Submarine Power Cable Market Forecast 2027

$4950$7250

SKU: MRFR220357 Category: Tag:

Description

Submarine Power Cable Market Forecast to 2027

Market Overview

As per our analysis, the global submarine power cable market is anticipated to witness a healthy CAGR of 12.5% during the review period to surpass USD 19,071.3 million by the end of 2027. The market expansion can be principally attributed to the rising number of seaward wind ranches and the growing interest in seaward oil and gas activities. The developing interest for intercountry and island power associations is supposed to set out open doors for the submarine power cable market players during the gauge time frame. However, the high establishment costs and fixing intricacy are supposed to restrain the development of the submarine power cable market during the review period.
The interest in energy has been developing worldwide at a consistent rate and is supposed to develop the submarine power cable market consistently during the gauge time frame. Rising pay expanded admittance to power, and urbanization is the essential purpose behind the rising interest in power around the world. As per information from IEA, energy interest in 2019 became by 2.3% from 2018, principally because of the developing warming and cooling needs around the world. Energy age organizations have been zeroing in on environmentally friendly power age to diminish fossil fuel by-products and advance manageable development worldwide. Moreover, the rising worries about the developing fossil fuel by-products and the endeavors to control them bring about a need to expand the portion of environmentally friendly power like breeze and wave and flowing energy in the power age blend.

Segment Overview

Global Submarine Power Cable Market is classified into Type, Insulation Type, Voltage, Conductor Material, and Ends-Use. The Type segment is bifurcated into Single Core and Multi Core. Based on Insulation Type the market is divided into Cross-linked polyethylene (XLPE) and Ethylene Propylene Rubber (EPR).
The Voltage segment is classified into Up to 66 KV, 66 KV – 220 KV, and Above 220 KV. The Conductor Material segment is made up of Copper and Aluminum.
In terms of End-use, the submarine cable market is categorized as Offshore Wind Power Generation, Offshore Oil & Gas, Island Connection, and Wave and Tidal Power Generation.

Regional analysis

Europe represented the biggest piece of the pie of in 2020, with a market worth of USD 2,827.7 million; the market is supposed to enroll the most elevated CAGR of 13.8% during the gauge time frame.
China represented the biggest piece of the pie in 2020 in the Asia Pacific area. The market is supposed to enroll the most elevated CAGR of 15.4% during the gauge time frame. Japan accounted for the second-biggest market in 2020 and is projected to observe development at a CAGR of 12.3% during the forecast period.

Major Players

The prominent players in the global submarine power cable market are Prysmian Group, NEXANS, Sumitomo Electric Industries, Ltd, ZTT, HENGTONG GROUP CO., LTD., Qingdao Hanhe Cable Co., Ltd., NKT A/S, FURUKAWA ELECTRIC CO., LTD., LS Cable & System Ltd, and Fujitsu.

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 1.1.1 GLOBAL SUBMARINE POWER CABLE MARKET, BY TYPE 1.1.2 GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE 1.1.3 GLOBAL SUBMARINE POWER CABLE MARKET, BY VOLTAGE 1.1.4 GLOBAL SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL 1.1.5 GLOBAL SUBMARINE POWER CABLE MARKET, BY END-USE 1.1.6 GLOBAL SUBMARINE POWER CABLE MARKET, BY REGION 2 MARKET INTRODUCTION 2.1 DEFINITION 2.2 SCOPE OF THE STUDY 2.3 RESEARCH OBJECTIVE 2.4 MARKET STRUCTURE 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 3.2 PRIMARY RESEARCH 3.3 SECONDARY RESEARCH 3.4 MARKET SIZE ESTIMATION 3.5 FORECAST MODEL 3.6 LIST OF ASSUMPTIONS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 DRIVERS 4.2.1 RISING NUMBER OF OFFSHORE WIND FARMS 4.2.2 INCREASING DEMAND IN OFFSHORE OIL & GAS OPERATIONS 4.3 RESTRAINTS 4.3.1 HIGH INSTALLATION COST AND REPAIRING COMPLEXITY 4.4 OPPORTUNITIES 4.4.1 GROWING DEMAND FOR INTERCOUNTRY AND ISLAND POWER CONNECTIONS 4.5 IMPACT ANALYSIS OF COVID-19 4.5.1 IMPACT ON OVERALL POWER INDUSTRY 4.5.1.1 ECONOMIC IMPACT 4.5.2 IMPACT ON THE SUBMARINE CABLE MARKET 4.5.3 IMPACT ON SUPPLY CHAIN OF SUBMARINE CABLE MARKET 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 4.5.3.2 PRODUCTION SHUTDOWN 4.5.3.3 CASH FLOW CONSTRAINTS 4.5.3.4 IMPACT ON IMPORT/EXPORT 4.5.4 IMPACT ON THE MARKET DEMAND FOR SUBMARINE CABLE 4.5.4.1 IMPACT DUE TO LOCKDOWN 4.5.4.2 CONSUMER SENTIMENTS 4.5.5 IMPACT ON PRICING OF SUBMARINE CABLE 5 MARKET FACTOR ANALYSIS 5.1 SUPPLY CHAIN ANALYSIS 5.1.1 DESIGN & DEVELOPMENT 5.1.2 RAW MATERIAL & COMPONENT SUPPLY 5.1.3 MANUFACTURE & ASSEMBLY 5.1.4 DISTRIBUTION 5.1.5 END USE 5.2 PORTER’S FIVE FORCES MODEL 5.2.1 THREAT OF NEW ENTRANTS 5.2.2 BARGAINING POWER OF SUPPLIERS 5.2.3 BARGAINING POWER OF BUYERS 5.2.4 THREAT OF SUBSTITUTES 5.2.5 RIVALRY 6 GLOBAL SUBMARINE POWER CABLE MARKET, BY TYPE 6.1 OVERVIEW 6.2 SINGLE CORE 6.3 MULTI CORE 7 GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE 7.1 OVERVIEW 7.2 CROSS-LINKED POLYETHYLENE (XLPE) 7.3 ETHYLENE PROPYLENE RUBBER (EPR) 8 GLOBAL SUBMARINE POWER CABLE MARKET, BY VOLTAGE 8.1 OVERVIEW 8.2 UP TO 66 KV 8.3 66 KV – 220 KV 8.4 ABOVE 220 KV 9 GLOBAL SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL 9.1 OVERVIEW 9.2 COPPER 9.3 ALUMINUM 10 GLOBAL SUBMARINE POWER CABLE MARKET, BY END-USE 10.1 OVERVIEW 10.2 OFFSHORE WIND POWER GENERATION 10.3 OFFSHORE OIL & GAS 10.4 ISLAND CONNECTION 10.5 WAVE AND TIDAL POWER GENERATION 11 GLOBAL SUBMARINE POWER CABLE MARKET, BY REGION 11.1 OVERVIEW 11.2 NORTH AMERICA 11.2.1 US 11.2.2 CANADA 11.2.3 MEXICO 11.3 ASIA-PACIFIC 11.3.1 CHINA 11.3.2 JAPAN 11.3.3 MALAYSIA 11.3.4 INDONESIA 11.3.5 REST OF ASIA-PACIFIC 11.4 EUROPE 11.4.1 GERMANY 11.4.2 UK 11.4.3 NORWAY 11.4.4 DENMARK 11.4.5 THE NETHERLANDS 11.4.6 REST OF EUROPE 11.5 MIDDLE EAST & AFRICA 11.5.1 SAUDI ARABIA 11.5.2 UAE 11.5.3 ANGOLA 11.5.4 REST OF MIDDLE EAST & AFRICA 11.6 SOUTH AMERICA 11.6.1 BRAZIL 11.6.2 ARGENTINA 11.6.3 REST OF SOUTH AMERICA 12 COMPETITIVE LANDSCAPE 12.1 COMPETITIVE OVERVIEW 12.2 COMPETITIVE BENCHMARKING 12.3 MARKET SHARE ANALYSIS 13 COMPANY PROFILES 13.1 PRYSMIAN GROUP 13.1.1 COMPANY OVERVIEW 13.1.2 FINANCIAL OVERVIEW 13.1.3 PRODUCTS OFFERED 13.1.4 KEY DEVELOPMENTS 13.1.5 SWOT ANALYSIS 13.1.6 KEY STRATEGIES 13.2 NEXANS 13.2.1 COMPANY OVERVIEW 13.2.2 FINANCIAL OVERVIEW 13.2.3 PRODUCTS OFFERED 13.2.4 KEY DEVELOPMENTS 13.2.5 SWOT ANALYSIS 13.2.6 KEY STRATEGIES 13.3 NKT A/S 13.3.1 COMPANY OVERVIEW 13.3.2 FINANCIAL OVERVIEW 13.3.3 PRODUCTS OFFERED 13.3.4 KEY DEVELOPMENTS 13.3.5 SWOT ANALYSIS 13.3.6 KEY STRATEGIES 13.4 FURUKAWA ELECTRIC CO., LTD. 13.4.1 COMPANY OVERVIEW 13.4.2 FINANCIAL OVERVIEW 13.4.3 PRODUCTS OFFERED 13.4.4 KEY DEVELOPMENTS 13.4.5 SWOT ANALYSIS 13.4.6 KEY STRATEGIES 13.5 LS CABLE & SYSTEM LTD 13.5.1 COMPANY OVERVIEW 13.5.2 FINANCIAL OVERVIEW 13.5.3 PRODUCTS OFFERED 13.5.4 KEY DEVELOPMENTS 13.5.5 SWOT ANALYSIS 13.5.6 KEY STRATEGIES 13.6 SUMITOMO ELECTRIC INDUSTRIES, LTD. 13.6.1 COMPANY OVERVIEW 13.6.2 FINANCIAL OVERVIEW 13.6.3 PRODUCTS OFFERED 13.6.4 KEY DEVELOPMENTS 13.7 ZTT 13.7.1 COMPANY OVERVIEW 13.7.2 FINANCIAL OVERVIEW 13.7.3 PRODUCTS OFFERED 13.7.4 KEY DEVELOPMENTS 13.8 HENGTONG GROUP CO., LTD. 13.8.1 COMPANY OVERVIEW 13.8.2 FINANCIAL OVERVIEW 13.8.3 PRODUCTS OFFERED 13.8.4 KEY DEVELOPMENTS 13.9 QINGDAO HANHE CABLE CO., LTD. 13.9.1 COMPANY OVERVIEW 13.9.2 FINANCIAL OVERVIEW 13.9.3 PRODUCTS OFFERED 13.9.4 KEY DEVELOPMENTS 13.10 FUJITSU 13.10.1 COMPANY OVERVIEW 13.10.2 FINANCIAL OVERVIEW 13.10.3 PRODUCTS OFFERED 13.10.4 KEY DEVELOPMENTS

Companies Mentioned

Prysmian Group, NEXANS, Sumitomo Electric Industries, Ltd, ZTT, HENGTONG GROUP CO., LTD., Qingdao Hanhe Cable Co., Ltd., NKT A/S, FURUKAWA ELECTRIC CO., LTD., LS Cable & System Ltd, and Fujitsu

Reviews

There are no reviews yet.

Be the first to review “Submarine Power Cable Market Forecast 2027”