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Global Wind Energy Cables Market 2017-2021

Global Wind Energy Cables Market 2017-2021

About Wind Energy Cables

Wind power accounts for the largest growth in renewable-based energy generation. Growing demand for renewable energy, particularly, wind energy, is expected to spur the demand for the wind energy cables market. Wind energy cables play a key role in transferring the energy generated by wind turbines. Different types of cables are used depending on the application - power transmission and distribution, data transmission, and fiber optic cables.

Technavio’s analysts forecast the global wind energy cables market to grow at a CAGR of 7.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind energy cables market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wind Energy Cables 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
  • General Cable Technologies
  • Nexans
  • NKT Group
  • Prysmian Group
  • Sumitomo Electric Industries
Other prominent vendors
  • Belden
  • Encore Wire
  • Finolex Cables
  • Hangzhou Cable
  • HENGTONG GROUP
  • International Wire Group
  • JDR Cables Systems
  • KEI Industries
  • LS CABLE & SYSTEM
  • Southwire Company
  • TPC Wire and Cable
Market driver
  • Growing demand for power
  • For a full, detailed list, view our report
Market challenge
  • Challenges in laying cables
  • For a full, detailed list, view our report
Market trend
  • Growing need for clean energy
  • 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 Wind Energy Cables Market 2017-2021

Technavio recognizes the following companies as the key players in the global wind energy cables market: General Cable Technologies, Nexans, NKT Group, Prysmian Group, and Sumitomo Electric Industries.

Other Prominent Vendors in the market are: Belden, Encore Wire, Finolex Cables, Hangzhou Cable, HENGTONG GROUP, International Wire Group, JDR Cables Systems, KEI Industries, LS CABLE & SYSTEM, Southwire Company, and TPC Wire and Cable.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing need for clean energy. The need for clean energy is on the rise due to increasing demand for energy owing to continuous population growth across the world. Population growth has led to higher emissions of carbon dioxide and GHGs into the environment due to the burning of fossil fuels and other industrial activities.”

According to the report, one driver in the market is growing demand for power. Global population is growing exponentially and is expected to grow more in the future. This will lead to an increase in the demand for power. The growing need for power can be met with the help of renewables, owing to growing concerns about environmental pollution from fossil fuels. As a result, most countries are shifting their focus to renewable power generation, thereby driving wind power generation. The global wind power market is growing significantly and expanding in all geographic regions. It is expected that by 2020, wind power will contribute significantly to global electricity generation.

Further, the report states that one challenge in the market is challenges in laying cables. The installation and maintenance of wind energy cables are challenging and expensive. The installation of these cables involves various stages; each stage carries a certain amount of risk in it. The selection of the path for cable laying is a crucial initial step as it is expected to sustain for a period of 25-30 years. This proves to be challenging particularly for offshore wind farms as the path selected must not cause any damage to the cable and this leads to unnecessary expenditure to the offshore wind farm companies.

Companies Mentioned

General Cable Technologies, Nexans, NKT Group, Prysmian Group, Sumitomo Electric Industries, Belden, Encore Wire, Finolex Cables, Hangzhou Cable, HENGTONG GROUP, International Wire Group, JDR Cables Systems, KEI Industries, LS CABLE & SYSTEM, Southwire Company, and TPC Wire and Cable.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Onshore and offshore wind warm cabling
      • Table Global wind energy cables market by geography 2016-2021 ($ millions)
  • Market landscape
    • Market overview
      • Table Global wind energy cables market
    • Market size and forecast
      • Table Global wind energy cables market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by wind energy type
    • Market overview
      • Table Global wind energy cables market by type 2016 and 2021 (%)
    • Offshore wind energy segment
      • Table Global offshore wind energy cables market 2016-2021 ($ millions)
      • Table Offshore wind energy – Year-over-year growth
    • Onshore wind energy segment
      • Table Global onshore wind energy cables market 2016-2021 ($ millions)
      • Table Offshore wind energy – Year-over-year growth
  • Regional landscape
    • Geographical segmentation
      • Table Global wind energy cables segmentation by geography: Market share and forecast
    • Regional comparison
      • Table Regional comparison
    • EMEA – market size & forecast
      • Table EMEA– market size & forecast 2016-2021 ($ millions)
      • Table Cumulative wind capacity installations in EMEA 2015-2016 (MW)
      • Table EMEA – Year-over-year growth
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ million)
      • Table APAC – Year-over-year growth
      • Table Cumulative wind capacity installations in APAC 2015-2016 (MW)
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth
      • Table Cumulative installed wind capacity in Americas 2015-2016 (MW)
    • Key leading countries
      • Table Key leading countries based on new installed wind capacity
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table New offshore wind capacity in key leading countries 2016 (MW)
    • Market challenges
  • Market trends
    • Growing need for clean energy
    • Increasing use of HVDC power cables
    • Advances in wire technology
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • General Cable Technologies
      • Table General Cable Technologies: Products and solutions offered
      • Table General Cable Technologies: Wind cable product portfolio
    • Nexans
      • Table Nexans: Business segments and offerings
      • Table Nexans: Products offered for wind farms and wind turbines
    • NKT Group
      • Table NKT Group: Product portfolio
      • Table NKT Group: Wind energy cable product portfolio
    • Prysmian Group
      • Table Prysmian Group: Products and solutions
      • Table Prysmian Group: Wind turbine product portfolio
    • Sumitomo Electric Industries
      • Table Sumitomo Electric Industries: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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