The offshore wind cable market size has the potential to grow by $ 655.89 mn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (export cable and inter-array cable) and geography (Europe, APAC, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Offshore Wind Cable Market
Market Competitive Analysis
The market is fragmented. ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd. are some of the major market participants. Factors such as growing offshore renewable energy installations will offer immense growth opportunities. However, higher investments needed in offshore projects may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this offshore wind cable market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this offshore wind cable market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Brugg Kabel AG
- Hellenic Cables SA
- Jiangsu Zhongtian Technology Co. Ltd.
- Leoni AG
- Nexans SA
- NKT AS
- Parker Hannifin Corp.
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
Offshore Wind Cable Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Europe will offer several growth opportunities to market vendors during the forecast period. The will significantly influence offshore wind cable market's growth in this region.
75% of the market’s growth will originate from Europe during the forecast period. UK, Germany, and France are the key markets for the offshore wind cable market in Europe. This report provides an accurate prediction of the contribution of all segments to the growth of the offshore wind cable market size.
Offshore Wind Cable Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will offshore wind cable market growth during the next five years
- Precise estimation of the offshore wind cable market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the offshore wind cable industry across Europe, APAC, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of offshore wind cable market vendors
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Offshore Wind Cable Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2020-2024 |
$ 655.89 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.60 |
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Regional analysis |
Europe, APAC, North America, MEA, and South America |
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Performing market contribution |
Europe at 75% |
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Key consumer countries |
UK, Germany, France, The Netherlands, and China |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |