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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