Market Overview:
The global offshore cable market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources, such as wind and solar power, and the rising demand for oil and gas. The global offshore cable market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into inter-array cables and export cables. Inter-array cables are used to connect different arrays of wind turbines within a wind farm while export cables are used to transmit electricity from an offshore wind farm to onshore substations or vice versa. On the basis of application, the market can be classified into oil and gas drilling, offshore wind turbine installation/maintenance/repairing activities (O&M), subsea communications infrastructure installation & maintenance (SCIM), submarine power transmission lines (PPLs), floating production storage & offloading facilities (FPSOs) etc., Others includes dredging works carried out in marine areas etc.
Product Definition:
An offshore cable is a submarine telecommunications cable laid between two or more points offshore, usually in international waters. Offshore cables carry telephone, broadband, and other digital communications traffic.
Inter-array Cable:
Inter-array cable is a type of sea cable, which consists of several hundred wires that are laid between two ships or offshore platforms. The purpose of this cable is to transfer the electrical power from one side to another without any loss. It has various applications in oil & gas industry and for laying undersea pipelines.
Export Cable:
An export cable is a communication channel between an offshore wind farm and the power grid. It consists of a pair of conductors that are enclosed in PVC or polyvinyl chloride sheath, which is floating on the surface of the water. The cable has two ends; one end is connected to an underwater electrical substation and other end is connected to land-based electrical substation through an underwater repeater.
Application Insights:
The offshore wind turbine application segment accounted for the largest revenue share of over 30% in 2017. The growing need to interconnect countries with different energy resources, increasing focus on renewable energy generation, and favorable government policies are some of the key factors driving this market.
Offshore cables are used in numerous applications across various industries including oil and gas drilling, power generation & transmission, healthcare information technology infrastructure etc. The other application segment includes applications such as data communication between ships at sea or land-based mobile stations connected to a submarine cable system that uses optical fiber cables for signal transfer over long distances underwater.
Increasing demand from data centers operating globally is expected to drive the demand for offshore grid connections along with an increase in cloud computing activities thereby propelling growth during the forecast period from 2018 to 2030.
Regional Analysis:
Asia Pacific offshore cable market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing investments in the oil and gas sector, particularly in China and India. For instance, in December 2017, China Energy Group (CNG) signed a contract with Russia’s state-owned Gazprom for the construction of two natural gas pipelines across the Russian Arctic region. The pipeline will have an estimated capacity of 865 kilotons per day and would run parallel to existing pipelines between Vyborg port city on White Sea and Ust-Luga port city on Baltic Sea coast.
The project is expected to be completed by 2019 and its supply would depend upon availability of resources as well as ice free conditions in Russian rivers during transportation season from late May till late August every year.
Growth Factors:
- Increasing demand for data and communication: The increasing demand for data and communication is one of the primary growth drivers for the offshore cable market. This can be attributed to the growing number of internet users, rising number of mobile subscribers, and surging demand for bandwidth-intensive applications such as video streaming, online gaming, and cloud services.
- Proliferation of 4G/LTE networks: The proliferation of 4G/LTE networks is another key factor that is expected to fuel the growth of the offshore cable market in coming years. LTE offers faster data speeds than 3G technologies, which is resulting in an increase in demand for high-speed broadband connectivity across different regions worldwide.
- Favorable regulatory environment: A favorable regulatory environment is also aiding the growth prospects of the offshore cable market. For instance, several countries are investing heavily in submarine cables as part of their national broadband plans to provide high-speed internet access to all citizens at affordable rates. This is encouraging telecom service providers to adopt new submarine cables systems instead if relying on older ones or satellite connections alone..
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Cable Market Research Report
By Type
Inter-array Cable, Export Cable
By Application
Offshore Wind Turbine, Oil and Gas Drilling, Other
By Companies
ABB, Nexans, NKT, Prysmian, General Cable, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, TPC Wire & Cable, Fujikura, JDR Cable Systems, Able, Brugg Cables, LEONI, Fujikura
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Cable Market Report Segments:
The global Offshore Cable market is segmented on the basis of:
Types
Inter-array Cable, Export 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
Offshore Wind Turbine, Oil and Gas Drilling, Other
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
- TPC Wire & Cable
- Fujikura
- JDR Cable Systems
- Able
- Brugg Cables
- LEONI
- Fujikura
Highlights of The Offshore Cable 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:
- Inter-array Cable
- Export Cable
- By Application:
- Offshore Wind Turbine
- Oil and Gas Drilling
- Other
- 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 Offshore Cable 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
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- Consumer Insights
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- 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?
Offshore cable is a telecommunications cable that is laid in the ocean. It connects offshore wind farms and other offshore energy facilities to the mainland. Offshore cables are also used to connect offshore oil and gas platforms to shorelines.
Some of the key players operating in the offshore cable market are ABB, Nexans, NKT, Prysmian, General Cable, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, TPC Wire & Cable, Fujikura, JDR Cable Systems, Able, Brugg Cables, LEONI, Fujikura.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Cable Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Cable Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Cable Market - Supply Chain
4.5. Global Offshore Cable Market Forecast
4.5.1. Offshore Cable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Cable Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Cable Market Absolute $ Opportunity
5. Global Offshore Cable Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Cable Market Size and Volume Forecast by Type
5.3.1. Inter-array Cable
5.3.2. Export Cable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Cable Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Cable Market Size and Volume Forecast by Application
6.3.1. Offshore Wind Turbine
6.3.2. Oil and Gas Drilling
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Cable Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Cable Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Cable Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Cable Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Cable Demand Share Forecast, 2019-2026
9. North America Offshore Cable Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Cable Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Cable Market Size and Volume Forecast by Application
9.4.1. Offshore Wind Turbine
9.4.2. Oil and Gas Drilling
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Cable Market Size and Volume Forecast by Type
9.7.1. Inter-array Cable
9.7.2. Export Cable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Cable Demand Share Forecast, 2019-2026
10. Latin America Offshore Cable Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Cable Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Cable Market Size and Volume Forecast by Application
10.4.1. Offshore Wind Turbine
10.4.2. Oil and Gas Drilling
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Cable Market Size and Volume Forecast by Type
10.7.1. Inter-array Cable
10.7.2. Export Cable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Cable Demand Share Forecast, 2019-2026
11. Europe Offshore Cable Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Cable Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Cable Market Size and Volume Forecast by Application
11.4.1. Offshore Wind Turbine
11.4.2. Oil and Gas Drilling
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Cable Market Size and Volume Forecast by Type
11.7.1. Inter-array Cable
11.7.2. Export Cable
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Cable Demand Share, 2019-2026
12. Asia Pacific Offshore Cable Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Cable Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Cable Market Size and Volume Forecast by Application
12.4.1. Offshore Wind Turbine
12.4.2. Oil and Gas Drilling
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Cable Market Size and Volume Forecast by Type
12.7.1. Inter-array Cable
12.7.2. Export Cable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Cable Demand Share, 2019-2026
13. Middle East & Africa Offshore Cable Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Cable Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Cable Market Size and Volume Forecast by Application
13.4.1. Offshore Wind Turbine
13.4.2. Oil and Gas Drilling
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Cable Market Size and Volume Forecast by Type
13.7.1. Inter-array Cable
13.7.2. Export Cable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Cable Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Cable Market: Market Share Analysis
14.2. Offshore Cable Distributors and Customers
14.3. Offshore Cable Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nexans
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NKT
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prysmian
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Cable
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo Electric Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Parker Hannifin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LS Cable & System
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TPC Wire & Cable
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fujikura
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JDR Cable Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Able
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Brugg Cables
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LEONI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fujikura
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
