Subsea Cables Demand Good News for Supply Sector

Press Release
Sunday, December 23, 2012

More than 1,100 new submarine electricity cable systems are planned from 2012 to 2020, according to a new market research report.

The small and highly specialized high-voltage submarine cable market is expected to see significant growth in the coming years. National governments and regional organizations are accelerating efforts to build offshore renewable power generation facilities, link remote landmasses, and interconnect their national grids. According to a recent report from Pike Research , a part of Navigant’s Energy Practice, more than 1,100 new submarine electricity cable systems are planned from 2012 to 2020.

“The high-voltage submarine market faces significant challenges moving forward,” says senior research director Bob Gohn. “The current supply chain is only capable of fulfilling about half of the planned cables over the next five years. The submarine cable manufacturing market has steep barriers to entry, and is unlikely to grow by leaps and bounds in the coming five years. Thus, nearly all aspects of the existing market are likely to face delays, increased costs, and other difficulties.”

Faced with these realities, submarine transmission project developers are beginning their conversations with cable suppliers early in the planning stages, according to the report. Cables that do not get their place in the production line will face increased costs that could easily push projects over budget. Additional market players, or increased capacity from existing players, would allow the submarine power cable industry to come significantly closer to meeting the high demand in their extremely specialized market.

The report, “Submarine Electricity Transmission” , provides a comprehensive analysis of the worldwide market opportunity for submarine high-voltage DC and AC power cable projects, including an assessment of demand drivers and supply chain dynamics, both now and in the years ahead.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Denmark Adopts Digital Ship Certification

As of June 24, 2016, ships flying the Danish flag are being digitally certified, making Denmark one of the first countries to put an end to the 100-year-old tradition

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

US Navy Accepts Delivery of Future USS Montgomery

The U.S. Navy has accepted delivery of future USS Montgomery (LCS 8) during a ceremony on June 23 at the Austal USA shipyard in Mobile, Ala.   Marking the official

Offshore

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Subsea 7 Announces PLSV Swap off Brazil

Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.   The agreement will see the Subsea-7-owned

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0750 sec (13 req/sec)