Submarine Power Cable Market to Grow $22.3 billion by 2028
According to a research report “Submarine Power Cable Market by Core Type (Single-core, Multi-core), Voltage (Medium, High), Conductor Material (Copper, Aluminium), End Use (Offshore Wind, Inter-Country & Island Connection, Offshore Oil & Gas), Type and Region – Global Forecast to 2028″ published by MarketsandMarkets, the Submarine power cable is projected to reach USD 22.3...
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...
Submarine Power Cable Market to Capture Unparalleled Growth with A 15.32% CAGR By 2023
The overall submarine power cable market is estimated to be valued at USD 8.12 billion in 2018 and is projected to reach USD 16.56 billion by 2023, at a CAGR of 15.32% during the forecast period. In 2018, Europe is estimated to be the largest market for submarine power cables, followed by Asia Pacific and North America. The growth of the submarine power cable market is driven by new offshore wind...
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...