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 February 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

'World's First Hybrid Superyacht'

Developed by Dutch shipbuilders Feadship, the 83.5m Savannah is touted as the world's first hybrid super yacht. Vessel is 30% more fuel efficient than similar sized counterparts, claims the company.

Offshore

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1283 sec (8 req/sec)