With unprecedented offshore wind parks’ installation and interconnection of national electric grids, the popularity of high-performance submarine power cables has soared. Growing environment concern has led to soaring demand for submarine cables. For instance, power suppliers and governments are heavily relying upon renewable energy sources such as off-shore wind power. Moreover, oil and gas companies are replacing local generation on platforms with power feeding from the mainland. These ... Read more
The submarine power cable market is estimated to be valued at USD 16.56 billion by 2023, at a CAGR of 15.32% from 2018 to 2023. Submarine power cables are widely used to connect offshore wind farms to mainland grids. Increasing demand for inter-country and island connection and increasing offshore wind ... Read more
The submarine power cable market is estimated to be valued at USD 16.56 billion by 2023, at a CAGR of 15.32% from 2018 to 2023. Submarine power cables are widely used to connect offshore wind farms to mainland grids. Increasing demand for inter-country and island connection and increasing offshore wind installations in UK, Germany, and China are contributing to the growth of the ... Read more
According to the new market research report “Submarine Power Cable Market by Type (Single, Multicore), Voltage (Medium, High), Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, & Offshore Oil & Gas), and Region - Global Forecast to 2023”, the submarine power cable market is estimated to be ... Read more
