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Europe Submarine Cable Systems Market Forecast to 2030 - Regional Analysis - by Services (Installation Services and Maintenance & Upgradation), Cable Capacity (Less than 10 Tb/S, 10 - 20 Tb/S, 20-30 Tb/S, and More than 30Tb/S), Application (Communication and Energy & Power), and Type (Single Core and Multi Core)

July 2024 | 118 pages | ID: E9E9364CFCCDEN
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The Europe submarine cable systems market was valued at US$ 2,027.11 million in 2022 and is expected to reach US$ 4,301.04 million by 2030; it is estimated to register a CAGR of 9.9% from 2022 to 2030 .

Growing Number of Projects Based on HVDC Power Transmission Technology Drive Europe Submarine Cable Systems Market

The increasing demand for transmitting energy over long distances, including wide and deep-water bodies, necessitates the integration of renewable energy sources. As the installation of submarine cable systems rises, there is a growing need for efficient power transmission and reduced dissipative losses. High-voltage direct current (HVDC) submarine power cables offer various advantages over conventional high-voltage alternating current (HVAC) technologies, making them a preferred choice for efficient power transmission. HVDC power transmission technology is rapidly evolving, enabling the transfer of electrical power from offshore power generation sites to the mainland. This technology is particularly beneficial for integrating renewable energy sources and reducing dissipative losses in submarine cable systems. Thus, the growing number of projects based on HVDC power transmission technology is likely to create new opportunities in the submarine cable systems market during the forecast period.

Europe Submarine Cable Systems Market Overview
The Europe submarine cable systems market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The increasing adoption of mobile devices and cloud-based services in Europe has led to a surge in data consumption. This, in turn, has created a need for robust and high-capacity communication networks. Submarine cable systems play a crucial role in meeting this demand by providing reliable and high-speed connectivity between different European countries and regions. Moreover, Europe has witnessed a significant boost in data center activities, driven by the growing demand for big data analytics, cloud computing, and digital services. Data centers require efficient and secure connectivity to ensure seamless data transfer and access. Submarine cable systems enable the interconnection of data centers across different countries, facilitating the efficient transfer of data and supporting the growth of the digital economy. Europe is a hub for international trade and collaboration, with businesses and organizations requiring reliable and efficient communication infrastructure. Submarine cable systems facilitate seamless communication and data transfer between European countries and their global partners, supporting international trade, research collaborations, and multinational operations.

Europe Submarine Cable Systems Market Revenue and Forecast to 2030 (US$ Million)

Europe Submarine Cable Systems Market Segmentation

The Europe submarine cable systems market is categorized into services, cable capacity, application, type, and country.

Based on services, the Europe submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held a larger market share in 2022.

In terms of cable capacity, the Europe submarine cable systems market is segmented into less than 10 Tb/S, 10-20 Tb/S, 20-30 Tb/S, and more than 30 Tb/S. The 20-30 Tb/S segment held the largest share of Europe submarine cable systems market in 2022.

By application, the Europe submarine cable systems market is bifurcated into communication and energy & power. The communication segment held a larger share of Europe submarine cable systems market in 2022.

Based on type, the Europe submarine cable systems market is bifurcated into single core and multi-core. The single core segment held a larger share of Europe submarine cable systems market in 2022.

By country, the Europe submarine cable systems market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The UK dominated the Europe submarine cable systems market share in 2022.

Sumitomo Electric Industries Ltd; SubCom, LLC; Prysmian SpA; Alcatel Submarine Networks; Nexans SA; NEC Corp; Mitsubishi Electric Corp; Fujitsu Ltd; Vodafone Group Plc; and HMN Technologies Co., Ltd. are some of the leading companies operating in the Europe submarine cable systems market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SUBMARINE CABLE SYSTEMS MARKET LANDSCAPE

4.1 Overview
4.2 Ecosystem Analysis
  4.2.1 Component Providers:
  4.2.2 Manufacturers:
  4.2.3 Distributors or Suppliers:
  4.2.4 End User:
4.3 Submarine Cable System (List of Projects)
4.4 Submarine Cable System Market: Pricing Analysis

5. EUROPE SUBMARINE CABLE SYSTEMS MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Rise in Data Traffic
  5.1.2 Surge in Investment in Offshore Wind Power Generation
  5.1.3 Need for Reduced Latency and Reaction Time
5.2 Market Restraints
  5.2.1 High Initial Investment and Deployment Costs
  5.2.2 Damage Due to Vulnerable Climatic Conditions
5.3 Market Opportunities
  5.3.1 Growing Number of Projects Based on HVDC Power Transmission Technology
5.4 Future Trends
  5.4.1 Rise in Adoption of Cloud-based Services
5.5 Impact of Drivers and Restraints:

6. SUBMARINE CABLE SYSTEMS MARKET - EUROPE MARKET ANALYSIS

6.1 Overview
6.2 Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
6.3 Submarine Cable Systems Market Forecast Analysis

7. EUROPE SUBMARINE CABLE SYSTEMS MARKET ANALYSIS - BY SERVICES

7.1 Installation Services
  7.1.1 Overview
  7.1.2 Installation Services: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Maintenance and Upgradation
  7.2.1 Overview
  7.2.2 Maintenance and Upgradation: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)

8. EUROPE SUBMARINE CABLE SYSTEMS MARKET ANALYSIS - BY CABLE CAPACITY

8.1 Less than 10 Tb/S
  8.1.1 Overview
  8.1.2 Less than 10 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.2 10 - 20 Tb/S
  8.2.1 Overview
  8.2.2 10 - 20 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.3 20-30 Tb/S
  8.3.1 Overview
  8.3.2 20-30 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.4 More than 30Tb/S
  8.4.1 Overview
  8.4.2 More than 30Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)

9. EUROPE SUBMARINE CABLE SYSTEMS MARKET ANALYSIS - BY APPLICATION

9.1 Communication
  9.1.1 Overview
  9.1.2 Communication: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Energy and Power
  9.2.1 Overview
  9.2.2 Energy and Power: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)

10. EUROPE SUBMARINE CABLE SYSTEMS MARKET ANALYSIS - BY TYPE

10.1 Single Core
  10.1.1 Overview
  10.1.2 Single Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.2 Multi Core
  10.2.1 Overview
  10.2.2 Multi Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)

11. EUROPE SUBMARINE CABLE SYSTEMS MARKET - COUNTRY ANALYSIS

11.1 Europe Market Overview
  11.1.1 Europe: Submarine Cable Systems Market, By Key Country - Revenue 2022 (US$ Million)
  11.1.2 Europe: Submarine Cable Systems Market - Revenue and Forecast Analysis - by Country
    11.1.2.1 Europe: Submarine Cable Systems Market - Revenue and Forecast Analysis - by Country
    11.1.2.2 Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.2.1 Germany: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.2.2 Germany: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.2.3 Germany: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.2.4 Germany: Submarine Cable Systems Market Breakdown, by Type
    11.1.2.3 United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.3.1 United Kingdom: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.3.2 United Kingdom: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.3.3 United Kingdom: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.3.4 United Kingdom: Submarine Cable Systems Market Breakdown, by Type
    11.1.2.4 France: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.4.1 France: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.4.2 France: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.4.3 France: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.4.4 France: Submarine Cable Systems Market Breakdown, by Type
    11.1.2.5 Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.5.1 Italy: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.5.2 Italy: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.5.3 Italy: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.5.4 Italy: Submarine Cable Systems Market Breakdown, by Type
    11.1.2.6 Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.6.1 Russian Federation: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.6.2 Russian Federation: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.6.3 Russian Federation: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.6.4 Russian Federation: Submarine Cable Systems Market Breakdown, by Type
    11.1.2.7 Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
      11.1.2.7.1 Rest of Europe: Submarine Cable Systems Market Breakdown, by Services
      11.1.2.7.2 Rest of Europe: Submarine Cable Systems Market Breakdown, by Cable Capacity
      11.1.2.7.3 Rest of Europe: Submarine Cable Systems Market Breakdown, by Application
      11.1.2.7.4 Rest of Europe: Submarine Cable Systems Market Breakdown, by Type

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative

13. COMPANY PROFILES

13.1 Sumitomo Electric Industries Ltd
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 SubCom, LLC
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Prysmian SpA
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Alcatel Submarine Networks
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 Nexans SA
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 NEC Corp
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments
13.7 Mitsubishi Electric Corp
  13.7.1 Key Facts
  13.7.2 Business Description
  13.7.3 Products and Services
  13.7.4 Financial Overview
  13.7.5 SWOT Analysis
  13.7.6 Key Developments
13.8 HMN Technologies Co., Ltd.
  13.8.1 Key Facts
  13.8.2 Business Description
  13.8.3 Products and Services
  13.8.4 Financial Overview
  13.8.5 SWOT Analysis
  13.8.6 Key Developments
13.9 Fujitsu Ltd
  13.9.1 Key Facts
  13.9.2 Business Description
  13.9.3 Products and Services
  13.9.4 Financial Overview
  13.9.5 SWOT Analysis
  13.9.6 Key Developments
13.10 Vodafone Group Plc
  13.10.1 Key Facts
  13.10.2 Business Description
  13.10.3 Financial Overview
  13.10.4 SWOT Analysis
  13.10.5 Key Developments

14. APPENDIX

14.1 Word Index
14.2 About the Insight Partners

LIST OF TABLES

Table 1. Submarine Cable Systems Market segmentation
Table 2. List of Vendors in the Value Chain:
Table 3. Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million) - by Services
Table 5. Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million) - by Cable Capacity
Table 6. Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 7. Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 8. Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Country
Table 9. Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 10. Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 11. Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 12. Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 13. United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 14. United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 15. United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 16. United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 17. France: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 18. France: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 19. France: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 20. France: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 21. Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 22. Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 23. Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 24. Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 25. Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 26. Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 27. Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 28. Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 29. Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Services
Table 30. Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Cable Capacity
Table 31. Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 32. Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 33. List of Abbreviation12. List of Figures
Figure 1. Submarine Cable Systems Market segmentation, by Country
Figure 2. Ecosystem: Submarine Cable Systems Market
Figure 3. Submarine Cable Systems Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
Figure 6. Submarine Cable Systems Market Share (%) - by Services (2022 and 2030)
Figure 7. Installation Services: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Maintenance and Upgradation: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Submarine Cable Systems Market Share (%) - by Cable Capacity (2022 and 2030)
Figure 10. Less than 10 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. 10 - 20 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. 20 - 30 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. More than 30Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Submarine Cable Systems Market Share (%) - by Application (2022 and 2030)
Figure 15. Communication: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Energy and Power: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Submarine Cable Systems Market Share (%) - by Type (2022 and 2030)
Figure 18. Single Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Multi Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Europe: Submarine Cable Systems Market, By Key Country - Revenue 2022 (US$ Million)
Figure 21. Europe: Submarine Cable Systems Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)
Figure 23. United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)
Figure 24. France: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)
Figure 25. Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)
Figure 26. Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)
Figure 27. Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030(US$ Million)


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