DUBLIN, September 4, 2017 /PRNewswire/ --
The "Global Offshore Wind Cable Market 2017-2021" report has been added to Research and Markets' offering.
The global offshore wind cable market to grow at a CAGR of 16.52% during the period 2017-2021.
Global Offshore Wind Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers new installations.
One trend in the market is increase in demand for clean power. Power demand is constantly increasing across the globe. Furthermore, growth in population and global economy is expected to drive this trend in the future as well. Rising population growth and increasing economic development would require considerable amounts of power.
According to the report, one driver in the market is innovations in the wind industry. Over the past 15 years, offshore wind power generation has grown from a novel technology to one of the competitive alternative power generation source helping in fighting climate change. In 2001, there were only two countries that had commercial offshore wind power generation, and as of 2016, there were more than 15 countries with offshore wind installed capacity.
Further, the report states that one challenge in the market is increase in reliability and accidental risk. To have a reliable and functional offshore wind farm, cables must be installed, manufactured, and protected from accidents. The protective covering over the cables offers good mechanical protection, and at the same time, these protective coverings will not interact chemically with the salt water. To minimize the risk, offshore wind cables are buried in the seabed.
- General Cable
- Sumitomo Electric Industries
Other prominent vendors
- Able UK
- Brugg Cables
- JDR Cable Systems
- LS Cable & System
- PARKER HANNIFIN
- TPC Wire & Cable
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Product
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/zsn28d/global_offshore
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SOURCE Research and Markets