HVDC/HVAC Power Cable Laying Vessel Market is expected to Grow with a CAGR of 9.08% through 2030
Rising investments in
offshore wind energy, intercontinental power transmission, and undersea grid
connectivity are driving demand for specialized HVDC/HVAC cable laying vessels
to support large-scale, high-voltage infrastructure projects globally.
According to TechSci Research
report, “HVDC/HVAC Power Cable Laying Vessel Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the HVDC/HVAC Power Cable Laying Vessel Market was valued at USD 1.17 Billion in 2024 and is expected to reach USD 1.99 Billion by 2030 with a CAGR of 9.08%. The
HVDC/HVAC Power Cable Laying Vessel Market is experiencing significant growth,
driven by the increasing global demand for reliable, high-capacity power
transmission infrastructure across land and underwater regions. As countries
shift toward renewable energy sources such as offshore wind farms and
intercontinental power grid connections, the need for efficient and robust
cable installation capabilities has surged. HVDC (High Voltage Direct Current)
and HVAC (High Voltage Alternating Current) systems play a crucial role in
enabling long-distance power transmission with minimal losses, making them
essential in modern energy strategies.
The proliferation of offshore
renewable energy projects, particularly in Europe, Asia-Pacific, and North
America, has directly increased the demand for specialized cable laying vessels
capable of deploying high-voltage cables in deep water and harsh marine
environments. These vessels are engineered with advanced positioning systems,
dynamic cable tensioning equipment, and high-capacity deck layouts to manage
the complexity and scale of subsea cable installation. As governments and
utilities push to decarbonize power grids and integrate clean energy into
national transmission systems, the development of subsea interconnectors and
offshore substations is expanding rapidly, further driving the need for
dependable cable laying assets. In addition, aging infrastructure in developed
countries is being upgraded or replaced with more efficient HVDC/HVAC systems,
creating consistent demand for installation services.
Technological advancements in
cable manufacturing, such as lighter, more flexible cables with higher current
capacity, are also increasing the efficiency and operational range of cable
laying vessels, enhancing their value proposition. The growing complexity of
cable installation projects, often requiring multi-disciplinary marine
construction capabilities, has led to strategic partnerships among cable
manufacturers, vessel operators, and energy companies, fueling vessel fleet
modernization and expansion. The emergence of floating wind farms and deeper
offshore energy installations has created an even more specialized demand for
vessels that can handle longer cable lengths, greater water depths, and more
dynamic seabed conditions. In parallel, digitalization and automation in vessel
operation are improving installation precision and project timelines,
attracting more investment in fleet upgrades.
Environmental regulations and
sustainability targets are pushing for more energy-efficient and low-emission
cable laying vessels, encouraging the adoption of hybrid propulsion and
eco-friendly design features. Emerging markets in the Middle East, Africa, and
Latin America are also investing in offshore energy and cross-border grid
connectivity, widening the global scope for cable laying activities. As a
result, the HVDC/HVAC Power Cable Laying Vessel Market is benefiting from a
convergence of renewable energy expansion, grid modernization, technological
innovation, and strategic infrastructure investment. These drivers collectively
position the market for strong and sustained growth, as both public and private
sectors prioritize energy security, climate resilience, and long-term
infrastructure development.
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Based on the End-User, Oil
& Gas segment held the largest Market share in 2024. The HVDC/HVAC power
cable laying vessel market in the oil and gas segment is witnessing strong
growth, driven by the increasing need for reliable and efficient offshore power
transmission solutions to support complex exploration and production operations.
As oil and gas activities move into deeper and more remote offshore locations,
the demand for advanced power infrastructure has intensified, making subsea
cable networks essential for delivering high-voltage electricity to platforms
and subsea processing equipment. HVDC (High Voltage Direct Current) and HVAC
(High Voltage Alternating Current) cables provide critical energy links between
offshore facilities and onshore grids, enabling stable and high-capacity power
transmission over long distances with minimal losses.
This becomes particularly
vital as oil and gas operators prioritize electrification of offshore platforms
to reduce emissions, lower operational costs, and improve energy efficiency.
Cable laying vessels play a key role in this transformation by enabling
precise, large-scale deployment of subsea cables in harsh marine environments.
The rising number of electrification projects, including floating production
storage and offloading units (FPSOs), subsea gas compression systems, and
remote unmanned platforms, requires highly specialized vessels capable of
laying both HVAC and HVDC cables with precision and speed. Additionally, many
existing oil and gas fields are undergoing upgrades or brownfield expansion
that demand robust power infrastructure, thereby creating new opportunities for
vessel deployment.
The growing focus on
digitalization and remote operation in offshore energy operations further
enhances the requirement for stable electrical networks, increasing dependence
on well-laid subsea cables. Moreover, regulatory pressure to reduce the carbon
footprint of the oil and gas industry is accelerating the shift toward green
electrification of offshore assets using renewable power from onshore or
offshore wind farms via HVDC/HVAC connections, thus boosting the need for cable
laying vessels with hybrid functionality. These vessels are increasingly
equipped with dynamic positioning systems, advanced navigation, and cable
handling technologies that allow them to operate effectively in varying seabed
conditions and under strict project timelines.
As offshore oil and gas
operations expand in regions such as the North Sea, the Gulf of Mexico,
Southeast Asia, and West Africa, investment in submarine cable infrastructure
and the vessels required for their deployment is expected to rise steadily.
Furthermore, partnerships between oil companies, EPC contractors, and marine
engineering firms are strengthening vessel utilization strategies and ensuring
that advanced cable laying assets are available to meet the increasing scale
and complexity of offshore energy projects. Overall, the convergence of
electrification goals, offshore expansion, environmental compliance, and
technological advancement is driving significant demand for HVDC/HVAC cable
laying vessels in the oil and gas segment, creating a favorable outlook for
market growth over the coming years.
Based on region, Asia Pacific
is the fastest growing region in the HVDC/HVAC Power Cable Laying Vessel
Market, driven by large-scale offshore wind energy projects, increasing
cross-border power transmission initiatives, and significant investments in
undersea grid infrastructure. Countries such as China, Japan, South Korea, and
India are actively expanding their renewable energy capacity, creating strong
demand for advanced cable laying capabilities. The region benefits from
government-backed energy transition policies, growing maritime expertise, and
rising private-sector investments in offshore energy infrastructure. As
regional interconnectivity and clean energy goals intensify, Asia Pacific
continues to attract vessel operators and manufacturers aiming to capitalize on
this high-growth market.
Major companies operating in
the Global HVDC/HVAC Power Cable Laying Vessel Market are:
- Prysmian Group
- Nexans S.A.
- NKT A/S
- Van Oord
- Subsea 7 S.A.
- Royal Boskalis Westminster
N.V.
- Jan De Nul Group
- ABB Ltd.
- Siemens Energy AG
- DeepOcean Group Holding BV
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“The Global HVDC/HVAC Power
Cable Laying Vessel Market is expected to rise in the upcoming years and
register a significant CAGR during the forecast period. The HVDC/HVAC Power
Cable Laying Vessel Market is poised for substantial growth, driven by the
rapid expansion of offshore wind developments, intercontinental transmission
projects, and subsea grid interconnections. As global energy demand accelerates
and renewable integration becomes a strategic priority, the requirement for
efficient, high-capacity cable deployment solutions is intensifying. Upgrades
to aging grid infrastructure and increased investment in smart, resilient
transmission systems are further amplifying market potential. Advancements in
vessel capabilities—such as enhanced automation, dynamic positioning systems,
and expanded load-handling capacity—are enabling the execution of complex,
large-scale cable installations, creating compelling opportunities across both
mature and emerging energy markets. Therefore, the Market of HVDC/HVAC Power Cable
Laying Vessel is expected to boost in the upcoming years.,” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global management
consulting firm.
“HVDC/HVAC
Power Cable Laying Vessel Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented, 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), By Region, By Competition, 2020-2030F”, has evaluated the future
growth potential of Global HVDC/HVAC Power Cable Laying Vessel Market and
provides statistics & information on the Market size, structure, and future
Market growth. The report intends to provide cutting-edge Market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global HVDC/HVAC Power Cable Laying Vessel
Market.
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