Offshore Wind Cable Laying Vessel Market Insights Video
According to Cognitive Market Research, the global Offshore Wind Cable Laying Vessel market size will be USD 3351.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1340.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1005.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 770.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 167.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 67.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.
The cable payload capacity below 5000 tons category is the fastest growing segment of the Offshore Wind Cable Laying Vessel industry
