| Product Code: ETC5765667 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Belgium continues to be a key importer of submarine power cables, with Italy, Spain, Metropolitan France, Germany, and Portugal leading the way in supplying these essential components. Despite the strong compound annual growth rate (CAGR) of 11.79% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024, with a -6.18% change. The market remains competitive with low concentration, as reflected by the Herfindahl-Hirschman Index (HHI). This data indicates both opportunities and challenges for the submarine power cable import market in Belgium.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Submarine Power Cable Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Submarine Power Cable Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Submarine Power Cable Market - Industry Life Cycle |
3.4 Belgium Submarine Power Cable Market - Porter's Five Forces |
3.5 Belgium Submarine Power Cable Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Submarine Power Cable Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 Belgium Submarine Power Cable Market Revenues & Volume Share, By Conductor Material, 2021 & 2031F |
3.8 Belgium Submarine Power Cable Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Belgium Submarine Power Cable Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Belgium |
4.2.2 Government initiatives to enhance energy infrastructure |
4.2.3 Growing investments in offshore wind energy projects |
4.3 Market Restraints |
4.3.1 High initial investment costs for submarine power cable installations |
4.3.2 Technical challenges related to deep-sea installations |
4.3.3 Environmental concerns and regulations regarding submarine cable laying |
5 Belgium Submarine Power Cable Market Trends |
6 Belgium Submarine Power Cable Market Segmentations |
6.1 Belgium Submarine Power Cable Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Submarine Power Cable Market Revenues & Volume, By Single, 2021-2031F |
6.1.3 Belgium Submarine Power Cable Market Revenues & Volume, By Multicore, 2021-2031F |
6.2 Belgium Submarine Power Cable Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Belgium Submarine Power Cable Market Revenues & Volume, By Medium, 2021-2031F |
6.2.3 Belgium Submarine Power Cable Market Revenues & Volume, By High, 2021-2031F |
6.3 Belgium Submarine Power Cable Market, By Conductor Material |
6.3.1 Overview and Analysis |
6.3.2 Belgium Submarine Power Cable Market Revenues & Volume, By Copper, 2021-2031F |
6.3.3 Belgium Submarine Power Cable Market Revenues & Volume, By Aluminum, 2021-2031F |
6.4 Belgium Submarine Power Cable Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Belgium Submarine Power Cable Market Revenues & Volume, By Offshore wind? power generation, 2021-2031F |
6.4.3 Belgium Submarine Power Cable Market Revenues & Volume, By Inter-country and island connection, 2021-2031F |
6.4.4 Belgium Submarine Power Cable Market Revenues & Volume, By Offshore oil & gas, 2021-2031F |
7 Belgium Submarine Power Cable Market Import-Export Trade Statistics |
7.1 Belgium Submarine Power Cable Market Export to Major Countries |
7.2 Belgium Submarine Power Cable Market Imports from Major Countries |
8 Belgium Submarine Power Cable Market Key Performance Indicators |
8.1 Average installation time for submarine power cables |
8.2 Number of new offshore wind energy projects announced |
8.3 Maintenance cost reduction percentage achieved through technological advancements in submarine power cables |
9 Belgium Submarine Power Cable Market - Opportunity Assessment |
9.1 Belgium Submarine Power Cable Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Submarine Power Cable Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 Belgium Submarine Power Cable Market Opportunity Assessment, By Conductor Material, 2021 & 2031F |
9.4 Belgium Submarine Power Cable Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Belgium Submarine Power Cable Market - Competitive Landscape |
10.1 Belgium Submarine Power Cable Market Revenue Share, By Companies, 2024 |
10.2 Belgium Submarine Power Cable Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |