Submarine Power Cable Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Jun 2020
  • Pages: 120
  • SKU: IRTNTR43750
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The submarine power cable market size has the potential to grow by $ 1.08 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and geography (Europe, APAC, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Anixter International Inc., Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, and Sumitomo Electric Industries Ltd.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Submarine Power Cable Market

Request a FREE sample now!

Market Competitive Analysis

The market is fragmented. ABB Ltd., Anixter International Inc., Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, and Sumitomo Electric Industries Ltd. are some of the major market participants. Factors such as growing offshore renewable energy installations, increasing inter-country and island connections, and rising global energy demand will offer immense growth opportunities. However, challenges faced in laying and maintaining cables, volatility in raw material prices, and damages caused to cables by human interventions may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this submarine power cable market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this submarine power cable market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • Anixter International Inc.
  • Belden Inc.
  • Fujikura Ltd.
  • Furukawa Electric Co. Ltd.
  • Leoni AG
  • Nexans SA
  • NKT AS
  • Prysmian Spa
  • Sumitomo Electric Industries Ltd.

 

Submarine Power Cable Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Europe will offer several growth opportunities to market vendors during the forecast period. The increase in sales of hvdc power cables, growing wind power generation capacity, and technological developments will significantly influence submarine power cable market's growth in this region.

47% of the market’s growth will originate from Europe during the forecast period. Italy, Denmark, and Finland are the key markets for the submarine power cable market  in Europe. This report provides an accurate prediction of the contribution of all segments to the growth of the submarine power cable market size.

Submarine Power Cable Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will submarine power cable market growth during the next five years
  • Precise estimation of the submarine power cable market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the submarine power cable industry across Europe, APAC, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of submarine power cable market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Submarine Power Cable Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2020-2024

$ 1.08 billion

Market structure

Fragmented

YoY growth (%)

1.74

Regional analysis

Europe, APAC, North America, MEA, and South America

Performing market contribution

Europe at 47%

Key consumer countries

Italy, US, Denmark, Japan, and Finland

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Anixter International Inc., Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, and Sumitomo Electric Industries Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The submarine power cable market growth will increase by $1081.95 million during 2019-2024.
The submarine power cable market is expected to grow at a CAGR of 4.26% during 2019-2024.
Technavio has segmented the submarine power cable market by end user (Offshore wind, Island connection and inter-country, Offshore oil, and Others) and geographic (Europe, APAC, North America, MEA, and South America).
ABB Ltd., Anixter International Inc., Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, Sumitomo Electric Industries Ltd. are a few of the key vendors in the submarine power cable market.
Europe will register the highest growth rate of 46.73% among the other regions. Therefore, the submarine power cable market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the submarine power cable market growth are:
  • Growing offshore renewable energy installations
  • Increase in sales of HVDC power cables
The submarine power cable market vendors should focus on grabbing business opportunities from the offshore wind segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>