Export Offshore Wind Cable Market Growth, Size, Trends, Analysis and Segment Forecast to 2034
Global Export Offshore Wind Cable Market Growth, Size, Trends Analysis- By Voltage Rating, By Conductor Material - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25149 | Pages: 1 - 260 | Formats*: |
| Category : Power & Energy | |||
Export Offshore Wind Cable Market Introduction and Overview
According to SPER Market Research, the Global Export Offshore Wind Cable Market is estimated to reach USD 48.54 billion by 2034 with a CAGR 32.48%.
The report includes an in-depth analysis of the Global Export Offshore Wind Cable Market, including market size and trends, product mix, Applications, and supplier analysis. The global Export Offshore Wind Cable Market was valued at USD 2.91 billion in 2024 and is expected to grow at a CAGR of over 32.48% from 2025 to 2034. Export wind cables are specialized power cables designed to transmit electricity from offshore wind farms to onshore electrical grids. Engineered to endure harsh marine environments—including saltwater exposure, strong currents, and extreme weather—they ensure the safe and efficient transfer of renewable energy from sea to land. These cables are essential in connecting offshore turbines to onshore infrastructure. As nations pursue renewable energy targets and reduce dependence on fossil fuels, demand for such systems is growing. Technological advancements in cable materials, design, and manufacturing are further supporting market growth and encouraging the adoption of sustainable, long-distance power transmission solutions.
By Voltage Rating:
High-voltage export offshore wind cables are expected to see highest growth due to the increasing capacity of offshore wind farms, which require efficient transmission of electricity to onshore grids. This drives the demand for cables with higher voltage ratings. Advances in materials, insulation, and cable design are enhancing the durability and reliability of these cables in harsh marine environments. Additionally, the ability to support cost-effective project implementation further boosts the adoption and market potential of these high-capacity transmission solutions.
By Conductor Material:
Copper export offshore wind cables dominated the market in 2024, driven by the growing demand for long-distance, high-current transmission solutions. Copper’s excellent conductivity, combined with its strength and resistance to corrosion in harsh offshore environments, makes it ideal for such applications. Additionally, stringent safety and performance standards imposed by regulatory authorities are supporting wider adoption, as these cables meet the rigorous requirements necessary for reliable and efficient offshore wind power transmission.
Regional Insights:
The European export offshore wind cable market is set to grow, driven by strong government investments in wind energy and the adoption of advanced technologies by key players. Strategic mergers and acquisitions, along with a shift toward harnessing high wind potential in marine areas, will further boost industry growth. In the U.S., supportive regulations and new initiatives—such as the federal-state offshore wind partnership launched by the Department of Energy—are strengthening clean energy goals and expanding the offshore wind energy sector.
Market Competitive Landscape:
The global Export Offshore Wind Cable Market is moderately consolidated, with several prominent players shaping the industry. Key companies include: FURUKAWA ELECTRIC CO., LTD, Hellenic Cables, HENGTONG GROUP CO., LTD., Hydro Group, Jan De Nul, JDR Cable Systems Ltd., LS Cable & System Ltd., NEXANS, Ningbo Orient Wires & Cables Co., NKT A/S, Prysmian Group, Seaway7, Sumitomo Electric Industries, Ltd., ZTT.
Recent Developments:
In January 2024, Jan De Nul Group secured a contract with Ørsted to install and protect two DC export cables for the Hornsea 3 offshore wind farm, located 160 km off the Yorkshire coast. Spanning 350 km, the cables will connect the wind farm to the UK grid, powering over 3.3 million homes. This project will enhance the company’s customer base and support regional renewable energy supply.
In November 2023, NEXANS installed a 138 kV, 110 km export cable at the South Fork Offshore Wind Farm to deliver 132 MW of power to Long Island, supplying around 70,000 homes. The project showcases the company’s subsea cable capabilities in the U.S.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Voltage Rating, By Conductor Material |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | FURUKAWA ELECTRIC CO., LTD, Hellenic Cables, HENGTONG GROUP CO., LTD., Hydro Group, Jan De Nul, JDR Cable Systems Ltd., LS Cable & System Ltd., NEXANS, Ningbo Orient Wires & Cables Co., NKT A/S, Prysmian Group, Seaway7, Sumitomo Electric Industries, Ltd., ZTT. |
Key Topics Covered in the Report
- Global Export Offshore Wind Cable Market Size (FY’2021-FY’2034)
- Overview of Global Export Offshore Wind Cable Market
- Segmentation of Global Export Offshore Wind Cable Market By Voltage Rating (132 kV & Less, 132 kV & Above)
- Segmentation of Global Export Offshore Wind Cable Market By Conductor Material (Aluminum, Copper)
- Statistical Snap of Global Export Offshore Wind Cable Market
- Expansion Analysis of Global Export Offshore Wind Cable Market
- Problems and Obstacles in Global Export Offshore Wind Cable Market
- Competitive Landscape in the Global Export Offshore Wind Cable Market
- Details on Current Investment in Global Export Offshore Wind Cable Market
- Competitive Analysis of Global Export Offshore Wind Cable Market
- Prominent Players in the Global Export Offshore Wind Cable Market
- SWOT Analysis of Global Export Offshore Wind Cable Market
- Global Export Offshore Wind Cable Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths
5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Export Offshore Wind Cable Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Export Offshore Wind Cable Market
7.Export Offshore Wind Cable Market, By Voltage Rating (USD Million) 2021-2034
7.1.132 kV & Less7.2.132 kV & Above
8.Export Offshore Wind Cable Market, By Conductor Material (USD Million) 2021-2034
8.1.Aluminum8.2.Copper
9.Export Offshore Wind Cable Market, (USD Million) 2021-2034
9.1.Export Offshore Wind Cable Market Size and Market Share
10.Export Offshore Wind Cable Market, By Region, (USD Million) 2021-2034
10.1.North America10.2.Latin America10.3.Asia-Pacific10.4.Europe10.5.Middle East & Africa
11.Company Profile
11.1.FURUKAWA ELECTRIC CO., LTD11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments11.2.Hellenic Cables11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments11.3.HENGTONG GROUP CO., LTD.11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments11.4.Hydro Group11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments11.5.Jan De Nul11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments11.6.JDR Cable Systems Ltd.11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments11.7.LS Cable & System Ltd.11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments11.8.NEXANS11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments11.9.Ningbo Orient Wires &Cables Co.11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments11.10.NKT A/S11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments11.11.Prysmian Group11.11.1.Company details11.11.2.Financial outlook11.11.3.Product summary11.11.4.Recent developments11.12.Seaway711.12.1.Company details11.12.2.Financial outlook11.12.3.Product summary11.12.4.Recent developments11.13.Sumitomo Electric Industries, Ltd.11.13.1.Company details11.13.2.Financial outlook11.13.3.Product summary11.13.4.Recent developments11.14.ZTT11.14.1.Company details11.14.2.Financial outlook11.14.3.Product summary11.14.4.Recent developments11.15.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Export Offshore Wind Cable Market is projected to reach USD 48.54 by 2034, growing at a CAGR of 32.48 % during the forecast period.
Export Offshore Wind Cable Market size from 2025. The Market is expected to reach USD 48.54 by 2034, at a CAGR of 32.48% during the forecast period.
Export Offshore Wind Cable Market CAGR of 32.48% during the forecast period.
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Export Offshore Wind Cable Market size is USD 48.54 from 2025 to 2034.
Export Offshore Wind Cable Market covered By Voltage Rating, By Conductor Material
The North America is anticipated to have the highest Market share in the Export Offshore Wind Cable Market .
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FURUKAWA ELECTRIC CO., LTD, Hellenic Cables, HENGTONG GROUP CO., LTD., Hydro Group, Jan De Nul, JDR Cable Systems Ltd., LS Cable & System Ltd., NEXANS, Ningbo Orient Wires & Cables Co., NKT A/S, Prysmian Group, Seaway7, Sumitomo Electric Industries, Ltd., ZTT.
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The report includes an in-depth analysis of the Global Export Offshore Wind Cable Market, including market size and trends, product mix, Applications, and supplier analysis.
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