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.
- J-Power Systems
- LS Cable & System
- NKT cables
- Norddeutsche Seekabelwerke
Jiangsu Zhongtian Technology Co. Ltd
- Korea Electric Power Corporation
- 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
For more information about this report visit https://www.researchandmarkets.com/research/gd2jsh/global_submarine?w=4