PUBLISHER: Lucintel | PRODUCT CODE: 1417153
PUBLISHER: Lucintel | PRODUCT CODE: 1417153
The future of the global electric submersible cable market looks promising with opportunities in the oil & gas, agriculture, mining, and construction markets. The global electric submersible cable market is expected to reach an estimated $5.7 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing demand for renewable energy resources, continual infrastructural development, and rapid expansion of subsea communication network.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global electric submersible cable by cable type, insulation, application, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric submersible cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric submersible cable companies profiled in this report include-
Lucintel forecasts that ESP round power cable is expected to witness the highest growth over the forecast period due to its greater efficiency, flexibility, durability, and established industry standards.
Within this market, oil and gas is expected to witness the highest growth due to increasing use of electric submersible cables in this sector for mining, control circuits, and temporary power.
North America is expected to witness highest growth over the forecast period.
Market Size Estimates: Electric submersible cable market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric submersible cable market size by cable type, insulation, application, and region in terms of value ($B).
Regional Analysis: Electric submersible cable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different cable types, insulations, applications, and regions for the electric submersible cable market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric submersible cable market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the electric submersible cable market size?
Answer: The global electric submersible cable market is expected to reach an estimated $5.7 billion by 2030.
Q2. What is the growth forecast for electric submersible cable market?
Answer: The global electric submersible cable market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electric submersible cable market?
Answer: The major drivers for this market are growing demand for renewable energy resources, continual infrastructural development and rapid expansion of subsea communication network.
Q4. What are the major segments for electric submersible cable market?
Answer: The future of the electric submersible cable market looks promising with opportunities in the oil & gas, agriculture, mining, and construction markets.
Q5. Who are the key electric submersible cable market companies?
Answer: Some of the key electric submersible cable companies are as follows.
Q6. Which electric submersible cable market segment will be the largest in future?
Answer: Lucintel forecasts that ESP round power cable is expected to witness the highest growth over the forecast period due to its greater efficiency, flexibility, durability, and established industry standards.
Q7. In electric submersible cable market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.