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.
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.
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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Five Forces Analysis
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