Wind Energy Cable Market (By Product Type- Low-Voltage Power Cables (600 V), Medium-Voltage Power Cables (15 to 46 kv), Market By Application- Power Transmission, Information Transfer)- Global Industry Size, Share, Trends, and Forecast 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 150

Introduction

Wind energy cables is a normally a combination of high quality, thermosetting, rubber insulation, and sheathing. These cables require to be resistant to standard temperature ranges between -40°C and 90°C. The wind farms location mainly depends on whether it is onshore or offshore. Moreover, it is expected that wind energy cables resist different types of weather conditions such as high winds, salt water and extreme low/high temperatures. The cables which are installed within the nacelle and tower of a wind turbine are faced with a severe environment that includes flexing, vibration, electromagnetic interference, high-torsion stress, oil and ozone. Additionally, the wind energy cables also need to be resistant to fuel, coolant, oil, corrosive chemicals, and abrasion.

Market Dynamics

The market is driven mainly by one of the major factor such as increasing investment in offshore wind turbines.  The growing preference for renewable power and rising requirement to lower the carbon emissions are some of the other factors which are further driving the growth of the market. Additionally, the enhancements in the wire technology is one of the major trends that will contribute to the growth of the market. The increasing demand for power may boost the market growth. The population is increasing exponentially and is expected to grow more in future, therefore this will lead to rise the demand for the power.

Market Classification and Overview

The global wind energy cable is segmented into product type, application, and region. Based on the product type, the market is segmented into low-voltage power cables (600 v) and medium-voltage power cables (15 to 46 kv). On the basis of application, the market is segmented into power transmission, information transfer, and others.

Regional Overview

Geographically, the global wind energy cable is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA). North America is expected to be the highest in expenditure during the forecast period in terms of upgrade programs and maintenance, repair, operations (MRO). Rapid urbanization and industrialization in this region is expected to improve energy demand, which in turn drives the market. Europe is expected to hold the major share during the forecast period owing to the growing installation of wind farms, growing investments in installation of offshore wind farms, and aging of older wind farms. Asia Pacific is expected to account for the second largest market owing to the increasing government support through different subsidies, growing turbine demands from existing and proposed wind farms, and cheap raw material availability. Additionally, LAMEA is estimated to have the steady growth owing to the less government support and poor economic condition.

Report Coverage

Market

Wind Energy Cable Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Types, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

The global wind energy cable market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2026, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2026 as the forecast period to estimate the market size for wind energy cable.

Market Participants

The wind energy cable market comprises of some of the major players such as

  • Nexans
  • ABB
  • General Cable
  • JDR
  • Prysmian Group
  • Parker Scanrope
  • NSW
  • LS Cable & System
  • NKT
  • Others

For instance, in January 2018, Nexans, a global cabling solutions company acquired a controlling interest in BE CableCon, a Denmark-based manufacturer and supplier of cable kits for wind turbines

Market Segmentation

Market By Product Type

  • Low-Voltage Power Cables (600 V)
  • Medium-Voltage Power Cables (15 to 46 kv)

Market By Application

  • Power Transmission
  • Information Transfer
  • Others

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Related Reports

Floor Coatings Market (By Product: Acrylic, Epoxy, Polyurethane, Polyaspartic, Methyl Methacrylate; By Component: Triple, Double, Single, Others; By Application: Terrazzo, Wood, Concrete, Others; By End-User: Commercial, Industrial, Residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

According to Acumen Research and Consulting, the global floor coatings market size is estimated to reach around US$ 4.1 billion by 2026 and growing at striking CAGR around 6.5 % over the forecast time frame. The floor is likely the region in houses where enormous quantity of wear is involved and thus more maintenance is required. Floor coatings provide safety, elevated level of abrasion, chemical s

Bulk Container Packaging Market (By Product: Flexitanks, Flexible Intermediate Bulk Container, Bulk Container Liners; By Application: Food & Beverage, Chemicals) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

According to Acumen Research and Consulting, the global Bulk Container Packaging market is forecasted to grow at striking CAGR around 7 % over the forecast time frame and reach around US$ 6.5 billion by 2026. The products used for the transport and storage of drinks, oil and fat, food products in large quantities and quantities are known as container packaging for bulk. Bulk container liners, flexi

Plastic Compounding Market (By Polymer Type: Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene & Expanded Polystyrene, Polyethylene Terephthalate, Polyurethane, Acrylonitrile Butadiene Styrene, Other Polymers; By End Use: Packaging, Building & Construction, Automotive, Electrical & Electronics, Medical, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global plastic compounding market size is poised to reach over USD 95,425.3 Million by 2026 and is expected to grow at CAGR 6.9% during the forecast period, 2019-2026. Plastic compounding is an effective process preparing plastics formulations by blending additives and polymers in the molten state and is normally done by extrusion. In this process characteristics of basic plastics are transformed to create plastic formulat

Homopolymer Acrylic Filter Bags Market (By Surface Finish: Singeing & Calendering, Plain; By Coating: Anti-static, PTFE Coating, Oleophobic, Hydrophobic, Flame Retardant, Anti-acid, Other; By Application: Pharmaceuticals, Cement, Power Generation, Chemicals, Metal, Food & Beverage, Oil & Gas, Coal, Printing & Dyeing, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

By 2026, the global Homopolymer acrylic filter bags market is expected to reach USD 1.3 billion and is expected to grow at the CAGR of 4.8% during the forecasted period 2019-2026. The homopolymer acrylic filter bags packaging market is expected to witness significant growth in the future due to its increased demand in Application industries such as food & beverage and healthcare. Significant ch

Phenolic Resin Market (By Type: Novolac Resin, Resol Resin, Others; By Application: Wood Adhesives, Insulation, Coatings, Laminates, Paper Impregnation, Foundry, Molding Compound, Others, By End User: Automotive, Furniture, Electrical & Electronics, Building & Construction, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global phenolic resin Market is expected to grow at CAGR 4.8% during the forecast period, 2019-2026 and will reach over USD 15.3 Billion by 2026. Phenolic resins are one of the most adaptive materials with diverse application scope having a number of properties such as sustainability, high heat, porosity, flexibility, chemical resistance, and sliding proeperties are anticipated to promote its d

Refinery Catalyst Market (By Type: Alkylation, Fluid Catalytic Cracking, Reforming & Isomerization, Hydroprocessing; By Material: Metal, Zeolite, Chemical Compound) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

According to Acumen Research and Consulting, the global refinery catalyst market size is poised to reach around US 5.8 billion by 2026 and growing at noteworthy CAGR of 3.7 % throughout the forecast period 2019 to 2026. The rates of chemical reactions in refineries are commonly used by refineries in petroleum refinery due to their ownership. In addition, the quality of the petrol products generated

Cart Summary