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Global Offshore Wind Cable Market 2017-2021

About Offshore Wind Cable

The power that is generated by an offshore wind turbine is delivered to an offshore substation with the use of power cables. Depending on the power capacity, the power is collected from multiple turbines using an inter-array cable. The power from the substation is transported to the mainland grid using an export cable. Depending on the distance and rating of the project, export cables can be either HVAC or HVDC, whereas inter-array cables use majorly AC.

Technavio’s analysts forecast the global offshore wind cable market to grow at a CAGR of 16.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global offshore wind cable market for 2017-2021. To calculate the market size, the report considers new installations.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Offshore Wind Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • General Cable
  • Nexans
  • NKT
  • Prysmian
  • Sumitomo Electric Industries
Other prominent vendors
  • Able UK
  • Brugg Cables
  • Fujikura
  • JDR Cable Systems
  • LEONI
  • LS Cable & System
  • PARKER HANNIFIN
  • TPC Wire & Cable
Market driver
  • Innovations in the wind industry
  • For a full, detailed list, view our report
Market challenge
  • Increase in reliability and accidental risk
  • For a full, detailed list, view our report
Market trend
  • Increase in demand for clean power
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Offshore Wind Cable Market 2017-2021

Technavio recognizes the following companies as the key players in the global offshore wind cable market: ABB, General Cable, Nexans, NKT, Prysmian, and Sumitomo Electric Industries.

Other Prominent Vendors in the market are: Able UK, Brugg Cables, Fujikura, JDR Cable Systems, LEONI, LS Cable & System, PARKER HANNIFIN, and TPC Wire & Cable.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in demand for clean power. Power demand is constantly increasing across the globe. Furthermore, growth in population and global economy is expected to drive this trend in the future as well. Rising population growth and increasing economic development would require considerable amounts of power.”

According to the report, one driver in the market is innovations in the wind industry. Over the past 15 years, offshore wind power generation has grown from a novel technology to one of the competitive alternative power generation source helping in fighting climate change. In 2001, there were only two countries that had commercial offshore wind power generation, and as of 2016, there were more than 15 countries with offshore wind installed capacity. Similarly, in 1991, offshore turbine rated capacity was 0.5 MW, whereas now the average turbine installed is 4.5 MW. Higher wind speed and larger turbine capacity have made it possible for offshore projects to generate equivalent amount of electricity of onshore projects with fewer turbines.

Further, the report states that one challenge in the market is increase in reliability and accidental risk. To have a reliable and functional offshore wind farm, cables must be installed, manufactured, and protected from accidents. The protective covering over the cables offers good mechanical protection, and at the same time, these protective coverings will not interact chemically with the salt water. To minimize the risk, offshore wind cables are buried in the seabed. Even though these cables are laid under the seabed, accidents and malfunction happen. Accidents can happen in any form such as getting hooked by anchor or even fishing trawlers, thereby causing mechanical failure.

Companies Mentioned

ABB, General Cable, Nexans, NKT, Prysmian, Sumitomo Electric Industries, Able UK, Brugg Cables, Fujikura, JDR Cable Systems, LEONI, LS Cable & System, PARKER HANNIFIN, and TPC Wire & Cable.

  • Executive Summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Wind turbine components
      • Table Estimated offshore wind power system capital cost 2016 (%)
  • Market landscape
    • Market overview
      • Table Global offshore wind cable market
    • Market size and forecast
      • Table Global offshore wind cable market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global offshore wind cable market by product
      • Table Global offshore wind cable market by product 2016 and 2021 (%)
      • Table Global offshore wind cable market by product 2016-2021 ($ millions)
    • Global offshore wind cable market by export cable
      • Table Global offshore wind cable market by export cable 2016-2021 ($ millions)
      • Table Wind farm and its components
      • Table Wind farm size in the future
    • Global offshore wind cable market by inter-array cable
      • Table Global offshore wind cable market by inter-array cable 2016-2021 ($ millions)
      • Table Comparison of 33 kV and 66 kV inter-array cables
  • Geographical segmentation
    • Global offshore wind cable market by geography
      • Table Global offshore wind cable market by geography 2016 and 2021 (%)
      • Table Global offshore wind cable market by geography 2016-2021 ($ millions)
    • Offshore wind cable market in EMEA
      • Table Offshore wind cable market in EMEA 2016-2021 ($ millions)
      • Table Germany wind power capacity 2010-2016 (MW)
      • Table UK wind power capacity 2010-2016 (MW)
    • Offshore wind cable market in APAC
      • Table Offshore wind cable market in APAC 2016-2021 ($ millions)
    • Offshore wind cable market in the Americas
      • Table Offshore wind cable market in the Americas 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global cumulative offshore wind installation capacity 2006-2016 (MW)
      • Table Importance of subsea power cables in offshore renewable energy
      • Table Developments in the offshore wind industry
      • Table Average distance of wind farm from the shore (1991-2016)
    • Market challenges
      • Table Onshore and offshore wind generation cost comparison ($ per MWh)
      • Table Series of actions for laying offshore wind cables
  • Market trends
    • Increase in demand for clean power
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table New wind installation targets by 2020 (GW)
    • Technological developments
      • Table Global cumulative offshore patents 2000-2013
      • Table Offshore patent application areas 2001-2015 (%)
    • Reduction in cost for wind
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
    • General Cable
      • Table NSW cables for offshore industry
    • Nexans
    • NKT
      • Table NKT: Offshore cables
    • Prysmian
    • Sumitomo Electric Industries
  • Appendix
    • List of abbreviations
  • Explore Technavio

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