The report Subsea Power Grid Market (2018-2023) provides market intelligence on the different segments of the Energy & Power category, based on type of formulation and geography. Market size and forecast has been provided in terms of both, Value and Volume in the report. A detailed qualitative analysis of the factors responsible for driving and restraining growth and future market opportunities have also been discussed
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The demand for energy is expected to increase by 1.4% per year till 2040, with oil & natural gas contributing to approximately half the need. However, the global onshore oilfields are maturing and depleting, thereby, further increasing the gap between energy demand and supply. With the depletion of existing onshore oil and gas reserves, the oil & gas industry is witnessing an upward trend in the quest for deepwater oil and gas exploration & production (E&P) activities. Offshore exploration & production remains a complex operation, which requires cost-efficient subsea processing developments, especially for long step-outs, marginal and dispersed fields frequently located in deep and ultra-deep waters, which requires a failsafe power supply, and in massive quantities. With the offshore E&P activities moving farther offshore and deeper, the demand for subsea power grids is expected to increase significantly during the forecast period. Furthermore, the offshore wind farms deployment is gaining wide popularity across regions and is expected to register a high growth rate, during 2018-2023 (the forecast period).
Subsea Power Grid Market by Companies:
ABB Ltd, Siemens AG, Schneider Electric SE, General Electric Company, Nexans SA, Schlumberger Limited, Aker Solutions ASA, JDR Cable Systems Ltd, BPP Cables Ltd, and Parker-Hannifin Corp., amongst others.
Subsea Power Grid Market Dynamics
Geographically, Subsea Power Grid market split globally into several key Regions, with sales (Units), revenue (Million USD), market share and growth rate of Subsea Power Grid for these regions, from 2018 to 2023 (forecast), covering
US, Canada, UK, Norway, Denmark, China, India, Indonesia, Australia, Brazil, Argentina, Saudi Arabia, UAE, Nigeria, Angola
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Key Developments in the Subsea Power Grid Market:
October 2017: Nexans has been selected by the EPC contractor Hyundai Heavy Industries (HHI) as the sole cable supplier for the second package for Nasr Phase II full field development project.
August 2017: Eni Norge joins Siemens Subsea Power Grid Joint Industry Program (JIP).
Reasons to Purchase this Report
- Analysing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed TOC of Global Subsea Power Grid Market – Growth, Trends, Forecast and Challenges (2018 – 2023)
- Research Methodology
- Executive Summary
- Market Overview and Trends of Subsea Power Grid Market
- Market Dynamics of Subsea Power Grid Market
- Global Subsea Power Grid Market Segmentation, By Capacity
- Global Subsea Power Grid Market Segmentation, By Material Type
- Global Subsea Power Grid Market Segmentation, Segmented by Region
- Competitive Landscape and Introduction of Subsea Power Grid Market
- Key Vendor Analysis (Overview, Products & Services, Strategies)
And Many More….
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