North America Inter Array Offshore Wind Cable Market Size

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.

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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.