Top 5 Vendors in the Global Wind Turbine Generator Market From 2017 to 2021: Technavio
Technavio
has announced the top five leading vendors in their recent global
wind turbine generator market 2017-2021 report. This
market research report also lists 11 other prominent vendors that are
expected to impact the market during the forecast period.
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Technavio has published a new report on the global wind turbine generator market from 2017-2021. (Graphic: Business Wire)
Competitive vendor landscape
According to the research analysis, the global wind
turbine generator market is characterized by the presence of
well diversified international and regional vendors. In developed and
developing countries, regional vendors dominate the market, thus
increasing the competition. The wind turbine generator market is a
highly competitive market with major vendors such as ABB, Gamesa, GE
Renewable Energy, SANY and Suzlon competing on price and quality of the
products offered, and market presence.
The market includes in-house manufacturers and independent suppliers.
In-house manufacturers increasingly focus on providing innovative
low-cost products that have high efficiency and are lightweight. They
also strive to enhance their overall service. The independent suppliers
dominate the global wind turbine generator market.
“Vendors are resorting to M&A activities and establishing
partnerships along with effective product launches as a strategy to gain
higher market shares. Leading companies are trying to gain a competitive
edge through joint ventures, memorandum of understanding, or acquisitions,”
says Thanikachalam Chandrasekaran, a lead power
research analyst from Technavio.
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Technavio market research analysts identify the following key
vendors:
ABB
ABB is a one of the leaders in automation and power technologies, which
enable utility and industry customers to improve their performance while
reducing the environmental impact. The company provides power and
automation technologies for the utility, transport, and infrastructure
industries worldwide.
Gamesa
Gamesa is a leader in the wind industry and has operations in over 55
countries. Gamesa also manufactures other major components for wind
turbines such as converters, generators, and gearboxes through its
subsidiary companies. Additionally, the company also focuses on the
development and sale of wind farms. The company operates through two
segments: Wind Turbine and Operations and Maintenance.
GE Renewable Energy
GE Renewable Energy has one of the broadest product and service
portfolios in the renewable energy industry. The company has installed
over 370 GW of wind energy capacity globally. In February 2017, the
company announced that it will equip an integrated solar-wind hybrid
power project in the US.
SANY
SANY has over 25 manufacturing bases and has R&D centers and
manufacturing bases in the US, Germany, India, and Brazil. The products
of the company are exported to 150 countries and regions worldwide.
Suzlon
Suzlon has its presence in over 19 countries. It has installed around
15.5 GW of wind energy capacity worldwide. The company has over 8,000
employees worldwide. The company is a leader in wind energy in APAC. In
July 2016, the company won the Golden Peacock Eco Innovation Award for
its S97 120-m hybrid tower wind turbine.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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at media@technavio.com.
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