Nov 29, 2022   SOURCE: BusinessWire

Global Submarine Power Cable Market Research Report to 2027 - Featuring ABB, Fujitsu, Furukawa Electric and General Cable Among Others - ResearchAndMarkets.com

The "Submarine Power Cable Market Research Report by Type, Conductor Material, End-User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Submarine Power Cable Market is projected to grow with a significant CAGR in the forecast period. Economic development and substantial infrastructure development have constituted regional revenue generation.

Further, the patterns associated with domestic production, import and export, and consumption have helped market participants to analyze and capitalize on potential opportunities. Besides, the qualitative and quantitative parameters provided in the report with detailed analysis highlights the driving and restraining factors of the Global Submarine Power Cable Market.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Submarine Power Cable Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Submarine Power Cable Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Submarine Power Cable Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Submarine Power Cable Market?

4. What is the competitive strategic window for opportunities in the Global Submarine Power Cable Market?

5. What are the technology trends and regulatory frameworks in the Global Submarine Power Cable Market?

6. What is the market share of the leading vendors in the Global Submarine Power Cable Market?

7. What modes and strategic moves are considered suitable for entering the Global Submarine Power Cable Market?

Market Dynamics

Drivers

  • Growing number of offshore wind farms
  • Increasing growth of offshore oil & gas operations
  • High use of high voltage direct current (HVDC) submarine power cables

Restraints

  • High cost of installation and complexity in the repair

Opportunities

  • Rising need for inter-country & island power connections
  • Design improvements and advancements in

Challenges

  • Regulatory, environmental, & complex authorization procedures

Companies Mentioned

  • ABB Limited
  • Fujitsu Limited
  • Furukawa Electric Co., Ltd.
  • General Cable Inc.
  • Hengtong Group Co., Ltd.
  • Hydro Group
  • KEI Industries Limited
  • LS Cable & System Ltd.
  • Nexans SA
  • Ningbo Orient Wires & Cables Co., Ltd.
  • NKT A/S
  • Prysmian S.p.A.
  • Sumitomo Electric Industries Limited
  • TELE-FONIKA Kable S.A.
  • ZTT International Limited

For more information about this report visit https://www.researchandmarkets.com/r/hl9rln