Institutional Report: Chinese Companies Dominate the Top Six Global Wind Turbine Manufacturers for the First Time

Shanghai Securities News China Securities Journal Report (Reporter Wang Wenyen) Recently, Bloomberg New Energy Finance released its annual report “2025 Global Wind Turbine Manufacturer Market Share,” which shows that the new global wind power installed capacity in 2025 reached a record high, marking the third consecutive year of record-breaking growth. In 2025, global project developers added a total of 169 GW of wind power capacity, a 38% increase year-over-year. Among them, onshore wind power added 161 GW (95%), and offshore wind power added 8 GW. China’s strong growth in onshore wind power is the main driver of the global wind power expansion in 2025, making China the first market to add over 100 GW of capacity in a single year.

The report ranked the world’s leading wind turbine manufacturers, with Chinese manufacturers taking the top six positions for the first time. Goldwind continued to maintain its position as the world’s largest wind turbine manufacturer, with 29.3 GW of new capacity in 2025; Envision ranked second with 20.9 GW, with nearly a quarter of the new capacity coming from markets outside China; Mingyang Smart and Yunda Holdings followed closely, with Sany Renewable Energy and Dongfang Electric each installing about 13.5 GW, both entering the top six.

Bloomberg New Energy Finance Wind Power Researcher and main author of the report Cristian Dinca said, “Thanks to long-term stable policy support, wind power capacity has increasingly concentrated in China over the past decade. Chinese wind turbine manufacturers have long been ranked first globally. Especially in 2025, they benefited from accelerated project grid connection driven by enterprises and local governments before electricity market reforms, as well as focused efforts to meet the ‘14th Five-Year Plan’ targets.”

In 2025, Chinese wind turbine manufacturers still heavily relied on the domestic market, with 93% of their new capacity installed domestically, down significantly from 99% in 2024, indicating that their overseas expansion strategies are beginning to take effect.

Oliver Metcalfe, Head of Wind Power Research at Bloomberg New Energy Finance, said, “This stage marks the true growth of Chinese manufacturers into global companies, with their overseas grid-connected capacity increasing eightfold over the past year.”

The wind power new installed capacity outside China increased by 17% year-over-year, reaching 43 GW. Since wind power became one of the main energy sources globally, India surpassed the United States and Germany for the first time to become the largest wind power market outside China.

Danish wind turbine manufacturer Vestas continued to be the largest supplier of wind turbines for grid-connected projects outside China, but its overall ranking dropped to seventh place in 2025. This is the first time since Bloomberg New Energy Finance began publishing related market share rankings in 2013 that Vestas has fallen out of the top five.

Siemens Energy’s wind power business in Germany maintained its position as the leading offshore wind market for the second consecutive year, slightly ahead of Chinese manufacturer Goldwind. After three consecutive years of growth, global offshore wind added capacity in 2025 declined by about one-third year-over-year, with only 8.1 GW added. Bloomberg New Energy Finance expects that with delayed projects coming online in 2026 and the advancement of a new batch of large-scale industrial projects in the North Sea, global offshore wind capacity will rebound in 2026.