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The submarine power cable market is forecasted to grow by USD 5.11 billion during 2023-2028, accelerating at a CAGR of 13.64% during the forecast period. The report on the submarine power cable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing offshore renewable energy installations, increasing inter-country and island connections, and rising global energy demand.
The submarine power cable market is segmented as below:
By Type
- Single core
- Multicore
By Application
- Offshore wind
- Island connection and inter-country
- Offshore oil
- Others
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
The report on the submarine power cable market covers the following areas:
- Submarine power cable market sizing
- Submarine power cable market forecast
- Submarine power cable market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global submarine power cable market: ABB Ltd., Eland Cables Ltd., Europacable, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., HELUKABEL Romania Srl, Hengtong Group Co. Ltd., Hydro Group, Jiangsu Zhongtian Technology Co Ltd, KEI Industries Ltd., Leoni AG, LS Cable and System Ltd., Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, Southwire Co. LLC, Subsea 7 SA, Sumitomo Electric Industries Ltd., and The Okonite Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in sales of hvdc power cables."
According to the report, one of the major drivers for this market is the growing offshore renewable energy installations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Eland Cables Ltd.
- Europacable
- Fujikura Co. Ltd.
- Furukawa Electric Co. Ltd.
- HELUKABEL Romania Srl
- Hengtong Group Co. Ltd.
- Hydro Group
- Jiangsu Zhongtian Technology Co Ltd
- KEI Industries Ltd.
- Leoni AG
- LS Cable and System Ltd.
- Nexans SA
- NKT AS
- Parker Hannifin Corp.
- Prysmian Spa
- Southwire Co. LLC
- Subsea 7 SA
- Sumitomo Electric Industries Ltd.
- The Okonite Co.
