Submarine Power Cable Market Trends & Opportunities with Forecast 2023-2028 - Marketsan... - 0 views
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Almira Coyne on 10 Oct 23The Global Submarine Power Cable market is projected to reach USD 22.3 billion by 2028 from an estimated USD 12.9 billion in 2023, at a CAGR of 11.5% during the forecast period. These cables are essential for connecting offshore power generation facilities, such as offshore wind farms, tidal energy installations, or underwater power distribution networks, to onshore power grids. They are also used for interconnecting islands with mainland power systems, supplying power to offshore oil and gas platforms, and various other underwater electrical transmission applications.