Submarine Cable System Market Analysis

  • Report ID: 3523
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Submarine Cable System Market Analysis

The market is segmented by application into communication, power supply, and others, out of which, the power supply segment is anticipated to hold the largest share in the global market over the forecast period on account of the need for electricity for sustenance of any civilization in the modern times. The increasing habitation in the island areas, along with development of tourist attractions in such places, is estimated to generate the demand for power supply, which is estimated to boost the market growth.

Our in-depth analysis of the global market includes the following segments

          By Voltage

  • High Voltage
  • Medium Voltage
  • Others

        By Application

  • Communication
  • Power Supply
  • Others

         By End User

 

  • Offshore Wind Farms
  • Offshore Oil Fields
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3523
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of submarine cables is evaluated at USD 30.41 billion.

Submarine Cables Market size was over USD 29.06 billion in 2023 and is poised to cross USD 60.48 billion by 2036, growing at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. The growing adoption of offshore oil fields, and wind energy generating farms will boost the market growth.

Europe industry is poised to dominate majority revenue share by 2036, impelled by growing requirement of establishing connectivity across the region.

The major players in the market are Prysmian S.p.A., SubCom, LLC, The Okonite Company, Nexans S.A., Hellenic Cables S.A., JDR Cable Systems, Hesfibel, Hengtong Group Co., Ltd., Corning Incorporated, and others.
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