Reportlinker.com announced that new report titled “Submarine Electricity Transmission”, is available at their offering.
The market for high-voltage submarine cables is a small and highly specialized industry that will experience increasing growth over the next several years. Demand for submarine cables is growing steadily as countries and regions make commitments to offshore renewable power generation, link remote landmasses, and interconnect their national grids. As cable technology advances, more projects are being proposed that require longer, deeper, and higher-capacity cables.
Even the most conservative growth models show that the industry will expand rapidly, and the supply chain has expanded over the past few years to meet this projected demand. In addition to the established, experienced market participants, new market entrants have begun to win contracts to supply some of the smaller, less complex cables. With fewer limitations in the supply chain, the primary restraints on the submarine cable market in the foreseeable future are restrictions in financing and regulatory roadblocks. Navigant Research forecasts that the high-voltage submarine cable market will realize $33.8 billion in cumulative revenue between 2014 and 2023 under a conservative scenario.
This Navigant Research report analyzes the global market for high-voltage submarine cables, including cables to connect offshore renewable energy generation, grid interconnectors, and cables to connect remote landmasses. The study provides an analysis of the significant demand drivers for deploying high-voltage submarine cables and the related market issues. Global market forecasts for demand and revenue from high-voltage submarine cables, segmented by world region, project and cable type, technology, and growth scenario, extend through 2023. The report also examines the main technology issues and profiles the key industry players.
Press release, November 27, 2013