Technavio has been monitoring the offshore wind cable market and it is poised to grow by $ 655.89 mn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200903005037/en/

Technavio has announced its latest market research report titled Global Offshore Wind Cable Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Growing offshore renewable energy installations has been instrumental in driving the growth of the market. However, higher investments needed in offshore projects might hamper market growth.

Offshore Wind Cable Market 2020-2024 : Segmentation

Offshore Wind Cable Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43314

Offshore Wind Cable Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our offshore wind cable market report covers the following areas:

This study identifies the innovations in the wind industry as one of the prime reasons driving the offshore wind cable market growth during the next few years.

Offshore Wind Cable Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the offshore wind cable market, including some of the vendors such as ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd. Backed with competitive intelligence and benchmarking, our research reports on the Offshore Wind Cable Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Offshore Wind Cable Market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

Explore Technavio

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200903005037/en/

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: http://www.technavio.com/

Read more from the original source:

COVID-19 Impacts: Offshore Wind Cable Market will Accelerate at a CAGR of over 7% through 2020-2024|Growing Offshore Renewable Energy Installations to...