Asia Pacific Submarine Power Cable Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Multicore and Single Core), Conductor Material (Copper and Aluminum), Voltage (High Voltage and Medium Voltage), and Application (Offshore Oil an

Asia Pacific Submarine Power Cable Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Multicore and Single Core), Conductor Material (Copper and Aluminum), Voltage (High Voltage and Medium Voltage), and Application (Offshore Oil and Gas, Offshore Wind Power, and Inter-Country & Island Connection)

The Asia Pacific submarine power cable market is expected to grow from US$ 765.35 million in 2021 to US$ 1,310.03 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

Rise in Development of Underwater Data Center is Driving the Asia Pacific Submarine Power Cable Market

Underwater data centers have been gaining momentum over the years owing to various factors such as lack of space above the ground, increased effectiveness due to fewer failures, and serving a larger section of people at a lower cost. These factors have increased the investment on underwater data centers. Two type of submarine cables are used in these data centers that is one for transferring data and the other are power cables for powering the whole data center and its operations under the sea. In January 2021, at Zhuhai (a port in Guangdong), Beijing Highlander (a Chinese maritime specialist) showcased an underwater data center. The airtight pressure vessel will store racks of servers and will be cooled by sea water. It will be powered by a cable from shore. It is part of a plan to build undersea data centers around China's coast, starting with a trial project for the massive free port being built on the island of Hainan. Similarly, in 2018, Microsoft submerged a container size data center 100 feet below the water. 12 racks, 864 servers with FPGA acceleration, and 27.5 petabytes of storage were housed in the undersea data center by the company. In 2020, the company discovered that the underwater data center were eight times more reliable in comparison to the land-based data centers. These experiments have proved to be fruitful leading to the construction of more underwater data centers. For instance, after the experiment in China, Beijing Highlander announced the construction of the world's first commercial underwater data center. After construction, it will be operated by ISP Beijing Sinnet and will consist of 100 individual vessels. These factors are expected to increase the demand for subsea cable systems, thereby creating lucrative demand for submarine power cables for powering the whole data center operations below the sea, thereby contributing to the growth of the market.

Asia Pacific Submarine Power Cable Market Overview

The Asia Pacific submarine power cable market is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Countries such as Taiwan and Japan have set high goals for renewable energy development in response to pressure on governments to stick to their climate change commitments. The large-scale, fossil fuel-based power generation must be replaced as part of the energy transition, and many governments have chosen offshore wind as the most practical alternative for achieving these goals. According to the Asia Wind Energy Association, the focus on wind power has sparked a frenzy of activity in the Asian offshore wind business in the last two years, and the region is predicted to soon replace Europe as the largest offshore wind market. Since 2015, China's offshore wind power generating capacity has expanded at a rate of 66% annually, from 102 MW in 2010 to 565 MW in 2014, and it further rose to 7.03 GW in 2019. It accounts for ~94% of the current operational offshore wind power generation of APAC and 31% of the wind power capacity of the world, with over 11 GW of offshore capacity installed as of January 2021. Such progress in the power and IT sectors contributing to the development and expansion of wind energy generation capacity is propelling the growth of the submarine power cable market in Asia Pacific.

Asia Pacific Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Submarine power cable Market Segmentation

The Asia Pacific submarine power cable market is segmented into type, conductor material, voltage, application, and country.

Based on type, the Asia Pacific submarine power cable market is bifurcated into multicore, single core. The single core segment accounted for the highest share in the Asia Pacific submarine power cable market in 2021.

Based on conductor material, the Asia Pacific submarine power cable market is segmented into copper and Aluminum. The copper segment accounted for the highest share in the Asia Pacific market in 2021.

Based on voltage, the Asia Pacific submarine power cable market is segmented into high voltage, and medium voltage. The high voltage accounted for a higher share in the Asia Pacific submarine power cable market in 2021.

Based on application, the Asia Pacific submarine power cable market is segmented into offshore oil and gas, offshore wind power, inter-country and island connection, and others. The offshore wind power segment accounted for the highest share in the submarine power cable Asia Pacific market in 2021.

Based on country, the Asia Pacific submarine power cable market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific submarine power cable market share in 2021.

Sumitomo Electric Industries Ltd; FURUKAWA ELECTRIC CO. LTD; HENGTONG GROUP CO. LTD; KEI Industries Limited; LS Cable & System Ltd; Hydro Group Plc; and ZT International Ltd are the leading companies operating in the Asia Pacific submarine power cable market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific submarine power cable market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific submarine power cable market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the submarine power cable market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution


1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Asia Pacific Submarine Power Cable Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Submarine Power Cable Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Submarine Power Cable Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Investment on Offshore Wind Energy Plants
5.1.2 Rise in Cross Country Submarine Connections for Power Transmission
5.2 Market Restraints
5.2.1 Longer Life Span of Submarine Power Cable
5.3 Market Opportunities
5.4 Future Trends
5.4.1 Rise in Development of Underwater Data Center
5.5 Impact Analysis of Drivers and Restraints
6. Submarine Power Cable Market – Asia Pacific Market Analysis
6.1 Overview
6.2 Asia Pacific Submarine Power Cable Market Forecast and Analysis
7. Asia Pacific Submarine Power Cable Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Submarine Power Cable Market Breakdown, by Type, 2020 and 2028
7.3 Multicore
7.3.1 Overview
7.3.2 Multicore: Asia Pacific Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
7.4 Single Core
7.4.1 Overview
7.4.2 Single Core: Asia Pacific Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Submarine Power Cable Market Analysis – By Conductor Material
8.1 Overview
8.2 Asia Pacific Submarine Power Cable Market, by Conductor Material (2020 and 2028)
8.3 Copper
8.3.1 Overview
8.3.2 Copper: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminium: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Submarine Power Cable Market Analysis – By Voltage
9.1 Overview
9.2 Asia Pacific Submarine Power Cable Market, by Voltage (2020 and 2028)
9.3 High Voltage
9.3.1 Overview
9.3.2 High Voltage: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Voltage
9.4.1 Overview
9.4.2 Medium Voltage: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Submarine Power Cable Market Analysis – By Application
10.1 Overview
10.2 Asia Pacific Submarine Power Cable Market, by Application (2020 and 2028)
10.3 Offshore Oil and Gas
10.3.1 Overview
10.3.2 Offshore Oil and Gas: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Offshore Wind Power
10.4.1 Overview
10.4.2 Offshore Wind Power: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Inter-Country and Island Connection
10.5.1 Overview
10.5.2 Inter-Country and Island Connection: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Submarine Power Cable Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific: Submarine Power Cable Market, by Key Country
11.1.1.1 Australia: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Submarine Power Cable Market, By Type
11.1.1.1.2 Australia: Submarine Power Cable Market, by Conductor Material
11.1.1.1.3 Australia: Submarine Power Cable Market, by Voltage
11.1.1.1.3.1 Australia: Submarine Power Cable Market, by High Voltage
11.1.1.1.3.2 Australia: Submarine Power Cable Market, by Medium Voltage
11.1.1.1.4 Australia: Submarine Power Cable Market, by Application
11.1.1.2 China: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Submarine Power Cable Market, By Type
11.1.1.2.2 China: Submarine Power Cable Market, by Conductor Material
11.1.1.2.3 China: Submarine Power Cable Market, by Voltage
11.1.1.2.3.1 China: Submarine Power Cable Market, by High Voltage
11.1.1.2.3.2 China: Submarine Power Cable Market, by Medium Voltage
11.1.1.2.4 China: Submarine Power Cable Market, by Application
11.1.1.3 India: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Submarine Power Cable Market, By Type
11.1.1.3.2 India: Submarine Power Cable Market, by Conductor Material
11.1.1.3.3 India: Submarine Power Cable Market, by Voltage
11.1.1.3.3.1 India: Submarine Power Cable Market, by High Voltage
11.1.1.3.3.2 India: Submarine Power Cable Market, by Medium Voltage
11.1.1.3.4 India: Submarine Power Cable Market, by Application
11.1.1.4 Japan: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Submarine Power Cable Market, By Type
11.1.1.4.2 Japan: Submarine Power Cable Market, by Conductor Material
11.1.1.4.3 Japan: Submarine Power Cable Market, by Voltage
11.1.1.4.3.1 Japan: Submarine Power Cable Market, by High Voltage
11.1.1.4.3.2 Japan: Submarine Power Cable Market, by Medium Voltage
11.1.1.4.4 Japan: Submarine Power Cable Market, by Application
11.1.1.5 South Korea: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Submarine Power Cable Market, By Type
11.1.1.5.2 South Korea: Submarine Power Cable Market, by Conductor Material
11.1.1.5.3 South Korea: Submarine Power Cable Market, by Voltage
11.1.1.5.3.1 South Korea: Submarine Power Cable Market, by High Voltage
11.1.1.5.3.2 South Korea: Submarine Power Cable Market, by Medium Voltage
11.1.1.5.4 South Korea: Submarine Power Cable Market, by Application
11.1.1.6 Rest of Asia Pacific: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Submarine Power Cable Market, By Type
11.1.1.6.2 Rest of Asia Pacific: Submarine Power Cable Market, by Conductor Material
11.1.1.6.3 Rest of Asia Pacific: Submarine Power Cable Market, by Voltage
11.1.1.6.3.1 Rest of Asia Pacific: Submarine Power Cable Market, by High Voltage
11.1.1.6.3.2 Rest of Asia Pacific: Submarine Power Cable Market, by Medium Voltage
11.1.1.6.4 Rest of Asia Pacific: Submarine Power Cable Market, by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ZT International Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hydro Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 LS Cable & System Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 KEI Industries Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Sumitomo Electric Industries, Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 FURUKAWA ELECTRIC CO., LTD.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NKT A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 HENGTONG GROUP CO.,LTD.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Submarine Power Cable Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Asia Pacific: Submarine Power Cable Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. China: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. China: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 12. China: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 13. China: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 14. China: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. India: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. India: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 17. India: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 18. India: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 19. India: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 20. India: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Japan: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Japan: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 23. Japan: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 24. Japan: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 25. Japan: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 26. Japan: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. South Korea: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 28. South Korea: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 29. South Korea: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 30. South Korea: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 32. South Korea: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Asia Pacific: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Asia Pacific: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Asia Pacific: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. Glossary of terms, Asia Pacific Submarine Power Cable Market
LIST OF FIGURES
Figure 1. Asia Pacific Submarine Power Cable Market Segmentation
Figure 2. Asia Pacific Submarine Power Cable Market Segmentation – By Country
Figure 3. Asia Pacific Submarine Power Cable Market Overview
Figure 4. Single Core Held the Highest Share in Asia Pacific Submarine Power Cable Market in 2020
Figure 5. Asia Pacific Submarine Power Cable Market, by Country
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Asia Pacific Submarine Power Cable Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Submarine Power Cable Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Submarine Power Cable Market Forecast and Analysis, (US$ Mn)
Figure 11. Asia Pacific Submarine Power Cable Market Revenue Share, by Type (2020 and 2028)
Figure 12. Multicore: Asia Pacific Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Single Core: Asia Pacific Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Submarine Power Cable Market Revenue Share, by Conductor Material (2020 and 2028)
Figure 15. Copper: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Ground: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Submarine Power Cable Market Revenue Share, by Voltage (2020 and 2028)
Figure 18. High Voltage: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medium Voltage: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Submarine Power Cable Market Revenue Share, by Configuration (2020 and 2028)
Figure 21. Offshore Oil and Gas: Asia Pacific Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Offshore Wind Power: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Inter-Country and Island Connection: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific: Submarine Power Cable Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. Asia Pacific: Submarine Power Cable Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Australia: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Asia Pacific: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)

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