Who rules the wind turbine market?

It is interesting to see that the wind energy market has been continuously larger and reached its peak in 2012 with a record 48.4 GW of new global electricity production. Especially The United States showed the successful result with the expected lapse of significant wind subsidies, which resulted in a rush towards wind farm development.

General Electric as shown on the chart, who ended the year as a leading wind turbine manufacturer in the world with 15.5% of the global market share, ahead of Vestas in Denmark with 14%. The next biggest manufacturer is Simens in Germany rounding off the top three with 9.5% of the market share.

The global wind power capacity has reached 283 GW. Market consolidation resulted in a Chinese slowdown while the US showed a significant growth, thanks to the subsidy. Germany, India and the UK also increased their market shares in the turbine construction.

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