New Market Research Report: Global Submarine Power Cable Market 2016-2020

From: Fast Market Research, Inc.
Published: Tue Jul 12 2016

A power cable is an insulated strand of wires used to transmit electricity at variable voltage levels. Power cables are mainly used in submarine, overhead line, building, and underground wiring applications to carry electricity. They can be classified into four broad categories depending on their operating voltage applications - low voltage, medium voltage, high voltage, and extra high voltage.

The submarine power cable is a transmission cable that transports electricity below the ocean bed or the surface of fresh water sources such as rivers and lakes. Offshore wind energy farms are the major end-users of submarine power cables. These cables are used to transport electricity generated from windmills located offshore to onshore. Submarine power cables are also useful for inter-country and island connectivity.

Technavio's analysts forecast the global submarine power cable market to grow at a CAGR of 5.89% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global submarine power cable market for 2016-2020. 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.

Full Report Details at

The market is divided into the following segments based on geography:

* Americas

Technavio's report, Global Submarine Power Cable Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

* General Cable
* Nexans
* NKT Cables
* Prysmian
* Sumitomo

Market driver

* Growth in offshore renewable energy
* For a full, detailed list, view our report

Market challenge

* Challenges faced during cable laying
* For a full, detailed list, view our report

Market trend

* Rise in sales of HVDC power cables
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2020 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?
* Who are the key vendors in this market space?
* What are the market opportunities and threats faced by the key vendors?
* What are the strengths and weaknesses of the key vendors?

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