News Release
Chinese OEMs sweep the global wind podium for the first time
Wood Mackenzie's latest report on global wind turbine original equipment manufacturers (OEMs) reveals that Chinese companies dominated the market in 2024, with Goldwind, Envision, and MingYang securing the top three positions globally for the first time.
Key findings:
• Goldwind maintained its lead for the third consecutive year, installing 20 GW – a more than 20% increase on 2023 and more than 60% increase on 2022.
• Five OEMs installed double-digit GW for the first time, with Chinese manufacturers benefiting from robust domestic demand and Vestas dominating markets outside China.
• The Chinese market grew by almost 12% year-over-year to a record more than 80 GW, accounting for more than 60% of annual connected capacity globally.
• Installations outside China declined by 9% year-over-year, impacting Western OEMs.
