Global Wind Turbine Markets and Strategies, 2009-2020

Table of Contents

I.EXECUTIVE SUMMARY

• 1. Global Demand Forecasts, 2009 - 2020: Rebounding Toward Steady Growth
  • *Crisis Deepens in 2009, Early 2010 Followed by Strong 2011 Rebound
• 2. Turbine Size Forecast: 1.5 MW to 2 MW Products Reign, 3 MW Poised for Take Up
• 3. Inflection Point for Turbine Prices Before Long - Term Recovery
• 4. Industry Globalization Sparks Market Share Dogfight
• 5. As Order Flow Slows, Players Regroup for Global Competition
• 6. Product Strategies Favor Over 2 MW Technology, Incremental Innovations
• 7. Manufacturing Capacity Adjusted to New Markets, New Demand Reality
• 8. Investment Outlook

II.GLOBAL WIND TURBINE MARKET FORECASTS

• 1. Global Wind Power Forecasts: 2009 - 2020
  • *Crisis Deepens in 2009, Early 2010 Followed by Strong 2011 Rebound
  • *Long - Term Forecast: Annual MW Added Rises to Over 60 GW by 2020
• 2. Global Onshore Wind Market Forecasts: 2008 - 2020
  • *Europe Onshore Wind Market Forecast
  • *North America Onshore Wind Market Forecast
  • *Asia Pacific Onshore Wind Market Forecast
  • *Rest of World Onshore Wind Market Forecast
    • Brazil, Chile Pushing Latin America Wind Forward
    • State - Driven Project Tenders in Egypt and Morocco Lift Regional Growth
• 3. Global Offshore Wind Market Forecasts: 2008 - 2020
  • *Europe Offshore Wind Market Forecast
  • *North America Offshore Wind Market Forecast
    • United States
    • Canada
  • *Asia Pacific Offshore Wind Market Forecast

III.WIND TURBINE MARKET TRENDS

• 1. Large - Scale Wind Plant Goes Mainstream
• 2. US Drives Average Turbine Size Scale - up to 1.5 MW
• 3. Wind Turbine Market Forecasts by Turbine Size
  • *Global Wind Turbine Size Forecast
  • *Europe Wind Turbine Size Forecast
  • *North America Wind Turbine Size Forecast
  • *Asia Pacific Wind Turbine Size Forecast
  • *Rest of World Wind Turbine Size Forecast
  • *Offshore Wind Turbine Size Forecast
• 4. Wind Turbine Pricing Trends and Forecast
  • *Global Market Size Evolution
  • *Europe Onshore Wind Turbine Pricing
    • Announced Orders Vary Greatly in Price and Size
    • Europe Pricing Scenario: 2009 Drops, Consolidation Leads to Stability in 2011 - 2015
  • *North America Onshore Wind Turbine Pricing
    • Downward Pressure on Wind Turbine Pricing Likely to Ripple Through US Market
    • North America Pricing Scenario: Gradual 2010 - 2015 Rebound
  • *Asia Pacific Onshore Wind Turbine Pricing
    • Scope of Supply Wide - Ranging, with Rapid Growth, New Entrant Proliferation
    • China Turbine Prices Reflect Learning Curve, Shift to Local Sourcing
    • Asia Pacific Pricing Scenario: Economies of Scale Perpetuate Competitive Chinese Turbine Pricing
  • *Global Offshore Wind Turbine Pricing
    • UK Sets Price Benchmark for Offshore Build - out
  • *Global Investment Outlook
• 5. Trends in Wind Project Size
  • *Global Onshore Project Size Trends
  • *Global Offshore Project Size Trends

IV. COMPETITIVE TRENDS IN WIND TURBINE SUPPLY

• 1. Wind Turbine Market Share Analysis
  • *Market Share by Region
    • Europe' s Mature Market Structure Consolidates Around Leading Players
    • North America Dominated by GE, Vestas, But Near - Term Competition Tightening
    • Asia Pacific Increasingly Supplied by Local Providers, Emerging Chinese Vendors
    • Increased Latin America Supplier Presence Sets Stage for Further Competition
    • Gamesa Tightens Grip on Africa/Middle East Market
  • *Global Market Share by Turbine Size Under 1.00 MW Segment Served with Workhorse Turbine Platforms in Emerging Markets
    • 1.00 MW to 1.49 MW Segment Tapering Off for Leading Players Migrating to 2 MW or Greater
    • 1.50 MW to 1.99 MW Segment Provides Class I Base for Multi - Megawatt Platforms
    • 2.00 MW to 2.49 MW Turbines Anchor Global Multi - Megawatt Industry
    • Few Players Address 2.50 MW to 2.99 MW Segment with Incremental Scaling Up
    • 3.00 MW and Larger Turbines Push Logistical Limits Onshore
  • *Offshore Turbine Market Share
• 2. Competitive Analysis of Wind Turbine OEMs
  • *Product and Technology Strategies
    • Leaders Leverage Dual - Product Platforms for Global Market Share
    • New Turbine Rollout Forces Key Decisions Based on Markets, Internal Research, and Development
    • Generator Solutions Under Consideration as Turbines Scale
    • Drive Train Innovations Leading to Gearless Solutions
    • Weight vs. Generator Size Shapes Turbine Scale - up Strategies
    • Siemens Leads Offshore Turbines, Vying for Track Record
  • *Wind Turbine Sales Strategies
    • Facing Downturn, Order Book Management and Communication Under Pressure
    • Players Retrench for Lean Year of US Orders
    • Europe Less Bleak with Political Drivers, Long - Term Utility Plans in Place
    • Asia Pacific Dominated by Chinese, Capturing Bulk of Orders
    • Leading Utilities, IPPs Anchor Longer - Term Order Books
    • Frame Agreements Increasingly Underpin Sales Position
    • Geographic Diversity Key to Hedge Order Risks
    • Order Terms, Scope of Supply Adjusting to Buyer' s Market
  • *Wind Turbine Manufacturing Strategies
    • Consolidated European Manufacturing Builds on Investments in Iberia, Offshore
    • Vestas Leads US Manufacturing Explosion
    • Asia Pacific Manufacturing Base Builds Up in China
  • *Operations and Maintenance Strategies
    • Turbine Suppliers Vary O&M Offer

V. WIND TURBINE MANUFACTURER PROFILES

• 1. Top Tier Turbine OEMs
  • *Vestas
  • *GE Energy
  • *Gamesa Eolica
  • *Enercon GmbH
  • *Suzlon Energy
  • *Siemens Wind Power
  • *Acciona Windpower
  • *REpower Systems AG
  • *Goldwind Science and Technology
  • *Sinovel Wind Co
  • *Nordex AG
  • *Dongfang Turbine
• 2. Second Tier Turbine OEMs
  • *AAER
  • *Alstom Ecotecnia
  • *Clipper Windpower
  • *DeWind Inc
  • *EOZEN
  • *Fuhrlander AG
  • *IMPSA
  • *Mitsubishi Power Systems
  • *MTorres Disenos Industriales
  • *Multibrid GmbH
  • *Nordic Windpower
  • *WinWinD Ltd
• 3. Emerging Chinese OEMs
  • *Baoding Huide Wind Power Engineering
  • *CSIC (Chongqing) Haizhuang Windpower Equipment
  • *CSR Zhuzhou Electric Locomotive Research Institute
  • *Hanwei Wind Power Equipment (Daqing)
  • *Hunan Hara XEMC Windpower Co. Ltd
  • *Liaoning GaoKe Energy Group (A - Power)
  • *Guangdong MingYang Wind Power Technology
  • *CPC New Unite (Jiangsu) Wind Power Equipment
  • *Sewind Co
  • *Shenyang Huachuang Wind Energy Corp
  • *Zhejiang Huayi Wind Energy Development Co. Ltd. (HeWind)
  • *Zhejiang Yunda Wind Power (Windey)
• 4. Emerging Korean OEMs
  • *Unison Energy Co. Ltd.
  • *Hyosung Corp.
  • *Hyundai Heavy Industries Co.
  • *Doosan Heavy Industries and Construction Co. Ltd.
  • *Samsung Heavy Industries Ltd.
• 5. Emerging Offshore Turbine Suppliers
  • *BARD Engineering GmbH
  • *Blue H Technologies BV
  • *Darwind
• 6. Other New Entrants
  • *Kenersys
  • *PowerWind GmbH
  • *Leitwind AG

LIST OF EXHIBITS

I. EXECUTIVE SUMMARY

• 1. Global Wind Cumulative MW Installed by Region: 2000 - 2020
• 2. Key Sources of MW Growth Progress Through Recession
• 3. Global Annual MW Added by Turbine Size
• 4. Key Markets Pricing Evolution: 2005 - 2009
• 5. Global Wind Turbine Market Share, Megawatts Installed: 2001 - 2008
• 6. Order Books Position Global Suppliers Against Entrenched Regional Players
• 7. Recent Turbine Rollouts and Projects
• 8. Global Turbine Manufacturing Trends Overview by Region
• 9. Global Wind Turbine Investment Evolution: 2005 - 2015

II. GLOBAL WIND TURBINE MARKET FORECASTS

• 1. EER Four - Phase Forecast Methodology Overview
• 2. Global Wind Cumulative MW Installed by Region: 2000 - 2020
• 3. Key Sources of MW Growth: 2008 - 2011
• 4. Core Assumptions by Region, Global MW Added: 2009 - 2020
• 5. Global Wind MW Added by Region: 2000 - 2020
• 6. Global Wind MW Added, Onshore vs. Offshore: 2000 - 2020
• 7. Global Wind Onshore Cumulative MW Installed by Region: 2000 - 2020
• 8. Global Wind Onshore MW Added by Region: 2000 - 2020
• 9. Europe Wind Onshore Cumulative MW Installed by Country: 2000 - 2020
• 10. Europe Wind Onshore MW Added by Country: 2000 - 2020
• 11. North America Onshore Cumulative MW Installed by Country: 2000 - 2020
• 12. North America Onshore MW Added by Country: 2000 - 2020
• 13. Asia Pacific Wind MW Onshore Cumulative Installed by Country: 2000 - 2020
• 14. Asia Pacific Wind MW Onshore Added by Country: 2000 - 2020
• 15. Rest of World Wind Cumulative MW Installed by Country: 2000 - 2020
• 16. Rest of World Wind MW Added by Country: 2000 - 2020
• 17. Global Wind Offshore Cumulative MW Installed: 2000 - 2020
• 18. Global Wind Offshore MW Added by Region: 2000 - 2020
• 19. Europe Wind MW Offshore Cumulative Installed by Country: 2000 - 2020
• 20. Europe Wind MW Offshore MW Added by Country: 2000 - 2020
• 21. North America Wind MW Offshore Cumulative Installed by Country: 2000 - 2020
• 22. North America Wind MW Offshore MW Added by Country: 2000 - 2020
• 23. Asia Pacific Wind MW Offshore Cumulative Installed by Country: 2000 - 2020
• 24. Asia Pacific Wind MW Offshore Added by Country: 2000 - 2020

III. WIND TURBINE MARKET TRENDS

• 1. Global Wind Penetration by Region: 2009
• 2. Global Average Wind Turbine Size: 2001 - 2008
• 3. Global Annual MW Installed by Rated Turbine Capacity
• 4. Europe Wind Turbine Market Forecast by Turbine Size: 2008 - 2020
• 5. North America Wind Turbine Forecast by Turbine Size: 2008 - 2020
• 6. Asia Pacific Wind Turbine Market Forecast by Turbine Size: 2008 - 2020
• 7. Rest of World Wind Turbine Market Forecast by Turbine Size: 2008 - 2020
• 8. Offshore Wind Turbine Market Forecast by Turbine Size: 2008 - 2020
• 9. Wind Project Cost Breakdown Overview
• 10. Global Turbine Market Size Evolution in US$ Millions: 2005 - 2008
• 11. Indicative Europe Announced Turbine Orders in 2007 - 2008
• 12. Europe Turbine Price Forecast: 2005 - 2015
• 13. US Trends in Average Off - the - Shelf Turbine Pricing: 2004 - 2009 (est.)
• 14. US Wind Turbine Pricing Evolution: 2005 - 2015
• 15. China Turbine Supply Reference Price Points: 2008 (US$/MW)
• 16. China Projected Wind Turbine Pricing Evolution (US$/MW)
• 17. UK Offshore Cost Evolution
• 18. Global Wind Turbine Investment Evolution: 2005 - 2015
• 19. Project Size Installed 2008 Breakdown, Top
• 10 Markets by MW Installed
• 20. Project Size Trends by Region, 2008 Installed
• 21. Offshore Project Trends Overview

IV. COMPETITIVE TRENDS IN WIND TURBINE SUPPLY

• 1. Global Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 2. Europe Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 3. North America Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 4. Asia Pacific Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 5. Latin America Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 6. Africa / Middle East Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 7. Average Size of Turbines Delivered by Top 15 Suppliers: 2001 - 2008
• 8. Total Wind Turbine Units Delivered: 2001 - 2008
• 9. Global Wind Turbine Market Share Under 1.00 MW: 2001 - 2008
• 10. Global Wind Turbine Market Share 1.00 MW to 1.49 MW: 2001 - 2008
• 11. Global Wind Turbine Market Share 1.50 MW to 1.99 MW: 2001 - 2008
• 12. Global Wind Turbine Market Share 2.00 MW to 2.49 MW: 2001 - 2008
• 13. Global Wind Turbine Market Share 2.50 MW to 2.99 MW: 2001 - 2008
• 14. Global Wind Turbine Market Share 3.00 MW and Larger: 2001 - 2008
• 15. Global Offshore Wind Turbine Market Share, MW Delivered: 2001 - 2008
• 16. Technology Offer Overview
• 17. 2008 Turbine Deliveries by Vendor and Turbine Size
• 18. Recent Turbine Rollouts and Projects
• 19. Turbine Offer by Generator Type
• 20. Geared vs. Gearless Turbine Installations: 2001 - 2008
• 21. Multi - Megawatt Turbine Top Head Mass and Nameplate Capacity
• 22. Offshore Wind Turbines on Offer
• 23. Listed Turbine Supplier Share Price Evolution and Order Announcement Impact, 2H 2008 - 2009
• 24. US Orders Slow Dramatically: 1Q 2009
• 25. Summary of Near - Term US OEM Production and Revenue Outlook: 2009
• 26. Europe Orders Halved: 1Q 2008 and 1Q 2009
• 27. Chinese Capture Bulk of Asia Pacific Orders, 1Q 2009 Picking Up for Foreign Entrants
• 28. Major Wind Power Operator Cumulative Procurement Split by Supplier: YE 2008
• 29. Key Frame Agreements of More Than 200 MW: 2008 - 2009
• 30. Order Books Position Global Suppliers Against Entrenched Regional Players
• 31. Wind Turbine Supply Agreement Terms Overview
• 32. Global Turbine Manufacturing Trends Overview by Region
• 33. Top 15 Turbine Suppliers' Manufacturing Presence
• 34. Europe Manufacturing Position
• 35. Major OEM US Manufacturing Investments
• 36. Chinese Wind Turbine Production Facility Locations, Operational and Planned
• 37. Key Component Failure Rates vs. Downtime
• 38. Turbine Supplier O&M Overview

V. WIND TURBINE MANUFACTURER PROFILES

• 1. Vestas Facts and Figures
• 2. Vestas Turbine Deployments by Model and Region, Year - end 2008
• 3. Vestas Global Positioning Overview
• 4. GE Energy Facts and Figures
• 5. GE Wind Installations by Model and Region: 2001 - 2008
• 6. GE Energy Product Overview
• 7. GE Energy 2.5xl Announced Orders
• 8. GE Wind Global Positioning
• 9. Gamesa Facts and Figures
• 10. Gamesa Installations by Model and Region: 2001 - 2008
• 11. Gamesa Global Presence
• 12. Enercon Facts and Figures
• 13. Enercon Installations by Model and Region: 2001 - 2008
• 14. Enercon Global Presence
• 15. Suzlon Facts and Figures
• 16. Suzlon Installations by Model and Region: 2001 - 2008
• 17. Suzlon Global Positioning Overview
• 18. Siemens Wind Power Facts and Figures
• 19. Siemens Installations by Model and Region: 2001 - 2008
• 20. Siemens Wind Power Global Positioning
• 21. Acciona Windpower Facts and Figures
• 22. Acciona Installations by Model and Region: 2001 - 2008
• 23. Acciona Windpower Global Presence
• 24. REpower Facts and Figures
• 25. REpower Installations by Model and Region: 2001 - 2008
• 26. REpower Global Presence
• 27. Goldwind Facts and Figures
• 28. Goldwind Wind Turbines, MW Installation by Year
• 29. Sinovel Facts and Figures
• 30. Nordex Facts and Figures
• 31. Nordex Installations by Model and Region: 2001 - 2008
• 32. Nordex Global Presence
• 33. AAER Facts and Figures
• 34. AAER Wind Turbine Product Offering
• 35. Alstom Ecotecnia Facts and Figures
• 36. Alstom Ecotecnia Installations by Model and Region: 2001 - 2008
• 37. Alstom Ecotecnia Global Presence
• 38. Clipper Windpower Facts and Figures
• 39. Clipper Installations by Model and Region: 2001 - 2008
• 40. Clipper Product Platform
• 41. Clipper Windpower US Positioning
• 42. DeWind Facts and Figures
• 43. DeWind Installations by Model and Region: 2001 - 2008
• 44. DeWind Global Positioning
• 45. Fuhrlander Installations by Model and Region: 2001 - 2008
• 46. IMPSA Wind Overview
• 47. Mitsubishi Facts and Figures
• 48. Mitsubishi Turbine Deployments by Model and Region: Year - end 2008
• 49. Mitsubishi Global Positioning Overview
• 50. Multibrid Offshore Product Overview
• 51. Multibrid Key Contracts
• 52. WinWinD Facts and Figures
• 53. WinWinD Installed Wind Power Base: Yearend 2008
• 54. BARD Engineering Offshore Product Overview
• 55. BARD Engineering Key Contracts
• 56. Kenersys Global Positioning
• 57. Leitwind Installed Turbine Base