Subsea Cables Installation Forecast Annual Report 2024
Spinergie’s 50+ page report provides an in-depth analysis of the global subsea power cable installation market. It examines key trends, growth projections, and challenges, focusing on the dynamics of vessel supply and demand. The report also covers developments in cable technologies and manufacturing, cable-layer requirements, and a detailed composition of the fleet. It includes forecasts and bottlenecks for installation capacity through 2035, offering strategic insights for industry stakeholders.
The report uses data (excluding China) from Spinergie’s daily updated Market Intelligence solution.
Key insights from this report:
- Cable installation demand becomes over-concentrated around 2030 with an annual demand reaching 20,000km, split between wind cables and interconnectors;
- The industry plans to expand capacity by introducing 12 cable-laying vessels and 9 manufacturing facilities to manage this growth by 2030;
- Despite these efforts, supply vessel scenarios suggest that over 40% of the cumulative demand for array cables and 20% for export cables may remain unmet by 2030
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