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The Subsea Cable Tracker provides a unique view of vessel installation day demand and a breakdown of component type by region as well as considering global drivers and outlook. The twice-a-year report is also provided with project listings for oil & gas, offshore wind and high and medium voltage interconnectors in addition to vessel listings.
In the latest edition of Westwood’s Subsea Cable Tracker H1 report, global subsea cable demand is forecast to grow at a 17% CAGR, totalling 46,470 km over the 2018-2022 period. This represents a 71% growth compared to the 2013-2017 period.
This edition provides cable demand and vessel installation day demand for the offshore wind sector, the oil & gas sector, as well as for high and medium voltage interconnector market, with the latter being new to this report. The report provides specific project information that supports subsea cable installation activities over the 2018-2020 period.
The forecast period will be marked by unprecedented levels of project sanctioning and implementation in the offshore wind and the subsea power interconnector sector. Asia Pacific and Europe will account for 81% of forecast installations, with both regions leading the way in terms of offshore wind developments, interconnector power cables driven by a need for reliable and diversified energy supply, as well as some major oil & gas projects.
Global Subsea Cable Installation Outlook by Sector & Vessel Day Demand, 2013-2022
Contact us to access the latest Subsea Cable Tracker H1 databook.
Key H1 Report Conclusions
For any further information, such as details of our quarterly Offshore Wind Market Forecast, please contact Gareth Hector or a member of the OFS Research team on:
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