Offshore Cable Protection System Market Size, Share, and Industry Analysis, By Type (Metal Cable Protection System, Composite Material Protection System, and Others), By Application (Wind Power Industry, Oil and Gas Industry, and Others), and Regional Forecast, 2025-2032

The increasing deployment of offshore wind farms and the development of offshore renewable energy projects have been driving the demand for cable protection systems. As countries strive to diminish their carbon footprint, offshore wind energy has become a vital component of their renewable energy strategies.

With the rise in offshore energy production, there is a growing need for interconnections between offshore installations and onshore infrastructure. This requires extensive subsea cable networks, which in turn fuels the demand for cable protection systems to ensure the integrity and longevity of these critical assets.

When it comes to offshore cable protection contracts and deals, several vendors are actively involved in selling products and services to ensure the integrity and safety of subsea cables. Vendors offer a range of solutions, including cable protection systems, installation services, maintenance, and related accessories.

In January 2024, Offshore service company Tekmar Group signed a contract to supply a cable protection system for a secret offshore wind energy development. The contract comprises the design and provision of Tekmar Group's flagship 10th-generation Cable Protection System (CPS) and related ancillary equipment for the developing region's offshore wind turbine market. The contract covers the first phase of development and has an initial value of more than USD 4.4 million. Production of the CPS systems is expected to begin in 2024 and be delivered in 2025.

However, the high cost of offshore projects is hindering the offshore wind projects in developing countries, consequently hampering the offshore cable protection system market growth. The COVID-19 pandemic disrupted global supply chains, causing delays in the manufacturing and delivery of components and materials used in offshore cable protection systems. Restrictions on international trade, factory closures, and transportation disruptions led to supply chain bottlenecks, affecting project timelines and increasing costs.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Offshore Cable Protection System Market


• Key Industry Trends


• Regulatory Landscape for Offshore Cable Protection System Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

 SEGMENTATION

 ANALYSIS BY TYPE

Based on type, the market is segmented into metal cable protection systems, composite material protection systems, and others. The composite cable protection system segment type dominates the market and is expected to grow at a noteworthy growth rate during the coming years. The increasing deployment of offshore energy projects, particularly offshore wind farms, is propelling the cable protection system market. Composite cable protection systems are well suited for the harsh conditions encountered in offshore environments, making them a preferred choice for developers and operators of offshore installations.

ANALYSIS BY APPLICATION

The market is classified by application into the wind power industry, the oil and gas industry, and others. The wind power industry dominates the market and will grow significantly during the forecast period. There is a global trend toward increasing offshore wind capacity to meet renewable energy targets and reduce greenhouse gas emissions. Offshore wind farms offer significant advantages in terms of higher wind speeds, larger turbine sizes, and reduced visual impact compared to onshore wind projects. As offshore wind capacity expands, the need for reliable cable protection systems to connect turbines to onshore grids also increases.

The oil and gas industry continues to explore and develop offshore oil and gas fields in various regions worldwide. As exploration and production activities move into deeper waters and more remote locations, there is a growing need for subsea infrastructure, including pipelines, umbilicals, and power cables, to connect offshore installations to onshore facilities.

REGIONAL ANALYSIS

The offshore cable protection system market has been studied in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, particularly the U.S., is witnessing significant growth in offshore wind energy development. Several states along the East Coast, such as Massachusetts, New York, New Jersey, and Virginia, have ambitious offshore wind targets and are advancing projects to harness the region's abundant wind resources. As offshore wind farms are constructed and grid infrastructure is developed to support them, there is a corresponding increase in the demand for cable protection systems to safeguard the subsea cables connecting turbines to onshore grids.

Europe is one of the global leaders in offshore wind energy development, with several countries, such as the U.K., Germany, Denmark, the Netherlands, and Belgium, pioneering offshore wind projects. These countries have established ambitious renewable energy targets and are investing heavily in offshore wind to decarbonize their energy systems, reduce greenhouse gas emissions, and enhance energy security. As offshore wind capacity expands, there is a corresponding increase in the demand for cable protection systems to safeguard subsea cables.

Asia Pacific is experiencing considerable growth in offshore wind energy development, driven by countries such as China, Taiwan, Japan, South Korea, and Vietnam. These countries have ambitious renewable energy targets and are investing heavily in offshore wind to diversify their energy mix, reduce carbon emissions, and enhance energy security. As offshore wind farms are constructed and grid infrastructure is developed, there is a corresponding increase in the demand for cable protection systems to safeguard subsea cables.

KEY PLAYERS COVERED

Some major companies in the offshore cable protection system market are Tekmar Energy, Balmoral, Trelleborg, CSUB AS, Vos Prodect, Lankhorst Ropes, HCL Fasteners, First Subsea, Protectorshell, and Ovun.

KEY INDUSTRY DEVELOPMENTS

 In May 2024, the U.K.-based offshore energy chain company Balmoral Comtec signed a multi-million dollar contract with Ørsted to supply cable protection systems (CPS) for the Hornsea 3 offshore wind project. The scope of work will include engineering at Balmoral Comtec's Aberdeen facility, the supply of 400 cable protection systems, and handling and installation training for the award-winning marine contractor. According to Balmoral Comtec, excessive bending, friction, and fatigue of underwater cables can be a constant challenge for offshore wind developers. The company's proprietary system, which mechanically locks to eliminate reliance on PU binding, uses validated materials designed to improve performance and increase fatigue resistance.

• In September 2023, Ørsted signed a contract with CRP Subsea to supply the NjordGuard integrated cable protection system to the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Under the contract, CRP Subsea will supply a total of 142 NjordGuard cable protection systems to protect all interconnectors and export cables on the projects.142 NjordGuards are manufactured at CRP Subsea's purpose-built factory in North West England. Design work on the project will begin immediately, the company said, and installation is scheduled to be completed in 2024. The Greater Changhua 2b and 4 offshore wind farms consist of approximately 65 wind turbines with an individual capacity of 14 MW. , installed around 35-60 kilometers from the coast of Changhua.