Submarine Power Cable Market 2026, Growing Offshore Renewable Energy Installations to Boost Market Growth - Technavio

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Sep 15, 2022, 05:15 ET

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- The "Submarine Power Cable Market" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Global Submarine Power Cable Market 2022-2026

The potential growth difference for the submarine power cable market between 2021 and 2026 is USD 1.05 billion. The report extensively covers submarine power cable market segmentation by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and geography (Europe, APAC, North America, Middle East, and Africa, and South America). To get the exact yearly growth variance and the Y-O-Y growth rate, Request Free Sample Report.

Key Market Dynamics:

Market Driver
Market Challenges

One of the key drivers supporting the growth of the submarine power cable market is the increasing offshore renewable energy installations. Offshore wind power installations are rapidly expanding due to their higher capacity output, which can be up to 40% greater than onshore wind power generation. The offshore wind submarine power cable market is critical for transmitting newly generated energy from offshore wind turbines to the shore.

The offshore wind submarine power cable industry enables renewable energy integration. Submarine power cable market growth is closely related to the expansion of offshore renewable energy installations and capacity, as these projects are powered by submarine power cables. However, factors such as challenges faced in laying and maintaining cables will challenge market growth. Buy Sample Report.

Submarine Power Cable Market Geographical Segmentation

Europe will account for 47% of market growth during the forecast period. The submarine power cable market in Europe is dominated by Germany and the United Kingdom. This region's market growth will be slower than that of North America and APAC. Government support and a growing emphasis on wind energy will help the submarine power cable market grow in Europe over the forecast period.

The offshore wind segment's submarine power cable market share will grow significantly. When compared to conventional turbines, offshore wind turbines can produce more energy with fewer turbines. Europe is home to more than 80% of the world's offshore wind power generation capacity. European countries have set a goal of meeting more than 20% of their energy demand with renewables by 2030. During the forecast period, such factors may drive segment growth. Download Free Sample Report.

Some Companies Mentioned with their Offerings

ABB Ltd.: The company provides flexibility and productivity for operations through the combination of robotics and machine automation.
Eland Cables Ltd.: The company offers a variety of cables and cable accessories for various industries, including railway, mining, marine, construction, and various others.
Fujikura Ltd.: The company offers Power cables, Telecommunication cables, Aluminum wires, Enameled wires, Optical fibers, Optical fiber cables, Telecommunication components, Optical components, Fiber optic equipment, Network equipment, and Installation.
Furukawa Electric Co Ltd: The company offer solutions for optical fiber and cable products, FITEL products, broadband solutions business, and energy infrastructure.
HELUKABEL Romania Srl: The company offers solar cable systems that include cables and cable systems for photovoltaic installations which help to produce electricity through an energy conversion process.

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Submarine Power Cable Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of over 4.5%
Market growth 2022-2026	$ 1.05 billion
Market structure	Fragmented
YoY growth (%)	3.5
Regional analysis	Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution	Europe at 47%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABB Ltd., Eland Cables Ltd., Europacable, Fujikura Ltd., Furukawa Electric Co Ltd, HELUKABEL Romania Srl, Hengtong Group Co Ltd, Hydro Group, Jiangsu Zhongtian Technology Co Ltd, KEI Industries Ltd, Leoni AG, LS Cable and System Ltd., Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, Southwire Co. LLC, Subsea 7 SA, Sumitomo Electric Industries Ltd., and The Okonite Co.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 Offshore wind - Market size and forecast 2021-2026

Exhibit 28: Chart on Offshore wind - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Offshore wind - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Offshore wind - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Offshore wind - Year-over-year growth 2021-2026 (%)

5.4 Island connection and inter-country - Market size and forecast 2021-2026

Exhibit 32: Chart on Island connection and inter-country - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Island connection and inter-country - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Island connection and inter-country - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Island connection and inter-country - Year-over-year growth 2021-2026 (%)

5.5 Offshore oil - Market size and forecast 2021-2026

Exhibit 36: Chart on Offshore oil - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Offshore oil - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Offshore oil - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Offshore oil - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026

Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user

Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison

7.3 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026

Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026

Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026

Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 ABB Ltd.

Exhibit 97: ABB Ltd. - Overview
Exhibit 98: ABB Ltd. - Business segments
Exhibit 99: ABB Ltd. - Key offerings
Exhibit 100: ABB Ltd. - Segment focus

10.4 Eland Cables Ltd.

Exhibit 101: Eland Cables Ltd. - Overview
Exhibit 102: Eland Cables Ltd. - Product / Service
Exhibit 103: Eland Cables Ltd. - Key offerings

10.5 Fujikura Ltd.

Exhibit 104: Fujikura Ltd. - Overview
Exhibit 105: Fujikura Ltd. - Business segments
Exhibit 106: Fujikura Ltd. - Key offerings
Exhibit 107: Fujikura Ltd. - Segment focus

10.6 Furukawa Electric Co Ltd

Exhibit 108: Furukawa Electric Co Ltd - Overview
Exhibit 109: Furukawa Electric Co Ltd - Business segments
Exhibit 110: Furukawa Electric Co Ltd - Key offerings
Exhibit 111: Furukawa Electric Co Ltd - Segment focus

10.7 Hengtong Group Co Ltd

Exhibit 112: Hengtong Group Co Ltd - Overview
Exhibit 113: Hengtong Group Co Ltd - Product / Service
Exhibit 114: Hengtong Group Co Ltd - Key offerings

10.8 Leoni AG

Exhibit 115: Leoni AG - Overview
Exhibit 116: Leoni AG - Business segments
Exhibit 117: Leoni AG - Key news
Exhibit 118: Leoni AG - Key offerings
Exhibit 119: Leoni AG - Segment focus

10.9 Nexans SA

Exhibit 120: Nexans SA - Overview
Exhibit 121: Nexans SA - Business segments
Exhibit 122: Nexans SA - Key offerings
Exhibit 123: Nexans SA - Segment focus

10.10 NKT AS

Exhibit 124: NKT AS - Overview
Exhibit 125: NKT AS - Business segments
Exhibit 126: NKT AS - Key offerings
Exhibit 127: NKT AS - Segment focus

10.11 Prysmian Spa

Exhibit 128: Prysmian Spa - Overview
Exhibit 129: Prysmian Spa - Business segments
Exhibit 130: Prysmian Spa - Key offerings
Exhibit 131: Prysmian Spa - Segment focus

10.12 Sumitomo Electric Industries Ltd.

Exhibit 132: Sumitomo Electric Industries Ltd. - Overview
Exhibit 133: Sumitomo Electric Industries Ltd. - Business segments
Exhibit 134: Sumitomo Electric Industries Ltd. - Key news
Exhibit 135: Sumitomo Electric Industries Ltd. - Key offerings
Exhibit 136: Sumitomo Electric Industries Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 139: Currency conversion rates for US$

11.4 Research methodology

Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources

11.5 List of abbreviations

Exhibit 143: List of abbreviations

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