A new report from BTM Consult shows that Danish based Vestas Wind Systems and Siemens Wind Power both gained global market share in 2006. Vestas Wind Systems, which is the world's leading wind turbine manufacturer, increased its market share by 0.6% to 28.2%, while Siemens Wind Power was up from 5.4% to 7.3%. India's Suzlon, which directs its international business from Aarhus, Jutland, increased its share to 7.7%.
BTM Consult forecasts that installed wind turbine capacity worldwide will grow by 25% in 2007, while over the next five years the average growth will be 17.4% annually. In 2006, approx. 10,600 wind turbines were sold, with a total capacity of 15,016 MW – a figure which is expected to reach 33,000 MW annually by 2011.
Ditlev Engel, managing director of Vestas Wind Systems says: "We feel that the growth outlook is very robust, and it is satisfying that BTM Consult shares our assessment. The high growth in the coming years is also the reason why we employed 1,700 more people last year, and this year are investing DKK 3 bn [USD 540 m] in new factories to be well prepared to increase our market share to 35% by the end of 2008."
Spain's Gamesa, Germany's Enercon and USA's GE Wind all have an approximate 15% market share according to BTM Consult. The news was reported by financial daily newspaper Børsen and Erhvervsbladet.