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Europe Export Offshore Wind Cable Market Share

Report ID: GMI9348
Published Date: May 2024
Report Format: PDF

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Europe Export Offshore Wind Cable Market Share

Europe Export Offshore Wind Cable Company Market Share

Eminent players are increasingly investing in research and development to improve cable performance and durability, ensuring compliance with stringent offshore wind project requirements, aims to strengthen their market position and stimulate growth. Additionally, to improve their supply chain and successfully complete projects on schedule, businesses are also concentrating on growing their production capacities and forming strategic alliances. Companies are diversifying product offerings by developing innovative cable designs tailored to specific project requirements, including longer transmission distances or harsher environmental conditions, targeting wider customer base to improve business expansion.

Europe Export Offshore Wind Cable Market Companies

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

FURUKAWA ELECTRIC CO., LTD
HENGTONG GROUP CO., LTD.
Hellenic Cables
Hydro Group
JDR Cable Systems Ltd
Jan De Nul
LS Cable & System Ltd.
NKT A/S
NEXANS
Ørsted A/S
Prysmian Group
Seaway7
Sumitomo Electric Industries, Ltd
Vattenfall
ZTT

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for export offshore wind cable in Europe reached USD 1 billion in 2023 and is set to register 38.3% CAGR from 2024-2032, owing to the increasing demand for renewable energy sources, particularly offshore wind power in the region.

Europe export offshore wind cable industry from the 132 kV & above segment is expected to reach over USD 12.57 billion by 2032, due to rising advancements in cable technology and manufacturing processes enabling the production of cables capable of handling this voltage range.

Germany market is expected to cross USD 1.62 billion by 2032, attributed to leading aims to reduce reliance on fossil fuels, with offshore wind playing a crucial role in achieving renewable energy targets in the country.

Hellenic Cables, Hydro Group, JDR Cable Systems Ltd, Jan De Nul, LS Cable & System Ltd., NKT A/S, NEXANS,