In order to gather both qualitative and quantitative insights, supply-side and demand-side stakeholders were interviewed during the primary research process. CEOs, VPs of Manufacturing, heads of offshore wind business units, and commercial directors from cable producers, offshore wind farm developers, and engineering, procurement, and construction (EPC) contractors were examples of supply-side sources. Project directors, procurement managers, grid interconnection experts, and technical leads from utility companies, transmission system operators (TSOs), and operators of offshore wind farms were examples of demand-side suppliers. In addition to gathering information on cable procurement trends, price dynamics, installation cost structures, and grid code compliance needs, primary research validated market segmentation and project pipeline timescales.
Primary Respondent Breakdown:
By Designation: C-level Primaries (28%), Director Level (32%), Others (40%)
By Region: North America (28%), Europe (40%), Asia-Pacific (25%), Rest of World (7%)
Global market valuation was derived through revenue mapping and installation volume analysis. The methodology included:
Identification of 35+ key manufacturers and suppliers across North America, Europe, Asia-Pacific, and emerging markets
Product mapping across AC cables, DC cables, high-voltage (HV) cables, extra high-voltage (EHV) cables, buried cables, surface-laid cables, copper conductor cables, aluminum conductor cables, wire armor cables, and tape armor cables
Analysis of reported and modeled annual revenues specific to offshore wind cable portfolios
Coverage of manufacturers representing 75-80% of global market share in 2024
Extrapolation using bottom-up (installation capacity × cable requirement per MW × ASP by region) and top-down (manufacturer revenue validation) approaches to derive segment-specific valuations