Global Wind Energy Cables Market 2024-2028

Global Wind Energy Cables Market 2024-2028

The wind energy cables market is forecasted to grow by USD 16.58 bn during 2023-2028, accelerating at a CAGR of 30.45% during the forecast period. The report on the wind energy cables market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investment in offshore wind turbines, growing preference for renewable power, and rising requirement to lower carbon emissions.

Technavio's wind energy cables market is segmented as below:

By Application

• Offshore
• Onshore

By End-user

• Utility
• Industrial
• Commercial

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the the adoption of HVDC technology as one of the prime reasons driving the wind energy cables market growth during the next few years. Also, use of advanced materials such as cross-linked polyethylene and high-temperature superconducto and focus on sustainability in wind energy cables will lead to sizable demand in the market.

The report on the wind energy cables market covers the following areas:

• Wind energy cables market sizing
• Wind energy cables market forecast
• Wind energy cables market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind energy cables market vendors that include ABB Ltd., Belden Inc., Deutsche Windtechnik AG, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Co. Ltd., Hengtong Group Co. Ltd., Hydro Group, KEI Industries Ltd., LS Corp., Nexans SA, Ningbo Orient Wires and Cables Co. Ltd., NKT AS, Prysmian Spa, Southwire Co. LLC, Subsea 7 SA, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, and Viohalco S.A.. Also, the wind energy cables market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.