LONDON--(BUSINESS WIRE)--The offshore wind cable market is expected to grow by USD 655.89 million, progressing at a CAGR of over 7% during the forecast period.
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The growing offshore renewable energy installations is one of the major factors propelling market growth. However, factors such as higher investments needed in offshore projects will hamper market growth.
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Offshore Wind Cable Market: Geographic Landscape
By geography, Europe is going to have a lucrative growth during the forecast period. About 75% of the market’s overall growth is expected to originate from Europe. UK, Germany, and France are the key markets for Offshore Wind Cable Market in Europe.
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Companies Covered:
- ABB Ltd.
- Brugg Kabel AG
- Hellenic Cables SA
- Jiangsu Zhongtian Technology Co. Ltd.
- Leoni AG
- Nexans SA
- NKT AS
- Parker Hannifin Corp.
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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