海底電力ケーブル市場の2030年までの予測： タイプ別、導体材料別、電圧別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、世界の海底電力ケーブル市場は2023年に129億米ドルを占め、予測期間中にCAGR 13.5%で成長し、2030年には313億米ドルに達する見込みです。

海底電力ケーブルは、海、海、湖などの水域下で電力を伝送するために設計された特殊な電気ケーブルです。通常、何層もの絶縁材と保護材に包まれたこれらのケーブルは、洋上風力発電所や潮力発電プロジェクトなどの洋上の再生可能エネルギー設備を陸上の送電網に接続するために不可欠です。ケーブルは、大量の電気エネルギーを水中で長距離輸送する上で重要な役割を果たし、海洋の再生可能エネルギー源を広範な電力インフラに統合することを可能にします。

世界風力エネルギー会議（GWEC）によると、2021年には、中国、英国、ドイツ、オランダが世界最大の洋上風力発電市場のひとつとなった。

相互接続プロジェクト

相互接続プロジェクトは海底電力ケーブル市場の重要な促進要因であり、水域を越えた地域間の効率的な送電を促進します。各国が再生可能エネルギーの統合や相互接続送電網の構築にますます力を入れる中、海底電力ケーブルは長距離送電に不可欠なものとなっています。これらのプロジェクトは、洋上風力発電所の開発を支援し、各国の電力網を相互接続することで、エネルギー安全保障と送電網の信頼性を促進します。この需要は、電力資源の共有と最適化の必要性の高まりによってさらに促進され、世界規模で持続可能なエネルギー慣行を推進しています。

限られた寿命

ケーブルの寿命は通常25年から50年です。この制約は、長期的な投資に課題をもたらし、頻繁な交換を必要とするため、メンテナンス費用の増加や送電の中断につながる可能性があります。環境条件、ケーブル設計、材料の劣化などの要因が、この限られた寿命の原因となっています。そのため、海底電力ケーブル市場の利害関係者は、この制約に対処するため、交換や技術の進歩について戦略的に計画を立てる必要があります。

深海鉱業と石油・ガス探査

これらの産業がより深い沖合に進出するにつれて、信頼性が高く効率的な送電がさまざまな作業にとって極めて重要になっています。海底電力ケーブルは、陸上の電力源から海中の遠隔地へのシームレスな送電を可能にし、採鉱や探査活動のエネルギー集約的な要件をサポートします。水中という厳しい環境下での電力接続の必要性が高まっていることから、堅牢で大容量のケーブルの需要が高まると予想されます。このダイナミックな市場は、深海資源に対する世界の関心の高まりと一致しており、これらの産業における持続可能なエネルギー供給に不可欠なインフラ要素となっています。

自然災害

自然災害は、水中ケーブル・インフラに損害を与える可能性があるため、大きな脅威となります。地震、津波、ハリケーンは、ケーブルの断線を引き起こし、サービスの中断や高額な修理費用の発生につながる可能性があります。さらに、海底ケーブルルートの地理的位置は、自然災害が発生しやすい地域と一致することが多く、これらの重要なエネルギー伝送ネットワークが予期せぬ混乱に見舞われやすくなります。洋上再生可能エネルギー・プロジェクトの需要が高まるにつれ、海底送電ケーブルに対する自然災害の潜在的な影響に対処することは、回復力のあるエネルギー送電システムにとって最も重要になります。

COVID-19の影響：

世界サプライチェーンの混乱、労働力不足、プロジェクトの遅延は、海底ケーブルの製造と敷設に支障をきたしています。渡航制限や封鎖がプロジェクトのスケジュールを妨げ、コストと不確実性の増大を招いています。さらに、経済の不確実性は、海底電力ケーブルに依存することが多い再生可能エネルギー・プロジェクトへの投資決定に影響を及ぼしています。課題にもかかわらず、クリーンエネルギーや洋上風力プロジェクトへの需要の高まりが、パンデミック後の海底電力ケーブル市場の回復を促進すると予想されます。

予測期間中はアルミセグメントが最大になる見込み

アルミニウム・セグメントは、その有利な特性により顕著な成長を遂げています。アルミニウムケーブルは、高い導電性、軽量構造、耐腐食性を備えており、海底送電に適した選択肢となっています。水中環境での効率的なエネルギー伝送の需要が高まるにつれ、アルミケーブルの費用対効果と性能特性が市場シェアの拡大に寄与しています。さらに、アルミニウムは豊富であり、代替品に比べて材料コストが低いため、海底送電ケーブルへの採用がさらに進んでいます。

予測期間中、洋上風力発電分野のCAGRが最も高くなる見込み

洋上風力発電分野は、洋上風力発電所の導入が増加していることから、海底電力ケーブル市場の大幅な成長を牽引しています。世界各国がよりクリーンなエネルギー源へと移行する中、洋上風力発電プロジェクトが脚光を浴びています。海底電力ケーブルは、これらのプロジェクトに不可欠なコンポーネントであり、海上で発電された電力を陸上の送電網に送電することを容易にします。再生可能エネルギーへの需要の高まりと洋上風力発電技術の進歩が相まって、海底送電ケーブルの敷設が急増しています。さらに、この動向は洋上風力発電の容量が拡大するにつれて持続すると予想され、洋上風力発電分野の成長における海底電力ケーブルの重要な役割が強調されています。

最大のシェアを占める地域：

北米地域は、信頼性が高く効率的な送電インフラに対する需要の高まりにより、海底電力ケーブル市場で大きな成長を遂げています。大西洋沿岸の洋上風力発電所など、再生可能エネルギープロジェクトへの投資が増加しているため、これらの電源を陸上送電網に接続するための高度な海底ケーブルの必要性が高まっています。さらに、この地域では既存の電力ネットワークのアップグレードと近代化に力を入れているため、島々の相互接続や国境を越えた送電を改善するための海底ケーブル敷設が急増しています。

CAGRが最も高い地域：

アジア太平洋地域は、信頼性が高く効率的な送電インフラへの需要が高まっているため、海底電力ケーブル市場の成長が著しいです。急速な都市化、工業化、再生可能エネルギーへの取り組みが、沿岸地域の電力ネットワークを相互接続する必要性を高めています。中国、インド、日本などの各国政府は、エネルギー安全保障を強化し、再生可能エネルギーの統合を支援するため、海底ケーブル・プロジェクトに多額の投資を行っています。さらに、この地域で急成長している洋上風力エネルギー部門は、洋上風力発電所から陸上送電網に電力を送るための海底電力ケーブルの需要をさらに促進しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の海底電力ケーブル市場：タイプ別

• 交流
• 直流
• コアの種類
  • シングルコア
  • マルチコア
• その他のタイプ

第6章 世界の海底電力ケーブル市場：導体材料別

• 銅
• アルミニウム

第7章 世界の海底電力ケーブル市場：電圧別

• 中電圧
• 高電圧

第8章 世界の海底電力ケーブル市場：エンドユーザー別

• 国-島間接続
• オフショア石油およびガス
• 洋上風力発電
• その他のエンドユーザー

第9章 世界の海底電力ケーブル市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイル

• ABB Ltd
• Furukawa Electric Co Ltd
• KEI Industries Limited
• LS Cable & System Ltd
• Nexans SA
• Ningbo Orient Wires & Cables Co., Ltd
• NKT A/S
• Prysmian Group
• Sumitomo Electric Industries Limited
• TFKable
• ZTT International Limited

List of Tables

• Table 1 Global Submarine Power Cable Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 3 Global Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 4 Global Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 5 Global Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 6 Global Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 7 Global Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 8 Global Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 9 Global Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 10 Global Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 11 Global Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 12 Global Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 13 Global Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 14 Global Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 15 Global Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 16 Global Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 17 Global Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 18 Global Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 19 Global Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 20 North America Submarine Power Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 21 North America Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 22 North America Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 23 North America Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 24 North America Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 25 North America Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 26 North America Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 27 North America Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 28 North America Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 29 North America Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 30 North America Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 31 North America Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 32 North America Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 33 North America Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 34 North America Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 35 North America Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 36 North America Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 37 North America Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 38 North America Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 39 Europe Submarine Power Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 40 Europe Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 41 Europe Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 42 Europe Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 43 Europe Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 44 Europe Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 45 Europe Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 46 Europe Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 47 Europe Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 48 Europe Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 49 Europe Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 50 Europe Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 51 Europe Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 52 Europe Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 53 Europe Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 54 Europe Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 55 Europe Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 56 Europe Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 57 Europe Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 58 Asia Pacific Submarine Power Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 59 Asia Pacific Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 60 Asia Pacific Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 61 Asia Pacific Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 62 Asia Pacific Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 63 Asia Pacific Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 64 Asia Pacific Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 65 Asia Pacific Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 66 Asia Pacific Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 67 Asia Pacific Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 68 Asia Pacific Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 69 Asia Pacific Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 70 Asia Pacific Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 71 Asia Pacific Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 72 Asia Pacific Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 73 Asia Pacific Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 74 Asia Pacific Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 75 Asia Pacific Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 76 Asia Pacific Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 77 South America Submarine Power Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 78 South America Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 79 South America Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 80 South America Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 81 South America Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 82 South America Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 83 South America Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 84 South America Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 85 South America Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 86 South America Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 87 South America Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 88 South America Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 89 South America Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 90 South America Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 91 South America Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 92 South America Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 93 South America Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 94 South America Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 95 South America Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 96 Middle East & Africa Submarine Power Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 97 Middle East & Africa Submarine Power Cable Market Outlook, By Type (2021-2030) ($MN)
• Table 98 Middle East & Africa Submarine Power Cable Market Outlook, By AC (2021-2030) ($MN)
• Table 99 Middle East & Africa Submarine Power Cable Market Outlook, By DC (2021-2030) ($MN)
• Table 100 Middle East & Africa Submarine Power Cable Market Outlook, By Core Type (2021-2030) ($MN)
• Table 101 Middle East & Africa Submarine Power Cable Market Outlook, By Single Core (2021-2030) ($MN)
• Table 102 Middle East & Africa Submarine Power Cable Market Outlook, By Multicore (2021-2030) ($MN)
• Table 103 Middle East & Africa Submarine Power Cable Market Outlook, By Other Types (2021-2030) ($MN)
• Table 104 Middle East & Africa Submarine Power Cable Market Outlook, By Conductor Material (2021-2030) ($MN)
• Table 105 Middle East & Africa Submarine Power Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 106 Middle East & Africa Submarine Power Cable Market Outlook, By Aluminium (2021-2030) ($MN)
• Table 107 Middle East & Africa Submarine Power Cable Market Outlook, By Voltage (2021-2030) ($MN)
• Table 108 Middle East & Africa Submarine Power Cable Market Outlook, By Medium (2021-2030) ($MN)
• Table 109 Middle East & Africa Submarine Power Cable Market Outlook, By High (2021-2030) ($MN)
• Table 110 Middle East & Africa Submarine Power Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 111 Middle East & Africa Submarine Power Cable Market Outlook, By Inter-country and Island Connection (2021-2030) ($MN)
• Table 112 Middle East & Africa Submarine Power Cable Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
• Table 113 Middle East & Africa Submarine Power Cable Market Outlook, By Offshore Wind Power Generation (2021-2030) ($MN)
• Table 114 Middle East & Africa Submarine Power Cable Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Submarine Power Cable Market is accounted for $12.90 billion in 2023 and is expected to reach $31.30 billion by 2030 growing at a CAGR of 13.5% during the forecast period. A submarine power cable is a specialized electrical cable designed for the transmission of electrical power beneath water bodies, such as oceans, seas, or lakes. Typically encased in multiple layers of insulation and protective materials, these cables are essential for connecting offshore renewable energy installations, such as offshore wind farms or tidal energy projects, to onshore power grids. They play a crucial role in transporting large amounts of electrical energy over long distances underwater, enabling the integration of marine-based renewable energy sources into the broader electrical infrastructure.

According to the Global Wind Energy Council (GWEC), in 2021, China, the UK, Germany, and the Netherlands were among the largest offshore wind markets in the world.

Market Dynamics:

Driver:

Interconnection projects

Interconnection projects serve as a key driver for the submarine power cable market, facilitating the efficient transfer of electricity between regions across bodies of water. As nations increasingly focus on integrating renewable energy sources and creating interconnected grids, submarine power cables have become essential for transmitting electricity over long distances. These projects support the development of offshore wind farms and interconnect national power networks, fostering energy security and grid reliability. The demand is further propelled by the growing need to share and optimize power resources, promoting sustainable energy practices on a global scale.

Restraint:

Limited lifespan

The lifespan of these cables typically ranging from 25 to 50 years. This constraint poses challenges for long-term investments and necessitates frequent replacements, leading to increased maintenance costs and potential disruptions in power transmission. Factors such as environmental conditions, cable design, and material degradation contribute to this limited lifespan. As a result, stakeholders in the submarine power cable market must strategically plan for replacements and advancements in technology to address this constraint.

Opportunity:

Deep sea mining and oil & gas exploration

As these industries expand into deeper offshore locations, reliable and efficient power transmission becomes crucial for various operations. Submarine power cables enable the seamless transfer of electricity from onshore sources to remote underwater sites, supporting the energy-intensive requirements of mining and exploration activities. The demand for robust and high-capacity cables is expected to rise, driven by the growing need for power connectivity in challenging underwater environments. This dynamic market aligns with the increasing global focus on deep-sea resources, offering a vital infrastructure component for sustainable energy supply in these industries.

Threat:

Natural disasters

Natural disasters pose a significant threat as they can cause damage to underwater cable infrastructure. Earthquakes, tsunamis, and hurricanes can result in cable breaks, leading to service disruptions and costly repairs. Additionally, the geographical locations of submarine cable routes often coincide with regions prone to natural disasters, increasing the susceptibility of these critical energy transmission networks to unexpected disruptions. As the demand for offshore renewable energy projects grows, addressing the potential impact of natural disasters on submarine power cables becomes paramount for resilient energy transmission systems.

Covid-19 Impact:

Disruptions in global supply chains, workforce shortages, and project delays have hindered the manufacturing and installation of submarine cables. Travel restrictions and lockdowns have impeded project timelines, leading to increased costs and uncertainties. Additionally, economic uncertainties have affected investment decisions in renewable energy projects, which often rely on submarine power cables. Despite challenges, the growing demand for clean energy and offshore wind projects is expected to drive the recovery of the submarine power cable market in the post-pandemic era.

The aluminum segment is expected to be the largest during the forecast period

The aluminum segment has experienced notable growth due to its advantageous properties. Aluminum cables offer high conductivity, lightweight construction, and corrosion resistance, making them a preferred choice for submarine power transmission. As demand for efficient energy transfer across underwater environments rises, the cost-effectiveness and performance characteristics of aluminum cables have contributed to their increasing market share. Additionally, aluminum's abundance and lower material costs compared to alternatives further drive its adoption in submarine power cables.

The offshore wind power generation segment is expected to have the highest CAGR during the forecast period

The offshore wind power generation segment is driving substantial growth in the submarine power cable market due to the increasing deployment of offshore wind farms. As countries globally transition towards cleaner energy sources, offshore wind projects have gained prominence. Submarine power cables are essential components in these projects, facilitating the transmission of electricity generated at sea to onshore grids. The escalating demand for renewable energy, coupled with advancements in offshore wind technology, has led to a surge in the installation of underwater power cables. Furthermore, this trend is expected to persist as offshore wind capacity expands, emphasizing the crucial role of submarine power cables in the growth of the offshore wind power generation sector.

Region with largest share:

The North American region has experienced significant growth in the submarine power cable market, driven by rising demand for reliable and efficient power transmission infrastructure. Increasing investments in renewable energy projects, such as offshore wind farms along the Atlantic coast, have propelled the need for advanced submarine cables to connect these sources to onshore grids. Additionally, the region's focus on upgrading and modernizing existing power networks has led to a surge in submarine cable installations for interconnecting islands and improving cross-border electricity transmission.

Region with highest CAGR:

The Asia-Pacific region is experiencing robust growth in the submarine power cable market due to escalating demand for reliable and efficient power transmission infrastructure. Rapid urbanization, industrialization, and renewable energy initiatives are driving the need for interconnecting power networks across coastal areas. Governments in countries like China, India, and Japan are heavily investing in submarine cable projects to enhance energy security and support renewable energy integration. Furthermore, the burgeoning offshore wind energy sector in the region is further propelling the demand for submarine power cables to transmit electricity from offshore wind farms to onshore grids.

Key players in the market

Some of the key players in Submarine Power Cable market include ABB Ltd, Furukawa Electric Co Ltd, KEI Industries Limited, LS Cable & System Ltd, Nexans SA, Ningbo Orient Wires & Cables Co., Ltd, NKT A/S, Prysmian Group , Sumitomo Electric Industries Limited, TFKable and ZTT International Limited.

Key Developments:

In January 2023, Prysmian Group and Telstra announced an expansion to Prysmian optical cable manufacturing plant In Australia, to build the industry-leading fibre optic cable required for Telstra's intercity fibre network, with advanced technology that aims to reduce the environmental impact of the project. Telstra InfraCo is building the intercity fibre network in response to the ever-growing demands for fast and capable digital networks.

In April 2023, Nexans announced the successful completion of its acquisition of Reka Cables, a premium high, medium and low voltage cables manufacturer in Finland, from Reka Industrial following receipt of regulatory clearance. This acquisition marks an additional milestone of Nexans' ambition to become a pure electrification player committed to contribute to carbon neutrality by 2030, focusing on the overall value chain.

Types Covered:

• AC
• DC
• Core Type
• Other Types

Conductor Materials Covered:

• Copper
• Aluminium

Voltages Covered:

• Medium
• High

End Users Covered:

• Inter-country and Island Connection
• Offshore Oil & Gas
• Offshore Wind Power Generation
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Submarine Power Cable Market, By Type

• 5.1 Introduction
• 5.2 AC
• 5.3 DC
• 5.4 Core Type
  • 5.4.1 Single Core
  • 5.4.2 Multicore
• 5.5 Other Types

6 Global Submarine Power Cable Market, By Conductor Material

• 6.1 Introduction
• 6.2 Copper
• 6.3 Aluminium

7 Global Submarine Power Cable Market, By Voltage

• 7.1 Introduction
• 7.2 Medium
• 7.3 High

8 Global Submarine Power Cable Market, By End User

• 8.1 Introduction
• 8.2 Inter-country and Island Connection
• 8.3 Offshore Oil & Gas
• 8.4 Offshore Wind Power Generation
• 8.5 Other End Users

9 Global Submarine Power Cable Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ABB Ltd
• 11.2 Furukawa Electric Co Ltd
• 11.3 KEI Industries Limited
• 11.4 LS Cable & System Ltd
• 11.5 Nexans SA
• 11.6 Ningbo Orient Wires & Cables Co., Ltd
• 11.7 NKT A/S
• 11.8 Prysmian Group
• 11.9 Sumitomo Electric Industries Limited
• 11.10 TFKable
• 11.11 ZTT International Limited