Submarine Power Cable Market by Core Type (Single-core, Multi-core), Voltage (Medium, High), Conductor Material (Copper, Aluminium), End Use (Offshore Wind, Inter-Country & Island Connection, Offshore Oil & Gas), Type and Region - Global Forecast to 2028

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Date: 02-Oct-2023
No. of pages: 183
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“The Submarine Power Cable market is projected to grow at a CAGR of 11.5% from 2023 to 2028”

The Submarine Power Cable market is estimated to grow from USD 12.9 Billion in 2023 to USD 22.3 Billion by 2028; it is expected to record a CAGR of 11.5% during the forecast period. The submarine power cable market is witnessing rapid growth owing to the increasing offshore wind energy installations and the number of projects related to inter-country and island connections.

“Single-core: The largest segment of the Submarine Power Cable market, by core type”

Based on core type, the Submarine power cable market has been split into two types: single core, and multicore. Single-core submarine power cables are specialized electrical cables designed for the transmission of electrical power underwater. During cable installation, single-core cables are generally easier to handle and maneuver compared to multi-core cables. This can lead to cost savings and reduced installation time.

“Inter-country and island connection is expected to emerge as the second largest segment based on end use”

Based on end use,  the submarine power cable market has been segmented into upto offshore wind power generation, inter-country and island connection, and offshore oil & gas. Interconnecting countries and islands through power cables or grids helps enhance energy security and reliability. If one region experiences a power shortage or outage, interconnected grids can supply power from neighboring areas, reducing the risk of blackouts and ensuring a stable energy supply. The expanding interconnection capacities in various countries due to ongoing and prospective investments in the projects is driving this growth.

“Asia Pacific is expected to emerge as the second-largest region based on Submarine Power Cables market”

By region, the Submarine Power Cable market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific is expected to be the second-largest segment in the market. In this region, According to the Global Wind Energy Council (GWEC), the Asia-Pacific region is expected to lead offshore wind growth this decade. China is targeting 1,200 GW of wind energy capacity by 2030, while the Asia-Pacific region as a whole has offshore wind project pipelines totaling 250GW. This ongoing industry activity is one of the trend which is expected to attract fresh investments in the offshore win power generation sector, subsequently driving demand for submarine power cables in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%

  • By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%

  • By Region: North America- 27%, Europe- 20%, Asia Pacific- 25%, and South America- 8% , the Middle East & Africa- 12%,


Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Submarine power cable market is dominated by a few major players that have a wide regional presence. The leading players in the Submarine power cable market are Prysmian S.p.A (Italy), Sumitomo electric industries (Japan), LS Cable & System Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France).

Research Coverage:

The report defines, describes, and forecasts the Submarine Power Cables market, by system type, power rating, grid connectivity, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Submarine Power Cables market.

Key Benefits of Buying the Report


  • Growth of Offshore Wind Farms, and Rise in the growth of Offshore Oil & Gas Operations drive the demand. Factors such as Complexities due to involvement of multi-country government bodies leading to Delays, and High Cost of Installation and Repair of Submarine Cables hinder market growth. Increasing adoption of HVDC submarine power cables offer lucrative opportunities in this market. Requirement of Technical Expertise for Development and installation, Damages caused to cables by human interventions, Supply Chain Disruptions to Pose a Significant Challenge are major challenges faced by countries in this market. 

  • Product Development/ Innovation: New subsea cable technologies are being developed to meet the increasing demand for reliable and efficient energy transmission over long distances underwater. Developments on technologies such as High-Performance Thermoplastic Elastomer (HPTE) insulation are being carried out by companies for increasing demand for reliable and efficient energy transmission across long distances underwater.

  • Market Development: The global scenario of submarine power cable is evolving rapidly, with trends towards growth in the offshore wind energy capacities, and growing inter-country connection projects in countries is driving the market. 

  • Market Diversification: Prysmian Group introduced two new 525 kV extruded land cable systems, one with P-Laser insulation, and the other with XLPE insulation, following a year of qualification testing adhering to international standards These cable systems are designed at higher voltage levels and feature large conductor cross-sections, offering efficient technical solutions for long-distance, high-power transmission while minimizing land usage.

  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Prysmian S.p.A (Italy), Sumitomo electric industries (Japan), LS Cable & System Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France) among others in the Submarine Power Cable market.

Submarine Power Cable Market by Core Type (Single-core, Multi-core), Voltage (Medium, High), Conductor Material (Copper, Aluminium), End Use (Offshore Wind, Inter-Country & Island Connection, Offshore Oil & Gas), Type and Region - Global Forecast to 2028

Table Of Contents

1 Introduction 27
1.1 Study Objectives 27
1.2 Market Definition 27
1.2.1 Inclusions And Exclusions 28
1.2.1.1 Submarine Power Cable Market, By Core Type 28
1.2.1.2 Submarine Power Cable Market, By Type 28
1.2.1.3 Submarine Power Cable Market, By Voltage 28
1.2.1.4 Submarine Power Cable Market, By Conductor Material 28
1.2.1.5 Submarine Power Cable Market, By End Use 29
1.3 Study Scope 29
1.3.1 Markets Covered 29
1.3.2 Regional Scope 30
1.3.3 Years Considered 30
1.4 Currency Considered 30
1.5 Limitations 31
1.6 Stakeholders 31
1.7 Summary Of Changes 31
1.8 Impact Of Recession 32

2 Research Methodology 33
2.1 Research Approach 33
Figure 1 Submarine Power Cable Market: Research Design 33
2.2 Market Breakdown And Data Triangulation 34
Figure 2 Data Triangulation 34
2.2.1 Secondary Data 35
2.2.1.1 Key Data From Secondary Sources 35
2.2.2 Primary Data 35
2.2.2.1 Key Data From Primary Sources 36
2.2.2.2 Breakdown Of Primaries 36
2.3 Scope 37
Figure 3 Main Metrics Considered To Analyze And Assess Demand For Submarine Power Cable 38
2.4 Market Size Estimation 38
2.4.1 Bottom-Up Approach 38
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach 39
2.4.2 Top-Down Approach 40
Figure 5 Market Size Estimation Methodology: Top-Down Approach 40
2.4.3 Demand-Side Analysis 41
2.4.3.1 Regional Analysis 41
2.4.3.2 Country-Level Analysis 42
2.4.3.3 Assumptions For Demand-Side Analysis 42
2.4.3.4 Calculations For Demand-Side Analysis 42
2.4.4 Supply-Side Analysis 43
Figure 6 Key Steps Considered To Assess Supply Of Submarine Power Cable 43
Figure 7 Submarine Power Cable Market: Supply-Side Analysis 43
2.4.4.1 Calculations For Supply-Side Analysis 44
2.4.4.2 Assumptions For Supply-Side Analysis 44
Figure 8 Company Revenue Analysis, 2022 44
2.4.5 Growth Forecast 44
2.5 Research Assumptions 45
2.6 Recession Impact 45

3 Executive Summary 46
Table 1 Snapshot Of Submarine Power Cable Market 46
Figure 9 Single-Core Segment To Hold Larger Market Share During Forecast Period 47
Figure 10 Dc Segment To Display Higher Cagr, By Type, During Forecast Period 48
Figure 11 Copper Segment To Dominate Market Throughout Forecast Period 48
Figure 12 High Voltage Segment To Exhibit Greater Cagr During Forecast Period 49
Figure 13 Offshore Wind Power Generation Segment To Lead Market During Forecast Period 49
Figure 14 Europe Accounted For Largest Share In Global Submarine Power Market In 2022 50

4 Premium Insights 51
4.1 Attractive Opportunities For Players In Submarine Power Cable Market 51
Figure 15 Growing Adoption Of Offshore Solutions And Government Mandates To Favor Market Growth 51
4.2 Asia Pacific: Submarine Power Cable Market, By End Use And Country 52
Figure 16 Industrial Segment And China Held Largest Shares In 2022 52
4.3 Submarine Power Cable Market, By Core Type 52
Figure 17 Single Core Segment To Account For Larger Market Share In 2028 52
4.4 Submarine Power Cable Market, By Type 53
Figure 18 Dc Segment To Dominate Market In 2028 53
4.5 Submarine Power Cable Market, By Conductor Material 53
Figure 19 Aluminum Segment To Claim Larger Market Share In 2028 53
4.6 Submarine Power Cable Market, By Voltage 54
Figure 20 High Voltage Segment To Dominate Market In 2028 54
4.7 Submarine Power Cable Market, By End Use 54
Figure 21 Offshore Wind Power Generation Segment To Capture Largest Market Share In 2028 54

5 Market Overview 55
5.1 Introduction 55
5.2 Market Dynamics 55
Figure 22 Submarine Power Cable Market: Drivers, Restraints, Opportunities, And Challenges 55
5.2.1 Drivers 56
5.2.1.1 Growing Installation Of Offshore Wind Turbines 56
Figure 23 Global Offshore Installations, 2012–2021 57
5.2.1.2 Discoveries Of Reserves And Growing Offshore Production In Developing Economies 57
Table 2 Country-Wise Major Offshore Projects And Contracts 58
5.2.2 Restraints 59
5.2.2.1 Complex Regulatory And Environmental Authorization Procedures 59
5.2.2.2 High Cost Of Installation And Repairing Submarine Cables 59
5.2.3 Opportunities 60
5.2.3.1 Increasing Adoption Of Hvdc Submarine Power Cables 60
Table 3 Region-Wise Data For Hvdc Submarine Cable Projects, 2021–2024 60
5.2.4 Challenges 60
5.2.4.1 Requirement Of Technical Expertise For Developing And Installing Submarine Power Cables 60
5.2.4.2 Damage Caused To Cables By Human Interventions 61
Figure 24 Factors Causing Submarine Power Cable Faults 61
5.2.4.3 Price Variations Of Copper And Aluminum 61
Figure 25 Global Nominal Prices For Aluminum And Copper, 2020-2023 62
5.3 Trends/Disruptions Impacting Customers’ Businesses 62
Figure 26 Revenue Shift And New Revenue Pockets For Players In Submarine Power Cable Market 62
5.4 Technology Analysis 63
5.4.1 Technology Trends Of Submarine Power Cables 63
5.5 Case Study Analysis 63
5.5.1 Australia–Singapore Interconnector Project Fosters Regional Energy Cooperation By Investing In Hvdc Technology 63
5.5.2 Tratos Collaborates With Enel To Develop Specialized Cables With Advanced Insulation Materials 64
5.6 Key Conferences And Events, 2023–2024 64
Table 4 Submarine Power Cable Market: List Of Conferences And Events 64
5.7 Ecosystem Analysis 65
Table 5 Companies And Their Role In Submarine Power Cable Ecosystem 65
Figure 27 Submarine Power Cable Market: Ecosystem Analysis 66
5.8 Value Chain Analysis 67
Figure 28 Submarine Power Cable Market: Value Chain Analysis 67
5.9 Pricing Analysis 68
Figure 29 Average Selling Price Of Submarine Power Cable, By Type 68
Table 6 Average Selling Price Of Submarine Power Cable, By Type 68
Table 7 Average Selling Price Analysis Of Submarine Power Cable, By Region 69
Figure 30 Average Selling Price Of Submarine Power Cable, By Region, 2021–2028 69
5.10 Tariff And Regulatory Landscape 69
5.10.1 Tariff Related To Submarine Power Cable Units 69
Table 8 Average Tariff Data Of Submarine Cables, By Country 70
5.10.2 Regulatory Landscape 71
Table 9 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations 71
Table 10 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations 71
Table 11 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations 72
Table 12 Global: List Of Regulatory Bodies, Government Agencies, And Other Organizations 72
5.10.3 Standards 73
Table 13 North America: Standards/Regulations Related To Submarine Power Cable Market 73
Table 14 South America: Standards/Regulations Related To Submarine Power Cable Market 73
Table 15 Global: Standards/Regulations Related To Submarine Power Cable Market 74
5.11 Patent Analysis 74
Table 16 Submarine Power Cable Market: Innovations And Patent Registrations, 2020–2023 74
5.12 Trade Analysis 77
Figure 31 Import And Export Scenario For Products Under Hs Code: 8544, 2018–2022 77
Table 17 Trade Data For Products Under Hs Code: 8544, 2018–2022 (Usd Thousand) 78
5.13 Porter’s Five Forces Analysis 78
Table 18 Submarine Power Cable Market: Porter’s Five Forces Analysis 78
Figure 32 Submarine Power Cable Market: Porter’s Five Forces Analysis 78
5.13.1 Threat Of Substitutes 79
5.13.2 Bargaining Power Of Suppliers 79
5.13.3 Bargaining Power Of Buyers 79
5.13.4 Threat Of New Entrants 79
5.13.5 Intensity Of Competitive Rivalry 80
5.14 Key Stakeholders And Buying Criteria 80
5.14.1 Key Stakeholders In Buying Process 80
Figure 33 Influence Of Stakeholders On Buying Process For Top Three End Uses 80
Table 19 Influence Of Stakeholders On Buying Process For Top Three By End Uses 80
5.14.2 Buying Criteria 81
Figure 34 Key Buying Criteria For Top Three End Uses 81
Table 20 Key Buying Criteria For Top Three End Uses 81

6 Submarine Power Cable Market, By Core Type 82
6.1 Introduction 83
Figure 35 Submarine Power Cable Market, By Core Type, 2022 83
Table 21 Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 83
6.2 Single-Core 84
6.2.1 Easy Installation And Handling To Drive Demand 84
Table 22 Single-Core: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 84
6.3 Multi-Core 84
6.3.1 Easy Transmission Of High Levels Of Power To Boost Market Growth 84
Table 23 Multi-Core: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 85

7 Submarine Power Cable Market, By Type 86
7.1 Introduction 87
Figure 36 Submarine Power Cable Market, By Type, 2022 87
Table 24 Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 87
7.2 Ac 87
7.2.1 Cost-Effectiveness For Short Distance And Easy Maintenance To Drive Market Growth 87
Table 25 Ac: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 88
7.3 Dc 88
7.3.1 Ability To Facilitate Subsea Power Distribution For Marine Research And Exploration To Spur Demand 88
Table 26 Dc: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 88

8 Submarine Power Cable Market, By Voltage 89
8.1 Introduction 90
Figure 37 Submarine Power Cable Market, By Voltage, 2022 90
Table 27 Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 90
8.2 Medium-Voltage 91
8.2.1 Suitability For Short-Distance Power Transmission To Drive Market 91
Table 28 Medium-Voltage: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 91
8.3 High-Voltage 91
8.3.1 Rising Number Of Offshore Wind Power Installations To Foster Segmental Growth 91
Table 29 High-Voltage: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 92

9 Submarine Power Cable Market, By Conductor Material 93
9.1 Introduction 94
Figure 38 Submarine Power Cable Market, By Conductor Material, 2022 94
Table 30 Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 94
9.2 Copper 95
9.2.1 Robust Tensile Strength And Thermal Conductivity To Foster Segmental Growth 95
Table 31 Characteristics Of Copper And Aluminum 95
Table 32 Copper: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 95
9.3 Aluminum 96
9.3.1 Safe Handling For Long Cable Lengths To Drive Demand 96
Table 33 Aluminum: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 96

10 Submarine Power Cable Market, By End Use 97
10.1 Introduction 98
Figure 39 Submarine Power Cable Market, By End Use, 2022 98
Table 34 Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 98
10.2 Offshore Wind Power Generation 99
10.2.1 Deployment Of Hvdc Cabling To Transmit Power Across Remote Offshore Installations To Boost Segmental Growth 99
Table 35 Country-Wise Data On Offshore Wind Projects, 2022–2027 99
Table 36 Offshore Wind Power Generation: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 100
10.3 Inter-Country & Island Connection 100
10.3.1 Promotion Of Unified Electricity Market To Drive Market 100
Table 37 Region-Wise Data On Submarine Interconnection Projects, 2021–2027 101
Table 38 Inter-Country & Island Connection: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 101
10.4 Offshore Oil & Gas 102
10.4.1 Increasing Subsea Operations And Deepwater Drilling To Fuel Market Growth 102
Table 39 Offshore Oil & Gas: Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 102

11 Submarine Power Cable Market, By Region 103
11.1 Introduction 104
Figure 40 North America To Display Highest Cagr During Forecast Period 104
Figure 41 Europe Dominated Global Submarine Power Cable Market In 2022 104
Table 40 Submarine Power Cable Market, By Region, 2021–2028 (Usd Million) 105
Table 41 Submarine Power Cable Market, By Region, 2021–2028 (Kilometers) 105
11.2 Europe 105
Table 42 Europe Offshore Wind Sites With Grid-Connected Turbines, 2022 106
Figure 42 Europe: Submarine Power Cable Market Snapshot 106
11.2.1 Recession Impact: Europe 107
Table 43 Europe: Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 107
Table 44 Europe: Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 107
Table 45 Europe: Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 107
Table 46 Europe: Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 107
Table 47 Europe: Submarine Power Cable Market, By Country, 2021–2028 (Usd Million) 108
11.2.2 Uk 108
11.2.2.1 Strong Focus To Achieve ‘Net Zero Target’ To Fuel Market 108
Table 48 Uk: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 109
11.2.3 Germany 109
11.2.3.1 Legislations Favoring Development Of Renewable Energy Sector To Fuel Market Growth 109
Table 49 Germany: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 110
11.2.4 Denmark 110
11.2.4.1 Rising Investments To Develop Offshore Wind Energy Projects To Favor Market Growth 110
Table 50 Denmark: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 110
11.2.5 Netherlands 111
11.2.5.1 Promising Investment Opportunities For Players In Offshore Wind Sector To Foster Market Growth 111
Table 51 Netherlands: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 111
11.2.6 Norway 111
11.2.6.1 Key Players Making Significant Investments In Offshore Oil And Gas Industry To Drive Market 111
Table 52 Norway: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 112
11.2.7 France 112
11.2.7.1 Growing Emphasis On Developing Energy Sector To Drive Market Growth 112
Table 53 France: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 112
11.2.8 Rest Of Europe 113
Table 54 Rest Of Europe: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 113
11.3 Asia Pacific 114
Figure 43 Asia Pacific: Submarine Power Cable Market Snapshot 115
11.3.1 Recession Impact: Asia Pacific 115
Table 55 Asia Pacific: Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 116
Table 56 Asia Pacific: Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 116
Table 57 Asia Pacific: Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 116
Table 58 Asia Pacific: Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 116
Table 59 Asia Pacific: Submarine Power Cable Market, By Country, 2021–2028 (Usd Million 117
11.3.2 China 117
11.3.2.1 Increased Focus On Achieving Carbon Neutrality To Drive Market 117
Table 60 China: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 117
11.3.3 Japan 118
11.3.3.1 Rising Government-Led Initiatives To Protect Undersea Cables To Drive Market 118
Table 61 Japan: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 118
11.3.4 South Korea 118
11.3.4.1 Ongoing Developments In Offshore Wind Sector To Fuel Market Growth 118
Table 62 South Korea: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 119
11.3.5 Malaysia 119
11.3.5.1 Rise In Offshore Oil & Gas Explorations To Drive Market 119
Table 63 Malaysia: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 119
11.3.6 Indonesia 120
11.3.6.1 Development Of New Offshore Projects To Foster Market Growth 120
Table 64 Indonesia: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 120
11.3.7 Vietnam 120
11.3.7.1 Subsequent Increase In Offshore Wind Energy Capacity To Boost Market Growth 120
Table 65 Vietnam: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 121
11.3.8 Rest Of Asia Pacific 121
Table 66 Rest Of Asia Pacific: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 121
11.4 North America 122
11.4.1 Recession Impact: North America 122
Table 67 North America: Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 122
Table 68 North America: Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 122
Table 69 North America: Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 123
Table 70 North America: Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 123
Table 71 North America: Submarine Power Cable Market Size, By End Use, 2021–2028 (Usd Million) 123
Table 72 North America: Submarine Power Cable Market, By Country, 2021–2028 (Usd Million) 123
11.4.2 Us 124
11.4.2.1 Implementation Of Comprehensive Strategies By Department Of Energy To Boost Market 124
Table 73 Us: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 124
11.4.3 Canada 124
11.4.3.1 Government-Led Initiatives To Promote And Support Clean Economy With Renewable Energy Technologies To Fuel Market Growth 124
Table 74 Canada: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 125
11.4.4 Mexico 125
11.4.4.1 Large And Diverse Renewable Energy Resource Base To Offer Lucrative Opportunities To Players 125
Table 75 Mexico: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 125
11.5 Middle East & Africa 126
11.5.1 Recession Impact: Middle East & Africa 126
Table 76 Middle East & Africa: Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 126
Table 77 Middle East & Africa: Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 126
Table 78 Middle East & Africa: Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 127
Table 79 Middle East & Africa: Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 127
Table 80 Middle East & Africa: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 127
Table 81 Middle East & Africa: Submarine Power Cable Market, By Country, 2021–2028 (Usd Billion) 127
11.5.2 Saudi Arabia 128
11.5.2.1 Significant Presence Of Productive Onshore Oilfields To Drive Market 128
Table 82 Saudi Arabia: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 128
11.5.3 Uae 128
11.5.3.1 Implementation Of Enhanced Oil Recovery (Eor) Technique In Oil Fields To Surge Demand 128
Table 83 Uae: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 129
11.5.4 Angola 129
11.5.4.1 Rising Focus On Exploring And Producing Offshore Crude Oil And Natural Gas To Fuel Market Growth 129
Table 84 Angola: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 129
11.5.5 Rest Of Middle East & Africa 130
Table 85 Rest Of Middle East & Africa: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 130
11.6 South America 130
11.6.1 Recession Impact: South America 130
Table 86 South America: Submarine Power Cable Market, By Core Type, 2021–2028 (Usd Million) 131
Table 87 South America: Submarine Power Cable Market, By Type, 2021–2028 (Usd Million) 131
Table 88 South America: Submarine Power Cable Market, By Voltage, 2021–2028 (Usd Million) 131
Table 89 South America: Submarine Power Cable Market, By Conductor Material, 2021–2028 (Usd Million) 131
Table 90 South America: Submarine Power Cable Market Size, By End Use, 2021–2028 (Usd Million) 132
Table 91 South America: Submarine Power Cable Market, By Country, 2021–2028 (Usd Million) 132
11.6.2 Brazil 132
11.6.2.1 Growing Offshore Exploration And Oil Production Activities To Drive Market 132
Table 92 Brazil: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 133
11.6.3 Argentina 133
11.6.3.1 Rising Government Investments For Offshore Gas Production Venture To Drive Market 133
Table 93 Argentina: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 133
11.6.4 Rest Of South America 134
Table 94 Rest Of South America: Submarine Power Cable Market, By End Use, 2021–2028 (Usd Million) 134

12 Competitive Landscape 135
12.1 Overview 135
12.2 Key Strategies Adopted By Major Players 135
Table 95 Submarine Power Cable Market: Overview Of Strategies Adopted By Key Players 135
12.3 Market Share Analysis, 2022 136
Figure 44 Submarine Power Cable Market Share Analysis, 2022 136
Table 96 Submarine Power Cable Market Share Analysis, 2022 137
Figure 45 Submarine Power Cable Market Share Analysis Of Key Players, 2022 137
12.4 Revenue Analysis, 2018–2022 138
Figure 46 Submarine Power Cable Market: Revenue Analysis Of Top Five Players, 2018–2022 138
12.5 Evaluation Matrix Of Key Companies, 2022 139
12.5.1 Stars 139
12.5.2 Pervasive Players 139
12.5.3 Emerging Leaders 139
12.5.4 Participants 139
Figure 47 Submarine Power Cable Market: Evaluation Matrix Of Key Companies, 2022 140
12.6 Submarine Power Cable Market: Company Footprint 141
Table 97 Company Footprint 141
Table 98 Type: Company Footprint 142
Table 99 End Use: Company Footprint 143
Table 100 Region: Company Footprint 144
12.7 Competitive Scenarios And Trends 145
12.7.1 Product Launches 145
Table 101 Submarine Power Cable Market: Product Launches, 2021–2023 145
12.7.2 Deals 145
Table 102 Submarine Power Cable Market: Deals, 2021–2023 145
12.7.3 Others 146
Table 103 Submarine Power Cable Market: Others, 2021–2023 146

13 Company Profiles 147
13.1 Key Players 147
(Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengths And Right To Win, Strategic Choices Made, Weaknesses And Competitive Threats, Recent Developments)*
13.1.1 Sumitomo Electric Industries, Ltd. 147
Table 104 Sumitomo Electric Industries, Ltd.: Company Overview 147
Figure 48 Sumitomo Electric Industries, Ltd.: Company Snapshot 148
Table 105 Sumitomo Electric Industries, Ltd.: Products/Solutions/Services Offered 148
Table 106 Sumitomo Electric Industries, Ltd.: Deals 149
Table 107 Sumitomo Electric Industries, Ltd.: Others 149
13.1.2 Prysmian Spa 152
Table 108 Prysmian Group: Company Overview 152
Figure 49 Prysmian Group: Company Snapshot 153
Table 109 Prysmian Group: Products/Solutions/Services Offered 153
Table 110 Prysmian Group: Product Launches 154
Table 111 Prysmian Group: Deals 154
Table 112 Prysmian Group: Others 154
13.1.3 Nexans 161
Table 113 Nexans: Company Overview 161
Figure 50 Nexans: Company Snapshot 162
Table 114 Nexans: Products/Solutions/Services Offered 162
Table 115 Nexans: Deals 163
Table 116 Nexans: Others 164
13.1.4 Nkt A/S 167
Table 117 Nkt A/S: Company Overview 167
Figure 51 Nkt A/S: Company Snapshot 168
Table 118 Nkt A/S: Products/Solutions/Services Offered 168
Table 119 Nkt A/S: Product Launches 169
Table 120 Nkt A/S: Deals 169
Table 121 Nkt A/S: Others 170
13.1.5 Ls Cable & System Ltd. 173
Table 122 Ls Cable & System Ltd.: Company Overview 173
Figure 52 Ls Cable & System Ltd.: Company Snapshot 173
Table 123 Ls Cable & System Ltd.: Products/Solutions/Services Offered 174
Table 124 Ls Cable & System Ltd.: Others 174
13.1.6 Furukawa Electric Co., Ltd. 177
Table 125 Furukawa Electric Co., Ltd.: Company Overview 177
Figure 53 Furukawa Electric Co., Ltd.: Company Snapshot 178
Table 126 Furukawa Electric Co., Ltd.: Products/Solutions/Services Offered 178
Table 127 Furukawa Electric Co., Ltd.: Others 179
13.1.7 Ztt 180
Table 128 Ztt: Company Overview 180
Figure 54 Ztt: Company Snapshot 180
Table 129 Ztt: Products/Solutions/Services Offered 181
Table 130 Ztt: Others 181
13.1.8 Kei Industries Limited 183
Table 131 Kei Industries Limited: Company Overview 183
Figure 55 Kei Industries Limited: Company Snapshot 184
Table 132 Kei Industries Limited: Products/Solutions/Services Offered 184
Table 133 Kei Industries Limited: Deals 185
13.1.9 Tfkable 186
Table 134 Tfkable: Company Overview 186
Table 135 Tfkable: Products/Solutions/Services Offered 186
13.1.10 Taihan Cable & Solution Co., Ltd. 187
Table 136 Taihan Cable & Solution Co., Ltd.: Company Overview 187
Figure 56 Taihan Cable & Solution Co., Ltd.: Company Snapshot 188
Table 137 Taihan Cable & Solution Co., Ltd.: Products/Solutions/Services Offered 188
Table 138 Taihan Cable & Solution Co., Ltd.: Others 189
13.1.11 Hengtong Group Co., Ltd. 190
Table 139 Hengtong Group Co., Ltd: Company Overview 190
Table 140 Hengtong Group Co., Ltd: Products/Solutions/Services Offered 190
Table 141 Hengtong Group Co., Ltd: Others 191
13.1.12 Tratos 192
Table 142 Tratos: Company Overview 192
Table 143 Tratos: Products/Solutions/Services Offered 192
Table 144 Tratos: Others 193
13.1.13 Hydro Group 194
Table 145 Hydro Group: Company Overview 194
Table 146 Hydro Group: Products/Solutions/Services Offered 194
13.1.14 The Okonite Company 195
Table 147 The Okonite Company: Company Overview 195
Table 148 The Okonite Company: Products/Solutions/Services Offered 195
13.1.15 Hellenic Cables 196
Table 149 Hellenic Cables: Company Overview 196
Table 150 Hellenic Cables: Products/Solutions/Services Offered 196
Table 151 Hellenic Cables: Others 197
*Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengths And Right To Win, Strategic Choices Made, Weaknesses And Competitive Threats, Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
13.2 Other Players 198
13.2.1 Bhuwal Insulation Cable Pvt. Ltd 198
13.2.2 Apar Industries 199
13.2.3 Jdr Cable Systems Ltd. 199
13.2.4 Ssgcable 200
13.2.5 1x Technologies Llc 200

14 Appendix 201
14.1 Insights From Industry Experts 201
14.2 Discussion Guide 202
14.3 Knowledgestore: Marketsandmarkets’ Subscription Portal 204
14.4 Customization Options 206
14.5 Related Reports 206
14.6 Author Details 207

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