NEW YORK, July 2, 2015 /PRNewswire/ -- Submarine
electricity transmission systems are increasingly used for long and
short hauls in undersea, lake, and river interconnection
applications, such as in the Hudson River in New York or for connecting offshore wind farms
across Europe. As with overhead
and underground systems, many high-voltage subsea systems are
moving toward high-voltage direct current (HVDC) technology, away
from the historically prevalent alternating current (AC)
technology.
The market for HVDC and high-voltage alternating current (HVAC)
submarine electricity transmission systems is large and highly
specialized. Analysis of existing and planned systems indicates
that the submarine transmission industry will continue to
experience substantial growth for years to come. In Europe, the transmission system requires
extensive reconfiguration and expansion to deal with coal and
nuclear generation plant retirements and the rapid growth of
offshore and onshore wind generation in the Nordic region, as well
as in other remote offshore areas. The European market will likely
account for more than half of the global submarine cable projects
over the next decade. According to Navigant Research, the global
submarine electricity transmission market is expected to grow from
$16.8 billion in 2015 to $24.8 billion in 2024.
This Navigant Research report analyzes the global market for
submarine electricity transmission systems. The study provides an
analysis of the market issues, including market drivers and
regulations and policies, associated with submarine electricity
transmission projects. Global market forecasts for project value,
segmented by technology and region, extend through 2024. The report
also provides case studies and examines the key technologies
related to submarine electricity transmission systems, as well as
the competitive landscape.
Key Questions Addressed:
Which technologies represent the primary components of high-voltage
direct current and alternating current (HVDC and HVAC) submarine
electricity transmission systems?
What factors affect the implementation of the different submarine
electricity transmission system technologies and which technologies
are now obsolete?
How do the market trends and opportunities related to submarine
electricity transmission systems vary by region?
What are the primary drivers for growth in the submarine
electricity transmission system market?
How is the submarine electricity transmission system vendor
landscape changing?
Who needs this report?
High-voltage (HV) transmission and distribution system
suppliers
Submarine cable manufacturers
Wind generation system vendors, developers, and planners
System operators and regional transmission organizations
Utilities
Government agencies and regulators
Investor community
Read the full report:
http://www.reportlinker.com/p03073150-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that
finds, filters and organizes the latest industry data so you get
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