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Submarine Power Cable Market Size By Type, By Voltage, By End User , By Geographic Scope And Forecast To 2023

01-12-2022 07:47 AM CET | Energy & Environment

Press release from: SDKI

Submarine Power Cable Market Size By Type, By Voltage, By End User

SDKI Inc. published a new research report on "Undersea Power Cable Market-Global Forecast 2023" on April 14, 2021. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2018-2023 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109967

The submarine power cable market is estimated to grow from US $ 8.12 billion in 2018 to US $ 16.56 billion by 2023, with a CAGR of 15.32% during the forecast period. High demand from the offshore wind industry and intercountry / island connections is driving demand for submarine power cables. In addition, the increased deployment of submarine power cables in the offshore oil and gas sector will further drive the growth of this market.

Market segment

The submarine power cable market is by type (single core, multi-core), voltage (medium, high), conductor material (copper, aluminum), end user (offshore wind power, intercountry / island connections, and). Offshore oil and gas), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The single-core segment is expected to grow at the largest CAGR between 2018-2023.

Based on type, the single core segment is expected to be the fastest growing segment between 2018-2023. These are considered the best cable types for submarine power cables. Single-core submarine power cables have less reverse current than multi-core cables and are suitable for long-distance coverage. Therefore, high application-based demand for this cable type is expected to drive market growth.

The high voltage segment is expected to dominate the submarine power cable market between 2018-2023.

Based on voltage, the high voltage segment is estimated to occupy the largest market share in the submarine power cable market. The high voltage segment market is driven by grid interconnects and an increasing number of offshore wind projects, as long-distance transmission requires large capacity cables.

Report sample URL
https://www.sdki.jp/sample-request-109967

Regional Overview

Europe holds the largest share of the submarine power cable market in 2018, followed by Asia Pacific and North America. The UK and Germany are expected to hold the largest share of the submarine power cable market in the region due to the large investment in the offshore wind sector. Meanwhile, the submarine power cable market is expected to grow at a good pace in countries such as India, China, Taiwan and South Korea with the addition of new capacity in the offshore wind industry planned during the forecast period. Therefore, these factors are expected to drive the growth of the Asia Pacific submarine power cable market.

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. For more detailed analysis, each region is further divided into countries:

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
- North America (US and Canada)
- Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
- Latin America (Brazil, Mexico, Argentina, and other Latin America)
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Details of the survey report
https://www.sdki.jp/reports/submarine-power-cable-market/109967

Key Players

submarine power cable market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US) and Sumitomo (Japan). The study includes a detailed competitive analysis of these major companies in the submarine power cable market, corporate profiles, recent developments, and key market strategies.

Contact Us:

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jpTokyo, Shibuya-ku, Japan

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

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