Submarine Power Cable Market by Core Type (Single-core, Multi-core), Voltage (Medium, High), Conductor Material (Copper, Aluminium), End Use (Offshore Wind, Inter-Country & Island Connection, Offshore Oil & Gas), Type and Region - Global Forecast to 2028
The Submarine Power Cable market is estimated to grow from USD 12.9 Billion in 2023 to USD 22.3 Billion by 2028; it is expected to record a CAGR of 11.5% during the forecast period. The submarine power cable market is witnessing rapid growth owing to the increasing offshore wind energy installations and the number of projects related to inter-country and island connections.
“Single-core: The largest segment of the Submarine Power Cable market, by core type”
Based on core type, the Submarine power cable market has been split into two types: single core, and multicore. Single-core submarine power cables are specialized electrical cables designed for the transmission of electrical power underwater. During cable installation, single-core cables are generally easier to handle and maneuver compared to multi-core cables. This can lead to cost savings and reduced installation time.
“Inter-country and island connection is expected to emerge as the second largest segment based on end use”
Based on end use, the submarine power cable market has been segmented into upto offshore wind power generation, inter-country and island connection, and offshore oil & gas. Interconnecting countries and islands through power cables or grids helps enhance energy security and reliability. If one region experiences a power shortage or outage, interconnected grids can supply power from neighboring areas, reducing the risk of blackouts and ensuring a stable energy supply. The expanding interconnection capacities in various countries due to ongoing and prospective investments in the projects is driving this growth.
“Asia Pacific is expected to emerge as the second-largest region based on Submarine Power Cables market”
By region, the Submarine Power Cable market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific is expected to be the second-largest segment in the market. In this region, According to the Global Wind Energy Council (GWEC), the Asia-Pacific region is expected to lead offshore wind growth this decade. China is targeting 1,200 GW of wind energy capacity by 2030, while the Asia-Pacific region as a whole has offshore wind project pipelines totaling 250GW. This ongoing industry activity is one of the trend which is expected to attract fresh investments in the offshore winf power generation sector, subsequently driving demand for submarine power cables in the region.
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, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 25%, and South America- 8% , the Middle East & Africa- 12%,
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Submarine power cable market is dominated by a few major players that have a wide regional presence. The leading players in the Submarine power cable market are Prysmian S.p.A (Italy), Sumitomo electric industries (Japan), LS Cable & System Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France).
Research Coverage:
The report defines, describes, and forecasts the Submarine Power Cables market, by system type, power rating, grid connectivity, end user, 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. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Submarine Power Cables market.
Key Benefits of Buying the Report
“Single-core: The largest segment of the Submarine Power Cable market, by core type”
Based on core type, the Submarine power cable market has been split into two types: single core, and multicore. Single-core submarine power cables are specialized electrical cables designed for the transmission of electrical power underwater. During cable installation, single-core cables are generally easier to handle and maneuver compared to multi-core cables. This can lead to cost savings and reduced installation time.
“Inter-country and island connection is expected to emerge as the second largest segment based on end use”
Based on end use, the submarine power cable market has been segmented into upto offshore wind power generation, inter-country and island connection, and offshore oil & gas. Interconnecting countries and islands through power cables or grids helps enhance energy security and reliability. If one region experiences a power shortage or outage, interconnected grids can supply power from neighboring areas, reducing the risk of blackouts and ensuring a stable energy supply. The expanding interconnection capacities in various countries due to ongoing and prospective investments in the projects is driving this growth.
“Asia Pacific is expected to emerge as the second-largest region based on Submarine Power Cables market”
By region, the Submarine Power Cable market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific is expected to be the second-largest segment in the market. In this region, According to the Global Wind Energy Council (GWEC), the Asia-Pacific region is expected to lead offshore wind growth this decade. China is targeting 1,200 GW of wind energy capacity by 2030, while the Asia-Pacific region as a whole has offshore wind project pipelines totaling 250GW. This ongoing industry activity is one of the trend which is expected to attract fresh investments in the offshore winf power generation sector, subsequently driving demand for submarine power cables in the region.
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, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 25%, and South America- 8% , the Middle East & Africa- 12%,
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Submarine power cable market is dominated by a few major players that have a wide regional presence. The leading players in the Submarine power cable market are Prysmian S.p.A (Italy), Sumitomo electric industries (Japan), LS Cable & System Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France).
Research Coverage:
The report defines, describes, and forecasts the Submarine Power Cables market, by system type, power rating, grid connectivity, end user, 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. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Submarine Power Cables market.
Key Benefits of Buying the Report
- Growth of Offshore Wind Farms, and Rise in the growth of Offshore Oil & Gas Operations drive the demand. Factors such as Complexities due to involvement of multi-country government bodies leading to Delays, and High Cost of Installation and Repair of Submarine Cables hinder market growth. Increasing adoption of HVDC submarine power cables offer lucrative opportunities in this market. Requirement of Technical Expertise for Development and installation, Damages caused to cables by human interventions, Supply Chain Disruptions to Pose a Significant Challenge are major challenges faced by countries in this market.
- Product Development/ Innovation: New subsea cable technologies are being developed to meet the increasing demand for reliable and efficient energy transmission over long distances underwater. Developments on technologies such as High-Performance Thermoplastic Elastomer (HPTE) insulation are being carried out by companies for increasing demand for reliable and efficient energy transmission across long distances underwater.
- Market Development: The global scenario of submarine power cable is evolving rapidly, with trends towards growth in the offshore wind energy capacities, and growing inter-country connection projects in countries is driving the market.
- Market Diversification: Prysmian Group introduced two new 525 kV extruded land cable systems, one with P-Laser insulation, and the other with XLPE insulation, following a year of qualification testing adhering to international standards These cable systems are designed at higher voltage levels and feature large conductor cross-sections, offering efficient technical solutions for long-distance, high-power transmission while minimizing land usage.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Prysmian S.p.A (Italy), Sumitomo electric industries (Japan), LS Cable & System Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France) among others in the Submarine Power Cable market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.2.1.1 Submarine power cable market, by core type
1.2.1.2 Submarine power cable market, by type
1.2.1.3 Submarine power cable market, by voltage
1.2.1.4 Submarine power cable market, by conductor material
1.2.1.5 Submarine power cable market, by end use
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 1 SUBMARINE POWER CABLE MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SUBMARINE POWER CABLE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
2.4.3.1 Regional analysis
2.4.3.2 Country-level analysis
2.4.3.3 Assumptions for demand-side analysis
2.4.3.4 Calculations for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SUBMARINE POWER CABLE
FIGURE 7 SUBMARINE POWER CABLE MARKET: SUPPLY-SIDE ANALYSIS
2.4.4.1 Calculations for supply-side analysis
2.4.4.2 Assumptions for supply-side analysis
FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
2.4.5 GROWTH FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 1 SNAPSHOT OF SUBMARINE POWER CABLE MARKET
FIGURE 9 SINGLE-CORE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 10 DC SEGMENT TO DISPLAY HIGHER CAGR, BY TYPE, DURING FORECAST PERIOD
FIGURE 11 COPPER SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
FIGURE 12 HIGH VOLTAGE SEGMENT TO EXHIBIT GREATER CAGR DURING FORECAST PERIOD
FIGURE 13 OFFSHORE WIND POWER GENERATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 14 EUROPE ACCOUNTED FOR LARGEST SHARE IN GLOBAL SUBMARINE POWER MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUBMARINE POWER CABLE MARKET
FIGURE 15 GROWING ADOPTION OF OFFSHORE SOLUTIONS AND GOVERNMENT MANDATES TO FAVOR MARKET GROWTH
4.2 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END USE AND COUNTRY
FIGURE 16 INDUSTRIAL SEGMENT AND CHINA HELD LARGEST SHARES IN 2022
4.3 SUBMARINE POWER CABLE MARKET, BY CORE TYPE
FIGURE 17 SINGLE CORE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.4 SUBMARINE POWER CABLE MARKET, BY TYPE
FIGURE 18 DC SEGMENT TO DOMINATE MARKET IN 2028
4.5 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
FIGURE 19 ALUMINUM SEGMENT TO CLAIM LARGER MARKET SHARE IN 2028
4.6 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
FIGURE 20 HIGH VOLTAGE SEGMENT TO DOMINATE MARKET IN 2028
4.7 SUBMARINE POWER CABLE MARKET, BY END USE
FIGURE 21 OFFSHORE WIND POWER GENERATION SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 SUBMARINE POWER CABLE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing installation of offshore wind turbines
FIGURE 23 GLOBAL OFFSHORE INSTALLATIONS, 2012–2021
5.2.1.2 Discoveries of reserves and growing offshore production in developing economies
TABLE 2 COUNTRY-WISE MAJOR OFFSHORE PROJECTS AND CONTRACTS
5.2.2 RESTRAINTS
5.2.2.1 Complex regulatory and environmental authorization procedures
5.2.2.2 High cost of installation and repairing submarine cables
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing adoption of HVDC submarine power cables
TABLE 3 REGION-WISE DATA FOR HVDC SUBMARINE CABLE PROJECTS, 2021–2024
5.2.4 CHALLENGES
5.2.4.1 Requirement of technical expertise for developing and installing submarine power cables
5.2.4.2 Damage caused to cables by human interventions
FIGURE 24 FACTORS CAUSING SUBMARINE POWER CABLE FAULTS
5.2.4.3 Price variations of copper and aluminum
FIGURE 25 GLOBAL NOMINAL PRICES FOR ALUMINUM AND COPPER, 2020-2023
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SUBMARINE POWER CABLE MARKET
5.4 TECHNOLOGY ANALYSIS
5.4.1 TECHNOLOGY TRENDS OF SUBMARINE POWER CABLES
5.5 CASE STUDY ANALYSIS
5.5.1 AUSTRALIA–SINGAPORE INTERCONNECTOR PROJECT FOSTERS REGIONAL ENERGY COOPERATION BY INVESTING IN HVDC TECHNOLOGY
5.5.2 TRATOS COLLABORATES WITH ENEL TO DEVELOP SPECIALIZED CABLES WITH ADVANCED INSULATION MATERIALS
5.6 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 4 SUBMARINE POWER CABLE MARKET: LIST OF CONFERENCES AND EVENTS
5.7 ECOSYSTEM ANALYSIS
TABLE 5 COMPANIES AND THEIR ROLE IN SUBMARINE POWER CABLE ECOSYSTEM
FIGURE 27 SUBMARINE POWER CABLE MARKET: ECOSYSTEM ANALYSIS
5.8 VALUE CHAIN ANALYSIS
FIGURE 28 SUBMARINE POWER CABLE MARKET: VALUE CHAIN ANALYSIS
5.9 PRICING ANALYSIS
FIGURE 29 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY TYPE
TABLE 6 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY TYPE
TABLE 7 AVERAGE SELLING PRICE ANALYSIS OF SUBMARINE POWER CABLE, BY REGION
FIGURE 30 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY REGION, 2021–2028
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 TARIFF RELATED TO SUBMARINE POWER CABLE UNITS
TABLE 8 AVERAGE TARIFF DATA OF SUBMARINE CABLES, BY COUNTRY
5.10.2 REGULATORY LANDSCAPE
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.3 STANDARDS
TABLE 13 NORTH AMERICA: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
TABLE 14 SOUTH AMERICA: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
TABLE 15 GLOBAL: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
5.11 PATENT ANALYSIS
TABLE 16 SUBMARINE POWER CABLE MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2023
5.12 TRADE ANALYSIS
FIGURE 31 IMPORT AND EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE: 8544, 2018–2022
TABLE 17 TRADE DATA FOR PRODUCTS UNDER HS CODE: 8544, 2018–2022 (USD THOUSAND)
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 18 SUBMARINE POWER CABLE MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 SUBMARINE POWER CABLE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USES
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE BY END USES
5.14.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE END USES
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE END USES
6 SUBMARINE POWER CABLE MARKET, BY CORE TYPE
6.1 INTRODUCTION
FIGURE 35 SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2022
TABLE 21 SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
6.2 SINGLE-CORE
6.2.1 EASY INSTALLATION AND HANDLING TO DRIVE DEMAND
TABLE 22 SINGLE-CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 MULTI-CORE
6.3.1 EASY TRANSMISSION OF HIGH LEVELS OF POWER TO BOOST MARKET GROWTH
TABLE 23 MULTI-CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
7 SUBMARINE POWER CABLE MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 36 SUBMARINE POWER CABLE MARKET, BY TYPE, 2022
TABLE 24 SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
7.2 AC
7.2.1 COST-EFFECTIVENESS FOR SHORT DISTANCE AND EASY MAINTENANCE TO DRIVE MARKET GROWTH
TABLE 25 AC: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 DC
7.3.1 ABILITY TO FACILITATE SUBSEA POWER DISTRIBUTION FOR MARINE RESEARCH AND EXPLORATION TO SPUR DEMAND
TABLE 26 DC: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
8 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 37 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2022
TABLE 27 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
8.2 MEDIUM-VOLTAGE
8.2.1 SUITABILITY FOR SHORT-DISTANCE POWER TRANSMISSION TO DRIVE MARKET
TABLE 28 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 HIGH-VOLTAGE
8.3.1 RISING NUMBER OF OFFSHORE WIND POWER INSTALLATIONS TO FOSTER SEGMENTAL GROWTH
TABLE 29 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
9 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
9.1 INTRODUCTION
FIGURE 38 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2022
TABLE 30 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
9.2 COPPER
9.2.1 ROBUST TENSILE STRENGTH AND THERMAL CONDUCTIVITY TO FOSTER SEGMENTAL GROWTH
TABLE 31 CHARACTERISTICS OF COPPER AND ALUMINUM
TABLE 32 COPPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 ALUMINUM
9.3.1 SAFE HANDLING FOR LONG CABLE LENGTHS TO DRIVE DEMAND
TABLE 33 ALUMINUM: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10 SUBMARINE POWER CABLE MARKET, BY END USE
10.1 INTRODUCTION
FIGURE 39 SUBMARINE POWER CABLE MARKET, BY END USE, 2022
TABLE 34 SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
10.2 OFFSHORE WIND POWER GENERATION
10.2.1 DEPLOYMENT OF HVDC CABLING TO TRANSMIT POWER ACROSS REMOTE OFFSHORE INSTALLATIONS TO BOOST SEGMENTAL GROWTH
TABLE 35 COUNTRY-WISE DATA ON OFFSHORE WIND PROJECTS, 2022–2027
TABLE 36 OFFSHORE WIND POWER GENERATION: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10.3 INTER-COUNTRY & ISLAND CONNECTION
10.3.1 PROMOTION OF UNIFIED ELECTRICITY MARKET TO DRIVE MARKET
TABLE 37 REGION-WISE DATA ON SUBMARINE INTERCONNECTION PROJECTS, 2021–2027
TABLE 38 INTER-COUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10.4 OFFSHORE OIL & GAS
10.4.1 INCREASING SUBSEA OPERATIONS AND DEEPWATER DRILLING TO FUEL MARKET GROWTH
TABLE 39 OFFSHORE OIL & GAS: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
11 SUBMARINE POWER CABLE MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 40 NORTH AMERICA TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 41 EUROPE DOMINATED GLOBAL SUBMARINE POWER CABLE MARKET IN 2022
TABLE 40 SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 41 SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (KILOMETERS)
11.2 EUROPE
TABLE 42 EUROPE OFFSHORE WIND SITES WITH GRID-CONNECTED TURBINES, 2022
FIGURE 42 EUROPE: SUBMARINE POWER CABLE MARKET SNAPSHOT
11.2.1 RECESSION IMPACT: EUROPE
TABLE 43 EUROPE: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 44 EUROPE: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 45 EUROPE: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 46 EUROPE: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 47 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.2.2 UK
11.2.2.1 Strong focus to achieve ‘Net Zero Target’ to fuel market
TABLE 48 UK: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.3 GERMANY
11.2.3.1 Legislations favoring development of renewable energy sector to fuel market growth
TABLE 49 GERMANY: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.4 DENMARK
11.2.4.1 Rising investments to develop offshore wind energy projects to favor market growth
TABLE 50 DENMARK: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.5 NETHERLANDS
11.2.5.1 Promising investment opportunities for players in offshore wind sector to foster market growth
TABLE 51 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.6 NORWAY
11.2.6.1 Key players making significant investments in offshore oil and gas industry to drive market
TABLE 52 NORWAY: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.7 FRANCE
11.2.7.1 Growing emphasis on developing energy sector to drive market growth
TABLE 53 FRANCE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.8 REST OF EUROPE
TABLE 54 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3 ASIA PACIFIC
FIGURE 43 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SNAPSHOT
11.3.1 RECESSION IMPACT: ASIA PACIFIC
TABLE 55 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 56 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 57 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 58 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 59 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION
11.3.2 CHINA
11.3.2.1 Increased focus on achieving carbon neutrality to drive market
TABLE 60 CHINA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.3 JAPAN
11.3.3.1 Rising government-led initiatives to protect undersea cables to drive market
TABLE 61 JAPAN: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.4 SOUTH KOREA
11.3.4.1 Ongoing developments in offshore wind sector to fuel market growth
TABLE 62 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.5 MALAYSIA
11.3.5.1 Rise in offshore oil & gas explorations to drive market
TABLE 63 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.6 INDONESIA
11.3.6.1 Development of new offshore projects to foster market growth
TABLE 64 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.7 VIETNAM
11.3.7.1 Subsequent increase in offshore wind energy capacity to boost market growth
TABLE 65 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.8 REST OF ASIA PACIFIC
TABLE 66 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT: NORTH AMERICA
TABLE 67 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 69 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 71 NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY END USE, 2021–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.4.2 US
11.4.2.1 Implementation of comprehensive strategies by Department of Energy to boost market
TABLE 73 US: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4.3 CANADA
11.4.3.1 Government-led initiatives to promote and support clean economy with renewable energy technologies to fuel market growth
TABLE 74 CANADA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4.4 MEXICO
11.4.4.1 Large and diverse renewable energy resource base to offer lucrative opportunities to players
TABLE 75 MEXICO: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT: MIDDLE EAST & AFRICA
TABLE 76 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 77 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 78 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 79 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 80 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
TABLE 81 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD BILLION)
11.5.2 SAUDI ARABIA
11.5.2.1 Significant presence of productive onshore oilfields to drive market
TABLE 82 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.3 UAE
11.5.3.1 Implementation of Enhanced Oil Recovery (EOR) technique in oil fields to surge demand
TABLE 83 UAE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.4 ANGOLA
11.5.4.1 Rising focus on exploring and producing offshore crude oil and natural gas to fuel market growth
TABLE 84 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 85 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT: SOUTH AMERICA
TABLE 86 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 87 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 88 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 89 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 90 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY END USE, 2021–2028 (USD MILLION)
TABLE 91 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.6.2 BRAZIL
11.6.2.1 Growing offshore exploration and oil production activities to drive market
TABLE 92 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6.3 ARGENTINA
11.6.3.1 Rising government investments for offshore gas production venture to drive market
TABLE 93 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6.4 REST OF SOUTH AMERICA
TABLE 94 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 95 SUBMARINE POWER CABLE MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
12.3 MARKET SHARE ANALYSIS, 2022
FIGURE 44 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2022
TABLE 96 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2022
FIGURE 45 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
12.4 REVENUE ANALYSIS, 2018–2022
FIGURE 46 SUBMARINE POWER CABLE MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
12.5 EVALUATION MATRIX OF KEY COMPANIES, 2022
12.5.1 STARS
12.5.2 PERVASIVE PLAYERS
12.5.3 EMERGING LEADERS
12.5.4 PARTICIPANTS
FIGURE 47 SUBMARINE POWER CABLE MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
12.6 SUBMARINE POWER CABLE MARKET: COMPANY FOOTPRINT
TABLE 97 COMPANY FOOTPRINT
TABLE 98 TYPE: COMPANY FOOTPRINT
TABLE 99 END USE: COMPANY FOOTPRINT
TABLE 100 REGION: COMPANY FOOTPRINT
12.7 COMPETITIVE SCENARIOS AND TRENDS
12.7.1 PRODUCT LAUNCHES
TABLE 101 SUBMARINE POWER CABLE MARKET: PRODUCT LAUNCHES, 2021–2023
12.7.2 DEALS
TABLE 102 SUBMARINE POWER CABLE MARKET: DEALS, 2021–2023
12.7.3 OTHERS
TABLE 103 SUBMARINE POWER CABLE MARKET: OTHERS, 2021–2023
13 COMPANY PROFILES
13.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
13.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 104 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 48 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 105 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 106 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 107 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
13.1.2 PRYSMIAN SPA
TABLE 108 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 49 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 109 PRYSMIAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 110 PRYSMIAN GROUP: PRODUCT LAUNCHES
TABLE 111 PRYSMIAN GROUP: DEALS
TABLE 112 PRYSMIAN GROUP: OTHERS
13.1.3 NEXANS
TABLE 113 NEXANS: COMPANY OVERVIEW
FIGURE 50 NEXANS: COMPANY SNAPSHOT
TABLE 114 NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 NEXANS: DEALS
TABLE 116 NEXANS: OTHERS
13.1.4 NKT A/S
TABLE 117 NKT A/S: COMPANY OVERVIEW
FIGURE 51 NKT A/S: COMPANY SNAPSHOT
TABLE 118 NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 119 NKT A/S: PRODUCT LAUNCHES
TABLE 120 NKT A/S: DEALS
TABLE 121 NKT A/S: OTHERS
13.1.5 LS CABLE & SYSTEM LTD.
TABLE 122 LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW
FIGURE 52 LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT
TABLE 123 LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 LS CABLE & SYSTEM LTD.: OTHERS
13.1.6 FURUKAWA ELECTRIC CO., LTD.
TABLE 125 FURUKAWA ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 53 FURUKAWA ELECTRIC CO., LTD.: COMPANY SNAPSHOT
TABLE 126 FURUKAWA ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 FURUKAWA ELECTRIC CO., LTD.: OTHERS
13.1.7 ZTT
TABLE 128 ZTT: COMPANY OVERVIEW
FIGURE 54 ZTT: COMPANY SNAPSHOT
TABLE 129 ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 130 ZTT: OTHERS
13.1.8 KEI INDUSTRIES LIMITED
TABLE 131 KEI INDUSTRIES LIMITED: COMPANY OVERVIEW
FIGURE 55 KEI INDUSTRIES LIMITED: COMPANY SNAPSHOT
TABLE 132 KEI INDUSTRIES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 133 KEI INDUSTRIES LIMITED: DEALS
13.1.9 TFKABLE
TABLE 134 TFKABLE: COMPANY OVERVIEW
TABLE 135 TFKABLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.10 TAIHAN CABLE & SOLUTION CO., LTD.
TABLE 136 TAIHAN CABLE & SOLUTION CO., LTD.: COMPANY OVERVIEW
FIGURE 56 TAIHAN CABLE & SOLUTION CO., LTD.: COMPANY SNAPSHOT
TABLE 137 TAIHAN CABLE & SOLUTION CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 TAIHAN CABLE & SOLUTION CO., LTD.: OTHERS
13.1.11 HENGTONG GROUP CO., LTD.
TABLE 139 HENGTONG GROUP CO., LTD: COMPANY OVERVIEW
TABLE 140 HENGTONG GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 HENGTONG GROUP CO., LTD: OTHERS
13.1.12 TRATOS
TABLE 142 TRATOS: COMPANY OVERVIEW
TABLE 143 TRATOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 TRATOS: OTHERS
13.1.13 HYDRO GROUP
TABLE 145 HYDRO GROUP: COMPANY OVERVIEW
TABLE 146 HYDRO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.14 THE OKONITE COMPANY
TABLE 147 THE OKONITE COMPANY: COMPANY OVERVIEW
TABLE 148 THE OKONITE COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HELLENIC CABLES
TABLE 149 HELLENIC CABLES: COMPANY OVERVIEW
TABLE 150 HELLENIC CABLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 HELLENIC CABLES: OTHERS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 BHUWAL INSULATION CABLE PVT. LTD
13.2.2 APAR INDUSTRIES
13.2.3 JDR CABLE SYSTEMS LTD.
13.2.4 SSGCABLE
13.2.5 1X TECHNOLOGIES LLC
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.2.1.1 Submarine power cable market, by core type
1.2.1.2 Submarine power cable market, by type
1.2.1.3 Submarine power cable market, by voltage
1.2.1.4 Submarine power cable market, by conductor material
1.2.1.5 Submarine power cable market, by end use
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 1 SUBMARINE POWER CABLE MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SUBMARINE POWER CABLE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
2.4.3.1 Regional analysis
2.4.3.2 Country-level analysis
2.4.3.3 Assumptions for demand-side analysis
2.4.3.4 Calculations for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SUBMARINE POWER CABLE
FIGURE 7 SUBMARINE POWER CABLE MARKET: SUPPLY-SIDE ANALYSIS
2.4.4.1 Calculations for supply-side analysis
2.4.4.2 Assumptions for supply-side analysis
FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
2.4.5 GROWTH FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 1 SNAPSHOT OF SUBMARINE POWER CABLE MARKET
FIGURE 9 SINGLE-CORE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 10 DC SEGMENT TO DISPLAY HIGHER CAGR, BY TYPE, DURING FORECAST PERIOD
FIGURE 11 COPPER SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
FIGURE 12 HIGH VOLTAGE SEGMENT TO EXHIBIT GREATER CAGR DURING FORECAST PERIOD
FIGURE 13 OFFSHORE WIND POWER GENERATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 14 EUROPE ACCOUNTED FOR LARGEST SHARE IN GLOBAL SUBMARINE POWER MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUBMARINE POWER CABLE MARKET
FIGURE 15 GROWING ADOPTION OF OFFSHORE SOLUTIONS AND GOVERNMENT MANDATES TO FAVOR MARKET GROWTH
4.2 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END USE AND COUNTRY
FIGURE 16 INDUSTRIAL SEGMENT AND CHINA HELD LARGEST SHARES IN 2022
4.3 SUBMARINE POWER CABLE MARKET, BY CORE TYPE
FIGURE 17 SINGLE CORE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.4 SUBMARINE POWER CABLE MARKET, BY TYPE
FIGURE 18 DC SEGMENT TO DOMINATE MARKET IN 2028
4.5 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
FIGURE 19 ALUMINUM SEGMENT TO CLAIM LARGER MARKET SHARE IN 2028
4.6 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
FIGURE 20 HIGH VOLTAGE SEGMENT TO DOMINATE MARKET IN 2028
4.7 SUBMARINE POWER CABLE MARKET, BY END USE
FIGURE 21 OFFSHORE WIND POWER GENERATION SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 SUBMARINE POWER CABLE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing installation of offshore wind turbines
FIGURE 23 GLOBAL OFFSHORE INSTALLATIONS, 2012–2021
5.2.1.2 Discoveries of reserves and growing offshore production in developing economies
TABLE 2 COUNTRY-WISE MAJOR OFFSHORE PROJECTS AND CONTRACTS
5.2.2 RESTRAINTS
5.2.2.1 Complex regulatory and environmental authorization procedures
5.2.2.2 High cost of installation and repairing submarine cables
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing adoption of HVDC submarine power cables
TABLE 3 REGION-WISE DATA FOR HVDC SUBMARINE CABLE PROJECTS, 2021–2024
5.2.4 CHALLENGES
5.2.4.1 Requirement of technical expertise for developing and installing submarine power cables
5.2.4.2 Damage caused to cables by human interventions
FIGURE 24 FACTORS CAUSING SUBMARINE POWER CABLE FAULTS
5.2.4.3 Price variations of copper and aluminum
FIGURE 25 GLOBAL NOMINAL PRICES FOR ALUMINUM AND COPPER, 2020-2023
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SUBMARINE POWER CABLE MARKET
5.4 TECHNOLOGY ANALYSIS
5.4.1 TECHNOLOGY TRENDS OF SUBMARINE POWER CABLES
5.5 CASE STUDY ANALYSIS
5.5.1 AUSTRALIA–SINGAPORE INTERCONNECTOR PROJECT FOSTERS REGIONAL ENERGY COOPERATION BY INVESTING IN HVDC TECHNOLOGY
5.5.2 TRATOS COLLABORATES WITH ENEL TO DEVELOP SPECIALIZED CABLES WITH ADVANCED INSULATION MATERIALS
5.6 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 4 SUBMARINE POWER CABLE MARKET: LIST OF CONFERENCES AND EVENTS
5.7 ECOSYSTEM ANALYSIS
TABLE 5 COMPANIES AND THEIR ROLE IN SUBMARINE POWER CABLE ECOSYSTEM
FIGURE 27 SUBMARINE POWER CABLE MARKET: ECOSYSTEM ANALYSIS
5.8 VALUE CHAIN ANALYSIS
FIGURE 28 SUBMARINE POWER CABLE MARKET: VALUE CHAIN ANALYSIS
5.9 PRICING ANALYSIS
FIGURE 29 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY TYPE
TABLE 6 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY TYPE
TABLE 7 AVERAGE SELLING PRICE ANALYSIS OF SUBMARINE POWER CABLE, BY REGION
FIGURE 30 AVERAGE SELLING PRICE OF SUBMARINE POWER CABLE, BY REGION, 2021–2028
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 TARIFF RELATED TO SUBMARINE POWER CABLE UNITS
TABLE 8 AVERAGE TARIFF DATA OF SUBMARINE CABLES, BY COUNTRY
5.10.2 REGULATORY LANDSCAPE
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.3 STANDARDS
TABLE 13 NORTH AMERICA: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
TABLE 14 SOUTH AMERICA: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
TABLE 15 GLOBAL: STANDARDS/REGULATIONS RELATED TO SUBMARINE POWER CABLE MARKET
5.11 PATENT ANALYSIS
TABLE 16 SUBMARINE POWER CABLE MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2023
5.12 TRADE ANALYSIS
FIGURE 31 IMPORT AND EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE: 8544, 2018–2022
TABLE 17 TRADE DATA FOR PRODUCTS UNDER HS CODE: 8544, 2018–2022 (USD THOUSAND)
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 18 SUBMARINE POWER CABLE MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 SUBMARINE POWER CABLE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USES
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE BY END USES
5.14.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE END USES
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE END USES
6 SUBMARINE POWER CABLE MARKET, BY CORE TYPE
6.1 INTRODUCTION
FIGURE 35 SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2022
TABLE 21 SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
6.2 SINGLE-CORE
6.2.1 EASY INSTALLATION AND HANDLING TO DRIVE DEMAND
TABLE 22 SINGLE-CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 MULTI-CORE
6.3.1 EASY TRANSMISSION OF HIGH LEVELS OF POWER TO BOOST MARKET GROWTH
TABLE 23 MULTI-CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
7 SUBMARINE POWER CABLE MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 36 SUBMARINE POWER CABLE MARKET, BY TYPE, 2022
TABLE 24 SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
7.2 AC
7.2.1 COST-EFFECTIVENESS FOR SHORT DISTANCE AND EASY MAINTENANCE TO DRIVE MARKET GROWTH
TABLE 25 AC: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 DC
7.3.1 ABILITY TO FACILITATE SUBSEA POWER DISTRIBUTION FOR MARINE RESEARCH AND EXPLORATION TO SPUR DEMAND
TABLE 26 DC: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
8 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 37 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2022
TABLE 27 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
8.2 MEDIUM-VOLTAGE
8.2.1 SUITABILITY FOR SHORT-DISTANCE POWER TRANSMISSION TO DRIVE MARKET
TABLE 28 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 HIGH-VOLTAGE
8.3.1 RISING NUMBER OF OFFSHORE WIND POWER INSTALLATIONS TO FOSTER SEGMENTAL GROWTH
TABLE 29 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
9 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
9.1 INTRODUCTION
FIGURE 38 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2022
TABLE 30 SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
9.2 COPPER
9.2.1 ROBUST TENSILE STRENGTH AND THERMAL CONDUCTIVITY TO FOSTER SEGMENTAL GROWTH
TABLE 31 CHARACTERISTICS OF COPPER AND ALUMINUM
TABLE 32 COPPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 ALUMINUM
9.3.1 SAFE HANDLING FOR LONG CABLE LENGTHS TO DRIVE DEMAND
TABLE 33 ALUMINUM: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10 SUBMARINE POWER CABLE MARKET, BY END USE
10.1 INTRODUCTION
FIGURE 39 SUBMARINE POWER CABLE MARKET, BY END USE, 2022
TABLE 34 SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
10.2 OFFSHORE WIND POWER GENERATION
10.2.1 DEPLOYMENT OF HVDC CABLING TO TRANSMIT POWER ACROSS REMOTE OFFSHORE INSTALLATIONS TO BOOST SEGMENTAL GROWTH
TABLE 35 COUNTRY-WISE DATA ON OFFSHORE WIND PROJECTS, 2022–2027
TABLE 36 OFFSHORE WIND POWER GENERATION: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10.3 INTER-COUNTRY & ISLAND CONNECTION
10.3.1 PROMOTION OF UNIFIED ELECTRICITY MARKET TO DRIVE MARKET
TABLE 37 REGION-WISE DATA ON SUBMARINE INTERCONNECTION PROJECTS, 2021–2027
TABLE 38 INTER-COUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
10.4 OFFSHORE OIL & GAS
10.4.1 INCREASING SUBSEA OPERATIONS AND DEEPWATER DRILLING TO FUEL MARKET GROWTH
TABLE 39 OFFSHORE OIL & GAS: SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
11 SUBMARINE POWER CABLE MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 40 NORTH AMERICA TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 41 EUROPE DOMINATED GLOBAL SUBMARINE POWER CABLE MARKET IN 2022
TABLE 40 SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 41 SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2028 (KILOMETERS)
11.2 EUROPE
TABLE 42 EUROPE OFFSHORE WIND SITES WITH GRID-CONNECTED TURBINES, 2022
FIGURE 42 EUROPE: SUBMARINE POWER CABLE MARKET SNAPSHOT
11.2.1 RECESSION IMPACT: EUROPE
TABLE 43 EUROPE: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 44 EUROPE: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 45 EUROPE: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 46 EUROPE: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 47 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.2.2 UK
11.2.2.1 Strong focus to achieve ‘Net Zero Target’ to fuel market
TABLE 48 UK: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.3 GERMANY
11.2.3.1 Legislations favoring development of renewable energy sector to fuel market growth
TABLE 49 GERMANY: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.4 DENMARK
11.2.4.1 Rising investments to develop offshore wind energy projects to favor market growth
TABLE 50 DENMARK: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.5 NETHERLANDS
11.2.5.1 Promising investment opportunities for players in offshore wind sector to foster market growth
TABLE 51 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.6 NORWAY
11.2.6.1 Key players making significant investments in offshore oil and gas industry to drive market
TABLE 52 NORWAY: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.7 FRANCE
11.2.7.1 Growing emphasis on developing energy sector to drive market growth
TABLE 53 FRANCE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.2.8 REST OF EUROPE
TABLE 54 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3 ASIA PACIFIC
FIGURE 43 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SNAPSHOT
11.3.1 RECESSION IMPACT: ASIA PACIFIC
TABLE 55 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 56 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 57 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 58 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 59 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION
11.3.2 CHINA
11.3.2.1 Increased focus on achieving carbon neutrality to drive market
TABLE 60 CHINA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.3 JAPAN
11.3.3.1 Rising government-led initiatives to protect undersea cables to drive market
TABLE 61 JAPAN: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.4 SOUTH KOREA
11.3.4.1 Ongoing developments in offshore wind sector to fuel market growth
TABLE 62 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.5 MALAYSIA
11.3.5.1 Rise in offshore oil & gas explorations to drive market
TABLE 63 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.6 INDONESIA
11.3.6.1 Development of new offshore projects to foster market growth
TABLE 64 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.7 VIETNAM
11.3.7.1 Subsequent increase in offshore wind energy capacity to boost market growth
TABLE 65 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.3.8 REST OF ASIA PACIFIC
TABLE 66 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT: NORTH AMERICA
TABLE 67 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 69 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 71 NORTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY END USE, 2021–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.4.2 US
11.4.2.1 Implementation of comprehensive strategies by Department of Energy to boost market
TABLE 73 US: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4.3 CANADA
11.4.3.1 Government-led initiatives to promote and support clean economy with renewable energy technologies to fuel market growth
TABLE 74 CANADA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.4.4 MEXICO
11.4.4.1 Large and diverse renewable energy resource base to offer lucrative opportunities to players
TABLE 75 MEXICO: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT: MIDDLE EAST & AFRICA
TABLE 76 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 77 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 78 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 79 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 80 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
TABLE 81 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD BILLION)
11.5.2 SAUDI ARABIA
11.5.2.1 Significant presence of productive onshore oilfields to drive market
TABLE 82 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.3 UAE
11.5.3.1 Implementation of Enhanced Oil Recovery (EOR) technique in oil fields to surge demand
TABLE 83 UAE: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.4 ANGOLA
11.5.4.1 Rising focus on exploring and producing offshore crude oil and natural gas to fuel market growth
TABLE 84 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 85 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT: SOUTH AMERICA
TABLE 86 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CORE TYPE, 2021–2028 (USD MILLION)
TABLE 87 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 88 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 89 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2021–2028 (USD MILLION)
TABLE 90 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET SIZE, BY END USE, 2021–2028 (USD MILLION)
TABLE 91 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
11.6.2 BRAZIL
11.6.2.1 Growing offshore exploration and oil production activities to drive market
TABLE 92 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6.3 ARGENTINA
11.6.3.1 Rising government investments for offshore gas production venture to drive market
TABLE 93 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
11.6.4 REST OF SOUTH AMERICA
TABLE 94 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END USE, 2021–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 95 SUBMARINE POWER CABLE MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
12.3 MARKET SHARE ANALYSIS, 2022
FIGURE 44 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2022
TABLE 96 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2022
FIGURE 45 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
12.4 REVENUE ANALYSIS, 2018–2022
FIGURE 46 SUBMARINE POWER CABLE MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
12.5 EVALUATION MATRIX OF KEY COMPANIES, 2022
12.5.1 STARS
12.5.2 PERVASIVE PLAYERS
12.5.3 EMERGING LEADERS
12.5.4 PARTICIPANTS
FIGURE 47 SUBMARINE POWER CABLE MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
12.6 SUBMARINE POWER CABLE MARKET: COMPANY FOOTPRINT
TABLE 97 COMPANY FOOTPRINT
TABLE 98 TYPE: COMPANY FOOTPRINT
TABLE 99 END USE: COMPANY FOOTPRINT
TABLE 100 REGION: COMPANY FOOTPRINT
12.7 COMPETITIVE SCENARIOS AND TRENDS
12.7.1 PRODUCT LAUNCHES
TABLE 101 SUBMARINE POWER CABLE MARKET: PRODUCT LAUNCHES, 2021–2023
12.7.2 DEALS
TABLE 102 SUBMARINE POWER CABLE MARKET: DEALS, 2021–2023
12.7.3 OTHERS
TABLE 103 SUBMARINE POWER CABLE MARKET: OTHERS, 2021–2023
13 COMPANY PROFILES
13.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
13.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 104 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 48 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 105 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 106 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 107 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
13.1.2 PRYSMIAN SPA
TABLE 108 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 49 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 109 PRYSMIAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 110 PRYSMIAN GROUP: PRODUCT LAUNCHES
TABLE 111 PRYSMIAN GROUP: DEALS
TABLE 112 PRYSMIAN GROUP: OTHERS
13.1.3 NEXANS
TABLE 113 NEXANS: COMPANY OVERVIEW
FIGURE 50 NEXANS: COMPANY SNAPSHOT
TABLE 114 NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 NEXANS: DEALS
TABLE 116 NEXANS: OTHERS
13.1.4 NKT A/S
TABLE 117 NKT A/S: COMPANY OVERVIEW
FIGURE 51 NKT A/S: COMPANY SNAPSHOT
TABLE 118 NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 119 NKT A/S: PRODUCT LAUNCHES
TABLE 120 NKT A/S: DEALS
TABLE 121 NKT A/S: OTHERS
13.1.5 LS CABLE & SYSTEM LTD.
TABLE 122 LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW
FIGURE 52 LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT
TABLE 123 LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 LS CABLE & SYSTEM LTD.: OTHERS
13.1.6 FURUKAWA ELECTRIC CO., LTD.
TABLE 125 FURUKAWA ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 53 FURUKAWA ELECTRIC CO., LTD.: COMPANY SNAPSHOT
TABLE 126 FURUKAWA ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 FURUKAWA ELECTRIC CO., LTD.: OTHERS
13.1.7 ZTT
TABLE 128 ZTT: COMPANY OVERVIEW
FIGURE 54 ZTT: COMPANY SNAPSHOT
TABLE 129 ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 130 ZTT: OTHERS
13.1.8 KEI INDUSTRIES LIMITED
TABLE 131 KEI INDUSTRIES LIMITED: COMPANY OVERVIEW
FIGURE 55 KEI INDUSTRIES LIMITED: COMPANY SNAPSHOT
TABLE 132 KEI INDUSTRIES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 133 KEI INDUSTRIES LIMITED: DEALS
13.1.9 TFKABLE
TABLE 134 TFKABLE: COMPANY OVERVIEW
TABLE 135 TFKABLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.10 TAIHAN CABLE & SOLUTION CO., LTD.
TABLE 136 TAIHAN CABLE & SOLUTION CO., LTD.: COMPANY OVERVIEW
FIGURE 56 TAIHAN CABLE & SOLUTION CO., LTD.: COMPANY SNAPSHOT
TABLE 137 TAIHAN CABLE & SOLUTION CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 TAIHAN CABLE & SOLUTION CO., LTD.: OTHERS
13.1.11 HENGTONG GROUP CO., LTD.
TABLE 139 HENGTONG GROUP CO., LTD: COMPANY OVERVIEW
TABLE 140 HENGTONG GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 HENGTONG GROUP CO., LTD: OTHERS
13.1.12 TRATOS
TABLE 142 TRATOS: COMPANY OVERVIEW
TABLE 143 TRATOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 TRATOS: OTHERS
13.1.13 HYDRO GROUP
TABLE 145 HYDRO GROUP: COMPANY OVERVIEW
TABLE 146 HYDRO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.14 THE OKONITE COMPANY
TABLE 147 THE OKONITE COMPANY: COMPANY OVERVIEW
TABLE 148 THE OKONITE COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HELLENIC CABLES
TABLE 149 HELLENIC CABLES: COMPANY OVERVIEW
TABLE 150 HELLENIC CABLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 HELLENIC CABLES: OTHERS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 BHUWAL INSULATION CABLE PVT. LTD
13.2.2 APAR INDUSTRIES
13.2.3 JDR CABLE SYSTEMS LTD.
13.2.4 SSGCABLE
13.2.5 1X TECHNOLOGIES LLC
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
