Ken Research - Global Wind Turbine Market Report | Seite 3

November 2017
Global Wind Turbine Market Outlook to 2021
Demand for wind turbine was highest in Tamil Nadu which leads the market in
India with total installed capacity of ~MW Rajasthan (~MW), Gujarat (~MW) and
Maharashtra (~MW) were other prominent states in terms of total installed capacity.
Market Size on the basis of new turbine sales was estimated at USD ~ billion in 2016.
Services are estimated to generate USD ~ million in India.
In terms of original equipment manufacturers by total cumulative installed capacity
Suzlon lead the market with ~% share. It is followed by Windworld (~%), Gamesa
(~%), Vestas (~%), Regen (~%) and Others (~%). GST on wind turbine is set at 5%
and engineering services related to wind turbine will attract 18% GST.
China
China is the largest user of wind turbines in the world constituting more than one
third of the total cumulative installed capacity in 2016. Market Size on the basis of
new turbine sales was estimated at USD ~ billion in 2016. Price of wind turbine was
among the lowest in China. Services were estimated to generate USD ~ million. Even
though it has the largest fleet of wind turbine its services revenue was not that high
when compared to compared to the US and Germany.
Market for wind turbines in China is dominated by domestic companies. An
estimated more than ~% of the wind turbine demand in 2016 was met by these
companies. Gold wind was the market leader with ~% (~ MW) market share.
Based on Ken research estimates the market for wind turbines in China may reach
cumulative installed capacity of ~ GW by th