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Submarine Electricity Transmission - 4Q 2013

Submarine Electricity Transmission Market Growth: the high-voltage submarine cable market will realize $33.8 billion in cumulative revenue between 2014 and 2023 under a conservative scenario.

Even the most conservative growth models show that the high-voltage submarine cables industry will expand rapidly, and the supply chain has expanded over the past few years to meet this projected demand. In addition to the established, experienced market participants, new market entrants have begun to win contracts to supply some of the smaller, less complex cables. With fewer limitations in the supply chain, the primary restraints on the submarine cable market in the foreseeable future are restrictions in financing and regulatory roadblocks.

Research Description:

HVDC and HVAC Submarine Power Cables: Supply Constraints, Demand Drivers, Technology Issues, Prominent Projects, Key Industry Players, and Global Market Forecasts

The Submarine Electricity Transmission report analyzes the global market for high-voltage submarine cables, including cables to connect offshore renewable energy generation, grid interconnectors, and cables to connect remote landmasses. The study provides an analysis of the significant demand drivers for deploying high-voltage submarine cables and the related market issues. Global market forecasts for demand and revenue from high-voltage submarine cables, segmented by world region, project and cable type, technology, and growth scenario, extend through 2023. The report also examines the main technology issues and profiles the key industry players.

Key Questions Addressed:

  • What are the primary uses for high-voltage submarine power cables and what is driving demand?
  • Which geographic areas have the highest capability to supply submarine power cables?
  • What types of submarine cable technology will be the most prevalent in future projects?
  • How quickly 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 cables?
  • How many high-voltage submarine cables will be installed through 2023?

Table of Contents

1. Executive Summary

  • 1.1. High-Voltage Submarine Cable Market Overview
  • 1.2. HV Submarine Cable Revenue
  • 1.3. Summary

2. Market Issues

  • 2.1. Supply Overview
    • 2.1.1. Construction and Installation Supply Chain
      • 2.1.1.1. Survey and Design
      • 2.1.1.2. Cable Manufacture and Supply
        • 2.1.1.2.1. Raw Materials
        • 2.1.1.2.2. Cable Manufacturers
      • 2.1.1.3. Submarine Cable-Laying Ships
      • 2.1.1.4. Termination Equipment
    • 2.1.2. Regional Supply Overview
      • 2.1.2.1. North America
      • 2.1.2.2. Europe
      • 2.1.2.3. Asia Pacific
      • 2.1.2.4. Rest of World
    • 2.1.3. Cost of Building a Cable
      • 2.1.3.1. Cost of Cables for Wind Farms
      • 2.1.3.2. Cost of Cables for Interconnectors
  • 2.2. Global Demand Drivers for High-Voltage Submarine Power Cables
    • 2.2.1. Connecting Islands to Nearby National Power Grids
    • 2.2.2. Connecting National Grids
      • 2.2.2.1. Geothermal Power Generation in Iceland, the Philippines, and Nevis
      • 2.2.2.2. EU Supergrid
      • 2.2.2.3. Bidirectional HVDC Cables
    • 2.2.3. Connecting Wind Farms and Offshore Power Generation
    • 2.2.4. Other Uses of HV Submarine Power Cables
      • 2.2.4.1. Power Supply to Offshore Facilities
      • 2.2.4.2. Umbilical Cables
      • 2.2.4.3. Under Lake and In-River Cables
    • 2.2.5. Demand Drivers by Regional Market
      • 2.2.5.1. North America
      • 2.2.5.2. Europe
      • 2.2.5.3. Asia Pacific
      • 2.2.5.4. 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
      • 2.3.2.1. U.S. Regulations
      • 2.3.2.2. EU Regulations
      • 2.3.2.3. Cable Protection Committees
    • 2.3.3. The Future of Regulations Regarding Submarine Power Transmission

3. Technology Issues

  • 3.1. HV Submarine Technology Overview
  • 3.2. Advancements of Transmission Technology
    • 3.2.1. HVDC Technology and Advantages
    • 3.2.2. HVDC Light and PLUS Technology and Advantages
    • 3.2.3. HVAC Technology and Advantages
    • 3.2.4. HVAC versus HVDC Cables
  • 3.3. Technology Development of AC/DC Rectifiers
    • 3.3.1. Mercury Arc Valves
    • 3.3.2. Thyristor Converters
  • 3.4. Types of Submarine Cable
    • 3.4.1. Mass-Impregnated Cables
    • 3.4.2. Self-Contained Fluid-Filled Cables
    • 3.4.3. Extruded Insulation Cables
  • 3.5. Installation of Cables and Connection to Main Power Grids
    • 3.5.1. Equipment and Technologies Used to Install Cables
    • 3.5.2. Cable Landing and Connection to Power Grid
  • 3.6. Challenges and Developments on the Horizon
    • 3.6.1. Prevalence of Certain Technologies in Current Projects
    • 3.6.2. Future Developments in Submarine Electric Cable Technology

4. Key Industry Players

  • 4.1. Cable and Equipment Manufacturers
    • 4.1.1. ABB
    • 4.1.2. J-Power Systems
    • 4.1.3. LS Cable & System
    • 4.1.4. Nexans
    • 4.1.5. nkt cables
    • 4.1.6. Norddeutsche Seekabelwerke (NSW)
    • 4.1.7. Prysmian
    • 4.1.8. VISCAS
    • 4.1.9. Jiangsu Zhongtian Technology Co., Ltd (ZTT)
  • 4.2. Power and Utility Companies
    • 4.2.1. China Southern Power Grid (CSG)
    • 4.2.2. China Light & Power Company Syndicate (CLP)
    • 4.2.3. DONG Energy
    • 4.2.4. Energinet.dk
    • 4.2.5. Korea Electric Power Corporation (KEPCO)
    • 4.2.6. Red Eléctrica de España (REE)
    • 4.2.7. Rhenish-Westphalian Electric Power Company (RWE)
    • 4.2.8. Statnett
    • 4.2.9. TenneT Holding B.V.
    • 4.2.10 Terna SPA
    • 4.2.11 Vattenfall
  • 4.3. Notable HV Submarine Cable Projects

5. Market Forecasts

  • 5.1. Supply and Demand Market Forecast Summary
    • 5.1.1. North American Outlook
      • 5.1.1.1. North American Submarine Cable Supply
      • 5.1.1.2. North American Demand Forecast
      • 5.1.1.3. The Future of the North American Market
    • 5.1.2. European Outlook
      • 5.1.2.1. European Submarine Cable Supply
      • 5.1.2.2. European Demand Forecast
      • 5.1.2.3. The Future of the European Market
    • 5.1.3. Asia Pacific Outlook
      • 5.1.3.1. Asia Pacific Submarine Cable Supply
      • 5.1.3.2. Asia Pacific Demand Outlook
      • 5.1.3.3. The Future of the Asia Pacific Market
    • 5.1.4. Rest of World Outlook
  • 5.2. Revenue Projections
    • 5.2.1. North American Revenue Projections
    • 5.2.2. European Revenue Projections
    • 5.2.3. Asia Pacific Revenue Projections
  • 5.3. Conclusions and Recommendations
    • 5.3.1. Supply and Demand Market
    • 5.3.2. Technology and Policy

List of Charts, Figures and Tables

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