The Market Reports

Synopsis
The global market for Offshore Wind Cable Laying Vessel (CLV) was estimated to be worth US$ 402 million in 2024 and is forecast to a readjusted size of US$ 992 million by 2031 with a CAGR of 11.7% during the forecast period 2025-2031.
An Offshore Wind Cable Laying Vessel (CLV) is a specialized ship engineered to install and maintain submarine power cables—especially the high-voltage inter-array and export cables that connect offshore wind turbines to each other and to onshore grids. These vessels feature dynamic positioning, heavy cable-carousels, tensioners, and sometimes ROVs for trenching or laying in deep waters.
The Offshore Wind Cable Laying Vessel (CLV) market is experiencing strong growth, driven by the global expansion of offshore wind energy, technological advancements, and increasing interconnection projects. Key trends include vessel specialization, sustainability improvements, and regional market expansions in the U.S. and Asia. As offshore wind farms grow in size and distance from shore, the demand for advanced CLVs will continue to rise, presenting opportunities for shipbuilders, operators, and renewable energy investors. Companies that invest in next-generation, high-capacity CLVs will be well-positioned to capitalize on this booming market.
Market Drivers
Surging Offshore Wind Capacity: Offshore wind is rapidly expanding (projected to exceed 200 GW by 2030), necessitating massive cable installation capacity. CLVs are indispensable to deploy these critical subsea cables. Government Policy & Funding Incentives: Ambitious targets—like the EU’s 300 GW by 2050, U.S. aiming for 30 GW by 2030—and government subsidies are fueling demand for dedicated.
Market Trends
Larger & More Capable Vessels: Demand shifting toward ≥100 m, 5 000 + ton capacity ships equipped for deeper waters and multi-functional tasks (trenching, inspection). Hybrid & “Green” Propulsion: Advanced CLVs integrate hybrid fuel-electric systems and emissions control tech—aligning with maritime decarbonization goals. Automation & Digitalization: Adoption of dynamic positioning, AI for route planning, diagnostics, and predictive maintenance are making operations more precise and efficient. Rise of Deepwater & Floating Projects: Growth in floating-wind farms (e.g., in Asia and Europe) is pushing demand for deepwater-capable CLVs and specialized dynamic cables.
This report aims to provide a comprehensive presentation of the global market for Offshore Wind Cable Laying Vessel (CLV), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Offshore Wind Cable Laying Vessel (CLV) by region & country, by Type, and by Application.
The Offshore Wind Cable Laying Vessel (CLV) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Offshore Wind Cable Laying Vessel (CLV).
Market Segmentation
By Company
Fincantieri
Kleven
Royal IHC
Ulstein Verft
Fujian Mawei
CSSC
Sanfu Ship Engineering
Merchants Industry
LS Marine Solution
Nantong Xiangyu
PaxOcean
Segment by Type
Vessel Length >100 m
Vessel Length ≤100 m
Segment by Application
Cable Capacity below 5000 Tons
Cable Capacity above 5000 Tons
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Offshore Wind Cable Laying Vessel (CLV) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Offshore Wind Cable Laying Vessel (CLV) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Offshore Wind Cable Laying Vessel (CLV) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index