Global Submarine Electricity Transmission Systems Market Growth, Trends & Forecast 2018-2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Submarine Electricity Transmission Systems Market – Growth, Trends, and
Forecast (2018 – 2023)" report has been added to ResearchAndMarkets.com's
offering.

The global submarine electricity transmission systems market is likely
to grow in the near future, owing to the development of overseas power
transmission networks. The development of new power generation
infrastructure results in an increased requirement of power evacuation
system. Submarine power transmission has been in use for more than a
century. Earlier, it was widely used for isolated offshore facilities,
lighthouses, etc. However, in the recent times, the usage has become
widespread, covering offshore wind, longer distance power transmission,
network interconnections, increased number of islands connected to
mainland grid, etc.

Submarine power transmission can be economically more beneficial than
overhead transmission, on account of reduction in the total cost of
system ownership. The power surplus countries are looking for
opportunities to sell electricity to countries that are power starved.
The power trading between countries results in an optimal usage of power
generation facilities, which requires the availability of the most
appropriate systems.

The North American segment accounts for the largest share in the
submarine electricity transmission systems market, owing to the
significant development of offshore power and oil & gas projects. The
power transmission via submarine cable to offshore oil & gas platform
can eliminate the requirement for onsite power generation.

Companies Mentioned

• ABB
• J-Power Systems
• LS Cable & System
• Nexans
• NKT cables
• Norddeutsche Seekabelwerke
• Prysmian
• Viscas
• Jiangsu Zhongtian Technology Co. Ltd
• Korea Electric Power Corporation
• Vattenfall
• DONG Energy
• China Light & Power Company Syndicate

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness – Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/gd2jsh/global_submarine?w=4

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Related
Topics: Maritime,
Electricity