Global wind market feeling chill

WORLDWIDE: Global wind turbine demand is expected to contract by 5% in 2013, the first fall since 2004, new research by Make Consulting shows.

Global demand for wind turbines is contracting (Photo credit: NASA)
Global demand for wind turbines is contracting (Photo credit: NASA)

Make’s 2013 Global Wind Power Supply Chain report highlights a drop in demand in key wind markets, in particular the US, Spain and Italy, which has forced manufacturers to close or idle their production sites.

Unstable policies in the US and Spain have resulted in redundancies and facility closures in the last twelve months which has had a major impact on the global supply chain.

Overcapacity caused by competition, especially from Asian suppliers, has driven down prices, has caused turbine manufacturers and suppliers, particularly in the Americas and Europe Middle East and Africa, financial difficulties.

Growth in the wind turbine market is seen in new and emerging markets like Brazil and South Africa where new investments in the supply chain are taking place.

Large offshore and onshore wind turbines that require longer blades, taller towers, larger diameter bearings and more complex castings, are also increasing demand in the supply chain.

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