China to dominate the global wind turbine equipment market

Abstract: Following the launch of a price war in the field of solar power generation, and hitting the profit of European and American crystalline silicon solar cell manufacturers, China began to target the wind turbine market.

After launching a price war in the field of solar power generation, hitting the profit of European and American crystalline silicon solar cell manufacturers, China began to target the wind turbine market.

According to Danish consultancy BTM, although Vestas Denmark and General Electric of the United States are still holding the top two suppliers of global wind turbines, Chinese companies are catching up.

China's Huarui Wind Power Technology Co., Ltd., Xinjiang Goldwind Technology Co., Ltd. and Dongfang Electric Group Co., Ltd. all rank among the top 10 in the industry, while Chinese companies are actively competing in the export market.

Robert Todd, director of HSBC's renewable energy, resources and energy project, said: "(Chinese manufacturers) have set up an international sales team and are actively bidding for overseas contracts. Their actual progress is only a matter of time."

Goldwind said on Monday that it has established a wholly-owned US subsidiary in Chicago and announced that Goldwind has launched an impact on this market dominated by General Electric. Goldwind has established a production base in Germany and was established in Australia at the end of last year. Subsidiaries.

Sinovel Wind Power is the largest wind power equipment company in China, ranking third in the world. The company exported 10 sets of 1.5 MW wind turbines to India last year, and also purchased electrical systems from American Superconductors in March for its autonomy. The development of 5 MW wind turbines is used. The company plans to export such large-capacity wind turbines in the future.

In the solar power market, Chinese product prices are much lower than similar products in Europe or the United States. Some people are concerned that this may depress the price of wind turbines, leading to oversupply in the solar power market and repeating the mistakes of last year.

Export potential

People often complain about China's blockade of its own market, or help its exporting companies unfairly compete by providing huge subsidies and cheap loans.

German solar energy companies Conergy and Solarworld have expressed strong concerns about the pricing behavior of Chinese solar panel makers.

But at least for now, the focus of China's wind turbine manufacturers is still on the domestic market. The overseas pace of these companies does not pose a big threat to many international companies, especially considering the logistics costs needed to transport these giants.

A Siemens spokesperson said: "Chinese manufacturers have begun to land in overseas markets, such as India or the Asia Pacific region. But the current focus of Chinese companies is still in the country."

China is the world's largest wind energy market. In 2009, its installed wind power capacity increased by more than 13,000 megawatts, which is double the original.

Local Chinese wind turbine manufacturers now occupy 80% of the domestic market, and less than a decade ago, foreign companies such as Vestas, General Electric and Gamesa were major players in the Chinese market.