Submarine Cable Systems Market Size, Share & Trends
Submarine Cable Systems Market by Cable Type (Communication Cable, Power Cable), Component (Dry Plant Product, Wet Plant Product), Insulation (Cross-linked Polyethylene, Oil-Impregnated Paper) and Type (Single Core, Multicore) - Global Forecast to 2030
USD 33.75 BN
MARKET SIZE, 2030
CAGR 11.1%
(2025-2030)
291
REPORT PAGES
211
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The global submarine cable systems market is projected to grow from USD 19.95 billion in 2025 to USD 33.75 billion by 2030, registering a CAGR of 11.1%. Submarine cable systems are widely used for communication and power transmission. The growth of these cables is driven by as they are primarily used to connect the mainland with large islands and power grids with oil & gas platforms and transmit electricity across countries or islands.
KEY TAKEAWAYS
-
BY TYPEThe submarine power cable market comprises single core and multicore cables, with single core cables widely used for offshore wind power and island connections, while multicore cables are gaining traction for complex power transmission and telecommunication applications requiring high efficiency.
-
BY VOLTAGESubmarine power cables are deployed across medium-voltage and high-voltage. High-voltage dominates due to rising offshore wind farm installations and the need for long-distance, high-capacity power transmission across regions.
-
BY INSULATIONSubmarine power cables use cross-linked polyethylene (XLPE) and oil-impregnated paper, resin-impregnated paper, and resin-impregnated synthetics (RIS). XLPE is gaining rapid adoption due to its superior thermal performance, ease of installation, and eco-friendliness, while oil-impregnated cables maintain relevance in ultra-high voltage and legacy projects.
-
BY END-USE APPLICATIONSubmarine power cables have end-use applications such as offshore wind power generation plants, intercountry & island connections, and offshore oil & gas plants. Adoption is led by the offshore wind power generation plant, which drives the largest share due to increasing renewable energy investments, followed by intercountry & island connections, and offshore oil & gas plants power transmission projects.
-
BY REGIONEurope dominates the submarine cable market, fueled by extensive offshore wind energy projects and supportive government policies. North America is expected to record the fastest growth with large-scale renewable energy integration and expanding subsea interconnections in the US and Canada.
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COMPETITIVE LANDSCAPEMajor players such as Prysmian S.p.A, NKT A/S, Nexans, Sumitomo Electric Industries, Ltd., and LS Cable & System Ltd. are focusing on organic and inorganic growth strategies, including capacity expansions, partnerships, and new project deployments, to strengthen their presence in offshore renewable and interconnection projects.
The submarine cable systems market is set to expand over the coming years, fueled by rising global data traffic, offshore wind projects, and cross-border power transmission needs. Advancements in fiber optics and HVDC technologies are enhancing connectivity, efficiency, and grid reliability worldwide.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The submarine cable systems market is experiencing strong growth, driven by the expansion of offshore wind farms, oil & gas operations, and the rising need for international communication. Increasing investments in HVDC transmission, 5G/6G connectivity, and cloud services are reshaping revenue streams while emphasizing durability, reliability, and high data capacity. At the same time, digital technologies such as AI, IoT, and machine learning are transforming operations through real-time monitoring, predictive maintenance, and data-driven decision-making, pushing companies to innovate and adapt to evolving bandwidth and interconnectivity demands.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Rising need for reliable power transmission amid expanding offshore wind power capacity
-
Increasing bandwidth usage due to high access to affordable internet connectivity
RESTRAINTS
Impact
Level
Level
-
Significant upfront investments and associated maintenance expenses
-
Requirement for permits for submarine cable installations
OPPORTUNITIES
Impact
Level
Level
-
Evolving HVDC power transmission technology
-
Increasing investment in submarine cable projects by over-the-top (OTT) players
CHALLENGES
Impact
Level
Level
-
Lack of commissioning, maintenance, and repair activities for vessels
-
Growing reliance on satellite internet technology
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rising need for reliable power transmission amid expanding offshore wind power capacity
Expanding offshore wind power capacity greatly boosts the submarine cable systems market, increasing the need for reliable power transmission infrastructure to connect offshore wind farms to onshore grids.
Restraint: Significant upfront investments and associated maintenance expenses
The initial investment required to commission a submarine cable, and the associated maintenance costs are very high, which inhibits new players from entering the market.
Opportunity: Evolving HVDC power transmission technology
With the increasing installation of submarine power cable systems, the need for efficient power transmission and reduced dissipative losses has also risen. This can be achieved with the help of high-voltage direct current (HVDC) submarine power cables that offer several advantages over conventional high-voltage alternating current (HVAC) technologies.
Challenge: Growing reliance on satellite internet technology
The majority of international data flow is transmitted via submarine cables. However, even with the massive network of subsea cables, huge populations worldwide remain unconnected or are facing disrupted connectivity, which, in turn, is restricting the use of these cables as the primary means of data transfer on a global scale.
Submarine Cable Systems Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Deployment of private subsea cable systems to expand global cloud infrastructure and handle increasing data demand | Improved global connectivity | Reduced latency| Reliable cloud services | Scalable network capacity |
 |
High-capacity transatlantic subsea cable to support Azure, Office 365, and other cloud-based services | Lower latency | Increased bandwidth | Enhanced global cloud performance | Spport for data-heavy applications |
 |
Undersea cable connecting mainland India to the Andaman & Nicobar Islands for telecom and high-speed internet | Reliable remote area connectivity | Improved telecom infrastructure | Regional digital growth |Economic development |
 |
Subsea interconnectors such as North Sea Link and Viking Link for cross-border electricity transfer and renewable energy integration | Optimized power distribution | Enhanced energy security | Better renewable energy utilization | Reduced emissions |
 |
Secure subsea cable systems managed by NAVFAC for defense communications, sensor networks, and operations | Secure and reliable military communications | Uninterrupted missions | Strengthened maritime surveillance |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The submarine cable system ecosystem is highly interconnected, involving multiple stakeholders that ensure seamless global data transmission. Manufacturers such as Alcatel Submarine Networks, Prysmian, and Nexans supply the physical cables, while service providers such as SubCom and VIAVI deliver installation, maintenance, and monitoring solutions. Data center providers, including Equinix, Ciena, and Infinera, integrate subsea connectivity with cloud and digital infrastructure, enabling low-latency communication. Meanwhile, terrestrial operators, such as China Mobile, AT&T, Airtel, and Telefónica, extend subsea connectivity to end users across regions. Finally, system integrators play a key role in bringing together manufacturing, services, and operations, ensuring reliable and large-scale deployment of submarine cable networks that power the global digital economy.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Submarine Power Cable System Market, by Type
The single core segment held a larger market share in 2024, as single core cables feature a higher bandwidth than multicore cables and, hence, a high data transmission rate. Also, single core cables are suitable for covering longer lengths as they experience lower reverse currents than multicore cables. The high value of the segment is also attributed to the high cost of installation, connectors, and systems.
Submarine Power Cable System Market, by Insulation
The cross-linked polyethylene (XLPE) segment accounted for a significant share in 2024, as XLPE cables have exceptional properties, including high electric and mechanical strength, aging and environmental stress resistance, and anti-chemical corrosion characteristics.
Submarine Power Cable System Market, by Voltage
The high-voltage segment held the largest share in 2024. The increased demand for interconnecting different countries and the rise in the requirement of integrating offshore renewable energy generation plants with other installations are driving the growth of the high-voltage segment.
Submarine Power Cable System Market, by End-use Application
The offshore wind power generation plants segment held the largest share in 2024, due to the rapid expansion of renewable energy projects and increasing government investments in clean energy. Submarine cables are essential for transmitting electricity from offshore wind farms to onshore grids, driving strong demand for high-voltage and reliable cable solutions.
Submarine Communication Cable Segment, By Component
The wet plant segment held the largest share in 2024 as it includes core undersea components like submerged cables, repeaters, and branching units that enable long-distance, high-capacity transmission. These elements are cost-intensive, technologically advanced, and essential for reliable global connectivity, making them the largest contributor to overall market share.
Submarine Communication Cable Segment, By Service Offering
The installation & commissioning segment holds a major share in 2024 because it involves complex seabed surveying, cable laying, and deployment of repeaters and branching units, which are highly capital-intensive. Additionally, the need for specialized vessels, skilled expertise, and regulatory compliance further drives its significant share in the market.
REGION
Europe to hold largest market share of global submarine power cable market during forecast period
Europe holds the largest market share of submarine power cable systems market, due to the increasing demand from the offshore wind sector and new grid interconnection projects. Furthermore, Europe hosts numerous offshore oil & gas projects, notably in the UK, Norway, the Netherlands, Italy, and Denmark. These projects, including Ekofisk (Norway), Montrose (UK), Forties (UK), and Statford (Norway), are actively engaged in exploration and production activities, attracting fresh investments in the offshore oil & gas sector and subsequently fueling demand for submarine power cables in the region.
Submarine Cable Systems Market: COMPANY EVALUATION MATRIX
In the submarine cable systems market matrix, Sumitomo Electric (Star) leads with a strong market presence and broad product footprint, driving large-scale adoption of high-performance submarine power and communication cables across global projects. NKT (Emerging Leader) is gaining traction with its focus on advanced insulation technologies, HVDC solutions, and sustainable manufacturing practices to support offshore wind and intercontinental connectivity. While Sumitomo Electric dominates with scale, innovation, and reliability, NKT shows strong growth potential to move toward the leaders’ quadrant through its expanding role in renewable energy integration and long-distance transmission solutions.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 18.16 Billion |
| Market Forecast in 2030 (Value) | USD 33.75 Billion |
| Growth Rate | CAGR of 11.1% from 2025 to 2030 |
| Years Considered | 2021–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Million/Billion) and Volume (Kilometer) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
|
| Regional Scope | North America, Europe, Asia Pacific, Middle East, Latin America, and Africa |
WHAT IS IN IT FOR YOU: Submarine Cable Systems Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Global Submarine Cable Manufacturer | • Detailed company benchmarking (financials, product portfolio, HVDC vs. HVAC offering) • Market share analysis by cable type (power vs. communication) • Partnership & consortium mapping | • Identify competitive strengths & product positioning • Highlight merger/partnership opportunities for expansion • Detect untapped regional demand pockets |
| Offshore Wind Developer | • Comprehensive mapping of submarine power cable suppliers • Cost benchmarking across XLPE & mass-impregnated cables • Analysis of installation & commissioning service providers | • Optimize sourcing for offshore wind projects • Reduce procurement risks by diversifying supplier base • Enable long-term cost savings in cable procurement |
| Telecom Operator | • Demand modeling of submarine communication cables by route • Forecast of bandwidth & data traffic growth by 5G/6G rollout • Competitive landscape of system integrators | • Plan network expansions with accurate demand forecasting • Support investment strategies in high-data routes • Strengthen partnerships with cable consortia |
| Regional Government/Regulator | • Regional demand outlook for subsea connectivity • Policy benchmarking (environmental & installation guidelines) • Impact assessment of new cable landing stations | • Facilitate public–private partnerships in cable deployment • Support in policy decision-making for subsea projects • Encourage foreign investment in connectivity infrastructure |
RECENT DEVELOPMENTS
- May 2025 : Space Norway and SubCom, LLC finalized a contract for the Arctic Way Cable System, which will connect mainland Norway with Jan Mayen and Svalbard. The system will enhance route diversity and support the region’s growing data transmission needs.
- March 2025 : Prysmian S.p.A signed a 7-year framework agreement with Dutch subsea service provider N-SEA for rapid maintenance and repair of submarine cables. This partnership enhances Prysmian’s monitoring and IMR capabilities, delivering a market-first solution that supports the European Commission’s call to protect critical energy and telecom infrastructure.
- March 2025 : Nexans signed a major framework agreement with RTE, France’s transmission system operator, to supply, install, and commission HVDC subsea and onshore cables. The project will connect the Center Manche 1 & 2 and Oléron offshore wind farms to the French power grid.
- March 2024 : Alcatel Submarine Networks signed a Letter of Intent with the Northern Endurance Partnership (NEP) to deploy a DC/FO submarine cable infrastructure for the NEP CO2 transport and storage project, a joint venture between bp, Equinor, and TotalEnergies. Connecting the Teesside onshore NEP infrastructure to the subsea injection site would provide power and communication for subsea control systems, with the flexibility for future expansion to accommodate increasing carbon dioxide (CO2) storage needs. Leveraging standard products to mitigate risks and reduce costs, this project marks a significant advancement in adopting DC/FO technology for offshore carbon capture, usage, and storage, contributing to the fight against global warming.
- September 2023 : SubCom, LLC expanded its manufacturing (more cables, faster production) and marine operations (new ships, deployment center) in the Philippines to meet the growing demand for undersea cables used in digital infrastructure. They have also increased their workforce by 20% to serve customers better.
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
27
2
RESEARCH METHODOLOGY
32
3
EXECUTIVE SUMMARY
44
4
PREMIUM INSIGHTS
49
5
MARKET OVERVIEW
Explore booming submarine cable market driven by 5G, OTT investments, and evolving HVDC technology.
52
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
RISING NEED FOR RELIABLE POWER TRANSMISSION AMID EXPANDING OFFSHORE WIND POWER CAPACITY
5.2.1.2
INCREASING BANDWIDTH USAGE DUE TO HIGH ACCESS TO AFFORDABLE INTERNET CONNECTIVITY
5.2.1.3
RAPID TRANSITION TOWARD 5G TECHNOLOGY AND CLOUD-BASED SERVICES
5.2.1.4
MOUNTING DEMAND FOR HIGH-SPEED INTERNET CONNECTIONS ACROSS TRANSPACIFIC REGION
5.2.1.5
RISING NEED FOR ELECTRICAL POWER SUPPLY IN ISLANDS
5.2.2
RESTRAINTS
5.2.2.1
SIGNIFICANT UPFRONT INVESTMENTS AND ASSOCIATED MAINTENANCE EXPENSES
5.2.2.2
REQUIREMENT FOR PERMITS FOR SUBMARINE CABLE INSTALLATIONS
5.2.3
OPPORTUNITIES
5.2.3.1
EVOLVING HVDC POWER TRANSMISSION TECHNOLOGY
5.2.3.2
INCREASING INVESTMENT IN SUBMARINE CABLE PROJECTS BY OVER-THE-TOP (OTT) PLAYERS
5.2.4
CHALLENGES
5.2.4.1
LACK OF COMMISSIONING, MAINTENANCE, AND REPAIR ACTIVITIES FOR VESSELS
5.2.4.2
GROWING RELIANCE ON SATELLITE INTERNET TECHNOLOGY
5.3
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4
PRICING ANALYSIS
5.4.1
PRICING RANGE OF SUBMARINE CABLE SYSTEMS, BY CABLE TYPE, 2024
5.4.2
AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLES, 2021–2024
5.4.3
PRICING RANGE OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS, BY CABLE TYPE, 2024
5.4.4
AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLES, BY REGION, 2021–2024
5.5
VALUE CHAIN ANALYSIS
5.6
ECOSYSTEM ANALYSIS
5.7
INVESTMENT AND FUNDING SCENARIO
5.8
TECHNOLOGY ANALYSIS
5.8.1
KEY TECHNOLOGIES
5.8.1.1
WAVELENGTH DIVISION MULTIPLEXING
5.8.1.2
P-LASER CABLE TECHNOLOGY
5.8.1.3
OPEN CABLES
5.8.2
COMPLEMENTARY TECHNOLOGIES
5.8.2.1
SUBSEA ROBOTICS
5.8.3
ADJACENT TECHNOLOGIES
5.8.3.1
REMOTE SENSING AND SATELLITE COMMUNICATION
5.9
PATENT ANALYSIS
5.10
TRADE ANALYSIS
5.10.1
IMPORT SCENARIO (HS CODE 8544)
5.10.2
EXPORT SCENARIO (HS CODE 8544)
5.11
KEY CONFERENCES AND EVENTS, 2025–2026
5.12
CASE STUDY
5.12.1
CAMBRIDGE MANAGEMENT CONSULTING, PELAGIAN, AND BAKER BOTTS PROVIDE RESILIENT, HIGH-CAPACITY FIBER CONNECTIVITY SOLUTIONS IN TURKS & CAICOS ISLANDS
5.12.2
TRATOS SUPPLIES SUBMARINE CABLE COMPONENTS TO ADDRESS SPECIFIC REQUIREMENTS OF ENI’S MEXICO AREA 1 DEVELOPMENT PROJECT
5.12.3
XTERA AND GCS PARTNER TO DEPLOY SUBMARINE CABLES TO ENHANCE CONNECTIVITY BETWEEN GALÁPAGOS ISLANDS AND ECUADOR
5.12.4
CORAL SEA CABLE SYSTEM (CS2) PROJECT ENABLES FASTER INTERNET CONNECTIVITY IN PAPUA NEW GUINEA AND SOLOMON ISLANDS
5.12.5
N-SEA BOOSTS PROJECT RESILIENCE USING SINAY’S METOCEAN ANALYTICS FOR WEATHER RISK MANAGEMENT
5.13
REGULATORY LANDSCAPE
5.13.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2
STANDARDS
5.14
PORTER'S FIVE FORCES ANALYSIS
5.14.1
INTENSITY OF COMPETITIVE RIVALRY
5.14.2
BARGAINING POWER OF SUPPLIERS
5.14.3
BARGAINING POWER OF BUYERS
5.14.4
THREAT OF SUBSTITUTES
5.14.5
THREAT OF NEW ENTRANTS
5.15
KEY STAKEHOLDERS AND BUYING PROCESS
5.15.1
KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2
BUYING CRITERIA
5.16
IMPACT OF AI/GEN AI ON SUBMARINE CABLE SYSTEMS MARKET
5.16.1
INTRODUCTION
5.16.2
IMPACT OF AI/GEN AI ON KEY END-USE APPLICATIONS
5.16.2.1
OFFSHORE WIND POWER GENERATION PLANTS
5.16.2.2
OFFSHORE OIL & GAS PLANTS
5.16.3
AI/GEN AI USE CASES
5.16.4
FUTURE OF AI/GEN AI IN SUBMARINE CABLE SYSTEMS ECOSYSTEM
5.17
IMPACT OF 2025 US TARIFF ON SUBMARINE CABLE SYSTEMS MARKET
5.17.1
INTRODUCTION
5.17.2
KEY TARIFF RATES
5.17.3
PRICE IMPACT ANALYSIS
5.17.4
IMPACT ON COUNTRIES/REGIONS
5.17.4.1
US
5.17.4.2
EUROPE
5.17.4.3
ASIA PACIFIC
5.17.5
IMPACT ON END-USE APPLICATIONS
6
SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 4 Data Tables
97
6.1
INTRODUCTION
6.2
COMMUNICATION CABLES
6.2.1
RISING ADOPTION OF CONNECTED DEVICES TO BOOST SEGMENTAL GROWTH
6.3
POWER CABLES
6.3.1
INCREASING OFFSHORE WIND FARM INSTALLATIONS TO ACCELERATE SEGMENTAL GROWTH
7
SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 4 Data Tables
102
7.1
INTRODUCTION
7.2
DRY PLANT PRODUCTS
7.2.1
GROWING DEMAND FOR ADVANCED TERRESTRIAL EQUIPMENT TO MANAGE DATA TRAFFIC AND ENSURE SEAMLESS CONNECTIVITY TO DRIVE MARKET
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
REPEATERS
7.3.1.1
OPTIMAL AMPLIFICATION AND RESISTANCE TO WATER PRESSURE TO FOSTER SEGMENTAL GROWTH
7.3.2
BRANCHING UNITS
7.3.2.1
ABILITY TO HANDLE CABLE BREAKS TO CONTRIBUTE TO SEGMENTAL GROWTH
7.3.3
CABLES
7.3.3.1
USE TO ADDRESS RISING GLOBAL CONNECTIVITY DEMAND TO ACCELERATE SEGMENTAL GROWTH
7.3.4
OTHER WET PLANT PRODUCTS
8
SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 8 Data Tables
108
8.1
INTRODUCTION
8.2
INSTALLATION & COMMISSIONING
8.2.1
RISING GLOBAL DEMAND FOR FAST AND RELIABLE CONNECTIVITY TO BOLSTER SEGMENTAL GROWTH
8.3
MAINTENANCE
8.3.1
INCREASING SUBMARINE CABLE DAMAGE FROM HUMAN ACTIVITIES TO AUGMENT SEGMENTAL GROWTH
8.4
SYSTEM UPGRADE
8.4.1
ADOPTION OF COHERENT TRANSMISSION TECHNOLOGY TO OFFER GROWTH OPPORTUNITIES
9
SUBMARINE POWER CABLES MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
115
9.1
INTRODUCTION
9.2
SINGLE CORE
9.2.1
EXPANDING USE IN OFFSHORE WIND FARMS AND REMOTE ISLANDS FOR POWER DISTRIBUTION TO FUEL SEGMENTAL GROWTH
9.3
MULTICORE
9.3.1
CAPABILITY OF LEAD SHEATHS TO PREVENT WATER INGRESS TO EXPEDITE SEGMENTAL GROWTH
10
SUBMARINE POWER CABLES MARKET, BY VOLTAGE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
120
10.1
INTRODUCTION
10.2
MEDIUM-VOLTAGE
10.2.1
RISING NEED FOR CONNECTIONS BETWEEN GENERATORS ON WIND FARMS AND OFFSHORE OIL & GAS PLATFORMS TO DRIVE MARKET
10.3
HIGH-VOLTAGE
10.3.1
INCREASING OFFSHORE RENEWABLE POWER GENERATION TO ACCELERATE SEGMENTAL GROWTH
11
SUBMARINE POWER CABLES MARKET, BY INSULATION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 10 Data Tables
125
11.1
INTRODUCTION
11.2
CROSS-LINKED POLYETHYLENE (XLPE)
11.2.1
CAPABILITY TO PROVIDE HIGH ELECTRICAL AND MECHANICAL STRENGTH TO BOOST SEGMENTAL GROWTH
11.3
OIL-IMPREGNATED PAPER (OIP)
11.3.1
INCREASING USE IN HIGH-VOLTAGE DC TRANSMISSION LINES TO CONTRIBUTE TO SEGMENTAL GROWTH
11.4
RESIN-IMPREGNATED PAPER (RIP)
11.4.1
CAPABILITY TO ENDURE HARSH ENVIRONMENTAL CONDITIONS TO AUGMENT SEGMENTAL GROWTH
11.5
RESIN-IMPREGNATED SYNTHETIC (RIS)
11.5.1
EXPLOSION-PROOF PROPERTIES TO ACCELERATE SEGMENTAL GROWTH
12
SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 8 Data Tables
132
12.1
INTRODUCTION
12.2
OFFSHORE WIND POWER GENERATION PLANTS
12.2.1
GROWING NEED FOR LONG-DISTANCE POWER TRANSMISSION TO FUEL SEGMENTAL GROWTH
12.3
INTERCOUNTRY & ISLAND CONNECTION
12.3.1
RISING DEMAND FOR CLEAN AND RENEWABLE ENERGY TO DRIVE MARKET
12.4
OFFSHORE OIL & GAS PLANTS
12.4.1
INCREASING USE OF SATELLITE WELLS IN SUBSEA FIELD DEVELOPMENT TO BOOST SEGMENTAL GROWTH
13
SUBMARINE POWER CABLES MARKET, BY REGION
Comprehensive coverage of 7 Regions with country-level deep-dive of 19 Countries | 70 Data Tables.
138
13.1
INTRODUCTION
13.2
NORTH AMERICA
13.2.1
US
13.2.1.1
RISING GOVERNMENT INITIATIVES TO PROMOTE OFFSHORE WIND ENERGY TO ACCELERATE MARKET GROWTH
13.2.2
CANADA
13.2.2.1
GROWING EMPHASIS ON BUILDING CLEAN ECONOMY THROUGH RENEWABLE ENERGY TECHNOLOGIES TO DRIVE MARKET
13.2.3
MEXICO
13.2.3.1
INCREASING OFFSHORE OIL ACTIVITIES TO CONTRIBUTE TO MARKET GROWTH
13.3
EUROPE
13.3.1
UK
13.3.1.1
GROWING EMPHASIS ON ACHIEVING NET-ZERO EMISSION TARGETS TO BOOST MARKET GROWTH
13.3.2
GERMANY
13.3.2.1
GOVERNMENT INITIATIVES TO SUPPORT RENEWABLE ENERGY ADOPTION TO FUEL MARKET GROWTH
13.3.3
DENMARK
13.3.3.1
INCREASING INVESTMENT IN OFFSHORE WIND SECTOR TO ACCELERATE MARKET GROWTH
13.3.4
NETHERLANDS
13.3.4.1
GROWING RELIANCE ON SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET
13.3.5
NORWAY
13.3.5.1
INCREASING PRODUCTION OF OFFSHORE OIL AND GAS TO BOLSTER MARKET GROWTH
13.3.6
FRANCE
13.3.6.1
GROWING CONSTRUCTION OF OFFSHORE WIND FARMS TO CONTRIBUTE TO MARKET GROWTH
13.3.7
REST OF EUROPE
13.4
ASIA PACIFIC
13.4.1
CHINA
13.4.1.1
STRONG FOCUS ON REDUCING RELIANCE ON FOSSIL FUELS TO AUGMENT MARKET GROWTH
13.4.2
JAPAN
13.4.2.1
INCREASING INSTALLATION OF OFFSHORE WIND CAPACITY TO FOSTER MARKET GROWTH
13.4.3
SOUTH KOREA
13.4.3.1
GOVERNMENT-DRIVEN INITIATIVES TO PROMOTE RENEWABLE ENERGY TO FUEL MARKET GROWTH
13.4.4
MALAYSIA
13.4.4.1
ESCALATING OFFSHORE OIL PRODUCTION TO CONTRIBUTE TO MARKET GROWTH
13.4.5
INDONESIA
13.4.5.1
RISING IMPLEMENTATION OF FAVORABLE LAWS TO PROMOTE CARBON CAPTURE TO ACCELERATE MARKET GROWTH
13.4.6
VIETNAM
13.4.6.1
STRONG COMMITMENT TO ACHIEVING NET-ZERO CARBON EMISSIONS USING RENEWABLE ENERGY TO EXPEDITE MARKET GROWTH
13.4.7
REST OF ASIA PACIFIC
13.5
MIDDLE EAST & AFRICA
13.5.1
UAE
13.5.1.1
INCREASING INVESTMENT TO ACCELERATE OIL AND GAS PRODUCTION TO DRIVE MARKET
13.5.2
SAUDI ARABIA
13.5.2.1
GROWING EMPHASIS ON OFFSHORE OIL AND GAS EXPLORATION ACTIVITIES TO BOOST MARKET GROWTH
13.5.3
ANGOLA
13.5.3.1
INCREASING FOCUS ON OFFSHORE CRUDE OIL AND NATURAL GAS PRODUCTION TO ACCELERATE MARKET GROWTH
13.5.4
REST OF MIDDLE EAST & AFRICA
13.6
SOUTH AMERICA
13.6.1
BRAZIL
13.6.1.1
EMERGENCE AS SIGNIFICANT HUB FOR WIND ENERGY TO CONTRIBUTE TO MARKET GROWTH
13.6.2
ARGENTINA
13.6.2.1
RISING IMPLEMENTATION OF LEGISLATION TO SUPPORT RENEWABLE ENERGY INITIATIVES TO FUEL MARKET GROWTH
13.6.3
REST OF SOUTH AMERICA
14
SUBMARINE COMMUNICATION CABLES MARKET, BY REGION
Comprehensive Coverage of Major Geographical Regions with Detailed Country-specific Data
177
14.1
INTRODUCTION
14.2
TRANSATLANTIC
14.2.1
MOUNTING DEMAND FOR LOW-LATENCY COMMUNICATION TO CREATE MARKET GROWTH OPPORTUNITIES
14.3
TRANSPACIFIC
14.3.1
RISING INITIATIVES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS TO DRIVE MARKET
14.4
INTRA-ASIA
14.4.1
GROWING FOCUS ON ENHANCING DIGITAL CONNECTIVITY TO FUEL MARKET GROWTH
14.5
AMERICAS
14.5.1
FLOURISHING MOBILE DATA INDUSTRY TO CONTRIBUTE TO MARKET GROWTH
14.6
EURASIA
14.6.1
GROWING ADOPTION OF MOBILE AND CLOUD SERVICES TO BOLSTER MARKET GROWTH
14.7
EMEA
14.7.1
INCREASING EXECUTION OF SUBMARINE COMMUNICATION CABLE PROJECTS TO FOSTER MARKET GROWTH
15
COMPETITIVE LANDSCAPE
Discover key players' strategies and market share dynamics shaping future competitive advantages.
186
15.1
OVERVIEW
15.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
15.3
REVENUE ANALYSIS, 2020–2024
15.4
MARKET SHARE ANALYSIS, 2024
15.5
COMPANY VALUATION AND FINANCIAL METRICS
15.6
PRODUCT COMPARISON
15.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
15.7.1
STARS
15.7.2
EMERGING LEADERS
15.7.3
PERVASIVE PLAYERS
15.7.4
PARTICIPANTS
15.7.5
COMPANY FOOTPRINT: KEY PLAYERS IN SUBMARINE POWER CABLES MARKET, 2024
15.7.5.1
COMPANY FOOTPRINT
15.7.5.2
REGION FOOTPRINT
15.7.5.3
TYPE FOOTPRINT
15.7.5.4
END-USE APPLICATION FOOTPRINT
15.7.6
COMPANY FOOTPRINT: KEY PLAYERS IN SUBMARINE COMMUNICATION CABLES MARKET, 2024
15.7.6.1
COMPANY FOOTPRINT
15.7.6.2
REGION FOOTPRINT
15.7.6.3
COMPONENT FOOTPRINT
15.7.6.4
SERVICE OFFERING FOOTPRINT
15.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
15.8.1
PROGRESSIVE COMPANIES
15.8.2
RESPONSIVE COMPANIES
15.8.3
DYNAMIC COMPANIES
15.8.4
STARTING BLOCKS
15.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
15.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
15.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
15.9
COMPETITIVE SCENARIO
15.9.1
PRODUCT LAUNCHES
15.9.2
DEALS
15.9.3
EXPANSIONS
15.9.4
OTHER DEVELOPMENTS
16
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
221
16.1
KEY PLAYERS
16.1.1
ALCATEL SUBMARINE NETWORKS
16.1.1.1
BUSINESS OVERVIEW
16.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
16.1.1.3
RECENT DEVELOPMENTS
16.1.1.4
MNM VIEW
16.1.2
PRYSMIAN S.P.A
16.1.3
SUBCOM, LLC
16.1.4
NEC CORPORATION
16.1.5
NEXANS
16.1.6
HENGTONG GROUP CO., LTD.
16.1.7
ZTT
16.1.8
NKT A/S
16.1.9
SUMITOMO ELECTRIC INDUSTRIES LTD.
16.1.10
LS CABLE & SYSTEM LTD.
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 HANHE CABLE CO., LTD.
16.2.5
FURUKAWA ELECTRIC CO., LTD.
16.2.6
HEXATRONIC GROUP
16.2.7
APAR INDUSTRIES LTD.
16.2.8
TFKABLE
16.2.9
AFL
16.2.10
HELLENIC CABLES
16.2.11
SHANGHAI QIFAN CABLE CO.,LTD.
16.2.12
SSGCABLE
16.2.13
OCC CORPORATION
16.2.14
FRIGATE ENGINEERING SERVICES PVT LTD
16.2.15
TRATOS
17
APPENDIX
282
17.1
INSIGHTS FROM INDUSTRY EXPERTS
17.2
DISCUSSION GUIDE
17.3
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4
CUSTOMIZATION OPTIONS
17.5
RELATED REPORTS
17.6
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
LIST OF KEY SECONDARY SOURCES
TABLE 2
LIST OF PRIMARY INTERVIEW PARTICIPANTS
TABLE 3
SUBMARINE CABLE SYSTEMS MARKET: RESEARCH ASSUMPTIONS
TABLE 4
SUBMARINE CABLE SYSTEMS MARKET: RISK ANALYSIS
TABLE 5
UPCOMING SUBMARINE POWER CABLE PROJECTS
TABLE 6
UPCOMING SUBMARINE COMMUNICATION CABLE PROJECTS
TABLE 7
PRICING RANGE OF SUBMARINE CABLE SYSTEMS, BY CABLE TYPE, 2024 (USD/KM)
TABLE 8
AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLES, 2021–2024 (USD/KM)
TABLE 9
PRICING RANGE OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS, BY CABLE TYPE, 2024 (USD/KM)
TABLE 10
AVERAGE SELLING PRICE TREND OF SUBMARINE POWER CABLES, BY REGION, 2021–2024 (USD/KM)
TABLE 11
ROLE OF COMPANIES IN SUBMARINE CABLE SYSTEMS ECOSYSTEM
TABLE 12
LIST OF MAJOR PATENTS, 2021–2024
TABLE 13
IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 14
EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 15
LIST OF KEY CONFERENCES AND EVENTS, 2025–2026
TABLE 16
NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17
EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18
ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19
ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20
STANDARDS
TABLE 21
IMPACT OF PORTER'S FIVE FORCES ANALYSIS
TABLE 22
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%)
TABLE 23
KEY BUYING CRITERIA, BY END-USE APPLICATION
TABLE 24
US-ADJUSTED RECIPROCAL TARIFF RATES
TABLE 25
KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR SUBMARINE CABLE SYSTEMS
TABLE 26
SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE, 2021–2024 (USD MILLION)
TABLE 27
SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE, 2025–2030 (USD MILLION)
TABLE 28
SUBMARINE CABLE SYSTEMS MARKET, 2021–2024 (KILOMETERS)
TABLE 29
SUBMARINE CABLE SYSTEMS MARKET, 2025–2030 (KILOMETERS)
TABLE 30
SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
TABLE 31
SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
TABLE 32
WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT TYPE, 2021–2024 (USD MILLION)
TABLE 33
WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT TYPE, 2025–2030 (USD MILLION)
TABLE 34
SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 35
SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 36
INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 37
INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 38
MAINTENANCE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 39
MAINTENANCE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 40
SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 41
SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 42
SUBMARINE POWER CABLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 43
SUBMARINE POWER CABLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
TABLE 44
SINGLE CORE: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 45
SINGLE CORE: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 46
MULTICORE: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 47
MULTICORE: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 48
SUBMARINE POWER CABLES MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)
TABLE 49
SUBMARINE POWER CABLES MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)
TABLE 50
MEDIUM-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 51
MEDIUM-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 52
HIGH-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 53
HIGH-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 54
SUBMARINE POWER CABLES MARKET, BY INSULATION, 2021–2024 (USD MILLION)
TABLE 55
SUBMARINE POWER CABLES MARKET, BY INSULATION, 2025–2030 (USD MILLION)
TABLE 56
CROSS-LINKED POLYETHYLENE (XLPE): SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 57
CROSS-LINKED POLYETHYLENE (XLPE): SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 58
OIL-IMPREGNATED PAPER (OIP): SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 59
OIL-IMPREGNATED PAPER (OIP): SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 60
RESIN-IMPREGNATED PAPER (RIP): SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 61
RESIN-IMPREGNATED PAPER (RIP): SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 62
RESIN-IMPREGNATED SYNTHETIC (RIS): SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 63
RESIN-IMPREGNATED SYNTHETIC (RIS): SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 64
SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 65
SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 66
OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 67
OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 68
INTERCOUNTRY & ISLAND CONNECTIONS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 69
INTERCOUNTRY & ISLAND CONNECTIONS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 70
OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 71
OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 72
SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 73
SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 74
NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 75
NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 76
NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 77
NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 78
US: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 79
US: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 80
CANADA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 81
CANADA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 82
MEXICO: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 83
MEXICO: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 84
EUROPE: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 85
EUROPE: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 86
EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 87
EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 88
UK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 89
UK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 90
GERMANY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 91
GERMANY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 92
DENMARK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 93
DENMARK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 94
NETHERLANDS: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 95
NETHERLANDS: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 96
NORWAY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 97
NORWAY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 98
FRANCE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 99
FRANCE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 100
REST OF EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 101
REST OF EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 102
ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 103
ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 104
ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 105
ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 106
CHINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 107
CHINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 108
JAPAN: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 109
JAPAN: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 110
SOUTH KOREA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 111
SOUTH KOREA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 112
MALAYSIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 113
MALAYSIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 114
INDONESIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 115
INDONESIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 116
VIETNAM: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 117
VIETNAM: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 118
REST OF ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 119
REST OF ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 120
MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 121
MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 122
MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 123
MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 124
UAE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 125
UAE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 126
SAUDI ARABIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 127
SAUDI ARABIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 128
ANGOLA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 129
ANGOLA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 130
REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 131
REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 132
SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 133
SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 134
SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 135
SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 136
BRAZIL: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 137
BRAZIL: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 138
ARGENTINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 139
ARGENTINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 140
REST OF SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
TABLE 141
REST OF SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
TABLE 142
SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 143
SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 144
TRANSATLANTIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 145
TRANSATLANTIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 146
TRANSPACIFIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 147
TRANSPACIFIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 148
INTRA-ASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 149
INTRA-ASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 150
AMERICAS: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 151
AMERICAS: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 152
EURASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 153
EURASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 154
EMEA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)
TABLE 155
EMEA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)
TABLE 156
SUBMARINE CABLE SYSTEMS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2021–JUNE 2025
TABLE 157
SUBMARINE COMMUNICATION CABLES MARKET: DEGREE OF COMPETITION, 2024
TABLE 158
SUBMARINE POWER CABLES MARKET: DEGREE OF COMPETITION, 2024
TABLE 159
SUBMARINE POWER CABLES MARKET: REGION FOOTPRINT
TABLE 160
SUBMARINE POWER CABLES MARKET: TYPE FOOTPRINT
TABLE 161
SUBMARINE POWER CABLES MARKET: END–USE APPLICATION FOOTPRINT
TABLE 162
SUBMARINE COMMUNICATION CABLES MARKET: REGION FOOTPRINT
TABLE 163
SUBMARINE COMMUNICATION CABLES MARKET: COMPONENT FOOTPRINT
TABLE 164
SUBMARINE COMMUNICATION CABLES MARKET: SERVICE OFFERING FOOTPRINT
TABLE 165
SUBMARINE CABLE SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 166
SUBMARINE CABLE SYSTEMS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 167
SUBMARINE CABLE SYSTEMS MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 168
SUBMARINE CABLE SYSTEMS MARKET: DEALS, JANUARY 2021–JUNE 2025
TABLE 169
SUBMARINE CABLE SYSTEMS MARKET: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 170
SUBMARINE CABLE SYSTEMS MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 171
ALCATEL SUBMARINE NETWORKS: COMPANY OVERVIEW
TABLE 172
ALCATEL SUBMARINE NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 173
ALCATEL SUBMARINE NETWORKS: DEALS
TABLE 174
ALCATEL SUBMARINE NETWORKS: EXPANSIONS
TABLE 175
ALCATEL SUBMARINE NETWORKS: OTHER DEVELOPMENTS
TABLE 176
PRYSMIAN S.P.A: COMPANY OVERVIEW
TABLE 177
PRYSMIAN S.P.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 178
PRYSMIAN S.P.A: DEALS
TABLE 179
PRYSMIAN S.P.A: EXPANSIONS
TABLE 180
PRYSMIAN S.P.A: OTHER DEVELOPMENTS
TABLE 181
SUBCOM, LLC: COMPANY OVERVIEW
TABLE 182
SUBCOM, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 183
SUBCOM, LLC: DEALS
TABLE 184
SUBCOM, LLC: EXPANSIONS
TABLE 185
SUBCOM, LLC: OTHER DEVELOPMENTS
TABLE 186
NEC CORPORATION: COMPANY OVERVIEW
TABLE 187
NEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 188
NEC CORPORATION: PRODUCT LAUNCHES
TABLE 189
NEC CORPORATION: OTHER DEVELOPMENTS
TABLE 190
NEXANS: COMPANY OVERVIEW
TABLE 191
NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 192
NEXANS: DEALS
TABLE 193
NEXANS: OTHER DEVELOPMENTS
TABLE 194
HENGTONG GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 195
HENGTONG GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 196
HENGTONG GROUP CO., LTD.: DEVELOPMENTS
TABLE 197
ZTT: COMPANY OVERVIEW
TABLE 198
ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 199
ZTT: DEVELOPMENTS
TABLE 200
NKT A/S: COMPANY OVERVIEW
TABLE 201
NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 202
NKT A/S: DEALS
TABLE 203
NKT A/S: OTHER DEVELOPMENTS
TABLE 204
SUMITOMO ELECTRIC INDUSTRIES LTD.: COMPANY OVERVIEW
TABLE 205
SUMITOMO ELECTRIC INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 206
SUMITOMO ELECTRIC INDUSTRIES LTD.: DEALS
TABLE 207
SUMITOMO ELECTRIC INDUSTRIES LTD.: EXPANSIONS
TABLE 208
SUMITOMO ELECTRIC INDUSTRIES LTD.: OTHER DEVELOPMENTS
TABLE 209
LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW
TABLE 210
LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 211
LS CABLE & SYSTEM LTD.: DEVELOPMENTS
LIST OF FIGURES
FIGURE 1
SUBMARINE CABLE SYSTEMS MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2
SUBMARINE CABLE SYSTEMS MARKET: RESEARCH DESIGN
FIGURE 3
SUBMARINE CABLE SYSTEMS MARKET: RESEARCH APPROACH
FIGURE 4
KEY DATA FROM SECONDARY SOURCES
FIGURE 5
KEY DATA FROM PRIMARY SOURCES
FIGURE 6
KEY INDUSTRY INSIGHTS
FIGURE 7
BREAKDOWN OF PRIMARIES
FIGURE 8
SUBMARINE CABLE SYSTEMS MARKET: BOTTOM-UP APPROACH
FIGURE 9
SUBMARINE CABLE SYSTEMS MARKET: TOP-DOWN APPROACH
FIGURE 10
SUBMARINE POWER CABLE SYSTEMS MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 11
SUBMARINE CABLE SYSTEMS MARKET: DATA TRIANGULATION
FIGURE 12
SUBMARINE CABLE SYSTEMS MARKET SIZE, IN TERMS OF VALUE, 2021–2030
FIGURE 13
POWER CABLES SEGMENT TO HOLD LARGER SHARE OF SUBMARINE CABLE SYSTEMS MARKET IN 2030
FIGURE 14
INSTALLATION & COMMISSIONING SEGMENT TO DOMINATE SUBMARINE COMMUNICATION CABLES MARKET BETWEEN 2025 AND 2030
FIGURE 15
OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO EXHIBIT HIGHEST CAGR IN SUBMARINE POWER CABLES MARKET FROM 2025 TO 2030
FIGURE 16
HIGH-VOLTAGE SEGMENT TO CAPTURE LARGER SHARE OF SUBMARINE POWER CABLES MARKET IN 2025
FIGURE 17
INTRA-ASIA TO RECORD HIGHEST CAGR IN SUBMARINE COMMUNICATION CABLES MARKET DURING FORECAST PERIOD
FIGURE 18
EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLES MARKET IN 2024
FIGURE 19
INCREASING INVESTMENTS IN OFFSHORE WIND POWER PROJECTS TO DRIVE SUBMARINE POWER CABLE MARKET
FIGURE 20
POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEMS MARKET BETWEEN 2025 AND 2030
FIGURE 21
WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SUBMARINE COMMUNICATION CABLES MARKET SHARE IN 2030
FIGURE 22
OIL-IMPREGNATED PAPER (OIP) SEGMENT TO DOMINATE SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD
FIGURE 23
OFFSHORE WIND POWER GENERATION PLANTS SEGMENT AND UK TO HOLD LARGEST SHARES OF EUROPEAN SUBMARINE POWER CABLES MARKET IN 2025
FIGURE 24
US TO RECORD HIGHEST CAGR IN GLOBAL SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD
FIGURE 25
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 26
IMPACT ANALYSIS: DRIVERS
FIGURE 27
IMPACT ANALYSIS: RESTRAINTS
FIGURE 28
IMPACT ANALYSIS: OPPORTUNITIES
FIGURE 29
IMPACT ANALYSIS: CHALLENGES
FIGURE 30
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 31
AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLES, 2021–2024
FIGURE 32
AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLES, BY REGION, 2021–2024
FIGURE 33
VALUE CHAIN ANALYSIS
FIGURE 34
SUBMARINE CABLE SYSTEMS ECOSYSTEM
FIGURE 35
INVESTMENT AND FUNDING SCENARIO, 2021–2024
FIGURE 36
PATENTS APPLIED AND GRANTED, 2015–2024
FIGURE 37
IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
FIGURE 38
EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
FIGURE 39
PORTER'S FIVE FORCES ANALYSIS
FIGURE 40
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION
FIGURE 41
KEY BUYING CRITERIA, BY END-USE APPLICATION
FIGURE 42
AI/GEN AI USE CASES IN SUBMARINE CABLE SYSTEMS MARKET
FIGURE 43
SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE
FIGURE 44
POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEMS MARKET FROM 2025 TO 2030
FIGURE 45
OFFSHORE WIND CAPACITY INSTALLATIONS, 2020–2023 (GW)
FIGURE 46
SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT
FIGURE 47
WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2025
FIGURE 48
SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING
FIGURE 49
INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2030
FIGURE 50
SUBMARINE POWER CABLES MARKET, BY TYPE
FIGURE 51
SINGLE CORE SEGMENT TO DOMINATE SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD
FIGURE 52
SUBMARINE POWER CABLES MARKET, BY VOLTAGE
FIGURE 53
HIGH-VOLTAGE SEGMENT TO REGISTER HIGHER CAGR IN SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD
FIGURE 54
SUBMARINE POWER CABLES MARKET, BY INSULATION
FIGURE 55
OIL-IMPREGNATED PAPER (OIP) SEGMENT TO CAPTURE LARGEST SHARE OF SUBMARINE POWER CABLES MARKET IN 2030
FIGURE 56
SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION
FIGURE 57
OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD
FIGURE 58
SUBMARINE POWER CABLES MARKET: REGIONAL SNAPSHOT
FIGURE 59
NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN SUBMARINE POWER CABLES MARKET FROM 2025 TO 2030
FIGURE 60
EUROPE TO CLAIM LARGEST MARKET SHARE OF SUBMARINE POWER CABLES MARKET IN 2025
FIGURE 61
NORTH AMERICA: SUBMARINE POWER CABLES MARKET SNAPSHOT
FIGURE 62
EUROPE: SUBMARINE POWER CABLES MARKET SNAPSHOT
FIGURE 63
ASIA PACIFIC: SUBMARINE POWER CABLES MARKET SNAPSHOT
FIGURE 64
SUBMARINE COMMUNICATION CABLES MARKET, BY REGION
FIGURE 65
TRANSATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2025
FIGURE 66
SUBMARINE CABLE SYSTEMS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2024
FIGURE 67
MARKET SHARE ANALYSIS OF COMPANIES OFFERING SUBMARINE COMMUNICATION CABLES, 2024
FIGURE 68
MARKET SHARE ANALYSIS OF COMPANIES OFFERING SUBMARINE POWER CABLES, 2024
FIGURE 69
COMPANY VALUATION
FIGURE 70
FINANCIAL METRICS (EV/EBITDA)
FIGURE 71
PRODUCT COMPARISON
FIGURE 72
SUBMARINE CABLE SYSTEMS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 73
SUBMARINE POWER CABLES MARKET: COMPANY FOOTPRINT
FIGURE 74
SUBMARINE COMMUNICATION CABLES MARKET: COMPANY FOOTPRINT
FIGURE 75
SUBMARINE CABLE SYSTEMS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 76
PRYSMIAN S.P.A: COMPANY SNAPSHOT
FIGURE 77
NEC CORPORATION: COMPANY SNAPSHOT
FIGURE 78
NEXANS: COMPANY SNAPSHOT
FIGURE 79
ZTT: COMPANY SNAPSHOT
FIGURE 80
NKT A/S: COMPANY SNAPSHOT
FIGURE 81
SUMITOMO ELECTRIC INDUSTRIES LTD.: COMPANY SNAPSHOT
FIGURE 82
LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT
Methodology
The study involved four major activities in estimating the current size of the submarine cable systems market. Exhaustive secondary research was conducted to gather information on the market, adjacent markets, and the overall submarine cable system landscape. These findings, assumptions, and projections were validated through primary research involving interviews with industry experts and key stakeholders across the value chain. Both top-down and bottom-up approaches were utilized to estimate the overall market size. Subsequently, market breakdown and data triangulation techniques were applied to determine the sizes of various segments and subsegments. Two key sources, secondary and primary, were leveraged to conduct a comprehensive technical and commercial assessment of the submarine cable systems market.
Secondary Research
The secondary research process referred to various secondary sources to identify and collect necessary information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research was conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data was collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the submarine cable systems market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
Note: Three tiers of companies have been defined based on their total revenue as of 2024: tier 3: revenue less than USD 500 million; tier 2: revenue between USD 500 million and USD 1 billion; and tier 1: revenue more than USD 1 billion. Other designations include sales managers, marketing managers, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the submarine cable systems market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology was used to estimate the market size:
- Major players in the industry and markets were identified through extensive secondary research
- The industry’s value chain and market size (in terms of value) were determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources
Submarine Cable Systems Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the submarine cable systems market using the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using top-down and bottom-up approaches.
Market Definition
Submarine cable systems are widely used for communication and power transmission. These cables are laid on the seabed to carry telecommunication signals from one land-based station to another across oceans. Submarine power cables are laid on ocean beds, straits, or rivers to transmit electricity at high voltages over long distances. They are primarily used to connect the mainland with large islands, power grids with oil & gas platforms, and to transmit electricity across countries or islands.
Key Stakeholders
- Telecommunication service providers
- Electricity providers
- Submarine cable system manufacturers
- Technology investors
- Research institutes and organizations
- Small and large technology centers
- Renewable energy solution providers
- Market research and consulting firms
Report Objectives
- To define, describe, and forecast the submarine cable systems market, in terms of cable type, component, service offering, type, end-use application, voltage, insulation, and region, in terms of value
- To forecast the market, by cable type, in terms of volume
- To describe and forecast the market with regard to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with their respective countries, in terms of value
- To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges, influencing the market growth
- To provide a detailed overview of the submarine cable systems value chain
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the submarine cable systems market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the submarine cable systems market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive strategies, such as product launches, expansions, and mergers & acquisitions, adopted by key players in the submarine cable systems market
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Shahmeer
Sep, 2022
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