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Vestas 2006 market share down 7 pct pts, but still market leader – research note

Vestas 2006 market share down 7 pct pts, but still market leader – research note

COPENHAGEN (AFX) – Vestas Wind Systems market share for wind turbine generators (WTG) slipped 7 percentage points in 2006, still leaving it with a leading stake of 25 pct, Denmark’s MAKE Consulting said in a research note.

‘Vestas lost around 7 percentage points of its market share in 2006, whereof Siemens took a large part,’ Morten Keller at MAKE Consulting said, adding that there are many ways of calculating market shares and that estimates may differ between analysts.

In 2006, Vestas’ competitors GE, Enercon and Gamesa Eolica had around 15 pct each of the market, while Siemens Wind Power and Suzlon held market shares just below 10 pct each, MAKE Consulting said.

gustav.sandstrom@thomson.com

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