Submarine Electricity Cable Systems News

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.