Sep 21, 2017   SOURCE: BusinessWire

Top 5 Vendors in the Wind Turbine Nacelle Market: Technavio

Technavio has announced the top five leading vendors in their recent global wind turbine nacelle market report from 2017 to 2021. This research report also lists 17 other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global wind turbine nacelle market from 2017-2021. (Phot ...

Technavio has published a new report on the global wind turbine nacelle market from 2017-2021. (Photo: Business Wire)

The global wind turbine nacelle market is predicted to grow steadily during the forecast period. The growth in the wind energy industry is influenced by rising environmental concerns, increased demand for power, favorable government regulations, and the need to reduce dependence on fossil fuels. Many countries worldwide have set renewable energy targets that are likely to provide the necessary boost to the wind turbine nacelle market shortly.

Competitive vendor landscape

The global wind turbine nacelle market is marked by the presence of well-diversified international and regional vendors. Regional vendors dominate the market in developed and developing countries, thus increasing the competition in the market. The competitive scenario in the market differs in onshore and offshore applications.

“The wind turbine nacelle market comprises in-house manufacturers and independent suppliers of raw materials. In-house manufacturers increasingly focus on providing innovative low-cost products that are lightweight and have high efficiency. Independent suppliers dominate the global wind turbine nacelle market. Vendors are resorting to M&A activities and establishing partnerships as a strategy to gain higher market shares,” says Thanikachalam Chandrasekaran, a lead power research analyst from Technavio.

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Top five wind turbine nacelle market vendors

Siemens Gamesa

Siemens Gamesa is a leader in the wind industry and has operations in over 55 countries. Production centers are in China and Spain, while its manufacturing divisions are in Brazil and India. Siemens Gamesa manufactures components for wind turbines such as converters, generators, nacelles, and gearboxes. Siemens Gamesa operates through two segments: Wind Turbine and Operations and Maintenance.

General Electric

General Electric has one of the broadest product and service portfolios in the renewable energy industry. Global wind power installations of the company are more than 370 GW. The company is involved in the installation of wind turbines and offers operations and maintenance services for wind turbines.

Molded Fiber Glass Companies

Molded Fiber Glass Companies offers customer-specific designing and manufacturing of equipment related to different markets. It manufactures wind turbine nacelles and offers them through its Wind Energy and Renewable Energy Products market segment.

Suzlon Energy

Suzlon Energy has its presence in over 19 countries. It has installed around 15.5 GW of wind energy capacity worldwide. The company has 15 manufacturing facilities in India and China. The company is also a leader in wind energy in APAC. It has nacelle manufacturing facilities in the US, India, and China.

Vestas

Vestas offers wind turbines and related components. It has delivered 82 GW of wind turbines in 76 countries until the end of 2016 and has manufacturing facilities located in North and Latin America, Europe, and Asia. Vestas is a Danish public company headquartered in Aarhus, Denmark.

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