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Power Grid System Market (Captive Generation, Wind Power) in Subsea Worth $2,365.1 Million by 2018 - New Report by MarketsandMarkets
Date:9/14/2013

(PRWEB) September 14, 2013

The report "Power Grid System Market In Subsea, by Offshore Power (Captive Generation, Wind Power, Others), Components (Cables, Variable Speed Drives, Transformers, Switchgears, Others), and Geography - Global Trends & Forecast to 2018” defines and segments the global subsea power grid market with analysis and forecast of the global revenue. Subsea power grid market will grow from an estimated $1,196.6 million in 2013 to $2,365.1 million by 2018, with a CAGR of 11.9% through 2018.

Browse 99 market data tables with 25 figures spread through 241 pages and in-depth TOC on Power Grid System Market - Global Trends & Forecast to 2018.
http://www.marketsandmarkets.com/Market-Reports/subsea-power-grid-offshore-supply-market-1100.html

Early buyers will receive 10% customization on this report.

Power grid system market in subsea is mainly driven by growing demand for energy and increasing investment in offshore infrastructure. High rate of exploration and production of offshore oil wells and thriving investment in oil fields developments in deeper waters, is the major growth engine for this market. African region is the largest end user market for subsea power grid services and solutions and is expected to continue with the same trend.

Subsea and offshore industry acts as the parent market of power grids system market in subsea. Its growth and demand is highly influenced by the parent market. Capital spending of the subsea has significantly increased, which clearly depicts the growth of the subsea sector globally. Subsea equipment like compressors, boosters, etc., requires power supply for various subsea exploration processes, and this is provided by the subsea power grid system, which is quite essential i
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