market share analysis of wind energy sector on siemens wind power
DESCRIPTION
In addition, I have used SPSS and WEKA to forecast the close prices of Siemens.TRANSCRIPT
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Contents VIT BUSINESS SCHOOL ..................................................................................................................... 3
1. INTRODUCTION TO RENEWABLE SOURCES OF ENERGY ........................................................................... 4
2. WIND POWER ............................................................................................................................................ 4
3. TOP SUPPLIERS OF WIND TURBINE ........................................................................................................... 5
4. INTRODUCTION TO SIEMENS WIND POWER ............................................................................................ 5
5. WIND POWER SOLUTIONS ........................................................................................................................ 6
5.1 OFFSHORE ........................................................................................................................................... 6
5.2 ONSHORE ............................................................................................................................................ 7
6. PRODUCTS OFFERED ................................................................................................................................. 8
7. MARKET SHARE OF TOP WIND TURBINE SUPPLIERS ................................................................................ 8
8. REVENUE OF THE TOP WIND TURBINE SUPPLIERS ................................................................................... 9
9. NUMBER OF EMPLOYEES ........................................................................................................................ 10
10. SPSS FORECAST ..................................................................................................................................... 11
11. WEKA FORECAST ................................................................................................................................... 11
12. CONCLUSION ......................................................................................................................................... 12
13. REFERENCES……………………………………………………………………………………………………………………..…………12
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VIT Business School:
VIT University was established in 1984 by well-known educationalist and former
parliamentarian, Dr. G. Viswanathan, Founder and Chancellor. Dr. V. Raju, Former
Professor of State University of New York, USA, currently the Vice Chancellor, Dr. Anand
A. Samuel, Pro-Vice Chancellor. Chennai Campus is in Vandalur-Kelambakkam Road.VIT
University has more than 17 Bachelor’s and 32 Masters’ programmes, 29000 (including 1000
foreign students from 44 countries) and 4000 faculty members
Accreditation:
The National Assessment and Accreditation Council (NAAC) of the University Grants
Commission (UGC) has accredited the university with a 'A'.
The Institution of Engineering and Technology (IET), and the Energy Institute, UK have
audited the teaching-learning processes at VIT and accredited the programmes in 2004, with
the highest validity of five years
Programmes at VIT are accredited by the Institution of Engineers, India (IEI).
The Accreditation Board for Engineering and Technology (ABET) of the USA accredited the
Civil, Mech, CSE, biomedical, ECE, EEE programmes.
VIT Business School, under the aegis VIT University has created a niche for itself as an
institution promoting excellence in management education and research with Dr. M J Xavier as
its Executive Director.
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1. INTRODUCTION TO RENEWABLE SOURCES OF ENERGY The idea of drawing our energy from sources that are renewable, are independent of
foreign nations, and do not emit greenhouse gases has powerful appeal. But capturing these
resources is expensive, and many are intermittent, which complicates using them on a large
scale. Learn about renewable sources’ current contributions to our energy supply and their
prospects for our energy future. This energy as electricity plays a very important role in today’s
life.
Without electricity we are denied healthcare, sanitation services, and the social,
educational, economic, scientific, agricultural progress, etc. It comes from many sources. Some
of them are renewable and some of them are non-renewable. Renewable energy is an energy that
comes from resources which are naturally replenished such as sunlight, wind, rain, tides, waves
and geothermal heat.
2. WIND POWER
Wind power is the conversion of wind energy into a useful form of energy, such as
using wind turbines to produce electrical power, windmills for mechanical
power, windpumps for water pumping or drainage, or sails to propel ships. Large wind
farms consist of hundreds of individual wind turbines which are connected to the electric power
transmission network.
For new constructions, onshore wind is an inexpensive source of electricity, competitive
with or in many places cheaper than fossil fuel plants.[1][2]
Offshore wind is steadier and stronger
than on land, and offshore farms have less visual impact, but construction and maintenance costs
are considerably higher. Small onshore wind farms can feed some energy into the grid or provide
electricity to isolated off-grid locations.Maximum availability of the wind turbine system is
secured through the perfect interaction between the various products and systems.
The above figure shows the generation of electricity using wind energy.
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3. TOP SUPPLIERS OF WIND TURBINE
4. INTRODUCTION TO SIEMENS WIND POWER
Siemens Wind Power has set itself a clear goal: to lower the cost of generating one
Kilowatt-hour (kWh) of onshore wind power to less than five euro cents by the end of the
decade. That would put wind power on a par with traditional energy sources. By comparison, a
kilowatt-hour of wind power now costs around seven cents, depending on the location in
question. Siemens also believes the price of electricity produced by offshore facilities needs to be
substantially reduced, since it’s currently around twice as high as the onshore price. The
company’s target is therefore to lower the price to less than ten cents per kWh, which would
make offshore wind power competitive.
“Over the last few decades, the auto industry has optimized vehicle components to such
an extent that they can now be manufactured as cheaply as possible”.
Siemens is the only company that manufacturers blades up to 75 meters long as a single
component. Thanks to this patented Integral Blade Technology, the rotor blades have no seams,
which means there are no weak points. As a result, they can reliably resist wind and weather for
at least 20 years. Following is the logo of Siemens Wind Power.
VESTAS
GOLDWIND
ENERCON
SIEMENS
SUZLON GROUP
GE
GAMESA
UNITED POWER
MINGYANG
NORDEX
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5. WIND POWER SOLUTIONS
5.1. OFFSHORE
Siemens offers unrivaled experience and reliability in offshore wind power. We have a
proven track record in delivering offshore projects, from the world’s first offshore wind farm
more than 20 years ago to the largest offshore wind power plant in operation today. All our
projects deliver high availability. Optimized processes across the entire project life cycle make
us a stable, reliable, and trustworthy business partner. Over the years, our turbines have set the
standard for robustness and reliability. Designed with offshore applications in mind, they feature
a rugged, structurally conservative design, automatic lubrication systems with ample supplies,
climate control of the internal environment, and a simple generator system without slip rings.
These and many other high-quality design features provide exceptional reliability, with long
service intervals. Our turbines are built to last
Siemens G4 Platform
3.6-MW and 4.0-MW geared wind turbines: A powerful evolution of our most popular
offshore turbine, with a great choice of technologies.
Siemens D6 Platform
6.0-MW direct drive wind turbines: The new standard for offshore wind power plants.
Redefining leanness, robustness, and life cycle profitability.
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5.2. ONSHORE
Demand for electricity generated from renewable sources is growing fast, and Siemens
has the answers. We are one of the world’s leading suppliers of onshore wind power solutions.
As one of the market leaders, we combine technological innovations, experience, and expertise
to deliver readily available, one-stop solutions and have a proven track record of successfully
delivering wind power projects on all continents. This makes us a reliable business partner and
preferred supplier for onshore wind power projects around the globe.
Over the years, our wind turbines have set the standard for robustness and reliability.
Designed with the most demanding applications in mind, they combine high-quality components
with a rugged, conservative structure and mechanical systems designed for low maintenance.
Fewer unscheduled services, better serviceability, and well-sourced spare parts reduce
operational costs.
Our onshore wind turbines can help yield substantial capital expenditure savings thanks
to their unparalleled electrical capabilities and superior SCADA flexibility, which can help
reduce interface costs. The unique NetConverter system, a standard feature of all our onshore
wind turbines, allows highly flexible generator operation and can help adapt power output to
different grids.
SIEMENS G2 PLATFORM
2.3-MW geared wind turbines: Reliable technology, tried-and-tested solutions. With rotor
diameters optimized for all wind conditions.
SIEMENS D3 PLATFORM
3-MW direct drive wind turbines: Proven innovation in the field of direct drive
generators. Hundreds of units already installed and in operation.
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6. PRODUCTS OFFERED
Siemens wind power products include 2.3MW turbines with rotor diameters of 82 to
113 m (269 to 371 ft), product codes: SWT-2.3-82; SWT-2.3-93; SWT-2.3-101; SWT-2.3-108;
SWT-2.3-113, as well as 3.0MW turbines with 101m rotors, and 3.6MW turbines with 107 or
120 m (351 or 394 ft) rotors. Product codes SWT-3.0-101; SWT-3.6-107; SWT-3.6-120.
Also turbines of 6MW direct drive design with a 120 to 154 m (394 to 505 ft) rotor, the
design was launched as a product in November 2011. In 2013 Siemens announced a
development of its 3.6MW design, the SWT 4.0-130 which used a rotor of diamter 130m with
4MW rated power.
At the same time the company introduced new product platform codes for its products,
with 'G' indicating geared drive, and 'D' indicating direct drive, suffixed by a number indicating
an approximate power class. The four initial product ranges were Siemens G2, G4, D3 and D6.
7. MARKET SHARE OF TOP WIND TURBINE SUPPLIERS The market share of the top suppliers of wind turbine is analyzed as depicted as a pie
chart which is shown below:
MARKET SHARE
VESTAS
GOLDWIND
ENERCON
SIEMENS
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From the figure, it is shown that
Vestas recaptures the No. 1 position after it lost its leading position to GE in 2012. It
occupies 13.1% of the total market 37.478 MW.
Goldwind ascends from No. 7 to No. 2, by occupying 11% of the total market 37.478
MW.
Enercon moves up one place to No. 3 by relying on the growth of its home market, to
which it supplied nearly half of the turbines installed in 2013 by occupying 9.8% of the
total market 37.478 MW.
Siemens drops one position to global No. 4 in 2013 due to the slump in demand from the
U.S., where it traditionally performs well by occupying 7.4% of the total market 37.478
MW.
8. REVENUE OF THE TOP WIND TURBINE SUPPLIERS The revenue of the top suppliers of wind turbine is analyzed as depicted as a bar chart
which is shown below:
The above bar diagram clearly depicts the revenue for the top wind turbine suppliers in
billion US dollars. Among them Siemens holds the second place by providing a total revenue of
$ 6.87.
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9. NUMBER OF EMPLOYEES The number of employees of the top four wind turbine suppliers is depicted as the pie
chart from the table below:
WIND TURBINE MANUFACTURERS NUMBER OF EMPLOYEES
VESTAS Around 17,778
GOLDWIND 5,000-10,000
ENERCON Around 13,000
SIEMENS Around 7,800
Vestas holds the first position by employing around 17,778 employees. Second place is
occupied by Goldwind by holding 5,000-10,000 employees. Then comes Enercon holding the
third plzce by employing around 13,000 employees. Siemens holds the fourth place by engaging
around 7,800 employees.
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10. SPSS FORECAST
The above graph forecasts the close price of Siemens using the predictors lagvolume and
lagopen from three months data starting from 27th
July, 2014 till 27th
September, 2014. The
accuracy of the graph is 98.2%
11. WEKA FORECAST
The above graph forecasts the demand of market price for Simens using WEKA by
collecting the data for three months starting from July 15th
till September 15th
. I have even
verified the accuracy of the forecasting with the reputed website.
82 84 86 88 90 92 94 96 98
100
Siemens
estimated
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12. CONCLUSION This report explains the market analysis of the top wind turbine suppliers (Global). The
Pie Charts, Bar Charts, Tables, Weka & SPSS forecast depict the values of the market for 2013.
Among the top suppliers, Siemens is specified and compared with the rest in the market for
Market Share, Total Revenue, and Number of employees.
13. REFERENCES www.windpowermonthly.com
www.en.wikipedia.org
www.statista.com
www.energy.siemens.com
www.industry.siemens.com
For Further details Contact: Dr P James Daniel Paul, Professor, VIT- BS, Chennai, [email protected] Tel: +91 44 3993 1040 HP: +91 98402 94590 Jeno Helcy G 14MBA1042 [email protected]
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