Press release
United States Offshore Substation Market 2025 | Industry Developments, Future Growth, Share & Industry Insights
Offshore Substation Market - DataM Intelligence
DataM Intelligence has published a new research report on "Offshore Substation Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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Key Players: General Electric Company, Aker Solutions, Envision Group, Petrofac Limited, Burns & McDonnell, Hitachi Energy, HSM Offshore Energy BV, SLPE, Hollandia and Siemens.
United States - Industry Developments:
✅ March 14, 2025: DEME successfully installed the first offshore substation for the Coastal Virginia Offshore Wind project, marking a significant milestone in U.S. offshore wind infrastructure.
✅ August 12, 2025: Hubbell Inc. announced its acquisition of DMC Power for $825 million, enhancing its portfolio of critical electrical components amid rising power demand.
Japan - Industry Developments:
✅ October 3, 2025: The Japanese government designated two sites off the coast of Akita and Fukuoka prefectures as "promising zones" for developing offshore wind farms.
✅ August 18, 2025: A Japanese renewable energy developer plans to deploy Shoreline's AI-powered platform on offshore wind projects, aiming to optimize operations and maintenance.
South Korea - Industry Developments:
✅ September 3, 2025: Hyundai Heavy Industries obtained international certification for its proprietary 500MW offshore substation, allowing work to commence.
✅ May 29, 2025: South Korea officially launched a renewable energy tender, including about 1.25 GW of offshore wind capacity, aiming to bolster its offshore wind sector.
Europe - Industry Developments:
✅ July 7, 2025: The ORLEN Group, in partnership with Northland Power, commenced the installation of Europe's largest offshore wind turbines in Polish waters of the Baltic Sea.
✅ September 4, 2025: Europe's governments aim to accelerate the build-out of offshore wind to drive the electrification of Europe's economy, with new initiatives to support the sector.
Growth Forecast Projected:
The Global Offshore Substation Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Offshore Substation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type - AC Substations, DC Substations
By Voltage Type - 5 kV, 72.5 kV, 123 kV, 145 kV, 170 kV, 245 kV, 400 kV, Above 400 kV
By Installation - Fixed Offshore Substations, Floating Offshore Substations
By End-User - Wind Farms, Oil & Gas, Others
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Offshore Substation producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Offshore Substation revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Offshore Substation Market?
A: The Offshore Substation Market stood at US$ 6.93 billion in 2024 and is set to experience remarkable growth, reaching US$ 10.96 billion by 2032
Q2: How fast is the Offshore Substation Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 5.9% from 2025-2032
Q3: Which regions are dominating the Offshore Substation Market and which are fastest-growing?
A: Asia-Pacific holds the distinction of being the largest region in the offshore substation market,
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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