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.
Technavio’s 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:
• Americas
• APAC
• EMEA
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
• ABB
• General Cable
• Nexans
• NKT
• Prysmian
• Sumitomo Electric Industries
Other prominent vendors
• Able UK
• Brugg Cables
• Fujikura
• JDR Cable Systems
• LEONI
• LS Cable & System
• PARKER HANNIFIN
• 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by product
• Global offshore wind cable market by product
• Global offshore wind cable market by export cable
• Global offshore wind cable market by inter-array cable
PART 07: Geographical segmentation
• Global offshore wind cable market by geography
• Offshore wind cable market in EMEA
• Offshore wind cable market in APAC
• Offshore wind cable market in the Americas
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Market challenges
PART 10: Market trends
• Increase in demand for clean power
• Technological developments
• Reduction in cost for wind
PART 11: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 12: Key vendor analysis
• ABB
• General Cable
• Nexans
• NKT
• Prysmian
• Sumitomo Electric Industries
PART 13: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Wind turbine components
Exhibit 02: Estimated offshore wind power system capital cost 2016 (%)
Exhibit 03: Global offshore wind cable market
Exhibit 04: Global offshore wind cable market 2016-2021 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global offshore wind cable market by product 2016 and 2021 (%)
Exhibit 07: Global offshore wind cable market by product 2016-2021 ($ millions)
Exhibit 08: Global offshore wind cable market by export cable 2016-2021 ($ millions)
Exhibit 09: Wind farm and its components
Exhibit 10: Wind farm size in the future
Exhibit 11: Global offshore wind cable market by inter-array cable 2016-2021 ($ millions)
Exhibit 12: Comparison of 33 kV and 66 kV inter-array cables
Exhibit 13: Global offshore wind cable market by geography 2016 and 2021 (%)
Exhibit 14: Global offshore wind cable market by geography 2016-2021 ($ millions)
Exhibit 15: Offshore wind cable market in EMEA 2016-2021 ($ millions)
Exhibit 16: Germany wind power capacity 2010-2016 (MW)
Exhibit 17: UK wind power capacity 2010-2016 (MW)
Exhibit 18: Offshore wind cable market in APAC 2016-2021 ($ millions)
Exhibit 19: Offshore wind cable market in the Americas 2016-2021 ($ millions)
Exhibit 20: Global cumulative offshore wind installation capacity 2006-2016 (MW)
Exhibit 21: Importance of subsea power cables in offshore renewable energy
Exhibit 22: Developments in the offshore wind industry
Exhibit 23: Average distance of wind farm from the shore (1991-2016)
Exhibit 24: Onshore and offshore wind generation cost comparison ($ per MWh)
Exhibit 25: Series of actions for laying offshore wind cables
Exhibit 26: Countries with renewable targets and policies 2005
Exhibit 27: Countries with renewable targets and policies 2015
Exhibit 28: New wind installation targets by 2020 (GW)
Exhibit 29: Global cumulative offshore patents 2000-2013
Exhibit 30: Offshore patent application areas 2001-2015 (%)
Exhibit 31: Other prominent vendors
Exhibit 32: NSW cables for offshore industry
Exhibit 33: NKT: Offshore cables
