• Cat-intel
  • MedIntelliX
  • Consulting
  • Resources
  • About Us
  • News
  • Careers
  • Contact Us
  • Login
    • Hero Background
    English
    Chinese
    French
    Japanese
    Korean
    German
    Spanish

    Submarine Power Cable Market Size

    ID: MRFR/E&P/4981-CR
    117 Pages
    Anshula Mandaokar
    June 2021

    Submarine Power Cable Market Research Report Information By Type (AC, DC), By Core Type (Single Core, Multi-Core), By Insulation Type (Cross-Linked Polyethylene (XLPE), Ethylene Propylene Rubber (EPR)), By Voltage (Up to 66 KV, 66 KV-220 KV, Above 220 KV), By Conductor Material (Copper, Aluminum), By End-Use (Offshore Wind Power Generation, Offshore Oil & Gas, Island Connection, Wave & ...

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Submarine Power Cable Market Infographic

    Purchase Options

    $ 4,950.0
    $ 5,950.0
    $ 7,250.0
    Compare License
    Summary Table of Contents Segmentation Download PDF

    Submarine Power Cable Size

    Submarine Power Cable Market Growth Projections and Opportunities

    However, the submarine power cable market is driven by numerous elements that cumulatively determine its performance and evolution. The main factor is the growing need for reliable and efficient transfer of energy in underwater conditions. While countries try to increase their renewable energy capacities, there is a necessity of submarine cables that run offshore wind farms connected with onshore grid in this regard has increased greatly. This increase in renewable projects together with the global push towards cleaner sources of power works as a significant growth indicator for this market. Moreover, the increasing international energy trade has accentuated the need for submarine power cables. These cables are essential in power networks that span over borders as they enable the import and export of electricity between countries. Integration of regional power systems is considered to be a rational step aiming at the efficient use of energy resources, increased energy security and development a more cohesive interdependent global system. The market is also influenced by the technological advancements in submarine cable design and manufacturing. Innovative systems like the HVDC technology have revolutionized submarine power cables to be more efficient and lesser costly. HVDC systems are used for long-distance power transmission as a market trend. The development of innovative insulation materials and better methods for laying down cables also contributes to the overall effectiveness and dependability associated with submarine power lines, affecting their buying choices. Additionally, the submarine power cable market relies on government policies and regulatory frameworks. Governments play a vital role in the design of the energy structure, and policies favoring renewable projects as well as cross-border trade enable positive conditions for market growth. It is also necessary to guarantee regulatory stability and provide unambiguous guidelines on submarine cable installation and maintenance, which are the very conditions that ensure investments coming into projects. The submarine power cable market is also driven by the economic terrain. Infrastructure development, industrialization and urbanization are economic factors that make the demand for electricity. With the development of economies, so will be growth in demand for reliable and efficient power transmission which is met with raising installation of submarine power cables to meet rising energy needs. Contrastingly, market barriers like high first setup price and the nature of submarine cable projects can affect the growth. However, the capital-intensive nature of these projects often entails large upfront investments that can serve as a barrier to prospective investors and developers. Further, the situation with underwater cable installation and maintenance is complicated by technical difficulties that demand specific skills.

    Submarine Power Cable Market Size Graph
    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

    Get In Touch

    Leave a Comment

    FAQs

    How much is the Submarine Power Cable market?

    The Submarine Power Cable Market size was valued at USD 10.70 Billion in 2021.

    What is the growth rate of the Submarine Power Cable market?

    The global market is projected to grow at a CAGR of 9.4% during the forecast period, 2022-2030.

    Which region held the largest market share in the Submarine Power Cable market?

    Europe had the largest share in the global market

    Who are the key players in the Submarine Power Cable market?

    The key players in the market are Nexans SA, Prysmian Group and others.

    Which type led the Submarine Power Cable market?

    The multi-core category dominated the market in 2021.

    Which conductor material had the largest market share in the Submarine Power Cable market?

    The aluminium had the largest share in the global market.

    Market Summary

    As per MRFR analysis, the Submarine Power Cable Market Size was estimated at 14.4 USD Billion in 2024. The Submarine Power Cable industry is projected to grow from 15.76 USD Billion in 2025 to 38.77 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 9.42 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Submarine Power Cable Market is poised for substantial growth driven by renewable energy integration and technological advancements.

    • North America remains the largest market for submarine power cables, driven by extensive offshore wind projects.
    • Asia-Pacific is emerging as the fastest-growing region, fueled by increasing investments in renewable energy infrastructure.
    • The Single Core segment dominates the market, while the Multi-Core segment is experiencing rapid growth due to its efficiency in energy transmission.
    • Key market drivers include the rising demand for renewable energy and the expansion of international interconnectors, supported by government initiatives.

    Market Size & Forecast

    2024 Market Size 14.4 (USD Billion)
    2035 Market Size 38.77 (USD Billion)
    CAGR (2025 - 2035) 9.42%
    Largest Regional Market Share in 2024 Europe

    Major Players

    <p>Nexans (FR), Prysmian Group (IT), General Cable (US), Sumitomo Electric Industries (JP), LS Cable & System (KR), ABB (CH), Siemens (DE), Telefónica (ES), Mitsubishi Electric (JP)</p>

    Market Trends

    The Submarine Power Cable Market is currently experiencing a transformative phase, driven by the increasing demand for renewable energy sources and the need for efficient power transmission across vast distances. As nations strive to meet their energy needs sustainably, the deployment of submarine cables has become a pivotal solution. These cables facilitate the connection of offshore wind farms and other renewable energy installations to the mainland grid, thereby enhancing energy security and reliability. Furthermore, advancements in cable technology are enabling longer transmission distances and improved efficiency, which may further stimulate market growth. In addition to renewable energy integration, the Submarine Power Cable Market is influenced by the rising investments in interconnectors between countries. These interconnectors allow for the exchange of electricity, promoting energy trading and enhancing grid stability. The increasing focus on reducing carbon emissions and transitioning to cleaner energy sources appears to be a driving force behind these investments. Moreover, the market is likely to benefit from government initiatives aimed at expanding infrastructure and supporting innovative technologies. Overall, the Submarine Power Cable Market seems poised for substantial growth as it adapts to the evolving energy landscape and addresses the challenges of modern power distribution.

    Renewable Energy Integration

    The integration of renewable energy sources into the power grid is a prominent trend within the Submarine Power Cable Market. As countries prioritize sustainability, the demand for submarine cables to connect offshore wind farms and solar installations to onshore grids is increasing. This trend reflects a broader shift towards cleaner energy solutions.

    International Interconnectors

    The development of international interconnectors is gaining traction in the Submarine Power Cable Market. These interconnectors facilitate electricity exchange between nations, enhancing energy security and promoting cross-border energy trading. This trend is likely to foster collaboration among countries in their energy strategies.

    Technological Advancements

    Technological advancements in cable design and materials are shaping the Submarine Power Cable Market. Innovations are leading to cables that can transmit power over longer distances with reduced losses. This trend indicates a move towards more efficient and reliable power transmission solutions.

    The ongoing transition towards renewable energy sources is driving an unprecedented demand for submarine power cables, which are essential for connecting offshore wind farms to the grid and facilitating energy transfer across vast distances.

    U.S. Department of Energy

    Submarine Power Cable Market Market Drivers

    Rising Energy Demand and Urbanization

    The increasing energy demand driven by urbanization is a significant factor influencing the Submarine Power Cable Market. As populations grow and urban areas expand, the need for reliable and efficient energy transmission becomes paramount. Submarine power cables are essential for connecting remote energy sources, such as offshore wind farms, to densely populated regions. The International Energy Agency projects that global electricity demand will rise by 30% by 2040, further underscoring the necessity for robust submarine cable infrastructure. This trend indicates that the Submarine Power Cable Market will likely experience heightened activity as stakeholders seek to address the challenges posed by rising energy consumption and urban development.

    Increasing Demand for Renewable Energy

    The rising emphasis on renewable energy sources is a primary driver for the Submarine Power Cable Market. As nations strive to meet their energy needs sustainably, the integration of offshore wind farms and solar energy systems becomes crucial. Reports indicate that the offshore wind capacity is expected to reach over 200 GW by 2030, necessitating robust submarine power cables for efficient energy transmission. This shift towards renewables not only supports energy security but also aligns with global climate goals, thereby propelling the demand for submarine power cables. The Submarine Power Cable Market is likely to witness substantial growth as investments in renewable infrastructure increase, creating opportunities for manufacturers and service providers in this sector.

    Government Initiatives and Policy Support

    Government initiatives and supportive policies play a pivotal role in shaping the Submarine Power Cable Market. Many countries are implementing regulations and incentives to promote renewable energy projects, which often require submarine cables for effective energy transmission. For example, various governments are setting ambitious targets for offshore wind energy, which necessitates the deployment of extensive submarine cable networks. The commitment to reducing carbon emissions and enhancing energy infrastructure is likely to result in increased funding and support for submarine cable projects. This favorable policy environment is expected to stimulate growth in the Submarine Power Cable Market, attracting investments and fostering innovation.

    Technological Innovations in Cable Design

    Technological advancements in cable design and manufacturing are transforming the Submarine Power Cable Market. Innovations such as high-voltage direct current (HVDC) technology enable the transmission of electricity over long distances with minimal losses. The introduction of advanced materials and insulation techniques enhances the durability and efficiency of submarine cables. As a result, the market is witnessing a shift towards more efficient and reliable cable systems. The Submarine Power Cable is projected to grow at a CAGR of approximately 10% over the next few years, driven by these technological improvements. This trend suggests that companies investing in R&D for cable technology will likely gain a competitive edge in the Submarine Power Cable Market.

    Expansion of International Interconnectors

    The development of international interconnectors is significantly influencing the Submarine Power Cable Market. These interconnectors facilitate the exchange of electricity between countries, enhancing energy security and market efficiency. For instance, projects like the North Sea Wind Power Hub aim to connect multiple countries through a network of submarine cables, potentially delivering up to 70 GW of electricity. Such initiatives not only promote cross-border electricity trade but also optimize the use of renewable energy resources. The increasing number of interconnector projects indicates a growing recognition of the strategic importance of submarine power cables in achieving energy transition goals, thereby driving market growth.

    Market Segment Insights

    By Type: Single Core (Largest) vs. Multi-Core (Fastest-Growing)

    <p>In the Submarine Power Cable Market, the market share is predominantly held by Single Core cables, known for their robustness and efficiency in high-voltage applications. This segment is favored for long-distance power transmission, leading to its substantial presence in underwater installations. Multi-Core cables, while having a smaller share, are gaining traction due to their flexibility and ability to facilitate multiple connections in a single laying operation.</p>

    <p>Cable Type: Single Core (Dominant) vs. Multi-Core (Emerging)</p>

    <p>Single Core cables are designed for high-capacity transmission, making them the dominant choice for large-scale offshore wind farms and interconnection projects, ensuring minimal losses over great distances. Conversely, Multi-Core cables are emerging as a versatile solution, catering to the increasing demand for complex marine applications. They allow for multiple circuits within a single cable, reducing installation time and costs. As technology advances, Multi-Core cables are expected to evolve, further enhancing their value in intricate electrical systems, thereby positioning themselves as a crucial component for modern submarine power grid configurations.</p>

    By Insulation Type: Cross-linked polyethylene (XLPE) (Largest) vs. Ethylene propylene rubber (EPR) (Fastest-Growing)

    <p>In the Submarine Power Cable Market, the insulation type segment exhibits distinct characteristics with two prominent players: Cross-linked polyethylene (XLPE) and Ethylene propylene rubber (EPR). XLPE stands out as the dominant choice among manufacturers and utilities due to its superior thermal properties, electrical insulation capabilities, and resistance to environmental stress. This insulation type successfully captures a substantial portion of the market share thanks to its established reputation and extensive utilization in various underwater applications. Conversely, Ethylene propylene rubber (EPR) is emerging rapidly, gaining traction amongst industry stakeholders. While it occupies a smaller market share currently, EPR is recognized for its flexibility and effectiveness in harsh underwater environments. This inherent adaptability drives its adoption in new submarine cable projects, signifying a trend towards more versatile materials that can handle the complexities of deep-sea installations.</p>

    <p>Insulation Types: XLPE (Dominant) vs. EPR (Emerging)</p>

    <p>Cross-linked polyethylene (XLPE) is recognized as the dominant insulation type in the Submarine Power Cable Market, characterized by its exceptional performance in high-voltage applications. XLPE cables offer substantial advantages, including lower dielectric losses and excellent mechanical strength, making them suitable for long-distance power transmission under sea conditions. As such, they are widely chosen by utility companies for the reliability and efficiency required in their installations. On the other hand, Ethylene propylene rubber (EPR) is gaining recognition as an emerging insulation type due to its remarkable flexibility and resilience against thermal and electrical stresses. EPR is particularly favored in scenarios involving complex cable configurations or installation in unpredictable environments. Its unique qualities cater to a growing market demand for innovative solutions, paving the way for EPR's acceptance in next-generation submarine power cables.</p>

    By Conductor Material: Copper (Largest) vs. Aluminum (Fastest-Growing)

    <p>In the Submarine Power Cable Market, the conductor material segment showcases a significant divide between copper and aluminum. Copper continues to lead in terms of market share due to its superior conductivity, durability, and reliability, making it the preferred choice for many high-capacity applications. On the other hand, aluminum is gaining momentum, particularly in cost-sensitive projects, owing to its lightweight properties and lower material cost. As a result, the market dynamics are shifting, with copper maintaining its dominance while aluminum emerges as a viable alternative in various applications.</p>

    <p>Conductor Material: Copper (Dominant) vs. Aluminum (Emerging)</p>

    <p>Copper is widely recognized as the dominant conductor material in submarine power cables, esteemed for its exceptional electrical conductivity, mechanical strength, and resistance to corrosion. This makes it ideal for long-distance power transmission under the sea, where performance reliability is crucial. In contrast, aluminum is positioned as an emerging choice, particularly in applications that prioritize cost efficiency without excessively compromising on performance. Although aluminum has a lower conductivity than copper, its lightweight nature and lower price point make it attractive for certain projects, especially as advancements in manufacturing processes aim to enhance its performance capabilities. This competitive dynamic brings both materials to the forefront of the submarine power cable market.</p>

    By End Use: Offshore Wind Power Generation (Largest) vs. Offshore Oil & Gas (Fastest-Growing)

    <p>The Submarine Power Cable Market's end-use segment reveals a dynamic landscape dominated by Offshore Wind Power Generation, which accounts for the largest market share. This segment has seen significant investment and infrastructural development, reflecting the global shift towards renewable energy sources. In comparison, Offshore Oil & Gas, although currently smaller in share, is emerging rapidly due to substantial capital flowing into oil extraction and gas transportation projects that require robust and reliable submarine cable technology. As the world leans towards sustainability, growth trends indicate a marked increase in investments in Offshore Wind Power Generation, propelled by governmental incentives and technology advancements. Simultaneously, Offshore Oil & Gas is experiencing a boost, fueled by the rising demand for energy and the need for innovative solutions to enhance resource extraction efficiency. This trend highlights a robust competition between traditional energy sources and emerging renewables in the submarine power cable landscape.</p>

    <p>Offshore Wind Power Generation: Dominant vs. Offshore Oil & Gas: Emerging</p>

    <p>Offshore Wind Power Generation stands as the dominant force in the submarine power cable market, reflecting the global transition towards sustainable energy solutions. This segment is characterized by large-scale projects and strategic investments, enabling the deployment of extensive wind farms located far from the shore. In contrast, the Offshore Oil & Gas segment is emerging as a critical player, driven by increasing energy demands and the necessity for advanced connectivity solutions in maritime operations. While Offshore Wind Power is often seen as the future of energy, Offshore Oil & Gas remains relevant due to its established infrastructure and ongoing technological enhancements. Both segments showcase distinct characteristics, with Offshore Wind Power focusing on renewable energy and Offshore Oil & Gas prioritizing efficiency and innovation.</p>

    By Voltage: 66 KV-220 KV (Largest) vs. Above 220 KV (Fastest-Growing)

    <p>In the Submarine Power Cable Market, the voltage segments reveal a diverse distribution of market share. The segment for 66 KV-220 KV holds the largest share, owing to its extensive use in medium to high voltage applications, bridging the gap between utility and renewable energy projects. This segment caters predominantly to offshore wind farms and power interconnections, solidifying its market leadership. The Above 220 KV segment, while smaller in the share, is rapidly gaining traction due to increasing investments in high-capacity transmission systems, particularly those aimed at supporting energy demands from large-scale offshore wind developments.</p>

    <p>Voltage: 66 KV-220 KV (Dominant) vs. Above 220 KV (Emerging)</p>

    <p>The 66 KV-220 KV segment is recognized as the dominant player in the Submarine Power Cable Market, characterized by its reliable performance in transferring medium to high voltages for underwater applications. This segment meets the rising needs of energy utilities and offshore renewable projects, ensuring efficient energy flow. Conversely, the Above 220 KV segment is emerging, driven by the escalating demand for robust infrastructure to accommodate high-capacity transmission. This demand is propelled by global initiatives towards renewable energy, emphasizing the necessity for advanced and resilient submarine cables capable of handling greater capacities, thereby enhancing grid connectivity and stability.</p>

    Get more detailed insights about Submarine Power Cable Market Research Report—Global Forecast till 2032

    Regional Insights

    North America : Innovation and Infrastructure Growth

    North America is witnessing significant growth in the submarine power cable market, driven by increasing investments in renewable energy and offshore wind projects. The region holds approximately 35% of the global market share, making it the largest market. Regulatory support, such as tax incentives for renewable energy projects, further fuels demand. The U.S. and Canada are the primary contributors to this growth, with a focus on enhancing grid connectivity and energy security. The competitive landscape in North America is characterized by the presence of major players like General Cable and ABB, which are actively involved in large-scale projects. The U.S. market is particularly robust, with states like California and Texas leading in offshore wind initiatives. Additionally, partnerships between government and private sectors are fostering innovation in cable technology, ensuring that the region remains at the forefront of submarine cable advancements.

    Europe : Leading in Renewable Energy Initiatives

    Europe is emerging as a powerhouse in the submarine power cable market, driven by ambitious renewable energy targets and cross-border electricity interconnections. The region accounts for approximately 30% of the global market share, making it the second-largest market. Regulatory frameworks, such as the European Green Deal, are catalyzing investments in offshore wind farms and interconnectors, enhancing energy security and sustainability across member states. Countries like the United Kingdom, Germany, and France are leading the charge, with significant projects underway to expand their submarine cable networks. Key players such as Prysmian Group and Siemens are heavily involved in these initiatives, ensuring the region's competitive edge. The collaborative efforts among EU nations to integrate renewable energy sources are further solidifying Europe's position as a leader in submarine power cable technology.

    Asia-Pacific : Emerging Markets and Investments

    The Asia-Pacific region is rapidly developing its submarine power cable market, driven by increasing energy demands and investments in renewable energy projects. This region holds approximately 25% of the global market share, with countries like Japan and South Korea leading the way. Government initiatives aimed at enhancing energy security and reducing carbon emissions are key drivers of this growth, alongside the rising demand for electricity in emerging economies. Japan and South Korea are at the forefront, with major players like Sumitomo Electric Industries and LS Cable & System actively participating in large-scale projects. The competitive landscape is evolving, with a focus on technological advancements and sustainability. Additionally, partnerships between governments and private sectors are fostering innovation, ensuring that the region can meet its growing energy needs while transitioning to greener solutions.

    Middle East and Africa : Resource-Rich and Emerging Markets

    The Middle East and Africa region is witnessing a burgeoning submarine power cable market, driven by increasing investments in energy infrastructure and renewable projects. This region holds approximately 10% of the global market share, with countries like South Africa and the UAE leading the charge. Regulatory support for renewable energy initiatives is catalyzing growth, as governments seek to diversify their energy sources and enhance grid connectivity. South Africa is focusing on expanding its renewable energy capacity, while the UAE is investing heavily in offshore wind projects. Key players such as Nexans and ABB are establishing a presence in the region, contributing to the competitive landscape. The collaboration between public and private sectors is essential for driving innovation and ensuring that the region can meet its energy demands sustainably.

    Key Players and Competitive Insights

    The Submarine Power Cable Market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for renewable energy sources and the expansion of offshore wind farms. Key players such as Nexans (France), Prysmian Group (Italy), and Sumitomo Electric Industries (Japan) are strategically positioning themselves through innovation and regional expansion. These companies are not only enhancing their product offerings but are also focusing on sustainable practices, which appears to be a significant driver of competitive advantage in this sector. Their collective strategies suggest a trend towards greater collaboration and technological advancement, shaping a market that is increasingly interconnected and responsive to global energy needs.

    In terms of business tactics, companies are localizing manufacturing to reduce costs and optimize supply chains, which is particularly crucial given the global nature of submarine cable projects. The market structure is moderately fragmented, with several key players exerting influence over regional markets. This fragmentation allows for a variety of competitive strategies, as companies seek to differentiate themselves through technological innovation and customer service excellence.

    In August 2025, Prysmian Group (Italy) announced the launch of a new high-capacity submarine cable designed specifically for offshore wind applications. This strategic move not only reinforces Prysmian's commitment to renewable energy but also positions the company to capture a larger share of the growing offshore wind market. The introduction of this advanced cable technology is likely to enhance operational efficiency and reduce installation times, thereby providing a competitive edge.

    In September 2025, Nexans (France) secured a significant contract for the supply of submarine cables for a major interconnection project in the North Sea. This contract underscores Nexans' strategic focus on expanding its footprint in the European energy market. By successfully executing such high-profile projects, Nexans is likely to strengthen its reputation as a leader in the submarine cable sector, while also contributing to the region's energy transition goals.

    In July 2025, Sumitomo Electric Industries (Japan) announced a partnership with a leading renewable energy firm to develop innovative cable solutions for offshore wind farms. This collaboration is indicative of a broader trend towards strategic alliances in the industry, as companies recognize the need to pool resources and expertise to meet the increasing demands of the energy transition. Such partnerships may enhance technological capabilities and accelerate the development of next-generation submarine cables.

    As of October 2025, the competitive trends in the Submarine Power Cable Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming more prevalent, reflecting a shift towards collaborative innovation. The competitive landscape is evolving from a focus on price-based competition to one that emphasizes technological differentiation, reliability in supply chains, and sustainable practices. This evolution suggests that companies that prioritize innovation and adaptability will likely emerge as leaders in the future.

    Key Companies in the Submarine Power Cable Market market include

    Industry Developments

    Jan. 2020 PT. PLN (Indonesia) has given Furukawa Electric Co., Ltd. a contract to provide engineering, procurement, and construction services for the construction of the 150kV underwater cable Sumatera-Bangka. The business would be able to grow its cable operations in Indonesia as a result.

    Feb. 2022 A Memorandum of Understanding was signed by the independent cable construction and operator Inligo Networks and Indonesian telecommunications company Indostat Ooredoo Hutchison to develop an 18,000 km submarine cable connecting Indonesia, Singapore, Australia, Japan, and the United States.

    In May 2023 Sumitomo Electric announces its plans to establish a new power cable factory in UK for supporting the goal of UK government of achieving Net zero 2050. Sumitomo Electric announced on 27th April 2023 to establish a new Power Cable factory in the Scottish Highlands, UK to support UK Government’s goal to achieve Net zero 2050.

    December 2023- Prysmian Group, a leading Cables manufacturer, has attained a €630m ($674.81m) order from Italian transmission system operator Terna's subsidiary for its Adriatic Link project, a 1GW submarine interconnection project in the Adriatic Sea. Prysmian will propose, supply, deploy, and commission the submarine interconnection, which can transfer 1GW of energy between Italy's central-southern and central-northern areas. The high-voltage direct current bipolar cable line will expand for 250km and is anticipated to enhance the safety and strength of the country's electricity transmission grid. Total financing for the project is predicted to be €1.3 billion.

    Terna international development director Giacomo Donnini stated that the Adriatic Link retains deliberate significance for the incorporation of renewable sources, therefore contributing to the decarbonization of the Italian energy system.

    In April 2023, Sumitomo Electric Industries, Ltd. announced plans to establish a new Power Cable factory (high voltage cable manufacturing plant) in the Scottish Highlands to support the UK Government's goal to achieve Net zero in 2050.

    In April 2023, Nexans successfully finalized the acquisition of Reka kaapeli oy, a leading Finnish manufacturer of high, medium, and low voltage cables, as part of its strategy to become a key player in electrification and contribute to carbon neutrality by 2030.

    In April 2020, Prysmian Group completed the brand integration process after acquiring General Cable. The company introduced a multi-brand strategy and updated its visual identity and logos.

    In October 2021, the Japanese IT conglomerate NEC announced plans to build a large submarine cable with 4 crore fiber optics for Facebook. The submarine will have 24 fiber pairs with a maximum bandwidth of 500 maps. Most countries have laws in place to protect underwater cables from harm because they are an important part of their economies. For example, the Australian Communication and Media Authority (ACMA) has established safety zones to prevent activities that could disrupt the cables that connect Australia and the rest of the world. It also legalizes new submarine cable installations.

    In 2018, Europe's new offshore wind farm investments totaled EUR 10.3 billion, representing almost 24% of the total new power investments and a 37% increase from the 2017 levels. The United Kingdom financed USD 5.9 billion of wind investments in total, representing 22% of total financing activity for the construction of new onshore and offshore wind farms.

    In 2023, UK businesses, led by BAE Systems, Rolls-Royce, and Babcock, secured USD 4.28 billion in contracts for the Detailed Design and Long Leads (D2L2) Phase, marking a milestone in the AUKUS program. The contracts will advance the design, prototyping, and procurement of main long-lead components for the first UK submarines, supporting thousands of skilled jobs and bolstering the domestic supply chain. The submarines, known as SSN-AUKUS, will replace the Astute-Class vessels and be the largest, most advanced attack submarines ever operated by the Royal Navy.

    Construction will primarily occur in Barrow-in-Furness, with the aim of service entry in the late 2030s.

    Future Outlook

    Submarine Power Cable Market Future Outlook

    <p>The Submarine Power Cable Market is projected to grow at a 9.42% CAGR from 2024 to 2035, driven by renewable energy expansion, offshore wind projects, and increasing interconnectivity demands.</p>

    New opportunities lie in:

    • <p>Investment in advanced cable manufacturing technologies to enhance efficiency.</p>
    • <p>Development of hybrid cable systems integrating power and data transmission.</p>
    • <p>Strategic partnerships with renewable energy firms for joint project ventures.</p>

    <p>By 2035, the Submarine Power Cable Market is expected to be robust, driven by technological advancements and strategic collaborations.</p>

    Market Segmentation

    Submarine Power Cable Market Type Outlook

    • Single Core
    • Multi-Core

    Submarine Power Cable Market End Use Outlook

    • Offshore Wind Power Generation
    • Offshore Oil & Gas
    • Island Connection
    • Wave & Tidal Power Generation

    Submarine Power Cable Market Voltage Outlook

    • Up to 66 KV
    • 66 KV-220 KV
    • Above 220 KV

    Submarine Power Cable Market Insulation Type Outlook

    • Cross-linked polyethylene (XLPE)
    • Ethylene propylene rubber (EPR)

    Submarine Power Cable Market Conductor Material Outlook

    • Copper
    • Aluminum

    Report Scope

    MARKET SIZE 202414.4(USD Billion)
    MARKET SIZE 202515.76(USD Billion)
    MARKET SIZE 203538.77(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)9.42% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for renewable energy sources drives expansion in the Submarine Power Cable Market.
    Key Market DynamicsRising demand for renewable energy drives investment in submarine power cable infrastructure and technological advancements.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Anshula Mandaokar
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith
    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
    View All

    FAQs

    How much is the Submarine Power Cable market?

    The Submarine Power Cable Market size was valued at USD 10.70 Billion in 2021.

    What is the growth rate of the Submarine Power Cable market?

    The global market is projected to grow at a CAGR of 9.4% during the forecast period, 2022-2030.

    Which region held the largest market share in the Submarine Power Cable market?

    Europe had the largest share in the global market

    Who are the key players in the Submarine Power Cable market?

    The key players in the market are Nexans SA, Prysmian Group and others.

    Which type led the Submarine Power Cable market?

    The multi-core category dominated the market in 2021.

    Which conductor material had the largest market share in the Submarine Power Cable market?

    The aluminium had the largest share in the global market.

    1. EXECUTIVE SUMMARY
    2. GLOBAL SUBMARINE POWER
    3. CABLE MARKET, BY TYPE
      1. TYPE
    4. GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION
    5. GLOBAL SUBMARINE POWER CABLE MARKET, BY VOLTAGE
    6. GLOBAL
    7. SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL
    8. GLOBAL SUBMARINE
    9. POWER CABLE MARKET, BY END-USE
      1. REGION
    10. GLOBAL SUBMARINE POWER CABLE MARKET, BY
    11. MARKET INTRODUCTION
      1. DEFINITION
      2. SCOPE OF THE STUDY
      3. RESEARCH OBJECTIVE
      4. MARKET STRUCTURE
    12. RESEARCH METHODOLOGY
      1. RESEARCH PROCESS
      2. PRIMARY RESEARCH
      3. SECONDARY RESEARCH
      4. MARKET SIZE ESTIMATION
      5. FORECAST MODEL
      6. LIST OF ASSUMPTIONS
    13. MARKET DYNAMICS
      1. INTRODUCTION
      2. DRIVERS
        1. RISING NUMBER
        2. INCREASING DEMAND IN OFFSHORE OIL & GAS OPERATIONS
      3. OF OFFSHORE WIND FARMS
      4. RESTRAINTS
        1. HIGH INSTALLATION COST AND REPAIRING COMPLEXITY
        2. GROWING DEMAND FOR INTERCOUNTRY AND ISLAND POWER CONNECTIONS
      5. 4.4
      6. OPPORTUNITIES
      7. IMPACT ANALYSIS OF COVID-19
        1. IMPACT ON OVERALL POWER INDUSTRY
        2. IMPACT ON THE SUBMARINE CABLE MARKET
      8. 4.5.3
    14. IMPACT ON SUPPLY CHAIN OF SUBMARINE CABLE MARKET
      1. KEY RAW MATERIALS
      2. CABLE
      3. 4.5.5
      4. IMPACT ON PRICING OF SUBMARINE CABLE
    15. PRICE VARIATION OF
    16. PRODUCTION SHUTDOWN
    17. CASH FLOW CONSTRAINTS
    18. IMPACT ON IMPORT/EXPORT
    19. IMPACT ON THE MARKET DEMAND FOR SUBMARINE
    20. IMPACT DUE TO LOCKDOWN
    21. CONSUMER SENTIMENTS
    22. MARKET FACTOR ANALYSIS
      1. SUPPLY
    23. CHAIN ANALYSIS
      1. COMPONENT SUPPLY
      2. ENTRANTS
      3. BUYERS
    24. DESIGN & DEVELOPMENT
    25. RAW MATERIAL &
    26. MANUFACTURE & ASSEMBLY
    27. DISTRIBUTION
    28. END USE
      1. PORTER’S FIVE FORCES MODEL
        1. THREAT OF NEW
        2. BARGAINING POWER OF SUPPLIERS
        3. BARGAINING POWER OF
        4. THREAT OF SUBSTITUTES
        5. RIVALRY
    29. GLOBAL SUBMARINE
    30. POWER CABLE MARKET, BY TYPE
      1. OVERVIEW
      2. SINGLE CORE
      3. MULTI
      4. CORE
    31. GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE
      1. OVERVIEW
      2. CROSS-LINKED POLYETHYLENE (XLPE)
      3. ETHYLENE PROPYLENE RUBBER (EPR)
    32. GLOBAL SUBMARINE POWER CABLE MARKET, BY VOLTAGE
      1. OVERVIEW
      2. UP
      3. TO 66 KV
      4. 66 KV – 220 KV
      5. ABOVE 220 KV
    33. GLOBAL SUBMARINE
    34. POWER CABLE MARKET, BY CONDUCTOR MATERIAL
      1. OVERVIEW
      2. COPPER
      3. 9.3
      4. ALUMINUM
    35. GLOBAL SUBMARINE POWER CABLE MARKET, BY END-USE
      1. OVERVIEW
      2. OFFSHORE WIND POWER GENERATION
      3. OFFSHORE OIL & GAS
      4. 10.4
      5. ISLAND CONNECTION
      6. WAVE AND TIDAL POWER GENERATION
    36. GLOBAL SUBMARINE
    37. POWER CABLE MARKET, BY REGION
      1. OVERVIEW
      2. NORTH AMERICA
        1. CANADA
        2. MEXICO
      3. 11.2.1
      4. US
      5. ASIA-PACIFIC
        1. CHINA
        2. JAPAN
        3. MALAYSIA
        4. INDONESIA
        5. REST OF ASIA-PACIFIC
      6. EUROPE
        1. GERMANY
        2. UK
        3. NORWAY
        4. THE NETHERLANDS
        5. REST OF EUROPE
      7. 11.4.4
      8. DENMARK
      9. MIDDLE
        1. SAUDI ARABIA
        2. UAE
        3. ANGOLA
        4. REST OF MIDDLE EAST & AFRICA
      10. EAST & AFRICA
      11. SOUTH AMERICA
        1. BRAZIL
        2. ARGENTINA
        3. REST OF SOUTH AMERICA
    38. COMPETITIVE LANDSCAPE
      1. COMPETITIVE OVERVIEW
      2. COMPETITIVE BENCHMARKING
      3. MARKET
    39. SHARE ANALYSIS
    40. COMPANY PROFILES
      1. PRYSMIAN GROUP
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. SWOT ANALYSIS
        5. KEY STRATEGIES
        6. COMPANY OVERVIEW
        7. FINANCIAL OVERVIEW
        8. PRODUCTS
        9. KEY DEVELOPMENTS
        10. SWOT ANALYSIS
        11. KEY STRATEGIES
      2. OVERVIEW
      3. 13.1.4
      4. KEY DEVELOPMENTS
      5. 13.2
      6. NEXANS
      7. OFFERED
      8. NKT A/S
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. KEY DEVELOPMENTS
        4. SWOT ANALYSIS
      9. 13.3.3
      10. PRODUCTS OFFERED
      11. 13.3.6
      12. KEY STRATEGIES
      13. FURUKAWA ELECTRIC CO., LTD.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      14. LS CABLE & SYSTEM
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      15. LTD
      16. OFFERED
      17. SUMITOMO ELECTRIC INDUSTRIES, LTD.
        1. COMPANY OVERVIEW
        2. PRODUCTS OFFERED
        3. KEY DEVELOPMENTS
      18. 13.6.2
      19. FINANCIAL OVERVIEW
      20. ZTT
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. KEY DEVELOPMENTS
      21. 13.7.3
      22. PRODUCTS OFFERED
      23. HENGTONG GROUP CO., LTD.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
      24. QINGDAO HANHE CABLE CO., LTD.
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
      25. OVERVIEW
      26. 13.9.4
      27. KEY DEVELOPMENTS
      28. FUJITSU
        1. COMPANY OVERVIEW
        2. FINANCIAL
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
      29. OVERVIEW
      30.  
    41. LIST OF TABLES
    42. LIST OF ASSUMPTIONS
    43. GLOBAL SUBMARINE
    44. POWER CABLE: MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    45. GLOBAL SUBMARINE POWER CABLE: MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    46. GLOBAL SUBMARINE POWER CABLE: MARKET
      1. ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      2. TABLE 5
    47. GLOBAL SUBMARINE POWER CABLE: MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL,
    48. GLOBAL SUBMARINE POWER CABLE: MARKET
      1. ESTIMATES & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
      2. TABLE 7
    49. GLOBAL SUBMARINE POWER CABLE MARKET, BY REGION, 2023–2032 (USD MILLION)
    50. NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2023–2032
      1. (USD MILLION)
    51. NORTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    52. NORTH AMERICA:
    53. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    54. NORTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    55. NORTH AMERICA:
    56. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    57. NORTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    58. US: SUBMARINE
    59. POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    60. US: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    61. US: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      2. TABLE 17
    62. US: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL,
    63. US: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    64. CANADA:
    65. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    66. CANADA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    67. CANADA:
    68. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    69. CANADA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    70. CANADA:
    71. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE, 2023–2032
      1. (USD MILLION)
    72. MEXICO: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    73. MEXICO: SUBMARINE
    74. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    75. MEXICO: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    76. MEXICO: SUBMARINE
    77. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    78. MEXICO: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    79. ASIA-PACIFIC:
    80. SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
      1. TABLE
    81. ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE,
    82. ASIA-PACIFIC: SUBMARINE POWER CABLE
    83. MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    84. ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY VOLTAGE, 2023–2032 (USD MILLION)
    85. ASIA-PACIFIC: SUBMARINE
    86. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    87. ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    88. CHINA: SUBMARINE
    89. POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    90. CHINA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    91. CHINA: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      2. TABLE 38
    92. CHINA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL,
    93. CHINA: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
      2. TABLE 40
    94. JAPAN: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    95. JAPAN: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    96. JAPAN:
    97. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    98. JAPAN: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    99. JAPAN:
    100. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE, 2023–2032
      1. (USD MILLION)
    101. MALAYSIA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    102. MALAYSIA: SUBMARINE
    103. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    104. MALAYSIA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    105. MALAYSIA: SUBMARINE
    106. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    107. MALAYSIA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    108. INDONESIA: SUBMARINE
    109. POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    110. INDONESIA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY
      1. INSULATION TYPE, 2023–2032 (USD MILLION)
    111. INDONESIA: SUBMARINE
    112. POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    113. INDONESIA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY
      1. CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    114. INDONESIA: SUBMARINE
    115. POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    116. REST OF ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY TYPE, 2023–2032 (USD MILLION)
    117. REST OF ASIA-PACIFIC: SUBMARINE
    118. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    119. REST OF ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    120. REST OF
    121. ASIA-PACIFIC: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR
      1. MATERIAL, 2023–2032 (USD MILLION)
    122. REST OF ASIA-PACIFIC: SUBMARINE
    123. POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    124. EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2023–2032 (USD
      1. MILLION)
    125. EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY TYPE, 2023–2032 (USD MILLION)
    126. EUROPE: SUBMARINE POWER CABLE
    127. MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    128. EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE,
    129. EUROPE: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    130. EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE,
    131. GERMANY: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    132. GERMANY:
    133. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    134. GERMANY: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    135. GERMANY: SUBMARINE
    136. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    137. GERMANY: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    138. UK: SUBMARINE
    139. POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    140. UK: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    141. UK: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      2. TABLE 74
    142. UK: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL,
    143. UK: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    144. NORWAY:
    145. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    146. NORWAY: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    147. NORWAY:
    148. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    149. NORWAY: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    150. NORWAY:
    151. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE, 2023–2032
      1. (USD MILLION)
    152. DENMARK: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    153. DENMARK: SUBMARINE
    154. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    155. DENMARK: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    156. DENMARK: SUBMARINE
    157. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    158. DENMARK: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END-USE, 2023–2032 (USD MILLION)
    159. THE NETHERLANDS:
    160. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    161. THE NETHERLANDS: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
      2. TABLE 88
    162. THE NETHERLANDS: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE,
    163. THE NETHERLANDS: SUBMARINE POWER CABLE
    164. MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    165. THE NETHERLANDS: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY END-USE, 2023–2032 (USD MILLION)
    166. REST OF EUROPE: SUBMARINE
    167. POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    168. REST OF EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY INSULATION TYPE, 2023–2032 (USD MILLION)
    169. REST OF EUROPE:
    170. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    171. REST OF EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
      2. TABLE
    172. REST OF EUROPE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END-USE,
    173. MIDDLE EAST & AFRICA: SUBMARINE
    174. POWER CABLE MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
    175. MIDDLE
    176. EAST & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE,
    177. MIDDLE EAST & AFRICA: SUBMARINE
    178. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    179. MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      2. TABLE 100
      3. MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      4. BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    180. MIDDLE EAST
    181. & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END USE,
    182. SAUDI ARABIA: SUBMARINE POWER CABLE
    183. MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
      1. TABLE
    184. SAUDI ARABIA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    185. SAUDI ARABIA: SUBMARINE POWER
    186. CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    187. SAUDI ARABIA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    188. SAUDI ARABIA:
    189. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END USE, 2023–2032
      1. (USD MILLION)
    190. UAE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY TYPE, 2023–2032 (USD MILLION)
    191. UAE: SUBMARINE POWER CABLE
    192. MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    193. UAE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE,
    194. UAE: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
      2. TABLE
    195. UAE: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END USE, 2023–2032
      1. (USD MILLION)
    196. ANGOLA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    197. ANGOLA: SUBMARINE
    198. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    199. ANGOLA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
    200. ANGOLA: SUBMARINE
    201. POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032
      1. (USD MILLION)
    202. ANGOLA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END USE, 2023–2032 (USD MILLION)
    203. REST OF MIDDLE
    204. EAST & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE,
    205. REST OF MIDDLE EAST & AFRICA: SUBMARINE
    206. POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION TYPE, 2023–2032
      1. (USD MILLION)
    207. REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE
    208. MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      1. TABLE
    209. REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    210. REST
      1. OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      2. BY END USE, 2023–2032 (USD MILLION)
    211. SOUTH AMERICA: GLOBAL SUBMARINE
    212. POWER CABLE MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
    213. SOUTH
    214. AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    215. SOUTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES
      1. & FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
      2. TABLE 125
    216. SOUTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE,
    217. SOUTH AMERICA: SUBMARINE POWER CABLE
    218. MARKET ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    219. SOUTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST,
      1. BY END USE, 2023–2032 (USD MILLION)
    220. BRAZIL: SUBMARINE POWER
    221. CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
    222. BRAZIL: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY INSULATION
      1. TYPE, 2023–2032 (USD MILLION)
    223. BRAZIL: SUBMARINE POWER CABLE
    224. MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032 (USD MILLION)
      1. TABLE
    225. BRAZIL: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY CONDUCTOR
      1. MATERIAL, 2023–2032 (USD MILLION)
    226. BRAZIL: SUBMARINE POWER CABLE
    227. MARKET ESTIMATES & FORECAST, BY END USE, 2023–2032 (USD MILLION)
      1. TABLE
    228. ARGENTINA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2032
      1. (USD MILLION)
    229. ARGENTINA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY INSULATION TYPE, 2023–2032 (USD MILLION)
    230. ARGENTINA:
    231. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    232. ARGENTINA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    233. ARGENTINA:
    234. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY END USE, 2023–2032
      1. (USD MILLION)
    235. REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY TYPE, 2023–2032 (USD MILLION)
      2. TABLE 139
      3. REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY
      4. INSULATION TYPE, 2023–2032 (USD MILLION)
    236. REST OF SOUTH AMERICA:
    237. SUBMARINE POWER CABLE MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2023–2032
      1. (USD MILLION)
    238. REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET
      1. ESTIMATES & FORECAST, BY CONDUCTOR MATERIAL, 2023–2032 (USD MILLION)
    239. REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET ESTIMATES &
      1. FORECAST, BY END USE, 2023–2032 (USD MILLION)
    240. PRYSMIAN GROUP:
      1. PRODUCTS OFFERED
    241. PRYSMIAN GROUP: KEY DEVELOPMENTS
      1. TABLE 145
      2. NEXANS: PRODUCTS OFFERED
    242. NEXANS: KEY DEVELOPMENTS
      1. TABLE 147
      2. NKT A/S: PRODUCTS OFFERED
    243. NKT A/S: KEY DEVELOPMENTS
      1. TABLE 149
      2. FURUKAWA ELECTRIC CO., LTD.: PRODUCTS OFFERED
    244. FURUKAWA ELECTRIC CO.,
      1. LTD.: KEY DEVELOPMENTS
    245. LS CABLE & SYSTEM LTD.: PRODUCTS OFFERED
    246. LS CABLE & SYSTEM LTD.: KEY DEVELOPMENTS
    247. SUMITOMO
      1. ELECTRIC INDUSTRIES, LTD.: PRODUCTS OFFERED
    248. SUMITOMO ELECTRIC INDUSTRIES,
      1. LTD.: KEY DEVELOPMENTS
    249. ZTT: PRODUCTS OFFERED
    250. ZTT:
      1. KEY DEVELOPMENTS
    251. HENGTONG GROUP CO., LTD.: PRODUCTS OFFERED
      1. TABLE
    252. HENGTONG GROUP CO., LTD.: KEY DEVELOPMENTS
    253. QINGDAO HANHE CABLE
      1. CO., LTD.: PRODUCTS OFFERED
    254. QINGDAO HANHE CABLE CO., LTD.: KEY DEVELOPMENTS
    255. FUJITSU: PRODUCTS OFFERED
      1.  
    256. LIST OF FIGURES
      1. FIGURE
    257. MARKET SYNOPSIS
    258. GLOBAL SUBMARINE POWER CABLE MARKET ANALYSIS, BY
      1. TYPE
    259. GLOBAL SUBMARINE POWER CABLE MARKET ANALYSIS, BY INSULATION TYPE
    260. GLOBAL SUBMARINE POWER CABLE MARKET ANALYSIS, BY VOLTAGE
      1. FIGURE
    261. GLOBAL SUBMARINE POWER CABLE MARKET ANALYSIS, BY CONDUCTOR MATERIAL
      1. FIGURE
    262. GLOBAL SUBMARINE POWER CABLE MARKET ANALYSIS, BY END-USE
    263. GLOBAL
    264. SUBMARINE POWER CABLE MARKET ANALYSIS, BY REGION
    265. GLOBAL SUBMARINE
      1. POWER CABLE MARKET: STRUCTURE
    266. RESEARCH PROCESS
    267. TOP-DOWN
      1. & BOTTOM-UP APPROACHES
    268. DRO ANALYSIS: GLOBAL SUBMARINE POWER CABLE
      1. MARKET
    269. SUPPLY CHAIN ANALYSIS: GLOBAL SUBMARINE POWER CABLE MARKET
    270. PORTER'S FIVE FORCES ANALYSIS: GLOBAL SUBMARINE POWER CABLE MARKET
    271. GLOBAL SUBMARINE POWER CABLE MARKET, BY TYPE, 2032 (% SHARE)
      1. FIGURE
    272. GLOBAL SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE, 2032 (% SHARE)
      1. FIGURE
    273. GLOBAL SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2032 (% SHARE)
      1. FIGURE 17
    274. GLOBAL SUBMARINE POWER CABLE MARKET, BY CONDUCTOR MATERIAL, 2032 (% SHARE)
      1. FIGURE
    275. GLOBAL SUBMARINE POWER CABLE MARKET, BY END-USE, 2032 (% SHARE)
      1. FIGURE 19
    276. GLOBAL SUBMARINE POWER CABLE MARKET, BY REGION, 2032 (% SHARE)
    277. BENCHMARKING
      1. OF MAJOR COMPETITORS
    278. GLOBAL SUBMARINE POWER CABLES MARKET SHARE ANALYSIS,
    279. PRYSMIAN GROUP: FINANCIAL OVERVIEW SNAPSHOT
    280. PRYSMIAN
      1. GROUP: SWOT ANALYSIS
    281. NEXANS: FINANCIAL OVERVIEW SNAPSHOT
      1. FIGURE
    282. NEXANS: SWOT ANALYSIS
    283. NKT A/S: FINANCIAL OVERVIEW SNAPSHOT
    284. NKT A/S: SWOT ANALYSIS
    285. FURUKAWA ELECTRIC CO., LTD.: FINANCIAL
      1. OVERVIEW SNAPSHOT
    286. FURUKAWA ELECTRIC CO., LTD.: SWOT ANALYSIS
      1. FIGURE
    287. LS CABLE & SYSTEM LTD.: FINANCIAL OVERVIEW SNAPSHOT
    288. LS CABLE
      1. & SYSTEM LTD.: SWOT ANALYSIS
    289. SUMITOMO ELECTRIC INDUSTRIES, LTD.:
      1. FINANCIAL OVERVIEW SNAPSHOT
    290. FUJITSU: FINANCIAL OVERVIEW SNAPSHOT

    Submarine Power Cable Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Get Free Sample

    Related Reports

    Regional Reports
    Country Reports

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne

    Founder
    Case Study
    Chemicals and Materials
    Global Magnesium Sulfate Market – Forecast till 2027