Global Submarine Electricity Transmission Systems Market Outlook to 2022 - Market Analysis by Geography, Type, Competitive Landscape and Key Company Information - Growth Trends and Forecasts

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 128 | Published By - Mordor Intelligence

Report Highlights

The global submarine electric transmission systems market is expected to increase from USD XX billion in 2016 to USD XX billion by 2022, at a CAGR of XX%.

Submarine power transmission has been around for more than a century. Earlier it was widely used for isolated offshore facilities, lighthouses, etc. However, nowadays the usage has become widespread covering offshore wind, longer distance power transmission, network interconnections, increased number of islands connected to mainland grid, HVDC light, etc.

The global focus on environmental issues has led to an increasing demand for submarine cables. For example, governments and power suppliers are supporting renewable energy sources such as off-shore wind power. Also, oil and gas companies are replacing local generation on platforms with power feeding from the mainland.

The focus is now on the power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. All submarine projects have their challenges, whether it is the voltage, power rating, water depth, route length, installation or protection method that requires special attention.

North America leads the submarine electric transmission systems market in both marker demand and number links. Asia-Pacific follows North America in the market demand with decent opportunities available for the Rest of the World.

What the Report Offers

Market analysis for the global submarine electric transmission systems market, with region specific assessments and competition analysis on a global and regional scale.
Market overview and identification of key drivers and restraints that influence the studied market.
Identification of macro and micro factors instrumental in changing the market scenario and rising prospective opportunities globally and regionally.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
Demand forecast for every segment of the studied market for the projected period.
Extensively researched competitive landscape section with profiles of major companies and their market share.
Analysis of the current strategic interests and financial information of the major companies, along with the strategies adopted by them to sustain and grow in the studied market.

 

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