Industries > Energy > Global Submarine Power Cable Market Report 2019-2029

Global Submarine Power Cable Market Report 2019-2029

Analysis by Type (Multicore and Single), Voltage (High and Medium), by Conductor Material (Aluminum and Copper), by End-User (Offshore Wind Power Generation, Offshore Oil & Gas and Inter-Country & Island Connection), Company and Country Analysis and Forecasts

PUBLISHED: 11 June 2019
PAGES: 152
PRODUCT CODE: ENE0253
SUBMARKET: Electric Power

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Market Definition:
• Submarine power cable is a major transmission cable used for carrying electricity below the surface of water. They carry electric power beneath salt water, however it is possible to use cables under fresh water lakes and rivers.
• The main objective of submarine power cable is to carry high voltage electric current. The core is concentric assembly of electric insulation, inner conductor and protective layers.

Market Overview and Trends
• In March 2019, Prysmian Group, has was awarded a new contract worth $21.8 million by New Brunswick Power Corporation (NB Power to design, manufacture and installation of a three-core submarine cable system.

Market Dynamics:

Factors Influencing the Market Growth:
• Increasing Demand for Inter-Country & Island Power Connections
• Increasing Number of Offshore Wind Farms

Factors Restraining the Market Growth:
• High Cost of Installation and Complexity in the Repair of Deepwater Cables
• Regulatory, Environmental, & Complex Authorization Procedures Leading to Delays

Market Segmentation 2019-2029:

Type
• Multicore Market, 2019-2029
• Single Market, 2019-2029

Voltage
• High Market, 2019-2029
• Medium Market, 2019-2029

Conductor Material
• Aluminium Market, 2019-2029
• Copper Market, 2019-2029

End User
• Offshore Wind Power Generation Market, 2019-2029
• Offshore Oil & Gas Market, 2019-2029
• Inter-Country & Island Connection Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Latin America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East and Africa World Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies such as production development in order to improve and increase their foothold in the global submarine power cable market.

Major Market Players:
• Key company profiles such as Benchmarking, Prysmian, Nexans, General Cable Corporation, NKT, Sumitomo Electric, Furukawa Electric, ZTT, KEI Industries, LS Cable & System, Tele-Fonika Kable, Hydro Group and Hengtong Group are also provided in the report.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

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