Market Overview:
The global cables in wind power market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for renewable energy sources and the rising installation of wind turbines across the globe. Based on type, the market is segmented into nacelle cable and tower cable. The nacelle cable segment is expected to grow at a higher CAGR than the tower cable segment during the forecast period. This can be attributed to its growing demand in offshore wind power installations, as these cables are less susceptible to damage from environmental factors such as salt water corrosion and extreme weather conditions. Based on application, the market is divided into onshore wind power and offshore wind power segments.
Product Definition:
A cable is a conductor of electricity, typically copper or aluminum, that is used to connect two points in an electrical system. Cables are important in wind power because they are used to transfer energy from the turbine to the electrical grid.
Nacelle Cable:
Nacelle cable is used in the power transmission and power supply of wind turbine. It is manufactured from high-quality steel wire, which has a diameter between 0.3mm to 1.5mm and a length of 40 meters to 150 meters, as per the type of turbine being installed by the manufacturer.
Tower Cable:
Tower cable is a flexible power transmission cord. It consists of multiple conductors that are used to transmit electricity from the utility pole to the connected device or structure. The tower cable helps in providing an electrical connection between the turbine and power source, thus ensuring continuous supply of energy from grid to wind farm during operation and preventing any interruption in service.
Application Insights:
Onshore wind power application dominated the global cables market in 2017, accounting for over 75% of the overall revenue share. The segment is expected to maintain its dominance over the forecast period owing to growing demand for clean energy sources and technological advancements in onshore wind power infrastructure. Onshore wind turbines are installed on a hilltop or an average elevation site; therefore, they require long cables to transmit electricity from generating stations at one end to another end of the transmission line.
The offshore sector is projected to witness significant growth during the forecast period owing to increasing government support towards development of renewable energy sources and technological advancements in existing infrastructural facilities supporting this industry vertical. Offshore turbines are usually installed far from land masses; therefore, they need long cable lengths that can withstand high sea currents and waves along with providing reliable connectivity between two points at different distances away from shoreline.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing investments in wind farms and favorable government policies. China is expected to dominate the Asia Pacific market over the forecast period, owing to its large wind power generation capacity. The country has implemented a target of having at least 20 GW of offshore capacity by 2020 and 50 GW by 2030. In addition, it aims for 100 GW of onshore capacity by 2020 and 150 GW by 2022.
Europe accounted for more than 25% share in 2017 due to growing installations across Germany, U.K., Netherlands, Belgium & France among other countries as per 2016 stats published by IW3D (Internationale Welle der Dingen).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and policies to promote renewable energy sources
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Technological advancements in wind power generation systems
- Growing concerns about climate change and its impact on the environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Cables in Wind Power Market Research Report
By Type
Nacelle Cable, Tower Cable
By Application
Onshore Wind Power, Offshore Wind Power
By Companies
ABB, Nexans, NKT, Prysmian, General Cable, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, Brugg Kabel AG, Fujikura, JDR Cable Systems, LEONI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Cables in Wind Power Market Report Segments:
The global Cables in Wind Power market is segmented on the basis of:
Types
Nacelle Cable, Tower Cable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore Wind Power, Offshore Wind Power
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Nexans
- NKT
- Prysmian
- General Cable
- Sumitomo Electric Industries
- Parker Hannifin
- LS Cable & System
- Brugg Kabel AG
- Fujikura
- JDR Cable Systems
- LEONI
Highlights of The Cables in Wind Power Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nacelle Cable
- Tower Cable
- By Application:
- Onshore Wind Power
- Offshore Wind Power
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cables in Wind Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cables in wind power are used to transmit the energy from the wind turbines to the electrical grid.
Some of the major players in the cables in wind power market are ABB, Nexans, NKT, Prysmian, General Cable, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, Brugg Kabel AG, Fujikura, JDR Cable Systems, LEONI.
The cables in wind power market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cables in Wind Power Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cables in Wind Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cables in Wind Power Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cables in Wind Power Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cables in Wind Power Market Size & Forecast, 2020-2028
4.5.1 Cables in Wind Power Market Size and Y-o-Y Growth
4.5.2 Cables in Wind Power Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nacelle Cable
5.2.2 Tower Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore Wind Power
6.2.2 Offshore Wind Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cables in Wind Power Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cables in Wind Power Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nacelle Cable
9.6.2 Tower Cable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore Wind Power
9.10.2 Offshore Wind Power
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nacelle Cable
10.6.2 Tower Cable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore Wind Power
10.10.2 Offshore Wind Power
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nacelle Cable
11.6.2 Tower Cable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore Wind Power
11.10.2 Offshore Wind Power
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nacelle Cable
12.6.2 Tower Cable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore Wind Power
12.10.2 Offshore Wind Power
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nacelle Cable
13.6.2 Tower Cable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore Wind Power
13.10.2 Offshore Wind Power
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cables in Wind Power Market: Competitive Dashboard
14.2 Global Cables in Wind Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Nexans
14.3.3 NKT
14.3.4 Prysmian
14.3.5 General Cable
14.3.6 Sumitomo Electric Industries
14.3.7 Parker Hannifin
14.3.8 LS Cable & System
14.3.9 Brugg Kabel AG
14.3.10 Fujikura
14.3.11 JDR Cable Systems
14.3.12 LEONI
