Enjoy complimentary customisation on priority with our Enterprise License!
The submarine power cable market size is forecast to increase by USD 5.12 billion at a CAGR of 13.64% between 2024 and 2028. Market growth is driven by several key factors, including the expansion of offshore renewable energy installations, the growing demand for inter-country and island connections, and the overall increase in global energy demand. These factors highlight the shift towards sustainable energy solutions and the need for reliable and efficient energy networks. As the world focuses more on renewable sources, the market for offshore energy installations is expected to witness substantial growth, meeting the rising energy demands while reducing environmental impacts. Additionally, the increasing focus on reducing carbon emissions and transitioning to cleaner energy sources is driving the demand for offshore renewable energy installations. This trend is supported by government initiatives and policies aimed at promoting renewable energy. Moreover, the growing need for energy security and the potential economic benefits associated with offshore energy projects are further contributing to market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.