Global Submarine power cable Market to reach USD 20.2 billion by 2025.

Global Submarine power cable Market valued approximately USD 5.3 billion in 2016 is anticipated to grow with a healthy growth rate of more than 16% over the forecast period 2017-2025. Key factors which gives growth to the Submarine power cable market are new capacity additions in the offshore wind industry and increasing demand for inter-country & island connections. Growth in demand from the offshore oil & gas sector is expected to boost the demand for submarine power cables. The increasing demand for HVDC connections presents a great opportunity for the submarine power cable market because of significant investments being made in it.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

> Single core
> Multicore

By voltage:

> Medium voltage
> High voltage

By End user:

> Offshore wind power generation
> Inter country & island connection

By Conductor material:

> Copper
> Aluminium

By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2015
Base year - 2016
Forecast period - 2017 to 2025

Some of the key manufacturers involved in the market benchmarking, prysmian, nexans, general cable corporation, NKT, sumitomo electric, furukuwa electric, ZTT, Kei industries, LS cable & systems, hydro group. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Submarine power cable Market in Market Study:

> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investor