By PHdJ @Adobe Stock

Woodmac.com reports that Chinese-owned Goldwind is in the top spot for the second year, followed by Envision and Vestas. He writes:

China accounted for 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers (OEM) into the top five global rankings, a first for the sector. With a record of 16.3 gigawatts (GW) capacity installed, Goldwind maintained the leading position for the second consecutive year, according to latest analysis from Wood Mackenzie.

Envision closely followed with 14.1 GW, the company’s best year yet, and at third place, Vestas connected 11.5 GW, the only western OEM in the global top five. At fourth and fifth places, Windey and MingYang installed 10.1 GW and 9.9 GW, respectively. Overall, the market remained consolidated with 54% of the global wind markets held by the top five OEMs. […]

Western manufacturers pressured by market slowdown

In comparison, 2023 was a disappointing year for western OEMs. Companies across Europe and the Americas suffered financial losses in a stalling wind market that plateaued at 40 GW capacity installed, a 3% drop YoY, which is the lowest year since the COVID-19 pandemic.

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