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Competitor Analysis

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Competitor Analysis

As there is a high bargaining power among the suppliers of wind turbines, there is an intense competition between existing domestic and international companies against the Windstream industry. The major companies that are threat to Windstream industry are Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Doosan Heavy Industries & Construction, Hanjin Industries and the STX Group. (Anne Mclvor, 2011)
Hyundai Heavy Industries
Hyundai is a major manufacture of the turbines and generates 1.65MW, 2MW and 2.5MW turbines. It builds its first farm with the collaboration with Hyosung in 2009 and currently manufacturing turbines to the wind farms in Wisconsin.
Daewoo Shipbuilding & Marine Engineering (DSME)
DSME is a shipbuilding company which enters to the wind sector and aiming to become world’s third largest production of wind energy equipment by 2020 and also planning to spread their business in USA.
Doosan Heavy Industries & Construction
Doosan started developing 3MW offshore wind turbines in 2006 and planning to develop more offshore projects.
Hanjin Industries
Hanjin Industries are the first company to produce 1.5MW wind turbine in Korea.
(Heechan, K 2010)

The level of competition among the companies against the Windstream is very aggressive. These private sector companies are seeking multilateral approach to acquire most modern technologies for the manufacture of the wind turbines and also getting financial aids from banks like World Bank and ADB to expand their business. Moreover, these companies also eyeing on foreign market such as USA and China, which dominant in wind energy sector and also have plans to export to Australia and South America which is developing at the moment. This has proven to be a major threat to Windstream industry as the competition is very tough.
Even though the

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