25/03/2022 – Energy / Renewables / Vestas / Wind / Turbine / Manufacturer / GlobalData / Installations
Vestas emerges as leading global wind turbine manufacturer in 2021
Vestas Wind Systems A/S has emerged as the leading manufacturer for wind turbines, accounting for an impressive 16.6GW – or 19 per cent share – of global installations in 2021, according to data and analytics firm GlobalData.
The Denmark-headquartered company boasts a high level of projects that are being commissioned in the Americas and Europe, alongside steady installation activity in Asia-Pacific, which combined have enabled it to cross the 16.6GW mark.
Commenting on the findings, Amit Sharma – Practice Head of Power at GlobalData – noted: “Vestas is a leading wind turbine manufacturer with a strong product portfolio. Vestas is diversifying its geographic footprint in offshore wind with new installations across the world, as well as significant growth in Europe and new markets in onshore wind.”
Top 5 manufacturers account for nearly 65% of installations
GE Renewable Energy is ranked second place with over 11.7GW of installations, representing around 13.4 per cent share of the annual installations globally, owing to tremendous development in its home market, the United States.
“Siemens Gamesa Renewable Energy SA (SGRE), remained in third, with over 10.99GW of turbine installations with its 12.6 per cent share, in 2021,” continued Mr Sharma. “The merger of Gamesa and Siemens created a strong position in the power industry across the onshore and offshore space. The competitive advantage of larger size and scale, along with strong geographic diversification, provided the necessary push for SGRE to maintain its position in the rankings.”
Xinjiang Goldwind Science & Technology Co Ltd occupied fourth in the ranking, with around 9.8GW of installations, representing 11.2 per cent of the share.
Nordex SE stands in fifth. It installed 8.2GW in 2021 doubling its 2020 figure of 4.72GW, resulting in a 9.4 per cent share of the global wind turbine installations.
“The top five turbine manufacturers together accounted for nearly 65% of the total installed capacity in 2021,” continued Mr Sharma. “Consistent growth will come from mature markets in the US and Europe, whilst additional growth is estimated to be driven by global offshore market and developing markets in South East Asia and MENA region.”