SiemensGamesa Becomes Second Largest Global Turbine Supplier, With 19.3% Of The Market

Siemens Gamesa earns 70 M€ in its first financial year after the mergerAerogenerator from SiemensGamesa

Siemens Gamesa has become the second largest turbine supplier in the world after sealing its merger last April, with a 19.3% market share. It is second only to the Danish firm Vesta in the rankings, according to the report on the global wind energy market published by FTI Consulting.

The wind turbine manufacturer increased its market share by 6 percentage points after the merger between Gamesa and Siemens Wind Power, raising it from 13% in 2016 to the current 19.3% in the first half of 2017, despite the decline in orders in India.

At the same time, GE Wind has become the third main global supplier of wind turbines, with a market share of 18.6%, while the Chinese firm Goldwind is in fourth place, with 15.1% of the market.

As far as the offshore market is concerned, Siemens Gamesa is in first place in the rankings, with 30% of the market in the first half of 2017, ahead of Goldwind (22%), MHI-Vestas (19.5%) and Sewind (19.5%).

The Chinese manufacturers obtained approximately 40% of the offshore orders in the first six months of this year, a 28% rise in participation in the market compared with a year earlier.