Offshore Wind Cable Industry Forecast 2019-2025

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Offshore Wind Cable Market 2019 Regional Trend
Growth Projections to 2025
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Global Market Scenario of Offshore Wind Cable
Industry

• The Offshore Wind Cable Market report research
  highlights key dynamics of the global sector. The
  potential of the industry has been investigated
  along with the key challenges. The current market
  scenario and prospects of the sector has also
  been studied.
• Growing preferences for clean energy generation
  owing to the depleting fossil fuel reserves is
  anticipated to drive offshore wind cable market
  growth. As per GWEC, the global offshore wind
  installed capacity raised by 0.5 during
  2017-2018. The fiscal term witnessed an increase
  of 5 GW up surging the total installed capacity
  to 23 GW.
• Additionally, the declining component prices from
  government subsidies to promote clean offshore
  energy generation will enhance the industry
  outlook. The offshore wind cable market is slated
  to grow exponentially pertaining to some the key
  influencers stated underneath.

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Continue-
Land availability and favorable climatic
factors The land availability for onshore wind
projects is less as compared to offshore wind
projects. In addition, human intervention across
onshore wind farms is also more that has been
favoring growth of offshore wind projects.
Limitations of land availability and increasing
human interventions across onshore wind farm
across the globe are expected to support offshore
wind cable business scenario over forecast
timeframe. Moreover, the offshore wind farms
provide numerous advantages over onshore sites.
Wind speeds greatly influence the power
generation process, even a slight increase in
wind speed significantly amplifies the power
generation. For instance, a wind turbine spun by
15 mph wind can yield almost double the energy
produced from a turbine operating at 12 mph wind
speed. The wind speeds at offshore locations are
much higher and more constant as compared to the
wind speeds of the onshore locations. These
climatic factors are expected to lead toward
increasing deployment of offshore winds farms,
further boosting the offshore wind cable industry
outlook.
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China Offshore Wind Cable Market, By Technology,
2018 2025 (USD Million)
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ore-wind-cable-market
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360 Industry Analysis

• On-going offshore wind infrastructure investments
  across Europe
• Europe offshore wind cable market will observe
  significant gains on account of the enormous
  existence of offshore wind farms in the region.
  Government approaches to utilize the total
  offshore potential along with strict
  environmental codes to limit carbon footprint
  will significantly boost the regional offshore
  wind cable market size. Currently, Europe has 105
  offshore wind farms having a total capacity of
  18.5 GW spread across 11 countries of the region.
  
• Europe is expected to lead offshore wind cable
  market growth on account of the increasing number
  of offshore wind farms and intercountry power
  transmissions to ensure security of the power
  supply. According to a report published by the
  Wind Europe, in 2018, Europes offshore wind
  capacity sharply increasing by 18 owing to a new
  installations of 2.6 GW offshore wind energy
  capacity. UK and Germany shared an about 85 of
  the new capacity of 1.3 GW and 969 MW
  respectively. The region witnessed about 15 new
  offshore wind farms that commenced energy
  production in the year.

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Industry Background
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• Competitive Analysis
• Nexans
• Prysmian
• ZTT International
• NKT
• Sumitomo Electric
• JDR Cable
• Furukawa Electric
• Ningbo Wires and Cables
• and LS Cable Systems among others.
• Browse Press Release _at_ https//www.gminsights.com/
  pressrelease/offshore-wind-cable-market

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