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Submarine Power Cable Market, By Type (Single, Multicore), Voltage (Medium, High), Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, & Offshore Oil & Gas), & Region-Global Forecast To 2023

Submarine Power Cable Market, By Type (Single, Multicore), Voltage (Medium, High), Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, & Offshore Oil & Gas), & Region-Global Forecast To 2023

“The submarine power cable market is projected to grow at a CAGR of 15.32%, from 2018 to 2023.”
The submarine power cable market is projected to grow from USD 8.12 billion in 2018 to USD 16.56 billion by 2023, at a CAGR of 15.32% during the forecast period. The increasing demand from the offshore wind industry, along with demand from intercountry & island connections, have boosted the demand for submarine power cables. Also, the increasing deployment of submarine power cables in the offshore oil & gas sector would further aid the growth of this market. The high cost of installation and complex regulatory authorization procedures would act as a restraint for the submarine power cable market.

“The single core segment is expected to grow at the highest CAGR, from 2018 to 2023.”
The single core segment is expected to be the fastest-growing submarine power cable market, by type, from 2018 to 2023. It is considered to be the ideal cable type for submarine power cables. Single core submarine power cables are more suitable to cover longer distance as these cables experience lower reverse current when compared to multicore cables. Thus, application-based demand is high for this particular cable type, resulting in higher market share. The demand for single core submarine power cables is also driven by the increasing HVDC interconnections in Europe, Asia Pacific, and North America.

“The high voltage segment is expected to dominate the submarine power cable market from 2018 to 2023.”
The high voltage segment is estimated to be the largest market for submarine power cables in 2018. The market for the high voltage segment is driven by increasing number of grid interconnections and offshore wind projects, which require high-capacity cables for transmitting power over a long distance.

“Europe: The largest market for submarine power cable”
Europe is expected to be the largest market for submarine power cables in 2018, followed by Asia Pacific and North America. UK and Germany are expected to be the largest markets for submarine power cables in the region because of significant investments being made in the offshore wind sector.

The submarine power cable market is also expected to grow at a good pace in countries such as India, China, Taiwan and South Korea, because of new capacity additions in the offshore wind industry that are planned during the forecast period. These factors are expected to boost the growth of the submarine power cable market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as assess market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1 - 51%, Tier 2 - 30%, and Tier 3 - 19%
By Designation: C-Level - 31%, D-Level - 43%, Others - 26%
By Region: Asia Pacific - 30%, Europe - 27%, North America - 21%, Middle East & Africa - 16%, and South America - 6%,

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2017: Tier 1 =<USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 =<USD 1 billion.
Leading players in the submarine power cable market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Sumitomo (Japan).

Research Coverage:
The report defines, describes, and forecasts the global submarine power cable market by type, voltage, end-user, conductor material, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.

Why Buy this Report?
1. The report identifies and addresses key markets for submarine power cables, which would help suppliers review the growth in the demand for the product.
2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL SUBMARINE POWER CABLE MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • SUBMARINE POWER CABLE MARKET, BY COUNTRY
    • SUBMARINE POWER CABLE MARKET, BY CONDUCTOR TYPE
    • SUBMARINE POWER CABLE MARKET, BY TYPE
    • SUBMARINE POWER CABLE MARKET, BY VOLTAGE
    • SUBMARINE POWER CABLE MARKET, BY END-USER
    • EUROPE SUBMARINE POWER CABLE MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITY
        • Table SUBMARINE CABLE PROJECTS IN EUROPE, 2018–2040
      • CHALLENGES
  • SUBMARINE POWER CABLE MARKET, BY TYPE
    • INTRODUCTION
      • Table SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • SINGLE CORE
      • Table SINGLE CORE: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MULTICORE
      • Table MULTICORE: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • SUBMARINE POWER CABLE MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table SUBMARINE POWER CABLE MARKET SIZE, BY VOLTAGE, 2016–2023 (USD MILLION)
    • MEDIUM VOLTAGE
      • Table MEDIUM VOLTAGE: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • HIGH VOLTAGE
      • Table HIGH VOLTAGE: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
    • INTRODUCTION
      • Table SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
    • COPPER
      • Table PROPERTIES OF COPPER AND ALUMINIUM
      • Table COPPER: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • ALUMINUM
      • Table ALUMINUM: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • SUBMARINE POWER CABLE MARKET, BY END-USER
    • INTRODUCTION
      • Table SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
    • OFFSHORE WIND POWER GENERATION
      • Table OFFSHORE WIND PROJECTS, 2016–2017
      • Table OFFSHORE WIND POWER GENERATION: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • INTER-COUNTRY & ISLAND CONNECTION
      • Table GLOBAL SUBMARINE INTERCONNECTION PROJECTS, 2018–2027
      • Table INTER-COUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OFFSHORE OIL & GAS
      • Table OFFSHORE OIL & GAS: SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • SUBMARINE POWER CABLE MARKET, BY REGION
    • INTRODUCTION
      • Table SUBMARINE POWER CABLE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE OFFSHORE WIND SITES WITH GRID-CONNECTED TURBINES, 2017
      • BY TYPE
        • Table EUROPE: SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY VOLTAGE
        • Table EUROPE: SUBMARINE POWER CABLE MARKET SIZE, BY VOLTAGE, 2016–2023 (USD MILLION)
      • BY CONDUCTOR MATERIAL
        • Table EUROPE: SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: SUBMARINE POWER CABLE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table INVESTMENTS IN EUROPEAN OFFSHORE WIND FARMS IN 2017
        • Table UK: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table GERMANY: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table DENMARK: SUBMARINE POWER CABLES MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table NETHERLANDS: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table NORWAY: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table REST OF EUROPE: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • BY TYPE
        • Table ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY VOLTAGE
        • Table ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SIZE, BY VOLTAGE, 2016–2023 (USD MILLION)
      • BY CONDUCTOR MATERIAL
        • Table ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION
        • Table CHINA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table JAPAN: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table SOUTH KOREA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table MALAYSIA: SUBMARINE POWER CABLE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table INDONESIA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • BY TYPE
        • Table NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY VOLTAGE
        • Table NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY VOLTAGE, 2016–2023 (USD MILLION)
      • BY CONDUCTOR MATERIAL
        • Table NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table US: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table CANADA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table MEXICO: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY VOLTAGE
        • Table MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET SIZE, BY VOLTAGE, 2016–2023 (USD MILLION)
      • BY CONDUCTOR MATERIAL
        • Table MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
        • Table SAUDI ARABIA: SUBMARINE POWER CABLE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table UAE: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table ANGOLA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • BY TYPE
        • Table SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY VOLTAGE
        • Table SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY CONDUCTOR MATERIAL
        • Table SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY CONDUCTOR MATERIAL, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table BRAZIL: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table ARGENTINA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2015–2018
      • CONTRACTS & AGREEMENTS
      • EXPANSIONS & INVESTMENTS
      • NEW PRODUCT LAUNCHES
      • COLLABORATIONS & PARTNERSHIPS
      • MERGERS & ACQUISITIONS
  • COMPANY PROFILES
    • BENCHMARKING
    • PRYSMIAN
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NEXANS
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL CABLE CORPORATION
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NKT
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUMITOMO ELECTRIC
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FURUKAWA ELECTRIC
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • ZTT
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • KEI INDUSTRIES
      • OVERVIEW
      • PRODUCT OFFERINGS
    • LS CABLE & SYSTEM
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • TELE-FONIKA KABLE
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • HYDRO GROUP
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • HENGTONG GROUP
      • OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • LIST OF ADDITIONAL KEY PLAYERS
      • CABLEL HELLENIC CABLES GROUP
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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