HV Submarine Cable Market Research Report

Press Release
Thursday, August 09, 2012

Latest Pike Research report focuses on a small & highly specialised market that is due to grow steadily.

Demand for submarine cables is growing steadily as national governments and regional organizations pledge their efforts to expanding offshore renewable power generation, linking remote land masses, and interconnecting their national grids. These projects often involve subsea connections or power generation that is found in offshore wind farms. As cable technology advances, more projects are proposed that require longer, deeper, and higher-capacity cables.

Even the most conservative growth models show that the industry will expand rapidly, but Pike Research's analysis finds that the supply chain will not be capable of meeting the full demand in this growing market.

While there are very few companies that are capable of performing each step in the installation process, from surveying to final installation, the tightest bottleneck in this already constrained supply chain is the cable manufacturers. Only a handful of companies are capable of building the complex cables that are required by this market.

This Pike Research report provides a comprehensive analysis of the worldwide market opportunity for submarine HVDC and HVAC power cable projects, including an assessment of demand drivers and supply chain dynamics, both currently and in the years ahead. The study features in-depth profiles of more than 25 key industry players and case studies of more than 30 notable high-voltage submarine cable projects. Market forecasts are provided for submarine cable projects through 2021, segmented by world region and including three different growth scenarios.

Access to the report is available here.
 


 

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