by The global submarine power cable market size was estimated to be around US$ 14.6 billion in 2022. It is projected to reach US$ 32.86 billion by 2032, indicating a CAGR of 8.5% from 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.
The market research report on the Submarine power cable market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Submarine power cable products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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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 Garner USD 26.52 Billion by 2032
The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Submarine power cable market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Submarine power cable market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Submarine power cable products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Submarine power cable market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Submarine power cable market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Submarine power cable market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
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
Market Segmentations
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
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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