Europe is facing growing competition in wind power

Significance

It is a successful long-term growth industry, but competition is increasing from Chinese suppliers in both European and external markets. Market mechanisms are squeezing profitability and undermining manufacturers’ investment capacity, which in turn threatens European climate goals.

Impacts

• A weakening of Europe’s wind turbine manufacturers impacts the European wind industry’s entire ecosystem.
• Disparities in steel and epoxy resin prices will have further adverse consequences for European manufacturers’ competitive position.
• Challenges facing Europe’s wind industry reflect industrial competitiveness across many sectors from China and the United States.