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Wireless/Telecom News Releases
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(Wireless-NewsWire.Com, February 22, 2018 ) Submarine power cables are used to transmit electricity below the ocean, that is, deep under the sea bed. These cables are used to transfer electricity from offshore wind turbines, tidal power projects, and onshore locations to oil rigs as well as to transmit electricity across countries or islands. Countries such as the UK and Germany that generate huge amounts of renewable energy through wind turbines use submarine power cables to export it to neighboring countries having less energy generation capacity.
Publisher's analysts forecast the global submarine power cable market to grow at a CAGR of 5.12% during the period 2017-2021.
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the increasing environmental concerns will force various economies to generate power using renewable sources of energy. As a result, the number of renewable projects such as wind and tidal energy projects is increasing among most of the countries, which in turn, will boost the demand for submarine power cable wire or subsea cable. Research analysis on the global submarine power cable market identifies that the increasing need for inter-country and island connections will be one of the major factors that will have a positive impact on the growth of the market. France - the UK, Belgium - the UK, and Ireland - the UK are some of the projects that are in progress.
Key vendors
-General Cable Technologies
-Nexans
-NKT Group
-Prysmian Group
-Sumitomo Electric Industries
Other prominent vendors
-Belden
-Hangzhou Cable
-Hengtong Marine Cable System
-KEI Industries
-LS Cable & System
-Southwire
-ZTT
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Market driver
-Increasing inter-country and island connections
Market challenge
-Damages caused to cables by human interventions
Market trend
-Bladeless wind turbines
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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