Dublin, November 19, 2020 (GLOBE NEWSWIRE) – The report “Submersible Electric Cables – Global Market Trajectory and Analysis” has been added to ResearchAndMarkets.com from offer.
The editor brings years of research experience to the 9th edition of this report. The 291-page report presents concise information on the impact of the pandemic on production and on the buy side for 2020 and 2021. A short-term gradual recovery by key geography is also discussed.
Global Electric Submersible Cable Market To Reach $ 5.9 Billion By 2027
In the midst of the COVID-19 crisis, the global submersible power cable market estimated at US $ 4.6 billion in 2020, is expected to reach a revised size of US $ 5.9 billion by 2027, with a CAGR 3.5% over the period 2020-2027.
ESP flat power cable, one of the segments analyzed in the report, is expected to register a CAGR of 3.7% and reach $ 3.7 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the ESP round electric cables segment is readjusted to a revised CAGR of 3.1% for the next 7-year period.
The US market is estimated at $ 1.2 billion, while China is expected to grow at a CAGR of 6.3%
The submersible electric cable market in the United States is estimated at US $ 1.2 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.2 billion by 2027, with a CAGR of 6.3% over the analysis period 2020 to 2027. Other notable geographic markets are Japan and Canada, each forecasting growth of 1% and 2.6% respectively over the period 2020-2027 . In Europe, Germany is expected to grow by around 1.7% CAGR.
Competitors identified in this market include, among others:
- Baker Hughes, Inc.
- Borets LLC Company
- Havells India Ltd.
- Jainson Cables India pvt. ltd
- Nexans SA
- Prysmian Group
- Schlumberger Ltd.
- Siemens AG
- Southwire Company LLC
- Superstar cable industries
- The Kerite company
- V-Guard Industries Ltd.
Main topics covered:
I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT
1. MARKET OVERVIEW
- Market share of global competitors
- Market share scenario of submersible electric cables competitors in the world (in%): 2019 and 2025
- Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total number of profiled companies: 54
For more information on this report, visit https://www.researchandmarkets.com/r/og1q0u
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