Fairfield Market Research Submarine Power Cables Market Size, Analysis, Forecast 2027
Submarine Power Cables Market

Submarine Power Cables Market

Global Submarine Power Cables Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2027 - (By Type Coverage, Conductor Coverage, Voltage Coverage, End-user Coverage, By Geography, Leading Companies)

Published Date: Jul 2022 | Format: | No. of Pages: 114

Industry: Energy & Natural Resources | Author Name: Harshad

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FAQ : Submarine Power Cables Market

Global submarine power cables market is anticipated to reach US$11.2 Bn by 2027

The top five players in submarine power cables market include: Sumitomo, Prysmian Group, Nexans, ZTT, and The Furukawa Electric Co., Ltd.

In 2021, Europe constituted 55.7% of the global submarine power cables market by value. In terms of value, Asia Pacific is expected to register a CAGR of 22.7% from 2022-2027.

In terms of type, single core segment dominated and constituted 79.3% share of the global submarine power cables market in 2021. In terms of conductor, copper segment dominated and constituted more than 70% share of the global submarine power cables market in 2021. In terms of voltage, high (500KV and above) segment dominated and constituted more than 65% share of the global submarine power cables market in 2021. In terms of end user, offshore wind power segment constituted more than 60% share of the market in 2021.

Delays in project fundings for offshore oil & gas and offshore wind power projects has hampered the new sales as well as maintenance activities of submarine power cables.
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