Submarine Electricity Transmission Market by type (Mass-impregnated cables, self-contained fluid filled cables, extruded insulation cables), by application and by Region-Global Trends and Forecasts to 2019
An electric power transmission system interconnects generators with the loads and provides multiple paths among them. Submarine electricity transmission allows the transfer of energy below the surface of water. Submarine power cables are major transmission cables for carrying electric power beneath water. Demand for submarine cables is growing as countries and regions make commitments to offshore renewable power generation.
The global Submarine Electricity Transmission Market is primarily segmented on the basis of the cable used in them such as Mass-Impregnated Cables, Self-Contained Fluid-Filled Cables, and Extruded Insulation Cables. Secondly, it is segmented on the basis of its application ;this includes Power Supply to Offshore Facilities, transmission of power from renewable offshore sources, transfer of cheap power generated on natural or artificial islands to the mainland. Lastly, the market is segmented based on the various regional markets into North America, Europe, Asia-Pacific, and Rest of the World (ROW). Each segment has been analyzed with respect to its market trends, growth trends, and future prospects. The data has been analyzed from 2012 to 2019 and all the quantitative data with regard to segmentation is mentioned in terms of value ($million).
The submarine electricity transmission market is also analyzed with respect to Porter's Five Force model. Different market forces such as the bargaining power of suppliers, bargaining power of buyers, degree of competition, threat from substitutes, and threat from new entrants are analyzed with respect to the submarine electricity transmission industry. The report also provides the competitive landscape of the major market players, which includes mergers and acquisitions, awards and recognition, expansions, investments, agreements and contracts, and new product launches. These developments indicate the growth strategies used by key industry players to drive the overall submarine electricity transmission market. Some of the key players include ABB Limited (Switzerland), Nexans (France), Siemens AG(Germany), and Prysmian(Italy)
The report classifies and defines the contract value for the submarine electricity transmission industry. The report also provides a comprehensive review of the major drivers, restraints, opportunities, challenges, and key burning issues of the submarine electricity transmission market.
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The global submarine electricity transmission market is analyzed in terms of market size ($million) for the aforesaid applications, and types by region.
• By Type
o Mass-impregnated cables,
o Self-contained fluid filled cables
o Extruded insulation cables
• By Application
o Power Supply to Offshore Facilities
o Transmission of power from renewable offshore sources
o Transfer of cheap power generated on natural or artificial islands to the mainland
• By Region
o North America
o Europe
o APAC
o ROW
Growth opportunities and latent adjacency in Submarine Electricity Transmission Market