Submarine Power Cable Market Scope And Analysis

Report Code : TIPRE00008943
Category : Electronics and Semiconductor

No. of Pages : 150

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Submarine Power Cable Market Analysis, Scope, and Growth by 2028

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Submarine Power Cable Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 8.96 Billion
Market Size by 2031	US$ 13.45 Billion
Global CAGR (2023 - 2031)	5.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Multicore Single Core By Conductor Material Copper and Aluminum By Voltage High Voltage and Medium Voltage By Application Offshore Oil and Gas Offshore Wind Power Inter-Country & Island Connection
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Prysmian Group NKT A S Sumitomo Electric Industries Ltd FURUKAWA ELECTRIC CO LTD HENGTONG GROUP CO LTD KEI Industries Limited LS Cable System Ltd Hydro Group Plc ZT International Ltd TFKable

Submarine Power Cable Market News and Recent Developments

The submarine power cable market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the submarine power cable market are listed below:

LS GreenLink USA, Inc., a wholly-owned subsidiary of LS Cable & System Ltd. (“LS C&S”), has selected a 98-acre brownfield site in Chesapeake, Virginia, for its new state-of-the-art submarine power cable manufacturing facility. This strategically located site, within the Hampton Roads Beltway along the Elizabeth River, will enhance LS GreenLink's ability to meet global demand for submarine power cables. (Source: LS GreenLink USA, Inc., Company Website, July 2024)
Sumitomo Electric Industries, Ltd. was awarded a contract to supply 132kV submarine power cable for Gwynt y Môr Offshore Wind Farm, located approximately 15 km off the North Coast of Wales. (Source: Sumitomo Electric Industries, Ltd Company Website, May 2024)

Submarine Power Cable Market Report Coverage and Deliverables

The “Submarine Power Cable Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Submarine power cable size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Submarine power cable trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Submarine power cable analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the submarine power cable market
Detailed company profiles