Submarine Power Cable Market Size, Share, Trend, Forecast, & Industry Analysis

Myra1018 Apr, 2024News

The submarine power cable market was estimated to grow from USD 6.97 billion in 2021 to USD 19 billion by 2028 at an impressive CAGR of 15.15% during the forecast period. Major factors such as continuous expansion of oil & gas platforms coupled with increasing deployment of wind farms, high investments by government departments and private firms, integration of energy efficient operational environment are expected to drive the growth of the market during the forecast period.