Exclusive extracts from this 117-page-long report:
- What is the business?
This report focuses on power generation equipment for renewable energy sources. Solar (PV and CSP), wind (onshore and offshore), hydro, geothermal, solar heat, ocean energy and biomass are the main sources of renewable energy. This report deals with the first three categories (wind, solar and hydro energy). […]
- What are the main markets?
While driven by similar trends, the hydro, solar and wind equipment markets differ substantially in terms of growth, revenues and competition. Hydropower equipment is a mature and oligopolistic market, while the markets for solar and wind power equipment are much more fragmented, competitive and prone to rapid technological change. Each segment is targeted by pure-players, but large, diversified industrial groups have also joined the competition. [...]
- Who are the key players?
The solar market has historically attracted a range of players, including electric utilities and oil and gas companies, lured in by its strong growth potential and more accessible technology. However, increased price competition in solar markets means economies of scale have become vital to survival. Not only does large manufacturing scale allow cost-savings, but the greater a group's installed base, the greater potential for subsequent service contracts. [...]
- How intense is competition?
Rivalry in the hydropower equipment market is moderate. The market is mature, with little new build project activity and the majority of activity focused on operations and maintenance. The market is concentrated, with a handful of players – GE (US), Andritz (Austria), Voith (Ger) – accounting for the majority of the global market and competing for a limited number of utilities which run large scale hydroelectric plants. Small hydro is also a very competitive market with a wider customer base. The onshore wind playing field is broader, with a range of manufacturers competing on the market. Fewer players offer more technologically-complex offshore wind farms. [...]