Submarine Cable Systems Market by Application (Communication Cable and Power Cable), Component (Dry Plant Products and Wet Plant Products) Offering, Voltage, Type (Single Core and Multicore), Insulation, End User and Region - Global Forecast to 2029
The submarine cable system market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029. Factors such as Increasing penetration of Internet and collaborations among tier 1 vendors, and growing demand for bandwidth due to emergence of 5G. The demand for bandwidth continues to grow steadily, fueled by the growing number of people joining the digital revolution and the increasing bandwidth usage of new applications. Investment decisions for new submarine networks are, however, not solely driven by economics; the need for the global provisioning of internet connectivity to underserved populations is also a major factor contributing to the growth of this market.
“Installation & commissioning segment holds major share of the submarine cable system market in 2023.“
The installation & commissioning segment is estimated to account for major share of the submarine cable system market in 2023 and maintain its dominance throughout the forecast period. The increasing Internet traffic and the growing number of internet users in Asia Pacific are fueling the requirement for increased bandwidth in the region. As such, the region is likely to witness an increase in the installation & commissioning of new submarine communication cable systems during the forecast period. The increasing Internet penetration across Middle East & Africa is also expected to lead to a surge in the installation & commissioning of submarine communication cables in MEA in the coming years.
“Wet plant products dominates the market during the forecast period.”
The wet plant products segment held major share of the submarine communication cable market in 2023. The growth of this segment can be attributed to increased demand for cables, repeaters, and branching units for laying them on ocean beds, unlike dry plant products such as SLTE, which can be upgraded according to bandwidth requirements. Marine operations are one of the key elements in the submarine cable system market ecosystem; these operations involve vessel operations, diver surveys, topographic surveys, and other analyses for recommendations for maintenance and installations.
“North America to grow at the fastest CAGR during forecast period.”
The submarine cable system market in North America is projected to witness significant growth during forecast period. Growing investments in the offshore wind power industry and the increasing requirement for interconnectivity between countries and islands are resulting in the growth of the submarine power cable market in the region.
The breakup of primaries conducted during the study is depicted below:
The report segments the submarine cable system market and forecasts its size, by value & volume, based on By Application (power cable and communication cable). The submarine communication cable market has been segmented into By Component (dry plant products and wet plant products); By Offering (installation & commissioning, maintenance, and upgrades), and Region (Trans-Atlantic, Trans-Pacific, Intra-Asia, Americas, Eu-Asia, and EMEA). The submarine power cable market has been segmented into By Type (single core and multicore), By Voltage (medium voltage and high voltage), By Insulation (Cross-linked Polyethylene (XLPE), Oil Impregnated Paper, Resin Impregnated Paper (RIP), and Resin Impregnated Synthetics (RIS)), By End-User (offshore wind, inter-country & island connections, and offshore oil & gas), and Region (North America; Europe; Asia Pacific; and RoW). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the submarine cable system market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall submarine cable system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Installation & commissioning segment holds major share of the submarine cable system market in 2023.“
The installation & commissioning segment is estimated to account for major share of the submarine cable system market in 2023 and maintain its dominance throughout the forecast period. The increasing Internet traffic and the growing number of internet users in Asia Pacific are fueling the requirement for increased bandwidth in the region. As such, the region is likely to witness an increase in the installation & commissioning of new submarine communication cable systems during the forecast period. The increasing Internet penetration across Middle East & Africa is also expected to lead to a surge in the installation & commissioning of submarine communication cables in MEA in the coming years.
“Wet plant products dominates the market during the forecast period.”
The wet plant products segment held major share of the submarine communication cable market in 2023. The growth of this segment can be attributed to increased demand for cables, repeaters, and branching units for laying them on ocean beds, unlike dry plant products such as SLTE, which can be upgraded according to bandwidth requirements. Marine operations are one of the key elements in the submarine cable system market ecosystem; these operations involve vessel operations, diver surveys, topographic surveys, and other analyses for recommendations for maintenance and installations.
“North America to grow at the fastest CAGR during forecast period.”
The submarine cable system market in North America is projected to witness significant growth during forecast period. Growing investments in the offshore wind power industry and the increasing requirement for interconnectivity between countries and islands are resulting in the growth of the submarine power cable market in the region.
The breakup of primaries conducted during the study is depicted below:
- By Company Type – Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
- By Designation – C-level – 45%, Director-level – 25%, and, Other – 30%
- By Region – North America - 55%, Europe – 20%, Asia Pacific – 15%, and RoW – 10%
The report segments the submarine cable system market and forecasts its size, by value & volume, based on By Application (power cable and communication cable). The submarine communication cable market has been segmented into By Component (dry plant products and wet plant products); By Offering (installation & commissioning, maintenance, and upgrades), and Region (Trans-Atlantic, Trans-Pacific, Intra-Asia, Americas, Eu-Asia, and EMEA). The submarine power cable market has been segmented into By Type (single core and multicore), By Voltage (medium voltage and high voltage), By Insulation (Cross-linked Polyethylene (XLPE), Oil Impregnated Paper, Resin Impregnated Paper (RIP), and Resin Impregnated Synthetics (RIS)), By End-User (offshore wind, inter-country & island connections, and offshore oil & gas), and Region (North America; Europe; Asia Pacific; and RoW). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the submarine cable system market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall submarine cable system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (expanding offshore wind power capacity, increasing penetration of Internet and collaborations among tier 1 vendors, growing demand for bandwidth due to emergence of 5G, growing demand in Asia Pacific region owing to increased traffic, and increasing network of submarine power cable systems), restraints (high initial investments act as entry barrier for SMEs, involvement of multi-country government bodies leads to complexities and delays in approvals), opportunities (upcoming projects to boost market growth, and increasing investments by content delivery and streaming partners to create opportunities in Pacific), and challenges (scarcity of commissioning and repair vessels, emergence of alternative modes of internet service provisioning)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the submarine cable system market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the submarine cable system market across varied regions.
- Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the submarine cable system market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Alcatel Submarine Networks (France), SubCom, LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy), among others in the submarine cable system market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SUBMARINE CABLE SYSTEM MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 CURRENCY CONVERSION RATES
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 SUBMARINE CABLE SYSTEM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key participants in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 3 SUBMARINE CABLE SYSTEM MARKET SIZE ESTIMATION: RESEARCH FLOW
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH—REVENUE GENERATED FROM SALES OF SUBMARINE POWER CABLE SYSTEMS
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SUBMARINE CABLE SYSTEM MARKET
2.6 RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 SUBMARINE CABLE SYSTEM MARKET, 2020–2029 (USD MILLION)
FIGURE 9 POWER CABLES SEGMENT TO HOLD THE LARGER SHARE OF SUBMARINE CABLE SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 10 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE IN SUBMARINE COMMUNICATION CABLE MARKET IN 2024
FIGURE 11 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO GROW AT HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
FIGURE 12 HIGH-VOLTAGE SEGMENT TO RECORD HIGHER CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
FIGURE 13 SUBMARINE COMMUNICATION CABLE MARKET IN TRANSPACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 14 EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SUBMARINE CABLE SYSTEM MARKET
FIGURE 15 INCREASING INVESTMENTS IN OFFSHORE WIND POWER PROJECTS TO DRIVE SUBMARINE POWER CABLE MARKET
4.2 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE
FIGURE 16 POWER CABLES SEGMENT TO LEAD SUBMARINE CABLE SYSTEM MARKET IN 2024
4.3 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT
FIGURE 17 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET SHARE IN 2029
4.4 SUBMARINE POWER CABLE MARKET, BY INSULATION
FIGURE 18 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET IN 2024
4.5 SUBMARINE POWER CABLE MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY
FIGURE 19 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT AND UK TO HOLD LARGEST SHARES OF EUROPEAN SUBMARINE POWER CABLE MARKET IN 2024
4.6 SUBMARINE POWER CABLE MARKET, BY COUNTRY
FIGURE 20 GERMANY TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 SUBMARINE CABLE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Expanding offshore wind power capacity
FIGURE 22 COUNTRY-/REGION-WISE DATA ON NEW INSTALLATIONS OF OFFSHORE WIND POWER CAPACITY, 2023
5.2.1.2 Affordable access to internet connectivity
5.2.1.3 Shift toward 5G and cloud services
FIGURE 23 GLOBAL FORECAST FOR 5G SUBSCRIPTIONS, 2023–2028 (BILLION)
5.2.1.4 Rising need for Internet services in Transpacific region
5.2.1.5 Increasing demand for electric energy on islands
FIGURE 24 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High initial investments and associated maintenance costs
5.2.2.2 Involvement of multiple jurisdictions
FIGURE 25 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Deployment of HVDC power transmission technology
TABLE 2 UPCOMING SUBMARINE POWER CABLE PROJECTS
TABLE 3 UPCOMING SUBMARINE COMMUNICATION CABLE PROJECTS
5.2.3.2 Increasing participation of OTT players
FIGURE 26 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Lack of commissioning, maintenance, and repair vessels
5.2.4.2 Emergence of alternate technologies
FIGURE 27 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 28 SUBMARINE CABLE SYSTEM MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 29 SUBMARINE CABLE SYSTEM MARKET ECOSYSTEM
TABLE 4 ROLE OF COMPANIES IN SUBMARINE CABLE SYSTEM ECOSYSTEM
5.5 PORTER'S FIVE FORCES ANALYSIS
TABLE 5 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 30 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
5.5.1 INTENSITY OF COMPETITIVE RIVALRY
5.5.2 BARGAINING POWER OF SUPPLIERS
5.5.3 BARGAINING POWER OF BUYERS
5.5.4 THREAT OF SUBSTITUTES
5.5.5 THREAT OF NEW ENTRANTS
5.6 KEY STAKEHOLDERS AND BUYING PROCESS
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION
TABLE 6 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION (%)
5.6.2 BUYING CRITERIA
FIGURE 32 KEY BUYING CRITERIA, BY END-USE APPLICATION
TABLE 7 KEY BUYING CRITERIA, BY END-USE APPLICATION
5.7 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 8 LIST OF CONFERENCES AND EVENTS, 2024–2025
5.8 TARIFF AND REGULATORY LANDSCAPE
5.8.1 TARIFF RELATED TO SUBMARINE POWER CABLE UNITS
TABLE 9 MFN TARIFF FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY (%)
5.8.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8.3 STANDARDS
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 8544)
FIGURE 33 IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT SCENARIO (HS CODE 8544)
FIGURE 34 EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 TECHNOLOGY ANALYSIS
5.10.1 KEY TECHNOLOGIES
5.10.1.1 Wavelength division multiplexing
5.10.1.2 P-Laser cable technology
5.10.1.3 Open cables
5.10.2 COMPLIMENTARY TECHNOLOGIES
5.10.2.1 Subsea robotics
5.10.3 ADJACENT TECHNOLOGIES
5.10.3.1 Remote sensing and satellite communication
5.11 PATENT ANALYSIS
FIGURE 35 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO SUBMARINE CABLE SYSTEMS, 2014–2023
TABLE 14 LIST OF APPLIED/GRANTED PATENTS RELATED TO SUBMARINE CABLE SYSTEMS, 2020–2023
5.12 CASE STUDY ANALYSIS
5.12.1 ANDAMAN AND NICOBAR ISLANDS WERE CONNECTED TO CHENNAI THROUGH HIGH-SPEED OPTICAL FIBER CABLE NETWORK DESIGNED BY NEC
5.12.2 TRATOS DELIVERED SUBMARINE COMPOSITE CABLES FOR ENI'S MEXICO AREA 1 PHASE II DEVELOPMENT PROJECT THAT HELPED IN TACKLING LOGISTICAL CHALLENGES
5.12.3 GCS ASSISTED XTERA TO DEPLOY SUBMARINE CABLE SYSTEM THAT BOOSTED CONNECTIVITY BETWEEN GALAPAGOS ISLANDS AND ECUADOR
5.12.4 CS2 PROJECT HELPED IN PROVIDING FASTER, MORE AFFORDABLE, AND RELIABLE INTERNET CONNECTIVITY TO PAPUA NEW GUINEA AND SOLOMON ISLANDS
5.12.5 N-SEA ENHANCED PROJECT RESILIENCE WITH SINAY'S METOCEAN ANALYTICS FOR WEATHER RISK MANAGEMENT
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 36 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
5.14 INVESTMENT AND FUNDING SCENARIO
FIGURE 37 INVESTMENT AND FUNDING SCENARIO, 2017–2022
5.15 PRICING ANALYSIS
TABLE 15 INDICATIVE PRICING OF SUBMARINE CABLE TYPES, 2020–2023 (USD)
FIGURE 38 AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLE SYSTEMS, 2020–2029 (USD)
5.15.1 INDICATIVE PRICING OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS
TABLE 16 INDICATIVE PRICING OF SUBMARINE CABLE TYPES OFFERED BY KEY PLAYERS
FIGURE 39 INDICATIVE PRICING TREND OF KEY PLAYERS, BY CABLE TYPE
5.15.2 AVERAGE SELLING PRICING TREND, BY REGION
FIGURE 40 AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLE SYSTEMS, BY REGION
6 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE
6.1 INTRODUCTION
FIGURE 41 POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEM MARKET IN 2029
TABLE 17 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2020–2023 (USD MILLION)
TABLE 18 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2024–2029 (USD MILLION)
6.2 COMMUNICATION CABLES
6.2.1 INCREASING DEMAND FOR CONNECTED DEVICES TO FUEL MARKET GROWTH
TABLE 19 SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (KILOMETERS)
TABLE 20 SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (KILOMETERS)
6.3 POWER CABLES
6.3.1 GROWING NUMBER OF OFFSHORE WIND FARM INSTALLATIONS TO FOSTER SEGMENTAL GROWTH
FIGURE 42 OFFSHORE WIND CAPACITY INSTALLATIONS, 2020–2023 (GW)
TABLE 21 SUBMARINE POWER CABLE MARKET, 2020–2023 (KILOMETERS)
TABLE 22 SUBMARINE POWER CABLE MARKET, 2024–2029 (KILOMETERS)
7 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT
7.1 INTRODUCTION
TABLE 23 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
FIGURE 43 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, IN 2024
TABLE 24 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
7.2 DRY PLANT PRODUCTS
7.2.1 RISING NEED FOR ADVANCED TERRESTRIAL EQUIPMENT TO ADDRESS DATA TRAFFIC ISSUES AND ENSURE SEAMLESS CONNECTIVITY TO BOOST DEMAND
7.2.2 SUBMARINE LINE TERMINAL EQUIPMENT
7.2.3 SUBMARINE LINE MONITORS
7.2.4 POWER FEEDING EQUIPMENT
7.3 WET PLANT PRODUCTS
7.3.1 GROWING DEMAND FOR HIGH-CAPACITY AND DEPENDABLE UNDERWATER COMMUNICATION INFRASTRUCTURE TO FUEL MARKET GROWTH
TABLE 25 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (USD MILLION)
TABLE 26 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (USD MILLION)
7.3.2 REPEATERS
7.3.3 BRANCHING UNITS
7.3.4 CABLES
7.3.5 OTHER WET PLANT PRODUCTS
8 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING
8.1 INTRODUCTION
TABLE 27 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
FIGURE 44 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET, BY SERVICE OFFERING, IN 2029
TABLE 28 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
8.2 INSTALLATION & COMMISSIONING
8.2.1 INCREASING GLOBAL DEMAND FOR HIGH-SPEED AND RELIABLE CONNECTIVITY TO FOSTER SEGMENTAL GROWTH
TABLE 29 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 30 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
8.3 MAINTENANCE
8.3.1 RISING DAMAGES CAUSED DUE TO HUMAN ACTIVITIES TO BOOST DEMAND
TABLE 31 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 32 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
8.4 SYSTEM UPGRADE
8.4.1 DEPLOYMENT OF COHERENT TRANSMISSION TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
TABLE 33 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 34 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
9 SUBMARINE POWER CABLE MARKET, BY TYPE
9.1 INTRODUCTION
TABLE 35 SUBMARINE POWER CABLE MARKET, BY TYPE, 2020–2023 (USD MILLION)
FIGURE 45 SINGLE CORE SEGMENT TO LEAD SUBMARINE POWER CABLE MARKET, BY TYPE, IN 2024
TABLE 36 SUBMARINE POWER CABLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2 SINGLE CORE
9.2.1 GROWING APPLICATIONS IN OFFSHORE WIND FARMS AND POWER DISTRIBUTION IN REMOTE ISLANDS TO FOSTER SEGMENTAL GROWTH
TABLE 37 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 38 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
9.3 MULTICORE
9.3.1 ABILITY OF LEAD SHEATHS TO PREVENT WATER CONTACT WITH LEAD SHEATHS TO FUEL MARKET GROWTH
TABLE 39 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 40 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
10 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
10.1 INTRODUCTION
TABLE 41 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2020–2023 (USD MILLION)
FIGURE 46 HIGH-VOLTAGE SEGMENT TO REGISTER HIGHER CAGR IN SUBMARINE POWER CABLE MARKET, BY VOLTAGE, DURING FORECAST PERIOD
TABLE 42 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)
10.2 MEDIUM-VOLTAGE
10.2.1 INCREASING DEMAND FOR INTERGENERATOR CONNECTIONS ON WIND FARMS AND OFFSHORE OIL & GAS PLATFORMS TO DRIVE MARKET
TABLE 43 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 HIGH-VOLTAGE
10.3.1 RISING POWER GENERATION FROM OFFSHORE PLANTS USING RENEWABLE SOURCES TO BOOST DEMAND
TABLE 45 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 46 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION
11.1 INTRODUCTION
TABLE 47 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
FIGURE 47 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
TABLE 48 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
11.2 OFFSHORE WIND POWER GENERATION PLANTS
11.2.1 INCREASING DEMAND FOR LONG-DISTANCE POWER TRANSMISSIONS TO DRIVE MARKET
TABLE 49 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 50 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11.3 INTERCOUNTRY & ISLAND CONNECTION
11.3.1 GROWING DEMAND FOR CLEAN AND RENEWABLE ENERGY TO FUEL MARKET GROWTH
TABLE 51 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 52 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11.4 OFFSHORE OIL & GAS PLANTS
11.4.1 RISING USE OF SATELLITE WELLS FOR SUBSEA FIELD DEVELOPMENT TO ACCELERATE DEMAND
TABLE 53 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 54 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12 SUBMARINE POWER CABLE MARKET, BY INSULATION
12.1 INTRODUCTION
TABLE 55 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2020–2023 (USD MILLION)
FIGURE 48 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET, BY INSULATION, IN 2029
TABLE 56 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2024–2029 (USD MILLION)
12.2 CROSS-LINKED POLYETHYLENE
12.2.1 ABILITY TO OFFER HIGH ELECTRIC AND MECHANICAL STRENGTH TO BOOST DEMAND
TABLE 57 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 58 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.3 OIL-IMPREGNATED PAPER
12.3.1 RISING APPLICATION IN HIGH-VOLTAGE DC TRANSMISSION LINES TO FUEL MARKET GROWTH
TABLE 59 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 60 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.4 RESIN-IMPREGNATED PAPER
12.4.1 ABILITY TO WITHSTAND HARSH ENVIRONMENTAL CONDITIONS TO BOOST MARKET GROWTH
TABLE 61 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 62 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.5 RESIN-IMPREGNATED SYNTHETIC
12.5.1 PRESENCE OF EXPLOSION-PROOF PROPERTIES IN RESIN-IMPREGNATED SYNTHETIC MATERIALS TO DRIVE DEMAND
TABLE 63 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 64 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
13 SUBMARINE POWER CABLE MARKET, BY REGION
13.1 INTRODUCTION
FIGURE 49 NORTH AMERICA TO REGISTER HIGHEST IN SUBMARINE POWER CABLE MARKET CAGR DURING FORECAST PERIOD
TABLE 65 SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
FIGURE 50 EUROPE TO CLAIM LARGEST MARKET SHARE OF SUBMARINE POWER CABLE MARKET IN 2024
TABLE 66 SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
13.2 NORTH AMERICA
13.2.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN NORTH AMERICA
FIGURE 51 NORTH AMERICA: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 67 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 68 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 69 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 70 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.2 US
13.2.2.1 Growing government-led initiatives to promote offshore wind energy to drive market
TABLE 71 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 72 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.3 CANADA
13.2.3.1 Increasing focus on developing clean economy with renewable energy technologies to boost demand
TABLE 73 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 74 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.4 MEXICO
13.2.4.1 Surging offshore oil activities to drive demand
TABLE 75 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 76 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3 EUROPE
13.3.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN EUROPE
FIGURE 52 EUROPE: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 77 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 78 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 79 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 80 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.2 UK
13.3.2.1 Rising emphasis on reducing GHG emissions to boost demand
TABLE 81 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 82 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.3 GERMANY
13.3.3.1 New renewable energy projects to boost market growth
TABLE 83 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 84 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.4 DENMARK
13.3.4.1 Rising investments in offshore wind sector to accelerate demand
TABLE 85 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 86 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.5 NETHERLANDS
13.3.5.1 Government initiatives to promote sustainable energy fuel to boost demand
TABLE 87 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 88 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.6 NORWAY
13.3.6.1 Growing focus on expanding offshore wind energy capacity to drive market
TABLE 89 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 90 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.7 FRANCE
13.3.7.1 Increasing investment in renewable energy projects to drive market
TABLE 91 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 92 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.8 REST OF EUROPE
TABLE 93 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 94 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4 ASIA PACIFIC
13.4.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN ASIA PACIFIC
FIGURE 53 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 95 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 96 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 97 ASIA PACIFIC SUBMARINE: POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 98 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.2 CHINA
13.4.2.1 Growing emphasis on reducing reliance on fossil fuels to boost demand
TABLE 99 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 100 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.3 JAPAN
13.4.3.1 Rising investments from European companies to develop offshore wind energy projects to fuel market growth
TABLE 101 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 102 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.4 SOUTH KOREA
13.4.4.1 Government-led initiatives to boost renewable energy to drive market
TABLE 103 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 104 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.5 MALAYSIA
13.4.5.1 Increasing oil & gas exploration activities to drive demand
TABLE 105 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 106 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.6 INDONESIA
13.4.6.1 Growing use of carbon capture and storage technologies to drive market
TABLE 107 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 108 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.7 VIETNAM
13.4.7.1 Increased investments in improving offshore energy capacity to fuel market growth
TABLE 109 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 110 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.8 REST OF ASIA PACIFIC
TABLE 111 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5 MIDDLE EAST & AFRICA
13.5.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN MIDDLE EAST & AFRICA
TABLE 113 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 114 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.2 UAE
13.5.2.1 Implementation of advanced techniques to increase oil production to foster market growth
TABLE 117 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 118 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.3 SAUDI ARABIA
13.5.3.1 Growing focus on offshore exploration activities to drive market
TABLE 119 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 120 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.4 ANGOLA
13.5.4.1 Rising public—private collaborations to boost offshore oil & gas sector to drive market
TABLE 121 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 122 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 123 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 124 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6 SOUTH AMERICA
13.6.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN SOUTH AMERICA
TABLE 125 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 126 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 127 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 128 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.2 BRAZIL
13.6.2.1 Government-led initiatives to boost investments in oil and natural gas exploration activities to drive market
TABLE 129 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 130 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.3 ARGENTINA
13.6.3.1 Growing focus on developing renewable sector to drive market
TABLE 131 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 132 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.4 REST OF SOUTH AMERICA
TABLE 133 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 134 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
14 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION
14.1 INTRODUCTION
TABLE 135 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
FIGURE 54 TRANSATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET IN 2024
TABLE 136 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
14.2 TRANSATLANTIC
14.2.1 EMERGENCE OF 5G TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
TABLE 137 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 138 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.3 TRANSPACIFIC
14.3.1 INCREASING INITIATIVES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS TO BOOST DEMAND
TABLE 139 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 140 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.4 INTRA-ASIA
14.4.1 GROWING FOCUS OF OTT PLAYERS ON CAPACITY EXPANSION TO DRIVE MARKET
TABLE 141 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 142 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.5 AMERICAS
14.5.1 EXPANSION OF OTT BASE TO BOOST DEMAND
TABLE 143 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 144 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.6 EUROPE-ASIA
14.6.1 RISING ADOPTION OF MOBILE AND CLOUD SERVICES TO FUEL MARKET GROWTH
TABLE 145 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 146 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.7 EMEA
14.7.1 GROWING IMPLEMENTATION OF PROJECTS TO DEVELOP SUBMARINE COMMUNICATION CABLES TO DRIVE MARKET
TABLE 147 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 148 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
15 COMPETITIVE LANDSCAPE
15.1 OVERVIEW
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
TABLE 149 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
15.3 REVENUE ANALYSIS, 2021–2023
FIGURE 55 SUBMARINE POWER CABLE SYSTEM MARKET: REVENUE ANALYSIS OF TOP THREE PLAYERS, 2021–2023
15.4 MARKET SHARE ANALYSIS, 2023
TABLE 150 SUBMARINE COMMUNICATION CABLE SYSTEM MARKET: DEGREE OF COMPETITION
FIGURE 56 SUBMARINE COMMUNICATION CABLE SYSTEM MARKET SHARE ANALYSIS, 2023
TABLE 151 SUBMARINE POWER CABLE SYSTEM MARKET: DEGREE OF COMPETITION
FIGURE 57 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2023
15.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 58 COMPANY VALUATION, 2024 (USD MILLION)
FIGURE 59 FINANCIAL METRICS, 2024
15.6 BRAND/PRODUCT COMPARISON
FIGURE 60 BRAND/PRODUCT COMPARISON
15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
15.7.1 STARS
15.7.2 EMERGING LEADERS
15.7.3 PERVASIVE PLAYERS
15.7.4 PARTICIPANTS
FIGURE 61 SUBMARINE CABLE SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
15.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
15.7.5.1 Submarine power cable market: Company footprint
FIGURE 62 SUBMARINE POWER CABLE MARKET: COMPANY FOOTPRINT
15.7.5.1.1 End-use application footprint
TABLE 152 SUBMARINE POWER CABLE MARKET: END–USE APPLICATION FOOTPRINT
15.7.5.1.2 Type footprint
TABLE 153 SUBMARINE POWER CABLE MARKET: TYPE FOOTPRINT
15.7.5.1.3 Region footprint
TABLE 154 SUBMARINE POWER CABLE MARKET: REGION FOOTPRINT
15.7.5.2 Submarine communication cable market: Company footprint
FIGURE 63 SUBMARINE COMMUNICATION CABLE MARKET: COMPANY FOOTPRINT
15.7.5.2.1 Service offering footprint
TABLE 155 SUBMARINE COMMUNICATION CABLE MARKET: SERVICE OFFERING FOOTPRINT
15.7.5.2.2 Component footprint
TABLE 156 SUBMARINE COMMUNICATION CABLE MARKET: COMPONENT FOOTPRINT
15.7.5.2.3 Region footprint
TABLE 157 SUBMARINE COMMUNICATION CABLE MARKET: REGION FOOTPRINT
15.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
15.8.1 PROGRESSIVE COMPANIES
15.8.2 RESPONSIVE COMPANIES
15.8.3 DYNAMIC COMPANIES
15.8.4 STARTING BLOCKS
FIGURE 64 SUBMARINE CABLE SYSTEM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
15.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
15.8.5.1 Detailed list of key startups/SMEs
TABLE 158 SUBMARINE CABLE SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES
15.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 159 SUBMARINE CABLE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
15.9 COMPETITIVE SCENARIO AND TRENDS
15.9.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 160 SUBMARINE CABLE SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024
15.9.2 DEALS
TABLE 161 SUBMARINE CABLE SYSTEM MARKET: DEALS, JANUARY 2020–MAY 2024
15.9.3 EXPANSIONS
TABLE 162 SUBMARINE CABLE SYSTEM MARKET: EXPANSIONS, JANUARY 2020–MAY 2024
15.9.4 OTHERS
TABLE 163 SUBMARINE CABLE SYSTEM MARKET: OTHERS, JANUARY 2020–MAY 2024
16 COMPANY PROFILES
(Business Overview, Products/Solutions/Services /Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
16.1 KEY PLAYERS
16.1.1 ALCATEL SUBMARINE NETWORKS
TABLE 164 ALCATEL SUBMARINE NETWORKS: COMPANY OVERVIEW
TABLE 165 ALCATEL SUBMARINE NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 166 ALCATEL SUBMARINE NETWORKS: DEALS
TABLE 167 ALCATEL SUBMARINE NETWORKS: EXPANSIONS
TABLE 168 ALCATEL SUBMARINE NETWORKS: OTHERS
16.1.2 PRYSMIAN GROUP
TABLE 169 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 65 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 170 PRYSMIAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 171 PRYSMIAN GROUP: EXPANSIONS
TABLE 172 PRYSMIAN GROUP: OTHERS
16.1.3 SUBCOM, LLC
TABLE 173 SUBCOM, LLC: COMPANY OVERVIEW
TABLE 174 SUBCOM, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 SUBCOM, LLC: DEALS
TABLE 176 SUBCOM, LLC: EXPANSIONS
TABLE 177 SUBCOM, LLC: OTHERS
16.1.4 NEC CORPORATION
TABLE 178 NEC CORPORATION: COMPANY OVERVIEW
FIGURE 66 NEC CORPORATION: COMPANY SNAPSHOT
TABLE 179 NEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 180 NEC CORPORATION: PRODUCT LAUNCHES
TABLE 181 NEC CORPORATION: OTHERS
16.1.5 NEXANS
TABLE 182 NEXANS: COMPANY OVERVIEW
FIGURE 67 NEXANS: COMPANY SNAPSHOT
TABLE 183 NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 184 NEXANS: DEALS
TABLE 185 NEXANS: OTHERS
16.1.6 HENGTONG GROUP CO., LTD.
TABLE 186 HENGTONG GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 187 HENGTONG GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 188 HENGTONG GROUP CO., LTD.: OTHERS
16.1.7 ZTT
TABLE 189 ZTT: COMPANY OVERVIEW
FIGURE 68 ZTT: COMPANY SNAPSHOT
TABLE 190 ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 191 ZTT: PRODUCT LAUNCHES
TABLE 192 ZTT: DEALS
16.1.8 NKT A/S
TABLE 193 NKT A/S: COMPANY OVERVIEW
FIGURE 69 NKT A/S: COMPANY SNAPSHOT
TABLE 194 NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 195 NKT A/S: DEALS
TABLE 196 NKT A/S: OTHERS
16.1.9 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 197 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 70 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 198 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 199 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 200 SUMITOMO ELECTRIC INDUSTRIES, LTD.: EXPANSIONS
TABLE 201 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
16.1.10 LS CABLE & SYSTEM LTD.
TABLE 202 LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW
FIGURE 71 LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT
TABLE 203 LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 204 LS CABLE & SYSTEM LTD.: OTHERS
16.2 OTHER PLAYERS
16.2.1 CORNING INCORPORATED
16.2.2 NINGBO ORIENT WIRES &CABLES CO., LTD.
16.2.3 TAIHAN CABLE & SOLUTION CO., LTD.
16.2.4 QINGDAO HAN CABLE CO., LTD.
16.2.5 FURUKAWA ELECTRIC CO., LTD.
16.2.6 HEXATRONIC GROUP
16.2.7 APAR INDUSTRIES
16.2.8 TFKABLE
16.2.9 AFL
16.2.10 HELLENIC CABLES
16.2.11 OCEAN SPECIALISTS, INC.
16.2.12 SSGCABLE
16.2.13 OCC CORPORATION
16.2.14 1X TECHNOLOGIES LLC
16.2.15 TRATOS
*Details on Business Overview, Products/Solutions/Services /Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
17 ADJACENT AND RELATED MARKETS
17.1 INTRODUCTION
17.2 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
17.2.1 INTRODUCTION
TABLE 205 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 206 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
17.3 LINE COMMUTATED CONVERTER
17.3.1 GROWING APPLICATIONS IN HIGH-POWER LONG-DISTANCE TRANSMISSIONS TO BOOST DEMAND
TABLE 207 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 208 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SUBMARINE CABLE SYSTEM MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 CURRENCY CONVERSION RATES
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 SUBMARINE CABLE SYSTEM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key participants in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 3 SUBMARINE CABLE SYSTEM MARKET SIZE ESTIMATION: RESEARCH FLOW
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH—REVENUE GENERATED FROM SALES OF SUBMARINE POWER CABLE SYSTEMS
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SUBMARINE CABLE SYSTEM MARKET
2.6 RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 SUBMARINE CABLE SYSTEM MARKET, 2020–2029 (USD MILLION)
FIGURE 9 POWER CABLES SEGMENT TO HOLD THE LARGER SHARE OF SUBMARINE CABLE SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 10 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE IN SUBMARINE COMMUNICATION CABLE MARKET IN 2024
FIGURE 11 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO GROW AT HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
FIGURE 12 HIGH-VOLTAGE SEGMENT TO RECORD HIGHER CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
FIGURE 13 SUBMARINE COMMUNICATION CABLE MARKET IN TRANSPACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 14 EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SUBMARINE CABLE SYSTEM MARKET
FIGURE 15 INCREASING INVESTMENTS IN OFFSHORE WIND POWER PROJECTS TO DRIVE SUBMARINE POWER CABLE MARKET
4.2 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE
FIGURE 16 POWER CABLES SEGMENT TO LEAD SUBMARINE CABLE SYSTEM MARKET IN 2024
4.3 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT
FIGURE 17 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET SHARE IN 2029
4.4 SUBMARINE POWER CABLE MARKET, BY INSULATION
FIGURE 18 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET IN 2024
4.5 SUBMARINE POWER CABLE MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY
FIGURE 19 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT AND UK TO HOLD LARGEST SHARES OF EUROPEAN SUBMARINE POWER CABLE MARKET IN 2024
4.6 SUBMARINE POWER CABLE MARKET, BY COUNTRY
FIGURE 20 GERMANY TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 SUBMARINE CABLE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Expanding offshore wind power capacity
FIGURE 22 COUNTRY-/REGION-WISE DATA ON NEW INSTALLATIONS OF OFFSHORE WIND POWER CAPACITY, 2023
5.2.1.2 Affordable access to internet connectivity
5.2.1.3 Shift toward 5G and cloud services
FIGURE 23 GLOBAL FORECAST FOR 5G SUBSCRIPTIONS, 2023–2028 (BILLION)
5.2.1.4 Rising need for Internet services in Transpacific region
5.2.1.5 Increasing demand for electric energy on islands
FIGURE 24 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High initial investments and associated maintenance costs
5.2.2.2 Involvement of multiple jurisdictions
FIGURE 25 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Deployment of HVDC power transmission technology
TABLE 2 UPCOMING SUBMARINE POWER CABLE PROJECTS
TABLE 3 UPCOMING SUBMARINE COMMUNICATION CABLE PROJECTS
5.2.3.2 Increasing participation of OTT players
FIGURE 26 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Lack of commissioning, maintenance, and repair vessels
5.2.4.2 Emergence of alternate technologies
FIGURE 27 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 28 SUBMARINE CABLE SYSTEM MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 29 SUBMARINE CABLE SYSTEM MARKET ECOSYSTEM
TABLE 4 ROLE OF COMPANIES IN SUBMARINE CABLE SYSTEM ECOSYSTEM
5.5 PORTER'S FIVE FORCES ANALYSIS
TABLE 5 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 30 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
5.5.1 INTENSITY OF COMPETITIVE RIVALRY
5.5.2 BARGAINING POWER OF SUPPLIERS
5.5.3 BARGAINING POWER OF BUYERS
5.5.4 THREAT OF SUBSTITUTES
5.5.5 THREAT OF NEW ENTRANTS
5.6 KEY STAKEHOLDERS AND BUYING PROCESS
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION
TABLE 6 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION (%)
5.6.2 BUYING CRITERIA
FIGURE 32 KEY BUYING CRITERIA, BY END-USE APPLICATION
TABLE 7 KEY BUYING CRITERIA, BY END-USE APPLICATION
5.7 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 8 LIST OF CONFERENCES AND EVENTS, 2024–2025
5.8 TARIFF AND REGULATORY LANDSCAPE
5.8.1 TARIFF RELATED TO SUBMARINE POWER CABLE UNITS
TABLE 9 MFN TARIFF FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY (%)
5.8.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8.3 STANDARDS
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 8544)
FIGURE 33 IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT SCENARIO (HS CODE 8544)
FIGURE 34 EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 TECHNOLOGY ANALYSIS
5.10.1 KEY TECHNOLOGIES
5.10.1.1 Wavelength division multiplexing
5.10.1.2 P-Laser cable technology
5.10.1.3 Open cables
5.10.2 COMPLIMENTARY TECHNOLOGIES
5.10.2.1 Subsea robotics
5.10.3 ADJACENT TECHNOLOGIES
5.10.3.1 Remote sensing and satellite communication
5.11 PATENT ANALYSIS
FIGURE 35 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO SUBMARINE CABLE SYSTEMS, 2014–2023
TABLE 14 LIST OF APPLIED/GRANTED PATENTS RELATED TO SUBMARINE CABLE SYSTEMS, 2020–2023
5.12 CASE STUDY ANALYSIS
5.12.1 ANDAMAN AND NICOBAR ISLANDS WERE CONNECTED TO CHENNAI THROUGH HIGH-SPEED OPTICAL FIBER CABLE NETWORK DESIGNED BY NEC
5.12.2 TRATOS DELIVERED SUBMARINE COMPOSITE CABLES FOR ENI'S MEXICO AREA 1 PHASE II DEVELOPMENT PROJECT THAT HELPED IN TACKLING LOGISTICAL CHALLENGES
5.12.3 GCS ASSISTED XTERA TO DEPLOY SUBMARINE CABLE SYSTEM THAT BOOSTED CONNECTIVITY BETWEEN GALAPAGOS ISLANDS AND ECUADOR
5.12.4 CS2 PROJECT HELPED IN PROVIDING FASTER, MORE AFFORDABLE, AND RELIABLE INTERNET CONNECTIVITY TO PAPUA NEW GUINEA AND SOLOMON ISLANDS
5.12.5 N-SEA ENHANCED PROJECT RESILIENCE WITH SINAY'S METOCEAN ANALYTICS FOR WEATHER RISK MANAGEMENT
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 36 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
5.14 INVESTMENT AND FUNDING SCENARIO
FIGURE 37 INVESTMENT AND FUNDING SCENARIO, 2017–2022
5.15 PRICING ANALYSIS
TABLE 15 INDICATIVE PRICING OF SUBMARINE CABLE TYPES, 2020–2023 (USD)
FIGURE 38 AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLE SYSTEMS, 2020–2029 (USD)
5.15.1 INDICATIVE PRICING OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS
TABLE 16 INDICATIVE PRICING OF SUBMARINE CABLE TYPES OFFERED BY KEY PLAYERS
FIGURE 39 INDICATIVE PRICING TREND OF KEY PLAYERS, BY CABLE TYPE
5.15.2 AVERAGE SELLING PRICING TREND, BY REGION
FIGURE 40 AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLE SYSTEMS, BY REGION
6 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE
6.1 INTRODUCTION
FIGURE 41 POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEM MARKET IN 2029
TABLE 17 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2020–2023 (USD MILLION)
TABLE 18 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2024–2029 (USD MILLION)
6.2 COMMUNICATION CABLES
6.2.1 INCREASING DEMAND FOR CONNECTED DEVICES TO FUEL MARKET GROWTH
TABLE 19 SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (KILOMETERS)
TABLE 20 SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (KILOMETERS)
6.3 POWER CABLES
6.3.1 GROWING NUMBER OF OFFSHORE WIND FARM INSTALLATIONS TO FOSTER SEGMENTAL GROWTH
FIGURE 42 OFFSHORE WIND CAPACITY INSTALLATIONS, 2020–2023 (GW)
TABLE 21 SUBMARINE POWER CABLE MARKET, 2020–2023 (KILOMETERS)
TABLE 22 SUBMARINE POWER CABLE MARKET, 2024–2029 (KILOMETERS)
7 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT
7.1 INTRODUCTION
TABLE 23 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
FIGURE 43 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, IN 2024
TABLE 24 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
7.2 DRY PLANT PRODUCTS
7.2.1 RISING NEED FOR ADVANCED TERRESTRIAL EQUIPMENT TO ADDRESS DATA TRAFFIC ISSUES AND ENSURE SEAMLESS CONNECTIVITY TO BOOST DEMAND
7.2.2 SUBMARINE LINE TERMINAL EQUIPMENT
7.2.3 SUBMARINE LINE MONITORS
7.2.4 POWER FEEDING EQUIPMENT
7.3 WET PLANT PRODUCTS
7.3.1 GROWING DEMAND FOR HIGH-CAPACITY AND DEPENDABLE UNDERWATER COMMUNICATION INFRASTRUCTURE TO FUEL MARKET GROWTH
TABLE 25 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (USD MILLION)
TABLE 26 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (USD MILLION)
7.3.2 REPEATERS
7.3.3 BRANCHING UNITS
7.3.4 CABLES
7.3.5 OTHER WET PLANT PRODUCTS
8 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING
8.1 INTRODUCTION
TABLE 27 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
FIGURE 44 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET, BY SERVICE OFFERING, IN 2029
TABLE 28 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
8.2 INSTALLATION & COMMISSIONING
8.2.1 INCREASING GLOBAL DEMAND FOR HIGH-SPEED AND RELIABLE CONNECTIVITY TO FOSTER SEGMENTAL GROWTH
TABLE 29 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 30 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
8.3 MAINTENANCE
8.3.1 RISING DAMAGES CAUSED DUE TO HUMAN ACTIVITIES TO BOOST DEMAND
TABLE 31 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 32 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
8.4 SYSTEM UPGRADE
8.4.1 DEPLOYMENT OF COHERENT TRANSMISSION TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
TABLE 33 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 34 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
9 SUBMARINE POWER CABLE MARKET, BY TYPE
9.1 INTRODUCTION
TABLE 35 SUBMARINE POWER CABLE MARKET, BY TYPE, 2020–2023 (USD MILLION)
FIGURE 45 SINGLE CORE SEGMENT TO LEAD SUBMARINE POWER CABLE MARKET, BY TYPE, IN 2024
TABLE 36 SUBMARINE POWER CABLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2 SINGLE CORE
9.2.1 GROWING APPLICATIONS IN OFFSHORE WIND FARMS AND POWER DISTRIBUTION IN REMOTE ISLANDS TO FOSTER SEGMENTAL GROWTH
TABLE 37 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 38 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
9.3 MULTICORE
9.3.1 ABILITY OF LEAD SHEATHS TO PREVENT WATER CONTACT WITH LEAD SHEATHS TO FUEL MARKET GROWTH
TABLE 39 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 40 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
10 SUBMARINE POWER CABLE MARKET, BY VOLTAGE
10.1 INTRODUCTION
TABLE 41 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2020–2023 (USD MILLION)
FIGURE 46 HIGH-VOLTAGE SEGMENT TO REGISTER HIGHER CAGR IN SUBMARINE POWER CABLE MARKET, BY VOLTAGE, DURING FORECAST PERIOD
TABLE 42 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)
10.2 MEDIUM-VOLTAGE
10.2.1 INCREASING DEMAND FOR INTERGENERATOR CONNECTIONS ON WIND FARMS AND OFFSHORE OIL & GAS PLATFORMS TO DRIVE MARKET
TABLE 43 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 HIGH-VOLTAGE
10.3.1 RISING POWER GENERATION FROM OFFSHORE PLANTS USING RENEWABLE SOURCES TO BOOST DEMAND
TABLE 45 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 46 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION
11.1 INTRODUCTION
TABLE 47 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
FIGURE 47 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD
TABLE 48 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
11.2 OFFSHORE WIND POWER GENERATION PLANTS
11.2.1 INCREASING DEMAND FOR LONG-DISTANCE POWER TRANSMISSIONS TO DRIVE MARKET
TABLE 49 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 50 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11.3 INTERCOUNTRY & ISLAND CONNECTION
11.3.1 GROWING DEMAND FOR CLEAN AND RENEWABLE ENERGY TO FUEL MARKET GROWTH
TABLE 51 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 52 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
11.4 OFFSHORE OIL & GAS PLANTS
11.4.1 RISING USE OF SATELLITE WELLS FOR SUBSEA FIELD DEVELOPMENT TO ACCELERATE DEMAND
TABLE 53 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 54 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12 SUBMARINE POWER CABLE MARKET, BY INSULATION
12.1 INTRODUCTION
TABLE 55 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2020–2023 (USD MILLION)
FIGURE 48 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET, BY INSULATION, IN 2029
TABLE 56 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2024–2029 (USD MILLION)
12.2 CROSS-LINKED POLYETHYLENE
12.2.1 ABILITY TO OFFER HIGH ELECTRIC AND MECHANICAL STRENGTH TO BOOST DEMAND
TABLE 57 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 58 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.3 OIL-IMPREGNATED PAPER
12.3.1 RISING APPLICATION IN HIGH-VOLTAGE DC TRANSMISSION LINES TO FUEL MARKET GROWTH
TABLE 59 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 60 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.4 RESIN-IMPREGNATED PAPER
12.4.1 ABILITY TO WITHSTAND HARSH ENVIRONMENTAL CONDITIONS TO BOOST MARKET GROWTH
TABLE 61 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 62 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
12.5 RESIN-IMPREGNATED SYNTHETIC
12.5.1 PRESENCE OF EXPLOSION-PROOF PROPERTIES IN RESIN-IMPREGNATED SYNTHETIC MATERIALS TO DRIVE DEMAND
TABLE 63 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 64 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
13 SUBMARINE POWER CABLE MARKET, BY REGION
13.1 INTRODUCTION
FIGURE 49 NORTH AMERICA TO REGISTER HIGHEST IN SUBMARINE POWER CABLE MARKET CAGR DURING FORECAST PERIOD
TABLE 65 SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
FIGURE 50 EUROPE TO CLAIM LARGEST MARKET SHARE OF SUBMARINE POWER CABLE MARKET IN 2024
TABLE 66 SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
13.2 NORTH AMERICA
13.2.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN NORTH AMERICA
FIGURE 51 NORTH AMERICA: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 67 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 68 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 69 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 70 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.2 US
13.2.2.1 Growing government-led initiatives to promote offshore wind energy to drive market
TABLE 71 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 72 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.3 CANADA
13.2.3.1 Increasing focus on developing clean economy with renewable energy technologies to boost demand
TABLE 73 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 74 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.2.4 MEXICO
13.2.4.1 Surging offshore oil activities to drive demand
TABLE 75 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 76 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3 EUROPE
13.3.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN EUROPE
FIGURE 52 EUROPE: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 77 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 78 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 79 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 80 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.2 UK
13.3.2.1 Rising emphasis on reducing GHG emissions to boost demand
TABLE 81 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 82 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.3 GERMANY
13.3.3.1 New renewable energy projects to boost market growth
TABLE 83 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 84 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.4 DENMARK
13.3.4.1 Rising investments in offshore wind sector to accelerate demand
TABLE 85 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 86 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.5 NETHERLANDS
13.3.5.1 Government initiatives to promote sustainable energy fuel to boost demand
TABLE 87 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 88 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.6 NORWAY
13.3.6.1 Growing focus on expanding offshore wind energy capacity to drive market
TABLE 89 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 90 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.7 FRANCE
13.3.7.1 Increasing investment in renewable energy projects to drive market
TABLE 91 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 92 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.3.8 REST OF EUROPE
TABLE 93 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 94 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4 ASIA PACIFIC
13.4.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN ASIA PACIFIC
FIGURE 53 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SNAPSHOT
TABLE 95 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 96 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 97 ASIA PACIFIC SUBMARINE: POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 98 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.2 CHINA
13.4.2.1 Growing emphasis on reducing reliance on fossil fuels to boost demand
TABLE 99 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 100 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.3 JAPAN
13.4.3.1 Rising investments from European companies to develop offshore wind energy projects to fuel market growth
TABLE 101 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 102 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.4 SOUTH KOREA
13.4.4.1 Government-led initiatives to boost renewable energy to drive market
TABLE 103 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 104 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.5 MALAYSIA
13.4.5.1 Increasing oil & gas exploration activities to drive demand
TABLE 105 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 106 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.6 INDONESIA
13.4.6.1 Growing use of carbon capture and storage technologies to drive market
TABLE 107 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 108 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.7 VIETNAM
13.4.7.1 Increased investments in improving offshore energy capacity to fuel market growth
TABLE 109 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 110 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.4.8 REST OF ASIA PACIFIC
TABLE 111 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5 MIDDLE EAST & AFRICA
13.5.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN MIDDLE EAST & AFRICA
TABLE 113 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 114 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.2 UAE
13.5.2.1 Implementation of advanced techniques to increase oil production to foster market growth
TABLE 117 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 118 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.3 SAUDI ARABIA
13.5.3.1 Growing focus on offshore exploration activities to drive market
TABLE 119 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 120 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.4 ANGOLA
13.5.4.1 Rising public—private collaborations to boost offshore oil & gas sector to drive market
TABLE 121 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 122 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 123 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 124 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6 SOUTH AMERICA
13.6.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN SOUTH AMERICA
TABLE 125 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 126 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 127 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 128 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.2 BRAZIL
13.6.2.1 Government-led initiatives to boost investments in oil and natural gas exploration activities to drive market
TABLE 129 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 130 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.3 ARGENTINA
13.6.3.1 Growing focus on developing renewable sector to drive market
TABLE 131 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 132 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
13.6.4 REST OF SOUTH AMERICA
TABLE 133 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
TABLE 134 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
14 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION
14.1 INTRODUCTION
TABLE 135 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION)
FIGURE 54 TRANSATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET IN 2024
TABLE 136 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION)
14.2 TRANSATLANTIC
14.2.1 EMERGENCE OF 5G TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
TABLE 137 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 138 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.3 TRANSPACIFIC
14.3.1 INCREASING INITIATIVES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS TO BOOST DEMAND
TABLE 139 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 140 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.4 INTRA-ASIA
14.4.1 GROWING FOCUS OF OTT PLAYERS ON CAPACITY EXPANSION TO DRIVE MARKET
TABLE 141 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 142 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.5 AMERICAS
14.5.1 EXPANSION OF OTT BASE TO BOOST DEMAND
TABLE 143 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 144 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.6 EUROPE-ASIA
14.6.1 RISING ADOPTION OF MOBILE AND CLOUD SERVICES TO FUEL MARKET GROWTH
TABLE 145 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 146 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
14.7 EMEA
14.7.1 GROWING IMPLEMENTATION OF PROJECTS TO DEVELOP SUBMARINE COMMUNICATION CABLES TO DRIVE MARKET
TABLE 147 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION)
TABLE 148 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION)
15 COMPETITIVE LANDSCAPE
15.1 OVERVIEW
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
TABLE 149 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
15.3 REVENUE ANALYSIS, 2021–2023
FIGURE 55 SUBMARINE POWER CABLE SYSTEM MARKET: REVENUE ANALYSIS OF TOP THREE PLAYERS, 2021–2023
15.4 MARKET SHARE ANALYSIS, 2023
TABLE 150 SUBMARINE COMMUNICATION CABLE SYSTEM MARKET: DEGREE OF COMPETITION
FIGURE 56 SUBMARINE COMMUNICATION CABLE SYSTEM MARKET SHARE ANALYSIS, 2023
TABLE 151 SUBMARINE POWER CABLE SYSTEM MARKET: DEGREE OF COMPETITION
FIGURE 57 SUBMARINE POWER CABLE MARKET SHARE ANALYSIS, 2023
15.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 58 COMPANY VALUATION, 2024 (USD MILLION)
FIGURE 59 FINANCIAL METRICS, 2024
15.6 BRAND/PRODUCT COMPARISON
FIGURE 60 BRAND/PRODUCT COMPARISON
15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
15.7.1 STARS
15.7.2 EMERGING LEADERS
15.7.3 PERVASIVE PLAYERS
15.7.4 PARTICIPANTS
FIGURE 61 SUBMARINE CABLE SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
15.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
15.7.5.1 Submarine power cable market: Company footprint
FIGURE 62 SUBMARINE POWER CABLE MARKET: COMPANY FOOTPRINT
15.7.5.1.1 End-use application footprint
TABLE 152 SUBMARINE POWER CABLE MARKET: END–USE APPLICATION FOOTPRINT
15.7.5.1.2 Type footprint
TABLE 153 SUBMARINE POWER CABLE MARKET: TYPE FOOTPRINT
15.7.5.1.3 Region footprint
TABLE 154 SUBMARINE POWER CABLE MARKET: REGION FOOTPRINT
15.7.5.2 Submarine communication cable market: Company footprint
FIGURE 63 SUBMARINE COMMUNICATION CABLE MARKET: COMPANY FOOTPRINT
15.7.5.2.1 Service offering footprint
TABLE 155 SUBMARINE COMMUNICATION CABLE MARKET: SERVICE OFFERING FOOTPRINT
15.7.5.2.2 Component footprint
TABLE 156 SUBMARINE COMMUNICATION CABLE MARKET: COMPONENT FOOTPRINT
15.7.5.2.3 Region footprint
TABLE 157 SUBMARINE COMMUNICATION CABLE MARKET: REGION FOOTPRINT
15.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
15.8.1 PROGRESSIVE COMPANIES
15.8.2 RESPONSIVE COMPANIES
15.8.3 DYNAMIC COMPANIES
15.8.4 STARTING BLOCKS
FIGURE 64 SUBMARINE CABLE SYSTEM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
15.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
15.8.5.1 Detailed list of key startups/SMEs
TABLE 158 SUBMARINE CABLE SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES
15.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 159 SUBMARINE CABLE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
15.9 COMPETITIVE SCENARIO AND TRENDS
15.9.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 160 SUBMARINE CABLE SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024
15.9.2 DEALS
TABLE 161 SUBMARINE CABLE SYSTEM MARKET: DEALS, JANUARY 2020–MAY 2024
15.9.3 EXPANSIONS
TABLE 162 SUBMARINE CABLE SYSTEM MARKET: EXPANSIONS, JANUARY 2020–MAY 2024
15.9.4 OTHERS
TABLE 163 SUBMARINE CABLE SYSTEM MARKET: OTHERS, JANUARY 2020–MAY 2024
16 COMPANY PROFILES
(Business Overview, Products/Solutions/Services /Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
16.1 KEY PLAYERS
16.1.1 ALCATEL SUBMARINE NETWORKS
TABLE 164 ALCATEL SUBMARINE NETWORKS: COMPANY OVERVIEW
TABLE 165 ALCATEL SUBMARINE NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 166 ALCATEL SUBMARINE NETWORKS: DEALS
TABLE 167 ALCATEL SUBMARINE NETWORKS: EXPANSIONS
TABLE 168 ALCATEL SUBMARINE NETWORKS: OTHERS
16.1.2 PRYSMIAN GROUP
TABLE 169 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 65 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 170 PRYSMIAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 171 PRYSMIAN GROUP: EXPANSIONS
TABLE 172 PRYSMIAN GROUP: OTHERS
16.1.3 SUBCOM, LLC
TABLE 173 SUBCOM, LLC: COMPANY OVERVIEW
TABLE 174 SUBCOM, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 SUBCOM, LLC: DEALS
TABLE 176 SUBCOM, LLC: EXPANSIONS
TABLE 177 SUBCOM, LLC: OTHERS
16.1.4 NEC CORPORATION
TABLE 178 NEC CORPORATION: COMPANY OVERVIEW
FIGURE 66 NEC CORPORATION: COMPANY SNAPSHOT
TABLE 179 NEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 180 NEC CORPORATION: PRODUCT LAUNCHES
TABLE 181 NEC CORPORATION: OTHERS
16.1.5 NEXANS
TABLE 182 NEXANS: COMPANY OVERVIEW
FIGURE 67 NEXANS: COMPANY SNAPSHOT
TABLE 183 NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 184 NEXANS: DEALS
TABLE 185 NEXANS: OTHERS
16.1.6 HENGTONG GROUP CO., LTD.
TABLE 186 HENGTONG GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 187 HENGTONG GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 188 HENGTONG GROUP CO., LTD.: OTHERS
16.1.7 ZTT
TABLE 189 ZTT: COMPANY OVERVIEW
FIGURE 68 ZTT: COMPANY SNAPSHOT
TABLE 190 ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 191 ZTT: PRODUCT LAUNCHES
TABLE 192 ZTT: DEALS
16.1.8 NKT A/S
TABLE 193 NKT A/S: COMPANY OVERVIEW
FIGURE 69 NKT A/S: COMPANY SNAPSHOT
TABLE 194 NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 195 NKT A/S: DEALS
TABLE 196 NKT A/S: OTHERS
16.1.9 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 197 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 70 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 198 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 199 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 200 SUMITOMO ELECTRIC INDUSTRIES, LTD.: EXPANSIONS
TABLE 201 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
16.1.10 LS CABLE & SYSTEM LTD.
TABLE 202 LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW
FIGURE 71 LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT
TABLE 203 LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 204 LS CABLE & SYSTEM LTD.: OTHERS
16.2 OTHER PLAYERS
16.2.1 CORNING INCORPORATED
16.2.2 NINGBO ORIENT WIRES &CABLES CO., LTD.
16.2.3 TAIHAN CABLE & SOLUTION CO., LTD.
16.2.4 QINGDAO HAN CABLE CO., LTD.
16.2.5 FURUKAWA ELECTRIC CO., LTD.
16.2.6 HEXATRONIC GROUP
16.2.7 APAR INDUSTRIES
16.2.8 TFKABLE
16.2.9 AFL
16.2.10 HELLENIC CABLES
16.2.11 OCEAN SPECIALISTS, INC.
16.2.12 SSGCABLE
16.2.13 OCC CORPORATION
16.2.14 1X TECHNOLOGIES LLC
16.2.15 TRATOS
*Details on Business Overview, Products/Solutions/Services /Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
17 ADJACENT AND RELATED MARKETS
17.1 INTRODUCTION
17.2 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
17.2.1 INTRODUCTION
TABLE 205 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 206 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
17.3 LINE COMMUTATED CONVERTER
17.3.1 GROWING APPLICATIONS IN HIGH-POWER LONG-DISTANCE TRANSMISSIONS TO BOOST DEMAND
TABLE 207 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 208 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
