European Wind Turbine Makers Face ‘Unpleasant Surprise’ from China, Claims Sany Chief

Competition Heats Up in the Global Wind Industry

The global wind industry is witnessing a significant shift in the balance of power, with Chinese manufacturers gaining ground on their European counterparts. This sentiment was echoed by Wang Changlin, the chairman of Sany Heavy Industry, a leading Chinese wind turbine manufacturer, who claimed that European companies are facing an “unpleasant surprise” from China.

Sany’s Rise to Prominence

Sany Heavy Industry has been rapidly expanding its presence in the global wind market, driven by government support and a focus on innovation. The company has established partnerships with major international companies, including Siemens Gamesa and GE Renewable Energy, to develop and manufacture wind turbines.

European Firms Struggle to Keep Up

Despite their reputation for quality and reliability, European wind turbine manufacturers are struggling to keep up with the pace of innovation and technological advancements in China. The Chinese government’s aggressive support for the wind industry, including subsidies and tax breaks, has enabled local companies to invest heavily in research and development.

Global Market Share

According to a recent report by BloombergNEF, China accounted for 34% of the global wind turbine market in 2020, while Europe accounted for 24%. The report also predicts that China’s market share will continue to grow, reaching 40% by 2025.

Implications for the Industry

The rise of Chinese wind turbine manufacturers has significant implications for the global industry. European companies are facing increased competition, which may lead to consolidation and restructuring. Additionally, the shift in market share may impact the global supply chain, as Chinese companies begin to dominate the manufacturing landscape.

Conclusion

The wind industry is undergoing a significant transformation, driven by the rise of Chinese manufacturers. European companies must adapt to this new reality by investing in innovation and diversifying their product offerings. The global market is expected to become increasingly competitive, with Chinese companies playing a dominant role.

FAQs

Q: What is driving the rise of Chinese wind turbine manufacturers?

A: Government support, including subsidies and tax breaks, is driving the growth of the Chinese wind industry.

Q: What is the current market share of Chinese wind turbine manufacturers?

A: According to BloombergNEF, China accounted for 34% of the global wind turbine market in 2020.

Q: What are the implications for European wind turbine manufacturers?

A: European companies are facing increased competition, which may lead to consolidation and restructuring.

Q: What is the future outlook for the global wind industry?

A: The global market is expected to become increasingly competitive, with Chinese companies playing a dominant role.