PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528977
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528977
North America Inter Array Offshore Wind Cable Market size is projected to record 16.4% CAGR from 2024 to 2032 due to the ongoing expansion of offshore wind farms and rising investments in renewable energy infrastructure. Offshore wind developers are installing cables to connect wind turbines within wind farms to facilitate the transmission of electricity to onshore grids.
Consequently, advancements in cable technology are improving efficiency and reliability for supporting larger and more efficient wind farms. For instance, in July 2024, DeepOcean was awarded a contract by RWE for the Nordseecluster A offshore wind project in Germany. This included trenching, transport, and installation of inter-array cables for wind farms in the German North Sea for supporting RWE's 1.6 GW investment decision.
The North America inter array offshore wind cable market is segregated into voltage rating, conductor material and country.
In terms of voltage rating, the 34 kV to 66 kV segment is expected to record a significant CAGR from 2024 to 2032 due to the strong need for facilitating efficient transmission of electricity within offshore wind farms. Wind cables are designed to handle higher voltages to enable greater power transmission capacity and reduce energy losses over longer distances. Developers are also exploring higher voltage ratings to support larger wind farms and enhance the overall system efficiency.
By conductor material, the North America inter array offshore wind cable industry from the aluminum segment is projected to rise from 2024 to 2032, driven by its lightweight and corrosion-resistant properties which are crucial for marine environments. Aluminum is widely employed to ensure efficient power transmission within offshore wind farms to reduce weight and installation costs. In addition, advancements in aluminum alloy compositions and manufacturing techniques are optimizing energy transmission capabilities whilst contributing to the sustainability and reliability of offshore wind energy infrastructure.
Canada inter array offshore wind cable market size is projected to exhibit robust growth between 2024 and 2032, fueled by rising environmental concerns and stringent regulations that prioritize sustainable energy solutions. These factors are fostering the development of offshore wind farms and the installation of inter-array cables to support clean energy transmission. Government initiatives and policies are further supporting the industry growth in the country by providing incentives and frameworks for renewable energy projects.