06-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Submarine Cable System Market By Type (Single Core and Multicore), By Component (Dry Plant Products and Wet Plant Products), By Voltage (High Voltage and Medium Voltage), By Offering (Installation & Commissioning, Upgrades, Maintenance, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global submarine cable system market exceeded USD 11.5 Billion in 2019. The market is expected to grow at a CAGR of around 11% and is anticipated to surpass USD 24.5 Billion by 2026.
To establish an integrated network for effective communication and electrical transmission across the globe, an extensively long stretch of cables has to be laid beneath the sea surface. These waterproof cable systems, also known as submarine cable systems, are submerged & settled in the water using a special ship. The intense number of technological developments & innovations occurring across the globe are fueling the global submarine cable system market. In addition, the emerging 5G technology is anticipated to remarkably escalate the submarine cable system market and will proliferate the deployment pace of the cable systems across the globe. Submarine cable systems offer a wide range of applications for maritime transportation & GPS technology-based industries.
Browse the full “Submarine Cable System Market By Type (Single Core and Multicore), By Component (Dry Plant Products and Wet Plant Products), By Voltage (High Voltage and Medium Voltage), By Offering (Installation & Commissioning, Upgrades, Maintenance, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-submarine-cable-system-market-by-type-single-673
The “installation and commissioning” category under offering segment to hold maximum share submarine cable system market during 2020–2026
Owing to the phenomenal emergence of 5G technology and heavy Internet traffic due to the extensive data usage in the Asia Pacific region, there is a huge need for increasing the bandwidth of network signals. Therefore, the installation pace of submarine cable networks is likely to spur across the region, which in turn, will propel the submarine cable system market. Alongside this, the industry in the Middle East & Africa witnesses a substantial growth in the coming years owing to the expanding cloud market across the region.
The “high voltage power cable systems” segment to attain the dominating position in the global submarine power cable market during the study timeframe
The upcoming technological advancements, the rising demand & transmission of renewable energy generated at offshore plants, and the surging need for interconnectivity are fueling the demand for high voltage cable systems, thereby flourishing the particular segment of the market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 11.5 Billion |
Projected Market Size in 2026 |
USD 24.5 Billion |
CAGR Growth Rate |
11% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Saudi Ericsson, Hesfibel, SubCom, JDR Cable, TF Kable, Prysmian, ZTT, Google, NEC, NKT, Hexatronic Cables & Interconnect Systems, Nexans, Hengtong, Okonite, Alcatel-Lucent, Cablel Group, and Others |
Key Segment |
By Type, Component, Voltage, Offering, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players driving the global submarine cable system market are Saudi Ericsson, Hesfibel, SubCom, JDR Cable, TF Kable, Prysmian, ZTT, Google, NEC, NKT, Hexatronic Cables & Interconnect Systems, Nexans, Hengtong, Okonite, Alcatel-Lucent, and Cablel Group, among others.
This report segments the global submarine cable system market as follows:
Global Submarine Cable System Market: Type Segmentation Analysis
Global Submarine Cable System Market: Component Segmentation Analysis
- Dry Plant Products
- Wet Plant Products
Global Submarine Cable System Market: Voltage Segmentation Analysis
- High Voltage
- Medium Voltage
Global Submarine Cable System Market: Offering Segmentation Analysis
- Installation & Commissioning
- Upgrades
- Maintenance
- Others
Global Submarine Cable System Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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