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Europe Offshore Wind Cable Market Size
- Report ID: GMI6626
- Published Date: Sep 2023
- Report Format: PDF
Europe Offshore Wind Cable Market Size
Europe Offshore Wind Cable Market size was valued at USD 1.3 billion in 2022 and is estimated to record a CAGR of more than 38.9% during 2023 and 2032. Driven by strong technological prospects for offshore wind farms coupled with growing emphasis on the use of sustainable energy sources will further boost the industry outlook.
Offshore wind cables are designed to withstand the harsh marine environment, including high waves, strong currents, and corrosive saltwater. They typically consist of several layers, including conductor wires for electricity transmission, insulation layers for electrical isolation, shielding for protection against electromagnetic interference, and an outer sheath for mechanical and environmental protection. Thereafter, the long-term investments in offshore wind cables couple with increasing green power demand will support the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Europe Offshore Wind Cable Market Size in 2022: | USD 1.27 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 44.2% |
| 2032 Value Projection: | USD 24.49 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 229 |
| Segments covered: | Technology, Conductor Material |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Offshore Wind Cable Market Scope
