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Export Offshore Wind Cable Market Share

Report ID: GMI9063
Published Date: Apr 2024
Report Format: PDF

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Export Offshore Wind Cable Market Share

Export Offshore Wind Cable Company Market Share

Jan De Nul, NEXANS, Prysmian Group, Seaway7, JDR Cable Systems Ltd., and Hellenic Cables are some of the major market players. Manufacturers bring specialized expertise in cable design, engineering, and manufacturing processes while their knowledge and experience enable the development of high-quality cables that meet the stringent requirements of offshore wind projects, including durability, reliability, and efficiency. Further, collaborations, agreements, and partnerships among manufacturers, project developers, research institutions, and industry stakeholders are essential for driving innovation, ensuring quality and reliability, and accelerating the product deployment.

Export Offshore Wind Cable Market Companies

Major key players operating across the export offshore wind cable industry include:

FURUKAWA ELECTRIC CO., LTD
Hellenic Cables
HENGTONG GROUP CO., LTD.
Hydro Group
Jan De Nul
JDR Cable Systems Ltd.
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 of export offshore wind cable was reached USD 2.2 billion in 2023 and is anticipated to grow at 32.2% CAGR from 2024 to 2032, owing to the increasing emphasis on implementation of renewable energy sources.

Copper export offshore wind cable market recorded 98% revenue share in 2023, driven by the increasing demand for cables that can efficiently transmit large amounts of electricity over long distances with minimal power losses.

Europe export offshore wind cable market is projected to surpass USD 13 billion by 2032, attributed to robust government spendings to accelerate wind development combined with the introduction of new technologies by major players.

Hellenic Cables, HENGTONG GROUP CO., LTD., Hydro Group, Jan De Nul, JDR Cable Systems Ltd., LS Cable & System Ltd., NEXANS, Ningbo Orient Wires &Cables Co., NKT A/S, Prysmian Group, Seaway7, Sumitomo Electric Industries, Ltd. and ZTT