The wind turbine market - France (2023)

The global wind energy market has been witnessing moderate growth with an estimated value of 44.7 billion in 2017 and an expected average annual growth of 1.3%. Market concentration is high, with four manufacturers controlling over 50% of the market and 15 companies accounting for 90.8%. Noteworthy is that Wind turbine manufacturers like Vestas and Siemens Gamesa have significant revenues of 10.1 billion € and 9.1 billion €, respectively. The market is expected to see the continued dominance of onshore wind power, particularly in countries rich in wind resources such as China, the United States, Germany, and the United Kingdom—countries that collectively installed 65.1% of new wind farms in 2018. France's wind turbine market was valued at 1.3 billion euros in 2016, with onshore wind energy making up 95% of the total market share. Digitalization and improved turbine efficiency are expected to be major growth drivers, optimizing grid integration and reducing costs. The sector is highly regulated, with installation processes, operational standards, and environmental considerations strictly overseen by state policies, including purchase pricing by state utilities like EDF. Multi-annual energy programs target a 40% increase in the share of electric renewable energy by 2023, aiming for 24.6 GW of onshore and 2.4 GW of offshore wind energy capacity..Title: French Wind Energy Market: Navigating Through Growth and Challenges The French wind energy market has seen substantial growth, with the sector experiencing dynamic expansion particularly since 2014. This market has been fostered by both political commitment and economic interest, with renewable energies considered a viable alternative to fossil fuels. With the implementation of multiannual energy programs that set targets for 2023 and 2028, the country has shown a clear determination to increase its renewable energy footprint, aiming to boost the share of electrical renewable energies by 40% between 2015 and 2023. The demand for wind energy in France is underpinned by an array of onshore wind turbines, which account for the overwhelming majority of installations. Offshore wind farms, although not as prominent, are set to receive increased attention given the government’s objectives. Notably, the wind market here is responsible for more than 17,000 direct and indirect jobs and encompasses over 1,000 companies, indicating its significant contribution to the economy. The mainstay of the market's structure is the dominance of onshore wind energy, with pivotal regions such as Hauts-de-France and the Grand Est being hotspots for wind turbine installations. These installations reflect a marked inclination towards securing sustainable sources of energy and a drive towards reaching the set targets of 24.6 GW by 2023 and 34.1 GW by 2028 for onshore wind power. The market also reveals a pattern of concentration among operators, with a few big energy companies such as Engie, EDF, and Boralex leading in wind farm operation. Investment in wind energy infrastructure is a significant focus for these operators, reflecting the industry's need for continuous development and upgradation. This concentration trend is reinforced by mergers and acquisitions aimed at achieving profitability as the sector contends with cost pressures. On the technological front, wind turbines have been evolving, with a pivot towards digitalization and increased efficiency. This evolution involves optimizing energy production and integrating wind power more seamlessly into the electricity grid – a factor that could be catalyzed by the utilization of energy storage solutions. Innovations in design, modularity, and standardization of components are pivotal strategies that manufacturers are employing to remain competitive and meet burgeoning energy demands. Regulations in the French market are stringent and methodical, with environmental authorizations and technical decrees being baseline requirements for installations. The sector enjoys support from the state in the form of subsidies, with operators benefitting from premiums that cover the price differential between the purchasing and market resale value.### Key Players Shaping the Wind Energy Sector Landscape The wind energy industry comprises a diverse range of companies, each playing a crucial role in the advancement and proliferation of wind power solutions across the globe. Here, we spotlight some of the key players who stand out in the market due to their significant contributions and strategic positions. **Vestas**: As a trailblazer in wind turbine manufacturing, Vestas has established itself as a global leader dedicated to harnessing the power of wind. With a robust portfolio of products and services, Vestas not only designs innovative wind turbines that push the boundaries of technology but also offers comprehensive solutions encompassing installation and dismantling, underscoring their commitment to renewable energies. **Siemens Gamesa**: Born from the union of two powerhouses in energy, Siemens Gamesa represents a fusion of engineering prowess and visionary environmental commitment. Pioneering some of the most efficient and reliable wind turbines in the market, they emphasize smart grids while keeping an eye on the emergence of new trends, influencing the evolution of the industry. **Goldwind**: Emergent from China, Goldwind is a testament to the country's escalating role in renewable energy. As a prominent manufacturer of wind turbines, Goldwind is dedicated to excellence in innovation, providing sustainable energy solutions while driving the wind power revolution in Asia and beyond. **GE Renewable Energy**: As a subdivision of the larger General Electric conglomerate, GE Renewable Energy harnesses the capabilities and extensive research and development to propel forward in the renewable energy space. Their expertise in manufacturing advanced wind turbines and renewable infrastructure exemplifies their dedication to a greener future. **Enercon**: Operating primarily out of Germany, Enercon has left an indelible mark on the wind energy industry through its distinctive wind turbine designs and solutions. With a keen focus on sustainability and eco-friendliness, Enercon continues to drive innovation and efficiency in wind energy generation. **Suzlon**: Hailing from India, Suzlon has grown into a global force in renewable energy, specializing in the development and production of wind turbine systems. Their holistic approach encompasses the full lifecycle of wind energy projects, demonstrating their commitment to sustainable development. **Senvion**: Although smaller in comparison, Senvion stands tall with its targeted and efficient solutions in the wind energy sector. The company's focus on technical innovation and responsive service offerings positions it as a competitive player on the global stage. When it comes to wind farm operations, companies like **Engie** and **EDF** represent titans in the energy sector.

Inforamtion

• Number of pages : ~ 40 pages
• Format : Digital and PDF versions
• Last update : 01/09/2023

Summary and extracts

List of charts presented in this market study

• Marché mondial des turbines éoliennes
• Principaux fabricants de turbines éoliennes
• Évolution des nouvelles installations d'éoliennes
• Nouvelles installations d'éoliennes
• Répartition des revenus de la fabrication de composants d'éoliennes
• Puissance des installations éoliennes par région
• Principaux producteurs d'électricité éolienne
• Chiffres d'affaires et investissements des exploitants d'éoliennes
• Parts de marché des capacités éoliennes installées en 2015
• Décomposition des investissements pour l'achat d'une éolienne