Press release
Submarine Power Cable Market Aiming for USD 29.02 Billion by 2030
Submarine Power Cable Market
๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Submarine Power Cable Market plays a critical role in global communication and energy transmission, serving as a backbone for international connectivity. Submarine cables, submerged underwater on the ocean floor, enable efficient and rapid data and energy transfer over long distances. These cables have historically been vital for communication between continents and islands, offering economic and technological advantages over satellite systems. The market is characterized by a network of over 500,000 cables connecting various regions, illustrating the increasing reliance on submarine cables for both power and data transmission. The adoption of submarine fiber optic systems over satellite communications underscores their economic efficiency and technological superiority, particularly in long-distance international transmissions.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/13497/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ:
Several factors drive the growth of the Submarine Power Cable Market. The rapid expansion of offshore renewable energy sources, such as wind and wave power, necessitates high-voltage submarine cables to export energy to the mainland grid. The deployment of these cables facilitates the transition to greener energy solutions and supports the integration of renewable energy into existing power grids. Additionally, the increasing connectivity requirements between countries and regions, driven by economic development and population growth, create a robust demand for these cables. Submarine cables are essential for powering offshore platforms, including those in the oil and gas industry, further highlighting their crucial role in maintaining energy security and reliability. The market also benefits from advancements in technology, such as high-voltage direct current (HVDC) systems, which enable efficient power transmission over long distances, reducing losses and improving reliability.
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ : ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฉ๐๐๐ญ๐๐ฌ
๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's commitment to increasing its offshore wind capacity is creating significant demand for submarine power cables. The government's targets to generate 10,000 MW from wind energy by 2030 are driving growth in this market. Additionally, international collaborations and mergers with leading cable manufacturers are enhancing technological capabilities and supply chains.
๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's push for energy independence and renewable energy integration is opening doors for submarine power cable deployment. The government's Green Energy Policy is encouraging investments in offshore wind farms and interconnections with neighboring countries like Laos and Cambodia. This policy drive is fostering partnerships and acquisitions with global cable manufacturers, aiming to leverage expertise and expand market reach.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/13497/
๐๐: ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
In the US, the push for renewable energy, particularly offshore wind, is leading to consolidation among submarine cable providers. Recent mergers, such as Nexans' acquisition of General Cable, are aimed at expanding capabilities in manufacturing and project execution. The US market is also characterized by increasing collaborations between cable manufacturers and local utilities to facilitate new installations and upgrades.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง
In Europe, the focus is on enhancing inter-country electricity connections and supporting the transition to clean energy. Countries like Germany, the UK, and the Netherlands are seeing growth through strategic alliances and joint ventures in the submarine cable market. Recent updates in technology and regulatory frameworks are encouraging further investment in this critical infrastructure.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐๐ฑ๐๐ง๐ฌ' acquisition of General Cable (US): Strengthened its position in the North American market, allowing for broader project execution capabilities in offshore wind installations.
๐๐ ๐๐๐๐ฅ๐ & ๐๐ฒ๐ฌ๐ญ๐๐ฆ'๐ฌ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐'๐ฌ ๐ฌ๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐๐๐ฅ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ (๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐): Expanded its global reach and technological capacity, particularly in high-voltage direct current (HVDC) cables.
๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐ญ๐ฐ๐๐๐ง ๐๐ข๐๐ฆ๐๐ง๐ฌ ๐๐๐ฆ๐๐ฌ๐ ๐๐ง๐ ๐๐๐ฑ๐๐ง๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ: Facilitating the development of undersea grid infrastructure for offshore wind farms.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.maximizemarketresearch.com/request-sample/13497/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ:
by Type
AC
DC
by Conductor Material
Copper
Aluminium
by Core Type
Single Core
Multi-Core
by Voltage
Up to 66 KV
66 KV-220 KV
Above 220 KV
by End User
Offshore Wind Power Generation
Offshore Oil & Gas
Island Connection
Wave & Tidal Power Generation
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/submarine-power-cable-market/13497/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Major Contributors in the Submarine Power Cable Market in Europe:
1. Prysmian Group (Italy)
2. Nexans SA (France)
3. Hydro Group plc (United Kingdom)
4. JDR Cable Systems (United Kingdom)
5. Brugg Kabel AG (Switzerland)
6. TF Kable (Poland)
7. Caledonian Cables Ltd. (United Kingdom)
8. NKT A/S (Denmark)
9. Hellenic Cables S.A. (Greece)
Major Leading Players in the Submarine Power Cable Market in Asia Pacific:
1. VISCAS Corporation (Japan)
2. Sumitomo Electric Industries, Ltd. (Japan)
3. Furukawa Electric Co., Ltd. (Japan)
4. LS Cable & System Ltd. (South Korea)
5. Hengtong Group Co., Ltd. (China)
6. ZTT Group (China)
7. Ningbo Orient Wires & Cables Co., Ltd. (China)
8. KEI Industries Limited (India)
9. ZMS Cable Group (China)
Major Leading Players in the Submarine Power Cable Market in Asia Pacific:
1. Dubai Cable Company (Ducab) (United Arab Emirates)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
โฆ Healthcare Big Data Analytics Market https://www.maximizemarketresearch.com/market-report/healthcare-big-data-analytics-market/185666/
โฆ Cultivated Meat Market https://www.maximizemarketresearch.com/market-report/cultivated-meat-market/152811/
โฆ Global Wave Energy Converter Market https://www.maximizemarketresearch.com/market-report/wave-energy-converter-market/164740/
โฆ Warehouse Automation System Market https://www.maximizemarketresearch.com/market-report/warehouse-automation-system-market/167432/
โฆ Global Healthcare Chatbot Market https://www.maximizemarketresearch.com/market-report/global-healthcare-chatbots-market/240/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โ +91 9607365656
๐ sales@maximizemarketresearch.com
๐ www.maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Aiming for USD 29.02 Billion by 2030 here
News-ID: 3783278 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD
GPS Tracking Device Market Surge Ahead at a CAGR of 13.1% from 2025 to 2032: Sma โฆ
GPS Tracking Device Market size was valued at USD 3.50 Billion in 2024 and the total GPS Tracking Device revenue is expected to grow at a CAGR of 13.1% from 2025 to 2032, reaching nearly USD 9.38 Billion.
GPS Tracking Device Market Overview:
The GPS tracking device market is entering a dynamic growth phase, propelled by mounting demand in logistics, automotive, personal safety, and healthcare industries. Innovations such as IoT integration, telematics,โฆ
Iron and Steel Slag Market to Grow at a CAGR of 1.5% in the Forecast Period of 2 โฆ
The Iron and Steel Slag Market size was valued at USD 25.81 Billion in 2024 and the total Iron and Steel Slag revenue is expected to grow at a CAGR of 1.5% from 2025 to 2032, reaching nearly USD 29.08 Billion.
Iron and Steel Slag Market Overview:
Iron and steel slag, a byproduct of metal smelting, is emerging as a linchpin in modern industrial ecosystems. Far from being waste, this versatile materialโฆ
Shooting Ranges Market Expected To Hit USD 2.57 Bn by 2032, with a CAGR of 7.85% โฆ
The Shooting Ranges Market size was valued at USD 1.40 Billion in 2024 and the total Shooting Ranges revenue is expected to grow at a CAGR of 7.85% from 2025 to 2032, reaching nearly USD 2.57 Billion.
Shooting Ranges Market Overview:
Shooting ranges serve as specialized facilities-both indoor and outdoor-where firearms and archery training, recreational shooting, and competitive events take place in controlled, safe environments. These venues support a wide spectrum ofโฆ
Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone R โฆ
The Fuel Cell UAV Market size was valued at USD 1661.38 Million in 2024 and the total Fuel Cell UAV revenue is expected to grow at a CAGR of 13.95% from 2025 to 2032, reaching nearly USD 4722.62 Million.
Fuel Cell UAV Market Overview:
Fuel-cell-powered unmanned aerial vehicles (UAVs) are swiftly redefining the drone landscape with their promise of prolonged flight times and greener operations. Leading aerospace innovators and emerging startups alikeโฆ
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab โฆ
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, โCable 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 Opportunityโฆ
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & โฆ
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 โ 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- timeโฆ
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P โฆ
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 andโฆ
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie โฆ
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012โฆ
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin โฆ
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 periodโฆ
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan โฆ
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled โGlobal Nuclear Power Cable Market 2016โ. 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 Reportโฆ
