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Asia Pacific Export Offshore Wind Cable Market Share

Report ID: GMI9532
Published Date: May 2024
Report Format: PDF

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Asia Pacific Export Offshore Wind Cable Market Share

Asia Pacific Export Offshore Wind Cable Company Market Share

Eminent players are expanding their manufacturing capacities in strategic locations by establishing or enhancing production facilities closer to offshore wind project sites to meet the increasing product demand. Companies are also investing in research and development (R&D) activities to enhance the performance, reliability, and efficiency of export offshore wind cables. Additionally, key players are exploring opportunities by establishing local subsidiaries, offices, or distribution channels in target markets, aiming to strengthen customer relationships, improve service delivery, and gain insights into regional market dynamics and regulatory environments.

Asia Pacific Export Offshore Wind Cable Market Companies

Eminent players operating in the Asia Pacific export offshore wind cable industry are:

Axess Group
Aker Solution
First Subsea
FURUKAWA ELECTRIC CO., LTD
Hydro Group
HENGTONG GROUP CO., LTD.
Hellenic Cables
Jan De Nul
LS Cable & System Ltd.
NKT A/S
Orsted A/S
Seaway7
Vattenfall
Van Oord
ZTT

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for export offshore wind cable was reached USD 1.03 billion in 2023 and is anticipated to grow at 26.2% CAGR up to 2032, owing to the growing offshore wind capacity.

The copper segment in the Asia Pacific export offshore wind cable market will grow at 25.5% CAGR from 2024 to 2032 due to high electrical conductivity coupled with exceptional mechanical strength and durability.

China export offshore wind cable market will exceed USD 4.3 billion by 2032, attributed to rising government support towards promoting the development of offshore wind energy.

HENGTONG GROUP CO., LTD., Hellenic Cables, Jan De Nul, LS Cable & System Ltd., NKT A/S, Ørsted A/S, Seaway7, Vattenfall, Van Oord, and ZTT.