Visiongain has published a new study on Dynamic Export Cable Market Report : Market Segment Breakdown by Insulation Type (Low Density Polyethylene (LDPE), Cross Linked Polyethylene (XLPE), Ethylene Propylene Rubber (EPR), Other Insulation Type) Market Segment Breakdown by Voltage Class (33kV, 132kV, 150kV, 220kV, 220kV Above, Other Voltage Class) Market Segment Breakdown by Design (Dry Design, Semi-Wet Design, Wet Design) Market Segment Breakdown by Application (Floating Offshore Wind Stations, Oil & Gas Floating Platforms, Floating Offshore Solar Stations, Other Application) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain lead expert says: ‘The global dynamic export cable market is estimated to be in terms of cumulative value at US$1887.6 million in 2020 and is projected to reach at a cumulative value of US$12,351.5 million by 2031. Global market is expected to grow at a CAGR of 16.5% during the forecast period 2021-2031. The market is estimated to grow at a CAGR of 23.8% in the first half period2021-2026 and is projected to grow at CAGR of 9.7% in the other half period 2026-2031′.
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Key questions answered in this exclusive report are:
- What can be the best investment options for new product and service lines in dynamic export cables?
- In order to make new research and development funding, what value proposals should businesses target?
- Which rules will enhance the supply chain network for stakeholders?
- In which regions in certain segments the demand may mature in the near future?
- What are some of the best cost optimization strategies with suppliers with which some well-trained players succeed?
- What are the key prospects for moving companies into a new growth path? C-suite?
- What regulations in government could challenge the status of key regional markets?
- How will the emerging political and economic scenario affect chances in key fields of growth
- In different segments, what are the value-taking opportunities?
- How are new players on the market going to prevent entry?
Growth Rate of 16.5%, Can Your Company Cope up with the Market Growth?
Offshore wind market projections show accelerated growth in the next decade, with cumulative capacity ranging from 154 to 193 GW by 2030, and long-range predictions of over 500 GW by 2050. In this context, offshore wind is still at an early stage with respect to the maturity of the technology, supply chain, and infrastructure. The pace of progress and development of the global supply chain is likely to be strongly influenced in the near term by the growth in turbine generating capacity, rising toward 15 MW
Cost Reduction and Supply Chain Are the Revenue Hot Spots
From an industry life-cycle perspective, the current stage of offshore wind can be classified as the growth phase, to accelerate further cost reduction and eventually become completely subsidy free, a strong project pipeline, long-term visibility, and a well-managed global supply chain that increases competition and capacity will all be paramount to the growth of the wind industry as well as technology-based innovation. Cost Reduction and Supply Chain of the additional capacity required, Wind Europe estimates that 380 GW of offshore wind could be developed in the North Sea region alone, and would need to be integrated into mainland grids, in order to achieve climate neutrality targets, set by the European Commission.
Leading companies and the potential for market growth
- Cleveland Cable Company
- Hengtong Group
- KEI Industries Limited
- LS Cable & System Asia Ltd.
- Nexans SA
- NKT A/S
- Sumitomo Electric Industries, Ltd.
- Grand Ocean Marine Co., Ltd.
- Prysmian SpA
- Leoni AG
- TIM SA
- Furukawa Electric Co., Ltd.
- Yangtze Optical Fibre and Cable
- Hellenic Cables Group
- JDR Cable Systems
- TE SubCom
- SSG Cable Group
- Falmat Inc
The Global Dynamic Export Cables Market Report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
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