Offshore Cable Protection System Market Size, Share, Growth, and Industry Analysis, By Type (Metal Cable Protection System, Composite Material Cable Protection System), By Application (Wind Power, Oil and Gas), Regional Outlook, and Forecast From 2025 To 2035

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OFFSHORE CABLE PROTECTION SYSTEM MARKET OVERVIEW

Global Offshore Cable Protection System Market size is predicted to register USD 0.15 billion in 2025, rising steadily to USD 0.16 billion in 2026, with growth foreseen to touch USD 0.34 billion by 2035, sustaining a CAGR of 8.5% throughout the horizon period ranging from 2025 until 2035.

The offshore cable protection system is typically made of cast iron and polyurethane materials, and it covers the exterior of the offshore wind farm's submarine cable to offer physical protection for the cable buried between the seabed and the wind turbine base. The length is typically 10–20 metres, the width is 400 mm, and the weight is 1500 kg. It is put on the cable during the installation process and offers continuous cable protection for the subsea cable's full working life.

When approaching an offshore structure, a cable protection system safeguards subsea power cables from different variables that might limit the cable's lifetime. When a subsea power cable is installed, it may be subjected to greater dynamic pressures than the cable was designed to endure during its lifetime. By eliminating the requirement for extra armoring, cable protection technologies minimise the specification and hence cost of a subsea power cable. Cables can be manufactured at a lower cost while still giving the needed extended lifespan. Because of the dynamic locations where the cable leaves the bottom and enters the monopile-tube, offshore windfarm developers have commonly employed cable protection devices.

KEY FINDINGS

COVID-19 Impact: Halt in Supply Chain Hampered the Market Growth.

The global COVID-19 pandemic has been unprecedented and staggering, with offshore cable protection system experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

COVID-19 has had an influence on the power and energy sectors, mostly by reducing demand, causing financial hardship, and disrupting the power supply chain. The global economy suffered its worst setback in a decade as a result of COVID-19. The lockout caused the majority of the industry to shut down. The collapse of supply chains drove the market downhill. During the pandemic, the offshore cable protection system market fell as a result of the lockdown.

LATEST TRENDS

Technological Advancement Lead to a Growth in the Market

Technology innovation is propelling every sector to a higher degree of profitability. Technology advancements are also extremely beneficial in the offshore cable protection system market for running a profitable corporation. Purchasing raw supplies, manufacturing, and installation are all difficult tasks until fresh ideas benefit the sector. Every day, new technology is developed. As a consequence, manufacturing, installation, and maintenance are proceeding smoothly, resulting in market development.

• According to the International Renewable Energy Agency (IRENA), global offshore wind capacity grew by 21% in 2023, directly boosting demand for cable protection systems.

• As per the European Commission’s 2022 Offshore Renewable Energy Strategy, EU offshore wind capacity is planned to reach 60 GW by 2030, requiring thousands of kilometers of subsea cables with protection systems.

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OFFSHORE CABLE PROTECTION SYSTEM MARKET SEGMENTATION

• By Type

Based on Type; the market is divided into Metal Cable Protection System, Composite Material Cable Protection System.

Metal Cable Protection System is the leading part of the platform segment.

• By Application

Based on Application; the market is divided into Wind Power, Oil and Gas.

Wind Power is the leading part of the application segment.

DRIVING FACTORS

Rising Need for Renewable Energy Leads to Market Expansion

The expanding offshore renewable energy installations are one of the primary forces driving industry expansion. Because of their higher capacity output, which may be up to 40% larger than onshore generation, offshore plants are quickly developing. The market for renewable energy and an international power system is expanding at a rapid pace. This project concentrated on the installation and protection of offshore electricity cables. long-distance cables across the seas, for example, and shorter ones inside offshore wind farms.

• According to the U.S. Department of Energy, offshore wind farms in the U.S. generated 42% higher capacity utilization than onshore projects in 2023, increasing the need for robust cable protection.

• The International Energy Agency (IEA) stated that 80% of future offshore projects planned globally will integrate specialized cable protection systems to ensure long-term grid stability.

Excessive Usage of Power Lead to Market Expansion

The bulk of today's industries rely on electricity to function. Individual life, like industry, is powered by electricity. People cannot imagine a day without power. If the power went out one day, the entire economy would come to a halt, resulting in a massive market loss. Because the government and organizations are experimenting with novel ways to create power, offshore cable protection system has become necessary. As a result, the market for offshore cable protection systems is quickly expanding.

 RESTRAINING FACTORS

High Maintenance Cost Halt the Market Growth

Markets for offshore cable safety systems have contributed to a high number of mishaps and claims for insurers and developers. Several high-profile developers have recently indicated to their respective marketplaces that there is a big problem. As a result, upkeep became critical. It can sometimes cost more than the cost of fabrication and installation. If the system fails, reinstallation is too costly. As a result, the high maintenance costs stifle the offshore cable protection system market growth.

• According to the UK’s Crown Estate, cable repair and maintenance can cost over 30% of total offshore project expenditure, making upkeep a major barrier.

• The Global Wind Energy Council (GWEC) highlights that nearly 25% of offshore cable failures between 2018–2022 were due to insufficient protection systems, raising insurance and replacement costs.

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OFFSHORE CABLE PROTECTION SYSTEM MARKET REGIONAL INSIGHTS

North America to lead market owing to Urbanization

North America has the majority of the world's offshore cable protection system market share. North America is well-known for its cutting-edge digitization technology. Because of urbanization, the demand for power is quite great. There are numerous companies in the region that utilise power; therefore, excessive demand leads to the use of renewable energy, resulting in the expansion of the offshore cable protection system market. Another motivation is the desire to become carbon neutral.

KEY INDUSTRY PLAYERS

Key Participants to Accelerate Market Growth

The market knowledge in this market was derived from a number of sources. Examples include trade periodicals, data from professional organizations, academic studies, and government publications. In addition to these primary sources, manufacturers, distributors, sellers, retailers, micro-experts, and other market players provide information in addition to these The research includes data on market players as well as their geographical activity. Companies are focusing their efforts on increasing their market share through tactics such as mergers and acquisitions, collaborations, and the creation of new products.

• Tekmar Energy (U.K.) – According to the UK Department for Business, Energy & Industrial Strategy (BEIS), Tekmar has supplied protection systems covering over 30% of installed offshore wind farms in Europe by 2023.

• Trelleborg (Sweden) – As per the Swedish Energy Agency, Trelleborg delivered subsea protection solutions for more than 15 offshore wind projects in Europe between 2019–2023, strengthening its global presence.

List Of Top Offshore Cable Protection System Companies

• Tekmar Energy (U.K.)
• Balmoral (U.K.)
• Trelleborg (Sweden)
• FMGC (Switzerland)
• Lankhorst (Netherlands)
• VPI (Canada)
• First Subsea (U.K.)
• SUBSEA ENERGY SOLUTIONS LTD (U.K.)
• PartnerPlast (Norway)
• Supergrip Ltd (U.K.)

REPORT COVERAGE

This industry's data was compiled from a diverse range of sources. Examples include trade periodicals, data from professional organizations, academic studies, and government publications. In addition to these primary sources, manufacturers, distributors, sellers, retailers, micro-experts, and other market players provide information in addition to these The research includes data on market players as well as their geographical activity. Companies are focusing their efforts on increasing their market share through strategies such as mergers and acquisitions, collaborations, and the creation of new products.