South America Submarine Power Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Conductor Material, Voltage, and Application

List of Tables

The South America submarine power cable market is expected to grow from US$ 267.27 million in 2021 to US$ 372.11 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Future Opportunities for Submarine Power Cable Market is Driving the South America Submarine Power Cable Market

The constantly rising investments across the globe on several offshore oil and gas projects, offshore wind farms, and intercountry power transmission projects is expected to increase the demand for submarine power cables across the globe. Some of the major investments and initiatives to be mentioned are:

Brazil's offshore renaissance aims to increase crude output by a factor of two by 2030. Brazil is expected to add more crude output than any other country outside of the United States and OPEC until 2026. While the rest of the world cut back on oil production because to the epidemic, Brazil was one of the only non-OPEC countries to increase output, adding more than any other non-OPEC country except Norway. By 2030, it aims to treble crude output and become the world's fifth-largest exporter.

Latin America also has a strong pipeline for building wind energy farms. According to the market study, the Latin American region plans to build 120 2000 GW of wind farms by 2050.

These huge investment by several countries across all submarine power cable applications is expected to propel the demand for submarine power over the forecast period.

South America Submarine Power Cable Market Overview

The South American submarine power cable market is further segmented into Brazil, Argentina, and the Rest of South America. Exploration and production of oil and natural gas are important activity for countries like Brazil. They also want to expand their reserves and output to ensure that we can satisfy the rising energy demand. Most Brazil's oil reserves are offshore fields, requiring drilling to reach ever-greater depths. More than 10 additional production systems are projected to come online during the next five years, resulting in a 5% increase in production by 2023. In 2019, the country produced 2.8 million boa (barrels of oil equivalent) of total oil and gas (both domestically and internationally). Brazil is estimated to contribute roughly 23% of global offshore crude oil and condensate production in 2025, or 1.3 million barrels per day (mmbd), from important planned and announced projects (new-build projects) that are expected to start operations between 2021 and 2025. Thus, just high investments on offshore oil and gas rigs across the country is propelling the growth of the submarine power cables market across the region over the forecast period.

South America Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)

South America Submarine power cable Market Segmentation

The South America submarine power cable market t is segmented into type, conductor material, voltage, application, and country.

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

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

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

Based on application, the South America 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 South America market in 2021.

Based on country, the South America submarine power cable market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America 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; and ZT International Ltd are the leading companies operating in the South America 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 South America 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 South America 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 South America market trends and outlook coupled with the factors driving the submarine power cable market, as well as those hindering it
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Product Code: BMIRE00028132

1. Introduction

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

2. SAM Submarine Power Cable Market- Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SAM Submarine Power Cable Market Landscape

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

5. SAM 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 - SAM Market Analysis

6.1 SAM Submarine Power Cable Market Forecast and Analysis

7. SAM Submarine Power Cable Market Analysis - By Type

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

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

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

9. SAM Submarine Power Cable Market Analysis - By Voltage

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

10. SAM Submarine Power Cable Market Analysis - By Application

10.1 Overview
10.2 SAM 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: SAM 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: 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. SAM Submarine Power Cable Market - Country Analysis

11.1 Overview
- 11.1.1 SAM: Submarine Power Cable Market, by Key Country
  - 11.1.1.1 Brazil: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.1.1 Brazil: Submarine Power Cable Market, By Type
    - 11.1.1.1.2 Brazil: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.1.3 Brazil: Submarine Power Cable Market, by Voltage
    - 11.1.1.1.3.1 Brazil: Submarine Power Cable Market, by High Voltage
    - 11.1.1.1.3.2 Brazil: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.1.4 Brazil: Submarine Power Cable Market, by Application
  - 11.1.1.2 Argentina: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.2.1 Argentina: Submarine Power Cable Market, By Type
    - 11.1.1.2.2 Argentina: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.2.3 Argentina: Submarine Power Cable Market, by Voltage
    - 11.1.1.2.3.1 Argentina: Submarine Power Cable Market, by High Voltage
    - 11.1.1.2.3.2 Argentina: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.2.4 Argentina: Submarine Power Cable Market, by Application
  - 11.1.1.3 Rest of SAM: Submarine Power Cable Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.3.1 Rest of SAM: Submarine Power Cable Market, By Type
    - 11.1.1.3.2 Rest of SAM: Submarine Power Cable Market, by Conductor Material
    - 11.1.1.3.3 Rest of SAM: Submarine Power Cable Market, by Voltage
    - 11.1.1.3.3.1 Rest of SAM: Submarine Power Cable Market, by High Voltage
    - 11.1.1.3.3.2 Rest of SAM: Submarine Power Cable Market, by Medium Voltage
    - 11.1.1.3.4 Rest of SAM: 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 ZT 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 LS Cable & System Ltd.
- 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 KEI Industries Limited
- 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 Sumitomo Electric Industries, Ltd.
- 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 FURUKAWA ELECTRIC CO., 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 NKT A/S
- 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 HENGTONG GROUP CO.,LTD.
- 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

14. Appendix

14.1 About The Insight Partners
14.2 Glossary