해상 풍력 케이블 시장 규모, 점유율 및 성장 분석 : 유형별, 재질별, 설치 유형별, 최종 용도별, 지역별 - 업계 예측(2026-2033년)

Offshore Wind Cable Market size was valued at USD 4.34 Billion in 2024 and is poised to grow from USD 5.34 Billion in 2025 to USD 27.97 Billion by 2033, growing at a CAGR of 23% during the forecast period (2026-2033).

The offshore wind cable sector is experiencing robust growth driven by the increasing demand for electricity and rising emissions from traditional energy sources. The inter-array cable segment has emerged as a dominant force, connecting individual turbines in offshore wind farms. As the energy landscape shifts towards renewables-such as wind, solar, geothermal, and waste-to-energy-the market for offshore wind continues to gain momentum due to its capacity for high-power generation and minimal land acquisition requirements. Offshore installations benefit from lower noise levels and a more stable wind supply, enhancing their attractiveness. Consequently, demand for high-capacity subsea cables is experiencing significant upticks, highlighting their critical role in efficiently transmitting large power volumes from offshore sites to base substations.

Top-down and bottom-up approaches were used to estimate and validate the size of the Offshore Wind Cable market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Offshore Wind Cable Market Segments Analysis

Global Offshore Wind Cable Market is segmented by Type, Material, Installation Type, End-Use and region. Based on Type, the market is segmented into Export Cables, Inter-array Cables and Dynamic Cables. Based on Material, the market is segmented into Copper, Aluminum and Others (composite materials). Based on Installation Type, the market is segmented into Submarine Cables (Underwater), Buried Cables and Floating Cables. Based on End-Use, the market is segmented into Offshore Wind Turbines, Offshore Substations and Grid Connection Systems. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Offshore Wind Cable Market

The expansion of the offshore wind cable market is significantly influenced by supportive regulatory frameworks, along with various subsidies and incentives that governments implement to encourage the development of renewable energy initiatives, particularly offshore wind farms. These favorable policies create an attractive investment environment, fostering growth and innovation within the sector. By prioritizing renewable energy projects through financial assistance and streamlined regulations, authorities stimulate interest and participation from industry stakeholders, thereby propelling the overall advancement of offshore wind infrastructure and, consequently, the associated cable market. This proactive governmental approach is essential in facilitating a more sustainable energy landscape.

Restraints in the Offshore Wind Cable Market

The considerable initial capital expenditure needed to establish offshore wind farms, which encompasses the cost of cable installation, poses a major obstacle, particularly for developing nations with constrained financial capabilities. This financial burden can hinder the ability of these economies to invest in renewable energy infrastructure, potentially slowing the growth of the offshore wind cable market. As such, the reliance on substantial funding can deter prospective investors and limit participation, ultimately affecting the overall advancement of offshore wind energy initiatives. Addressing these financial challenges is essential to foster greater investment and development in this burgeoning sector.

Market Trends of the Offshore Wind Cable Market

The Offshore Wind Cable market is witnessing a significant trend towards the adoption of high voltage cables, driven by the increasing demand for efficient power transmission over expanding distances. These higher voltage-rated cables not only minimize energy loss but also enhance the overall economics of offshore wind projects. As the industry shifts towards larger wind farms located further from shore, the need for robust and efficient cabling solutions becomes paramount. This transition is underscored by advancements in materials and technology, which facilitate improved performance and reliability, positioning high voltage cables as a critical component in the growth of renewable energy infrastructure.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Technology Advancement
• Regulatory Landscape
• Patent Analysis

Global Offshore Wind Cable Market Size by Type & CAGR (2026-2033)

• Market Overview
• Export Cables
• Inter-array Cables
• Dynamic Cables

Global Offshore Wind Cable Market Size by Material & CAGR (2026-2033)

• Market Overview
• Copper
• Aluminum
• Others (composite materials)

Global Offshore Wind Cable Market Size by Installation Type & CAGR (2026-2033)

• Market Overview
• Submarine Cables (Underwater)
• Buried Cables
• Floating Cables

Global Offshore Wind Cable Market Size by End-Use & CAGR (2026-2033)

• Market Overview
• Offshore Wind Turbines
• Offshore Substations
• Grid Connection Systems

Global Offshore Wind Cable Market Size & CAGR (2026-2033)

• North America (Type, Material, Installation Type, End-Use)
  • US
  • Canada
• Europe (Type, Material, Installation Type, End-Use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Material, Installation Type, End-Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Material, Installation Type, End-Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Material, Installation Type, End-Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Nexans S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prysmian Group (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NKT A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LS Cable & System Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Electric Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Furukawa Electric Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fujikura Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hellenic Cables Group (Greece)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ningbo Orient Wires & Cables Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hydro Group plc (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ZTT Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Cable Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ABB Ltd. (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Brugg Cables (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KEI Industries Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Southwire Company, LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TFKable Group (Poland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Taihan Electric Wire Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations