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North America Inter Array Offshore Wind Cable Market Trends

Report ID: GMI9427
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta , Srishti Agarwal

Frequently Asked Questions (FAQ) :

North America inter array offshore wind cable industry size was worth USD 117.8 million in 2023 and is projected to expand at 16.4% CAGR from 2024 to 2032, due to the rising government support for renewable energy projects

The 11 kV

U.S. inter array offshore wind cable industry is projected to be worth more than USD 33.9 million by 2032, on account of the increasing policy support at both the federal and state levels for offshore wind development.

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