Vestas remains top wind turbine supplier globally in 2011

Nov 27, 2012 - Danish Vestas Wind Systems A/S (CPH:VWS) remained leader in the global wind turbine market with a 12.7% share in terms of installed capacity in 2011, followed by Chinese rivals, a recent study by market researcher Global Information Inc (GII) shows.

The report, named Top 10 Wind Turbine Manufacturing Companies, notes that the 10 dominating companies account for some 80% of the global wind turbine market.

The installed capacity of Vestas came in at 5,054 MW last year. The company's market share declined from 2010 when it claimed 14.8% of the market. Yet, Vestas will remain leader, despite intense competition from Chinese sector players, the report projects.

Chinese Sinovel (SHA:601558) took the second position in the ranking with a 9% market share and 2,939 MW of installed capacity in 2011. Other Chinese sector players that entered the top 10 ranking for the first time in 2011 include Goldwind (HKG:2208), Guodian United Power, and China Ming Yang Wind Power (NYSE:MY).

China is one of the world's fastest growing wind turbine markets with newly-added capacity of some 18 GW and total installed capacity of some 63 GW in 2011, according to the report.

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