
HVDC/HVAC Power Cable Laying Vessel Market Research Report Information By Power Cable Type (HVDC and HVAC), By Vessel (Cable Laying, Cable Repairing and Cable Laying Barge), By Technology (Dynamic Positioning Systems, ROV-Assisted Cable Laying, Cable Buri
Description
In 2022, the market size of HVDC/HVAC power cable laying vessels was estimated to be USD 1,178.6 million. The HVDC/HVAC Power Cable Laying Vessel Market industry is anticipated to witness a compound annual growth rate (CAGR) of 8.91% from USD 1,246.5 million in 2023 to USD 2,164.7 million by 2032 during the forecast period (2024-2032).
The market for HVDC/HVAC power cable laying vessels is comprised of specialized vessels that are specifically designed to install and repair submarine power cables. These vessels are essential for the connection of remote power sources to onshore grids and for the development of offshore renewable energy initiatives, particularly offshore wind farms. To guarantee the precise and efficient installation of cables, these vessels are outfitted with state-of-the-art technology, including cable handling equipment, dynamic positioning systems, and subsea trenching systems. They are essential for the efficient and dependable transmission of electricity over long distances, both domestically and internationally.
Insights into Market Segmentation
The HVDC/HVAC Power Cable Laying Vessel Market has been segmented into HVDC and HVAC based on the type of power cable.
The market is segmented into Cable Laying, Cable Repairing, and Cable Laying Barge based on the type of vessel.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into four categories based on end use: Dynamic Positioning Systems, ROV-Assisted Cable Laying, Cable Burial & Trenching Technologies, and Rock Cutting.
The market is segmented into five categories: >1000 Tons, 1001-3000 Tons, 3001-5000 Tons, 5001-7000 Tons, and Above 7000 Tons. This classification is based on capacity.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into Shallow Water and Deep Water based on water depth.
The Market is segmented into Oil & Gas, Wind Farms, Interstate, Telecommunication, and Others, based on the end user.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the HVDC/HVAC Power Cable Laying Vessel market, which is segmented by region. During the forecast period, the Asia-Pacific HVDC/HVAC Power Cable Laying Vessel market is anticipated to account for a substantial revenue share and maintain the highest market share. The Asia Pacific region is becoming a significant participant in the HVDC and HVAC power cable laying vessel market, driven by the increasing energy demands, urbanization, and rapid industrialization. Advanced cable laying solutions are required to support the renewable energy projects that countries such as China, Japan, and India are investing extensively in, including offshore wind and solar installations. The demand for specialized vessels is driven by the region's extensive littoral and substantial offshore resources, which present distinctive opportunities for cable laying operations. Furthermore, investments in infrastructure that encompasses HVDC systems are being stimulated by government policies that are designed to improve energy efficiency and decrease dependence on fossil fuel systems.
Key Participants
Prysmian Group, Nexans, NKT A/S, Seway7, Van Oord, Boskalis, Taihan Cable & Solution, Global Marine Group, DeepOcean, ASEAN Cableship, OMS Group Sdn Bhd, ZTT Group, LS Cable & System Ltd., Orient Cable (NBO), and others are among the key companies in the HVDC/HVAC Power Cable Laying Vessel Market.
The market for HVDC/HVAC power cable laying vessels is comprised of specialized vessels that are specifically designed to install and repair submarine power cables. These vessels are essential for the connection of remote power sources to onshore grids and for the development of offshore renewable energy initiatives, particularly offshore wind farms. To guarantee the precise and efficient installation of cables, these vessels are outfitted with state-of-the-art technology, including cable handling equipment, dynamic positioning systems, and subsea trenching systems. They are essential for the efficient and dependable transmission of electricity over long distances, both domestically and internationally.
Insights into Market Segmentation
The HVDC/HVAC Power Cable Laying Vessel Market has been segmented into HVDC and HVAC based on the type of power cable.
The market is segmented into Cable Laying, Cable Repairing, and Cable Laying Barge based on the type of vessel.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into four categories based on end use: Dynamic Positioning Systems, ROV-Assisted Cable Laying, Cable Burial & Trenching Technologies, and Rock Cutting.
The market is segmented into five categories: >1000 Tons, 1001-3000 Tons, 3001-5000 Tons, 5001-7000 Tons, and Above 7000 Tons. This classification is based on capacity.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into Shallow Water and Deep Water based on water depth.
The Market is segmented into Oil & Gas, Wind Farms, Interstate, Telecommunication, and Others, based on the end user.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the HVDC/HVAC Power Cable Laying Vessel market, which is segmented by region. During the forecast period, the Asia-Pacific HVDC/HVAC Power Cable Laying Vessel market is anticipated to account for a substantial revenue share and maintain the highest market share. The Asia Pacific region is becoming a significant participant in the HVDC and HVAC power cable laying vessel market, driven by the increasing energy demands, urbanization, and rapid industrialization. Advanced cable laying solutions are required to support the renewable energy projects that countries such as China, Japan, and India are investing extensively in, including offshore wind and solar installations. The demand for specialized vessels is driven by the region's extensive littoral and substantial offshore resources, which present distinctive opportunities for cable laying operations. Furthermore, investments in infrastructure that encompasses HVDC systems are being stimulated by government policies that are designed to improve energy efficiency and decrease dependence on fossil fuel systems.
Key Participants
Prysmian Group, Nexans, NKT A/S, Seway7, Van Oord, Boskalis, Taihan Cable & Solution, Global Marine Group, DeepOcean, ASEAN Cableship, OMS Group Sdn Bhd, ZTT Group, LS Cable & System Ltd., Orient Cable (NBO), and others are among the key companies in the HVDC/HVAC Power Cable Laying Vessel Market.
Table of Contents
205 Pages
- 1 Executive Summary
- 1.1 Market Attractiveness Analysis
- 1.1.1 Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type
- 1.1.2 Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type
- 1.1.3 Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity
- 1.1.4 Hvdc/Hvac Power Cable Laying Vessel Market, By Technology
- 1.1.5 Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth
- 1.1.6 Hvdc/Hvac Power Cable Laying Vessel Market, By End User
- 1.1.7 Hvdc/Hvac Power Cable Laying Vessel Market, By Region
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Market Structure
- 2.4 Key Implementation Criteria
- 3 Research Methodology
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Growing Demand For Renewable Energy Integration
- 4.2.2 Expanding Offshore Energy Infrastructure
- 4.3 Restraints
- 4.3.1 High Initial Investment Costs
- 4.3.2 Technical Challenges And Operational Risks
- 4.4 Opportunities
- 4.4.1 Government Initiatives And Policy Support In Asia
- 4.4.2 Grid Modernisation
- 5 Market Factor Analysis
- 5.1 Supply/Value Chain Analysis
- 5.2 Porter Five Forces
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Bargaining Power Of Buyers
- 5.2.4 Threat Of Substitutes:
- 5.2.5 Competitive Rivalry
- 5.3 Impact Of Coronavirus Outbreak On The Hvdc/Hvac Power Cable Laying Vessel Market
- 5.3.1 Overview Of Supply And Demand Scenario
- 5.3.2 Impact Of Covid-19 On Supply Chain Analysis
- 6 Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type
- 6.1 Introduction
- 6.2 Hvdc
- 6.3 Hvac
- 7 Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type
- 7.1 Introduction
- 7.2 Cable Laying
- 7.3 Cable Repairing
- 7.4 Cable Laying Barge
- 8 Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity
- 8.1 Introduction
- 8.2 >1000 Tons
- 8.3 1001-3000 Tons
- 8.4 3001-5000 Tons
- 8.5 5001-7000 Tons
- 8.6 Above 7000 Tons
- 9 Hvdc/Hvac Power Cable Laying Vessel Market, By Technology
- 9.1 Introduction
- 9.2 Dynamic Positioning Systems
- 9.3 Rov-assisted Cable Laying
- 9.4 Cable Burial Trenching Technologies
- 9.5 Rock Cutting
- 10 Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth
- 10.1 Introduction
- 10.2 Shallow Water
- 10.3 Deep Water
- 11 Hvdc/Hvac Power Cable Laying Vessel Market, By End User
- 11.1 Introduction
- 11.2 Oil & Gas
- 11.3 Wind Farms
- 11.4 Interstate
- 11.5 Telecommunication
- 11.6 Others
- 12 Hvdc/Hvac Power Cable Laying Vessel Market, By Region
- 12.1 Overview
- 12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
- 12.2.3 Mexico
- 12.3 Europe
- 12.3.1 Germany
- 12.3.2 U.K.
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Spain
- 12.3.6 Russia
- 12.3.7 Rest Of Europe
- 12.4 Asia-pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Singapore
- 12.4.6 Indonesia
- 12.4.7 Philippines
- 12.4.8 Malaysia
- 12.4.9 Thailand
- 12.4.10 Australia
- 12.4.11 Vietnam
- 12.4.12 Rest Of Apac
- 12.5 Mea (Middle East And Africa)
- 12.5.1 Gcc
- 12.5.2 South Africa
- 12.5.3 Romea
- 12.6 South America
- 12.6.1 Brazil
- 12.6.2 Argentina
- 12.6.3 Rola (Rest Of South America)
- 13 Competitive Landscape
- 13.1 Market Share Analysis
- 13.2 Competitive Benchmarking
- 14 Company Profiles
- 14.1 Prysmian Group
- 14.1.1 Company Overview
- 14.1.2 Financial Overview
- 14.1.3 Types And Services
- 14.1.4 Swot Analysis
- 14.1.5 Key Strategies
- 14.2 Nexans
- 14.2.1 Company Overview
- 14.2.2 Financial Overview
- 14.2.3 Types And Services
- 14.2.4 Swot Analysis
- 14.2.5 Key Strategies
- 14.3 Nkt A/S
- 14.3.1 Company Overview
- 14.3.2 Financial Overview
- 14.3.3 Types And Services
- 14.3.4 Swot Analysis
- 14.3.5 Key Strategies
- 14.4 Seway7
- 14.4.1 Company Overview
- 14.4.2 Financial Overview
- 14.4.3 Types And Services
- 14.4.4 Swot Analysis
- 14.4.5 Key Strategies
- 14.5 Van Oord
- 14.5.1 Company Overview
- 14.5.2 Financial Overview
- 14.5.3 Types And Services
- 14.5.4 Swot Analysis
- 14.5.5 Key Strategies
- 14.6 Boskalis
- 14.6.1 Company Overview
- 14.6.2 Financial Overview
- 14.6.3 Types And Services
- 14.6.4 Swot Analysis
- 14.6.5 Key Strategies
- 14.7 Taihan Cable & Solution
- 14.7.1 Company Overview
- 14.7.2 Financial Overview
- 14.7.3 Types And Services
- 14.7.4 Swot Analysis
- 14.7.5 Key Strategies
- 14.8 Global Marine Group
- 14.8.1 Company Overview
- 14.8.2 Financial Overview
- 14.8.3 Types And Services
- 14.8.4 Swot Analysis
- 14.8.5 Key Strategies
- 14.9 Deepocean
- 14.9.1 Company Overview
- 14.9.2 Financial Overview
- 14.9.3 Types And Services
- 14.9.4 Swot Analysis
- 14.9.5 Key Strategies
- 14.10 Asean Cableship
- 14.10.1 Company Overview
- 14.10.2 Financial Overview
- 14.10.3 Types And Services
- 14.10.4 Swot Analysis
- 14.10.5 Key Strategies
- 14.11 Oms Group Sdn Bhd
- 14.11.1 Company Overview
- 14.11.2 Financial Overview
- 14.11.3 Types And Services
- 14.11.4 Swot Analysis
- 14.11.5 Key Strategies
- 14.12 Ztt Group
- 14.12.1 Company Overview
- 14.12.2 Financial Overview
- 14.12.3 Types And Services
- 14.12.4 Swot Analysis
- 14.12.5 Key Strategies
- 14.13 Ls Cable & System Ltd
- 14.13.1 Company Overview
- 14.13.2 Financial Overview
- 14.13.3 Types And Services
- 14.13.4 Swot Analysis
- 14.13.5 Key Strategies
- 14.14 Orient Cable (Nbo)
- 14.14.1 Company Overview
- 14.14.2 Financial Overview
- 14.14.3 Types And Services
- 14.14.4 Swot Analysis
- 14.14.5 Key Strategies
- List Of Tables
- Table 1 Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 2 Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 3 Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 4 Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 5 Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 6 Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- Table 7 Hvdc/Hvac Power Cable Laying Vessel Market, By Region, 2018–2032 (Usd Million)
- Table 8 North America: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2018–2032 (Usd Million)
- Table 9 North America: Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 10 North America Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 11 North America Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 12 North America Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 13 North America Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 14 North America Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- Table 15 Europe: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2018–2032 (Usd Million)
- Table 16 Europe: Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 17 Europe Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 18 Europe Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 19 Europe Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 20 Europe Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 21 Europe Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- Table 22 Asia Pacific: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2018–2032 (Usd Million)
- Table 23 Asia Pacific: Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 24 Asia Pacific Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 25 Asia Pacific Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 26 Asia Pacific Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 27 Asia Pacific Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 28 Asia Pacific Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- Table 29 Mea: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2018–2032 (Usd Million)
- Table 30 Mea: Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 31 Mea Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 32 Mea Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 33 Mea Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 34 Mea Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 35 Mea Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- Table 36 South America: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2018–2032 (Usd Million)
- Table 37 South America: Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2018–2032 (Usd Million)
- Table 38 South America Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2018–2032 (Usd Million)
- Table 39 South America Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2018–2032 (Usd Million)
- Table 40 South America Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2018–2032 (Usd Million)
- Table 41 South America Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2018–2032 (Usd Million)
- Table 42 South America Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2018–2032 (Usd Million)
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Market Attractiveness Analysis: Global Hvdc/Hvac Power Cable Laying Vessel
- Figure 3 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Power Cable Type, % Share, 2023, Market Size, 2018–2032
- Figure 4 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Vessel Type, % Share, 2023, Market Size, 2018–2032
- Figure 5 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Capacity, % Share, 2023, Market Size, 2018–2032
- Figure 6 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Technology, % Share, 2023, Market Size, 2018–2032
- Figure 7 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Water Depth, % Share, 2023, Market Size, 2018–2032
- Figure 8 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By End User, % Share, 2023, Market Size, 2018–2032
- Figure 9 Global Hvdc/Hvac Power Cable Laying Vessel Analysis By Region, 2023
- Figure 10 Hvdc/Hvac Power Cable Laying Vessel Market: Market Structure
- Figure 11 Key Buying Criteria Of Hvdc/Hvac Power Cable Laying Vessel Report
- Figure 12 Bottom-up And Top-down Approaches
- Figure 13 Market Dynamic Analysis Of The Hvdc/Hvac Power Cable Laying Vessel Market
- Figure 14 Supply / Value Chain: Hvdc/Hvac Power Cable Laying Vessel Market
- Figure 15 Hvdc/Hvac Power Cable Laying Vessel Market, By Power Cable Type, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 16 Hvdc/Hvac Power Cable Laying Vessel Market, By Vessel Type, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 17 Hvdc/Hvac Power Cable Laying Vessel Market, By Capacity, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 18 Hvdc/Hvac Power Cable Laying Vessel Market, By Technology, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 19 Hvdc/Hvac Power Cable Laying Vessel Market, By Water Depth, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 20 Hvdc/Hvac Power Cable Laying Vessel Market, By End User, 2023 (% Share), 2024 Vs 2032 (Usd Million)
- Figure 21 North America: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2023 (Revenue % Share)
- Figure 22 Europe: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2023 (Revenue % Share)
- Figure 23 Asia Pacific: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2023 (Revenue % Share)
- Figure 24 Mea: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2023 (Revenue % Share)
- Figure 25 South America: Hvdc/Hvac Power Cable Laying Vessel Market, By Country, 2023 (Revenue % Share)
- Figure 26 Market Share Analysis (2023, %) *
- Figure 27 Hvdc/Hvac Power Cable Laying Vessel Market: Competitive Benchmarking
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.