Ken Research - Global Wind Turbine Market Report | Page 4

November 2017
Global Wind Turbine Market Outlook to 2021
In terms of total cumulative installed capacity GE was market leader with ~% (~
MW) market share. It was followed by Vestas (~%, ~ MW), Siemens (~%, ~ MW),
Gamesa (~%, ~ MW), Mitsubishi (~%, ~ MW), Suzlon (~%, ~MW) and others (~%, ~
MW).
The market for wind energy in future will be largely driven by falling cost of
generation of power from wind sources. It is expected that market for wind turbine
will increase from ~ GW in 2017 to ~ GW in 2021 on the basis of cumulative installed
capacity.
Brazil
In 2016, revenue from sale of wind turbines was estimated at USD ~ billion. Entire
contribution was from sale of onshore wind turbines. Services revenue was
estimated at ~ million with majority share of OEMs. Market for wind turbines
increased from ~ GW in 2011 to ~ GW in 2016 registering a five year CAGR of ~%.
Market for wind turbine in Brazil was largely dominated by GE which has supplied
over ~ wind turbines by the end of 2016. GE had market share of ~% by cumulative
installed capacity followed by Gamesa (~%) which has supplied approximately ~
wind turbines of ~ MW capacity each. Wind energy segment in Brazil is expected to
increase from an estimated ~ GW in 2017 to ~ GW in 2021 registering a constant
positive growth.
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