Submarine Power Cables Market Forecast 2020-2027 By Regions, Type and Application with Sales and Revenue Analysis

The Global Submarine Power Cables Market is estimated to reach USD 19.57 Billion in 2024 at a CAGR of 12.7%. Increasing adoption of offshore wind farms, growing demand for renewable grid connections, and expanding offshore oil and gas platforms are expected to drive the market during the forecast period. However, authorization process of the project and initial installation cost of the product is expected to restrain the market during the forecast period.

Submarine power cable is a type of transmission cable which carry electronic power below the surface of the water. They are called submarine power cable because they usually carry electric power beneath salt water and many other water sources. For the transmission of electric power through submarine power cables, direct current (DC) is preffered because DC cables requires low reactive power than submarine AC cables. Some key players in submarine power cables market are Nexans SA, The Prysmian Group, Furukawa Electric Co Ltd, NKT A/S, and HENGTONG GROUP CO. LTD among others.

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Submarine Power Cables Market: Segmentation

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into high voltage alternating current (HVAC) and high voltage direct current (HVDC). By material, the global market is segmented into conductor and insulator. On the basis of voltage, the market is segmented into medium (> 66 kV), high (66 kV to 220 kV), extra high (> 220 kV to 400 kV), and ultra-high (> 400 kV). By core the market is segmented into single core and multi-core. By end use industry, the global market is segmented into offshore renewable power generation, island and intercountry connections, and oil and gas.

Submarine Power Cables Market: Report Scope

The report on the submarine power cables market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Submarine Power Cables Market include:

Nexans SA (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
The Prysmian Group
Furukawa Electric Co Ltd
Intertek Group plc
HENGTONG GROUP PVT LTD
Sumitomo Electric Industries, Ltd
Hydro Group Plc
NKT A/S
ZTT
TFKable
Other Key Companies

Submarine Power Cables Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Submarine Power Cables Market by Type

High voltage alternating current (HVAC)
High voltage direct current (HVDC)

Submarine Power Cables Market, by Material

Conductor
Insulator

Submarine Power Cables Market, by Voltage

Medium (> 66 kV)
High (66 kV to 220 kV)
Extra high (> 220 kV to 400 kV)
Ultra-high (> 400 kV)

Submarine Power Cables Market, by Core (Qualitative Chapter)

Single Core
Multi-Core

Submarine Power Cables Market by, End-Use Industry

Offshore renewable power generation
Island and Intercountry Connections
Offshore Oil and Gas

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Submarine Power Cables Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the global market and its growth?
What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key players operating in the global market?
How are the major players leveraging in the existing market conditions?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Increasing adoption of offshore wind farms

4.2.2. Growing demand for renewable grid connections

4.2.3. Expanding oil and gas offshore platforms

4.3 Restraints

4.3.1. Initial installation cost of the product

4.3.2. Authorization process of the project

4.4 Opportunities

4.4.1. Marine renewable energy sector

4.4.2. Increasing demand for high voltage direct current (HVDC) submarine power cable

4.5 Challenges

4.5.1. Cable damage through human interventions

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 GLOBAL SUBMARINE POWER CABLES MARKET BY TYPE, Market Size in USD Million and Kilometers (2017—2024)

6.1 Introduction

6.2 High Voltage Alternating Current (HVAC)

6.3 High Voltage Direct Current (HVDC)

7 GLOBAL SUBMARINE POWER CABLES MARKET BY CORE, Market Size in USD Million and Kilometers (2017—2024)

7.1 Introduction

7.2 Single Core

7.3 Multi-Core

8 GLOBAL SUBMARINE POWER CABLES MARKET BY VOLTAGE, Market Size in USD Million and Kilometers (2017—2024)

8.1 Introduction

8.2 Medium Voltage (>66 KV)

8.3 High Voltage (66KV to 220KV)

8.4 Extra High Voltage (220KV to 400KV)

8.5 Ultra High Voltage(>400KV)

9 GLOBAL SUBMARINE POWER CABLES MARKET BY MATERIAL, Market Size in USD Million and Kilometers (2017—2024)

9.1 Introduction

9.2 Conductor

9.3 Insulator

10 GLOBAL SUBMARINE POWER CABLES MARKET BY END-USE INDUSTRY, Market Size in USD Million and Kilometers (2017—2024)

10.1 Introduction

10.2 Offshore Renewable Power Generation

10.3 Island and Intercountry Connections

10.4 Offshore Oil and Gas

11 GLOBAL SUBMARINE POWER CABLES MARKET BY REGION, Market Size in USD Million and Kilometers (2017—2024)

11.1 North America

11.1.1 US

11.1.2 Canada

11.1.3 Mexico

11.2 Europe

11.2.1 Germany

11.2.2 Norway

11.2.3 Sweden

11.2.4 UK

11.2.5 Denmark

11.2.6 Spain

11.2.7 Rest of Europe

11.3 Asia-Pacific

11.3.1 China

11.3.2 Japan

11.3.3 India

11.3.4 South Korea

11.3.5 Australia

11.3.6 Rest of Asia-Pacific

11.4 Middle East

11.4.1 Saudi Arabia

11.4.2 UAE

11.4.3 Rest of Middle East

11.5 South America

11.5.1 Brazil

11.5.2 Argentina

11.5.3 Rest of South America

12 COMPETITIVE LANDSCAPE

12.1 Introduction

12.2 Market Ranking/Share Analysis of Key Companies

12.3 Company Benchmarking

13 COMPANY PROFILES

13.1 Nexans SA

13.1.1 Company Overview

13.1.2 Financial Overview

13.1.3 Products/Solutions/Services Offered

13.1.4 Key Developments

13.1.5 SWOT Analysis

13.2 The Prysmian Group

13.3 NKT A/S

13.4 Furukawa Electric Co Ltd

13.5 Intertek Group plc

13.6 HENGTONG GROUP CO. LTD

13.7 Sumitomo Electric Industries, Ltd

13.8 Hydro Group Plc.

13.9 ZTT

13.10 TFKable

13.11 Other Key Companies

14 APPENDIX

14.1 Key Industry Expert Insights

14.2 Primary Discussion Guide

14.3 Customization Options

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