Final Installation Figures Show a Record-Breaking Year for the Global Top 10 Wind Turbine OEMs
March 30 2015 - 2:00AM
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm
dedicated to helping organisations protect and enhance their
enterprise value, today announced the release of FTI Intelligence's
latest renewable energy publication, Global Wind Market Update –
Demand & Supply 2014. This report is part of a series of
data-driven publications evaluating competitive markets, policy,
finance, technology and business models across the energy
spectrum.
The report, Global Wind Market Update – Demand & Supply
2014, examines the global wind market evolution, forecasts for the
wind market between 2015 and 2024, and assesses key market and
technology trends and policy changes. The 175+ page report includes
more than 60 tables, charts and graphs illustrating the development
of the global wind market. The report is authored by members of the
FTI-CL Energy practice, a cross-practice team of energy experts
from FTI Consulting including experts from its subsidiary, Compass
Lexecon.
After a challenging year in 2013, the global wind market bounced
back in 2014, setting a record with more than 51.5GW, over 44
percent growth since 2013. This was mainly driven by
record-breaking growth in China, Germany and Brazil, and the
recovery of the U.S. wind market. Vestas was quick to capitalise on
this growth by claiming the crown as the leading turbine OEM
supplier for the second year in a row, with a commanding lead over
Siemens, which placed second. Siemens had a record-breaking year
for its onshore business, whilst China's Goldwind remained the
dominant player in the Asian market coming in at third place. GE
(fourth place) and Enercon (fifth place) rounded out the top five
OEMs, capitalising on their dominance and growth in their
respective home markets. This record-breaking year has come after a
challenging few years of changing regulation in several established
markets and a major overhaul shaking out a quarter of businesses
across the supply chain.
Key findings in the Global Wind Market Update – Demand &
Supply 2014 report include:
- Detailed rankings for turbine OEMs and wind farm
owner-operators.
A graphic accompanying this release is available at
http://media.globenewswire.com/cache/33891/file/32888.pdf
- An overview of major market events including turbine OEM
business, product development and market segmentations.
- The historical and future outlook for established and emerging
markets.
- Forecasts for the wind market from 2015 through 2024.
- Evaluates technology and major market trends.
- Reviews the market structures.
- Projects economics and the penetration of wind in key
markets.
"To some extent, 2014 has proved that wind is still a
politically-driven business. The record installations were mainly
driven by the boom-and-bust fear created by the upcoming regulatory
changes in China and Germany," explained Feng Zhao, Director in the
FTI- CL Energy practice. "Although strong growth is expected in
South and East Asia, and some emerging markets in Latin America in
the next five years, market fluctuation is inevitable in some of
the established markets in Europe and North America due to policy
uncertainty."
"The wind industry has been through a major overhaul and has
begun to shift away from FiT-based market mechanisms, and in
several parts of the world is at grid parity. The wind industry has
shown its resilience and ability to adapt, however the record
51.5GW installations disguise the underlying challenges the
industry still faces," says Aris Karcanias, Managing Director at
FTI Consulting and Co-Lead of the company's Clean Tech
practice.
To purchase the FTI Intelligence Global Wind Market Update –
Demand & Supply 2014 report in its entirety, visit the FTI
Intelligence website at www.fti-intelligence.com or contact
Feng Zhao at feng.zhao@fticonsulting.com or Aris Karcanias at
aris.karcanias@fticonsulting.com.
About FTI Intelligence
FTI Intelligence is a comprehensive online resource for energy
markets news and research. In addition to the energy markets
newsletters, FTI Intelligence hosts industry-related news and
events, as well as comprehensively researched publications. These
data-driven publications, available for purchase on the FTI
Intelligence Webstore, will offer in-depth analysis and strategic
insight on competitive markets, policy, finance, technology and
business models across the energy spectrum for both established and
emerging markets.
About the Report
The Global Wind Market Update – Demand & Supply 2014
examines the development of the land-based and offshore wind
markets in 2014. Specifically, the report provides rankings for the
major turbine OEMs and developers, market segmentation, technology
trends, market structures and penetration rates, and wind market
forecasts for 2015-2020 and predictions through to 2024. The views
expressed in this work do not necessarily represent the views of
the publisher, its management or employees, and the publisher is
not responsible for, and disclaims any and all liability for the
content of statements written by the authors of this work.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm
dedicated to helping organisations protect and enhance enterprise
value in an increasingly complex legal, regulatory and economic
environment. With more than 4,400 employees located in 26
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management, strategic
communications and restructuring. The Company generated $1.76
billion in revenues during fiscal year 2014. For more information,
visit www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
CONTACT: Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com
Media Contact:
Michael Rosen
+44.20.3727.1751
michael.rosen@fticonsulting.com
FTI Consulting (NYSE:FCN)
Historical Stock Chart
From Mar 2024 to Apr 2024
FTI Consulting (NYSE:FCN)
Historical Stock Chart
From Apr 2023 to Apr 2024