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Asia Pacific Offshore Wind Cable Market Share

Report ID: GMI9064
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Offshore Wind Cable Market Share

Asia Pacific Offshore Wind Cable Company Market Share

Ningbo Orient Wires &Cables Co., Prysmian Group, Sumitomo Electric Industries, Ltd., FURUKAWA ELECTRIC CO., LTD, Fujikura Ltd., LS Cable & System Ltd. are some leading industry players. Manufacturers play a crucial role in supplying high-quality cables and related solutions to support the development of offshore wind projects. Their role extends beyond mere production to encompass innovation, customization, and collaboration with stakeholders across the industry. Research institutions, universities, and industry associations to advance offshore wind cable technology through joint research projects, knowledge sharing, and technology transfer. facilitate innovation and drive continuous improvement in cable design and performance.

Asia Pacific Offshore Wind Cable Market Companies

Key market players operating across the Asia Pacific offshore wind cable industry include:

Fujikura Ltd.
FURUKAWA ELECTRIC CO., LTD
Hellenic Cables
HENGTONG GROUP CO., LTD.
Hydro Group
LEONI
LS Cable & System Ltd.
NEXANS
Ningbo Orient Wires &Cables Co.
NKT A/S
Prysmian Group
Seaway7
Sumitomo Electric Industries, Ltd.
ZTT

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for offshore wind cable in Asia Pacific USD 1.3 billion in 2023 and is set to witness 24.1% CAGR up to 2032, led by the increasing prioritization of renewable energy sources to mitigate climate change and reduce dependence on fossil fuels.

Copper segment witnessed a revenue share of over 99% in 2023, owing to the growing focus on subsea cable protection and maintenance to ensure the reliability and longevity of inter-array cable systems.

China market is projected to reach USD 4.5 billion by 2032, attributed to continuous deployment of offshore wind energy across potential project sites combined with favorable strategy, law, programs, and rebates.

Fujikura Ltd., FURUKAWA ELECTRIC CO., LTD, Hellenic Cables, HENGTONG GROUP CO., LTD., Hydro Group, LEONI, LS Cable & System Ltd., NEXANS, Ningbo Orient Wires &Cables Co., NKT A/S, Prysmian Group, Seaway7, Sumitomo Electric Industries, Ltd. and ZTT.