Submarine Power Cable - Global Strategic Business Report

Global Submarine Power Cable Market to Reach $71.5 Billion by 2030

The global market for Submarine Power Cable estimated at US$24.3 Billion in the year 2022, is projected to reach a revised size of US$71.5 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2022-2030. Single Core, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$53.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Multi Core segment is readjusted to a revised 11.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 13.7% CAGR

The Submarine Power Cable market in the U.S. is estimated at US$7.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.3 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.2% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Select Competitors (Total 37 Featured) -

• ABB
• AEI Cables
• Furukawa Electric
• General Cable Technologies
• Hengtong Marine Cable Systems
• Hydro Group, NKT Group
• JDR Cables
• LS Cable & System
• Nexans
• Prysmian Group
• Sumitomo Electric Industries
• TE Subcom

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year