FTI Consulting has released FTI Intelligence’s preliminary rankings for the world’s top five wind turbine original equipment manufacturers (OEMs), which found that Vestas held the title as the world’s largest supplier of wind turbines in 2017, due to it’s wide geographic diversification strategy and strong performance in the US market.
Siemens Gamesa ranked second in 2017, primarily due to the recent merger between Siemens Wind Power and Gamesa, its strong position in the offshore sector and India and improved position in the USA. Chinese supplier Goldwind remains in third position in 2017, despite the share in its home market decreasing another 15 per cent in 2017. GE fell two positions to fourth place, particularly due to the loss in its home market, where Vestas overtook it as the No. 1 supplier for the second year in a row. Enercon retains fifth place by taking advantage of strong domestic market growth in Germany, where nearly 6.5GW were installed in 2017, making it a record year. Nordex Acciona moved up one spot due to strong position in Germany and better performance in the USA. In addition, Senvion returned to the top 10 turbine supplier ranking in 2017 by taking advantage of strong home market growth in Germany. The rest of OEMs in the top 10 are all Chinese-based manufacturers. The report Global Wind Market Update ― Demand & Supply 2017, will be released in March 2018.