A research report on the Offshore Wind Cable Market has recently been published by Stratview Research, which addresses the significant changes in the Offshore Wind Cable Market. The study’s purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the marketโ€™s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.

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Market Insights

Offshore Wind Cable market is likely to witness an exponential CAGR of 19.3% during the forecast period. Stringent regulations regarding emissions from conventional source of energy coupled with growing concerns regarding global warming is the key driving factor for the surge in demand for the offshore wind cable market during the next five years.

Profiling Key Companies โ€“

  • Nexans S.A.
  • Prysmian S.p.A.
  • NKT A/S
  • LS Cable & System, Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Furukawa Electric Co., Ltd.
  • Fujikura Limited
  • Hellenic Cables Group
  • Ningbo Orient Wires & Cables Co., Ltd
  • Hydro Group plc.

Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic’s impact and the industry’s economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

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  • Assessment of the market
  • Competitive Landscape
  • COVID Impact Analysis
  • Value Chain Analysis
  • Historic Data, Estimates, and Forecast
  •  Company Profiles
  • Global and Regional Dynamics
  • Future Business Scope & Opportunities Forecast

Segment Analysis

Based on the technology type, the market is segmented as interโ€“array and export. The inter-array segment is expected to remain dominant in the market during the forecast period, mainly driven by rising number of wind turbine installation under deep-water condition.

Based on the conductor material type, the offshore wind cable market is segmented as aluminum and copper. Copper is projected to remain the dominant material in the market during the forecast period, owing to various benefits offered by the material, such as high specific weight, excellent flexibility, high corrosion & weather resistance and high reliability.

In terms of regions, Europe is likely to maintain its dominance in the market during the forecast period, with Germany, the UK being the key growth engines of the regionโ€™s market. Presence of large number of offshore facilities along with their effective utilization and favorable energy policy framework by the EU is the major factor behind the dominance of the region in the market.

Custom Research:

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Critical Questions Answered in the Report

  • What are the key trends in the Offshore Wind Cable Market?
  • How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
  • On what scale has COVID-19 impacted the Offshore Wind Cable Market?
  • What are some key strategies adopted by the market leaders in the Offshore Wind Cable Market?
  • How much share of the Offshore Wind Cable Market do the top players own?

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