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Global Offshore Wind Cable Market: Industry Size, Share, Growth, Forecasts

Press Release   •   Aug 31, 2017 00:59 EDT

Latest industry research report on: Global Offshore Wind Cable Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

The power that is generated by an offshore wind turbine is delivered to an offshore substation with the use of power cables. Depending on the power capacity, the power is collected from multiple turbines using an inter-array cable. The power from the substation is transported to the mainland grid using an export cable. Depending on the distance and rating of the project, export cables can be either HVAC or HVDC, whereas inter-array cables use majorly AC.

Technavios analysts forecast the global offshore wind cable market to grow at a CAGR of 16.52% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global offshore wind cable market for 2017-2021. To calculate the market size, the report considers new installations.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Technavio's report, Global Offshore Wind Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • ABB
  • General Cable
  • Nexans
  • NKT
  • Prysmian
  • Sumitomo Electric Industries

Other prominent vendors

  • Able UK
  • Brugg Cables
  • Fujikura
  • JDR Cable Systems
  • LS Cable & System
  • TPC Wire & Cable

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Market driver

Innovations in the wind industry

For a full, detailed list, view our report

Market challenge

Increase in reliability and accidental risk

For a full, detailed list, view our report

Market trend

Increase in demand for clean power

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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