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China Wind Power Equipment and Parts Industry Report, 2011-2012

Abstract

The flying capacity expansion of wind power equipment manufacturers in recent years has caused increasingly intense competition; in 2011, Chinese wind power equipment manufacturers witnessed decline in profit to varying degrees.

Among equipment manufacturers, in 2011, Goldwind Science & Technology Co., Ltd. reached net income of RMB607 million, a YoY decline of 73.5%; Sinovel Wind Group's net income dropped 72.8% YoY to RMB776 million. As for wind power equipment parts manufacturers, wind turbine blade maker Sinoma Science & Technology Co., Ltd. realized net income of RMB121 million in 2011, down 31.7% YoY.

Not just Chinese manufacturers, global wind power equipment manufacturers were barely satisfactory in terms of performance for 2011. For example, VESTAS, the world's largest wind power equipment maker, faced net loss of € 166 million in FY2011, the first annual loss since 2005.

Confronted with such a situation, Chinese wind power equipment companies have made strategic adjustments to improve corporate performance, mainly through two ways. First, to transfer from only focusing on equipment installation quantity to increasing R&D investment and supporting the projects with higher gross margin. Sinovel Wind Group, for example, improved R&D investment in large-capacity wind turbine generators; currently, its 3MW, 5MW and 6MW large-capacity units have witnessed a substantially enhanced proportion in the order structure. Second, to actively expand overseas markets.

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China Wind Power Equipment and Parts Industry Report, 2011-2012 mainly covers the following content:

  • Overall development of global wind power industry and major countries such as Germany, Spain, the United States and Denmark;
  • Analysis on China wind power industry policies, market size and offshore wind power development;
  • Overall development of China wind power equipment industry, market structure, import & export, regional development, as well as analysis of leading vendors.
  • China wind power equipment parts industry development and regional development;
  • Development status of wind turbine blade, gear, generator, bearing and convertor, as well as corresponding vendors.

Table of Contents

1. Overview of Global Wind Power Industry

  • 1.1 Development Worldwide
  • 1.2 Development in Major Countries
    • 1.2.1 Germany
    • 1.2.2 Spain
    • 1.2.3 USA
    • 1.2.4 Denmark

2. China Wind Power Industry Policy

  • 2.1 Wind Power Concession Bidding System
  • 2.2 Accreditation & Admission
  • 2.3 Wind Power Equipment Industry Policy
  • 2.4 Development Tendency of Industry Policy

3. Operation of China Wind Power Industry

  • 3.1 Development History of China Wind Power Industry
  • 3.2 Market Scale
  • 3.3 Development of Offshore Wind Power
    • 3.3.1 Global Offshore Wind Power Development
    • 3.3.2 China's Offshore Wind Power Development
    • 3.3.3 Existing Problems
  • 3.4 Operation of Wind Farm
    • 3.4.1 Operating Cost
    • 3.4.2 Construction of Wind Power Base
  • 3.5 Wind Power Grid Integration In China
    • 3.5.1 On-Grid Wind Power Pricing
    • 3.5.2 Factors Restraining Wind Power Grid Integration

4. Wind Power Development in Main Regions of China

  • 4.1 Inner Mongolia
  • 4.2 Hebei
  • 4.3 Gansu
  • 4.4 Liaoning
  • 4.5 Shandong
  • 4.6 Jilin
  • 4.7 Heilongjiang
  • 4.8 Ningxia
  • 4.9 Xinjiang

5. Overview of China's Wind Power Equipment Industry

  • 5.1 Overview
    • 5.1.1 Status Quo
    • 5.1.2 Export
  • 5.2 Regional Development
    • 5.2.1 Tianjin
    • 5.2.2 Xinjiang
    • 5.2.3 Jiangsu
    • 5.2.4 Liaoning
    • 5.2.5 Hebei
    • 5.2.6 Hunan
  • 5.3 Market
    • 5.3.1 Manufacturers
    • 5.3.2 Domestic Manufacturers
    • 5.3.3 Foreign Manufacturers
  • 5.4 Development Trend

6. Key Manufacturers of Wind Turbine Generator

  • 6.1 Xinjiang Goldwind Science & Technology
  • 6.2 Sinovel
  • 6.3 Guodian United Power Technology
  • 6.4 Mywind
  • 6.5 Dongfang Electric Corporation
  • 6.6 Vestas
  • 6.7 Gamesa
  • 6.8 GE Wind Energy

7. Development of Wind Power Equipment Parts Industry in China

  • 7.1 Status Quo
    • 7.1.1 Composition of Wind Turbine Generator
    • 7.1.2 Supporting System
    • 7.1.3 Development of Wind Power Parts Industry
    • 7.1.4 Development Orientation of Wind Power Parts Industry
  • 7.2 Wind Power Blade
    • 7.2.1 Demand & Supply
    • 7.2.2 AVIC Huiteng Windpower Equipment
    • 7.2.3 Sinomatech Wind Power Blade Co., Ltd
    • 7.2.4 Zhuzhou Times New Material Technology
    • 7.2.5 Lianyungang Zhongfu Lianzhong Composites
    • 7.2.6 Tianjin Dongqi Wind Turbine Blade Engineering Co., Ltd
  • 7.3 Gear
    • 7.3.1 Status Quo
    • 7.3.2 Demand & Supply
    • 7.3.3 Nanjing High-Speed & Accurate Gear Group
    • 7.3.4 Chongqing Gearbox
    • 7.3.5 Hangzhou Advance Wind-Power Gearbox
    • 7.3.6 Donly Transmission Equipment
  • 7.4 Generator
    • 7.4.1 Market Overview
    • 7.4.2 XEMC Windpower Co., Ltd.
    • 7.4.3 CSR Zhuzhou Electric Co., Ltd.
    • 7.4.4 Yongji Xinshisu Electric Equipment
  • 7.5 Bearing
    • 7.5.1 Market Overview
    • 7.5.2 TIMKEN XEMC (Hunan) Bearing
    • 7.5.3 SKF
    • 7.5.4 Luoyang LYC Bearing
    • 7.5.5 Tianma Bearing
  • 7.6 Convertor
    • 7.6.1 Market Overview
    • 7.6.2 Harbin Jiuzhou Electric Co., Ltd.
    • 7.6.3 ABB Group
    • 7.6.4 Vacon

Selected Charts

  • Wind Turbine Export of China's Major Wind Power Equipment Manufacturers, 2011
  • Increased Installed Wind Power Capacity Worldwide, 1996-2011
  • Cumulative Installed Wind Power Capacity Worldwide, 1996-2011
  • Top 10 Countries by Increased Installed Wind Power Capacity Worldwide, 2011
  • Top 10 Countries by Cumulative Installed Wind Power Capacity Worldwide, 2011
  • Cumulative Installed Wind Power Capacity in Germany, 2005-2011
  • Cumulative Installed Wind Power Capacity in Spain, 2005-2011
  • Cumulative Installed Wind Power Capacity in USA, 2005-2011
  • Cumulative Installed Wind Power Capacity in Denmark, 2005-2011
  • First Batch of Wind Power Projects to Be Approved in China for the 12th Five-Year Plan
  • Policies on Wind Power Equipment Industry, 2008-2012
  • Incentive Policies for Offshore Wind Power Industry in China
  • Favarable Development of High-power Wind Turbines and Components in China, 2012
  • Favarable Import of High-power Wind Turbines and Components in China, 2012
  • Installed Capacity of Wind Power in China, 2005-2011
  • Increased and Cumulative Installed Capacity of Wind Power by Province/City in China, 2011
  • Top 10 Enterprises by Installed Wind Power Capacity Worldwide, 2011
  • Installed Capacity of Offshore Wind Power in Major Countries, 2009-2010
  • First Batch of Offshore Wind Power Concession Projects in China
  • Product R & D of Major Offshore Wind Power Manafacturers in China
  • Average Investment Cost of Onshore and Offshore Wind Power, 2010
  • Early-Stage Cost Strcuture of Onshore Wind Power Generating in China
  • Early-Stage Cost Strcuture of Offshore Wind Power Generating in China
  • Operating Cost Structure of Onshore Wind Power Generation in China
  • Operating Cost Structure of Offshore Wind Power Generation in China
  • Wind Farms in China, 2008-2011
  • Benchmark Price of Wind Power in China
  • Accumulated Installed Wind Power Capacity in Inner Mongolia, 2006-2011
  • 10GW-Level Wind Power Farms in Inner Mongolia
  • Accumulated Installed Wind Power Capacity in Hebei, 2006-2011
  • Top Five Approved Wind Power Projects in Hebei, Feb. 2012
  • Installed Capacity of Wind Power in Shangyi, Hebei, 2011
  • Accumulated Installed Wind Power Capacity in Gansu, 2006-2011
  • Accumulated Installed Wind Power Capacity in Liaoning, 2006-2011
  • Accumulated Installed Wind Power Capacity in Shandong, 2006-2011
  • Accumulated Installed Wind Power Capacity in Jilin, 2006-2011
  • Accumulated Installed Wind Power Capacity in Heilongjiang, 2006-2011
  • Accumulated Installed Wind Power Capacity inNingxia, 2006-2011
  • Accumulated Installed Wind Power Capacity in Xinjiang, 2006-2011
  • Wind Turbine Prices in China, 2004-2012
  • Export of Chinese Wind Turbine Manufacturers, 2011
  • Operating Revenue and Net Income of Xinjiang Goldwind Science & Technology, 2006-2011
  • Operating Revenue and Gross Margin of Sinovel, 2007-2011
  • Operating Revenue and Gross Margin of Mywind, 2008-2011
  • Business Indices of Dongfang Electric, 2008-2010
  • Output of Wind Turbine of Dongfang Electric, 2007-2011
  • Revenue and Gross Profit Magin of VESTAS, 2006-2011
  • Wind Turbine Delivery of VESTAS as of Jun. 30, 2011
  • Wind Turbine Delivery of VESTAS as of Jun. 30, 2011
  • Offshore Wind Turbine Delivery of VESTAS as of Jun. 30, 2011
  • Sales and Net Income of Gamsa, 2010-2011
  • Sales Breakdown of Gamesa by Area, Q1-Q3, 2010-2011
  • Basic Structure of Wind Turbine
  • Supporting System of Wind Turbine Blade in China
  • Supporting System of Wind Power Gearbox in China
  • Supporting System of Wind Power Generator in China
  • Demand of Wind Turbine Blade in China, 2006-2011
  • Operations of AVIC Huiteng Windpower Equipment, 2011H1
  • Progress of Wind Power Blade Projects of Sinomatech Wind Power Blade
  • Net Income of Sinomatech Wind Power Blade, 2007-2011
  • Operating Performance of Zhuzhou Times New Material Technology, 2011
  • Wind Power Blade Products of Zhongfu Lianzhong Composites
  • Demand of Wind Power Gearbox in China, 2005-2015
  • Capacity and Planning of Wind Power Gear Manufacturers in China, 2011
  • Revenue of Wind Power Gear of Nanjing High-Speed & Accurate Gear Group, 2009-2011
  • Revenue of Hangzhou Advance Wind-Power Gearbox, 2009-2011
  • Revenue of Wind Power Gear of Donly Transmission Equipment, 2011-2013
  • Equipment of Bearings in a Wind Turbine
  • Operaring Revenue of Tianma Bearing, 2005-2011
  • Demand of Wind Power Converter in China, 2006-2011
  • Market Share of VFD in China
  • Market Share of Wind Turbine Manufacturers in China by Stockpile
  • Wind Power Converter Suppliers of Major Wind Turbine Manufacturers in China
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