Middle East & Africa Submarine Power Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Conductor Material, Voltage, and Application

List of Tables

The Middle East & Africa submarine power cable market is expected to grow from US$ 164.24 million in 2021 to US$ 242.29 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

Rise in Development of Underwater Data Center is Driving the Middle East & Africa Submarine Power Cable Market

Underwater data centers have been gaining momentum over the years owing to various factors such as lack of space above the ground, increased effectiveness due to fewer failures, and serving a larger section of people at a lower cost. These factors have increased the investment on underwater data centers. Two type of submarine cables are used in these data centers that is one for transferring data and the other are power cables for powering the whole data center and its operations under the sea. These factors are expected to increase the demand for subsea cable systems, thereby creating lucrative demand for submarine power cables for powering the whole data center operations below the sea, thereby contributing to the growth of the Middle East & Africa submarine power cable market .

Middle East & Africa Submarine Power Cable Market Overview

The Middle East & Africa submarine power cable market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East and Africa. The oil and gas landscape in the Middle East has changed dramatically in recent years with investments in a wider range of projects, including LNG and technical offshore projects. This trend is expected to continue in the coming years with a projected offshore exploration spending of fivefold by 2025. A few of the major projects ongoing across the region include the enhancement of the production capacity of Zakum in Abu Dhabi, and Abu Dhabi Northwest Development - Hail and Ghasha Sour Gas. Such a rise in investments in offshore oil and gas plants is expected to trigger the demand for submarine power cable systems across the Middle East & Africa.

Samsung C&T Corporation has given Sumitomo Electric Industries, Ltd. a limited notice to proceed (LNTP) to supply a high-voltage direct current (HVDC) cable to Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE). Sumitomo Electric's state-of-the-art 400 kV DC Cross-Linked Polyethylene (XLPE) cable technology was used to build the Middle East's first submarine HVDC network (route length of approximately 140 km). By 2050, the United Arab Emirates has set a national objective of zero greenhouse gas emissions (Net-zero by 2050 Strategic Initiative). This project intends to produce a considerable decrease in CO2 emissions by supplying sustainable power from the mainland via the HVDC transmission infrastructure connecting the UAE mainland with Das Island in the Persian Gulf, in accordance with the plan.

Middle East & Africa Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Submarine power cable Market Segmentation

The Middle East & Africa submarine power cable market is segmented into type, conductor material, voltage, application, and country.

Based on type, the Middle East & Africa submarine power cable market is bifurcated into multicore, single core. The single core segment accounted for the highest share in the Middle East & Africa submarine power cable market in 2021.

Based on conductor material, the Middle East & Africa submarine power cable market is segmented into copper and Aluminum. The copper segment accounted for the highest share in the Middle East & Africa market in 2021.

Based on voltage, the Middle East & Africa submarine power cable market is segmented into high voltage, and medium voltage. The high voltage accounted for a higher share in the Middle East & Africa submarine power cable market in 2021.

Based on application, the Middle East & Africa submarine power cable market is segmented into offshore oil and gas, offshore wind power, inter-country and island connection, and others. The offshore wind power segment accounted for the highest share in the submarine power cable Middle East & Africa market in 2021.

Based on country, the Middle East & Africa submarine power cable market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa submarine power cable market share in 2021.

Sumitomo Electric Industries Ltd; FURUKAWA ELECTRIC CO. LTD; HENGTONG GROUP CO. LTD; KEI Industries Limited; LS Cable & System Ltd; Hydro Group Plc; and ZT International Ltd are the leading companies operating in the Middle East & Africa submarine power cable market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa submarine power cable market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa submarine power cable market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the submarine power cable market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: BMIRE00028124

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. MEA Submarine Power Cable Market- Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. MEA Submarine Power Cable Market Landscape

4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. MEA Submarine Power Cable Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Investment on Offshore Wind Energy Plants
- 5.1.2 Rise in Cross Country Submarine Connections for Power Transmission
5.2 Market Restraints
- 5.2.1 Longer Life Span of Submarine Power Cable
5.3 Market Opportunities
- 5.3.1 Future Opportunities for Submarine Power Cable Market
5.4 Future Trends
- 5.4.1 Rise in Development of Underwater Data Center
5.5 Impact Analysis of Drivers and Restraints

6. Submarine Power Cable Market - MEA Market Analysis

6.1 MEA Submarine Power Cable Market Forecast and Analysis

7. MEA Submarine Power Cable Market Analysis - By Type

7.1 Overview
7.2 MEA Submarine Power Cable Market Breakdown, by Type, 2020 and 2028
7.3 Multicore
- 7.3.1 Overview
- 7.3.2 Multicore: MEA Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
7.4 Single Core
- 7.4.1 Overview
- 7.4.2 Single Core: MEA Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)

8. MEA Submarine Power Cable Market Analysis - By Conductor Material

8.1 Overview
8.2 MEA Submarine Power Cable Market, by Conductor Material (2020 and 2028)
8.3 Copper
- 8.3.1 Overview
- 8.3.2 Copper: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
- 8.4.1 Overview
- 8.4.2 Aluminium: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)

9. MEA Submarine Power Cable Market Analysis - By Voltage

9.1 Overview
9.2 MEA Submarine Power Cable Market, by Voltage (2020 and 2028)
9.3 High Voltage
- 9.3.1 Overview
- 9.3.2 High Voltage: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Voltage
- 9.4.1 Overview
- 9.4.2 Medium Voltage: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)

10. MEA Submarine Power Cable Market Analysis - By Application

10.1 Overview
10.2 MEA Submarine Power Cable Market, by Application (2020 and 2028)
10.3 Offshore Oil and Gas
- 10.3.1 Overview
- 10.3.2 Offshore Oil and Gas: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Offshore Wind Power
- 10.4.1 Overview
- 10.4.2 Offshore Wind Power: MEA Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Inter-Country and Island Connection
- 10.5.1 Overview
- 10.5.2 Inter-Country and Island Connection: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)

11. MEA Submarine Power Cable Market - Country Analysis

11.1 Overview
- 11.1.1 MEA: Submarine Power Cable Market, by Key Country
  - 11.1.1.1 Saudi Arabia: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.1.1 Saudi Arabia: Submarine Power Cable Market, By Type
    - 11.1.1.1.2 Saudi Arabia: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.1.3 Saudi Arabia: Submarine Power Cable Market, by Voltage
    - 11.1.1.1.3.1 Saudi Arabia: Submarine Power Cable Market, by High Voltage
    - 11.1.1.1.3.2 Saudi Arabia: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.1.4 Saudi Arabia: Submarine Power Cable Market, by Application
  - 11.1.1.2 UAE: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.2.1 UAE: Submarine Power Cable Market, By Type
    - 11.1.1.2.2 UAE: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.2.3 UAE: Submarine Power Cable Market, by Voltage
    - 11.1.1.2.3.1 UAE: Submarine Power Cable Market, by High Voltage
    - 11.1.1.2.3.2 UAE: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.2.4 UAE: Submarine Power Cable Market, by Application
  - 11.1.1.3 South Africa: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.3.1 South Africa: Submarine Power Cable Market, By Type
    - 11.1.1.3.2 South Africa: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.3.3 South Africa: Submarine Power Cable Market, by Voltage
    - 11.1.1.3.3.1 South Africa: Submarine Power Cable Market, by High Voltage
    - 11.1.1.3.3.2 South Africa: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.3.4 South Africa: Submarine Power Cable Market, by Application
  - 11.1.1.4 Rest of MEA: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.4.1 Rest of MEA: Submarine Power Cable Market, By Type
    - 11.1.1.4.2 Rest of MEA: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.4.3 Rest of MEA: Submarine Power Cable Market, by Voltage
    - 11.1.1.4.3.1 Rest of MEA: Submarine Power Cable Market, by High Voltage
    - 11.1.1.4.3.2 Rest of MEA: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.4.4 Rest of MEA: Submarine Power Cable Market, by Application

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles

13.1 TZT International Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Hydro Group
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 LS Cable & System Ltd.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 KEI Industries Limited
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Sumitomo Electric Industries, Ltd.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 FURUKAWA ELECTRIC CO., LTD.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 NKT A/S
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 HENGTONG GROUP CO.,LTD.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Glossary