According to Stratistics MRC, the Global Power Grid System Market is accounted for $8.26 billion in 2021 and is expected to reach $18.48 billion by 2028 growing at a CAGR of 12.2% during the forecast period.
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Power grid systems in subsea play an important role in the offshore power supply network. The subsea power grid comprises numerous components such as cables, transformers, variable speed drives, switchgear, and others used for various applications.
Some of the key players profiled in the Power Grid System Market include LS Cable & System, NKT, Sumitomo Electric Industries, Ltd., Aker Solutions ASA, Teledyne Marine, Schlumberger, Prysmian Group, Oceaneering International, SSG Cable, Nexans, TE Connectivity, Intertek, Hitachi Energy, General Electric, DEME, Baker Hughes, TechnipFMC, ABB, and Siemens Energy.
Depths Covered:
• Deepwater
• Shallow Water
Components Covered:
• Variable Speed Drives
• Transformers
• Switchgears
• Cables
• Other Components
Applications Covered:
• Wind Power
• Captive Generation
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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