Global Submarine Power Cable Market 2020-2024

Global Submarine Power Cable Market 2020-2024

The author has been monitoring the submarine power cable market and it is poised to grow by $ 1.08 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. The reports on submarine power cable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing offshore renewable energy installations, increasing inter-country and island connections, and rising global energy demand. In addition, growing offshore renewable energy installations is anticipated to boost the growth of the market as well.

The submarine power cable market analysis includes end-user segment and geographic landscapes

The submarine power cable market is segmented as below:

By End-user

• Offshore wind
• Island connection and inter-country
• Offshore oil
• Others

By Geographic Landscapes

• Europe
• APAC
• North America
• MEA
• South America

This study identifies the increase in sales of HVDC power cables as one of the prime reasons driving the submarine power cable market growth during the next few years. Also, growing wind power generation capacity and technological developments will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The submarine power cable market covers the following areas:

• Submarine power cable market sizing
• Submarine power cable market forecast
• Submarine power cable market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submarine power cable market vendors that include ABB Ltd., Anixter International Inc., Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, and Sumitomo Electric Industries Ltd.. Also, the submarine power cable market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.