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Wind Turbine Manufacturing – a case for consolidation


The global wind power boom is slowly tailing off – especially in Europe. After double-digit growth in recent years, the onshore and offshore wind power market will grow by only around 5% annually between now and 2015. In Europe, the onshore segment in particular is flat. By contrast, China shows the biggest growth potential: between now and 2020, installed wind power output will rise to 20 GW a year. But markets like the US, India, Canada, Brazil, Australia and Africa will also be buoyant in the next few years. However, growing competition from Asian players in the global market and the desired grid parity for wind power are forcing OEMs to cut costs by 25-40%. A large wave of consolidation in the wind power industry is therefore likely. These are the findings of a new international study, "Wind Turbine Manufacturing – A Case for Consolidation" by Roland Berger Strategy Consultants.

"Growth in the wind power sector will slow down noticeably compared to the boom years of the past," says Manfred Hader, Partner at Roland Berger. "Especially in Europe, we are seeing a flat market, particularly in the onshore segment. This is mainly because the onshore market is getting saturated and there is little government investment in countries like Spain. The European offshore wind market offers better opportunities."


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