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Europe Offshore Wind Cable Market Size By Technology (Inter – array {11kV to 36kV, 37kV – 66kV}, Export {132 kV & Less, 132 kV & Above}), Conductor Material (Aluminum, Copper) Analysis Report, Regional Outlook (UK, Germany, Denmark, France, Netherlands, Belgium, Ireland), Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1530 | Delivery : PDF

Europe Offshore Wind Cable Market share is anticipated to grow on account of shifting trends toward the deployment of renewable energy technologies including solar, wind, biomass and geothermal energies. No requirement of land, steadier supply of wind energy, reduced noise levels and high power generation capabilities are few of the prominent factors that will proliferate the offshore wind energy outlook which in turn will complement the offshore wind cable industry growth. Government efforts to fulfil the growing electricity demand coupled with reduction in GHG emissions will fuel the adoption of renewable sources of energy which will further boost the product penetration across the region.

Inter array cables market will witness a strong growth on account of identification of sustainable offshore energy potential along with the ongoing efforts toward technological advancement for optimum extraction of the energy. In the coming years, increasing deployment of large-capacity clean energy projects along with the improving engineering capabilities across deep water locations will fuel the share of inter array cables across Europe offshore wind cable market. In addition, low transmission losses and reduced installation costs are few other prominent factors that will favor the deployment of inter array cables.

Significant non-magnetic properties coupled with high electrical ductility & conductivity are few of the key factors favoring the adoption of copper wire for export and inter array cables across the Europe offshore wind cable market. The ongoing integration of efficient power transmission systems along with the growing demand for large cable length in order to reduce existing failure rates will energize the industry dynamics. Corrosion resistance, the capability to bear load surges, and heavy weight are some of the additional characteristics, fueling the installation of copper cables across the region.

Supportive government measures along with numerous advantages including higher efficiency, low turbulence, and no land cost will drive the offshore cable demand across the UK. Moreover, the cable manufacturers in the country are focusing towards the development of new cost-effective technologies with higher efficiency index to transmit the generated energy efficiently, which will positively augment the growth of UK offshore wind cable market.

Major industry participants in the industry are engaging in collaborations and strategic mergers & acquisitions with other manufacturers and component providers in order to generate higher revenues. Key industry players operating in the market include Prysmian Group, LS Cable & System, Fujikura Limited, ZTT, Nexans, NKT, Sumitomo Electric Industries, Ltd.,and Cablel Hellenic Cables Group amongst others.
 

Frequently Asked Question(FAQ) :

Europe Offshore Wind Cable Market share is anticipated to grow on account of shifting trends toward the deployment of renewable energy technologies including solar, wind, biomass and geothermal energies.
Key industry players operating in the market include Prysmian Group, LS Cable & System, Fujikura Limited, ZTT, Nexans, NKT, Sumitomo Electric Industries, Ltd.,and Cablel Hellenic Cables Group amongst others.
Supportive government measures along with numerous advantages including higher efficiency, low turbulence, and no land cost will drive the offshore cable demand across the UK.

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Europe Offshore Wind Cable Market Size 2020-2026: Development Impact


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