The Wood McKenzie wind power research team recently released the latest research report, Global Wind Turbine OEMs 2022 historical market shares, titled ‘2022 Global Wind Turbine Enterprise Market Share Ranking’. The key summary is as follows.

In 2022, due to factors such as supply chain disruptions, geopolitical tensions, inflationary pressures, and project execution delays, the profitability challenges faced by wind turbine enterprises have further intensified. After reaching a record high of 100+GW of new wind power installed capacity globally for two consecutive years, the new wind power installed capacity in 2022 fell back to 92.8GW, a year-on-year decrease of 11.5%. Despite facing multiple pressures, four complete machine enterprises worldwide still achieved double-digit GW level installed capacity that year, demonstrating market resilience.

Goldwind Technology has won the world’s first place for the first time. In 2022, Goldwind Technology added 12.5GW of new installed capacity, ranking first in the world for the first time, and this is also the first time that Chinese wind power enterprises have topped the global list. Vestas followed closely with an additional installed capacity of 11.8GW, marking the first time it has missed the top spot since winning the championship for many years in 2015. General Electric, Siemens Gomesa, and Vision Energy are ranked third to fifth, with newly added installed capacity of 11.3GW, 10.2GW, and 8.8GW, respectively. At this point, the top five wind turbine manufacturers hold nearly 60% of the global market share.

According to the report, in 2022, China’s newly added wind power installed capacity reached 49.2GW, a year-on-year decrease of 12%. Despite the impact of the COVID-19 lockdown policy in the fourth quarter of 2022, China remains the world’s largest wind power market, contributing 53% of the market share.

In terms of global offshore wind power, in 2022, the newly installed capacity in the global offshore wind power market significantly decreased to 10.4GW, a year-on-year decrease of 77%. The main reason is that China cancelled the national subsidy for offshore wind power at the end of 2021.

In the global ranking of cumulative and newly added offshore wind power capacity, Chinese enterprises account for 6 places. There are Electric Wind Power, Mingyang Intelligent, Yuanyuan Energy, China National Offshore Installation, Goldwind Technology, and Dongfang Electric.

Source： WoodMac