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Submarine power cables are used to transmit electricity below the ocean, that is, deep under the sea bed. These cables are used to transfer electricity from offshore wind turbines, tidal power projects, and onshore locations to oil rigs as well as to transmit electricity across countries or islands. Countries such as the UK and Germany that generate huge amounts of renewable energy through wind turbines use submarine power cables to export it to neighboring countries having less energy generation capacity.
The overall market is set to witness significant growth because of the increasing offshore wind installations, growing demand for inter-country and island connection, and demand from offshore oil & gas sector. Increasing demand for HVDC connections is one of the major opportunities for the Submarine Power Cable Market.
Market Analysis and Insights: Global Submarine Power Cable Market
The global Submarine Power Cable market size is projected to reach US$ 8175.6 million by 2026, from US$ 7473.7 million in 2020, at a CAGR of 8.7%% during 2021-2026.
Global Submarine Power Cable Scope and Segment
Submarine Power Cable market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Submarine Power Cable market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.
Segment by Type, the Submarine Power Cable market is segmented into
Single Core Cable
Multi Core Cable
Segment by Application, the Submarine Power Cable market is segmented into
Offshore Wind Power Generation
Inter-country and Island Connection
Offshore Oil Rigs
Others
Regional and Country-level Analysis
The Submarine Power Cable market is analysed and market size information is provided by regions (countries).
The key regions covered in the Submarine Power Cable market report are North America, Europe, China, Japan and South Korea. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.
Submarine Power Cable market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of Submarine Power Cable by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on production, revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue, and the production capacity, price, revenue generated in Submarine Power Cable business, the date to enter into the Submarine Power Cable market, Submarine Power Cable product introduction, recent developments, etc.
The major vendors covered:
ABB
General Cable
Nexans
NKT Cables
Prysmian
...
The overall market is set to witness significant growth because of the increasing offshore wind installations, growing demand for inter-country and island connection, and demand from offshore oil & gas sector. Increasing demand for HVDC connections is one of the major opportunities for the Submarine Power Cable Market.
Market Analysis and Insights: Global Submarine Power Cable Market
The global Submarine Power Cable market size is projected to reach US$ 8175.6 million by 2026, from US$ 7473.7 million in 2020, at a CAGR of 8.7%% during 2021-2026.
Global Submarine Power Cable Scope and Segment
Submarine Power Cable market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Submarine Power Cable market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.
Segment by Type, the Submarine Power Cable market is segmented into
Single Core Cable
Multi Core Cable
Segment by Application, the Submarine Power Cable market is segmented into
Offshore Wind Power Generation
Inter-country and Island Connection
Offshore Oil Rigs
Others
Regional and Country-level Analysis
The Submarine Power Cable market is analysed and market size information is provided by regions (countries).
The key regions covered in the Submarine Power Cable market report are North America, Europe, China, Japan and South Korea. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.
Competitive Landscape
and Submarine Power Cable Market Share AnalysisSubmarine Power Cable market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of Submarine Power Cable by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on production, revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue, and the production capacity, price, revenue generated in Submarine Power Cable business, the date to enter into the Submarine Power Cable market, Submarine Power Cable product introduction, recent developments, etc.
The major vendors covered:
ABB
General Cable
Nexans
NKT Cables
Prysmian
...
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
