Submarine Power Cable Market Size, Emerging Trends, Forecasts, and Analysis 2022-2028

Stratview Research has recently published a report on the Submarine Power Cable Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028

Submarine Power Cable Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Submarine Power Cable Market was estimated to grow from USD 6.97 billion in 2021 to USD 19 billion by 2028 at an impressive CAGR of 15.15% during the forecast period.

What is Submarine Power Cable?

A submarine power cable is a transmission cable meant for carrying electric power below the water. It is used for transmission of electricity generated using offshore wind power generating facilities.

Some of the companies drives the market growth:

  • Prysmian

  • ZTT

  • Furukawa Electric

  • Nexans

  • KEI Industries

  • NKT

  • TF Kable

  • LS Cable & Systems

  • ABB

  • Kelani Cables

  • Hengtong Marine Cable Systems

  • Intertek Group

  • Sumitomo Electric

  • Ningbo Orient Wires and Cables.

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Regional Analysis

Europe is estimated to be the leading region in the market owing to continuous advancements toward an effective transmission network coupled with high energy demand from developing countries. Stringent regulations pertaining to efficient power transmission along with rising cross-border electricity trade will boost the growth of the market in the region..

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

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