Related Links

Related Stories

  • Hexcel constructs wind energy prepreg facility
    Hexcel has begun construction of its prepreg manufacturing plant to serve the North American wind energy industry in Windsor’s Great Western Industrial Park, Colorado, USA.
  • LM Glasfiber inaugurates wind blade factory
    LM Glasfiber has inaugurated a composite wind turbine blade production facility in Goleniów, Poland, to serve the rapidly growing multi-megawatts wind turbine segment for onshore and offshore windfarms in the Northern, Central and Eastern parts of Europe.
  • Hexion builds wind energy epoxy materials facility
    Hexion Specialty Chemicals will build a production facility in Esslingen, Germany, to produce specialty epoxy resins used in the production of wind turbine blades for the wind energy market.
  • USA and China experience wind power boom
    The USA has passed Germany to become world number one in wind power installations at the same time as China's total capacity doubles for the fourth year in a row, the Global Wind Energy Council (GWEC) reports.
  • Wind dying down?
    The global economic turmoil has started having an impact on the wind energy industry in Europe, according to Frost & Sullivan, who say some companies are cutting down forecasts and production for 2009.

News

Wind bracing itself for slower 2009

Emerging Energy Research’s (EER) 2008 Wind Turbine Market Share Update shows that banking on long-term growth, turbine manufacturers push capacity investments while bracing for slower 2009.

The EER update reveals a 2008 global turbine market in which high demand and supply chain backlogs offered plenty of room for all: established players averaged installation growth of more than 50%, while several newer players saw installations jump by 100% and more.

Although the landmark year helped new competitors such as Sinovel, Dongfang, and Clipper make modest inroads into the leaders’ market share, the turbine market remains dominated by Vestas, GE, Gamesa, Enercon, Suzlon, and Siemens who, as a group, accounted for 70% of last year’s installations.

Buoyed by 2007’s bursting order books, turbine manufacturers installed almost 11 GW more turbines in 2008 than in the previous year – totalling nearly 30 GW of turbines activated during the year, almost double the volume in 2006, with the USA and China accounting for 48% of that amount.

“The battle for market share is expected to intensify in 2009-2010 as the economic slowdown continues and as local suppliers in the United States and China ramp production,” says Keith Hays, EER Research Director.

With more than 15 turbine vendors scrambling to take business from the big 6, players with diversified order books are best positioned to grow in 2009 as the slowdown will be felt most acutely in the USA, a market that weighs heavily in the order books of the major vendors.

At the same time, China remains less impacted by the recession; steady performance can be expected from China’s growing number of local turbine suppliers as well as global players—such as Vestas, Nordex, and Gamesa—with an existing foothold in that market.

Investments and plant capacity expansion point to a collective optimism on the part of many manufactures for the long-term market, despite their expectations for modest growth in 2009.

“The industry saw record installations in 2008 even though new production facilities had not yet come on-line in the US and China,” says Hays. “With an improving market in 2010, manufacturers with capacity expansion plans, such as Acciona, Gamesa, Suzlon, Siemens, and Vestas, will be well-positioned for the recovery, although full utilisation will depend on their ability to demonstrate flexibility in pricing and delivery terms.”

 

Share this article

More services

 

This article is featured in:
Wind energy

 

Comment on this article

You must be registered and logged in to leave a comment about this article.