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Offshore Platform Electrification Market Share

Report ID: GMI5519
Published Date: Jul 2023
Report Format: PDF

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Offshore Platform Electrification Market Share

The major players operating in offshore platform electrification market are

ADNOC Group
BP p.l.c.
Prysmian Group
Aker Solutions
General Electric
Siemens Energy
Equinor ASA
Nexans
Havfram
ABB
SLB
Cerulean Winds Ltd.
NKT A/S
Norddeutsche Seekabelwerke GmbH.

Authors: Ankit Gupta, Abhishek chopra

Frequently Asked Questions (FAQ) :

The market size of offshore platform electrification reached USD 1.6 billion in 2022 and is anticipated to grow at a CAGR of 19.7% during 2023 to 2032, backed by the increasing environmental regulations and commitments to reduce greenhouse gas emissions.

Offshore wind segment accounted for over USD 580 million in 2022 as offshore wind power is driving the need for offshore platform electrification to harness and distribute clean energy.

Europe offshore platform electrification industry size is expected to be valued at USD 6 billion by 2032, on account of continuous development and expansion of existing offshore wind farms in the region.

ADNOC Group, BP p.l.c., Prysmian Group, Aker Solutions, General Electric, Siemens Energy, Equinor ASA, Nexans, Havfram, ABB, SLB, Cerulean Winds Ltd., NKT A/S, and Norddeutsche Seekabelwerke GmbH.