The wind power market - France

The global wind turbine manufacturing market is witnessing significant growth, with a notable shift towards offshore wind energy garnering double-digit growth since 2015. Demand is particularly strong in Asia, which is propelling the market to an expected size of 1,107 GW in 2030 from 273 GW in 2012. France, ranking fourth in Europe, aims to achieve a combined onshore and offshore wind power capacity of 25,000 MW by 2020, with wind energy contributing over 5% to the country's annual electricity consumption. Dominated by key players such as Vestas, General Electric, Siemens, and Gamesa, the market is tough for new entrants, but energy companies like Engie are trying to enter this promising industry. Despite the dominance of onshore wind power, offshore projects are becoming a significant part of the growth in wind power, although they currently represent only 5% of the market..### French Wind Energy Market: Trends and Dynamics The French wind energy market is witnessing significant growth and transformation, propelled by the global shift towards renewable energy sources and the country's commitment to reducing its carbon footprint. France has set ambitious targets, aiming to reach between 15 and 25 gigawatts (GW) of installed onshore wind power capacity and between 5 and 7 GW of offshore wind capacity, culminating in a total installed base exceeding 25 GW. By the year 2030, the global market is expected to expand by more than fourfold, with installed capacity likely to exceed 1,000 GW, a substantial increase from the 273 GW reported in 2012. The expansion of the wind market in France is creating job opportunities and driving the consolidation of the sector. The nation is currently ranked fourth in Europe, trailing behind Germany, Spain, and the United Kingdom. Wind energy contributes to over 5% of the annual French electricity consumption, emphasizing its growing role in the national energy mix. A look at the market leaders reveals that the manufacture of wind turbines is dominated by a few key players, including Vestas, General Electric, Siemens, and Gamesa. These industry giants present significant barriers to entry for new participants. Nonetheless, energy companies like Engie are recognizing the potential in wind power and are attempting to penetrate this lucrative market. Despite representing only a small fraction of the market today, offshore wind energy is rapidly emerging as a vital growth area, exhibiting double-digit expansion since 2015. However, it poses unique technological challenges that demand specialized knowledge and skills from suppliers. Within France, governmental support has bolstered the wind energy sector, with public aid initiatives contributing to the development of new projects. Wind energy's value chain has been well-established across various regions in France, and the evolving business models reflect the operational intricacies of wind farm cost structures. The maintenance and servicing sector also presents opportunities, aligning with the increased focus on sustainability in energy generation. In terms of the regulatory landscape, France has set a framework to govern the establishment and operation of wind turbines within its territories. This tailored regulatory structure ensures that the burgeoning wind energy market thrives in a controlled and environmentally responsible manner. As we move toward a greener future, the French wind energy market stands as a testament to the country's dedication to sustainable development and its pivotal role in the transition towards cleaner energy sources..### Leading Contenders in the Global Wind Turbine Manufacturing Arena The landscape of the wind turbine manufacturing market is characterized by the presence of formidable players, each contributing to an ever-growing sector that harnesses the power of nature to meet our energy needs. In this verdant arena, a few names stand out not only for their market share but also for the technological advancements and the range of services they offer. #### Vestas Wind Systems A/S – The Pioneers in Wind Power Vestas, with its origins rooted in Denmark, has ascended to the apex of the wind energy industry, becoming synonymous with sustainable energy solutions. Recognized universally for its commitment to innovation, Vestas offers a broad spectrum of wind turbines, which are distinguished by their reliability and efficiency. The company's global footprint and extensive service network make it a trusted partner to wind farm developers across the world. #### General Electric – The Versatile Energy Giant American conglomerate General Electric, known for its diversified technology and financial services, has also stamped its authority in the wind energy sector. GE's renewable energy division offers an array of wind turbines complemented by its digital wind farm concept that leverages data analytics to optimize the performance of wind farms. As a stalwart in the industry, GE continues to push the boundaries of wind turbine technology. #### Siemens Gamesa Renewable Energy – The Fusion Powerhouse Emerging from the merger of Siemens Wind Power and Gamesa, Siemens Gamesa Renewable Energy has quickly become a powerhouse in the wind turbine manufacturing market. The company melds robust German engineering with Spanish ingenuity to create some of the most reliable and advanced turbines used both onshore and offshore. With a strong commitment to sustainable energy, Siemens Gamesa is a significant player in propelling the wind energy market forward. #### Engie – From Energy Company to Wind Energy Advocate A relative newcomer to wind turbine manufacturing, Engie, a global energy and services group, is rapidly positioning itself as a growth-oriented actor in this segment. Although traditionally not a manufacturing company, Engie has recognized the potential of wind power as a sustainable energy source and is investing in the development of wind energy solutions, marking its territory in the expanding renewable energy sphere. The rivalry within the wind turbine manufacturing market is intensifying as these titans continue to innovate and expand their global reach. Each company brings a unique offering to the table, from Vestas' specialized turbines to GE's digital prowess and Siemens Gamesa's powerful mergers, not to mention Engie's evolutionary growth from energy provider to renewable advocate

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• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 28/01/2021

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