The report covers the present scenario and the growth prospects of the global submarine power cable market for 2017-2022. In order to arrive at the market size, we have considered the revenue of key vendors operating in the global submarine power cable market. The report considers revenue generated from various end-user industries such as offshore wind power generation, inter-country and island connection, and offshore oil rigs. The revenue generated from the submarine power cable market across regions has been considered for market size calculation.
A trend which is boosting market growth is the rise in the sales of HVDC power cables. The HVDC underground power cable is a viable option for long distance and high-voltage safe power transfer.
The European Commission has selected 43 major energy projects to build cross-border infrastructure that can create a potential internal energy market and also enhance energy security. In these projects, high loads of electricity need to be transferred from one European country to another.
According to the report, a key driver of market growth is the rise in offshore renewable energy. Rising global demand for renewable energy generation has resulted in considerable increase in the number of offshore wind farms.
Submarine power cables play a vital role in transporting the new generated power from these wind farms onshore. These cables facilitate effective integration of renewable energies.
This interconnection capacity increases the volume of renewable energy production that a system is capable of integrating under secure conditions.
This report provides comprehensive analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Opportunity mapping in terms of technological breakthroughs
Global Hybrid Submarine Power Cable Market: Regional Segment Analysis
The Major players reported in the market include:
ON Semiconductor Corp.
Shindengen Electric Manufacturing Co. Ltd
Vishay Intertechnology Inc.
Alpha and Omega Semiconductor Ltd
Analog Devices Inc.
Global Hybrid Submarine Power Cable Market: Product Segment Analysis
Global Hybrid Submarine Power Cable Market: Application Segment Analysis
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It provides a six-year forecast assessed on the basis of how the market is predicted to grow
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