The global wind power market is one of the fastest-growing energy markets in the world, and a rapid scale-up of wind turbine technology over the past decade has resulted in more efficient machines and a sophisticated, large-scale supply chain.
In this increasingly competitive space, today’s wind turbine OEMs must constantly work to meet and exceed expectations in a range of criteria.
“Wind turbine manufacturers are primarily ranked in terms of total megawatts installed in a given year, but a more interesting story looks at differences in strategy and execution, product offerings, geographic diversification, and a mix of qualitative factors at play in this competitive and dynamic marketplace,” says Jesse Broehl, senior research analyst with Navigant Research. “Today’s top-tier vendors are excelling by showing brisk activity throughout many global markets and have an exceptional command of manufacturing, supply chain, and business relationships.”
Trailing the top-tier vendors are a number of strong contenders that, while proven, successful, and well-respected, may have smaller global business footprints and narrower product offerings, according to the report.
Ranked behind these companies are a few large and capable Chinese wind turbine vendors that rely predominantly on their domestic market but show mixed or limited success in other international markets.