Vestas establishes itself as leading global wind turbine manufacturer in 2021, says GlobalData

published on 29/03/2022
Global-manufacturer-of-wind-turbines-in-2021

Vestas Wind Systems A/S has emerged as the leading manufacturer for wind turbines with an impressive 16.6 gigawatts (GW) of installations, or 19% share, of global installations in 2021, found GlobalData, a leading data and analytics company.

Vestas has a high level of projects that are being commissioned in the Americas and Europe, and its steady installation activity in Asia-Pacific has enabled it to cross the 16.6 GW mark.

Amit Sharma, Practice Head of Power at GlobalData, says: “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.”

GE Renewable Energy is ranked second place with over 11.7 GW of installations, representing around 13.4% share of the annual installations globally, owing to tremendous development in its home market, the United States.

Sharma continues: “Siemens Gamesa Renewable Energy SA (SGRE), remained in third, with over 10.99 GW of turbine installations with its 12.6% share, in 2021. 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 7.7 GW of installations, representing 8.8% of the share.

Nordex SE stands in fifth. It installed 8.2 GW in 2021 doubling its 2020 figure of 4.72 GW, resulting in a 9.4% share of the global wind turbine installations.

Sharma adds: “The top five turbine manufacturers together accounted for nearly 65% of the total installed capacity in 2021. 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”