Submarine Power Cable Market: Analysis of High-growth Emerging Economies and the Companies that Propel them
Submarine Power Cable Market Scenario
The submarine power cable market is expected to grow from an estimated market size of USD 8.12 Billion in 2018 to USD 16.56 Billion by 2023, at a CAGR of 15.32%, from 2018 to 2023.
The overall submarine power cable market is set to witness significant growth because of the increasing offshore wind installations, growing demand for inter-country and...
Increasing Demand from Oil & Gas Offshore Operations expected to boost the Demand for Submarine Power Cables
Submarine power cables are mostly for transmitting electricity to offshore installations such as offshore power generation units, and if needed, these cables can also be used for energy transmission across cities or remote locations by laying them on river beds. Due to the increasing demand for renewable energy, many countries are now actively focusing on harnessing wind energy and wave energy of seas...