The market for high-voltage submarine cables is a small and highly specialized
industry that will experience strong growth over the next several years.
Demand for submarine cables is growing steadily as national governments and
regional organizations pledge their efforts to expanding offshore renewable
power generation, linking remote land masses, and interconnecting their
national grids. These projects often involve subsea connections or power
generation that is found in offshore wind farms. As cable technology advances,
more projects are proposed that require longer, deeper, and higher-capacity
Even the most conservative growth models show that the industry will expand
rapidly, but Pike Research's analysis finds that the supply chain will not be
capable of meeting the full demand in this growing market. While there are
very few companies that are capable of performing each step in the
installation process, from surveying to final installation, the tightest
bottleneck in this already constrained supply chain is the cable
manufacturers. Only a handful of companies are capable of building the complex
cables that are required by this market. In order to meet the demands of
proposed projects, cable manufacturers will need to increase their production
significantly. While some projects will likely encounter delays due to the
limited supply chain, additional market players and increased capacity by
existing suppliers will help the industry begin to catch up to this
This Pike Research report provides a comprehensive analysis of the worldwide
market opportunity for submarine HVDC and HVAC power cable projects, including
an assessment of demand drivers and supply chain dynamics, both currently and
in the years ahead. The study features in-depth profiles of more than 25 key
industry players and case studies of more than 30 notable high-voltage
submarine cable projects. Market forecasts are provided for submarine cable
projects through 2021, segmented by world region and including three different
Key Questions Addressed:
What are the most common uses for high-voltage submarine power cables?
Does the current supply chain for submarine power cables have the capacity
to meet the demand for future projects?
Which geographic regions will experience the greatest demand for submarine
power cables and what types of projects will they undertake?
Which geographic areas have the highest capability to supply submarine
What drives the demand for submarine power cable projects?
What types of submarine cable technology will be the most prevalent in
At what rate will the submarine power cable industry grow?
Who are the key players in the submarine power cable market?
What proposed projects will challenge the demand for submarine power
How many high-voltage submarine cables will be installed between 2012 and
What are the notable upcoming projects in the submarine cable market?
Who needs this report?
Suppliers of submarine power cables
Suppliers of power cable components
Submarine power cable installers
Utility companies considering the use of submarine power cables to expand
their existing electrical grids
Transmission system operators (TSOs)
Wind farm operators
Offshore industries interested in linking their operations to the onshore
Renewable energy operators
Energy grid operators
Pike Research's industry analysts utilize a variety of research sources in preparing Research Reports. The key component of Pike Research's analysis is primary research gained from phone and in-person interviews with industry leaders including executives, engineers, and marketing professionals. Analysts are diligent in ensuring that they speak with representatives from every part of the value chain, including but not limited to technology companies, utilities and other service providers, industry associations, government agencies, and the investment community.
Additional analysis includes secondary research conducted by Pike Research's analysts and its staff of research assistants. Where applicable, all secondary research sources are appropriately cited within the Pike Research's reports.
These primary and secondary research sources, combined with the analyst's industry expertise, are synthesized into the qualitative and quantitative analysis presented in Pike Research's reports. Great care is taken in making sure that all analysis is well-supported by facts, but where the facts are unknown and assumptions must be made, analysts document their assumptions and are prepared to explain their methodology, both within the body of a report and in direct conversations with clients.
Pike Research, a part of the Navigant Consulting global Energy Practice, is a market research group whose goal is to present an objective, unbiased view of market opportunities within its coverage areas. Pike Research is not beholden to any special interests and is thus able to offer clear, actionable advice to help clients succeed in the industry, unfettered by technology hype, political agendas, or emotional factors that are inherent in cleantech markets.
About Pike Research
Pike Research, a part of Navigant Consulting's global Energy Practice, is a market research and consulting team that provides in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of these industry sectors.
Table of Contents
Table of Contents
1. Executive Summary
1.1. High-Voltage Submarine Cable Market
1.2. The Technology of a Submarine Cable
2. Market Issues
2.1. Supply Overview
2.1.1. Construction and Deployment Supply Chain
18.104.22.168. Survey and Design
22.214.171.124. Cable Manufacture and Supply
126.96.36.199.1. Raw Materials
188.8.131.52.2. Cable Manufacturers
184.108.40.206. Submarine Cable-Laying Ships
220.127.116.11. Termination Equipment
2.1.2. Regional Supply Overview
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Rest of World
2.1.3. Cost of Building a Cable
188.8.131.52. Cost of Cables for Wind Farms
184.108.40.206. Cost of Cables for Interconnectors
2.2. Global Demand Drivers of High-Voltage Submarine Power Cables
2.2.1. Connecting Islands to Nearby National Power Grids
2.2.2. Connecting National Grids
220.127.116.11. Geothermal Power Generation in Iceland, the Philippines, and
18.104.22.168. European Union Supergrid
22.214.171.124. Bi-Directional HVDC Cables
2.2.3. Connecting Wind Farms and Offshore Power Generation
2.2.4. Other Uses of High-Voltage Submarine Power Cables
126.96.36.199. Power Supply to Offshore Facilities
188.8.131.52. Umbilical Cables
184.108.40.206. Under Lake and In-River Cables
2.2.5. Demand Drivers by Specific Markets
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Rest of World
2.2.6. Summary of Demand Drivers and Challenges
2.3. Subsea Power Cable Regulations and Policies
2.3.1. High Seas Regulation
2.3.2. National and Regional Organizations
126.96.36.199. U.S. Regulations
188.8.131.52. EU Regulations
184.108.40.206. Cable Protection Committees
2.3.3. Cable Risk Management
2.3.4. The Future of Regulations Regarding Submarine Power Transmission
3. Technology Issues
3.1. High-Voltage Submarine Technology Overview
3.1.1. Development of Transmission Technology
220.127.116.11. HVDC Technology and Advantages
18.104.22.168. HVDC Light and Plus Technology and Advantages
22.214.171.124. HVAC Technology and Advantages
126.96.36.199. HVAC Versus HVDC Cables
3.1.2. Technology Development and Progress of AC/DC Rectifiers
188.8.131.52. Mercury Arc Valves
184.108.40.206. Thyristor Converters
3.1.3. Types of Submarine Cable Used
220.127.116.11. Mass-Impregnated Cables
18.104.22.168. Self-Contained Fluid-Filled Cables
22.214.171.124. Extruded Insulation Cables
3.1.4. Installation of Cables and Connection to Main Power Grids
126.96.36.199. Equipment and Technologies Used to Install Cables
188.8.131.52. Cable Landing and Connection to Power Grid
3.2. Challenges and Developments on the Horizon
3.2.1. Prevalence of Certain Technologies in Current Projects
3.2.2. Future Developments in Submarine Electric Cable Technology
High-Voltage Submarine Cables Deployed, Asia Pacific: 2000-2012
Construction and Deployment Cost of High-Voltage Submarine Cable: 2000-2015
Deployed and Active High-Voltage Submarine Cables, North America: 1977-2007
High-Voltage Submarine Cable Deployments by Project Type, Europe: 2000-2012
Deployed and Active High-Voltage Submarine Cables, Europe: 1954-2012
Deployed and Active High-Voltage Submarine Cables, Asia Pacific: 1965-2012
Submarine Transmission Technology by Project Status and Region: 2000-2020
High-Voltage Submarine Cables Deployed Worldwide by 2012
Cables Deployed by Project Type and Technology, World Markets: 2000-2020
Percentage of Cables Deployed by Project Status and Technology, World
Cable Deployment CAGR by Growth Scenario and Region: 2000-2020
Submarine Cable Deployments by Growth Scenario and Region, World Markets:
Proposed High-Voltage Submarine Cables by Project Type, North America:
Proposed High-Voltage Submarine Cables by Project Type, Europe: 2013-2021+
Proposed High-Voltage Submarine Cables by Project Type, Asia Pacific:
Submarine Electricity TransmissionHVDC and HVAC Submarine Power Cables: Supply Constraints, Demand Drivers, Technology Issues, Prominent Projects, Key Industry Players, and Global Market Forecasts published by Navigant Research (formerly Pike Research) in August 6, 2012. This report consists of 126 Pages and the price starts from US $ 3900.
The contents of this page may be different from the latest version. Please contact us for details.
Submarine Electricity Cable Market Demand Will Outpace Availability of Suppliers
August 16th, 2012
Global Information Inc. would like to present a new market research report, "Submarine Electricity TransmissionHVDC and HVAC Submarine Power Cables: Supply Constraints, Demand Drivers, Technology Issues, Prominent Projects, Key Industry Players, and Global Market Forecasts" by Navigant Research (formerly Pike Research).
Demand for submarine cables for electricity transmission is growing steadily, as national governments and regional organizations ramp up efforts to build offshore renewable power generation facilities, link remote landmasses, and interconnect their national grids. Even the most conservative models of existing and planned cables show that the industry will continue to experience substantial growth. According to a new report from Pike Research, a part of Navigants Energy Practice, however, this growth will be impossible to realize using only the current, already strained, channels of supply.
“Purchasers and developers have proposed installing an additional 6,800 kilometers of high-voltage submarine cables in almost 70 new projects around the world over the next six years,” says chief research director Bob Gohn. “This is nearly double the level of construction during the previous five-year period. There are very few companies capable of performing each step in the installation process, from surveying to final installation.”
Gohn adds that the primary limitation on the growth of this industry is the constricted supply of the cables themselves. Only a handful of manufacturers are capable of delivering cables at the capacity and length often required by todays grid operators, and as projects become more ambitious in terms of cable depth, the field of suppliers becomes even smaller. The current supply chain is only capable of fulfilling half of the planned cables over the next five years, the report concludes. Barriers to entry in this sector are steep, meaning that the submarine cable manufacturing market is unlikely to grow by leaps and bounds in the coming five years.
Responding to projected shortfalls, major manufacturers are expanding existing manufacturing plants, opening new facilities, and continuing to research better and more efficient methods for manufacturing the products required for high-voltage submarine cable deployments. The development of a vibrant second tier of manufacturers that act as subcontractors to the major companies could also help offset the supply bottlenecks. Still, such upgrades to the supply chain will not be enough to keep up with demand if a majority of the planned cables comes to fruition in the next five years, the report finds.
The report, “Submarine Electricity Transmission”, provides a comprehensive analysis of the worldwide market opportunity for submarine HVDC and HVAC power cable projects, including an assessment of demand drivers and supply chain dynamics, both currently and in the years ahead. The study features in-depth profiles of more than 25 key industry players and case studies of more than 30 notable high-voltage submarine cable projects. Market forecasts are provided for submarine cable projects through 2021, segmented by world region and including three different growth scenarios.