Submarine Power Cable Market was valued at USD 6.11 Billion in 2017 and is projected to reach USD 16.56 Billion by 2027, at a CAGR of 15% during the forecast period.
The addition of new offshore wind capacity, increasing demand for grid interconnects and island connections, and demand from the offshore oil and gas sector are driving the growth of the submarine power cable market. The increasing demand for HVDC connections is one of the key opportunities in this market.
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Major manufacturers in the submarine power cable market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan). Manufacturers such as Sumitomo Electric (Japan), KEI Industries (India), LS Cable & System (South Korea), ZTT (China), TFKable Group (JDR Cables) (Poland),
By Type
- Single core
- Multicore
By Voltage
- Medium voltage
- High voltage
By End-User
- Offshore wind power generation
- Inter-country and island connection
- Offshore oil & gas
By Conductor Material
- Copper
- Aluminum
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Scope of the Report
The research study analyzes the global Submarine Power Cable industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Submarine Power Cable Market Report
1. What was the Submarine Power Cable Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Submarine Power Cable Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Submarine Power Cable Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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