Report Description

Global Submarine Power Cable Market, By Type (Single Core and Multicore), By Voltage (Medium Voltage and High Voltage), By Conductor Material (Copper and Aluminium), By End-User (Inter-Country & Island Connection, Offshore Wind Power Generation and Offshore Oil & Gas), By Company and By Geography, Forecast & Opportunities, 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Power

Global Submarine Power Cable Market is projected to reach USD 16.66 Billion by 2023, at a CAGR of over 15% during the forecast period owing to increasing demand for inter-country & island connections, increasing demand for HVDC connections and increasing investments. Moreover, the growth in demand from the offshore oil & gas sector is predictable to boost the demand for submarine power cables during the forecast period as well. Based on type, the market has been segmented into Single Core and Multicore. In 2017, the single core segment dominated the market and is projected to lead the submarine power cables market during the forecast period as well. In Europe, the demand for single core submarine power cables is from the offshore wind sector. This is likely to increase the overall single core submarine power cable market. Based on end-user, the market has been categorised into Inter-Country & Island Connection, Offshore Wind Power Generation and Offshore Oil & Gas. The offshore wind power generation segment accounted for the largest market size in 2017 owing to growing technological advancements and falling offshore wind cost. Moreover, the offshore wind power generation segment is anticipated to dominate the market during the forecast period as well. The key players in the market are General Cable Corporation, ZTT, LS Cable & System, among others.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyse and forecast the market size of Submarine Power Cable Market, in terms of value.
  • To classify and forecast Global Submarine Power Cable Market based on type, voltage, conductor material, end-user and regional distribution.
  • To identify drivers and challenges for Global Submarine Power Cable Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Submarine Power Cable Market.
  • To conduct the pricing analysis for Submarine Power Cable Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Submarine Power Cable Market.


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Some of the leading players in the Global Submarine Power Cable Market are Prysmian, Nexans, General Cable Corporation, ZTT, LS Cable & System, Sumitomo Electric, Hydro Group, KEI Industries, Tele-Fonika Kable, NKT, Furukawa Electric etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Submarine Power Cable Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Submarine power cable Manufacturers
  • Transmission and distribution utilities
  • Suppliers and Distributors
  • End consumers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Submarine Power Cable Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Single Core
    • Multicore
  • Market, By Voltage:
    • Medium Voltage
    • High Voltage
  • Market, By Conductor Material:
    • Copper
    • Aluminium
  • Market, By End-User:
    • Inter-Country & Island Connection
    • Offshore Wind Power Generation
    • Offshore Oil & Gas
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Submarine Power Cable Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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