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Offshore Wind Cables Report 2019
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Global Market Insights

Offshore Wind Cables Manufacturing and Installation Forecast 2019 - 2029

This report shows a huge opportunity for manufacturers, suppliers and other companies involved in producing and installing offshore wind power cables in the next five years: Key figures include:
  • Global offshore wind capacity will skyrocket from 20.5GW today to over 55GW in 2024
  • The global market for cables will grow by 57% from £717m this year to over £1,130m by 2023
  • Over 9,600km of array cables and 6,750km of export cables are needed, respectively, between 2020 and 2024
  • Under 25% of the cables required have been contracted to date - the opportunities are huge!
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