Vestas Regains Wind Turbine Market Share Lead in Navigant Study

Vestas Wind Systems A/S (VWS) grabbed the biggest share of the wind-turbine market in 2013, regaining a lead that it lost last year to General Electric Co.

The Danish company took 13.1 percent of the total market of 37,478 megawatts, Navigant Consulting Inc. said today in a report on its website. China’s Xinjiang Goldwind Science & Technology Co. and Germany’s Enercon GmbH came second and third, while Siemens AG and GE placed fourth and fifth, dropping places due to a decline in the U.S. market, where they’re usually strong, according to Navigant.

“A politically divided Congress failed to extend tax incentives in time to positively impact the 2013 development and construction cycle,” Navigant said. “The market dropped 93 percent.”

The report is a boost for Vestas, which lost its lead for the first time since 1999 during a run of nine consecutive quarterly losses that ended in 2013. The Aarhus-based company’s stated goal is to be the global leader. GE’s fortunes are tied to its home market, where record installations in 2012 helped give it the top spot.

U.S. installations declined to 1.1 gigawatts from 13.1 gigawatts a year earlier, Navigant said. China was the top market, with 16.1 gigawatts, followed by Germany on 3.2 gigawatts, India on 2 gigawatts, the U.K. with 1.8 gigawatts and Canada with 1.7 gigawatts, according to Navigant.

While Vestas topped the ranking, its share was still lower than the 14 percent it had in Navigant’s survey for 2012. Goldwind’s share rose to 11 percent from 6 percent; Enercon took 9.8 percent compared with 8.2 percent; Siemens slipped to 7.4 percent from 9.5 percent and GE’s share dropped to 6.6 percent from 15.5 percent.

The top 10 was rounded out by Spain’s Gamesa Corp. Tecnologica SA, India’s Suzlon Energy Ltd., China’s Guodian United Power Technology Co., China Ming Yang Wind Power Group and Germany’s Nordex SE. The Navigant study is compiled by its BTM Consult unit.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Alex Devine, John Viljoen

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