Wind turbine manufacturers' global market share 2018
In 2018, Denmark-based wind turbine manufacturer Vestas had a global market share of around 20.3 percent. This was follwed by Chinese comapny Goldwind at close to 14 percent that year.
Global wind turbine manufacturers
Wind power is generated when kinetic energy from wind is converted into mechanical power or electricity. There are two basic wind turbine groups, one with a horizontal axis and one with a vertical axis. Horizontal turbines have two or three blades and operate with their blades facing the wind. Single small turbines can be used for homes, telecommunications dishes, or water pumping. They can also be connected to batteries, solar photovoltaic systems, and diesel generators which are typically used in regions without utility-grid connections.
In 2018, Vestas accounted for 20.3 percent of the world’s market share for wind turbines, while Siemens Gamesa had a market share of 12.3 percent. Vestas generated a revenue of 12.1 billion euros in the 2019 financial year, an increase of two billion euros from the previous year. The Danish company has turbines installed in over 70 countries and recently merged its offshore business with Mitsubishi Heavy Industries to form MHI-Vestas. Large offshore wind installations have become increasingly popular in the United States.
Recently, China’s new wind installations exceeded those of many other countries combined, reaching additional capacity of 26,155 megawatts. Chinese turbine manufacturer Goldwind had a global market share of 13.8 percent in 2018. That year they exported around 274 MW of wind turbines abroad.
Global wind turbine manufacturers
Wind power is generated when kinetic energy from wind is converted into mechanical power or electricity. There are two basic wind turbine groups, one with a horizontal axis and one with a vertical axis. Horizontal turbines have two or three blades and operate with their blades facing the wind. Single small turbines can be used for homes, telecommunications dishes, or water pumping. They can also be connected to batteries, solar photovoltaic systems, and diesel generators which are typically used in regions without utility-grid connections.
In 2018, Vestas accounted for 20.3 percent of the world’s market share for wind turbines, while Siemens Gamesa had a market share of 12.3 percent. Vestas generated a revenue of 12.1 billion euros in the 2019 financial year, an increase of two billion euros from the previous year. The Danish company has turbines installed in over 70 countries and recently merged its offshore business with Mitsubishi Heavy Industries to form MHI-Vestas. Large offshore wind installations have become increasingly popular in the United States.
Recently, China’s new wind installations exceeded those of many other countries combined, reaching additional capacity of 26,155 megawatts. Chinese turbine manufacturer Goldwind had a global market share of 13.8 percent in 2018. That year they exported around 274 MW of wind turbines abroad.
