Summary

HVDC/HVAC Power Cable Laying Vessel Market Research Report Information By Power Cable Type (HVDC and HVAC), By Vessel (Cable Laying, Cable Repairing and Cable Laying Barge), By Technology (Dynamic Positioning Systems, ROV-Assisted Cable Laying, Cable Burial & Trenching Technologies and Rock Cutting), By Capacity (>1000 Tons, 1001-3000 Tons, 3001-5000 Tons, 5001-7000 Tons and Above 7000 Tons), By End User (Oil & Gas, Wind Farms, Interstate, Telecommunication and Others) and By Region Global Forecast to 2032


Market Analysis

In 2022, the market size of HVDC/HVAC power cable laying vessels was estimated to be USD 1,178.6 million. The HVDC/HVAC Power Cable Laying Vessel Market industry is anticipated to witness a compound annual growth rate (CAGR) of 8.91% from USD 1,246.5 million in 2023 to USD 2,164.7 million by 2032 during the forecast period (2024-2032).

The market for HVDC/HVAC power cable laying vessels is comprised of specialized vessels that are specifically designed to install and repair submarine power cables. These vessels are essential for the connection of remote power sources to onshore grids and for the development of offshore renewable energy initiatives, particularly offshore wind farms. To guarantee the precise and efficient installation of cables, these vessels are outfitted with state-of-the-art technology, including cable handling equipment, dynamic positioning systems, and subsea trenching systems. They are essential for the efficient and dependable transmission of electricity over long distances, both domestically and internationally.

Insights into Market Segmentation
The HVDC/HVAC Power Cable Laying Vessel Market has been segmented into HVDC and HVAC based on the type of power cable.
The market is segmented into Cable Laying, Cable Repairing, and Cable Laying Barge based on the type of vessel.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into four categories based on end use: Dynamic Positioning Systems, ROV-Assisted Cable Laying, Cable Burial & Trenching Technologies, and Rock Cutting.
The market is segmented into five categories: >1000 Tons, 1001-3000 Tons, 3001-5000 Tons, 5001-7000 Tons, and Above 7000 Tons. This classification is based on capacity.
The HVDC/HVAC Power Cable Laying Vessel Market is segmented into Shallow Water and Deep Water based on water depth.
The Market is segmented into Oil & Gas, Wind Farms, Interstate, Telecommunication, and Others, based on the end user.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the HVDC/HVAC Power Cable Laying Vessel market, which is segmented by region. During the forecast period, the Asia-Pacific HVDC/HVAC Power Cable Laying Vessel market is anticipated to account for a substantial revenue share and maintain the highest market share. The Asia Pacific region is becoming a significant participant in the HVDC and HVAC power cable laying vessel market, driven by the increasing energy demands, urbanization, and rapid industrialization. Advanced cable laying solutions are required to support the renewable energy projects that countries such as China, Japan, and India are investing extensively in, including offshore wind and solar installations. The demand for specialized vessels is driven by the region's extensive littoral and substantial offshore resources, which present distinctive opportunities for cable laying operations. Furthermore, investments in infrastructure that encompasses HVDC systems are being stimulated by government policies that are designed to improve energy efficiency and decrease dependence on fossil fuel systems.

Key Participants
Prysmian Group, Nexans, NKT A/S, Seway7, Van Oord, Boskalis, Taihan Cable & Solution, Global Marine Group, DeepOcean, ASEAN Cableship, OMS Group Sdn Bhd, ZTT Group, LS Cable & System Ltd., Orient Cable (NBO), and others are among the key companies in the HVDC/HVAC Power Cable Laying Vessel Market.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY POWER CABLE TYPE
1.1.2 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY VESSEL TYPE
1.1.3 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY CAPACITY
1.1.4 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY TECHNOLOGY
1.1.5 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY WATER DEPTH
1.1.6 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY END USER
1.1.7 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY IMPLEMENTATION CRITERIA
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 GROWING DEMAND FOR RENEWABLE ENERGY INTEGRATION
4.2.2 EXPANDING OFFSHORE ENERGY INFRASTRUCTURE
4.3 RESTRAINTS
4.3.1 HIGH INITIAL INVESTMENT COSTS
4.3.2 TECHNICAL CHALLENGES AND OPERATIONAL RISKS
4.4 OPPORTUNITIES
4.4.1 GOVERNMENT INITIATIVES AND POLICY SUPPORT IN ASIA
4.4.2 GRID MODERNISATION
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.2 PORTER FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES:
5.2.5 COMPETITIVE RIVALRY
5.3 IMPACT OF CORONAVIRUS OUTBREAK ON THE HVDC/HVAC POWER CABLE LAYING VESSEL MARKET
5.3.1 OVERVIEW OF SUPPLY AND DEMAND SCENARIO
5.3.2 IMPACT OF COVID-19 ON SUPPLY CHAIN ANALYSIS
6 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY POWER CABLE TYPE
6.1 INTRODUCTION
6.2 HVDC
6.3 HVAC
7 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY VESSEL TYPE
7.1 INTRODUCTION
7.2 CABLE LAYING
7.3 CABLE REPAIRING
7.4 CABLE LAYING BARGE
8 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY CAPACITY
8.1 INTRODUCTION
8.2 >1000 TONS
8.3 1001-3000 TONS
8.4 3001-5000 TONS
8.5 5001-7000 TONS
8.6 ABOVE 7000 TONS
9 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY TECHNOLOGY
9.1 INTRODUCTION
9.2 DYNAMIC POSITIONING SYSTEMS
9.3 ROV-ASSISTED CABLE LAYING
9.4 CABLE BURIAL TRENCHING TECHNOLOGIES
9.5 ROCK CUTTING
10 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY WATER DEPTH
10.1 INTRODUCTION
10.2 SHALLOW WATER
10.3 DEEP WATER
11 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY END USER
11.1 INTRODUCTION
11.2 OIL & GAS
11.3 WIND FARMS
11.4 INTERSTATE
11.5 TELECOMMUNICATION
11.6 OTHERS
12 HVDC/HVAC POWER CABLE LAYING VESSEL MARKET, BY REGION
12.1 OVERVIEW
12.2 NORTH AMERICA
12.2.1 U.S.
12.2.2 CANADA
12.2.3 MEXICO
12.3 EUROPE
12.3.1 GERMANY
12.3.2 U.K.
12.3.3 FRANCE
12.3.4 ITALY
12.3.5 SPAIN
12.3.6 RUSSIA
12.3.7 REST OF EUROPE
12.4 ASIA-PACIFIC
12.4.1 CHINA
12.4.2 INDIA
12.4.3 JAPAN
12.4.4 SOUTH KOREA
12.4.5 SINGAPORE
12.4.6 INDONESIA
12.4.7 PHILIPPINES
12.4.8 MALAYSIA
12.4.9 THAILAND
12.4.10 AUSTRALIA
12.4.11 VIETNAM
12.4.12 REST OF APAC
12.5 MEA (MIDDLE EAST AND AFRICA)
12.5.1 GCC
12.5.2 SOUTH AFRICA
12.5.3 ROMEA
12.6 SOUTH AMERICA
12.6.1 BRAZIL
12.6.2 ARGENTINA
12.6.3 ROLA (REST OF SOUTH AMERICA)
13 COMPETITIVE LANDSCAPE
13.1 MARKET SHARE ANALYSIS
13.2 COMPETITIVE BENCHMARKING
14 COMPANY PROFILES
14.1 PRYSMIAN GROUP
14.1.1 COMPANY OVERVIEW
14.1.2 FINANCIAL OVERVIEW
14.1.3 TYPES AND SERVICES
14.1.4 SWOT ANALYSIS
14.1.5 KEY STRATEGIES
14.2 NEXANS
14.2.1 COMPANY OVERVIEW
14.2.2 FINANCIAL OVERVIEW
14.2.3 TYPES AND SERVICES
14.2.4 SWOT ANALYSIS
14.2.5 KEY STRATEGIES
14.3 NKT A/S
14.3.1 COMPANY OVERVIEW
14.3.2 FINANCIAL OVERVIEW
14.3.3 TYPES AND SERVICES
14.3.4 SWOT ANALYSIS
14.3.5 KEY STRATEGIES
14.4 SEWAY7
14.4.1 COMPANY OVERVIEW
14.4.2 FINANCIAL OVERVIEW
14.4.3 TYPES AND SERVICES
14.4.4 SWOT ANALYSIS
14.4.5 KEY STRATEGIES
14.5 VAN OORD
14.5.1 COMPANY OVERVIEW
14.5.2 FINANCIAL OVERVIEW
14.5.3 TYPES AND SERVICES
14.5.4 SWOT ANALYSIS
14.5.5 KEY STRATEGIES
14.6 BOSKALIS
14.6.1 COMPANY OVERVIEW
14.6.2 FINANCIAL OVERVIEW
14.6.3 TYPES AND SERVICES
14.6.4 SWOT ANALYSIS
14.6.5 KEY STRATEGIES
14.7 TAIHAN CABLE & SOLUTION
14.7.1 COMPANY OVERVIEW
14.7.2 FINANCIAL OVERVIEW
14.7.3 TYPES AND SERVICES
14.7.4 SWOT ANALYSIS
14.7.5 KEY STRATEGIES
14.8 GLOBAL MARINE GROUP
14.8.1 COMPANY OVERVIEW
14.8.2 FINANCIAL OVERVIEW
14.8.3 TYPES AND SERVICES
14.8.4 SWOT ANALYSIS
14.8.5 KEY STRATEGIES
14.9 DEEPOCEAN
14.9.1 COMPANY OVERVIEW
14.9.2 FINANCIAL OVERVIEW
14.9.3 TYPES AND SERVICES
14.9.4 SWOT ANALYSIS
14.9.5 KEY STRATEGIES
14.10 ASEAN CABLESHIP
14.10.1 COMPANY OVERVIEW
14.10.2 FINANCIAL OVERVIEW
14.10.3 TYPES AND SERVICES
14.10.4 SWOT ANALYSIS
14.10.5 KEY STRATEGIES
14.11 OMS GROUP SDN BHD
14.11.1 COMPANY OVERVIEW
14.11.2 FINANCIAL OVERVIEW
14.11.3 TYPES AND SERVICES
14.11.4 SWOT ANALYSIS
14.11.5 KEY STRATEGIES
14.12 ZTT GROUP
14.12.1 COMPANY OVERVIEW
14.12.2 FINANCIAL OVERVIEW
14.12.3 TYPES AND SERVICES
14.12.4 SWOT ANALYSIS
14.12.5 KEY STRATEGIES
14.13 LS CABLE & SYSTEM LTD
14.13.1 COMPANY OVERVIEW
14.13.2 FINANCIAL OVERVIEW
14.13.3 TYPES AND SERVICES
14.13.4 SWOT ANALYSIS
14.13.5 KEY STRATEGIES
14.14 ORIENT CABLE (NBO)
14.14.1 COMPANY OVERVIEW
14.14.2 FINANCIAL OVERVIEW
14.14.3 TYPES AND SERVICES
14.14.4 SWOT ANALYSIS
14.14.5 KEY STRATEGIES