2026年风电国内外景气共振，需求格局迎新机遇！

Group 1: Wind Power Industry Outlook - The domestic onshore wind power installation is expected to reach a new high by 2026, while offshore wind power will continue to grow rapidly, driven by both domestic and overseas markets [4] - The wind power sector is anticipated to experience a favorable market driven by both domestic and international demand [5] - By 2028, the domestic onshore wind power market is projected to reach a value of 1,775 billion, while offshore wind power is expected to reach 352 billion [5] Group 2: Wind Turbine Market - The global wind turbine industry is expected to maintain a growth trend from 2024 to 2028, with domestic onshore wind turbines growing at an average rate of 10% annually and offshore wind turbines at 20% [5] - Profitability for domestic onshore wind turbines is projected to grow at an average rate of 45% annually, with 2026 being a significant growth year [5][6] - The overseas onshore wind turbine market is expected to reach a profit of 19.8 billion by 2028, becoming a crucial support for domestic wind turbine companies [5] Group 3: Pile Industry - The offshore wind power pile market is experiencing a favorable environment for international expansion, with significant opportunities in overseas markets [7][11] - The unit value of offshore wind power piles is expected to remain stable over the next three years, despite cost reductions due to larger equipment and increased value from deep-sea developments [7] - European markets offer higher prices and profits for piles compared to domestic markets due to higher raw material and labor costs [8] Group 4: Submarine Cable Market - The offshore wind power submarine cable industry is entering a golden development period, driven by industry upgrades and growing demand both domestically and internationally [12] - Domestic submarine cable companies are expected to see a clear export trend despite facing some restrictions in Europe, as the supply of submarine cables in Europe remains tight [12] - The profit margin for domestic submarine cables is projected to be higher than that of overseas cables, with a CAGR of 42% from 2024 to 2028, reaching 5.7 billion by 2028 [13] Group 5: Market Dynamics and Key Players - By 2026, domestic wind turbine companies will benefit from improved profitability in the domestic market and increased overseas orders, leading to a dual advantage [6] - The domestic offshore wind power market is expected to add 11-15 GW of new installations in 2026, with a growth rate exceeding 40% [22] - Key companies in the sector include Mingyang Smart Energy, which focuses on offshore and overseas strategies, and Hengtong Optic-Electric, which leads in the global submarine cable market [23]