Recently, the clean energy market research firm Navigant Research, headquartered in Colorado, USA, released a report stating that global wind turbine manufacturing capacity is severely oversupplied. Specifically, the report, titled "Global Wind Supply Chain Assessment 2014," states that in 2014, global demand for wind turbines was less than 47 GW, while wind turbine manufacturing capacity exceeded 71 GW. The report concludes that accelerated technological innovation and more refined production processes have led to more intense competition in the wind power industry.

The aforementioned report analyzes the production capacity of more than 500 wind power equipment component and material suppliers worldwide, concluding that the overall manufacturing capacity of the wind power equipment supply chain is continuously strengthening, and this situation is reshaping the global wind power industry.

The report states that over the past two years, accompanied by further improvement of the wind power equipment industry supply chain, major global wind turbine manufacturers have adopted more flexible and diverse procurement models, which has helped reduce wind turbine manufacturing costs. From a global layout perspective, the decline in wind turbine manufacturing costs has enabled wind power development in more countries and regions. From an industry outlook perspective, the decline in wind turbine manufacturing costs helps ensure returns on wind power investments and attracts more capital into the industry. However, from a broader macroeconomic perspective, the global oversupply of wind power equipment manufacturing capacity gives purchasers more choices and stronger price control capabilities, which will intensify competition between component suppliers and wind turbine manufacturers.