Submarine Cable Systems Market

Alcatel-Lucent Enterprise (France) and Prysmian Group (Italy) are Leading Players in the Submarine Cable Systems Market

Submarine cable systems include submarine communication and power cables. Submarine power cables are medium- and high-voltage electric cables laid on the seabed for power transmission. These cables are usually insulated with cross-linked polyethylene (XLPE), low-pressure oil-filled impregnated papers, or resin-impregnated papers. These cables are used to connect offshore renewable energy devices, such as windmills, and to provide power to offshore oil & gas production facilities. Submarine communication or fiber-optic cables are laid on the seabed and are used to connect various regions and continents for communication purposes. These cables are used by telecom providers and private companies, such as Google, Facebook, and Microsoft, to provide services globally. The increasing volume of online content and the growing demand for higher internet speeds have led to a high demand for submarine communication cables. Around 97% of the world’s communication is dependent on subsea fiber-optic cables; only 3% is carried through satellites. The number of strands in a cable is dependent on the length –it could be 4 to 8 for a Transatlantic cable and 200 for a cable across Europe.

The submarine cable systems market is projected to grow from USD 13.8 billion in 2021 to USD 22.7 billion by 2026; it is expected to grow at a CAGR of 10.5%from 2021 to 2026. Companies such as Google, Facebook, Microsoft, and Amazon are the major investors involved in the development and laying of submarine communication cables.

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Alcatel-Lucent Enterprise (France), SubCom LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy) are the key players in the submarine cable system market.

Alcatel-Lucent Enterprise (France):

Alcatel-Lucent held the leading position in the submarine communication cable system market in 2020. ASN, a wholly owned subsidiary of Nokia, leads the submarine cable industry with an installed base of over 650,000 km of optical submarine systems deployed globally to date. The company is a leading provider of telecommunication tools—consisting of telephone exchanges and transmission equipment, including card phones and electronic payment systems, carrier networking solutions, and mobile communications. The company was founded in 2006 and headquartered in France was acquired by Nokia (France) in 2015. ASN, a subsidiary of Alcatel-Lucent, leads the industry in terms of transmission capacity and installed base. It has an extensive service portfolio comprising project management and installation and commissioning services. ASN also carries out marine and maintenance operations through its fleet of cable ships.

Prysmian Group (Italy):

Prysmian ranked first in the submarine power cable market in 2020. The company provides submarine fiber cable systems and submarine power cables. Prysmian Group has laid submarine cables in many key areas, including the Viking Link, the Hudson Transmission project, and the German corridor. The company aims to become a key enabler of clean energy suppliers by offering efficient and sustainable submarine high-voltage cables that can facilitate the transmission and distribution of energy between different power grids. The group follows an integrated business model, which enables it to win cost-effective contracts, easily adapt to market demands and deliver better consumer satisfaction. The strong sales performance and improved profitability of Prysmian have helped it further strengthen its financial structure. The company also added the capabilities and services of Norddeutsche Seekabelwerke GmbH (NSW), a leading manufacturer of communication, submarine, overhead, power, and offshore cables, to its portfolio in 2018. Prysmian offers fiber-optic submarine cables, accessories, and associated services to investors and world-leading network operators, who are increasingly opting for the point-to-point or turnkey approach, through NSW.

Related Reports:

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 Geography - Global Forecast to 2026

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Submarine Cable Systems Market Size,  Share & Growth Report
Report Code
SE 6646
RI Published ON
1/18/2022
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