Report: Vestas Remains Top OEM

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Top 5 turbine OEMs to rule two thirds of global market by 2020, says Wood Mackenzie Power & Renewables.

Official Press Release Wood Mackenzie Power & Renewables:

Top 5 turbine OEMs to rule two thirds of global market by 2020

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Top 5 turbine OEMs to rule two thirds of global market by 2020

After a decade of fragmentation, the top 5 turbine OEMs have reached industry consolidation. Key global players are expected to surpass a combined market share of 68% by 2020, up from 47% 5 years ago, according to recent research from Wood Mackenzie Power & Renewables.

As noted in the inaugural report, ‘Global wind turbine OEM market share forecasts H1 2019’, during the last 4 years, industry witnessed consolidation among the western turbine OEMs. Looking ahead to the next 4 years, Wood Mackenzie Power & Renewables expects consolidation to creep into the Chinese market, as Tier II/III Chinese OEMs begin to lose ground in competitive auctions. Vestas to top OEM market share ranking in 2019 Commenting, Wood Mackenzie Power &... ... More: Official Press Release Wood Mackenzie Power & Renewables

OEM, turbine manufacturer, turbine, wind turbine, Vestas, Siemens Gamesa, GE, market, Goldwind, Envision, China, Europe, USA, Enercon, Nordex, onshore, offshore

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