Vestas retains global wind market leadership in 2020
For the fifth year in succession, Vestas retained its leadership as the world’s largest supplier of onshore and offshore wind turbines in 2020.
Image for illustration purposes
Denmark, Aarhus: For the fifth year in succession, Vestas retained its leadership as the world’s largest supplier of onshore and offshore wind turbines in 2020.
According to a report by Global Wind Energy Council (GWEC), Vestas could maintain its leadership due to its wide geographic diversification strategy, with new installations in 32 markets in 2020. The Danish manufacturer posted a strong performance in the USA, Australia, Brazil, Netherlands, France, Poland, Russia, and Norway, the report said.
“Our preliminary findings from the supply side confirm that 2020 was an incredible year for the wind industry. Chinese and American turbine manufacturers had a record of new installations that saw most of them moving up in global turbine OEM market rankings,” said Feng Zhao, Head of Strategy and Market Intelligence at GWEC. “This makes sense as it reflects the situation that the world’s two largest markets China and the United States had the lion’s share in global wind installation in 2020.”
Complete rankings will be published in the “Global Wind Market Development ― Supply-Side Data 2020”, which will be released in late April 2021. Preliminary results are subject to change between now and the release date of the actual report. The report is part of GWEC’s Market Intelligence series that provide insights and data-based analysis on the development of the global wind industry.
Source: T&D India