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Europe Submarine Power Cable Market Size, Share & Industry Trends Analysis Report By Core Type (Single Core, & Multicore), By Conductor Material (copper & Aluminium), By Voltage, By Type, By End User, By Country and Growth Forecast, 2023 - 2030

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from $1,500 178 Pages Knowledge Based Value (KBV) Research October, 2023 KBV18339215
Best Price Guarantee
Price from $1,500
Length 178 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date October, 2023
SKU KBV18339215

Europe Submarine Power Cable Market Size, Share & Industry Trends Analysis Report By Core Type (Single Core, & Multicore), By Conductor Material (copper & Aluminium), By Voltage, By Type, By End User, By Country and Growth Forecast, 2023 - 2030


The Europe Submarine Power Cable Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 683.3 million feets, showcasing a growth of 8.7% (2019-2022).

The growth of the market has been boosted due to the expansion of offshore renewable energy projects and the need for grid interconnections. Government incentives and policies to promote clean energy have also contributed to market growth. Ongoing research and development efforts are focused on improving the technology and materials used in submarine power cables to increase their efficiency, reliability, and lifespan. Additionally, ongoing technological advancements in materials, design, and installation techniques have improved the efficiency and capacity of submarine power cables.

Countries with abundant energy resources, such as hydropower or geothermal energy, use submarine power cables to export excess electricity to neighbouring countries or import electricity during periods of high demand. This trade supports economic cooperation and resource sharing. In emerging technologies like offshore energy storage systems, submarine power cables may connect energy storage facilities to the grid. These systems store surplus electricity generated during periods of low demand and release it during peak demand times. Submarine power cables connect remote facilities, such as offshore oil and gas platforms or remote research stations, to onshore power grids.

Europe has been a global leader in offshore wind energy development. As offshore wind farms increase across European coastlines, the demand for submarine power cables to connect these wind farms to onshore grids has surged. Countries like the United Kingdom, Germany, Denmark, the Netherlands, and Belgium have invested substantially in offshore wind projects. Europe's energy landscape involves connecting countries and regions with underwater grid interconnection projects. These factors will propel the growth of the market in this region.

The Germany market dominated the Europe Submarine Power Cable Market, By Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,214.5 million by 2030. The UK market is exhibiting a CAGR of 9.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11.8% during (2023 - 2030).

Based on Core Type, the market is segmented into Single Core, & Multicore. Based on Conductor Material, the market is segmented into copper & Aluminium. Based on Voltage, the market is segmented into High, & Low. Based on Type, the market is segmented into DC, & AC. Based on End User, the market is segmented into Offshore Wind Power Generation, Offshore Oil & Gas, Inter-country and Island Connection. Based on countries, the market is segmented into Germany, UK, France, Russia, Netherlands, Norway, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., Prysmian Group, Nexans S.A., NKT Photonics A/S (NKT A/S), LS Cable & System Ltd., Furukawa Electric Co., Ltd., SSG Cable Group, KEI Industries Limited, TPC Wire & Cable (Audax Management Company, LLC), and Hengtong Group Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Core Type (Volume, Million Feets, USD Billion, 2019 to 2030)
  • Single Core
  • Multicore
By Conductor Material (Volume, Million Feets, USD Billion, 2019 to 2030)
  • copper
  • Aluminum
By Voltage (Volume, Million Feets, USD Billion, 2019 to 2030)
  • High
  • Low
By Type (Volume, Million Feets, USD Billion, 2019 to 2030)
  • DC
  • AC
By End User (Volume, Million Feets, USD Billion, 2019 to 2030)
  • Offshore Wind Power Generation
  • Offshore Oil & Gas
  • Inter-country and Island Connection
By Country (Volume, Million Feets, USD Billion, 2019 to 2030)
  • Germany
  • UK
  • France
  • Russia
  • Netherlands
  • Norway
  • Rest of Europe
Companies Profiled
  • Sumitomo Electric Industries, Ltd.
  • Prysmian Group
  • Nexans S.A.
  • NKT Photonics A/S (NKT A/S)
  • LS Cable & System Ltd.
  • Furukawa Electric Co., Ltd.
  • SSG Cable Group
  • KEI Industries Limited
  • TPC Wire & Cable (Audax Management Company, LLC)
  • Hengtong Group Co., Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Submarine Power Cable Market, by Core Type
1.4.2 Europe Submarine Power Cable Market, by Conductor Material
1.4.3 Europe Submarine Power Cable Market, by Voltage
1.4.4 Europe Submarine Power Cable Market, by Type
1.4.5 Europe Submarine Power Cable Market, by End User
1.4.6 Europe Submarine Power Cable Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. Europe Submarine Power Cable Market, By Core Type
5.1 Europe Single Core Market, By Country
5.2 Europe Multicore Market, By Country
Chapter 6. Europe Submarine Power Cable Market, By Conductor Material
6.1 Europe Copper Market, By Country
6.2 Europe Aluminium Market, By Country
Chapter 7. Europe Submarine Power Cable Market, By Voltage
7.1 Europe High Market, By Country
7.2 Europe Low Market, By Country
Chapter 8. Europe Submarine Power Cable Market, By Type
8.1 Europe DC Market, By Country
8.2 Europe AC Market, By Country
Chapter 9. Europe Submarine Power Cable Market, By End User
9.1 Europe Offshore Wind Power Generation Market, By Country
9.2 Europe Offshore Oil & Gas Market, By Country
9.3 Europe Inter-country and Island Connection Market, By Country
Chapter 10. Europe Submarine Power Cable Market, By Country
10.1 Germany Submarine Power Cable Market
10.1.1 Germany Submarine Power Cable Market, By Core Type
10.1.2 Germany Submarine Power Cable Market, By Conductor Material
10.1.3 Germany Submarine Power Cable Market, By Voltage
10.1.4 Germany Submarine Power Cable Market, By Type
10.1.5 Germany Submarine Power Cable Market, By End User
10.2 UK Submarine Power Cable Market
10.2.1 UK Submarine Power Cable Market, By Core Type
10.2.2 UK Submarine Power Cable Market, By Conductor Material
10.2.3 UK Submarine Power Cable Market, By Voltage
10.2.4 UK Submarine Power Cable Market, By Type
10.2.5 UK Submarine Power Cable Market, By End User
10.3 France Submarine Power Cable Market
10.3.1 France Submarine Power Cable Market, By Core Type
10.3.2 France Submarine Power Cable Market, By Conductor Material
10.3.3 France Submarine Power Cable Market, By Voltage
10.3.4 France Submarine Power Cable Market, By Type
10.3.5 France Submarine Power Cable Market, By End User
10.4 Russia Submarine Power Cable Market
10.4.1 Russia Submarine Power Cable Market, By Core Type
10.4.2 Russia Submarine Power Cable Market, By Conductor Material
10.4.3 Russia Submarine Power Cable Market, By Voltage
10.4.4 Russia Submarine Power Cable Market, By Type
10.4.5 Russia Submarine Power Cable Market, By End User
10.5 Netherlands Submarine Power Cable Market
10.5.1 Netherlands Submarine Power Cable Market, By Core Type
10.5.2 Netherlands Submarine Power Cable Market, By Conductor Material
10.5.3 Netherlands Submarine Power Cable Market, By Voltage
10.5.4 Netherlands Submarine Power Cable Market, By Type
10.5.5 Netherlands Submarine Power Cable Market, By End User
10.6 Norway Submarine Power Cable Market
10.6.1 Norway Submarine Power Cable Market, By Core Type
10.6.2 Norway Submarine Power Cable Market, By Conductor Material
10.6.3 Norway Submarine Power Cable Market, By Voltage
10.6.4 Norway Submarine Power Cable Market, By Type
10.6.5 Norway Submarine Power Cable Market, By End User
10.7 Rest of Europe Submarine Power Cable Market
10.7.1 Rest of Europe Submarine Power Cable Market, By Core Type
10.7.2 Rest of Europe Submarine Power Cable Market, By Conductor Material
10.7.3 Rest of Europe Submarine Power Cable Market, By Voltage
10.7.4 Rest of Europe Submarine Power Cable Market, By Type
10.7.5 Rest of Europe Submarine Power Cable Market, By End User
Chapter 11. Company Profiles
11.1 Sumitomo Electric Industries, Ltd.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 SWOT Analysis
11.2 Prysmian Group
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.6 SWOT Analysis
11.3 Nexans S.A.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.5.2 Acquisition and Mergers:
11.3.6 SWOT Analysis
11.4 NKT Photonics A/S (NKT A/S)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 SWOT Analysis
11.5 LS Cable & System Ltd.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Recent strategies and developments:
11.5.3.1 Geographical Expansions:
11.5.4 SWOT Analysis
11.6 Furukawa Electric Co., Ltd.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 SWOT Analysis
11.7 SSG Cable Group
11.7.1 Company Overview
11.7.2 SWOT Analysis
11.8 KEI Industries Limited
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 SWOT Analysis
11.9 TPC Wire & Cable (Audax Management Company, LLC)
11.9.1 Company Overview
11.9.2 SWOT Analysis
11.10. Hengtong Group Co., Ltd.
11.10.1 Company Overview
11.10.2 SWOT Analysis

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