電気水中ケーブルの2030年までの市場予測：ケーブルタイプ、材料、定格電圧、用途、地域別の世界分析

Stratistics MRCによると、電気水中ケーブルの世界市場は2024年に59億米ドルを占め、予測期間中のCAGRは7.1%で2030年には90億5,000万米ドルに達する見込みです。

電気水中ケーブルは、水中機器に電力を伝達するために特別に設計されたケーブルであり、通常、水中またはその他の液体環境にあります。深海調査、石油・ガス生産、水処理施設など、水中ポンプ、モーター、その他の電気機器が水中で機能する治療は、これらのケーブルに依存しています。頑丈で防水性、耐腐食性に優れた設計のため、ケーブルは最も過酷な状況でも確実に機能することが保証されています。極端な圧力、水没、化学品への曝露の可能性に耐えるため、ケーブルには通常、何層ものシールド、絶縁、保護コーティングが施されています。さまざまなセグメントで、電気水中ケーブルは水中電気システムの機能性と安全性を向上させるために不可欠です。

石油・ガス産業における需要の高まり

石油・ガス産業における需要の増加は、沖合や深海での掘削作業で使用される水中ポンプや機器への信頼性の高いパワートランスミッションの必要性を高めることで、電気水中ケーブル市場に大きな影響を与えています。探査・生産活動が拡大するにつれ、特に遠隔地や課題の多い環境では、電気水中ケーブルは大深度の機器に電力を供給するために不可欠です。このため、高性能ケーブルへの投資が促進され、石油・ガスセクターの操業効率と安全性が向上すると同時に、市場の成長も後押ししています。

高い初期コスト

電気水中ケーブルの初期コストが高いため、特に中小企業（SME）や予算が厳しいプロジェクトでの導入が制限され、市場成長の妨げになる可能性があります。特に、資源が限られている地域や、よりコストの低い代替ソリューションが利用できる地域では、高額な設置費用、特殊な材料、先進的製造プロセスが、潜在的な顧客にケーブルへの投資を思いとどまらせる可能性があります。このコスト障壁は、市場の拡大を遅らせる可能性があります。

再生可能エネルギープロジェクトの増加

再生可能エネルギープロジェクト、特に洋上風力発電や潮力発電の増加は、電気水中ケーブルの需要を大きく促進しています。これらのケーブルは、水中タービンから陸上の送電網への送電に不可欠です。再生可能エネルギーへの投資が拡大するにつれ、特にオフショアや水中環境では、特殊で信頼性の高い電気水中ケーブルの必要性が高まっています。過酷な水中環境に耐え、効率的な送電を可能にするケーブルは、サステイナブル市場開拓に不可欠な要素であり、市場の成長を後押ししています。

規制と環境問題

規制・環境問題は、ケーブル材料、設置、廃棄に関する厳しい規制を設けることで、電気水中ケーブル市場の妨げとなっています。特に深海やオフショアアプリケーションでは、環境規制の遵守がプロジェクト期間の遅延や生産コストの上昇を引き起こします。また、ケーブルの劣化や海洋生物の攪乱による環境への影響が懸念され、その結果、規制が強化され、デリケートな生息地での市場の拡大や受け入れが制限されます。

COVID-19の影響

COVID-19パンデミックは、サプライチェーンの遅延、プロジェクトの停止、石油・ガスなどの産業における需要の減少により、電気水中ケーブル市場を一時的に混乱させました。しかし、海洋エネルギー、水管理、石油採掘などの重要なプロジェクトが継続したため、市場は回復力を示しました。パンデミック後の回復は、再生可能エネルギーやインフラへの投資の増加と相まって、電気水中ケーブルの需要を長期的に回復させる原動力となっています。

予測期間中はポリエチレン（PE）セグメントが最大になる見込み

ポリエチレン（PE）セグメントは、その優れた絶縁特性、耐薬品性、過酷な水中環境での耐久性により、予測期間中最大の市場シェアを占めると予想されます。PEは、これらのケーブルの絶縁体や外被の主要材料として使用され、湿気、腐食、機械的ストレスからの保護を記載しています。極端な温度と圧力に耐える能力があるため、深海やオフショアでの用途に最適です。石油・ガスと水産業では、信頼性が高く長持ちするケーブルに対する需要が高まっており、電気水中ケーブルにおけるポリエチレンの使用をさらに後押ししています。

予測期間中、発電セグメントが最も高いCAGRが見込まれる

予測期間中、発電セグメントは、特にオフショアと深海環境における発電所での水中ポンプとモーターへの依存度の増加により、最も高い成長率を示すと予測されます。洋上風力、潮汐、水力発電のような再生可能エネルギー源の需要が高まるにつれ、水中タービンや機器から電力を伝送するための耐久性が高く効率的な電気水中ケーブルの必要性が重要になります。これらのケーブルは信頼性が高く、継続的な発電を保証するため、エネルギーセグメントにおける市場の成長と需要を後押ししています。

最大のシェアを占める地域

予測期間中、北米地域は石油・ガス産業、特にメキシコ湾での海洋掘削活動が盛んで、深海探査用に信頼性の高い水中ケーブルが必要とされるため、最大の市場シェアを占めると予想されます。さらに、海水淡水化や廃水処理を含む水管理システムの需要が増加していることも、水中ポンプのケーブルの必要性を高めています。技術の進歩や洋上風力発電などの再生可能エネルギー事業への投資は、北米市場の成長にさらに貢献しています。

CAGRが最も高い地域

予測期間中、アジア太平洋は工業化の進展、海洋石油・ガス開発の増加、水管理プログラムの拡大により、最も高いCAGRを示すと予測されます。中国、インド、オーストラリアなどの国々は、風力・潮力エネルギー、廃水処理システム、海水淡水化施設などの海洋エネルギープロジェクトに多額の投資を行っています。このセグメントの市場は、厳しい水中環境で機械に電力を供給するための、信頼性が高く効果的な水中ケーブルに対するニーズの高まりにより拡大しています。

無料のカスタマイズサービス

本レポートをご購読の顧客には、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
  • 追加市場参入企業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定・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、戦略的提携による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
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• イントロダクション
• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• 新興市場
• 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 世界の電気水中ケーブル市場：ケーブルタイプ別

• イントロダクション
• ESPフラット電源ケーブル
• ESPラウンド電源ケーブル

第6章 世界の電気水中ケーブル市場：材料別

• イントロダクション
• ポリ塩化ビニル（PVC）
• エチレンプロピレンゴム（EPR）
• ポリエチレン（PE）
• その他

第7章 世界の電気水中ケーブル市場：定格電圧別

• イントロダクション
• 低電圧（LV）
• 中電圧（MV）
• 高電圧（HV）

第8章 世界の電気水中ケーブル市場：用途別

• イントロダクション
• 石油・ガス産業
• 水と廃水管理
• 鉱業
• 発電
• その他

第9章 世界の電気水中ケーブル市場：地域別

• イントロダクション
• 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
  • その他の欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他のアジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他の南米
• 中東・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
  • その他の中東・アフリカ

第11章 主要開発

• 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
• 新製品発売
• 事業拡大
• その他の主要戦略

第12章 企業プロファイリング

• Siemens AG
• Prysmian Group
• Schlumberger Limited
• Borets International Limited
• Halliburton Company
• The Kerite Company
• Jainson Cables, India Pvt. Ltd.
• V-GUARD INDUSTRIES LTD.
• Southwire Company, LLC
• Baker Hughes
• GE Company, LLC
• Nexans SA
• Superstar Cable Industries
• Alkhoorayef Petroleum
• Havells India Ltd.

List of Tables

• Table 1 Global Electric Submersible Cables Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 3 Global Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 4 Global Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 5 Global Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 6 Global Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 7 Global Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 8 Global Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 9 Global Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 10 Global Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 11 Global Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 12 Global Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 13 Global Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 14 Global Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 15 Global Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 16 Global Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 17 Global Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 18 Global Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 19 Global Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 20 North America Electric Submersible Cables Market Outlook, By Country (2022-2030) ($MN)
• Table 21 North America Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 22 North America Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 23 North America Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 24 North America Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 25 North America Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 26 North America Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 27 North America Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 28 North America Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 29 North America Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 30 North America Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 31 North America Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 32 North America Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 33 North America Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 34 North America Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 35 North America Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 36 North America Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 37 North America Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 38 North America Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 39 Europe Electric Submersible Cables Market Outlook, By Country (2022-2030) ($MN)
• Table 40 Europe Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 41 Europe Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 42 Europe Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 43 Europe Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 44 Europe Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 45 Europe Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 46 Europe Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 47 Europe Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 48 Europe Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 49 Europe Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 50 Europe Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 51 Europe Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 52 Europe Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 53 Europe Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 54 Europe Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 55 Europe Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 56 Europe Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 57 Europe Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 58 Asia Pacific Electric Submersible Cables Market Outlook, By Country (2022-2030) ($MN)
• Table 59 Asia Pacific Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 60 Asia Pacific Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 61 Asia Pacific Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 62 Asia Pacific Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 63 Asia Pacific Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 64 Asia Pacific Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 65 Asia Pacific Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 66 Asia Pacific Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 67 Asia Pacific Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 68 Asia Pacific Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 69 Asia Pacific Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 70 Asia Pacific Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 71 Asia Pacific Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 72 Asia Pacific Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 73 Asia Pacific Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 74 Asia Pacific Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 75 Asia Pacific Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 76 Asia Pacific Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 77 South America Electric Submersible Cables Market Outlook, By Country (2022-2030) ($MN)
• Table 78 South America Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 79 South America Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 80 South America Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 81 South America Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 82 South America Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 83 South America Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 84 South America Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 85 South America Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 86 South America Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 87 South America Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 88 South America Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 89 South America Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 90 South America Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 91 South America Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 92 South America Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 93 South America Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 94 South America Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 95 South America Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 96 Middle East & Africa Electric Submersible Cables Market Outlook, By Country (2022-2030) ($MN)
• Table 97 Middle East & Africa Electric Submersible Cables Market Outlook, By Cable Type (2022-2030) ($MN)
• Table 98 Middle East & Africa Electric Submersible Cables Market Outlook, By ESP Flat Power Cable (2022-2030) ($MN)
• Table 99 Middle East & Africa Electric Submersible Cables Market Outlook, By ESP Round Power Cable (2022-2030) ($MN)
• Table 100 Middle East & Africa Electric Submersible Cables Market Outlook, By Material (2022-2030) ($MN)
• Table 101 Middle East & Africa Electric Submersible Cables Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
• Table 102 Middle East & Africa Electric Submersible Cables Market Outlook, By Ethylene Propylene Rubber (EPR) (2022-2030) ($MN)
• Table 103 Middle East & Africa Electric Submersible Cables Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
• Table 104 Middle East & Africa Electric Submersible Cables Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 105 Middle East & Africa Electric Submersible Cables Market Outlook, By Voltage Rating (2022-2030) ($MN)
• Table 106 Middle East & Africa Electric Submersible Cables Market Outlook, By Low Voltage (LV) (2022-2030) ($MN)
• Table 107 Middle East & Africa Electric Submersible Cables Market Outlook, By Medium Voltage (MV) (2022-2030) ($MN)
• Table 108 Middle East & Africa Electric Submersible Cables Market Outlook, By High Voltage (HV) (2022-2030) ($MN)
• Table 109 Middle East & Africa Electric Submersible Cables Market Outlook, By Application (2022-2030) ($MN)
• Table 110 Middle East & Africa Electric Submersible Cables Market Outlook, By Oil & Gas Industry (2022-2030) ($MN)
• Table 111 Middle East & Africa Electric Submersible Cables Market Outlook, By Water & Wastewater Management (2022-2030) ($MN)
• Table 112 Middle East & Africa Electric Submersible Cables Market Outlook, By Mining Industry (2022-2030) ($MN)
• Table 113 Middle East & Africa Electric Submersible Cables Market Outlook, By Power Generation (2022-2030) ($MN)
• Table 114 Middle East & Africa Electric Submersible Cables Market Outlook, By Other Applications (2022-2030) ($MN)

According to Stratistics MRC, the Global Electric Submersible Cables Market is accounted for $5.9 billion in 2024 and is expected to reach $9.05 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Electric Submersible Cables are specifically constructed cables that transfer electrical power to submersible devices, typically in water or other liquid environments. Applications where submersible pumps, motors, and other electrical equipment function underwater, such deep-sea research, oil and gas production, and water treatment facilities, depend on these cables. Because of their robust, waterproof, and corrosion-resistant design, the cables are guaranteed to function dependably even in the most adverse circumstances. To survive extreme pressures, submersion, and possible chemical exposure, they usually have many layers of shielding, insulation, and protective coatings. In many different sectors, electric submersible cables are essential for improving the functionality and security of underwater electrical systems.

Market Dynamics:

Driver:

Growing Demand in Oil and Gas Industry

The growing demand in the oil and gas industry significantly impacts the electric submersible cables market by increasing the need for reliable power transmission to submersible pumps and equipment used in offshore and deepwater drilling operations. As exploration and production activities expand, particularly in remote and challenging environments, electric submersible cables are essential for powering equipment at great depths. This drives investments in high-performance cables, boosting market growth while enhancing operational efficiency and safety in the oil and gas sector.

Restraint:

High Initial Costs

The high initial costs of electric submersible cables can hinder market growth by limiting adoption, particularly in small and medium-sized enterprises (SMEs) or projects with tight budgets. The expensive installation, specialized materials, and advanced manufacturing processes may deter potential customers from investing in these cables, especially in regions with limited resources or where alternative, less costly solutions are available. This cost barrier can slow market expansion.

Opportunity:

Increasing Renewable Energy Projects

The increasing renewable energy projects, especially offshore wind and tidal energy, are significantly driving the demand for electric submersible cables. These cables are essential for transmitting power from underwater turbines to shore-based grids. As renewable energy investments grow, particularly in offshore and submerged environments, the need for specialized, reliable electric submersible cables escalates. Their ability to withstand harsh underwater conditions and facilitate efficient power transmission makes them a crucial component in the development of sustainable, thereby boosting market growth.

Threat:

Regulatory and Environmental Concerns

Regulatory and environmental issues impede the Electric Submersible Cables Market by establishing severe regulations for cable materials, installation, and disposal. Particularly in deepwater and offshore applications, adherence to environmental regulations causes delays in project timeframes and raises production costs. Concerns are also raised about the possible environmental effects of cable deterioration and disturbance of marine life, which results in stronger restrictions and restricts market expansion and acceptance in delicate habitats.

Covid-19 Impact:

The COVID-19 pandemic temporarily disrupted the Electric Submersible Cables Market due to supply chain delays, project halts, and reduced demand in industries like oil and gas. However, the market showed resilience as essential projects in offshore energy, water management, and oil extraction continued. Post-pandemic recovery, coupled with growing investments in renewable energy and infrastructure, is driving a rebound in demand for electric submersible cables in the long term.

The polyethylene (PE) segment is expected to be the largest during the forecast period

The polyethylene (PE) segment is expected to account for the largest market share during the forecast period, due to its excellent insulating properties, chemical resistance, and durability in harsh underwater environments. PE is used as a primary material in the insulation and outer sheath of these cables, providing protection against moisture, corrosion, and mechanical stress. Its ability to withstand extreme temperatures and pressures makes it ideal for deepwater and offshore applications. The growing demand for reliable, long-lasting cables in the oil, gas, and water industries further drives the use of polyethylene in electric submersible cables.

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

Over the forecast period, the power generation segment is predicted to witness the highest growth rate owing to increasing reliance on submersible pumps and motors in power plants, especially in offshore and deepwater environments. As the demand for renewable energy sources like offshore wind, tidal, and hydroelectric power grows, the need for durable and efficient electric submersible cables to transmit electricity from underwater turbines and equipment becomes crucial. These cables ensure reliable, continuous power generation, thereby boosting market growth and demand in the energy sector.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share due to region's strong oil and gas industry, particularly offshore drilling activities in the Gulf of Mexico, which require reliable submersible cables for deepwater exploration. Additionally, the increasing demand for water management systems, including desalination and wastewater treatment, boosts the need for these cables in submersible pumps. Technological advancements and investments in renewable energy projects, such as offshore wind, further contribute to the market's growth in North America.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR because of rising industrialization, increased offshore oil and gas development, and the expansion of water management programs. Nations such as China, India, and Australia are making significant investments in offshore energy projects, including as wind and tidal energy, wastewater treatment systems, and desalination facilities. The market in this area is expanding due to the growing need for dependable, effective submersible cables to power machinery in challenging underwater environments.

Key players in the market

Some of the key players in Electric Submersible Cables market include Siemens AG, Prysmian Group, Schlumberger Limited, Borets International Limited, Halliburton Company, The Kerite Company, Jainson Cables, India Pvt. Ltd., V-GUARD INDUSTRIES LTD., Southwire Company, LLC, Baker Hughes, GE Company, LLC, Nexans SA, Superstar Cable Industries, Alkhoorayef Petroleum and Havells India Ltd.

Key Developments:

In January 2025, Siemens launched Siemens for Startups, a new program to empower early-stage engineering and manufacturing startups. Announced at CES 2025 in Las Vegas, the program will enable new innovative companies to accelerate innovation, while reducing the cost of access to Siemens software and hardware.

In January 2025, Siemens announced an innovative collaboration with Spinnova, a sustainable textile technology company, to help transform the textile industry with sustainable fiber production.

In October 2024, Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software, strengthens its position as a leading technology company and its leadership in industrial software.

Cable Types Covered:

• ESP Flat Power Cable
• ESP Round Power Cable

Materials Covered:

• Polyvinyl Chloride (PVC)
• Ethylene Propylene Rubber (EPR)
• Polyethylene (PE)
• Other Materials

Voltage Ratings Covered:

• Low Voltage (LV)
• Medium Voltage (MV)
• High Voltage (HV)

Applications Covered:

• Oil & Gas Industry
• Water & Wastewater Management
• Mining Industry
• Power Generation
• Other Applications

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 2022, 2023, 2024, 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 Application 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 Electric Submersible Cables Market, By Cable Type

• 5.1 Introduction
• 5.2 ESP Flat Power Cable
• 5.3 ESP Round Power Cable

6 Global Electric Submersible Cables Market, By Material

• 6.1 Introduction
• 6.2 Polyvinyl Chloride (PVC)
• 6.3 Ethylene Propylene Rubber (EPR)
• 6.4 Polyethylene (PE)
• 6.5 Other Materials

7 Global Electric Submersible Cables Market, By Voltage Rating

• 7.1 Introduction
• 7.2 Low Voltage (LV)
• 7.3 Medium Voltage (MV)
• 7.4 High Voltage (HV)

8 Global Electric Submersible Cables Market, By Application

• 8.1 Introduction
• 8.2 Oil & Gas Industry
• 8.3 Water & Wastewater Management
• 8.4 Mining Industry
• 8.5 Power Generation
• 8.6 Other Applications

9 Global Electric Submersible Cables 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

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Siemens AG
• 12.2 Prysmian Group
• 12.3 Schlumberger Limited
• 12.4 Borets International Limited
• 12.5 Halliburton Company
• 12.6 The Kerite Company
• 12.7 Jainson Cables, India Pvt. Ltd.
• 12.8 V-GUARD INDUSTRIES LTD.
• 12.9 Southwire Company, LLC
• 12.10 Baker Hughes
• 12.11 GE Company, LLC
• 12.12 Nexans SA
• 12.13 Superstar Cable Industries
• 12.14 Alkhoorayef Petroleum
• 12.15 Havells India Ltd.