Global Offshore Cable Protection System Market Growth (Status and Outlook) 2023-2029

Global Offshore Cable Protection System Market Growth (Status and Outlook) 2023-2029

The offshore cable protection system is usually composed of cast iron and polyurethane materials, and surrounds the outside of the submarine cable of the offshore wind farm to provide physical protection for the cable buried in the transition area between the seabed and the wind turbine foundation.
Usually the length is 10-20 meters, the diameter is 400 mm, and the weight is 1500 kg. It is installed on the cable during the cable installation process and provides continuous cable protection for the entire operating life of the subsea cable.
LPI (LP Information)' newest research report, the “Offshore Cable Protection System Industry Forecast” looks at past sales and reviews total world Offshore Cable Protection System sales in 2022, providing a comprehensive analysis by region and market sector of projected Offshore Cable Protection System sales for 2023 through 2029. With Offshore Cable Protection System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore Cable Protection System industry.
This Insight Report provides a comprehensive analysis of the global Offshore Cable Protection System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Offshore Cable Protection System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Offshore Cable Protection System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore Cable Protection System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore Cable Protection System.
The global Offshore Cable Protection System market size is projected to grow from US$ 104.9 million in 2022 to US$ 189.5 million in 2029; it is expected to grow at a CAGR of 8.8% from 2023 to 2029.
Global core offshore cable protection system manufacturers include Tekmar Energy and Balmoral etc. The Top 2 companies hold a share about 40%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America with the share about 37% and 4%.
This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Cable Protection System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Metal Cable Protection System
Composite Material Cable Protection System
Segmentation by application
Wind Power
Oil and Gas
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tekmar Energy
Balmoral
Trelleborg
FMGC
Lankhorst
VPI
First Subsea
SUBSEA ENERGY SOLUTIONS LTD
PartnerPlast
Supergrip (UK) Ltd

Please note: The report will take approximately 2 business days to prepare and deliver.