Greentech Lead America: GE Wind now dominates the global wind turbine market pushing world wind energy leader Vestas to the second position, says BTM Consult in its preliminary ranking of top five wind turbine original equipment manufacturers (OEMs), due to be officially released in late March in the World Market Update 2012.
GE moved up from 3rd position in 2011, driven by installations in the U.S. GE was able to capitalize on the U.S. Production Tax Credit, with more than 15 percent global market share in 2012, the report said.
Vestas moved down from 1st position for the first time since 2000.
Siemens is ranked No.3 (up from 9th position in 2011) while Enercon was ranked No.4 (up from 5th position in 2011) in world Wind turbine market. Suzlon Group moved to No.5 position from the 6th position in 2011.
Despite a rapid ascent to global No. 2 in 2011, Goldwind drops out of the Top 5.
Gamesa falls out of the Top 5, driven by the moratorium in its home market of Spain.
While the four leading Chinese turbine OEMs, Goldwind, United Power, Sinovel, and Mingyang are included in the Top 10, none are among this year’s Top 5.
Sinovel continues to drop in the rankings, narrowly maintaining its position in the Top 10.
Although policy uncertainty plagued key markets like Spain, Italy, France, Portugal, the UK, the U.S., India, Australia, and Japan, 2012 saw record global installations, driven by China and the U.S., together comprising more than 60 percent of the global market.
Key Asian markets (China and India) were impacted by delayed payments. India delayed payments from utilities to power generators, up to 14 months in some cases.
Severe delays in payment of surcharge subsidies for renewables in China, in cases up to two years, have tightened cash flow throughout entire value chain.