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Episode 6 – Diving into Submarine Cables Market Demand, Technology, and Innovation
Release Date: April 28, 2023

Back > Podcast

Episode 6 – Diving into Submarine Cables Market Demand, Technology, and Innovation
Release Date: April 28, 2023

Overview:

The global submarine cable industry is currently experiencing a surge in demand driven by various factors such as the post-Covid spike in renewables, cross-border interconnections, and oil & gas (O&G) development rates. Europe and the Asia Pacific (APAC) regions are leading the demand, fueled by ambitious offshore wind targets and interconnection projects, while North America, South America, and the GCC region are also witnessing significant growth. Offshore wind and interconnectors emerge as major drivers of submarine cable demand, shaping regional markets. Manufacturers are responding to the high demand by investing in existing plants and constructing new facilities, with partnerships and joint ventures emerging to expand production capacity. Technological advancements such as XLPE cables and innovations like Dynamic Cable Rating (DCR) and optical fibers are gaining prominence, with a focus on improving efficiency and reliability. Looking ahead, the submarine cable market is expected to witness robust growth, driven by HVDC technology and renewable energy integration, with new markets and demand centers anticipated to emerge, particularly in regions undergoing energy transitions and infrastructural developments. 

Themes:

HVDC, Energy Transition, Global Submarine Cable Market, Post-Covid, Renewables 

Key Questions:

Q1: What are the factors driving the demand for submarine cables?  

Wind farms, power connections & oil & gas are fueling the undersea cable boom. 

Q2: What are the current technological trends in submarine cables?  

XLPE dominates, but hotter HVDC & deep-sea tech are on the horizon. 

Q3: How is the supply side of the submarine cable market responding to the surge in demand?  

Manufacturers are expanding, partnering, and building new plants to meet demand. 

Q4: What are the challenges faced by the submarine cable market?  

Rising lead times and prices threaten to snag the hot submarine cable market. 

Q5: What is the future outlook for the submarine cable market? 

The future looks bright with explosive growth, HVDC leading the way, and new markets emerging. 

 

Speakers

Marc Jeroense:

Marc Jeroense is a highly experienced consultant in the cable industry with over 30 years of broad and in-depth knowledge. Marc has held various roles at companies such as NKF, ABB, and NKT, and has played a crucial role in the development and commercialization of HVDC cable systems. With his consultancy company, MarCable Consulting, Marc provides a range of services including strategic advisory, developing technical specifications, clarification meetings, cable system courses, cable testing inspection, and technical advisory. He is also an active member of the CIGRE organization and has contributed to several standards.  

Asad Tariq:

Asad Tariq is working as an Analyst at PTR Inc., where he specializes in analyzing the grid modernization technologies. With his deep understanding of the High Voltage Direct Current (HVDC) transmission sector, as well as Onshore Power Supply (OPS) and Flexible AC Transmission Systems (FACTS), Asad is able to provide valuable insights into the latest market developments in this rapidly evolving field. His extensive experience includes conducting specialized studies to better understand the applications and benefits of AI-powered solutions in the power sector. He has a strong research background, having previously worked as a research assistant at US PCASE, NUST, and is a published author in Elsevier. Asad holds an MSc in Electrical Power Engineering. 

Hassan Zaheer:

Hassan is the Chief Commercial Officer at PTR Inc. based in Munich, Germany. After starting in the power sector around a decade ago, he has been working for various Fortune 500, FTSE-100, DAX-30, and NIKKEI-225 clients, assisting them with global market studies in the energy sector. In his current role at PTR, he works with clients to support their research requirements, both through custom consulting work and tailored research reports within the Power Grid and New Energy segments. He is also a Member of the Advisory Board for CWIEME Berlin and an advisor to the educational non-profit UsmanRamay.Org. 

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