Global Wind Energy Cables Market 2024-2028

The wind energy cables market is forecasted to grow by USD 16.58 bn during 2023-2028, accelerating at a CAGR of 30.45% during the forecast period. The report on the wind energy cables market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investment in offshore wind turbines, growing preference for renewable power, and rising requirement to lower carbon emissions.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	28.7%
CAGR	30.45%
Incremental Value	$16.58bn

Technavio's wind energy cables market is segmented as below:

By Application

Offshore
Onshore

By End-user

Utility
Industrial
Commercial

By Geography

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the the adoption of HVDC technology as one of the prime reasons driving the wind energy cables market growth during the next few years. Also, use of advanced materials such as cross-linked polyethylene and high-temperature superconducto and focus on sustainability in wind energy cables will lead to sizable demand in the market.

The report on the wind energy cables market covers the following areas:

Wind energy cables market sizing
Wind energy cables market forecast
Wind energy cables market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind energy cables market vendors that include ABB Ltd., Belden Inc., Deutsche Windtechnik AG, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Co. Ltd., Hengtong Group Co. Ltd., Hydro Group, KEI Industries Ltd., LS Corp., Nexans SA, Ningbo Orient Wires and Cables Co. Ltd., NKT AS, Prysmian Spa, Southwire Co. LLC, Subsea 7 SA, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, and Viohalco S.A.. Also, the wind energy cables market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76888

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global wind energy cables market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global wind energy cables market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Offshore - Market size and forecast 2023-2028
Exhibit 34: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
6.4 Onshore - Market size and forecast 2023-2028
Exhibit 38: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ billion)
Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2023-2028
Exhibit 48: Chart on Utility - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Utility - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Exhibit 52: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
Exhibit 56: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ billion)
Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2023-2028 (%)
Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography ($ billion)
Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 115: ABB Ltd. - Overview
Exhibit 116: ABB Ltd. - Business segments
Exhibit 117: ABB Ltd. - Key offerings
Exhibit 118: ABB Ltd. - Segment focus
12.4 Belden Inc.
Exhibit 119: Belden Inc. - Overview
Exhibit 120: Belden Inc. - Business segments
Exhibit 121: Belden Inc. - Key news
Exhibit 122: Belden Inc. - Key offerings
Exhibit 123: Belden Inc. - Segment focus
12.5 Fujikura Ltd.
Exhibit 124: Fujikura Ltd. - Overview
Exhibit 125: Fujikura Ltd. - Business segments
Exhibit 126: Fujikura Ltd. - Key offerings
Exhibit 127: Fujikura Ltd. - Segment focus
12.6 Furukawa Electric Co. Ltd.
Exhibit 128: Furukawa Electric Co. Ltd. - Overview
Exhibit 129: Furukawa Electric Co. Ltd. - Business segments
Exhibit 130: Furukawa Electric Co. Ltd. - Key news
Exhibit 131: Furukawa Electric Co. Ltd. - Key offerings
Exhibit 132: Furukawa Electric Co. Ltd. - Segment focus
12.7 Hengtong Group Co. Ltd.
Exhibit 133: Hengtong Group Co. Ltd. - Overview
Exhibit 134: Hengtong Group Co. Ltd. - Product / Service
Exhibit 135: Hengtong Group Co. Ltd. - Key offerings
12.8 Hydro Group
Exhibit 136: Hydro Group - Overview
Exhibit 137: Hydro Group - Product / Service
Exhibit 138: Hydro Group - Key offerings
12.9 LS Corp.
Exhibit 139: LS Corp. - Overview
Exhibit 140: LS Corp. - Product / Service
Exhibit 141: LS Corp. - Key offerings
12.10 Nexans SA
Exhibit 142: Nexans SA - Overview
Exhibit 143: Nexans SA - Business segments
Exhibit 144: Nexans SA - Key offerings
Exhibit 145: Nexans SA - Segment focus
12.11 Ningbo Orient Wires and Cables Co. Ltd.
Exhibit 146: Ningbo Orient Wires and Cables Co. Ltd. - Overview
Exhibit 147: Ningbo Orient Wires and Cables Co. Ltd. - Product / Service
Exhibit 148: Ningbo Orient Wires and Cables Co. Ltd. - Key offerings
12.12 NKT AS
Exhibit 149: NKT AS - Overview
Exhibit 150: NKT AS - Business segments
Exhibit 151: NKT AS - Key offerings
Exhibit 152: NKT AS - Segment focus
12.13 Prysmian Spa
Exhibit 153: Prysmian Spa - Overview
Exhibit 154: Prysmian Spa - Business segments
Exhibit 155: Prysmian Spa - Key offerings
Exhibit 156: Prysmian Spa - Segment focus
12.14 Subsea 7 SA
Exhibit 157: Subsea 7 SA - Overview
Exhibit 158: Subsea 7 SA - Business segments
Exhibit 159: Subsea 7 SA - Key offerings
Exhibit 160: Subsea 7 SA - Segment focus
12.15 Sumitomo Electric Industries Ltd.
Exhibit 161: Sumitomo Electric Industries Ltd. - Overview
Exhibit 162: Sumitomo Electric Industries Ltd. - Business segments
Exhibit 163: Sumitomo Electric Industries Ltd. - Key news
Exhibit 164: Sumitomo Electric Industries Ltd. - Key offerings
Exhibit 165: Sumitomo Electric Industries Ltd. - Segment focus
12.16 Tele Fonika Kable SA
Exhibit 166: Tele Fonika Kable SA - Overview
Exhibit 167: Tele Fonika Kable SA - Product / Service
Exhibit 168: Tele Fonika Kable SA - Key offerings
12.17 Viohalco S.A.
Exhibit 169: Viohalco S.A. - Overview
Exhibit 170: Viohalco S.A. - Business segments
Exhibit 171: Viohalco S.A. - Key offerings
Exhibit 172: Viohalco S.A. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations