Market Overview:
The global wind energy cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and the rising concerns about climate change. The global wind energy cables market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into standard cable, premium cable, servo cable, VFD cable, and others. Standard cables are used in low-voltage applications such as residential and commercial buildings while premium cables are used in high-voltage applications such as wind turbines and substations. Servo cables are used for transmitting data signals between control systems and motors while VFD (variable frequency drive) cables are used for controlling motor speed by varying voltage input with a frequency converter module installed inside it. The others segment includes hybrid/specialty wires &cables that do not fall under any other category mentioned earlier.
Product Definition:
Wind energy cables are used to transmit the electricity created by wind turbines to the grid. The importance of these cables is that they allow for the safe and efficient transfer of this renewable energy source to where it can be used.
Standard Cable:
Cables are used for transmitting electrical energy from one point to another. They are widely used in windmills and hydroelectric plants as they can carry large amounts of electricity without getting affected by the weather and climate conditions.
Premium Cable:
Premium cable is a type of electrical power supply cable used in wind energy cables. It helps in reducing the weight of the wind turbine and thus increases its efficiency. The material composition, construction, and quality are important factors that determine the performance level of premium cables.
The market for premium cables is growing at a significant pace owing to increasing demand from renewable energy sources such as wind and solar power generation sectors which has led to an increase in installation capacities globally over recent years.
Application Insights:
The offshore wind energy application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for clean energy sources and technological advancements in the manufacturing sector.
Offshore wind energy cables are manufactured using polyester or steel wire with a diameter range of 0.35mm-2.0mm, depending on their strength and durability requirements, which are used in sea water depths ranging from 50m up to 200m below sea level.
Regional Analysis:
The wind energy cables market in the U.S. is expected to grow at a CAGR of XX% over the forecast period, owing to increasing investments in offshore and onshore wind farms across the country. The growing installations of these farms are anticipated to drive demand for various types of cables used for power transmission from turbines to substations, which would further propel industry growth over the next eight years.
Europe accounted for more than 30% share in 2016 and is estimated to expand at a significant CAGR during the forecast period due to favorable government policies regarding installation of renewable energy sources such as offshore and onshore wind farms along with other clean technologies such as district heating & cooling (CHP) plants that consume waste heat from industrial processes or power generation units using biomass fuels instead of fossil fuels like gas or coal resulting into reducing environmental pollution thereby boosting industry growth over projected time frame.
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits
- Government initiatives and subsidies for installation of wind turbines
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Technological advancements in wind energy cables that improve performance and reliability
- Growing awareness about the benefits of using renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Energy Cables Market Research Report
By Type
Standard Cable, Premium Cable, Servo Cable, VFD Cable, Others
By Application
Offshore Wind Energy, Onshore Wind Energy
By Companies
General Cable, Nexans, NKT, Prysmian, Sumitomo Electric, Belden, Encore Wire, Finolex, Hangzhou, Hengtong, General Cable, JDR Cables, KEI Industries, LS Cable & System, Southwire, TPC Wire
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Wind Energy Cables Market Report Segments:
The global Wind Energy Cables market is segmented on the basis of:
Types
Standard Cable, Premium Cable, Servo Cable, VFD Cable, Others
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
Offshore Wind Energy, Onshore Wind Energy
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:
- General Cable
- Nexans
- NKT
- Prysmian
- Sumitomo Electric
- Belden
- Encore Wire
- Finolex
- Hangzhou
- Hengtong
- General Cable
- JDR Cables
- KEI Industries
- LS Cable & System
- Southwire
- TPC Wire
Highlights of The Wind Energy Cables 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:
- Standard Cable
- Premium Cable
- Servo Cable
- VFD Cable
- Others
- By Application:
- Offshore Wind Energy
- Onshore Wind Energy
- 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 Wind Energy Cables 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Wind energy cables are a type of electrical cable used to transmit power from wind turbines to the electric grid.
Some of the major companies in the wind energy cables market are General Cable, Nexans, NKT, Prysmian, Sumitomo Electric, Belden, Encore Wire, Finolex, Hangzhou, Hengtong, General Cable, JDR Cables, KEI Industries, LS Cable & System, Southwire, TPC Wire.
The wind energy cables market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Energy Cables 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 Wind Energy Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Energy Cables 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 Wind Energy Cables 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 Wind Energy Cables Market Size & Forecast, 2020-2028
4.5.1 Wind Energy Cables Market Size and Y-o-Y Growth
4.5.2 Wind Energy Cables 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 Standard Cable
5.2.2 Premium Cable
5.2.3 Servo Cable
5.2.4 VFD Cable
5.2.5 Others
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 Offshore Wind Energy
6.2.2 Onshore Wind Energy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Energy Cables 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 Wind Energy Cables 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 Standard Cable
9.6.2 Premium Cable
9.6.3 Servo Cable
9.6.4 VFD Cable
9.6.5 Others
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 Offshore Wind Energy
9.10.2 Onshore Wind Energy
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 Standard Cable
10.6.2 Premium Cable
10.6.3 Servo Cable
10.6.4 VFD Cable
10.6.5 Others
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 Offshore Wind Energy
10.10.2 Onshore Wind Energy
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 Standard Cable
11.6.2 Premium Cable
11.6.3 Servo Cable
11.6.4 VFD Cable
11.6.5 Others
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 Offshore Wind Energy
11.10.2 Onshore Wind Energy
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 Standard Cable
12.6.2 Premium Cable
12.6.3 Servo Cable
12.6.4 VFD Cable
12.6.5 Others
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 Offshore Wind Energy
12.10.2 Onshore Wind Energy
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 Standard Cable
13.6.2 Premium Cable
13.6.3 Servo Cable
13.6.4 VFD Cable
13.6.5 Others
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 Offshore Wind Energy
13.10.2 Onshore Wind Energy
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 Wind Energy Cables Market: Competitive Dashboard
14.2 Global Wind Energy Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Cable
14.3.2 Nexans
14.3.3 NKT
14.3.4 Prysmian
14.3.5 Sumitomo Electric
14.3.6 Belden
14.3.7 Encore Wire
14.3.8 Finolex
14.3.9 Hangzhou
14.3.10 Hengtong
14.3.11 General Cable
14.3.12 JDR Cables
14.3.13 KEI Industries
14.3.14 LS Cable & System
14.3.15 Southwire
14.3.16 TPC Wire
