Findings has proven that the subsea cable market is currently increasing and extensively booming. Recent years have seen a significant increase in the use, length and capacity of submarine power cables in various sectors. In the offshore wind sector, for example, an important driver behind this increase is the transition to renewable energy resources. Any failure in such a submarine cable has a huge impact and repair costs are immense due to the inaccessible locations and specialised resources required.
With continuous developments in the offshore wind sector along with ground-breaking subsea cable technologies, submarine power cable market is poised to witness a remarkable growth over the coming years. Today, several power suppliers and governments are shifting their preferences toward renewable energy sources like offshore wind power and even oil & gas companies are adopting new procedures to improve efficiency, reduce costs, and exploit new fields. Growing number of renewable energy projects and escalating penetration across other submarine applications will offer considerable boost to submarine power cable industry outlook.
This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across the world to address big issues involving Submarine Power Cable fault, Cable installation and Interconnections, Power Cable design and technology. It brings together key experts from subsea community globally to discuss the current challenges in risks, cost reduction, cable technology and life extension in order to identify best practices. It will showcase real practical examples on what the industry can do to produce optimized solution across the board with regards to survey, route, engineering, manufacturing, installation, protection, and repair. Also explore new areas of innovation & techniques for cost reduction in interconnections.
The conference is gearing up to provide attendees with seminal insights for some of the hotspot topics centred on HVDC and submarine power cable for a successful operation within a digitally shifted landscape across different countries. The forum is scheduled to explore the innovative tools and techniques that have been developed as a result of the growing demand for subsea power cables and interconnection. These cables are most common to transfer electricity from renewable energy sources including wind, wave and tidal.
Join the conversation on social media with our official hashtag #BISsubor join our Energy Sector Group on LinkedIn and stay tuned for the updates.