Offshore Wind Cable Market boost due to Innovations in the wind industry

“The Report Global Offshore Wind Cable Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. –”

About Offshore Wind Cable

The power that is generated by an offshore wind turbine is delivered to an offshore substation with the use of power cables. Depending on the power capacity, the power is collected from multiple turbines using an inter-array cable. The power from the substation is transported to the mainland grid using an export cable. Depending on the distance and rating of the project, export cables can be either HVAC or HVDC, whereas inter-array cables use majorly AC.

Technavios analysts forecast the global offshore wind cable market to grow at a CAGR of 16.52% during the period 2017-2021.

Covered in this report 

The report covers the present scenario and the growth prospects of the global offshore wind cable market for 2017-2021. To calculate the market size, the report considers new installations.

The market is divided into the following segments based on geography: 

Technavio’s report, Global Offshore Wind Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
General Cable
Sumitomo Electric Industries

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Other prominent vendors 
Able UK
Brugg Cables
JDR Cable Systems
LS Cable & System
TPC Wire & Cable

Market driver 
Innovations in the wind industry
For a full, detailed list, view our report 

Market challenge 
Increase in reliability and accidental risk
For a full, detailed list, view our report 

Market trend 
Increase in demand for clean power
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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