Global Wind Turbine Manufacturers Achieve Record Volume in 2023 Despite Challenges: Report

Despite Challenges, 120.7 GW Installed; Chinese Suppliers Lead

According to GWEC’s annual Supply Side Data report, wind turbine manufacturers delivered a record volume in 2023, installing 120.7 GW of new capacity globally. Despite facing a challenging macroeconomic landscape and ongoing supply chain hurdles, 30 wind turbine manufacturers contributed to this milestone.

Chinese Companies Lead the Charge

Chinese suppliers dominated the market, installing 81.6 GW in 2023. This resulted in Chinese companies securing four out of the top five positions in the supplier rankings for the year. Goldwind emerged as the top supplier, with Envision and Vestas following closely behind.

Vestas Maintains Global Diversity

While Vestas slipped to third place globally, the Danish OEM maintained its status as the most geographically diverse, with installations in 36 countries.

Ben Backwell, CEO of GWEC, emphasized the need for accelerated growth worldwide, particularly in emerging and developing economies, to fully harness wind energy’s potential in achieving Net Zero goals. Backwell stressed the importance of collaborative efforts between governments and the industry to drive long-term market growth and support a healthy manufacturing supply chain.

Feng Zhao, Head of Strategy and Market Intelligence at GWEC, highlighted that while Chinese turbine OEMs have been exploring overseas markets, the majority of installations still occur in their home market. Western OEMs, such as Vestas and Siemens Gamesa, face minimal penetration in China’s wind market.

Overall, the data underscores the need for concerted efforts to expand wind energy adoption globally, aligning with climate objectives and fostering sustainable market conditions.

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