Offshore Wind Cable Market, By Technology, Conductor, 2019 – 2025

Offshore wind cable market has been witnessing increased deployment of copper cables across sea-based energy generation projects like offshore wind farms and tidal energy generation.

Selbyville, United States - October 7, 2019 /MarketersMedia/ —

The offshore wind cable market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Rising electricity consumption across developing nations coupled with considerable government efforts to minimize harmful greenhouse gas emissions will enhance the offshore wind cable market. In addition, limited human interventions with reduced land utilization and low maintenance will augment the product adoption. Furthermore, rising technological enhancements to reduce component cost is anticipated to stimulate the business landscape.

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• Base Year:2018
• Historical Data for:2014 to 2018
• Forecast Period:2019 to 2025
• Pages: 170 Tables, Charts & Figures: 332
• Geographies covered (15):U.S., Canada, UK, Germany, Denmark, France, Netherlands, Belgium, Norway, China, India, Japan, South Korea, Vietnam, Taiwan
• Segments covered:Technology, Conductor Material and Region
• Companies covered (15): Nexans, Prysmian Group, NKT, ZTT, LS Cable & System, Sumitomo Electric Industries, Ltd., Furukawa Electric, Fujikura Limited, Cablel Hellenic Cables Group, Ningbo Orient Wires & Cables Co, Hydro Group, Hengtong Marine Cable Systems, Parker Hannifin Corporation, Leoni Group, JDR Cable

Increasing concern to efficiently transmit electricity over long distance will positively influence the export offshore wind cable installation in the coming years. In addition. growing research and development (R&D) activities to improve the durability and current carrying capacity will further drive the industry scenario.

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Advanced forecasting technologies, smart monitoring system, and introduction of high capacity transmission devices are some of the key factors which will significantly stimulate the industry share. Moreover, surging investments towards the establishment of advanced production facilities along with growing high capacity transmission systems will drive the product outlook.

Easy installation & handling with versatile product configuration in comparison to copper wires are few major parameters augmenting the aluminum offshore wind cable market. In addition, surging investments to establish high voltage networks for long distance transmission of electricity will propel the industry landscape.

Asia pacific region will witness considerable upsurge owing abundant wind potential with favorable regulatory frameworks. Furthermore, surging industry efforts to attain economies of scale in line with increasing assistance from various financial institutes comprising IFC, and WB will drive the business scenario. In March 2019, International Finance Corporation and World Bank announced a program to accelerate the installation of offshore wind farms across the emerging countries.

11 kV to 36 kV based inter-array installation is expected to witness growth on the account of growing efforts toward the reduction in repair and maintenance cost. In addition, rising integration of smart control systems to minimize lead time and losses by accurate detection of failure location will further complement the business outlook.

Increasing consumer awareness about environmental degradation along with rising federal efforts to grid integrate various clean energy sources will augment the U.S. offshore wind cable market. For instance, in December 2016, first commercial offshore windfarm across the U.S. was commissioned with the capacity of 30 MW capacity including 34.5 kV bidirectional Block Island transmission network for 35 km.

Key industry participants operating in the offshore wind cable market comprise JDR Cable, ZTT International, Prysmian, Sumitomo Electric, Nexans, Furukawa Electric, NKT, Ningbo Wires and Cables, LS Cable & Systems, and Cablel group among others. Effective inorganic growth ventures through merger and acquisition along with surging investments to enhance the manufacturing capabilities are some of the key strategic measures opted by the industry participants across the globe.

Partial Table of Contents (ToC) of the report:

Chapter 4 Offshore Wind Cable Market, By Technology

4.1 Offshore wind cable market share by technology, 2018 & 2025
4.2 Inter-array
4.2.1 Global market from Inter-array, 2014 - 2025
4.2.2 Global market from Inter-array, by region, 2014 – 2025
4.2.3 11kV to 36kV
4.2.3.1 Global market from 11kV to 36kV, 2014 - 2025
4.2.3.2 Global market from 11kV to 36kV, by region, 2014 – 2025
4.2.4 37kV to 66kV
4.2.4.1 Global market from 37kV to 66kV, 2014 - 2025
4.2.4.2 Global market from 37kV to 66kV, by region, 2014 – 2025
4.3 Export
4.3.1 Global market from Export, 2014 - 2025
4.3.2 Global market from Export, by region, 2014 – 2025

Chapter 5 Offshore Wind Cable Market, By Conductor Material
5.1 Offshore wind cable market share by conductor material, 2018 & 2025
5.2 Aluminum
5.2.1 Global market from Aluminum, 2014 - 2025
5.2.2 Global market from Aluminum, by region, 2014 – 2025
5.3 Copper
5.3.1 Global market from Copper, 2014 - 2025
5.3.2 Global market from Copper, by region, 2014 – 2025

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