Vestas Competitors and Similar CompaniesClear all
Vestas's competitors and similar companies include Siemens Gamesa, Cadeler, Orsted, Titan Wind Energy, Envision Energy, Konсar Steel Structures, Goldwind Science & Technology, Inox Wind, Suzlon Group, Nordex Group and Senvion.
 Vestas Vestas Wind Systems is a company that designs, develops, and manufactures sustainable energy products. |  Cadeler Cadeler (formerly known as Blue Ocean Ships) is a supplier within the offshore wind industry for installation services, operations and maintenance works. |  Envision Energy Envision Energy (远景能源有限公司) is a green technology company that provides renewable energy solutions. |  Konсar Steel Structures Končar Steel Structures (also known as Končar Metalne Konstrukcije) is a company that manufactures industrial machinery and steel alloy structures. |  Goldwind Science & Technology Goldwind Science & Technology (金风科技股份有限公司, formerly Xinjiang Goldwind Science & Technology) is a company that designs and manufactures wind power equipment. |  Nordex Group Nordex Group is a company specializing in the development, manufacture, project management, and servicing of onshore wind turbines. | |||||||
Founding Date | Founding Date 1898 | Founding Date 1976 | Founding Date 2008 | Founding Date 2006 | Founding Date 2005 | Founding Date 2007 | Founding Date 1995 | Founding Date 1998 | Founding Date 2009 | Founding Date 1995 | Founding Date 1985 | Founding Date 2001 |
Type | Type Public | Type Subsidiary | Type Public | Type Public | Type Public | Type Private | Type Subsidiary | Type Public | Type Public | Type Public | Type Public | Type Subsidiary |
Tags | ||||||||||||
Locations | Locations Aarhus, DK HQ Bahía Blanca, AR Buenos Aires, AR Melbourne, AU Vienna, AT Aquiraz, BR Parnamirim, BR see more | Locations Zamudio, ES HQ Buenos Aires, AR Bayswater, AU Macquarie Park, AU Wien, AT Beersel, BE Camaçari, BR see more | Locations Copenhagen, DK HQ Vejle, DK Taipei, TW | Locations Fredericia, DK HQ Copenhagen, DK Hamburg, DE The Hague, NL Taipei, TW London, GB Boston, US see more | Locations Suzhou, CN HQ Varde, DK | Locations Shanghai, CN HQ Melbourne, AU Beijing, CN Jiangyin, CN Nanjing, CN Silkeborg, DK Paris, FR see more | Locations Zagreb, HR HQ | Locations Beijing, CN HQ Sydney, AU São Paulo, BR Wenzhou, CN Wuxi, CN Yancheng, CN Neunkirchen, DE see more | Locations Pune, IN HQ Buenos Aires, AR Burnley, AU Hadžići, BA Shanghai, CN Aarhus, DK Ahmedabad, IN see more | Locations Hamburg, DE HQ Sao Paulo, BR Bogotá, CO Sonder Bjert, DK Helsinki, FI Paris, FR Hamburg, DE see more | Locations Hamburg, DE HQ | |
Employees | Employees 35,1004% increase | Employees 21,751 | Employees 5872% increase | Employees 8,2781% decrease | Employees 1,659 | Employees 1,7533% increase | Employees 3601% increase | Employees 10,651 | Employees 998 | Employees 7,8001% increase | Employees 10,0062% increase | Employees 4981% decrease |
Valuation ($) | Valuation ($) 18.8 b | Valuation ($) N/A | Valuation ($) 2.4 b | Valuation ($) 26.4 b | Valuation ($) 2.2 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 5.8 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 3.6 b | Valuation ($) N/A |
Financial | ||||||||||||
Revenue (est.) | Revenue (est.) €17.3b (FY, 2024) | Revenue (est.) €9.8b (FY, 2022) | Revenue (est.) €248.7m (FY, 2024) | Revenue (est.) kr71b (FY, 2024) | Revenue (est.) ¥7.5b (FY, 2023) | Revenue (est.) ¥23.2b (Y, 2020) | Revenue (est.) €36.3m (FY, 2023) | Revenue (est.) ¥50b (FY, 2023) | Revenue (est.) ₹16.8b (FY, 2024) | Revenue (est.) ₹65b (FY, 2024) | Revenue (est.) €7.3b (FY, 2024) | Revenue (est.) N/A |
Cost of goods | Cost of goods €14.9b (FY, 2024) | Cost of goods €9.1b (FY, 2022) | Cost of goods €35.3m (FY, 2024) | Cost of goods kr34.4b (FY, 2024) | Cost of goods ¥6b (FY, 2023) | Cost of goods N/A | Cost of goods €22.6m (FY, 2023) | Cost of goods ¥41.8b (FY, 2023) | Cost of goods ₹10.9b (FY, 2024) | Cost of goods ₹40.8b (FY, 2024) | Cost of goods €5.8b (FY, 2024) | Cost of goods N/A |
Gross profit | Gross profit €2.4b (FY, 2024) | Gross profit €705.5m (FY, 2022) | Gross profit €215.8m (FY, 2024) | Gross profit kr41.3b (FY, 2024) | Gross profit ¥1.7b (FY, 2023) | Gross profit N/A | Gross profit €13.6m (FY, 2023) | Gross profit ¥8.4b (FY, 2023) | Gross profit ₹6.8b (FY, 2024) | Gross profit ₹24.5b (FY, 2024) | Gross profit €1.5b (FY, 2024) | Gross profit N/A |
Net income | Net income €494m (FY, 2024) | Net income (€939.3m) (FY, 2022) | Net income €65.1m (FY, 2024) | Net income kr16m (FY, 2024) | Net income ¥781.7m (FY, 2023) | Net income N/A | Net income €1.6m (FY, 2023) | Net income ¥1.5b (FY, 2023) | Net income (₹529.1m) (FY, 2024) | Net income ₹6.6b (FY, 2024) | Net income €8.8m (FY, 2024) | Net income N/A |
Operating ⚠ | ||||||||||||
Connected and Installed Capacity, MW | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW 4.7 k (Q3, 2020) | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW 18.8 k (FY, 2020) | Connected and Installed Capacity, MW N/A | Connected and Installed Capacity, MW N/A |
Deliveries, MW | Deliveries, MW 2.8 k (Q2, 2023) | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW N/A | Deliveries, MW 817.1 (FY, 2021) | Deliveries, MW N/A | Deliveries, MW N/A |
Order Book | Order Book N/A | Order Book €33.7b (Q1, 2023) | Order Book N/A | Order Book N/A | Order Book N/A | Order Book N/A | Order Book kn156m (FY, 2021) | Order Book N/A | Order Book N/A | Order Book ₹47.2b (FY, 2021) | Order Book €8.1b (Q2, 2020) | Order Book N/A |
Order Book (Service) | Order Book (Service) N/A | Order Book (Service) €17.4b (Q1, 2023) | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) N/A | Order Book (Service) €2.7b (Q2, 2020) | Order Book (Service) N/A |
Order Intake | Order Intake €2.5b (Q2, 2023) | Order Intake €1.6b (Q1, 2023) | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake €2.1b (Q2, 2020) | Order Intake N/A |
Order Intake (Service) | Order Intake (Service) N/A | Order Intake (Service) €488m (Q1, 2023) | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) N/A | Order Intake (Service) €327.3m (Q2, 2020) | Order Intake (Service) N/A |
Wind Turbines Installed | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed 287 (FY, 2020) | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed N/A | Wind Turbines Installed 12 k (FY, 2021) | Wind Turbines Installed 662 (Q2, 2020) | Wind Turbines Installed N/A |
Wind Turbines Produced | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced 12.5 k (Oct, 2022) | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced N/A | Wind Turbines Produced 787 (Q2, 2020) | Wind Turbines Produced N/A |
Funding | ||||||||||||
Total funding raised | Total funding raised $ 461.4m | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 2b | Total funding raised N/A | Total funding raised $ 75m | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 208.2m | Total funding raised N/A |
For sources of this data, please see the company profile
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