Insights on the Submarine Power Cable Global Market to 2027 - 37 Players Featured Including ABB, AEI Cables and Furukawa Electric

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Apr 22, 2021, 18:15 ET

DUBLIN, April 22, 2021 /PRNewswire/ -- The "Submarine Power Cable - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Submarine Power Cable estimated at US$9.2 Billion in the year 2020, is projected to reach a revised size of US$24.1 Billion by 2027, growing at a CAGR of 14.8% over the period 2020-2027.

Single Core, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$17.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi Core segment is readjusted to a revised 12.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 14.2% CAGR

The Submarine Power Cable market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Select Competitors (Total 37 Featured):

ABB
AEI Cables
Furukawa Electric
General Cable Technologies
Hengtong Marine Cable Systems
Hydro Group, NKT Group
JDR Cables
LS Cable & System
Nexans
Prysmian Group
Sumitomo Electric Industries
TE Subcom

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 37

For more information about this report visit https://www.researchandmarkets.com/r/2s415c

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Research and Markets
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SOURCE Research and Markets