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Offshore wind cable market to grow at a CAGR of 16.52% through 2021

Offshore wind cable market to grow at a CAGR of 16.52% through 2021

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.

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Research Beam  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

Research Beam  report, Global Offshore Wind Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

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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.

Key vendors

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

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Other prominent vendors

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

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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Table of Contents

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • Market outline
  • PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
  • PART 06: Market segmentation by product
  • Global offshore wind cable market by product
  • Global offshore wind cable market by export cable
  • Global offshore wind cable market by inter-array cable
  • PART 07: Geographical segmentation
  • Global offshore wind cable market by geography
  • Offshore wind cable market in EMEA
  • Offshore wind cable market in APAC
  • Offshore wind cable market in the Americas
  • PART 08: Decision framework
  • PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
  • PART 10: Market trends
  • Increase in demand for clean power
  • Technological developments
  • Reduction in cost for wind
  • PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors

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