Submarine power cable is a type of transmission cable which carry electronic power below the surface of the water

Submarine Power Cables Market: Summary

The Global Submarine Power Cables Market is estimated to reach USD 19.57 Billion in 2024 at a CAGR of 12.7%. Increasing adoption of offshore wind farms, growing demand for renewable grid connections, and expanding offshore oil and gas platforms are expected to drive the market during the forecast period. However, authorization process of the project and initial installation cost of the product is expected to restrain the market during the forecast period.

Submarine power cable is a type of transmission cable which carry electronic power below the surface of the water. They are called submarine power cable because they usually carry electric power beneath salt water and many other water sources. For the transmission of electric power through submarine power cables, direct current (DC) is preferred because DC cables requires low reactive power than submarine AC cables. Some key players in submarine power cables market are Nexans SA, The Prysmian Group, Furukawa Electric Co Ltd, NKT A/S, and HENGTONG GROUP CO. LTD among others.

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Submarine Power Cables Market: Segmentation

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

Companies Covered

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Submarine Power Cables Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Submarine Power Cables Market by Type

Submarine Power Cables Market, by Material

Submarine Power Cables Market, by Voltage

Submarine Power Cables Market, by Core (Qualitative Chapter)

Submarine Power Cables Market by, End-Use Industry

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Submarine Power Cables Market by Region

Asia-Pacific

North America

Middle East and Africa

Rest of Middle East & Africa

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