Tokyo, Japan -- (SBWire) -- 03/25/2019 --Submarine power cables are used to transmit electricity below the ocean, that is, deep under the sea bed. These cables are used to transfer electricity from offshore wind turbines, tidal power projects, and onshore locations to oil rigs as well as to transmit electricity across countries or islands. Countries such as the UK and Germany that generate huge amounts of renewable energy through wind turbines use submarine power cables to export it to neighboring countries having less energy generation capacity.
New research report on the global Submarine Power Cable market is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. It compiles in-depth information and research methodologies. It is also combined with relevant charts and tables to enable readers to get a better perspective of this global market.
The Global Submarine Power Cable Market is estimated to grow at a CAGR of +15% during the forecast period.
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Rising demand from offshore oil & gas operations, increasing number of offshore wind farms are some of the key factors propelling the market growth. Furthermore, increasing demand for high voltage direct current (HVDC) submarine power cables is one of the major opportunities during the forecast period. However, high cost of installation and environmental issues are inhibiting the market.
Top Companies Profiled in this Report includes, Hydro Group, Prysmian Group, KEI Industries, LS Cable & System, Nexans, Furukawa Electric, General Cable Corporation, Hengtong Group, NKT Holding, Sumitomo Electric Industries, And, Many More…
Analysts studied every factor that could be used to distinguish drivers, limitations, opportunities and threats of the Global Submarine Power Cable Market. Some of these influences include annual revenue, key segments, production capacity and new products. Industry principles are also documented for market analysis. This is coupled with understanding business practices of the market, sympathetic government's presence in the industry, classifying leverage of Submarine Power Cable market globally, reviewing commercial terms and conditions and analyzing market subjects and trends.
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Submarine Power Cable market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. The report provides detailed industry analysis of the global Submarine Power Cable market with the help of proven research methodologies such as Porter's five forces. The major geographical regions which include, North America, Asia Pacific, Europe, the Middle East & Africa and Latin America are studied.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Submarine Power Cable market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Submarine Power Cable market
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Table of Contents
Global Submarine Power Cable Market Research Report
Chapter 1 Submarine Power Cable Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Submarine Power Cable Market Forecast
Analyst Forecast: Submarine Power Cable Market Growing at +15% CAGR by Top Players Like Prysmian Group, Nexans, Furukawa Electric, LS Cable & System, General Cable, Sumitomo Electric
The global submarine power cable market research report provides a detailed analysis of the market by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several submarine power cable manufacturers including General Cable Technologies, Nexans, NKT Group, Prysmian Group, and Sumitomo Electric Industries.