Underwater Connectors Market Outlook:
Underwater Connectors Market size was over USD 1.68 billion in 2025 and is projected to reach USD 3.15 billion by 2035, growing at around 6.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of underwater connectors is evaluated at USD 1.78 billion.
The market's growth can be ascribed to the growing demand for oil and gas worldwide. For instance, data published by the International Energy Agency in June 2024, oil demand in advanced countries is projected to reach 43 million barrels per day by 2030. The underwater connector is usually used in gas and oil exploration to ensure power supply in deep sea ambiance.
Moreover, underwater connectors are in high demand as a result of the expansion of offshore renewable energy projects such as offshore wind farms. Department of Energy in the U.S. stated that the federal government endeavors to develop 30 gigawatts of new offshore wind energy by 2030. Underwater connector cables are utilized to connect wind farms and enable them to optimize power transmission. These connectors are necessary for transporting power from the turbines to the coast via the undersea cables.
