TPI Composites, Inc. Overview
Pro stress-test →TPI Composites is a manufacturing company focused on composite products for the wind energy market. The company operates factories in the U.S., Mexico, Türkiye and India, positioning itself as a critical supplier to global wind turbine OEMs in the clean energy transition.
Strategic Profile
Pro stress-test →The company works with original equipment manufacturers (OEMs) in the wind markets and has long-term relationships with these customers. TPI Composites has demonstrated strong momentum in OEM orders, with a notable increase of approximately 35% year-over-year, indicating robust demand in the wind energy sector. However, the company faces significant financial headwinds with ongoing profitability challenges.
Competitive Landscape
Pro stress-test →TPI manufactures and sells composite wind blades and related molding systems to OEMs across U.S., Mexico, Europe, Middle East, Africa, and India, while providing field service inspection and repair services. The company competes in a concentrated market dominated by global wind turbine manufacturers and specialized blade suppliers.
Industry Context
TPI Composites, Inc. operates in Wind Energy Equipment Manufacturing / Composite Materials.
Key facts
Founded: 1968 · Headquarters: Scottsdale, Arizona, US · Employees: 11,700 · Revenue: $1.38B · Market cap: $6.19M