Offshore Wind Power Cable Market 2020 Analysis by Global Manufacturers – ABB, Nexans, NKT, Prysmian, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, Fujikura

The Offshore Wind Power Cable Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Offshore Wind Power Cable Market: ABB, Nexans, NKT, Prysmian, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, Fujikura, JDR Cable Systems, Able UK, Brugg Cables, LEONI, ZTT, Furukawa, TF Kable, ORIENT CABLE and others.

Industry News and Developments:

Zurich, Switzerland, February 11, 2014 - ABB, the leading power and automation technology group, has won an order worth around $55 million to supply a submarine AC (alternating current) power cable system for a new wind farm, located off the coast of Norfolk. The underwater cables will feed the electricity generated by the 400-megawatt (MW) Dudgeon Offshore Wind Farm into the UK national grid. The order was received from Dudgeon Offshore Wind Limited, a company owned by Statoil and Statkraft.

The Dudgeon Offshore Wind Farm will be capable of producing enough electricity to power more than 400,000 UK homes annually. The turbines will be located in waters 18-25 meters deep on a 55-square-kilometer site situated 32 kilometers (km) off the coast of the seaside town of Cromer in north Norfolk. With an installed capacity of about 400 MW, the wind farm will produce enough 'green' energy to displace emissions of carbon dioxide by up to 19 million tonnes over its 25-year lifetime.

Paris La Défense, December 3, 2019 – Nexans, the global expert in advanced cabling and connectivity solutions, Eversource, New England’s premier transmission builder, and Ørsted, the world leader in offshore wind, announced today a framework agreement. The agreement will reinforce their long-term partnership and will result in Nexans having the opportunity to provide up to 1,000 km of subsea high voltage export cables for Ørsted’s offshore wind farms in North America. The first delivery is expected by 2022 and the agreement extends until 2027.

Nov 19, 2019: NKT confirms order for Dogger Bank offshore Wind Farms Creyke Beck A/B
Now, with an agreement of a EPCI (Engineering, Procurement, Construction and Installation) contract with project owners Equinor and SSE Renewables, NKT confirms the order, which is the largest XLPE power cables order ever for the company, and has added the project to its the high-voltage order backlog. As previously announced, the order represents a contract value of approx. EUR 360m (approx. DKK 2,685m) in market prices, equivalent to approx. EUR 300m (approx. DKK 2,235m) in standard metal prices. The cable systems comprise the manufacture of approx. 4x175 km of 320 kV DC offshore export power cables and approx. 4x32 km of 320 kV DC onshore export power cables as well as installation by the cable-laying vessel NKT Victoria. NKT expects production-start of the power cables in 2020.

Global Offshore Wind Power Cable Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

0 35kV 110 kV 220kV Voltage>500kV

On the basis of Application, the market is segmented into:

Communication
Electricity Transportation
Others

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Regional Analysis For Offshore Wind Power Cable Market:

For comprehensive understanding of market dynamics, the global Offshore Wind Power Cable market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Offshore Wind Power Cable Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

Following are major Table of Content of Offshore Wind Power Cable Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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