Cable Technology Advances News

HV Submarine Cable Market Research Report

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.