openPR Logo
Press release

Submarine Power Cable Market To Touch US$ 13,379.9 Mn by 2027

09-08-2021 06:47 AM CET | Energy & Environment

Press release from: Transparency Market Research - Energy & Mining

Albany, NY - The global submarine power cable market was valued at US$ 5,141.8 Mn in 2018 and is anticipated to register a stable CAGR of 11.3% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) titled ‘Submarine Power Cable Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Growing number of offshore wind generation capacity additions, increasing demand for grid interconnections and island connections, and rising demand from offshore oil gas sector have augmented the global submarine power cable market. The market in Europe is expanding at the maximum CAGR of 10.8% owing to numerous technological innovations and increasing demand for submarine power cables in the region. 

Download PDF Brochure -

Growth in Offshore Wind Power Generation to Drive the Submarine Power Cable Market

Submarine power cable systems are laid under the water for communication and electric transmission. These cables carry signals over long distances and they are primarily used to connect the mainland with large islands. The growing need to interconnect grids for optimum utilization of renewable energy, for example, offshore wind energy, is boosting the demand for submarine power cables. Increasing investments in the renewable energy sector, technology advancements and favorable government initiatives are major factors driving the global submarine power cable market. New additions to offshore wind generation capacity are undergoing in various developing countries. Furthermore, the increasing demand to generate electricity from offshore oil and gas facilities is another factor that propels the global submarine power cable market. Submarine cables or submarine fiber optic cables are laid on the ocean beds with the objective to connect various regions across the world for the communication purpose. These cables are also employed by various telecom carrier providers and private companies, such as Google, Facebook, and Microsoft, to provide their services across the globe. Increasing online content and rising Internet speed have led to high demand for submarine power cables.

More Trending Reports by Transparency Market Research –

Growing Adoption of Submarine Power Cables led by Technological Advancements and Rising Number of Offshore Wind Farms in China, India, the U.K., and South Africa to Create Lucrative Opportunities for Market

Geographically, the global submarine power cable market has been divided into five major regions. These include North America, Europe, Asia Pacific, South America, and Middle East Africa. In 2018, Europe was the leading region of the global market, followed by North America. This is primarily attributable to rise in the number of offshore wind farms and continuous efforts taken by market players from the region to introduce innovative submarine power cable products in the marketplace. The U.K. held a major share of the North America market in 2018 and the market in the country is estimated to expand at significant CAGR during the forecast period. North America is also anticipated to accumulate significant market share in 2018 owing to the rising number of offshore wind farm installations led by significant advancements in technology in the region. The submarine power cable market in Asia Pacific is expected to expand at a substantial CAGR during the forecast period. Factors such as growing technological innovations, increasing Internet traffic, rising number of telecom subscriptions and Internet connections, and increasing RD investments are expected to drive the submarine power cable market in Asia Pacific from 2018 to 2026.

Buy Now -

Furukawa Electric, General Cable Corporation, NKT Holding, and Prysmian Group to Continue to Lead the Global Submarine Power Cable Market

The company profiling of key players operating in the global submarine power cable market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years from 2016 to 2018. Major players operating in the global market and profiled in the report are Furukawa Electric, General Cable Corporation, Hengtong Group, Hydro Group, KEI Industries, LS Cable System, Nexans, NKT Holding, Prysmian Group, and Sumitomo Electric Industries. Various players are introducing technologically advanced submarine power cables and establishing partnerships with other players.

Request for covid19 Impact Analysis -


Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Submarine Power Cable Market To Touch US$ 13,379.9 Mn by 2027 here

News-ID: 2385141 • Views: 352

More Releases from Transparency Market Research - Energy & Mining

Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market­­­: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion

All 5 Releases

More Releases for Cable

Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research. Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and
Cable Management System Market (Cable Tray, Raceway, Floor Duct and Junction Box …
"The Report Cable Management System Market (Cable Tray, Raceway, Floor Duct and Junction Box, Cable Conduit, Cable Connectors, Cable Glands, Cable Chains and Reels, Cable Lugs and Tools, Others (Cable Tags and Route Markers)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -" View Sample PDF : Cable management refers
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis. Get Free Sample Copy of Report