Submarine Cables Market, By Service (Installation and Maintenance & Upgrade), By Application (Submarine Power Cables and Submarine Communication Cables), by End-user (Offshore Wind Power Generation, Inter country & island connection, and Offshore Oil & Ga

Submarine Cables Market, By Service (Installation and Maintenance & Upgrade), By Application (Submarine Power Cables and Submarine Communication Cables), by End-user (Offshore Wind Power Generation, Inter country & island connection, and Offshore Oil & Gas), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The worldwide focus on environmental issues has led to rise in demand for submarine cables. For instance, power suppliers and governments are supporting renewable energy sources such as off-shore wind power. In April 2020, JDR Cable Systems, a global supplier of undersea power cables to the offshore energy industry, owned by the TFKable Group, completed the delivery of subsea power cables and accessories to Jan De Nul Group for the Taiwan Power Company Offshore Wind Farm Phase One (Changhua). As of early 2020, there are approximately 406 submarine cables in service around the world. The total number of cables is constantly changing as new cables enter service and older cables are decommissioned.
Market Dynamics
Submarine communication cables are used by telecom carriers, mobile operators, multinational corporations, and research institutions across the world. Deployments of high-capacity communication systems by private network operators has led to an increase in demand for submarine communication cables. For instance, in 2018, Djibouti Telecom and Somtel announced the supply contract for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system, with TE SubCom as a supplier. The 5,400 kilometer DARE1 submarine cable system is the first step in a planned expansion into Eastern Africa, which connects Mogadishu (Somalia), Mombasa (Kenya), and Djibouti (Djibouti), and delivers up to 30 TBPS of capacity.
The maintenance & upgrade segment in the global submarine communication cable market is projected to grow at the highest CAGR during the forecast period. Submarine communication cable upgrades are required to meet the capacity requirements within fixed budgets. A combination of accurate field expertise, careful planning, and the right equipment is essential to increase undersea network capacity. Submarine communication cable upgrades have significantly changed with the introduction of coherent transmission technology. This technology combines polarization, the modulation of the amplitude, and phase modulation to transmit large volumes of information through a fiber-optic cable. Therefore, upgrade and innovation of submarine communication cables has enabled developments in power budget formulations, field trials, models, and design methodologies to ensure successful upgrades in the capacity installations of these cables.
Key features of the study:
This report provides in-depth analysis of global submarine cables market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading market players
It profiles leading players in the global submarine cables market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study are Alcatel Submarine Networks, SubCom, LLC, Huawei Marine Networks Co., Ltd., NEC Corporation, NEXANS NORWAY AS, FUJITSU, Prysmian Group, Saudi Ericsson, ABB, HENGTONG GROUP CO., LTD., ZTT, Corning Incorporated, NKT A/S, Hellenic Cables Group. The Okonite Company, Apar Industries Ltd., JDR Cable Systems Ltd., AFL, Hexatronic Cables & Interconnect Systems, and LEONI Special Cables GmbH.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global submarine cables market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global submarine cables market.
Detailed Segmentation
Global Submarine Cables Market, By Service:
Installation
Maintenance & Upgrade
Global Submarine Cables Market, By Application:
Submarine Power Cables
Submarine Communication Cables
Global Submarine Cables Market, By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
Global Submarine Cables Market, By Region:
North America
By Service:
Installation
Maintenance & Upgrade
By Application:
Submarine Power Cables
Submarine Communication Cables
By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
By Country:
U.S.
Canada
Europe
By Service:
Installation
Maintenance & Upgrade
By Application:
Submarine Power Cables
Submarine Communication Cables
By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Service:
Installation
Maintenance & Upgrade
By Application:
Submarine Power Cables
Submarine Communication Cables
By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Service:
Installation
Maintenance & Upgrade
By Application:
Submarine Power Cables
Submarine Communication Cables
By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
By Service:
Installation
Maintenance & Upgrade
By Application:
Submarine Power Cables
Submarine Communication Cables
By End-user:
Offshore Wind Power Generation
Inter Country & Island Connection
Offshore Oil & Gas
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
Alcatel Submarine Networks *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
SubCom, LLC
ABB
Huawei Marine Networks Co., Ltd.
NEC Corporation
NEXANS NORWAY AS
FUJITSU
Prysmian Group
Saudi Ericsson
HENGTONG GROUP CO., LTD.
ZTT
Corning Incorporated
NKT A/S
Hellenic Cables Group
The Okonite Company
Apar Industries Ltd.
JDR Cable Systems Ltd.
AFL
Hexatronic Cables & Interconnect Systems
LEONI Special Cables GmbH
“*” marked represents similar pointers for other companies