April 16, 2024

Submarine Power Cable Market Size To Gain USD 32.86 Bn by 2032

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. 

Submarine Power Cable Market Size 2023 To 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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