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Global Submarine Power Cable Market 2017-2021

Global Submarine Power Cable Market 2017-2021

About Submarine Power Cable

Submarine power cables are used to transmit electricity below the ocean, that is, deep under the sea bed. These cables are used to transfer electricity from offshore wind turbines, tidal power projects, and onshore locations to oil rigs as well as to transmit electricity across countries or islands. Countries such as the UK and Germany that generate huge amounts of renewable energy through wind turbines use submarine power cables to export it to neighboring countries having less energy generation capacity.

Technavio’s analysts forecast the global submarine power cable market to grow at a CAGR of 5.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global submarine power cable market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Submarine Power Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Cable Technologies
  • Nexans
  • NKT Group
  • Prysmian Group
  • Sumitomo Electric Industries
Other prominent vendors
  • Belden
  • Hangzhou Cable
  • Hengtong Marine Cable System
  • KEI Industries
  • LS Cable & System
  • Southwire
  • ZTT
Market driver
  • Increasing inter-country and island connections
  • For a full, detailed list, view our report
Market challenge
  • Damages caused to cables by human interventions
  • For a full, detailed list, view our report
Market trend
  • Bladeless wind turbines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Submarine Power Cable Market 2017-2021

Technavio recognizes the following companies as the key players in the global submarine power cable market: General Cable Technologies, Nexans, NKT Group, Prysmian Group, and Sumitomo Electric Industries.

Other Prominent Vendors in the market are: Belden, Hangzhou Cable, Hengtong Marine Cable System, KEI Industries, LS Cable & System, Southwire, and ZTT.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is bladeless wind turbines. Offshore wind turbine is one of the major end-user segments of the submarine power cable market as the energy generated from offshore wind farms is transported using these cables. With the change in trend toward renewable energy projects, wind turbines have become one of the main sources of renewable energy in both onshore and offshore segments.”

According to the report, one driver in the market is increasing inter-country and island connections. According to the IEA, there will be a 40% rise in power demand, with most of the power satisfied with the help of renewable sources of energy owing to increasing environmental concerns. As a result, most of the countries are trying to invest on renewable projects such as wind and tidal energy projects that will increase the demand for submarine power cables. However, there are many countries or islands that are not able to generate electricity according to their demand.

Further, the report states that one challenge in the market is damages caused to cables by human interventions. Cables are easily exposed to damages owing to the manufacturing material used in them. Also, in the case of submarine cables, damages can occur due to several reasons. The major reason for the damages in submarine power cables is owing to the accidental issues created by fishing boats or ships. To reduce this risk, cables are laid deep under the seabed by taking trenches. However, accidents still happen as the anchor of the ships gets hooked to these cables.

Companies Mentioned

General Cable Technologies, Nexans, NKT Group, Prysmian Group, Sumitomo Electric Industries, Belden, Hangzhou Cable, Hengtong Marine Cable System, KEI Industries, LS Cable & System, Southwire, and ZTT.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Factors driving automation in food sorting
  • Market landscape
    • Market overview
      • Table Global automated food sorting machines market
      • Table Supply chain analysis of global automated food sorting machine market
    • Global automated food sorting machines market
      • Table Global automated food sorting machines market 2016-2021 ($ millions)
      • Table Performance of global automated food sorting machines market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global automated food sorting machines market by application 2016 and 2021 (%revenue)
    • Global automated food sorting machines market in dry food and packaged food processing
      • Table Global automated food sorting machines market in dry food processing 2016-2021($ millions)
    • Global automated food sorting machines market in fruits and vegetables processing
      • Table Global automated food sorting machines market in fruits and vegetable processing2016-2021 ($ millions)
    • Global automated food sorting machines market in dairy product processing
      • Table Global automated food sorting machines market in dairy product processing2016-2021 ($ millions)
    • Global automated food sorting machines market in fats and oil processing
      • Table Global automated food sorting machines market by fats and oil processing2016-2021 (% millions)
    • Global automated food sorting machines market in fish/seafood processing
      • Table Global automated food sorting machines market in fish/seafood processing2016-2021 ($ millions)
    • Global automated food sorting machines market in meat processing
      • Table Global automated food sorting machines market in meat processing 2016-2021($ millions)
    • Global automated food sorting machines market in others
      • Table Global automated food sorting machines market in others 2016- 2021 ($ millions)
  • Market segmentation by product
    • Market overview
      • Table Global automated food sorting machines market by product 2016 and 2021(% revenue)
    • Global automated food sorting machines market by belt sorter
      • Table Global automated food sorting machines market by belt sorter 2016-2021($ millions)
    • Global automated food sorting machines market by free-fall sorter
      • Table Global automated food sorting machines market by free-fall sorter 2016-2021($ millions)
    • Global automated food sorting machines market by gravity separator
      • Table Global automated food sorting machines market by gravity separator 2016-2021($ millions)
    • Global automated food sorting machines market by automated defect removal systems
      • Table Global automated food sorting machines market by automated defect removalsystems 2016-2021 ($ millions)
    • Global automated food sorting machines market by others
      • Table Global automated food sorting machines market by others 2016- 2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global automated food sorting machines market by geography 2016 and 2021(% revenue)
    • Automated food sorting machines market in the Americas
      • Table Automated food sorting machines market in the Americas 2016- 2021 ($ millions)
      • Table Performance of automated food sorting machines market in the Americas
    • Automated food sorting machines market in EMEA
      • Table Automated food sorting machines market in EMEA 2016-2021 ($ millions)
      • Table Performance of automated food sorting machines market in EMEA
    • Automated food sorting machines market in APAC
      • Table Automated food sorting machines market in APAC 2016-2021 ($ millions)
      • Table Performance of automated food sorting machines market in APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Advanced detection technology
    • Incorporation of machine intelligence in automation
    • Information analytics
  • Vendor landscape
    • Competition overview
      • Table Impact of competitors on global automated food sorting machines market 2016 and2021
      • Table Mergers and acquisitions in the food industry in 2015
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • GREEFA
      • Table Food sorting applications
      • Table GREEFA: Automated food sorting machines
      • Table GREEFA: Recent developments
    • Key Technology
      • Table Key Technology: Food sorting applications
      • Table Key Technology: Automated food sorting machines
      • Table Key Technology: Recent developments
    • Sesotec
      • Table Sesotec: Food sorting applications
      • Table Sesotec: Automated food sorting machines
      • Table Sesotec: Recent developments
    • TOMRA
      • Table TOMRA: Food sorting applications
      • Table TOMRA: Automated food sorting machines
      • Table TOMRA: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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