Offshore Wind Power Generation Submarine Power Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Single Core, Multicore), By Voltage (Medium Voltage, High Voltage), By Region & Competition, 2021-2031F

Description

The Global Offshore Wind Power Generation Submarine Power Cable Market will grow from USD 8.09 Billion in 2025 to USD 16.67 Billion by 2031 at a 12.81% CAGR. The Global Offshore Wind Power Generation Submarine Power Cable Market comprises the specialized transmission lines designed to transport electricity from offshore wind turbines to onshore grids or between offshore electrical substations. These cables act as the critical physical infrastructure essential for integrating marine renewable energy into continental power systems.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 8.09 Billion
Market Size 2031	USD 16.67 Billion
CAGR 2026-2031	12.81%
Fastest Growing Segment	High Voltage
Largest Market	Asia Pacific

Key Market Drivers

Accelerated Expansion of Global Offshore Wind Capacity and National Clean Energy Targets is the primary catalyst driving the submarine power cable market. Governments worldwide are aggressively scaling up renewable energy ambitions, resulting in a record volume of seabed lease auctions that secure long-term production pipelines. This regulatory support translates into massive contracted capacity, necessitating extensive procurement of inter-array and export cables to connect new marine infrastructure.

Key Market Challenges

The supply chain bottlenecks, specifically the scarcity of specialized cable-laying vessels and delays in grid connection infrastructure, constitute a severe impediment to the growth of the Global Offshore Wind Power Generation Submarine Power Cable Market. As offshore wind projects expand in size and move further from shore, the logistical requirements for installing high-voltage subsea transmission lines have intensified. The industry, however, faces a critical shortage of the advanced vessels required to lay these heavy cables in deep waters. This vessel deficit creates a bottleneck where manufactured cables cannot be deployed on schedule, forcing developers to push back project timelines.

Key Market Trends

The development of dynamic cables for floating offshore wind farms addresses the critical technical requirements of deep-water energy generation, where conventional static lines are prone to failure. Unlike fixed-bottom infrastructure, these specialized cables are engineered to withstand significant mechanical stress and fatigue caused by the continuous motion of floating platforms and wave loads. This technological evolution is essential for accessing wind resources in maritime zones where water depths render fixed foundations unfeasible.

Key Market Players

ABB Ltd.
Furukawa Electric Co Ltd
KEI Industries Limited
LS Cable & System Ltd
Nexans SA
Ningbo Orient Wires & Cables Co., Ltd
NKT A/S
Prysmian Group
Sumitomo Electric Industries Limited
ZTT International Limited

Report Scope:

In this report, the Global Offshore Wind Power Generation Submarine Power Cable Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Offshore Wind Power Generation Submarine Power Cable Market, By Voltage:

Medium Voltage
High Voltage

Offshore Wind Power Generation Submarine Power Cable Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Offshore Wind Power Generation Submarine Power Cable Market.

Available Customizations:

Global Offshore Wind Power Generation Submarine Power Cable Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Offshore Wind Power Generation Submarine Power Cable Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Voltage (Medium Voltage, High Voltage)
- 5.2.2. By Region
- 5.2.3. By Company (2025)
5.3. Market Map

6. North America Offshore Wind Power Generation Submarine Power Cable Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Voltage
- 6.2.2. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Voltage
- 6.3.2. Canada Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Voltage
- 6.3.3. Mexico Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Voltage

7. Europe Offshore Wind Power Generation Submarine Power Cable Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Voltage
- 7.2.2. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Voltage
- 7.3.2. France Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Voltage
- 7.3.3. United Kingdom Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Voltage
- 7.3.4. Italy Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Voltage
- 7.3.5. Spain Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Voltage

8. Asia Pacific Offshore Wind Power Generation Submarine Power Cable Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Voltage
- 8.2.2. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Voltage
- 8.3.2. India Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Voltage
- 8.3.3. Japan Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Voltage
- 8.3.4. South Korea Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Voltage
- 8.3.5. Australia Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Voltage

9. Middle East & Africa Offshore Wind Power Generation Submarine Power Cable Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Voltage
- 9.2.2. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Voltage
- 9.3.2. UAE Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Voltage
- 9.3.3. South Africa Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Voltage

10. South America Offshore Wind Power Generation Submarine Power Cable Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Voltage
- 10.2.2. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Voltage
- 10.3.2. Colombia Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Voltage
- 10.3.3. Argentina Offshore Wind Power Generation Submarine Power Cable Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Voltage

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Offshore Wind Power Generation Submarine Power Cable Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. ABB Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Furukawa Electric Co Ltd
15.3. KEI Industries Limited
15.4. LS Cable & System Ltd
15.5. Nexans SA
15.6. Ningbo Orient Wires & Cables Co., Ltd
15.7. NKT A/S
15.8. Prysmian Group
15.9. Sumitomo Electric Industries Limited
15.10. ZTT International Limited