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Technavio Research: $ 1.08 Billion Growth in Submarine Power Cable Market During 2020-2024 | Featuring ABB Ltd. and Anixter International Inc. Among Others | Technavio
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Technavio has announced its latest market research report titled Global Submarine Power Cable Market 2020-2024 (Graphic: Business Wire)
Amid the COVID-19 pandemic, the global submarine power cable market registered a YOY growth of 1.74% in 2020 and the market is estimated to expand at a CAGR of over 4% during the forecast period. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.