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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

New Monitoring Network for Scottish Ports

Historically, ferry masters operating off the west coast of Scotland would have to sail to a port and on arrival visually assess the weather and tide conditions

New Imagery Allows Viewers to ‘Tour’ WWII Shipwrecks

High-tech underwater cameras help uncovering the secrets of HMAS Sydney   A recent expedition to survey historic World War II shipwrecks has produced a wealth

PPG Debuts New Antifoulings

Low-friction, self-lubricating coatings use patented technology to deliver reduced fuel consumption and improved tolerance to idle time.   PPG Protective and

Offshore

Petrobras hands over Campos basin stake to PetroRio

Petrobras today signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell.

Damen, AMELS sell YSV with Heli Hanger

The sale of a new 69-metre Yacht Support vessel marks the next level of development for the successful Yacht Support range built by DAMEN in cooperation with Dutch luxury yacht builder AMELS.

Golar Moves Ahead with lucrative FLNG Project in Cameroon

Golar LNG Limited inform that with regards the signing of a Heads of Agreement with Societe Nationale de Hydrocarbures ("SNH") and Perenco Cameroon ("Perenco")

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.2473 sec (4 req/sec)