Submarine electricity transmission cable projects to increase by 2020
The research firm claims that the usage of high-voltage submarine cables for grid interconnections and connecting offshore wind farms to nearby landmasses is on the rise.
Due to niche market, the demand for these products is moving beyond the traditional role slotted for high-voltage submarine cables, connecting islands to nearby national grids.
Clint Wheelock, president of Pike Research, said: â€œOnly a handful of manufacturers in the world are capable of producing and installing high-voltage subsea power cables. Our analysis indicates that the limited supply chain for cables is not prepared to meet the increased demand that offshore renewable energy production and grid interconnection will place on the market.
â€œThe constraints on the supply chain donâ€™t stop with the manufacturers. The site engineering companies and cable-laying ships required are also highly specialized and also in limited supply.â€
According to the research firm forecasts, Europe will continue to be the leading region for submarine electricity cable deployments, representing nearly three-quarters of all projects by 2020. Asia Pacific will be the next largest regional market, followed by North America.
The cleantech market intelligence firm also observes that the deployment of high-voltage direct current (HVDC) projects will outpace high-voltage alternating current (HVAC) cables in the coming years.
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