The South America submarine power cablemarket is expected to grow from US$ 267.27 million in 2021 to US$ 372.11 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
Future Opportunities for Submarine Power Cable Market is Driving the South America Submarine Power Cable Market
The constantly rising investments across the globe on several offshore oil and gas projects, offshore wind farms, and intercountry power transmission projects is expected to increase the demand for submarine power cables across the globe. Some of the major investments and initiatives to be mentioned are:- Brazil's offshore renaissance aims to increase crude output by a factor of two by 2030. Brazil is expected to add more crude output than any other country outside of the United States and OPEC until 2026. While the rest of the world cut back on oil production because to the epidemic, Brazil was one of the only non-OPEC countries to increase output, adding more than any other non-OPEC country except Norway. By 2030, it aims to treble crude output and become the world's fifth-largest exporter.
- Latin America also has a strong pipeline for building wind energy farms. According to the market study, the Latin American region plans to build 120 2000 GW of wind farms by 2050.
South America Submarine Power Cable Market Overview
The South American submarine power cable market is further segmented into Brazil, Argentina, and the Rest of South America. Exploration and production of oil and natural gas are important activity for countries like Brazil. They also want to expand their reserves and output to ensure that we can satisfy the rising energy demand. Most Brazil's oil reserves are offshore fields, requiring drilling to reach ever-greater depths. More than 10 additional production systems are projected to come online during the next five years, resulting in a 5% increase in production by 2023. In 2019, the country produced 2.8 million boe (barrels of oil equivalent) of total oil and gas (both domestically and internationally). Brazil is estimated to contribute roughly 23% of global offshore crude oil and condensate production in 2025, or 1.3 million barrels per day (mmbd), from important planned and announced projects (new-build projects) that are expected to start operations between 2021 and 2025. Thus, just high investments on offshore oil and gas rigs across the country is propelling the growth of the submarine power cables market across the region over the forecast period.South America Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)
South America Submarine power cable Market Segmentation
The South America submarine power cable markett is segmented into type, conductor material, voltage, application, and country.- Based on type, the South America submarine power cable market is bifurcated into multicore, single core. The single core segment accounted for the highest share in the South America submarine power cable market in 2021.
- Based on conductor material, the South America submarine power cable market is segmented into copper and Aluminum. The copper segment accounted for the highest share in the South America market in 2021.
- Based on voltage, the South America submarine power cable market is segmented into high voltage, and medium voltage. The high voltage accounted for a higher share in the South America submarine power cable market in 2021.
- Based on application, the South America submarine power cable market is segmented into offshore oil and gas, offshore wind power, inter-country and island connection, and others. The offshore wind power segment accounted for the highest share in the submarine power cable South America market in 2021.
- Based on country, the South America submarine power cable market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America submarine power cable market share in 2021.
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. SAM Submarine Power Cable Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Submarine Power Cable Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Submarine Power Cable Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Investment on Offshore Wind Energy Plants
5.1.2 Rise in Cross Country Submarine Connections for Power Transmission
5.2 Market Restraints
5.2.1 Longer Life Span of Submarine Power Cable
5.3 Market Opportunities
5.3.1 Future Opportunities for Submarine Power Cable Market
5.4 Future Trends
5.4.1 Rise in Development of Underwater Data Center
5.5 Impact Analysis of Drivers and Restraints
6. Submarine Power Cable Market - SAM Market Analysis
6.1 SAM Submarine Power Cable Market Forecast and Analysis
7. SAM Submarine Power Cable Market Analysis - By Type
7.1 Overview
7.2 SAM Submarine Power Cable Market Breakdown, by Type, 2020 and 2028
7.3 Multicore
7.3.1 Overview
7.3.2 Multicore: SAM Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
7.4 Single Core
7.4.1 Overview
7.4.2 Single Core: SAM Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
8. SAM Submarine Power Cable Market Analysis - By Conductor Material
8.1 Overview
8.2 SAM Submarine Power Cable Market, by Conductor Material (2020 and 2028)
8.3 Copper
8.3.1 Overview
8.3.2 Copper: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminium: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
9. SAM Submarine Power Cable Market Analysis - By Voltage
9.1 Overview
9.2 SAM Submarine Power Cable Market, by Voltage (2020 and 2028)
9.3 High Voltage
9.3.1 Overview
9.3.2 High Voltage: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Voltage
9.4.1 Overview
9.4.2 Medium Voltage: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
10. SAM Submarine Power Cable Market Analysis - By Application
10.1 Overview
10.2 SAM Submarine Power Cable Market, by Application (2020 and 2028)
10.3 Offshore Oil and Gas
10.3.1 Overview
10.3.2 Offshore Oil and Gas: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Offshore Wind Power
10.4.1 Overview
10.4.2 Offshore Wind Power: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Inter-Country and Island Connection
10.5.1 Overview
10.5.2 Inter-Country and Island Connection: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
11. SAM Submarine Power Cable Market - Country Analysis
11.1 Overview
11.1.1 SAM: Submarine Power Cable Market, by Key Country
11.1.1.1 Brazil: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Submarine Power Cable Market, By Type
11.1.1.1.2 Brazil: Submarine Power Cable Market, by Conductor Material
11.1.1.1.3 Brazil: Submarine Power Cable Market, by Voltage
11.1.1.1.3.1 Brazil: Submarine Power Cable Market, by High Voltage
11.1.1.1.3.2 Brazil: Submarine Power Cable Market, by Medium Voltage
11.1.1.1.4 Brazil: Submarine Power Cable Market, by Application
11.1.1.2 Argentina: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Submarine Power Cable Market, By Type
11.1.1.2.2 Argentina: Submarine Power Cable Market, by Conductor Material
11.1.1.2.3 Argentina: Submarine Power Cable Market, by Voltage
11.1.1.2.3.1 Argentina: Submarine Power Cable Market, by High Voltage
11.1.1.2.3.2 Argentina: Submarine Power Cable Market, by Medium Voltage
11.1.1.2.4 Argentina: Submarine Power Cable Market, by Application
11.1.1.3 Rest of SAM: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Submarine Power Cable Market, By Type
11.1.1.3.2 Rest of SAM: Submarine Power Cable Market, by Conductor Material
11.1.1.3.3 Rest of SAM: Submarine Power Cable Market, by Voltage
11.1.1.3.3.1 Rest of SAM: Submarine Power Cable Market, by High Voltage
11.1.1.3.3.2 Rest of SAM: Submarine Power Cable Market, by Medium Voltage
11.1.1.3.4 Rest of SAM: Submarine Power Cable Market, by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ZT International Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 LS Cable & System Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KEI Industries Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sumitomo Electric Industries, Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 FURUKAWA ELECTRIC CO., LTD.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NKT A/S
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HENGTONG GROUP CO.,LTD.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Glossary
List of Tables
Table 1. SAM Submarine Power Cable Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. SAM: Submarine Power Cable Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Submarine Power Cable Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Submarine Power Cable Market, by Conductor Material - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Submarine Power Cable Market, by Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Submarine Power Cable Market, by High Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil: Submarine Power Cable Market, by Medium Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 8. Brazil: Submarine Power Cable Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Submarine Power Cable Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Submarine Power Cable Market, by Conductor Material - Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina: Submarine Power Cable Market, by Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 12. Argentina: Submarine Power Cable Market, by High Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 13. Argentina: Submarine Power Cable Market, by Medium Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 14. Argentina: Submarine Power Cable Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of SAM: Submarine Power Cable Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of SAM: Submarine Power Cable Market, by Conductor Material - Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of SAM: Submarine Power Cable Market, by Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of SAM: Submarine Power Cable Market, by High Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of SAM: Submarine Power Cable Market, by Medium Voltage - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of SAM: Submarine Power Cable Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. Glossary of terms, SAM Submarine Power Cable Market
List of Figures
Figure 1. SAM Submarine Power Cable Market Segmentation
Figure 2. SAM Submarine Power Cable Market Segmentation - By Country
Figure 3. SAM Submarine Power Cable Market Overview
Figure 4. Single Core Held the Highest Share in SAM Submarine Power Cable Market in 2020
Figure 5. SAM Submarine Power Cable Market, by Country
Figure 6. SAM - PEST Analysis
Figure 7. SAM Submarine Power Cable Market - Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. SAM Submarine Power Cable Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Submarine Power Cable Market Forecast and Analysis, (US$ Mn)
Figure 11. SAM Submarine Power Cable Market Revenue Share, by Type (2020 and 2028)
Figure 12. Multicore: SAM Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Single Core: SAM Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Submarine Power Cable Market Revenue Share, by Conductor Material (2020 and 2028)
Figure 15. Copper: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aluminum: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Submarine Power Cable Market Revenue Share, by Voltage (2020 and 2028)
Figure 18. High Voltage: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medium Voltage: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Submarine Power Cable Market Revenue Share, by Configuration (2020 and 2028)
Figure 21. Offshore Oil and Gas: SAM Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Offshore Wind Power: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Inter-Country and Island Connection: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM: Submarine Power Cable Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Brazil: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- FURUKAWA ELECTRIC CO. LTD
- HENGTONG GROUP CO. LTD
- KEI Industries Limited
- LS Cable & System Ltd
- NKT A/S
- Sumitomo Electric Industries Ltd
- ZT International Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 114 |
| Published | February 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 267.27 Million |
| Forecasted Market Value ( USD | $ 372.11 Million |
| Compound Annual Growth Rate | 4.8% |
| No. of Companies Mentioned | 7 |
