The three major market conditions for wind power have the industry to usher in the peak of integration
Stock Pots, Stainless Steel Stockpot with Lid, China Stock Pots Jiangmen Yuesheng Metal Products Co., Ltd. , https://www.hkbestgain.com
In fact, the current wind power industry already has three major market conditions to accelerate the consolidation of the industry.
First, the growth of the industry slowed down. When the market is in a period of rapid growth, the industry can accommodate many companies with poor texture, and many industry maladies cannot be revealed. After more than 100% market expansion every year in the past five years, the wind power market ushered in a clear turning point this year. According to the latest forecast of CICC, this year's annual increase in installed capacity of wind power in China will increase by 50%, and the growth rate will slow down slightly to 30% in 2011-2012.
Second, the product price is in the bottom area. The data shows that the price of 1.5MW wind turbines was 6,400 yuan/kilowatt in 2008 and 5,300 yuan/kilowatt in 2009. It was reduced to 4,300 yuan/kilowatt this year, and even 4,000 yuan/kilogram or less, and fell to 1/3 in two years. . As far as the current price level is concerned, the actual decline has not been large enough, and it can basically be regarded as a bottom area of ​​the industry price. After all, it is necessary to maintain certain profits to promote the development of the industry.
Third, the degree of industry concentration has further increased. As of 2009, China's top three wind turbine manufacturers, Huarui accounted for 27%, Goldwind Technology accounted for 21%, Dongfang Electric accounted for 16%, only the first three companies accounted for 64% of market share. Such high industry concentration is rare in other industries. The Hunan Power, Shanghai Electric, Mingyang Wind Power and Guodian United Power which are ranked behind have some unique competitiveness and may be squeezed out of the market.
For major component manufacturers, such as gearboxes, motors, blades, electronic control systems, transformers, bearings, etc., those with relatively low technological content and many market participants will be the first to be threatened with survival. In addition, some technology-based companies with insufficient background may be integrated by powerful machine manufacturers.
At present, the wind power industry has gradually introduced the on-grid tariff policy, industry access standards, and the upcoming wind power grid-connected policies. The specifications of the wind power industry have been basically established. In the future, the overall profit level of the wind turbine industry will not be too high. With the decline of the overall industry profit level, controlling costs will become a top priority for wind power manufacturers.