Middle East & Africa Submarine Power Cable Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Multicore and Single Core), Conductor Material (Copper and Aluminum), Voltage (High Voltage and Medium Voltage), and Application (Offshore Oil and Gas, Offshore Wind Power, and Inter-Country & Island Connection)
The Middle East & Africa submarine power cable market is expected to grow from US$ 164.24 million in 2021 to US$ 242.29 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
Rise in Development of Underwater Data Center is Driving the Middle East & Africa Submarine Power Cable Market
Underwater data centers have been gaining momentum over the years owing to various factors such as lack of space above the ground, increased effectiveness due to fewer failures, and serving a larger section of people at a lower cost. These factors have increased the investment on underwater data centers. Two type of submarine cables are used in these data centers that is one for transferring data and the other are power cables for powering the whole data center and its operations under the sea. These factors are expected to increase the demand for subsea cable systems, thereby creating lucrative demand for submarine power cables for powering the whole data center operations below the sea, thereby contributing to the growth of the Middle East & Africa submarine power cable market.
Middle East & Africa Submarine Power Cable Market Overview
The Middle East & Africa submarine power cable market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East and Africa. The oil and gas landscape in the Middle East has changed dramatically in recent years with investments in a wider range of projects, including LNG and technical offshore projects. This trend is expected to continue in the coming years with a projected offshore exploration spending of fivefold by 2025. A few of the major projects ongoing across the region include the enhancement of the production capacity of Zakum in Abu Dhabi, and Abu Dhabi Northwest Development – Hail and Ghasha Sour Gas. Such a rise in investments in offshore oil and gas plants is expected to trigger the demand for submarine power cable systems across the Middle East & Africa.
Samsung C&T Corporation has given Sumitomo Electric Industries, Ltd. a limited notice to proceed (LNTP) to supply a high-voltage direct current (HVDC) cable to Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE). Sumitomo Electric's state-of-the-art 400 kV DC Cross-Linked Polyethylene (XLPE) cable technology was used to build the Middle East's first submarine HVDC network (route length of approximately 140 km). By 2050, the United Arab Emirates has set a national objective of zero greenhouse gas emissions (Net-zero by 2050 Strategic Initiative). This project intends to produce a considerable decrease in CO2 emissions by supplying sustainable power from the mainland via the HVDC transmission infrastructure connecting the UAE mainland with Das Island in the Persian Gulf, in accordance with the plan.
Middle East & Africa Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Submarine power cable Market Segmentation
The Middle East & Africa submarine power cable market is segmented into type, conductor material, voltage, application, and country.
Based on type, the Middle East & Africa submarine power cable market is bifurcated into multicore, single core. The single core segment accounted for the highest share in the Middle East & Africa submarine power cable market in 2021.
Based on conductor material, the Middle East & Africa submarine power cable market is segmented into copper and Aluminum. The copper segment accounted for the highest share in the Middle East & Africa market in 2021.
Based on voltage, the Middle East & Africa submarine power cable market is segmented into high voltage, and medium voltage. The high voltage accounted for a higher share in the Middle East & Africa submarine power cable market in 2021.
Based on application, the Middle East & Africa 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 Middle East & Africa market in 2021.
Based on country, the Middle East & Africa submarine power cable market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa 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; Hydro Group Plc; and ZT International Ltd are the leading companies operating in the Middle East & Africa submarine power cable market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Middle East Africa Submarine Power Cable Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East Africa Submarine Power Cable Market Landscape
4.1 Market Overview
4.2 Middle East Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East Africa 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 – Middle East Africa Market Analysis
6.1 Middle East Africa Submarine Power Cable Market Forecast and Analysis
7. Middle East Africa Submarine Power Cable Market Analysis – By Type
7.1 Overview
7.2 Middle East Africa Submarine Power Cable Market Breakdown, by Type, 2020 and 2028
7.3 Multicore
7.3.1 Overview
7.3.2 Multicore: Middle East Africa Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
7.4 Single Core
7.4.1 Overview
7.4.2 Single Core: Middle East Africa Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
8. Middle East Africa Submarine Power Cable Market Analysis – By Conductor Material
8.1 Overview
8.2 Middle East Africa Submarine Power Cable Market, by Conductor Material (2020 and 2028)
8.3 Copper
8.3.1 Overview
8.3.2 Copper: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminium: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East Africa Submarine Power Cable Market Analysis – By Voltage
9.1 Overview
9.2 Middle East Africa Submarine Power Cable Market, by Voltage (2020 and 2028)
9.3 High Voltage
9.3.1 Overview
9.3.2 High Voltage: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Voltage
9.4.1 Overview
9.4.2 Medium Voltage: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East Africa Submarine Power Cable Market Analysis – By Application
10.1 Overview
10.2 Middle East Africa 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: Middle East Africa 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: Middle East Africa 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. Middle East Africa Submarine Power Cable Market – Country Analysis
11.1 Overview
11.1.1 Middle East Africa: Submarine Power Cable Market, by Key Country
11.1.1.1 Saudi Arabia: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Saudi Arabia: Submarine Power Cable Market, By Type
11.1.1.1.2 Saudi Arabia: Submarine Power Cable Market, by Conductor Material
11.1.1.1.3 Saudi Arabia: Submarine Power Cable Market, by Voltage
11.1.1.1.3.1 Saudi Arabia: Submarine Power Cable Market, by High Voltage
11.1.1.1.3.2 Saudi Arabia: Submarine Power Cable Market, by Medium Voltage
11.1.1.1.4 Saudi Arabia: Submarine Power Cable Market, by Application
11.1.1.2 UAE: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 UAE: Submarine Power Cable Market, By Type
11.1.1.2.2 UAE: Submarine Power Cable Market, by Conductor Material
11.1.1.2.3 UAE: Submarine Power Cable Market, by Voltage
11.1.1.2.3.1 UAE: Submarine Power Cable Market, by High Voltage
11.1.1.2.3.2 UAE: Submarine Power Cable Market, by Medium Voltage
11.1.1.2.4 UAE: Submarine Power Cable Market, by Application
11.1.1.3 South Africa: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 South Africa: Submarine Power Cable Market, By Type
11.1.1.3.2 South Africa: Submarine Power Cable Market, by Conductor Material
11.1.1.3.3 South Africa: Submarine Power Cable Market, by Voltage
11.1.1.3.3.1 South Africa: Submarine Power Cable Market, by High Voltage
11.1.1.3.3.2 South Africa: Submarine Power Cable Market, by Medium Voltage
11.1.1.3.4 South Africa: Submarine Power Cable Market, by Application
11.1.1.4 Rest of Middle East Africa: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of Middle East Africa: Submarine Power Cable Market, By Type
11.1.1.4.2 Rest of Middle East Africa: Submarine Power Cable Market, by Conductor Material
11.1.1.4.3 Rest of Middle East Africa: Submarine Power Cable Market, by Voltage
11.1.1.4.3.1 Rest of Middle East Africa: Submarine Power Cable Market, by High Voltage
11.1.1.4.3.2 Rest of Middle East Africa: Submarine Power Cable Market, by Medium Voltage
11.1.1.4.4 Rest of Middle East Africa: 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 TZT 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 Hydro Group
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 LS Cable & System Ltd.
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 KEI Industries Limited
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 Sumitomo Electric Industries, 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 FURUKAWA ELECTRIC CO., LTD.
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 NKT A/S
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
13.8 HENGTONG GROUP CO.,LTD.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Middle East Africa Submarine Power Cable Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Middle East Africa: Submarine Power Cable Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 14. UAE: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Africa: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. South Africa: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Africa: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Africa: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Africa: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Africa: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Middle East Africa: Submarine Power Cable Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Middle East Africa: Submarine Power Cable Market, by Conductor Material – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Middle East Africa: Submarine Power Cable Market, by Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Middle East Africa: Submarine Power Cable Market, by High Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Middle East Africa: Submarine Power Cable Market, by Medium Voltage – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Middle East Africa: Submarine Power Cable Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Glossary of terms, Middle East Africa Submarine Power Cable Market
LIST OF FIGURES
Figure 1. Middle East Africa Submarine Power Cable Market Segmentation
Figure 2. Middle East Africa Submarine Power Cable Market Segmentation – By Country
Figure 3. Middle East Africa Submarine Power Cable Market Overview
Figure 4. Single Core Held the Highest Share in Middle East Africa Submarine Power Cable Market in 2020
Figure 5. Middle East Africa Submarine Power Cable Market, by Country
Figure 6. Middle East Africa – PEST Analysis
Figure 7. Middle East Africa Submarine Power Cable Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East Africa Submarine Power Cable Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East Africa Submarine Power Cable Market Forecast and Analysis, (US$ Mn)
Figure 11. Middle East Africa Submarine Power Cable Market Revenue Share, by Type (2020 and 2028)
Figure 12. Multicore: Middle East Africa Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Single Core: Middle East Africa Submarine Power Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Middle East Africa Submarine Power Cable Market Revenue Share, by Conductor Material (2020 and 2028)
Figure 15. Copper: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Ground: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East Africa Submarine Power Cable Market Revenue Share, by Voltage (2020 and 2028)
Figure 18. High Voltage: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medium Voltage: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East Africa Submarine Power Cable Market Revenue Share, by Configuration (2020 and 2028)
Figure 21. Offshore Oil and Gas: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Offshore Wind Power: Middle East Africa Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Inter-Country and Island Connection: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Middle East Africa: Submarine Power Cable Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. Middle East Africa: Submarine Power Cable Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Saudi Arabia: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UAE: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Africa: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Middle East Africa: Submarine Power Cable Market – Revenue and Forecast to 2028 (US$ Million)
- FURUKAWA ELECTRIC CO. LTD
- HENGTONG GROUP CO. LTD
- Hydro Group Plc
- KEI Industries Limited
- LS Cable & System Ltd
- NKT A/S
- Sumitomo Electric Industries Ltd
- ZT International Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the submarine power cable market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution