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Chinese Companies Continue to Dominate Global Wind Turbine Market

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment.

Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023. BNEF’s “2023 Global Wind Turbine Market Shares” report said developers commissioned 36% more wind power capacity last year than in 2022, primarily thanks to China, the world’s largest wind power market.

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