GWEC Market Intelligence today released the preliminary rankings for the world’s top five wind turbine original equipment manufacturers (“OEMs”). Danish supplier Vestas held the title as the world’s largest supplier of wind turbines in 2020, thanks to the Danish supplier’s wide geographic diversification strategy, with new installations in 32 markets last year, and strong performance in the United States (US), Australia, Brazil, Netherland, France, Poland, Russia and Norway.
Europe is considered the cradle for modern wind turbine technologies, which explains why European OEMs such as Vestas and Siemens Gamesa Renewable Energy are today’s global leaders in wind turbine manufacturing and turbine technology innovation. Although most Asian suppliers have historically relied on turbine technologies licensed from Europe to enter the wind industry, Asia Pacific has now become the world’s largest wind turbine manufacturing hub after a decade of development. In 2019, GWEC saw eight Asian turbine suppliers making the cut in the world’s top fifteen supplier ranking, as per GWEC Market Intelligence’s latest report ‘Supply Side Data 2019’.