Submarine Power Cable Market Size, Share, and Forecast by 2028
Submarine Power Cable Market: Strategic Insights
Submarine Power Cable Market
-
CAGR (2023 - 2031)5.2% -
Market Size 2023
US$ 8.96 Billion -
Market Size 2031
US$ 13.45 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Investment In Offshore Wind Energy Plants to Favor Market
FUTURE TRENDS
- Development in Underwater Data Centres.
OPPORTUNITIES
- The rise in the development of the underwater data center is anticipated to drive the market in the forecast period.
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Multicore
- Single Core
Conductor Material
- Copper and Aluminum
Voltage
- High Voltage and Medium Voltage
Application
- Offshore Oil and Gas
- Offshore Wind Power
- Inter-Country & Island Connection