Wind Farm Infield Cables Market Size, Trends & Industry 2031

Report Description

The global wind farm infield cables market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market is driven by the growing dependence on renewable energy sources and increasing environmental awareness.

Major environmental problems such as global warming and the greenhouse effect have compelled major industries around the globe to reduce their carbon footprint and increase their dependence on renewable energy sources instead of fossil fuels. Wind energy is one of the major reliable sources of renewable power generation.

Get Free Sample Report

Wind farms are being established and used by industries and governments globally to generate electricity. The growing adoption of renewable energy measures for power production through natural sources is expected to boost market growth during the forecast period.

• According to the report published by Global Wind Energy Council, titled Global Wind Report 2022, the global capacity for wind power has currently reached approximately 837 GW. This reduces over 1.2 tons of carbon dioxide emissions globally, which is almost equivalent to the annual carbon emission of South America.

The increasing installation of wind turbines and the establishment of wind farms has widened the demand for infield cables, also known as inter-array cables. These cables are used for transmitting power and data from the wind turbine to the substation.

Therefore, several major manufacturers are heavily investing in research and development of increasingly reliable and efficient cables for wind turbines, which minimize the loss of power during transmission.

There are two types of cables used for offshore wind turbine installation, which are export cables and infield cables. Export cables are used for transmitting power from offshore wind platforms to the land, whereas infield cables are used for transmitting power as well as information between wind turbines and substations. The requirement for these cables is likely to propel as well, as the demand for clean energy increases, and thus, supporting the market growth.

The market report finds that the COVID-19 pandemic impeded the growth of the wind farm infield cables market. During the pandemic, governments around the globe restricted the movement of goods and manpower to curtail the infection, which affected the progress of numerous wind energy projects.

However, as the conditions have improved with vaccinations and the lifting of regulations, significant investments are being made globally for the development of new wind projects, providing favorable conditions for the market growth.

Wind Farm Infield Cables Market Dynamics

Get Free Sample Report

Major Drivers

Increasing preference for renewable sources of energy for power generation is expected to boost the market during the forecast period. With the rise in global population, the demand for energy and energy-production equipment is expanding at a significant pace. This is driving the installation of renewable energy measures such as wind farms, which are projected to fuel the market in the coming years.  

Industrial manufacturing activities are surging with growing consumer demands for products across industries, which lead to huge amounts of power consumption. The need for electricity to run the industries is obtained with the help of fossil fuels from geothermal power plants.

However, with rising awareness about environmental impact and growing regulations on carbon emissions, industries are increasingly employing renewable sources such as windmills to fulfill power requirements.

• As per the International Energy Agency, the amount of electricity generated using wind was around 273 TWh more in 2021 than in 2020. This is approximately 55% more as compared to the previous year.

Growing environmental preservation efforts by industries with steps to reduce their carbon emissions are projected to propel the wind farm infield market in the coming years. Pollution caused by factories is a major environmental concern. It leads to environmental problems such as global warming and the greenhouse effect.

Adoption of renewable energy solutions eliminates the need for geothermal energy, thereby curbing environmental pollution and helping industries to reduce their carbon footprint. The rising number of renewable energy projects such as wind farm setups is projected to increase the demand for wind farm infield cables during the forecast period.

Existing Restraints

Financial strains caused by the implementation of windmills and the setting up of wind farms are expected to impede the market growth. The process of setting up wind farms and operating them incurs huge financial costs and operational problems related to storage and transportation.

This deters several industries and companies from adopting wind power for energy production for manufacturing and operational needs. It limits investments in implementing wind energy solutions, affecting the market.

Emerging Opportunities

Advancements in wire technology are expected to provide significant growth opportunities in the market. Wind farms require an array of wires that are highly efficient in power and data transmission. For this purpose, hard-drawn copper wires are used to ensure great tensile strength and high electrical conductivity.

Infield cables that have ideal insulation can tackle problems of electromagnetic interference as well as loss of power & data during transmission, and are in high demand, thus, creating growth opportunities for market players.

Scope of Wind Farm Infield Cables Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Wind Farm Infield Cables Market Segment Insights

Type Segment Analysis

Based on type, the wind farm infield cables market is bifurcated into up to 1 KV and above 1 KV. The above 1 KV segment is projected to hold a key share of the market during the forecast period, owing to its major applications in industrial setups that have large amount of power consumption. These types of wires are big in size and have a large cross-sectional area.

This significantly decreases the resistance in current flow and allows for a high amount of current to pass. The decreased resistance further keeps the wire from overheating, providing a safe transfer of data and power that makes it suitable for industrial power supply.

The up to 1 KV segment is expected to register a considerable CAGR during the forecast period, due to the increasing use of small wind turbines, mainly installed for power generation as well as supply in residential and commercial properties, as an alternate energy source. It is significantly cheaper as compared to the conventional power supply and contributes to the conservation of the environment.

These wires are usually made of copper or aluminum, owing to their conductive properties for seamless power and data transfer. The demand for wind farm infield cables is expected to increase with the growing adoption of wind energy for powering houses and commercial spaces in the coming years.

Get Free Sample Report

Regional Outlook

In terms of region, the global wind farm infield cables market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period, owing to the rising development of new wind farms and increasing investments in the field of wind energy.

Increasing population and power consumption lead governments to look for maximizing clean energy alternatives to generate power whilst decreasing pollution in the environment caused by conventional power production methods.

The market in North America is projected to witness significant growth during the forecast period, due to factors such as advanced infrastructure and power supply systems, rising awareness regarding environmental conservation, and availability of financial incentives for the adoption of renewable energy sources.

Ever since the oil shortages of 1970, the US has been expanding investment in the development of alternative energy resources, including the use of windmills for generating electricity.

Get Free Sample Report