by The submarine power cable market size is poised to grow by USD 32.86 billion by 2032 from USD 14.6 billion in 2022, exhibiting a CAGR of 8.5% during the forecast period 2023-2032.
Key Takeaways
- Europe led the market with the largest market share of 36% in 2022.
- Asia-Pacific is projected to grow at the fastest CAGR during the forecast period.
- By Core Type, the single core has held the largest market share of 63% in 2022.
- By Core Type, the multi-core submarine power cables segment is expected to grow at a remarkable CAGR of 13.8% during the projected period.
- By Voltage, the high-voltage segment held the biggest market share of 59% in 2022.
- By Voltage, the medium-voltage segment is estimated to expand at the fastest CAGR over the projected period.
- By Conductor Material, the copper segment contributed more than 57% in 2022.
- By Conductor Material, the aluminum segment is projected to grow at the fastest CAGR over the projected period.
- By End Use, the offshore wind segment has held the major market share of 35% in 2022.
- By End Use, the offshore oil and gas segment is estimated to expand at a noteworthy CAGR of 15.6% over the predicted period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Submarine power cable market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Submarine power cable Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Submarine Power Cable Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 8.5% |
| Market Size in 2023 | USD 15.77 Billion |
| Market Size by 2032 | USD 32.86 Billion |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Core Type, By Voltage, By Conductor Material, and By End Use |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Packaging Adhesives Market Size To Rake USD 26.52 Bn By 2032
The empirical study on the global Submarine power cable market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Submarine power cable Market. Our market report for the Submarine power cable market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Top Key Players:
- Prysmian Group
- Nexans S.A.
- Sumitomo Electric Industries, Ltd.
- Furukawa Electric Co., Ltd.
- NKT A/S
- LS Cable & System Ltd.
- Hengtong Group
- Jiangsu Zhongtian Technology Co., Ltd.
- Southwire Company, LLC
- J-Power Systems Corporation
- General Cable Corporation
- Fujikura Ltd.
- Tele-Fonika Kable S.A.
- ZTT Group
- TF Kable Sdn Bhd
Data Sources and Methodology
To gather comprehensive insights on the Global Submarine power cable Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Submarine power cable Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Submarine power cable market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Core Type
- Single-Core
- Multi-Core
By Voltage
- Medium
- High
By Conductor Material
- Cooper
- Aluminum
By End Use
- Offshore Wind
- Inter-Country & Island Connection
- Offshore Oil & Gas
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Submarine power cable market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Submarine power cable market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Submarine power cable market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Submarine power cable market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Submarine Power Cable Market
5.1. COVID-19 Landscape: Submarine Power Cable Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Submarine Power Cable Market, By Core Type
8.1. Submarine Power Cable Market Revenue and Volume, by Core Type, 2023-2032
8.1.1. Single-Core
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Multi-Core
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Submarine Power Cable Market, By Voltage
9.1. Submarine Power Cable Market Revenue and Volume, by Voltage, 2023-2032
9.1.1. Medium
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. High
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Submarine Power Cable Market, By Conductor Material
10.1. Submarine Power Cable Market Revenue and Volume, by Conductor Material, 2023-2032
10.1.1. Cooper
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Aluminum
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Submarine Power Cable Market, By End Use
11.1. Submarine Power Cable Market Revenue and Volume, by End Use, 2023-2032
11.1.1. Offshore Wind
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Inter-Country & Island Connection
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Offshore Oil & Gas
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Submarine Power Cable Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.1.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.1.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.1.4. Market Revenue and Forecast, by End Use (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.1.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.1.6.4. Market Revenue and Forecast, by End Use (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.2.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.2.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.2.4. Market Revenue and Forecast, by End Use (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.2.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.2.6.4. Market Revenue and Forecast, by End Use (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.2.7.4. Market Revenue and Forecast, by End Use (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.2.8.4. Market Revenue and Forecast, by End Use (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.3.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.3.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.3.4. Market Revenue and Forecast, by End Use (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.3.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.3.6.4. Market Revenue and Forecast, by End Use (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.3.7.4. Market Revenue and Forecast, by End Use (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.3.8.4. Market Revenue and Forecast, by End Use (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.4.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.4.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.4.4. Market Revenue and Forecast, by End Use (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.4.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.4.6.4. Market Revenue and Forecast, by End Use (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.4.7.4. Market Revenue and Forecast, by End Use (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.4.8.4. Market Revenue and Forecast, by End Use (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.5.5.4. Market Revenue and Forecast, by End Use (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Core Type (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Voltage (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Conductor Material (2020-2032)
12.5.6.4. Market Revenue and Forecast, by End Use (2020-2032)
Chapter 13. Company Profiles
13.1. Prysmian Group
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Nexans S.A.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Sumitomo Electric Industries, Ltd.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Furukawa Electric Co., Ltd.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. NKT A/S
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. LS Cable & System Ltd.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Hengtong Group
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Jiangsu Zhongtian Technology Co., Ltd.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Southwire Company, LLC
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. J-Power Systems Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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