Global Subsea Cables for Offshore Wind Market Growth 2024-2030

Global Subsea Cables for Offshore Wind Market Growth 2024-2030

Subsea Cables for Offshore Wind are high-voltage or ultra-high-voltage power cables that usually consist of three components: conductor, insulation and protective layer. The conductor is used to transmit electricity, the insulation layer is used to protect the conductor from electric shock and mechanical damage, and the protective layer is used to protect the cable from seawater corrosion and other environmental factors.

The global Subsea Cables for Offshore Wind market size is projected to grow from US$ 315 million in 2023 to US$ 467.7 million in 2030; it is expected to grow at a CAGR of 5.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Subsea Cables for Offshore Wind Industry Forecast” looks at past sales and reviews total world Subsea Cables for Offshore Wind sales in 2023, providing a comprehensive analysis by region and market sector of projected Subsea Cables for Offshore Wind sales for 2024 through 2030. With Subsea Cables for Offshore Wind sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Subsea Cables for Offshore Wind industry.

This Insight Report provides a comprehensive analysis of the global Subsea Cables for Offshore Wind 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 Subsea Cables for Offshore Wind portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Subsea Cables for Offshore Wind market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Subsea Cables for Offshore Wind 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 Subsea Cables for Offshore Wind.

With the continuous development of flexible DC submarine cable technology, its application in the offshore wind power field will gradually increase in the future. Flexible Subsea Cables for Offshore Wind have higher transmission efficiency, longer transmission distance and higher voltage levels, and can better meet the needs of offshore wind farms.

This report presents a comprehensive overview, market shares, and growth opportunities of Subsea Cables for Offshore Wind market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Single Core Cable
Multicore Cable

Segmentation by application
Fixed Wind Turbines (Shallower Waters)
Floating Wind Turbines (Deeper Waters)

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.
ABB
DNV
Furukawa Electric
Hanhe Cable
Hellenic Cables
HENGTONG
JDR Cable Systems
LS Cable
Nexans
ZTT
NKT Cable
Orient Cable
Prysmian
SEI

Key Questions Addressed in this Report

What is the 10-year outlook for the global Subsea Cables for Offshore Wind market?

What factors are driving Subsea Cables for Offshore Wind market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Subsea Cables for Offshore Wind market opportunities vary by end market size?

How does Subsea Cables for Offshore Wind break out type, application?

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