Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Submarine Power Cable Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Submarine
Power Cable Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and world Submarine Power Cable Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Submarine
Power Cable Market is offered. In
accordance with the report, the Submarine Power Cable Market is projected to expand at a CAGR of 16.7% over the period of forecast.
Market
Insight, Drivers, Restraints & Opportunity of the Market:
As the demand for the power continues to rise and the
industry is moving steadily towards more sustainable and renewable energy
sources, Transmission System Operators are more and more engaged in emerging,
extending and elevating their power grids. This actually involves transmission
of power through interconnectors that stretch across the land and under the
seas, in between countries and the continents. First submarine cable that was
used to carry the electricity was positioned across Isar River in the Bavaria
in the year 1811. Submarine power cables have advanced considerably since then,
through improvements in the technology and the design, ever growing in terms of
capacity and length. Importance of the submarine power cables has augmented
steadily in the recent decades. Advent of the offshore renewable energy needs
export cables from wind, wave and the tidal installation is required to bring
renewable energy ashore. With the growing dependence on the offshore-built
renewable energy scheme, several countries nowadays class the submarine power
cables as the critical infrastructure. Continuously growing demand for
interconnecting diversified regional electrical transmission network for the
purpose of allowing global energy trades is acting as a key growth driver for
the submarine power cable market. Major advantages and growth drivers of
submarine power cable includes that it is a major source of the renewable
energy. With submarine power cables using the energy from the wind turbines or
the ocean power, they are largely reducing the human dependency on the fossil
fuel and helping them to make a shift towards much cleaner energy. These
submarine power cables allow for a method to get the power to all these areas
without much interference to land area and as a safe way to get this renewable
power around different parts of the globe. Submarine power cables are being
designed to be robust; though faults can momentarily affect the supply.
Geographically, Submarine
Power Cable Market is segmented
into North America, Europe, Asia Pacific, Middle East, Africa and South America.
The European market is anticipated to be the major contributor in the global
submarine power cable market by 2026. Market size in Europe can be accredited
to the growing offshore wind energy industry, of which the submarine power
cable is a major component. The UK and Germany are the key countries for the
submarine power cables in the European region. Continuously growing demand for
the inter-country connection tied with demand from the offshore oil and gas
business is estimated to drive the market demand in Europe.
Segment
Covered:
This market intelligence report on the submarine power
cable market can be segmented on the basis of voltage type, type, conducting
material and application. Voltage type can be further bifurcated into three
categories those are medium voltage (up to 72.5 kV), high voltage (up to 150
kV) and the extra high voltage (up to 220 kV).In terms of conducting material
the market can be segmented into two categories those are copper and aluminum.
By type the market has been segmented into two categories those are single mode
and multimode cables. Single core segment is anticipated to grow at the fastest
pace during forecast period as it is easier and economical in terms of deployment.
Major applications are offshore wind farms, oil and gas industry, static tidal,
island connections and the wave power applications along with lake and the
river crossings.
Profiling
of Market Players:
This business intelligence report offers profiling of
reputed companies that are operating in the market. Companies such as Nexans, Prysmian , General Cable , NKT, ZTT, LS Cable & System
and Sumitomo. Contracts for design, installation, supply & agreements was
the commonly implemented strategy by the major players in the submarine power
cable market in between 2015 to 2018 . Moreover,
parameters such as submarine power cable market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report
Highlights:
In-depth analysis of the micro and macro indicators,
market trends, and forecasts of demand is offered by this business intelligence
report. Furthermore, the report offers a vivid picture of the factors that are steering
and restraining the growth of this market across all geographical segments. In
addition to that, IGR-Growth Matrix analysis is also provided in the report so
as to share insight of the investment areas that new or existing market players
can take into consideration. Various analytical tools such as DRO analysis,
Porter's five forces analysis has been used in this report to present a clear
picture of the market. The study focuses on the present market trends and
provides market forecast from the year 2017-2027. Emerging trends that would
shape the market demand in the years to come have been highlighted in this
report. A competitive analysis in each of the geographical segments gives an
insight into market share of the global players.
Salient
Features:
Ø This study offers comprehensive yet detailed analysis of
the Submarine Power Cable Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø It explains upcoming revenue opportunities across various
market segments and attractive matrix of investment proposition for the said
market
Ø This market intelligence report also offers pivotal insights
about various market opportunities, restraints, drivers, launch of new
products, competitive market strategies of leading market players, emerging market
trends, and regional outlook
Ø Profiling of key market players in the world Submarine
Power Cable Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø Leading market players covered this report comprise names
such as Nexans , Prysmian , General Cable , NKT, ZTT,
LS Cable & System and Sumitomo among others
Ø The data of this report would allow management
authorities and marketers of companies alike to take informed decision when it
comes to launch of products, government initiatives, marketing tactics and
expansion, and technical up gradation
Ø The world market for Submarine
Power Cable Market caters to the
needs of various stakeholders pertaining to this industry, namely suppliers,
product manufacturers, investors, and distributors for Submarine
Power Cable Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø Research methodologies that have been adopted for the
purpose of this study have been clearly elaborated so as to facilitate better
understanding of the reports
Ø Reports have been made based on the guidelines as
mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken
into consideration before coming to a conclusion
Reasons
to buy:
v Identify opportunities and plan strategies by having a
strong understanding of the investment opportunities in the Submarine
Power Cable Market
v
Identification
of key factors driving investment opportunities in the Submarine
Power Cable Market Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects