Submarine Electricity Transmission

  • November 2013
  • -
  • Navigant Research
  • -
  • 94 pages

HVDC and HVAC Submarine Power Cables: Supply Constraints, Demand Drivers, Technology Issues, Prominent Projects, Key Industry Players,
and Global Market Forecasts


The market for high-voltage submarine cables is a small and highly specialized industry that will experience increasing growth over the next several years. Demand for submarine cables is growing steadily as countries and regions make commitments to offshore renewable power generation, link remote landmasses, and interconnect their national grids. As cable technology advances, more projects are being proposed that require longer, deeper, and higher-capacity cables.
Even the most conservative growth models show that the industry will expand rapidly, and the supply chain has expanded over the past few years to meet this projected demand. In addition to the established, experienced market participants, new market entrants have begun to win contracts to supply some of the smaller, less complex cables. With fewer limitations in the supply chain, the primary restraints on the submarine cable market in the foreseeable future are restrictions in financing and regulatory roadblocks. Navigant Research forecasts that the high-voltage submarine cable market will realize $33.8 billion in cumulative revenue between 2014 and 2023 under a conservative scenario.
This Navigant Research report analyzes the global market for high-voltage submarine cables, including cables to connect offshore renewable energy generation, grid interconnectors, and cables to connect remote landmasses. The study provides an analysis of the significant demand drivers for deploying high-voltage submarine cables and the related market issues. Global market forecasts for demand and revenue from high-voltage submarine cables, segmented by world region, project and cable type, technology, and growth scenario, extend through 2023. The report also examines the main technology issues and profiles the key industry players.

Key Questions Addressed:

What are the primary uses for high-voltage submarine power cables and what is driving demand?
Which geographic areas have the highest capability to supply submarine power cables?
What types of submarine cable technology will be the most prevalent in future projects?
How quickly will the submarine power cable industry grow?
Who are the key players in the submarine power cable market?
What proposed projects will challenge the demand for submarine power cables?
How many high-voltage submarine cables will be installed through 2023?

Who needs this report?

Suppliers of submarine power cables and power cable components
Submarine power cable installers
Utility companies
Transmission system operators (TSOs)
Offshore industries interested in linking their operations to the onshore grid
Renewable energy operators
Energy grid operators
Investor community

Table Of Contents

1. Executive Summary
1.1 High-Voltage Submarine Cable Market Overview
1.2 HV Submarine Cable Revenue
1.3 Summary
2. Market Issues
2.1 Supply Overview
2.1.1 Construction and Installation Supply Chain
2.1.1.1 Survey and Design
2.1.1.2 Cable Manufacture and Supply
2.1.1.2.1 Raw Materials
2.1.1.2.2 Cable Manufacturers
2.1.1.3 Submarine Cable-Laying Ships
2.1.1.4 Termination Equipment
2.1.2 Regional Supply Overview
2.1.2.1 North America
2.1.2.2 Europe
2.1.2.3 Asia Pacific
2.1.2.4 Rest of World
2.1.3 Cost of Building a Cable
2.1.3.1 Cost of Cables for Wind Farms
2.1.3.2 Cost of Cables for Interconnectors
2.2 Global Demand Drivers for High-Voltage Submarine Power Cables
2.2.1 Connecting Islands to Nearby National Power Grids
2.2.2 Connecting National Grids
2.2.2.1 Geothermal Power Generation in Iceland, the Philippines, and Nevis
2.2.2.2 EU Supergrid
2.2.2.3 Bidirectional HVDC Cables
2.2.3 Connecting Wind Farms and Offshore Power Generation
2.2.4 Other Uses of HV Submarine Power Cables
2.2.4.1 Power Supply to Offshore Facilities
2.2.4.2 Umbilical Cables
2.2.4.3 Under Lake and In-River Cables
2.2.5 Demand Drivers by Regional Market
2.2.5.1 North America
2.2.5.2 Europe
2.2.5.3 Asia Pacific
2.2.5.4 Rest of World
2.2.6 Summary of Demand Drivers and Challenges
2.3 Subsea Power Cable Regulations and Policies
2.3.1 High Seas Regulation
2.3.2 National and Regional Organizations
2.3.2.1 U.S. Regulations
2.3.2.2 EU Regulations
2.3.2.3 Cable Protection Committees
2.3.3 The Future of Regulations Regarding Submarine Power Transmission
3. Technology Issues
3.1 HV Submarine Technology Overview
3.2 Advancements of Transmission Technology
3.2.1 HVDC Technology and Advantages
3.2.2 HVDC Light and PLUS Technology and Advantages
3.2.3 HVAC Technology and Advantages
3.2.4 HVAC versus HVDC Cables
3.3 Technology Development of AC/DC Rectifiers
3.3.1 Mercury Arc Valves
3.3.2 Thyristor Converters
3.4 Types of Submarine Cable
3.4.1 Mass-Impregnated Cables
3.4.2 Self-Contained Fluid-Filled Cables
3.4.3 Extruded Insulation Cables
3.5 Installation of Cables and Connection to Main Power Grids
3.5.1 Equipment and Technologies Used to Install Cables
3.5.2 Cable Landing and Connection to Power Grid
3.6 Challenges and Developments on the Horizon
3.6.1 Prevalence of Certain Technologies in Current Projects
3.6.2 Future Developments in Submarine Electric Cable Technology
4. Key Industry Players
4.1 Cable and Equipment Manufacturers
4.1.1 ABB
4.1.2 J-Power Systems
4.1.3 LS Cable and System
4.1.4 Nexans
4.1.5 nkt cables
4.1.6 Norddeutsche Seekabelwerke (NSW)
4.1.7 Prysmian
4.1.8 VISCAS
4.1.9 Jiangsu Zhongtian Technology Co., Ltd (ZTT)
4.2 Power and Utility Companies
4.2.1 China Southern Power Grid (CSG)
4.2.2 China Light and Power Company Syndicate (CLP)
4.2.3 DONG Energy
4.2.4 Energinet.dk
4.2.5 Korea Electric Power Corporation (KEPCO)
4.2.6 Red Electrica de España (REE)
4.2.7 Rhenish-Westphalian Electric Power Company (RWE)
4.2.8 Statnett
4.2.9 TenneT Holding B.V.
4.2.10 Terna SPA
4.2.11 Vattenfall
4.3 Notable HV Submarine Cable Projects
5. Market Forecasts
5.1 Supply and Demand Market Forecast Summary
5.1.1 North American Outlook
5.1.1.1 North American Submarine Cable Supply
5.1.1.2 North American Demand Forecast
5.1.1.3 The Future of the North American Market
5.1.2 European Outlook
5.1.2.1 European Submarine Cable Supply
5.1.2.2 European Demand Forecast
5.1.2.3 The Future of the European Market
5.1.3 Asia Pacific Outlook
5.1.3.1 Asia Pacific Submarine Cable Supply
5.1.3.2 Asia Pacific Demand Outlook
5.1.3.3 The Future of the Asia Pacific Market
5.1.4 Rest of World Outlook
5.2 Revenue Projections
5.2.1 North American Revenue Projections
5.2.2 European Revenue Projections
5.2.3 Asia Pacific Revenue Projections
5.3 Conclusions and Recommendations
5.3.1 Supply and Demand Market
5.3.2 Technology and Policy
6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

Installed High-Voltage Submarine Cables by Cable Type, North America: 2000-2013
Installed High-Voltage Submarine Cables by Cable Type, Europe: 2000-2013
Installed High-Voltage Submarine Cables by Cable Type, Asia Pacific: 2000-2013
Construction and Installation Costs of High-Voltage Submarine Cables by Region, World Markets: 2000-2017
High-Voltage Submarine Cable Installations by Project Type, Europe: 2000-2013
Submarine Transmission Cable Market Share by Cable Type and Project Status, World Markets: 2000-2023
Installed High-Voltage Submarine Cables by Project Type and Technology, World Markets: 2000-2023
High-Voltage Submarine Cable Installations, World Markets: 2000-2015
High-Voltage Submarine Cable Demand Growth, World Markets: 2000-2015
NSW’s NOSTAG 10 Cable-Laying Barge
High-Voltage Submarine Cable Installations by Growth Scenario, North America: 2000-2023
High-Voltage Submarine Cable Installations by Growth Scenario, Europe: 2000-2023
High-Voltage Submarine Cable Installations by Growth Scenario, Asia Pacific: 2000-2023
Annual High-Voltage Submarine Cable Market Revenue by Growth Scenario, World Markets: 2014-2023
Annual High-Voltage Submarine Cable Market Revenue by Growth Scenario, North America: 2014-2023
Annual High-Voltage Submarine Cable Market Revenue by Growth Scenario, Europe: 2014-2023
Annual High-Voltage Submarine Cable Market Revenue by Growth Scenario, Asia Pacific: 2014-2023
Conservative Growth Scenario for High-Voltage Submarine Cable Installations by Region, Select World Markets: 2014-2023
Diagram of HVDC Cable System
Nexans’ Skagerrak Cable-Laying Ship
Shoreham, New York HVDC Light Converter Station
Proposed Submarine Cable Implementation and EU Supergrid
Horns Rev 2 Wind Turbine Cable Installation Schematic
Wind Turbines Installed in the North Sea
Beatrice Offshore Wind Farm and Oil Platform
Umbilical Cables Connected to Horns Rev 2 Wind Farm Transmission Station
Ocean Jurisdictions by Distance from Shore
Diagram of HVDC Light Converter Station
Comparison of HVAC and HVDC Cables by Cable Material
Mercury Arc Rectifier
Thyristor Rectifiers
Cross-Section of XLPE Submarine Power Cable
Prysmian’s Giulio Verne Cable-Laying Ship
Cable-Laying Barge ATM Discoverer at Rhyl Flats Wind Farm
Submarine Power Cable Tow-Plough
Cable Jetting SmartJet Hydraulic Plough ROV
Cable Landing and Burial Operations, SAPEI Cable
Nexans’ Skagerrak Transports Cable from the Halden, Norway Plant
High-Voltage Submarine Cable Installations by Growth Scenario, World Markets: 2000-2023

List of Tables

Installed High-Voltage Submarine Cables by Region and Cable Type, World Markets: 2000-2013
Submarine Transmission Cable Market Share by Project Status and Region, World Markets: 2000-2023
High-Voltage Submarine Cable Installation CAGRs by Growth Scenario and Region, World Markets: 2000-2023
Total Installed High-Voltage Cables by Growth Scenario, World Markets: 2000-2023
Total Installed High-Voltage Cables by Growth Scenario, North America: 2000-2023
Total Installed High-Voltage Cables by Growth Scenario, Europe: 2000-2023
Total Installed High-Voltage Cables by Growth Scenario, Asia Pacific: 2000-2023
Annual High-Voltage Cable Revenue by Growth Scenario, World Markets: 2014-2023
Annual High-Voltage Cable Revenue by Growth Scenario, North America: 2014-2023
Annual High-Voltage Cable Revenue by Growth Scenario, Europe 2014-2023
Annual High-Voltage Cable Revenue by Growth Scenario, Asia Pacific 2014-2023
Notable High-Voltage Submarine Cable Projects

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