Wind Turbines: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024

 Table of Contents

Abstract: Wind Turbine Markets Bring Strong Growth to Renewable Energy Projects 1
Wind Turbine Executive Summary 13

1. Wind Turbine: Market Description and Market Dynamics 14
1.1 Go to Market Strategies 15

2. Wind Turbine Market Shares and Forecasts 17
2.1 Wind Turbine Market Driving Forces 17
2.1.1 Local Generation of Wind Energy 17
2.1.2 Wind Energy Leverages Smart Grid 17
2.1.3 Wind Turbine Market Saturation In Areas of High Wind 18
2.1.4 High Energy Factories, Data Centers, And Commercial Plants Can Be Relocated 18
2.1.5 Significant Shift In Vendor Strategy 18
2.1.6 Global Warming Reaching A Point Where It Is Impossible To Ignore 19
2.1.7 Storage of Wind Generated Electricity: 19
2.2 Wind Turbine Market Shares 21
2.2.1 GW Unit Analysis 22
2.3 Wind Turbine Market Forecasts 28
2.4 Wind Turbine Market Segments 31
2.4.1 Wind Turbine Market, by Installation 31
2.4.2 Onshore 37
2.4.3 Offshore Wind Turbines 42
2.4.4 Siemens Offshore 48
2.4.5 North Sea Artificial Power Island Project 48
2.4.6 Massachusetts Offshore Wind Farms 51
2.4.7 Wind Turbine Segment Forecasts, Vertical, Horizontal 53
2.4.8 Horizontal Axis Wind Turbine 57
2.4.9 Vertical Axis Wind Turbine 57
2.5 Wind Turbine Market Prices 58
2.6 Wind Turbine Regional Market Segments 58
2.6.1 Germany 67
2.6.2 India 68

3. Wind Turbine Opportunity Description 75
3.1 Utility Scale Wind Turbine Projects 75
3.2 Software for Onshore Wind 76
3.3 Electricity Storage 79

4. Wind Turbine Research and Technology 81

5. Wind Turbine Company Profiles 82
5.1 Enercon 82
5.2 Envision 84
5.3 Eveready Diversified Products 84
5.3.1 Kestrel Wind Turbines 84
5.3.2 Eveready South Africa Brands 85
5.3.3 Kestrel e400nb Applications 85
5.4 GE Wind Turbines 87
5.4.1 GE Turbine Sizes 88
5.4.2 GE Digital Wind Farm 90
5.4.3 GE Offshore Wind Turbines 92
5.4.4 Block Island Wind Farm, The First Offshore Farm in the U.S. 94
5.4.5 GE Wind Turbine Global Presence 95
5.5 Goldwind 95
5.5.1 Goldwind Manufacturing Plants 96
5.6 Leitwind 97
5.7 Mingyang 98
5.8 Nordex 98
5.9 Siemens Wind Power And Renewables 99
5.9.1 Siemens Gamesa Third-Quarter Revenue 100
5.9.2 Siemens Onshore 106
5.9.3 Siemens Onshore 116
5.9.4 Siemens Off shore 117
5.9.5 Siemens Offshore 122
5.9.6 Siemens Digital Transformation 135
5.10 Suzlon 136
5.11 United Power 153
5.12 Vestas 154
5.12.1 Vestas Strategy 155
5.12.2 Vestas Revenue 156
5.12.3 Vestas Onshore 157
5.12.4 Vestas Activities in the Offshore Wind Power Area 158
5.12.5 Vestas Services 161
5.12.6 Vestas Regional Split 162
5.12.7 Vestas Revenue 162
5.12.8 Vestas Service Revenue 163

6. Research Findings and Conclusion 164

7. Selected List of Companies 164
WinterGreen Research, 165
WinterGreen Research Methodology 166
WinterGreen Research Process 167
Market Research Study 168
WinterGreen Research Global Market Intelligence Company 169

List of Figures

Figure 1. Power Projects Example 14
Figure 2. Go to Market Strategies 15
Figure 3. Coal Energy Declining, Renewable Energy Increasing 16
Figure 4. Wind Turbine Market Driving Forces 20
Figure 5. Wind Turbine Market Shares, Dollars, Worldwide, 2016 and 2017 21
Figure 6. Wind Turbine Market Shares, GW Units, Worldwide, 2017 22
Figure 7. Wind Turbine Market Shares, GW Output, Worldwide, 2012 to 2017 24
Figure 8. Wind Turbine Market Shares, # Turbines Shipped, Worldwide, 25
Figure 9. Wind Turbine Market Shares, # Turbines Installed, Worldwide, 26
Figure 10. Wind Turbine Market Shares, Average, Dollars per Turbine Shipped, Worldwide, 27
Figure 11. Wind Turbine Markets, Dollars, Worldwide, 2012-2017 28
Figure 12. Wind Turbine Markets, Dollars, Worldwide, 2017-2024 28
Figure 13. Siemens Regional GW of Wind Turbine Installed 29
Figure 14. Global Power Generation Additions 30
Figure 15. Wind Turbine Market Shares, Onshore, Offshore, Dollars, Worldwide, 2012 - 2017 32
Figure 16. Wind Turbine Market Shares, Onshore, Offshore, Dollars, Worldwide, 2012 - 2017 33
Figure 17. Wind Turbine Market Shares, Onshore, Offshore GW, Worldwide, 2012 - 2017 34
Figure 18. Wind Turbine Market Shares, Onshore, Offshore, Percent, Worldwide, 2017 - 2024 35
Figure 19. Wind Turbine Market Shares, Onshore, Offshore, Percent, Worldwide, 2017 - 2024 36
Figure 20. Onshore Wind Turbines Positioned for Growth 37
Figure 21. Onshore, Offshore, and Service Wind Turbine Volume Prospects 38
Figure 22. Vestas Onshore Wind Turbine Market Objectives 40
Figure 23. Vestas Onshore Wind Turbine Market Forecast 41
Figure 24. Offshore Diversified Wind Turbine Business 42
Figure 25. Siemens Onshore and Offshore Wind Turbine Business Prospects 43
Figure 26. Energy Market Segments 45
Figure 27. Wind Turbine North Sea Project 49
Figure 28. Electricity Hub Distribution From North Sea Island 51
Figure 29. Wind Turbine Segment Forecasts, Vertical, Horizontal, Percent, 2018 - 2024 53
Figure 30. Wind Turbine Segment Forecasts, Vertical, Horizontal, Dollars, Worldwide, 2018 - 2024 54
Figure 31. Wind Turbine Segment Forecasts, Vertical, Horizontal, Dollars, Worldwide, 2012 - 2017 56
Figure 32. Wind Turbine Regional Analysis Revenue, Dollars, 2017 – 2024 63
Figure 33. Wind Turbine Regional Analysis Revenue, Percent, 2017 – 2024 63
Figure 34. Wind Turbine Regional Analysis Revenue, Dollars, 2012 – 2017 63
Figure 35. Wind Turbine Regional Analysis Revenue, Percent, 2012 - 2017 63
Figure 36. Vestas Regional Wind Turbine Deliveries 64
Figure 37. Siemens Wind Turbine Growth Trajectory 65
Figure 38. Indian Government Commitment to Wind Turbines 68
Figure 39. Wind Auctions Gaining Momentum 69
Figure 40. Initiatives by Government under Consideration 70
Figure 41. Suzlon Market Conditions 71
Figure 42. Suzlon Increasing Market Share in India 72
Figure 43. Global Power Generation Capability 77
Figure 44. Low Auction Prices Transform Wind into Mainstream Energy Source 78
Figure 45. Global Transition to Auction Systems 79
Figure 46. Solar PV & Hybrid, Storage, and Offgrid 80
Figure 47. Enercon Gearless Drive Concept 81
Figure 48. ENERCONE-126 EP4 Technical Details 83
Figure 49. Kestrel e400nb Application Areas 86
Figure 50. GE Wind Turbines 87
Figure 51. GE Suites: Onshore and Offshore 88
Figure 52. GE Turbine Sizes 88
Figure 53. GE Renewable Energy Metrics 91
Figure 54. GE Wind Turbine Technical Specifications 93
Figure 55. Siemens Gamesa Wind Turbine Regional Strengths 99
Figure 56. Siemens Onshore ASP in Order Intake 101
Figure 57. Siemens Target Cost Reductions Based on Gamesa Synergies 102
Figure 58. Siemens R&D Spend on Platform and Digitization 104
Figure 59. Siemens Wind Turbine Footprint Optimization 105
Figure 60. Siemens Onshore Metrics 106
Figure 61. Siemens Onshore Wind Installations 107
Figure 62. Transition to Auctions has Caused Accelerated Price Adjustments 108
Figure 63. Siemens Wind Turbine Growth Trajectory 109
Figure 64. Siemens Gamesa SGRE Orders Booked 110
Figure 65. Siemens Post Merger Scale Market Opportunity 111
Figure 66. Siemens Strategy in Different Regional Markets 111
Figure 67. Siemens Gamesa Metrics 115
Figure 68. Siemens Wind Turbine Revenue 118
Figure 69. Siemens Wind Turbine Sales Offices 119
Figure 70. Siemens Gamesa Merger Objectives 120
Figure 71. Siemens Geared vs. Direct Technology Objectives 121
Figure 72. Siemens Wind Turbine Levelized Offshore Wind Auction Prces 124
Figure 73. Siemens Market Positioning 125
Figure 74. Siemens Wind Turbine Partnering 126
Figure 75. Siemens Wind Turbine Industrialization 127
Figure 76. Siemens Consolidation of Adwan Activities 128
Figure 77. Siemens Clear Leader in Offshore Wind Turbine Market 131
Figure 78. Siemens Metrics Wind Turbine 132
Figure 79. Siemens Scale, Global Reach, and Local Presence 133
Figure 80. Siemens GW Installed Globally 2017 to 2030 134
Figure 81. Siemens Digital Transformation 135
Figure 82. Suzlon Wind Turbines 136
Figure 83. Suzlon Wind Turbine Positioning 138
Figure 84. Suzlon and Industry Performance 139
Figure 85. Suzlon Delivery Volumes 140
Figure 86. Suzlon Pan India Segment 141
Figure 87. Suzlon Debt Reduction 142
Figure 88. Suzlon Service Revenue 144
Figure 89. Suzlon Revenue 145
Figure 90. Suzlon 2017 Revenue 146
Figure 91. Suzlon Order Backlog 147
Figure 92. Wind as Competitive Source of Power 148
Figure 93. Suzlon Increase in Energy Yield 149
Figure 94. India Offshore Met Station 150
Figure 95. Suzlon Technology Locations 151
Figure 96. Suzlon Global Presence 152
Figure 97. Vestas Wind Turbines 154
Figure 98. Vestas Wind Turbine 154
Figure 99. Vestas Market Positioning 160
Figure 100. Vestas Wind Turbine Features 160 

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