WORLD’S BIGGEST WIND BUILDERS

Top Wind Turbine Supplier Of 2012: Vestas Or GE?

26 March 2013 (North American Windpower)

“…MAKE Consulting places [the wind turbine original equipment manufacturer (OEM)] Vestas at No. 1 in 2012 and Navigant Research [assigns] the top spot to GE…

“MAKE Consulting says…Vestas ultimately pulled ahead of GE by a narrow 0.9% margin: Vestas held 14.6% of the global market, and GE held 13.7%. If all of GE’s 2012 Brazil-based projects had been grid-connected, however, the firm says the OEM would have beat out Vestas…Navigant Research’s top 10 list…gives the lead to GE, with GE holding 15.5% of the global market and Vestas holding 14%...”

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“Navigant says GE’s progress can be attributed to a rush to take advantage of the U.S.’ production tax credit, and MAKE adds that GE's strong growth in emerging EMEA markets was also essential…[B]oth research firms seem to agree that Vestas still reigns as one of the largest OEMs and that 2012 was a huge year for GE.

“Both reports also say that Chinese market leaders Goldwind and Sinovel slid…Goldwind dropped on both lists from second place in 2011 to seventh place last year…[MAKE says the declines are due to a 26% decrease in Chinese installations, while Navigant says ‘transmission bottlenecks and manufacturing overcapacity’ in the Chinese OEMs’ home markets are to blame…Both reports use the word “strong” when describing Siemens’ 2012 growth…Navigant says Siemens did well in both the U.S. and offshore markets…”

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