The submarine power cable market utilizes several technologies in the manufacturing and installation of these cables. Some of the key technologies used in the submarine power cable market include:
Insulation Technology: The cables require high-performance insulation to ensure that they can operate effectively in harsh underwater environments. Materials such as XLPE (cross-linked polyethylene), EPR (ethylene propylene rubber), and PILC (paper insulated lead covered) are commonly used.
Cable Design: The design of submarine power cables is critical to ensure optimal performance and durability. Cables are designed with layers of insulation, conductors, and protective sheathing to withstand the high pressure, corrosion, and other environmental factors of the underwater environment.
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Manufacturing Technology: Submarine power cables are manufactured using specialized equipment and processes to ensure that they meet stringent quality and performance standards. Technologies such as extrusion and curing, cable wrapping, and cable laying are commonly used in the manufacturing process.
Installation Technology: Installing submarine power cables involves complex processes that require specialized equipment and expertise. Technologies such as subsea trenching, ploughing, and horizontal directional drilling are used to lay the cables on the seabed and connect them to offshore wind farms or power grids.
Monitoring Technology: Continuous monitoring of submarine power cables is essential to ensure their long-term reliability and performance. Technologies such as fiber optic sensing, acoustic monitoring, and cable burial depth monitoring are used to detect any faults or damage to the cables and to assess their performance over time.
Submarine Power Cable Market Overview:
The global Submarine Power Cable Market is expected to reach USD 19,071.3 million by 2027 with CAGR of 12.5% during the forecast period of 2023 to 2030.
Market segmentation:
This market is segmented into five major groups that are type, type of insulation, voltage, conductor material, and end-use.
Based on the type of this market is segmented into the single-core and multi-core. Based on the type of insulation this is divided into cross-linked polyethylene (Xlpe) and Ethylene Propylene rubber (Epr).
Based on voltage this is divided into the up to 66Kv, 66Kv to 220 Kv, and above 220 kV. Based on the conductor material is divided into Copper and Aluminium. And in last based on the end-use of the product, this is divided into Offshore wind power generation, offshore Oil gas, island connection, and Wave tidal power generation.
Key Players
- Prysmian Group
- NKT A/S
- Nexans SA
- Sumitomo Electric Industries Limited
- ABB Ltd.
