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$20+ Billion Submarine Cable System Market - Global Forecast to 2023

Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Submarine Cable System Market by Application (Communication, Power), Component (Dry Plant, Wet Plant (Cables, Branching Units, Repeaters)), Offering (Installation & Commissioning, Maintenance, Upgrades), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The submarine cable system market is expected to grow from USD 11.74 billion in 2018 to USD 20.93 billion by 2023, at a CAGR of 12.25%.

The growth of the submarine cable system market is propelled by the increasing internet traffic in APAC and growing number of internet users. However, factors such as entry barriers for start-ups and small-to-medium enterprises (SME) are restraining the market growth. Redundant links and natural and human-triggered activities pose major challenges for the players in the submarine cable system market.

The market for power cables is estimated to grow at the highest rate during the forecast period. Increasing demand for electric energy on islands, along with disproportional costs of maintaining local electric energy production plants, has led to the significant production of submarine power cables to transfer electricity from the mainland to main grids. Thus, the need to connect new renewable sources to main grids and ensure the reliability of power supply to isolated islands will continue to boost the demand for high- and extra-high-voltage submarine power cables during the forecast period.

APAC is expected to be the fastest-growing market for submarine power cables. China is expected to be the largest market for submarine power cables in the APAC region because of the significant investments being made in the offshore wind sector. The submarine power cable market is also expected to grow at a good pace in countries such as India, Taiwan, and South Korea because of new capacity additions in the offshore wind industry that are planned during the forecast period. These factors are expected to boost the growth of the submarine power cable market in Asia Pacific.

Key Topics Covered:

1 Introduction
1.1 Objectives Of The Study
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Assumptions & Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities In Submarine Cable System Market
4.2 Submarine Cable System Market, By Application
4.3 Submarine Power Cable Market, By Geography
4.4 Submarine Communication Cable Market For Wet Plant Products, By Type
4.5 Submarine Communication Cable Market, By Component
4.6 Submarine Power Cable Market In Europe, 2018

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Internet Traffic In APAC
5.2.1.2 Increasing Telecom Subscriptions And Internet Connections Worldwide
5.2.1.3 Growing Demand For Inter-Country And Island Power Connections
5.2.1.4 Increasing Number Of Offshore Wind Farms
5.2.2 Restraints
5.2.2.1 Entry Barriers For Start-Ups And Smes
5.2.2.2 High Costs Of Installation And Complexity Involved In Repairing Deep Water Power Cable Links
5.2.3 Opportunities
5.2.3.1 Increasing Demand For High-Voltage Direct Current (HVDC) Submarine Power Cables
5.2.4 Challenges
5.2.4.1 Redundant Links And Natural And Human-Triggered Activities Leading To Disruptions
5.2.4.2 Regulatory, Environmental, And Complex Authorization Procedures Leading To Delays

6 Submarine Cable System Market, By Application
6.1 Introduction
6.2 Communication Cables
6.3 Power Cables

7 Submarine Communication Cable Market, By Component
7.1 Introduction
7.2 Dry Plant Products
7.2.1 Submarine Line Terminal Equipment (SLTE)
7.2.2 Submarine Line Monitor (SLM)
7.2.3 Power Feeding Equipment (PFE)
7.3 Wet Plant Products
7.3.1 Repeater
7.3.2 Branching Unit (BU)
7.3.3 Cables
7.3.4 Others

8 Submarine Communication Cable Market, By Offering
8.1 Introduction
8.2 Installation And Commissioning
8.3 Maintenance
8.4 Upgrades

9 Submarine Power Cable Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 Denmark
9.2.4 Norway
9.2.5 Netherlands
9.2.6 Rest Of Europe
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 South Korea
9.3.4 Malaysia
9.3.5 Indonesia
9.3.6 Rest Of APAC
9.4 North America
9.4.1 Us
9.4.2 Canada
9.4.3 Mexico
9.5 Middle East & Africa
9.5.1 Uae
9.5.2 Saudi Arabia
9.5.3 Angola
9.5.4 Rest Of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest Of South America

10 Submarine Communication Cable Market, By Region
10.1 Introduction
10.2 Trans-Atlantic
10.3 Trans-Pacific
10.4 Americas
10.5 Europe-Asia
10.6 Emea

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis Of Key Players In The Submarine Communication Cable Market
11.3 Ranking Analysis Of Key Players In The Submarine Power Cable Market
11.4 Competitive Scenario
11.4.1 Contracts & Agreements
11.4.2 Mergers & Acquisitions
11.4.3 Product Launches

12 Company Profiles
12.1 Key Players
12.1.1 Alcatel-Lucent
12.1.2 TE Connectivity
12.1.3 NEC
12.1.4 Huawei Marine
12.1.5 Saudi Ericsson
12.1.6 Prysmian
12.1.7 Nexans
12.1.8 ZTT
12.1.9 Hengtong
12.1.10 Norddeutsche Seekabelwerke GmbH
12.1.11 NKT
12.1.12 Sumitomo Electric
12.2 Other Key Players
12.2.1 Corning Inc.
12.2.2 Cablel Group
12.2.3 Hesfibel
12.2.4 JDR Cable Systems Ltd.
12.2.5 Okonite
12.3 Key Innovators
12.3.1 Apar Industries Ltd.
12.3.2 AFL
12.3.3 Tele-Fonika Kable
12.3.4 Hexatronic
12.3.5 Leoni Special Cables GmbH

For more information about this report visit https://www.researchandmarkets.com/research/wr8w4z/20_billion?w=12

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                    Related Topics: Wire and Cables, Telecommunications Equipment 
                    

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