Wind Turbine Cables Market Revenue, Insights, Overview, Outlook, Analysis

Installation of wind turbines has been increasing across the globe for the last few years, as energy generated by wind turbines provides a cleaner alternate to that generated by fossil fuels. Wind turbine cables are used to transmit data and power from the wind turbine to the power station and wind farm control station.

The global Wind Turbine Cables market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.

This report aims to provide a comprehensive presentation of the global market for Wind Turbine Cables, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Cables.

The Wind Turbine Cables market size, estimations, and forecasts are provided in terms of output/shipments (K Meters) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Cables market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Wind Turbine Cables manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Onshore
• Offshore

By Application
• Power Transmission
• Data Transfer

Key Companies
ZT International Ltd., Deutsche Windtechnik, JDR Cable Systems Ltd., Nexans, Prysmian Group, FURUKAWA ELECTRIC CO., LTD, ABB, NKT A/S, Sumitomo corporation, LS Cable & Systems ltd.

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This release was published on openPR.