North America Inter Array Offshore Wind Cable Market Size - Voltage Rating (11 kV – 33 kV, 34 kV – 66 kV), By Conductor Material (Aluminum, Copper), 2024 – 2032

North America Inter Array Offshore Wind Cable Market Size

North America Inter Array Offshore Wind Cable Market Size was valued USD 117.8 Million in 2023 and is anticipated to grow at a CAGR of 16.4% up to 2032. Inter array cables are a vital component of offshore wind farms, responsible for connecting individual wind turbines within the array to each other and to the offshore substation. These cables transmit the electrical energy generated by the turbines to the central collection point, from where it is further transmitted to the onshore grid for distribution to consumers.
 

Growing interest in higher voltage cables as projects mature and turbine capacities increase will drive the business outlook. Rapid technological advancements and innovation, driven by collaborations between industry stakeholders, research institutions, and government agencies, comprising improvements in cable design, materials, and installation techniques, which contribute to the adoption of more efficient and reliable inter-array cables. Additionally, establishment of a domestic supply chain for offshore wind components, including inter-array cables, is a key priority for the U.S. government and industry stakeholders, which will lead to positive business opportunities.
 

Offshore wind projects in the U.S. are typically larger in scale compared to those in other regions due to the vast coastal areas available for development. Growing preference for higher voltage inter array cables to optimize power transmission efficiency over longer distances will augment the industry landscape. Further, regulatory bodies including the Bureau of Ocean Energy Management (BOEM) and state public utility commissions have established guidelines and standards for offshore wind development, including inter array cable specifications, leading to enhanced product penetration.
 

North America Inter Array Offshore Wind Cable Market Trends

Ongoing regulatory standards and guidelines recommending the use of cables rated from 34 kV to 66 kV along with the rising need for efficient power transmission, cost reduction, and compatibility with grid connection requirements is anticipated to strengthen the demand in the coming times. Additionally, growing compatibility simplifies the integration of offshore wind farms with onshore transmission systems, reducing the need for costly grid upgrades, leading to enhanced product adoption.

North America Inter Array Offshore Wind Cable Market Analysis

Based on type, the North America inter array offshore wind cable market is segmented into 11 kV - 33 kV and 34 kV – 66 kV. 11 kV – 33 kV is anticipated to grow by over USD 50.3 Million by 2032. The voltages strike a balance between transmission efficiency and cost-effectiveness and are suitable for medium to large scale offshore wind farms, offering adequate power transmission capacity while minimizing losses and cable sizes. Further, they are compatible with common grid connection technologies and allow for seamless integration with onshore transmission systems, thereby simplifying the grid connection process and reducing the infrastructure costs, leading to enhanced product demand.
 

Furthermore, higher voltage inter array cables, including those rated from 34 kV to 66 kV, are better suited to handle the increased power output allowing for more efficient power transmission over longer distances, reducing energy losses and optimizing the overall performance of the wind farm, thereby driving the business outlook. Additionally, advances in cable design, materials, and manufacturing processes make it feasible to produce reliable and cost effective cables, which will fuel the product penetration.
 

The U.S. inter array offshore wind cable market is anticipated to grow by over USD 33.9 million by 2032. Increasing policy support at both the federal and state levels for offshore wind development in the country along with streamlining permitting processes and offering lease areas for offshore wind projects will strengthen the industry landscape. States including New York, Massachusetts, New Jersey, and Virginia have ambitious offshore wind targets, implementing supportive policies comprising renewable energy mandates along with financial incentives leading to positive business growth. Furthermore, advances in offshore wind turbine technology and inter-array cable systems will make projects more feasible and cost-effective, effectively contributing to the business scenario.

North America Inter Array Offshore Wind Cable Market Share

The key manufacturers are at the forefront of inter-array cable manufacturing, contributing to the development of offshore wind energy by providing reliable and innovative solutions for connecting wind turbines at sea. Strategic alliances and inorganic growth ventures allow companies to share expertise, technology, and resources, leading to the overall development of innovative cable designs, manufacturing processes, and installation techniques. Further, large scale investment in research and development, manufacturing facilities, and logistics, can support companies reduce their per unit costs and improve their competitiveness in the market.

North America Inter Array Offshore Wind Cable Market Companies

Eminent players operating in the North America Inter array Offshore Wind Cable industry are:

• Nexans
• Prysmian Group
• NKT
• JDR Cable Systems
• LS Cable & System
• Hellenic Cables
• DEME
• Fujikura Ltd.
• FURUKAWA ELECTRIC CO., LTD.
• Seaway7
   

North America Inter Array Offshore Wind Cable Industry News:

• In February 2023, Hellenic Cables entered into an agreement with Eversource and Ørsted for the supply of inter-array cables in the U.S. The cables will power Revolution Wind and South Fork Wind offshore projects. The company will supply, design, manufacture, and test 260 km of XLPE insulated 66 kV inter array cables, which are set to production by 2024. This will support the company enhance its market presence across the U.S.
   
• In July 2021, NKT introduce the new Array Cable Termination System (ACTS) for use across offshore wind farms. This includes a comprehensive range of  pre terminated cables, connectors, joints, termination systems and surge arrestors. The flexible system hosts a variety of practical features to aid easy installation along with minimal disruption. This will further enhance the company’s product portfolio, thereby strengthening its presence across the industry.
   

North America Inter Array Offshore Wind Cable market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “Km & USD Million” from 2021 to 2032, for the following segments:

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Voltage Rating, 2021 – 2032 (Km & USD Million)

• 11kV-33kV
• 34kV-66kV

By Conductor Material, 2021 – 2032 (Km & USD Million)

• Aluminum
• Copper

The above information has been provided for the following countries:

• U.S.
• Canada