Why the Offshore Wind Cable Market is set to Trend? Top Companies: JDR Cable, ZTT International, Prysmian, Sumitomo Electric, Nexans, Furukawa Electric, NKT, Ningbo Wires and Cables, LS Cable & Systems, and Cablel group

Market Study Report Provides A Detailed Overview Of Offshore Wind Cable Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Offshore Wind Cable Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.

Rising electricity consumption across developing nations coupled with considerable government efforts to minimize harmful greenhouse gas emissions will enhance the offshore wind cable market. In addition, limited human interventions with reduced land utilization and low maintenance will augment the product adoption. Furthermore, rising technological enhancements to reduce component cost is anticipated to stimulate the business landscape.

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Increasing concern to efficiently transmit electricity over long distance will positively influence the export offshore wind cable installation in the coming years. In addition. growing research and development (R&D) activities to improve the durability and current carrying capacity will further drive the industry scenario.

Advanced forecasting technologies, smart monitoring system, and introduction of high capacity transmission devices are some of the key factors which will significantly stimulate the industry share. Moreover, surging investments towards the establishment of advanced production facilities along with growing high capacity transmission systems will drive the product outlook.

Easy installation & handling with versatile product configuration in comparison to copper wires are few major parameters augmenting the aluminum offshore wind cable market. In addition, surging investments to establish high voltage networks for long distance transmission of electricity will propel the industry landscape.

Asia pacific region will witness considerable upsurge owing abundant wind potential with favorable regulatory frameworks. Furthermore, surging industry efforts to attain economies of scale in line with increasing assistance from various financial institutes comprising IFC, and WB will drive the business scenario. In March 2019, International Finance Corporation and World Bank announced a program to accelerate the installation of offshore wind farms across the emerging countries.

11 kV to 36 kV based inter-array installation is expected to witness growth on the account of growing efforts toward the reduction in repair and maintenance cost. In addition, rising integration of smart control systems to minimize lead time and losses by accurate detection of failure location will further complement the business outlook.

Increasing consumer awareness about environmental degradation along with rising federal efforts to grid integrate various clean energy sources will augment the U.S. offshore wind cable market. For instance, in December 2016, first commercial offshore windfarm across the U.S. was commissioned with the capacity of 30 MW capacity including 34.5 kV bidirectional Block Island transmission network for 35 km.

Key industry participants operating in the offshore wind cable market comprise JDR Cable, ZTT International, Prysmian, Sumitomo Electric, Nexans, Furukawa Electric, NKT, Ningbo Wires and Cables, LS Cable & Systems, and Cablel group among others. Effective inorganic growth ventures through merger and acquisition along with surging investments to enhance the manufacturing capabilities are some of the key strategic measures opted by the industry participants across the globe.

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Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Offshore wind cable market 360 degree synopsis, 2014 - 2025

2.1.1 Business trends

2.1.2 Technology trends

2.1.3 Conductor material trends

2.1.4 Regional trends

Chapter 3 Offshore Wind Cable Industry Insights

3.1 Industry segmentation

3.2 Industry landscape

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & technology landscape

3.5 Regulatory landscape

3.5.1 The Exclusive Economic Zone and Continental Shelf Laws of 2004 and 2014

3.5.1.1 Standards

3.5.1.2 Gudielines

3.5.1.3 Electrical specification

3.5.1.4 Mechanical specification

3.5.2 North America

3.5.2.1 Federal regulations

3.5.2.2 State reglations

3.5.3 Europe

3.5.3.1 U.K.

3.5.3.2 Cable laying

3.5.3.3 Wind

3.5.3.3.1 Operation and maintenance

3.5.3.3.2 Decommissioning

3.5.3.3.3 Marine licence - dredging

3.5.3.3.4 Marine licence - disposal

3.5.3.3.5 Marine licence - exemption

3.5.3.3.6 Marine works - environmental impact assessment:

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