The global electric submersible cable market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for power transmission and distribution, growing need for renewable energy sources, and increasing investments in the oil & gas sector. The ESP flat power cable segment accounted for the largest share of the global electric submersible cable market in 2017, followed by ESP round power cables and other types of cables. The ESP flat power cable segment is projected to grow at a CAGR of 5% during the forecast period due to its high demand from oil & gas applications such as offshore drilling rigs and platforms that require high voltage transmission lines with low resistance.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric power in developing countries is a major factor driving the growth of the electric submersible cable market.
- The increasing number of offshore wind farms and solar power plants is also expected to drive the growth of the electric submersible cable market.
- The growing need for renewable energy sources is also expected to drive the growth of this market in future years.
- Increasing investments by governments and private companies in renewable energy projects are also expected to fuel this market's growth over time, as they will require more cables for transmission purposes than conventional power plants do, which will lead to an increase in demand for these cables from manufacturers and suppliers alike.
- Increasing awareness about environmental issues such as global warming and climate change has led many countries around the world to invest heavily into renewable energy sources such as solar, wind, hydroelectricity, geothermal heat pumps etc, which has led to an increased demand for these cables from manufacturers and suppliers alike.
Industry Growth Insights published a new data on “Electric Submersible Cable Market”. The research report is titled “Electric Submersible Cable Market research by Types (ESP Flat Power Cable, ESP Round Power Cable), By Applications (Oil & Gas, Agriculture, Mining, Construction, Others), By Players/Companies Baker Hughes, Schlumberger, Prysmian Group, Nexans, Siemens, Borets, Halliburton, The Kerite Company, Havells, Jainson Cables, V-GUARD INDUSTRIES, Superstar Cables, Southwire Company, Alkhoorayef Petroleum”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Submersible Cable Market Research Report
By Type
ESP Flat Power Cable, ESP Round Power Cable
By Application
Oil & Gas, Agriculture, Mining, Construction, Others
By Companies
Baker Hughes, Schlumberger, Prysmian Group, Nexans, Siemens, Borets, Halliburton, The Kerite Company, Havells, Jainson Cables, V-GUARD INDUSTRIES, Superstar Cables, Southwire Company, Alkhoorayef Petroleum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electric Submersible Cable Market Report Segments:
The global Electric Submersible Cable market is segmented on the basis of:
Types
ESP Flat Power Cable, ESP Round Power Cable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Agriculture, Mining, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baker Hughes
- Schlumberger
- Prysmian Group
- Nexans
- Siemens
- Borets
- Halliburton
- The Kerite Company
- Havells
- Jainson Cables
- V-GUARD INDUSTRIES
- Superstar Cables
- Southwire Company
- Alkhoorayef Petroleum
Highlights of The Electric Submersible Cable Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ESP Flat Power Cable
- ESP Round Power Cable
- By Application:
- Oil & Gas
- Agriculture
- Mining
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Submersible Cable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric submersible cable is a type of submarine cable that uses electric power to transmit data and signals. It is made up of a number of insulated wires that are submerged in water. The wires are connected to an electrical source on the surface, which sends electricity down the cables. This allows for faster transmission speeds than traditional submarine cables, which can be slowed by water resistance. Electric submersible cables are also less likely to be damaged by marine life or other environmental factors.
Some of the key players operating in the electric submersible cable market are Baker Hughes, Schlumberger, Prysmian Group, Nexans, Siemens, Borets, Halliburton, The Kerite Company, Havells, Jainson Cables, V-GUARD INDUSTRIES, Superstar Cables, Southwire Company, Alkhoorayef Petroleum.
The electric submersible cable market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Submersible Cable Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Submersible Cable Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Submersible Cable Market - Supply Chain
4.5. Global Electric Submersible Cable Market Forecast
4.5.1. Electric Submersible Cable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Submersible Cable Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Submersible Cable Market Absolute $ Opportunity
5. Global Electric Submersible Cable Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Submersible Cable Market Size and Volume Forecast by Type
5.3.1. ESP Flat Power Cable
5.3.2. ESP Round Power Cable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Submersible Cable Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Submersible Cable Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Agriculture
6.3.3. Mining
6.3.4. Construction
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Submersible Cable Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Submersible Cable Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Submersible Cable Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Submersible Cable Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Submersible Cable Demand Share Forecast, 2019-2026
9. North America Electric Submersible Cable Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Submersible Cable Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Submersible Cable Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Agriculture
9.4.3. Mining
9.4.4. Construction
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Submersible Cable Market Size and Volume Forecast by Type
9.7.1. ESP Flat Power Cable
9.7.2. ESP Round Power Cable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Submersible Cable Demand Share Forecast, 2019-2026
10. Latin America Electric Submersible Cable Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Submersible Cable Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Submersible Cable Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Agriculture
10.4.3. Mining
10.4.4. Construction
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Submersible Cable Market Size and Volume Forecast by Type
10.7.1. ESP Flat Power Cable
10.7.2. ESP Round Power Cable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Submersible Cable Demand Share Forecast, 2019-2026
11. Europe Electric Submersible Cable Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Submersible Cable Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Submersible Cable Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Agriculture
11.4.3. Mining
11.4.4. Construction
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Submersible Cable Market Size and Volume Forecast by Type
11.7.1. ESP Flat Power Cable
11.7.2. ESP Round Power Cable
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Submersible Cable Demand Share, 2019-2026
12. Asia Pacific Electric Submersible Cable Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Submersible Cable Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Submersible Cable Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Agriculture
12.4.3. Mining
12.4.4. Construction
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Submersible Cable Market Size and Volume Forecast by Type
12.7.1. ESP Flat Power Cable
12.7.2. ESP Round Power Cable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Submersible Cable Demand Share, 2019-2026
13. Middle East & Africa Electric Submersible Cable Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Submersible Cable Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Submersible Cable Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Agriculture
13.4.3. Mining
13.4.4. Construction
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Submersible Cable Market Size and Volume Forecast by Type
13.7.1. ESP Flat Power Cable
13.7.2. ESP Round Power Cable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Submersible Cable Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Submersible Cable Market: Market Share Analysis
14.2. Electric Submersible Cable Distributors and Customers
14.3. Electric Submersible Cable Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baker Hughes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schlumberger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Prysmian Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nexans
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Borets
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Halliburton
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Kerite Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Havells
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jainson Cables
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. V-GUARD INDUSTRIES
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Superstar Cables
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Southwire Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Alkhoorayef Petroleum
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook