Submarine Power Cable Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026

The report on the global submarine power cable market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global submarine power cable market to grow with a CAGR of 14.2% over the forecast period from 2020-2026. The study on submarine power cable market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.



The report on submarine power cable market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global submarine power cable market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global submarine power cable market over the period of 2018 to 2026. Further, the Publisher's Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Increasing number of offshore wind farms drives the market growth
• Increasing demand for inter-country & island power connections boosts the market growth

2) Restraints

• High cost of installation and complexity in the repair of deepwater cables may restrain the market growth

3) Opportunities

• Increasing demand for high voltage direct current (HVDC) submarine power cables provide growth opportunities

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with the publisher
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically includes:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global submarine power cable market is segmented on the basis of type, voltage, conductor material, and end-user.

The Global Submarine Power Cable Market by Type

• Single Core
• Multicore

The Global Submarine Power Cable Market by Voltage

• Medium Voltage
• High Voltage

The Global Submarine Power Cable Market by Conductor Material

• Copper
• Aluminum

The Global Submarine Power Cable Market by End-User

• Offshore Wind Power Generation
• Inter-Country And Island Connection
• Offshore Oil & Gas

Company Profiles

The companies covered in the report include

• Prysmian
• Nexans
• NKT
• General Cable
• Furukawa Electric
• Sumitomo Electric
• KEI Industries
• LS Cable & System
• ZTT
• TFKable Group

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the submarine power cable market.
2. Complete coverage of all the segments in the submarine power cable market to analyze the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global submarine power cable market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. The Publisher's Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.