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Europe Submarine Power Cable Market Share

Report ID: GMI8989
Published Date: Apr 2024
Report Format: PDF

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Europe Submarine Power Cable Market Share

Nexans, Prysmian, and Belden are poised to lead the submarine power cable market because of their established expertise, extensive experience, and robust infrastructure. These companies have a proven track record in designing, manufacturing, and installing high-quality submarine cables, meeting the stringent requirements of underwater transmission. Their technological innovation, coupled with comprehensive global networks and strategic partnerships, enables them to offer reliable, efficient solutions for offshore energy transmission projects.

Europe Submarine Power Cable Market Companies

ABB
Belden
Fujikura Ltd.
Intertek Group
KEI Industries
Kelani cables
LS Cable & Systems
Nexans
Ningbo Orient wires & cables
NKT
Prysmian S.P.A
Sumitomo Electric
TF Kable
ZTT Furukawa Electric

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Europe submarine power cable market size was USD 700 million in 2023 and is expected to register a significant CAGR from 2024-2032 owing to the need to reduce greenhouse gas emissions and combat climate change in the region.

Europe submarine power cable market from multi core segment is expected to hold a dominating market share by 2032 due to offering higher transmission capacity and enabling the efficient transfer of larger amounts of electricity across longer distances.

UK submarine power cable industry is expected to maintain a commendable CAGR from 2024-2032 due to ambitious renewable energy targets, established regulatory framework and investment incentives attracting private and public funding in the country.

ABB, Belden, Fujikura Ltd., Intertek Group, KEI Industries, Kelani cables, LS Cable & Systems, Nexans, Ningbo Orient wires & cables, NKT, Prysmian S.P.A, Sumitomo Electric, TF Kable, and ZTT Furukawa Electric, are some of the major submarine power cable companies in Europe.