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

Siemens GamesaSiemens Gamesa signs biggest offshore wind contract in Taiwan to date

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.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.