Title: Submarine Power Cable Market Technology 2019: Business Growth, Trend and Forecast 2025
1 Global Submarine Power Cable Market Technology
2019 Business Growth, Trend and Forecast 2025
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2Global Market Scenario of Electric Capacitor
Industry
- The size of Submarine Power Cable Market demand
was anticipated as 1.5 billion in the year 2018
and is predicted to touch 3 billion till 2025, as
per the research done by Global Market Insights,
Inc. - With continuous developments in the offshore oil
and gas sector along with groundbreaking subsea
cable technologies, submarine power cable market
is poised to witness a remarkable growth over the
coming years. Today, several power suppliers and
governments are shifting their preferences toward
renewable energy sources like offshore wind power
and even oil gas companies are adopting new
procedures to improve efficiency, reduce costs,
and exploit new fields. - Growing number of renewable energy projects and
escalating penetration across other submarine
applications will offer considerable boost to
submarine power cable industry outlook.
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3Continue-
- Expanding number of offshore wind farms and
electrification of offshore oil and gas platforms
has led to augmented research activities and
tremendous progress has been made in quality of
power cables. With the advent of subsea cables,
it becomes extremely easy to connect oil
platforms to mainland power grids. It also
enables timely monitoring and surveillance to
reinforce the business development and management
of almost all activities in the ocean. Booming
energy sector worldwide will immensely propel the
revenue graph of submarine power cable industry
from the demand of advanced and more reliable
subsea cables. - A submarine power cable had been deployed
recently between Montenegro and Italy under an
investment of EUR 1.15 billion that will allow
Montenegro to develop as an energy hub for the
Balkan countries. The project has already fetched
more than EUR 600 million for local businesses in
Montenegro. Such developments would create
abundant opportunities for oil gas companies
and other suppliers, attracting significant
investments in the energy sector, for renewable
sources and digitization. The surge in
installation of submarine electrical cables to
supply power and emergence of more advanced
techniques will thrust global submarine power
cable market share.
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4Submarine Power Cable Market Size, By Voltage,
2019 2025 (USD Million)
Browse Complete Summary of this report _at_
https//www.gminsights.com/industry-analysis/subma
rine-power-cable-market
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5360 Industry Analysis
- Europe submarine power cable market, in 2018
surpassed USD 2.5 billion. The industry is
determined by rapid enhancements toward an
efficient transmission infrastructure favored by
rising electricity consumption across emerging
regions. As per IEA, the global energy demand, in
2018, escalated by 4, infusing a value-added
proposition across the subsea business portfolio.
In addition, strict norms subject to efficient
electricity transmission along with growing
cross-border power trade will thrust the business
scenario. - Eminent market participants include ZTT, Nexans,
Kelani cables, KEI Industries, Prysmian,
Furukawa, NKT, LS Cable Systems, TF Kable,
Sumitomo Electric, ABB, Intertek Group, Ningbo
Orient wires and Hengtong Marine Cable Systems.
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6Industry Background
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7- Competitive Analysis
- ZTT
- Nexans
- Kelani cables
- KEI Industries
- Prysmian
- Furukawa
- NKT
- LS Cable Systems
- TF Kable
- Sumitomo Electric
- ABB
- Intertek Group
- Ningbo Orient wires
- Browse Complete Summary of this report _at_
https//www.gminsights.com/industry-analysis/subma
rine-power-cable-market
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com