BTM Consult, a part of Navigant, the premier forecaster of the international wind industry releases a comprehensive wind industry Supply Chain Assessment 2012-2015, examining the effects of capacity investments made by wind turbine manufacturers to meet supply shortages over the past four years.
During 2007 and 2008, the word "overcapacity" in the wind industry was rarely used, but the economic recession siginifcantly slowed development in the U.S. and European wind industry, leaving the Chinese wind power market to grow to almost half of the global total in 2010. Entering 2011, the combination of slower-than-expected economic recovery in the U.S., the eurozone sovereign debt crisis, and the Chinese governement's effort to overhaul their wind idustry has forged a nw rality for wind power.
Fierce competition among turbine OEMs, particularly in China, has decreased turbine prices to the extent that turbine OEMs and sub-suppliers are no longer realizing a profit. This is the first time in Chinese wind power history that many sub-suppliers have had to reduce their production capacity; even a large component supplier recently went bankrupt. The wind industry has entered a stage where strategic decision making is needed. How can the suppliers of components and materials survive this new reality? What are the latest supply chain management strategies of the world’s top 10 turbine OEMs as a response to slumping demand? This supply chain assessment, with the updated status of supply chain activities as of November 2011, addresses these questions.
Key Components
- Blades
- Gearboxes
- Electric Generators
- Bearings
- Power Coverters
- Transformers
- Towers
- Pitch Systems
- Balance of Plant - Offshore
Key Materials
- Casings
- Forgings
- Reinforcement fibers
- Resins
- Rare-Earth materials
For more report details and purchasing information, click here.
The information concerning the report, “International Wind Energy Development – Supply Chain Assessment 2012 - 2015,” is a summary and reflects BTM Consult’s current expectations based on market data and trend analysis. BTM Consult’s market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full BTM Consult report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used by BTM Consult to create the report. Neither BTM Consult nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.