Subsea Cable Equipment Market

Subsea Cable Equipment Market was valued at USD 13,125 Million in 2020 and projected to grow at 12.3% CAGR during the forecast period.

Introduction of the Subsea Cable Equipment Market Report

A subsea cable is a fiber optic cable laid in the ocean to connect two or more landing points. Subsea cables are used for power generation from offshore wind farms to power stations, power transmission to oil rigs, and connect inter-country and island. Subsea cables are made of copper or aluminium, which transmit power at specific voltages and currents dependent on the requirement.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global subsea cable equipment market is the rising demand for strong network capabilities and increasing internet and data traffic. The growing power generation from offshore plants, leveraging renewable energy and connected devices have propelled the market share for subsea cable equipment market. Moreover, the adoption of subsea cable equipment across various industries for various applications. Manufacturers are engaged with producing the advance subsea cables equipment’s which helps to bury the cable under the seabed, further propelling the market growth.

In addition, advancement in technology and rising investment in R&D activities have played a crucial role in the overall market growth. According to Information Technology and Innovation Foundation (ITIF), Google has partial ownership of 8.5 percent of submarine cables. Amazon and Facebook have built a project, ‘Jupiter,’ from Asia. This level of investment has significantly pressured down the price and continues to increase the demand for the Subsea Cable Equipment market.

Restraint in the Subsea Cable Equipment Market

However, the problem of subsea cables is that it requires repairs each year which happens due to less frequently compared to the terrestrial network. Shipping and fishing activities may hamper the global subsea cable equipment market.

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Type – Segment Analysis

Based on the type, trenchers are expected to grow at the fastest rate in the global subsea cable equipment market over the forecast period. Trenchers are used in deep-sea soft soil regions due to their excellent versatility and operability. Trenchers provide comprehensive features that include a wide operating weather range, work for a more extended period, and work efficiently. For instance, Delta Subsea develops shallow water trenchers to bury the submarine cables in shallow water and beach operations. It can operate in either wheel cutting or jetting mode with advanced technology to provide efficient burial depth in multiple soils.

Application – Segment Analysis

Based on the application, the offshore wind power generation segment is projected to capture the largest market share during the forecast period. More than the land, wind power generation offshore is gaining traction as wind blows strongly and stably throughout the year. For instance, in 2019, Hydro group has launched floating wind turbine with the capability of generating 2.2GWh of electricity and face wave heights up to 6.2m.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to capture a significant market share in the global subsea cable equipment market due to the increase in bandwidth demand to handle massive internet traffic changes and internet connection in the region will drive the market for subsea cable equipment. According to ITIF, in over 2019-2021, more than 50 submarines projects have been proposed. About 30% will be deployed in the pacific region to increase capacity and reduce latency between Asia, Australia, and the US.

Top Market Players

Various notable players operating in the market include Gray Diving Services Ltd., Hong Kong Marine Contractors Limited, kt submarine corp., Metco Marine, NTT World Engineering Corporation, Oceaneering International Inc., S.B. Submarine Systems Co., Ltd., Soil Machine Dynamics, Osbit Ltd., Royal IHC, and among others.

Key Developments:

• • In 2021, TPG telecom is upgrading its subsea cable between Australia and Guam PPC-1, with Infinera ICE6 800G. It will boost the data capacity along with the internet backbone link by 50%, from 8Tbps to 12Tbps.
  • In 2021, Google and Facebook partnered to build a 12,000 km-long subsea cable to expand connectivity in the Asia Pacific region. The cable system will have capacity of more than 190 terabits per second to meet rising data demands in the region.

Segments covered in the Report:

The global subsea cable equipment market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into Trenchers, Ploughs, and Others. Based on application, the market is segmented into Offshore Wind Power Generation, Inter-Country and Island Connection, Offshore Oil Rigs.

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Key questions answered in this research report:

• • At what pace is global Subsea Cable Equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Subsea Cable Equipment market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Subsea Cable Equipment market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What is the various application area of global Subsea Cable Equipment market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Subsea Cable Equipment Market by Type

• • Trenchers
  • Ploughs
  • Others

Global Subsea Cable Equipment Market by Application

• • Offshore Wind Power Generation
  • Inter-Country and Island Connection
  • Offshore Oil Rigs

Global Subsea Cable Equipment Market by Region

• • North America Subsea Cable Equipment Market (Option 1: As a part of the free 25% customization)
    • North America Subsea Cable Equipment Market by Type
    • North America Subsea Cable Equipment Market by Application
    • US Subsea Cable Equipment Market All-Up
    • Canada Subsea Cable Equipment Market All-Up
  • Europe Subsea Cable Equipment Market (Option 2: As a part of the free 25% customization)
    • Europe Subsea Cable Equipment Market by Type
    • Europe Subsea Cable Equipment Market by Application
    • UK Subsea Cable Equipment Market All-Up
    • Germany Subsea Cable Equipment Market All-Up
    • France Subsea Cable Equipment Market All-Up
    • Spain Subsea Cable Equipment Market All-Up
    • Rest of Europe Subsea Cable Equipment Market All-Up
  • Asia-Pacific Subsea Cable Equipment Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Subsea Cable Equipment Market by Type
    • Asia-Pacific Subsea Cable Equipment Market by Application
    • China Subsea Cable Equipment Market All-Up
    • India Subsea Cable Equipment Market All-Up
    • Japan Subsea Cable Equipment Market All-Up
    • Rest of APAC Subsea Cable Equipment Market All-Up
  • RoW Subsea Cable Equipment Market (Option 4: As a part of the free 25% customization)
    • RoW Subsea Cable Equipment Market by Type
    • RoW Subsea Cable Equipment Market by Application
    • Brazil Subsea Cable Equipment Market All-Up
    • South Africa Subsea Cable Equipment Market All-Up
    • Saudi Arabia Subsea Cable Equipment Market All-Up
    • UAE Subsea Cable Equipment Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Subsea Cable Equipment Market All-Up

Major Players Operating in the Subsea Cable Equipment (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Gray Diving Services Ltd.
  • Hong Kong Marine Contractors Limited
  • kt submarine corp.
  • Metco Marine
  • NTT World Engineering Corporation
  • Oceaneering International Inc.
  • B. Submarine Systems Co., Ltd.
  • Soil Machine Dynamics
  • Osbit Ltd.
  • Royal IHC