Siemens aspires to gain 30 % of wind turbine market

"We would very much like to reach a market share of around 30 percent," Siemens divisional director Martin Jorgensen told Reuters at a wind industry conference in Copenhagen on Thursday. The German company entered the wind market in October when it bought Danish wind turbine maker Bonus. Through its ownership of Bonus, Siemens currently only has a modest 6.6 percent market share, but has made it clear it will not make do with that level for long.

"We have entered into this arena in order to become either number one or number two," Jorgensen said. "We have a growth plan that involves doubling our revenues before too long." At the end of 2003, Vestas commanded a 32 percent share and has said it plans to raise that to 35 percent. US giant General Electric has 18 percent of the global market, Germany's Enercon commands a 15 percent share while Spain's Gamesa has 11.5 percent.