Submarine Power Cable Market
Submarine Power Cable Market Analysis by Single-core and Multi-core for Offshore Wind Power Generation, Inter-country & Island Connection, and Offshore Oil & Gas from 2024 to 2034
Analysis of Submarine Power Cable Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Submarine Power Cable Market Outlook (2024 to 2034)
The global submarine power cable market, which is an key component of the energy sector, is pegged at US$ 14.81 billion for 2024 and is projected to reach a valuation of US$ 46.83 billion by 2034-end, expanding at a CAGR of 12.2% from 2024 to 2034.
The global market is undergoing a fundamental shift, driven by the need to move to clean and sustainable energy sources. Submarine power cables, the unsung heroes of the energy industry, transport electricity across large miles of ocean, connecting offshore energy-producing plants to the onshore grid.
Demand for submarine power cables is being driven by the rapid construction of offshore wind farms, mainly across Europe and Asia. These cables are crucial for delivering sustainable energy from offshore wind farms to the mainland. Governments around the world are investing in cross-border grid interconnection projects, which help to drive submarine power cable market growth. These projects seek to improve energy security and promote electricity exchange among adjacent countries. Continuous advancements in cable design and materials improve underwater transmission cable efficiency and longevity, supporting market growth.
Key Market Growth Drivers
- Fast construction of offshore wind farms is one of the most powerful growth drivers. These cables connect offshore wind turbines to onshore substations, providing the continuous delivery of clean energy to the grid.
- As governments throughout the world boost their investments in offshore wind projects, the global market is expected to rise at an exponential rate.
- In the energy industry, energy security and efficient power trading are critical. Countries are substantially investing in cross-border grid interconnection projects to develop interdependence and reduce dependency on a single energy source or supplier.
- Continuous advancements in submarine cable design and materials are fueling market expansion. High Voltage Direct Current (HVDC) cables in particular are gaining popularity due to their capacity to transport enormous amounts of electricity over long distances with little energy loss.
- Submarine cables are more environmentally friendly than standard overhead transmission lines because they cause less harm to marine habitats. This is consistent with the goals of reducing environmental effects while improving energy transmission capacity.
These technological improvements such as submarine AIP systems not only improve the efficiency of electricity transmission but also increase demand for sophisticated, long-lasting undersea power cables.
| Report Attributes | Details |
|---|---|
| Submarine Power Cable Market Size (2023A) | US$ 13.2 Billion |
| Estimated Market Value (2024E) | US$ 14.81 Billion |
| Forecasted Market Value (2034F) | US$ 46.83 Billion |
| Global Market Growth Rate (2024 to 2034) | 12.2% CAGR |
| Europe Market Share (2023) | 45.5% |
| High Voltage Segment Share (2023) | 66% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Which Market Dynamics are Influencing Demand for Submarine Power Cables?
“Integration of Offshore Wind Power to Decrease Greenhouse Gas Emissions”
Offshore wind farms have grown drastically and are an important part of the global transition to clean and renewable energy sources. Submarine power cables are critical in this shift since they connect these offshore wind projects to the onshore power grid. Submarine power cables serve as a link between these far offshore locales and power-hungry areas, ensuring that the clean energy generated is efficiently transported to customers.
Rapid expansion of offshore wind capacity, particularly in Europe and Asia, has created a significant need for undersea power cables. As technological advances in wind turbine design and construction boost the efficiency and capacity of these offshore facilities, the demand for high-quality, high-capacity underwater power cables grows.
“Globalization of Energy Trade Ensuring Energy Security and Sustainability”
Countries are increasingly turning beyond their borders to obtain reliable and diversified energy supplies as global energy demand rises. This technique is centered on cross-border grid interconnections, which are frequently powered by submarine power cables. These interconnection projects promote energy security and resource optimization by allowing effective electricity trade between neighboring countries and regions. Countries can balance supply and demand by creating resilient and interconnected grids, decreasing the vulnerability of their submarine power cable systems to supply outages and price variations.
Demand for underwater power cables is increasing as more countries engage in cross-border energy trading. These undersea cables are critical in carrying electricity across international waterways, providing a continuous flow of energy between countries. Submarine power cables, by connecting places with variable renewable energy potential, aid in the transmission of clean energy to areas where it is most required, lowering dependency on fossil fuels and contributing to a more sustainable and linked global energy environment.
What is Impeding Submarine Power Cable Market Growth?
“Technological Challenges Associated with Submarine Cable Maintenance in Harsh Conditions”
Installing and maintaining submarine power cables in harsh marine settings may be extremely complex and demanding. Submarine power lines frequently travel over great ocean depths, changing bottom conditions, and stormy undersea landscapes. To ensure the safe and reliable operation of the cable, engineering solutions must account for these conditions.
Submarine cables are subjected to a variety of environmental stresses, such as high currents, temperature fluctuations, and pressure differentials. It is a difficult undertaking to design cables that can survive these circumstances over time.
To ensure cable integrity and performance under harsh conditions, intensive testing and the use of modern materials and construction processes are required. These technical complexities can impede the scalability of submarine power cable projects, as efficiently addressing wear and tear during the operational lifetime of the cable is critical for ensuring uninterrupted energy transfer.
Cable installation is a logistically complex procedure that frequently necessitates the use of specialized vessels and equipment to lay the cables on the seafloor. Dealing with such long wire lengths, guaranteeing adequate anchoring, and minimizing the danger of cable damage during installation can be technically difficult.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are Start-ups Driving the Innovation Train in Submarine Power Cable Technology?
“Focus on Developing Eco-friendly Cable Materials and Cost-effective Installation Methods”
Start-ups must focus on specific strategies, such as the development of new cable materials, novel cable designs, or cutting-edge cable installation methods. Start-ups must form strategic alliances with established industry players, research institutions, or other start-ups. These collaborations can give start-ups important knowledge, resources, and market insights.
Collaboration can speed up R&D efforts, open doors to new markets, and boost the credibility of a start-up within the industry. Innovation is the lifeblood of success in the submarine power cable business. Start-ups should focus on developing disruptive technologies and approaches that threaten the status quo. Whether it is introducing eco-friendly cable materials, cost-effective installation methods, or ground-breaking cable designs, innovation can help firms achieve a competitive advantage and market attention.
Start-ups should look toward foreign markets, particularly in areas where offshore energy projects are gaining pace. Start-ups may effectively compete and survive in this dynamic and attractive industry by being adaptive, imaginative, and smart in their approach.
Country-wise Insights
Transmission of electrical power through subsea cables is a major market driver in developing economies such as India, the United States, Canada, the United Kingdom, and Germany.
What is Attracting Submarine Power Cable Manufacturers to the United States?
“Investments in Sustainable Energy Solutions Fueling Demand for Submarine Power Cables”
The United States is positioned to be a prominent catalyst for the growth of the submarine power cable market. The United States is experiencing a spectacular boom in offshore wind energy production. The United States has been actively investing in offshore wind projects due to its wide coastlines and great offshore wind potential, particularly in the Northeast and along the Atlantic coast. These efforts include the construction of large wind farms off its coasts, which necessitates the installation of modern submarine power lines to connect these offshore turbines to the mainland grid.
The country recognizes the significance of grid connectivity and cross-border energy trading in improving energy security and resource utilization. Cross-border interconnections, such as those proposed between the United States and Canada, attempt to facilitate electricity interchange between neighboring countries. These initiatives are fueling domestic demand for undersea power cables.
How is Germany Contributing to High Sales of Submarine Power Cables?
“Commitment to Energy Security, Technological Innovation, and Environmental Consciousness”
Europe accounted for 45.5% of the global submarine power cable market share in 2023, reveals Fact.MR, a market research and competitive intelligence provider.
Germany has emerged as a global pioneer in renewable energy transition, particularly in the offshore wind sector. The rise of offshore wind farms is directly proportional to the demand for submarine power cables, which are critical cable conduits for delivering the clean energy generated by offshore turbines to the mainland grid. A massive network of underwater power cables connecting these wind farms to the onshore grid and enabling the efficient distribution of renewable energy is required to meet these commitments.
A strong commitment to energy security and sustainability drives investments in cross-border grid interconnection projects in Germany. These measures strengthen energy security and develop interdependence with neighboring countries. The country has a solid industrial base, as well as cutting-edge cable manufacturing facilities and technological skills.
German firms are pioneers in the development of sophisticated cable designs and materials such as high voltage direct current (HVDC) cables, which improve transmission efficiency and reduce energy loss during long-distance electricity transmission. Submarine power cables align with the country's goal of minimizing the environmental effect of energy infrastructure projects because they cause less harm to marine ecosystems than typical overhead transmission lines.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
High-voltage submarine cables accounted for 50% of global market revenue in 2023, while the medium-voltage segment is poised to rise at a steady CAGR.
Which End Use Holds a Leading Share of the Market?
“Extensive Use of Submarine Power Cables in Offshore Wind Energy Generation”
Asia Pacific accounted for 38.75% of the market in 2023. Owing to its critical role in easing the global shift to clean and sustainable energy sources, the offshore wind power generation segment has emerged as the market leader in the submarine power cable industry.
With their significant generation capacity and advantageous positions in wind-rich coastal areas, offshore wind farms have seen spectacular growth, particularly in regions such as Europe and Asia. Submarine power cables are essential in connecting remote, wind-rich places to population centers as governments throughout the world spend substantially on offshore wind projects to diversify their clean energy portfolios.
Significant investments and lofty goals established by governments and energy businesses highlight the offshore wind power generation segment's leadership. For example, in Europe, countries such as the United Kingdom, Germany, and Denmark have led the development of offshore wind farms, increasing in demand for undersea power cables.
Importance of offshore wind power generation is enhanced by the environmental considerations and sustainability goals that underpin the global energy shift. Offshore wind power is a clean, renewable, and infinite energy source that reduces dependency on fossil fuels and helps mitigate climate change. In this context, submarine power cables play a key role in guaranteeing the efficient and environmentally beneficial transmission of this clean energy to customers.
Competitive Landscape
The competitive landscape of this industry is characterized by a mix of well-established firms and new entrants. Major global firms with vast experience and skill in manufacturing high-voltage power cables intended to endure the harsh undersea environment, such as Nexans, Prysmian Group, and General Cable Technologies, are at the forefront of the submarine power cable market.
The market is a dynamic and ever-changing business that necessitates a careful balance of experience, innovation, and adaptation. As demand for offshore renewable energy grows, competition in this sector is set to heat up, making it critical for enterprises to keep ahead of technology improvements and regulatory changes to preserve their competitive position.
- Prysmian Group announced the completion of the Viking Link Interconnector project in October 2023, which connects Norway and the United Kingdom via an underwater power cable system capable of carrying 1,400 MW of electricity. This is the world's longest inter-country subsea power cable connection.
- Nexans announced the successful completion of the East Anglia THREE offshore wind farm project in July 2023, which connects the United Kingdom grid to a 450 MW offshore wind farm. Nexans delivered a submarine power cable system for this project.
Segmentation of Submarine Power Cable Market Research
-
By Core Type :
- Single-core
- Multi-core
-
By Voltage :
- Medium
- High
-
By Conductor Material :
- Copper
- Aluminum
-
By Insulation Type :
- Cross-linked Polyethylene (XLPE)
- Ethylene Propylene Rubber (EPR)
-
By End Use :
- Offshore Wind Power Generation
- Inter-country & Island Connection
- Offshore Oil & Gas
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Core Type Innovation / Development Trends 4. Market Background 4.1. Macro-Economic Factors 4.1.1. Rise in Expenditure 4.1.2. Increased Per Capita Expenditure 4.2. Forecast Factors - Relevance & Impact 4.2.1. Core Type in Pipeline 4.2.2. Regulatory Scenario 4.2.3. Mergers and Acquisitions 4.2.4. Collaborative Agreements 4.2.5. Value Chain 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunity Analysis 4.4. COVID19 Crisis Analysis 4.4.1. Current COVID19 Statistics and Probable Future Impact 4.4.2. Current GDP Projection and Probable Impact 4.4.3. Current Economic Projection as Compared to 2008 Economic analysis 4.4.4. COVID19 and Impact Analysis 4.4.4.1. Revenue By Core Type 4.4.4.2. Revenue By Conductor Material 4.4.4.3. Revenue By Voltage 4.4.4.4. Revenue By Insulation Type 4.4.4.5. Revenue By End Use 4.4.4.6. Revenue By Country 4.4.5. 2020 Market Scenario 4.4.6. Quarter by Quarter Forecast 4.4.7. Projected Recovery Quarter 4.4.8. Recovery Scenario – Short term, Midterm and Long Term Impact 5. Market Context 5.1. Adoption and Usage Analysis 5.2. Market Evolution 5.3. Core Type Vs Conductor Material Matrix 5.4. Regulatory Scenario 5.5. Parent Market Analysis 5.6. Key Promotional Strategies by Market Players 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Core Type 6.2. Pricing Break-up 6.2.1. Manufacturer Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2023 7.2. Current and Future Market Value (US$ Mn) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type 8.1. Introduction / Key Findings 8.2. Historical Market Insulation Type (US$ Mn) Analysis By Core Type, 2018 to 2023 8.3. Current and Future Market Insulation Type (US$ Mn) Analysis and Forecast By Core Type, 2024 to 2034 8.3.1. Single-core 8.3.2. Multi-core 8.4. Market Attractiveness Analysis By Core Type 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Voltage 9.1. Introduction / Key Findings Voltage Insulation Type, 2018 to 2023 9.2. Current and Future Market Insulation Type (US$ Mn) Analysis and Forecast By Voltage, 2024 to 2034 9.2.1. Medium 9.2.2. High 9.3. Market Attractiveness Analysis By Voltage 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Conductor Material 10.1. Introduction / Key Findings Conductor Material Insulation Type, 2018 to 2023 10.2. Current and Future Market Insulation Type (US$ Mn) Analysis and Forecast By Conductor Material, 2024 to 2034 10.2.1. Copper 10.2.2. Aluminum 10.3. Market Attractiveness Analysis By Conductor Material 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Insulation Type 11.1. Introduction / Key Findings Insulation Type, 2018 to 2023 11.2. Current and Future Market Insulation Type (US$ Mn) Analysis and Forecast By Insulation Type, 2024 to 2034 11.2.1. Cross-linked Polyethylene (XLPE) 11.2.2. Ethylene Propylene Rubber (EPR) 11.3. Market Attractiveness Analysis By Insulation Type 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by End Use 12.1. Introduction / Key Findings 12.2. Historical Market Insulation Type (US$ Mn) Analysis By End Use, 2018 to 2023 12.3. Current and Future Market Insulation Type (US$ Mn) Analysis and Forecast By End Use, 2024 to 2034 12.3.1. Offshore Wind Power Generation 12.3.2. Inter-country & Island Connection 12.3.3. Offshore Oil & Gas 12.3.4. Others 12.4. Market Attractiveness Analysis By End Use 13. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region 13.1. Introduction 13.2. Historical Market Insulation Type (US$ Mn) Analysis By Region, 2018 to 2023 13.3. Current Market Insulation Type (US$ Mn) Analysis and Forecast By Region, 2024 to 2034 13.3.1. North America 13.3.2. Latin America 13.3.3. Europe 13.3.4. East Asia 13.3.5. South Asia 13.3.6. Oceania 13.3.7. Middle East and Africa (MEA) 13.4. Market Attractiveness Analysis By Region 14. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Insulation Type (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 14.3. Market Insulation Type (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. United States 14.3.1.2. Canada 14.3.2. By Core Type 14.3.3. By Voltage 14.3.4. By Conductor Material 14.3.5. By Insulation Type 14.3.6. By End Use 14.4. Market Attractiveness Analysis 14.5. Market Trends 14.6. Key Market Participants - Intensity Mapping 14.7. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Insulation Type (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 15.3. Market Insulation Type (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. United Kingdom 15.3.1.5. Spain 15.3.1.6. Rest of Europe 15.3.2. By Core Type 15.3.3. By Voltage 15.3.4. By Conductor Material 15.3.5. By Insulation Type 15.3.6. By End Use 15.4. Market Attractiveness Analysis 15.5. Market Trends 15.6. Key Market Participants - Intensity Mapping 15.7. Drivers and Restraints - Impact Analysis 16. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Insulation Type (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 16.3. Market Insulation Type (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. South Africa 16.3.1.3. Rest of Middle East and Africa 16.3.2. By Core Type 16.3.3. By Voltage 16.3.4. By Conductor Material 16.3.5. By Insulation Type 16.3.6. By End Use 16.4. Market Attractiveness Analysis 16.5. Market Trends 16.6. Key Market Participants - Intensity Mapping 16.7. Drivers and Restraints - Impact Analysis 17. Rest of the World Market Analysis 2018 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Insulation Type (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 17.3. Market Insulation Type (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Core Type 17.3.2. By Voltage 17.3.3. By Conductor Material 17.3.4. By Insulation Type 17.3.5. By End Use 17.4. Market Attractiveness Analysis 17.5. Market Trends 17.6. Key Market Participants - Intensity Mapping 17.7. Drivers and Restraints - Impact Analysis 18. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. United States Market Analysis 18.2.1. By Core Type 18.2.2. By Voltage 18.2.3. By Conductor Material 18.2.4. By Insulation Type 18.2.5. By End Use 18.3. Canada Market Analysis 18.3.1. By Core Type 18.3.2. By Voltage 18.3.3. By Conductor Material 18.3.4. By Insulation Type 18.3.5. By End Use 18.4. United Kingdom Market Analysis 18.4.1. By Core Type 18.4.2. By Voltage 18.4.3. By Conductor Material 18.4.4. By Insulation Type 18.4.5. By End Use 18.5. Germany Market Analysis 18.5.1. By Core Type 18.5.2. By Voltage 18.5.3. By Conductor Material 18.5.4. By Insulation Type 18.5.5. By End Use 18.6. France Market Analysis 18.6.1. By Core Type 18.6.2. By Voltage 18.6.3. By Conductor Material 18.6.4. By Insulation Type 18.6.5. By End Use 18.7. Italy Market Analysis 18.7.1. By Core Type 18.7.2. By Voltage 18.7.3. By Conductor Material 18.7.4. By Insulation Type 18.7.5. By End Use 18.8. Spain Market Analysis 18.8.1. By Core Type 18.8.2. By Voltage 18.8.3. By Conductor Material 18.8.4. By Insulation Type 18.8.5. By End Use 18.8.6. By End Use 18.9. GCC Countries Market Analysis 18.9.1. By Core Type 18.9.2. By Voltage 18.9.3. By Conductor Material 18.9.4. By Insulation Type 18.9.5. By End Use 18.10. South Africa Market Analysis 18.10.1. By Core Type 18.10.2. By Voltage 18.10.3. By Conductor Material 18.10.4. By Insulation Type 18.10.5. By End Use 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Core Type foot print by Players 19.4.3. Channel Foot Print by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Prysmian Group 20.3.1.1. Overview 20.3.1.2. Core Type Portfolio 20.3.1.3. Analyst Commentary 20.3.1.4. Key Financials 20.3.1.5. Recent Developments 20.3.1.6. Sales Footprint 20.3.1.7. Strategy Overview 20.3.1.7.1. Marketing Strategy 20.3.1.7.2. Core Type Strategy 20.3.1.7.3. Channel Strategy 20.3.2. NKT A/S 20.3.2.1. Overview 20.3.2.2. Core Type Portfolio 20.3.2.3. Analyst Commentary 20.3.2.4. Key Financials 20.3.2.5. Recent Developments 20.3.2.6. Sales Footprint 20.3.2.7. Strategy Overview 20.3.2.7.1. Marketing Strategy 20.3.2.7.2. Core Type Strategy 20.3.2.7.3. Channel Strategy 20.3.3. Nexans SA 20.3.3.1. Overview 20.3.3.2. Core Type Portfolio 20.3.3.3. Analyst Commentary 20.3.3.4. Key Financials 20.3.3.5. Recent Developments 20.3.3.6. Sales Footprint 20.3.3.7. Strategy Overview 20.3.3.7.1. Marketing Strategy 20.3.3.7.2. Core Type Strategy 20.3.3.7.3. Channel Strategy 20.3.4. Sumitomo Electric Industries Limited 20.3.4.1. Overview 20.3.4.2. Core Type Portfolio 20.3.4.3. Analyst Commentary 20.3.4.4. Key Financials 20.3.4.5. Recent Developments 20.3.4.6. Sales Footprint 20.3.4.7. Strategy Overview 20.3.4.7.1. Marketing Strategy 20.3.4.7.2. Core Type Strategy 20.3.4.7.3. Channel Strategy 20.3.5. ABB Ltd. 20.3.5.1. Overview 20.3.5.2. Core Type Portfolio 20.3.5.3. Analyst Commentary 20.3.5.4. Key Financials 20.3.5.5. Recent Developments 20.3.5.6. Sales Footprint 20.3.5.7. Strategy Overview 20.3.5.7.1. Marketing Strategy 20.3.5.7.2. Core Type Strategy 20.3.5.7.3. Channel Strategy 20.3.6. General Cable Corp. 20.3.6.1. Overview 20.3.6.2. Core Type Portfolio 20.3.6.3. Analyst Commentary 20.3.6.4. Key Financials 20.3.6.5. Recent Developments 20.3.6.6. Sales Footprint 20.3.6.7. Strategy Overview 20.3.6.7.1. Marketing Strategy 20.3.6.7.2. Core Type Strategy 20.3.6.7.3. Channel Strategy 20.3.7. Furukawa Electric Group 20.3.7.1. Overview 20.3.7.2. Core Type Portfolio 20.3.7.3. Analyst Commentary 20.3.7.4. Key Financials 20.3.7.5. Recent Developments 20.3.7.6. Sales Footprint 20.3.7.7. Strategy Overview 20.3.7.7.1. Marketing Strategy 20.3.7.7.2. Core Type Strategy 20.3.7.7.3. Channel Strategy 20.3.8. LS Cable & System 20.3.8.1. Overview 20.3.8.2. Core Type Portfolio 20.3.8.3. Analyst Commentary 20.3.8.4. Key Financials 20.3.8.5. Recent Developments 20.3.8.6. Sales Footprint 20.3.8.7. Strategy Overview 20.3.8.7.1. Marketing Strategy 20.3.8.7.2. Core Type Strategy 20.3.8.7.3. Channel Strategy 20.3.9. Hengton Group Co., Ltd. 20.3.9.1. Overview 20.3.9.2. Core Type Portfolio 20.3.9.3. Analyst Commentary 20.3.9.4. Key Financials 20.3.9.5. Recent Developments 20.3.9.6. Sales Footprint 20.3.9.7. Strategy Overview 20.3.9.7.1. Marketing Strategy 20.3.9.7.2. Core Type Strategy 20.3.9.7.3. Channel Strategy 20.3.10. KEI Industries Ltd. 20.3.10.1. Overview 20.3.10.2. Core Type Portfolio 20.3.10.3. Analyst Commentary 20.3.10.4. Key Financials 20.3.10.5. Recent Developments 20.3.10.6. Sales Footprint 20.3.10.7. Strategy Overview 20.3.10.7.1. Marketing Strategy 20.3.10.7.2. Core Type Strategy 20.3.10.7.3. Channel Strategy 20.3.11. Hydro Group 20.3.11.1. Overview 20.3.11.2. Core Type Portfolio 20.3.11.3. Analyst Commentary 20.3.11.4. Key Financials 20.3.11.5. Recent Developments 20.3.11.6. Sales Footprint 20.3.11.7. Strategy Overview 20.3.11.7.1. Marketing Strategy 20.3.11.7.2. Core Type Strategy 20.3.11.7.3. Channel Strategy 20.3.12. ZTT 20.3.12.1. Overview 20.3.12.2. Core Type Portfolio 20.3.12.3. Analyst Commentary 20.3.12.4. Key Financials 20.3.12.5. Recent Developments 20.3.12.6. Sales Footprint 20.3.12.7. Strategy Overview 20.3.12.7.1. Marketing Strategy 20.3.12.7.2. Core Type Strategy 20.3.12.7.3. Channel Strategy 20.3.13. Tele Fonika Kable SA 20.3.13.1. Overview 20.3.13.2. Core Type Portfolio 20.3.13.3. Analyst Commentary 20.3.13.4. Key Financials 20.3.13.5. Recent Developments 20.3.13.6. Sales Footprint 20.3.13.7. Strategy Overview 20.3.13.7.1. Marketing Strategy 20.3.13.7.2. Core Type Strategy 20.3.13.7.3. Channel Strategy 20.3.14. Taihan Cable & Solution Co., Ltd. 20.3.14.1. Overview 20.3.14.2. Core Type Portfolio 20.3.14.3. Analyst Commentary 20.3.14.4. Key Financials 20.3.14.5. Recent Developments 20.3.14.6. Sales Footprint 20.3.14.7. Strategy Overview 20.3.14.7.1. Marketing Strategy 20.3.14.7.2. Core Type Strategy 20.3.14.7.3. Channel Strategy 20.3.15. Tratos 20.3.15.1. Overview 20.3.15.2. Core Type Portfolio 20.3.15.3. Analyst Commentary 20.3.15.4. Key Financials 20.3.15.5. Recent Developments 20.3.15.6. Sales Footprint 20.3.15.7. Strategy Overview 20.3.15.7.1. Marketing Strategy 20.3.15.7.2. Core Type Strategy 20.3.15.7.3. Channel Strategy 20.3.16. The Okonite Company 20.3.16.1. Overview 20.3.16.2. Core Type Portfolio 20.3.16.3. Analyst Commentary 20.3.16.4. Key Financials 20.3.16.5. Recent Developments 20.3.16.6. Sales Footprint 20.3.16.7. Strategy Overview 20.3.16.7.1. Marketing Strategy 20.3.16.7.2. Core Type Strategy 20.3.16.7.3. Channel Strategy 20.3.17. Hellenic Cables 20.3.17.1. Overview 20.3.17.2. Core Type Portfolio 20.3.17.3. Analyst Commentary 20.3.17.4. Key Financials 20.3.17.5. Recent Developments 20.3.17.6. Sales Footprint 20.3.17.7. Strategy Overview 20.3.17.7.1. Marketing Strategy 20.3.17.7.2. Core Type Strategy 20.3.17.7.3. Channel Strategy 20.3.18. Bhuwal Insulation Cable Pvt. Ltd. 20.3.18.1. Overview 20.3.18.2. Core Type Portfolio 20.3.18.3. Analyst Commentary 20.3.18.4. Key Financials 20.3.18.5. Recent Developments 20.3.18.6. Sales Footprint 20.3.18.7. Strategy Overview 20.3.18.7.1. Marketing Strategy 20.3.18.7.2. Core Type Strategy 20.3.18.7.3. Channel Strategy 20.3.19. Apar Industries 20.3.19.1. Overview 20.3.19.2. Core Type Portfolio 20.3.19.3. Analyst Commentary 20.3.19.4. Key Financials 20.3.19.5. Recent Developments 20.3.19.6. Sales Footprint 20.3.19.7. Strategy Overview 20.3.19.7.1. Marketing Strategy 20.3.19.7.2. Core Type Strategy 20.3.19.7.3. Channel Strategy 21. Assumptions and Acronyms Used 22. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type
Table 02: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Voltage
Table 03: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Conductor Material
Table 04: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type
Table 05: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
Table 06: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type Age Group
Table 07: Global Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
Table 08: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type
Table 10: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Conductor Material
Table 11: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Voltage
Table 12: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type
Table 13: North America Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
Table 14: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type
Table 16: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Conductor Material
Table 17: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Voltage
Table 18: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type
Table 19: Europe Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
Table 20: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type
Table 22: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Conductor Material
Table 23: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Voltage
Table 24: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type
Table 25: Middle East and Africa Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
Table 26: Rest of the World Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Core Type
Table 27: Rest of the World Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Conductor Material
Table 28: Rest of the World Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Voltage
Table 29: Rest of the World Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Insulation Type
Table 30: Rest of the World Market Insulation Type (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034
Figure 02: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 03: Global Market Share Analysis (%), By Core Type, 2024 & 2034
Figure 04: Global Market Y-o-Y Analysis (%), By Core Type, 2024 to 2034
Figure 05: Global Market Attractiveness Analysis By Core Type, 2024 to 2034
Figure 06: Global Market Share Analysis (%), By Voltage, 2024 & 2034
Figure 07: Global Market Y-o-Y Analysis (%), By Voltage, 2024 to 2034
Figure 08: Global Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 09: Global Market Share Analysis (%), By Conductor Material, 2024 & 2034
Figure 10: Global Market Y-o-Y Analysis (%), By Conductor Material, 2024 to 2034
Figure 11: Global Market Attractiveness Analysis By Conductor Material, 2024 to 2034
Figure 12: Global Market Share Analysis (%), By Insulation Type, 2024 & 2034
Figure 13: Global Market Y-o-Y Analysis (%), By Insulation Type, 2024 to 2034
Figure 14: Global Market Attractiveness Analysis By Insulation Type, 2024 to 2034
Figure 15: Global Market Share Analysis (%), By End Use, 2024 & 2034
Figure 16: Global Market Y-o-Y Analysis (%), By End Use , 2024 to 2034
Figure 17: Global Market Attractiveness Analysis, By End Use, 2024 to 2034
Figure 18: Global Market Share Analysis (%), By Insulation Type Age Group, 2024 & 2034
Figure 19: Global Market Y-o-Y Analysis (%), By Insulation Type Age Group, 2024 to 2034
Figure 20: Global Market Attractiveness Analysis By Insulation Type Age Group, 2024 to 2034
Figure 21: Global Market Share Analysis (%), By Region, 2024 & 2034
Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 23: Global Market Attractiveness Analysis, By Region, 2024 to 2034
Figure 24: North America Market Value Share, By Core Type, 2024 (E)
Figure 25: North America Market Value Share, By Conductor Materials 2024 (E)
Figure 26: North America Market Value Share, By Voltage, 2024 (E)
Figure 27: North America Market Value Share, By Insulation Type, 2024 (E)
Figure 28: North America Market Value Share, By End Use, 2024 (E)
Figure 29: North America Market Value Share, By Country, 2024 (E)
Figure 30: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034
Figure 31: North America Market Attractiveness Analysis By Core Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis By Conductor Material, 2024 to 2034
Figure 33: North America Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 34: North America Market Attractiveness Analysis By Insulation Type, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 36: North America Market Attractiveness Analysis By Country, 2024 to 2034
Figure 37: Europe Market Value Share, By Core Type, 2024 (E)
Figure 38: Europe Market Value Share, By Conductor Materials 2024 (E)
Figure 39: Europe Market Value Share, By Voltage, 2024 (E)
Figure 40: Europe Market Value Share, By Insulation Type, 2024 (E)
Figure 41: Europe Market Value Share, By End Use, 2024 (E)
Figure 42: Europe Market Value Share, By Country, 2024 (E)
Figure 43: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034
Figure 44: Europe Market Attractiveness Analysis By Core Type, 2024 to 2034
Figure 45: Europe Market Attractiveness Analysis By Conductor Material, 2024 to 2034
Figure 46: Europe Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 47: Europe Market Attractiveness Analysis By Insulation Type, 2024 to 2034
Figure 48: Europe Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 49: Europe Market Attractiveness Analysis By Country, 2024 to 2034
Figure 50: Middle East and Africa Market Value Share, By Core Type, 2024 (E)
Figure 51: Middle East and Africa Market Value Share, By Conductor Material, 2024 (E)
Figure 52: Middle East and Africa Market Value Share, By Voltage, 2024 (E)
Figure 53: Middle East and Africa Market Value Share, By Insulation Type, 2024 (E)
Figure 54: Middle East and Africa Market Value Share, By End Use, 2024 (E)
Figure 55: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034
Figure 57: Middle East and Africa Market Attractiveness Analysis By Core Type, 2024 to 2034
Figure 58: Middle East and Africa Market Attractiveness Analysis By Conductor Material, 2024 to 2034
Figure 59: Middle East and Africa Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 60: Middle East and Africa Market Attractiveness Analysis By Insulation Type, 2024 to 2034
Figure 61: Middle East and Africa Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2024 to 2034
Figure 63: Rest of the World Market Value Share, By Core Type, 2024 (E)
Figure 64: Rest of the World Market Value Share, By Conductor Materials 2024 (E)
Figure 65: Rest of the World Market Value Share, By Voltage, 2024 (E)
Figure 66: Rest of the World Market Value Share, By Insulation Type, 2024 (E)
Figure 67: Rest of the World Market Value Share, By End Use, 2024 (E)
Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034
Figure 69: Rest of the World Market Attractiveness Analysis By Core Type, 2024 to 2034
Figure 70: Rest of the World Market Attractiveness Analysis By Conductor Material, 2024 to 2034
Figure 71: Rest of the World Market Attractiveness Analysis By Voltage, 2024 to 2034
Figure 72: Rest of the World Market Attractiveness Analysis By Insulation Type, 2024 to 2034
Figure 73: Rest of the World Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 74: United States Market Value Share, By Core Type, 2024 & 2034
Figure 75: United States Market Value Share, By Conductor Material, 2024 & 2034
Figure 76: United States Market Value Share, By Voltage, 2024 & 2034
Figure 77: United States Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 78: United States Market Value Share, By End Use, 2024 & 2034
Figure 79: United States Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Canada Market Value Share, By Core Type, 2024 & 2034
Figure 81: Canada Market Value Share, By Conductor Material, 2024 & 2034
Figure 82: Canada Market Value Share, By Voltage, 2024 & 2034
Figure 83: Canada Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 84: Canada Market Value Share, By End Use, 2024 & 2034
Figure 85: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: United Kingdom Market Value Share, By Core Type, 2024 & 2034
Figure 87: United Kingdom Market Value Share, By Conductor Material, 2024 & 2034
Figure 88: United Kingdom Market Value Share, By Voltage, 2024 & 2034
Figure 89: United Kingdom Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 90: United Kingdom Market Value Share, By End Use, 2024 & 2034
Figure 91: United Kingdom Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: Germany Market Value Share, By Core Type, 2024 & 2034
Figure 93: Germany Market Value Share, By Conductor Material, 2024 & 2034
Figure 94: Germany Market Value Share, By Voltage, 2024 & 2034
Figure 95: Germany Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 96: Germany Market Value Share, By End Use, 2024 & 2034
Figure 97: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: France Market Value Share, By Core Type, 2024 & 2034
Figure 99: France Market Value Share, By Conductor Material, 2024 & 2034
Figure 100: France Market Value Share, By Voltage, 2024 & 2034
Figure 101: France. Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 102: France Market Value Share, By End Use, 2024 & 2034
Figure 103: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: Italy Market Value Share, By Core Type, 2024 & 2034
Figure 105: Italy Market Value Share, By Conductor Material, 2024 & 2034
Figure 106: Italy Market Value Share, By Voltage, 2024 & 2034
Figure 107: Italy Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 108: Italy Market Value Share, By End Use, 2024 & 2034
Figure 109: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: Spain Market Value Share, By Core Type, 2024 & 2034
Figure 111: Spain Market Value Share, By Conductor Material, 2024 & 2034
Figure 112: Spain Market Value Share, By Voltage, 2024 & 2034
Figure 113: Spain Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 114: Spain Market Value Share, By End Use, 2024 & 2034
Figure 115: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: GCC Countries. Market Value Share, By Core Type, 2024 & 2034
Figure 117: GCC Countries Market Value Share, By Conductor Material, 2024 & 2034
Figure 118: GCC Countries Market Value Share, By Voltage, 2024 & 2034
Figure 119: GCC Countries Market Value Share, By Insulation Type, 2024 & 2034
Figure 120: GCC Countries Market Value Share, By End Use, 2024 & 2034
Figure 121: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: South Africa Market Value Share, By Core Type, 2024 & 2034
Figure 123: South Africa Market Value Share, By Conductor Material, 2024 & 2034
Figure 124: South Africa Market Value Share, By Voltage, 2024 & 2034
Figure 125: South Africa Market Value Share, By Insulation Type Age Group, 2024 & 2034
Figure 126: South Africa Market Value Share, By End Use, 2024 & 2034
Figure 127: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the sales value of submarine power cables in 2024?
Worldwide sales of submarine power cables are estimated at US$ 14.81 billion in 2024.
Which region occupied a leading share of the global market in 2023?
Europe accounted for 45.5% share of the global submarine power cable market in 2023.
What is the demand projection for submarine power cables by 2034?
Demand for submarine power cables is projected to reach a market value of US$ 46.83 billion by 2034-end.
What is the sales growth projection for submarine power cables?
Revenue from sales of submarine power cables is projected to increase at a CAGR of 12.2% through 2034.
Who are the leading producers of submarine power cables?
Prysmian (Italy), Sumitomo Electric Industries Ltd. (Japan), and Nexans (France) are leading producers of submarine power cables.
Submarine Power Cable Market