Submarine Power Cable Market – 2019 Global Industry Analysis By Size, Growth, Share, Trends, Competitive Landscape With Regional Forecast To 2023
Submarine Power Cable Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Submarine Power Cable Market is to grow at healthy 14.05% CAGR by 2023. Global Submarine Power Cable Market by Insulation type (Cross linked polyethylene and ethylene propylene rubber, Type (Single and Multi-core), Voltage (Medium and High), Conductor type, End-Use and region with Forecast To 2023.
Submarine Power Cable Key Players Analyzed in Report:
Alcatel-Lucent (France), Corning Inc. (USA), Ericson (Sweden), General Cable (USA), J-Power Systems (Japan), Kerite Company (USA), LS Cable & System Corporation (South Korea), Nexans (Norway), NKT Holdings (Denmark), The Okonite Company (USA), Prysmian Group (Italy), and Qingdao Hanhe Cable Co. Ltd. (China).
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Submarine Power Cable Market Highlights:
Submarine power cables are useful cables regarding electricity transmission that are buried under water, mostly sea water. Market Research Future (MRFR) has published a research report about the global submarine power cable market that weighs expansion for this market at 14.05% CAGR (Compound Annual Growth Rate) between 2019 and 2023. Electricity is a major requirement for all the economies worldwide, and submarine power cables have enabled isolated countries and islands to meet their energy needs. Offshore wind farms have been driving the growth of the global submarine power cable market, with the growing demand for renewable energy resources. Tidal energy projects are also trending in the market and they require submarine power cables to transmit the energy harnessed to the mainland.
The crucial factor contributing to the global submarine power cable market growth is technological developments in the offshore wind farms markets. Other factors supporting the market growth include increasing harnessing of energy from offshore wind farms by many countries, growing use of submarine power cables to transmit electricity from the mainland, intercountry & island power connections using submarine power cables. However, factors that can restrain the market growth include the complexity of initial installation, difficulties of further repairs due to high underwater pressure, complex authorization due to clearances being required from various authorities, and lastly, damage caused to the cables from human intervention.
Global Submarine Power Cable Market Segments:
Based on insulation type, the market is segmented into Cross-Linked Polyethylene (XLPE) and Ethylene Propylene Rubber (EPR). EPR cables are usually made without lead, which makes them lighter and easier to lay on the ocean bed.
Based on the core type, the market is segmented as single core and multi core, where single core cables are dominating the market. By voltage, the market is segmented as high voltage and medium voltage. Medium voltage cables can usually support a voltage of 36 kV.
Based on types of conductors used, the market is segmented into aluminum and copper. Aluminum segment has been dominating the market in 2017 and is expected to capture a larger market share during the forecast period.
Based on end-use, the market is segmented as offshore oil & gas platforms, offshore wind farms, island connections and tidal power generation. Offshore wind farms segment is estimated to dominate the market during the forecast period. However, offshore oil 7 gas platforms segment is showcasing substantial growth trends during the forecast period.
Global Submarine Power Cable Market Regional Overview:
The regional segmentation of the global submarine power cable market can segment the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). Europe holds the largest share in the global market due to the major submarine power cable connection between Brussels, Germany, Norway, Portugal, and the UK. The remaining countries of Europe, especially France, do have a market for the submarine power cable. Many key market players are based in Europe.
Asia Pacific region is the fastest growing regional market during the forecast period due to technological advancement progressing in the countries like China, India, and Japan, followed by the remaining countries of this region. In North America, the market is strong due to technological advancement and the presence of many key market players in this region. The major country-specific markets in this region are the USA and Canada.
TABLE OF CONTENTS:
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. DEFINITION
2.2.2. RESEARCH OBJECTIVE
2.2.3. ASSUMPTIONS
2.2.4. LIMITATIONS
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3. MARKET LANDSCAPE
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.1. INTRODUCTION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
5. GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE
5.1. INTRODUCTION
5.2. CROSS LINKED POLYETHYLENE (XLPE)
5.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.3. ETHYLENE PROPYLENE RUBBER (EPR)
5.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6. GLOBAL SUBMARINE POWER CABLE MARKET, BY CORE TYPE
6.1. INTRODUCTION
6.2. MULTI CORE
6.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
6.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6.3. SINGLE CORE
6.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
6.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
Continued…
List Of Tables:
TABLE 1 GLOBAL DIESEL PARTICULATE FILTER MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: DIESEL PARTICULATE FILTER MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE DIESEL PARTICULATE FILTER MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC DIESEL PARTICULATE FILTER MARKET: BY COUNTRY, 2018–2023
TABLE 5 ROW DIESEL PARTICULATE FILTER MARKET: BY COUNTRY, 2018–2023
TABLE 6 GLOBAL DIESEL PARTICULATE FILTER MARKET, BY CORE TYPE, BY REGIONS, 2018–2023
TABLE 7 NORTH AMERICA: DIESEL PARTICULATE FILTER MARKET, BY CORE TYPE, BY COUNTRY, 2018–2023
TABLE 8 EUROPE DIESEL PARTICULATE FILTER MARKET, BY CORE TYPE, BY COUNTRY, 2018–2023
TABLE 9 ASIA-PACIFIC DIESEL PARTICULATE FILTER MARKET BY CORE TYPE, BY COUNTRY, 2018–2023
TABLE 10 ROW DIESEL PARTICULATE FILTER MARKET BY CORE TYPE, BY COUNTRY, 2018–2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP-DOWN & BOTTOM-UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL DIESEL PARTICULATE FILTER MARKET SHARE, BY CORE TYPE, 2017 (%)
FIGURE 9 GLOBAL DIESEL PARTICULATE FILTER MARKET, BY CORE TYPE, 2018–2023 (USD MILLION)
Continued…
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