2019 Electric Submersible Pump Market Growth | Trends Analysis Report 2025

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Global Submarine Power Cable Market Technology
2019 Business Growth, Trend and Forecast 2025
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Global Market Scenario of Electric Capacitor
Industry

• The size of Submarine Power Cable Market demand
  was anticipated as 1.5 billion in the year 2018
  and is predicted to touch 3 billion till 2025, as
  per the research done by Global Market Insights,
  Inc.
• With continuous developments in the offshore oil
  and gas sector along with groundbreaking subsea
  cable technologies, submarine power cable market
  is poised to witness a remarkable growth over the
  coming years. Today, several power suppliers and
  governments are shifting their preferences toward
  renewable energy sources like offshore wind power
  and even oil gas companies are adopting new
  procedures to improve efficiency, reduce costs,
  and exploit new fields.
• Growing number of renewable energy projects and
  escalating penetration across other submarine
  applications will offer considerable boost to
  submarine power cable industry outlook.

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• Expanding number of offshore wind farms and
  electrification of offshore oil and gas platforms
  has led to augmented research activities and
  tremendous progress has been made in quality of
  power cables. With the advent of subsea cables,
  it becomes extremely easy to connect oil
  platforms to mainland power grids. It also
  enables timely monitoring and surveillance to
  reinforce the business development and management
  of almost all activities in the ocean. Booming
  energy sector worldwide will immensely propel the
  revenue graph of submarine power cable industry
  from the demand of advanced and more reliable
  subsea cables.
• A submarine power cable had been deployed
  recently between Montenegro and Italy under an
  investment of EUR 1.15 billion that will allow
  Montenegro to develop as an energy hub for the
  Balkan countries. The project has already fetched
  more than EUR 600 million for local businesses in
  Montenegro. Such developments would create
  abundant opportunities for oil gas companies
  and other suppliers, attracting significant
  investments in the energy sector, for renewable
  sources and digitization. The surge in
  installation of submarine electrical cables to
  supply power and emergence of more advanced
  techniques will thrust global submarine power
  cable market share.

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Submarine Power Cable Market Size, By Voltage,
2019 2025 (USD Million)
Browse Complete Summary of this report _at_
https//www.gminsights.com/industry-analysis/subma
rine-power-cable-market
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360 Industry Analysis

• Europe submarine power cable market, in 2018
  surpassed USD 2.5 billion. The industry is
  determined by rapid enhancements toward an
  efficient transmission infrastructure favored by
  rising electricity consumption across emerging
  regions. As per IEA, the global energy demand, in
  2018, escalated by 4, infusing a value-added
  proposition across the subsea business portfolio.
  In addition, strict norms subject to efficient
  electricity transmission along with growing
  cross-border power trade will thrust the business
  scenario.
• Eminent market participants include ZTT, Nexans,
  Kelani cables, KEI Industries, Prysmian,
  Furukawa, NKT, LS Cable Systems, TF Kable,
  Sumitomo Electric, ABB, Intertek Group, Ningbo
  Orient wires and Hengtong Marine Cable Systems.

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Industry Background
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• Competitive Analysis
• ZTT
• Nexans
• Kelani cables
• KEI Industries
• Prysmian
• Furukawa
• NKT
• LS Cable Systems
• TF Kable
• Sumitomo Electric
• ABB
• Intertek Group
• Ningbo Orient wires
• Browse Complete Summary of this report _at_
  https//www.gminsights.com/industry-analysis/subma
  rine-power-cable-market

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Rights Reserved
www.gminsights.com
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www.gminsights.com