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Market Research Report

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

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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
Published: October 2, 2018 Content info: 147 Pages
Description

"Submarine cable system market to grow at CAGR of 12.25% from 2018 to 2023"

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.

"Market for submarine power cables expected to grow at highest CAGR from 2018 to 2023"

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-fastest-growing market for submarine power cables"

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 APAC 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.

Breakdown of the profiles of primary participants:

  • By Company: Tier 1 = 45%, Tier 2 = 35%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 50%, Managers = 30%, and Others = 20%
  • By Region: North America = 43%, Europe = 29%, APAC = 21%, and RoW = 7%

The major players profiled in this report are as follows:

  • Alcatel-Lucent (Finland)
  • TE connectivity (Switzerland)
  • NEC (Japan)
  • Huawei Marine (China)
  • Saudi Ericsson (Saudi Arabia)
  • Prysmian (Italy)
  • Nexans (France)
  • Jiangsu Zhongtian Technology Co., Ltd. (ZTT) (China)
  • Jiangsu Hengtong Optic-Electric Stock Co., Ltd. (Hengtong) (China)
  • Norddeutsche Seekabelwerke GmbH Electronic (NSW) (Germany)
  • NKT (Germany)
  • Sumitomo Electric (Japan).

Research Coverage:

In this report, the submarine cable system market has been segmented by application, component, offering, and geography. The market has been segmented on the basis of application into communication, and power. The submarine cable system market, by type, has been segmented into dry plant products and wet plant products. Based on offerings, the market has been segmented into installation and commissioning, maintenance, and upgrades. The study also forecasts the size of the market in 4 main regions-North America, Europe, APAC, and RoW.

Reasons to Buy the Report:

The report would help the market leaders/new entrants in this market in the following ways:

  • 1. This report segments the submarine cable system market comprehensively and provides the closest approximation of the overall market size and those of the subsegments across different contact applications, components, offerings, and regions.
  • 2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for the growth of the market.
  • 3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, and product launches, partnerships, and mergers and acquisitions carried out by the major players in the market.
Table of Contents
Product Code: SE 6646

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. OBJECTIVES OF THE STUDY
  • 1.2. DEFINITION
  • 1.3. STUDY SCOPE
    • 1.3.1. MARKETS COVERED
    • 1.3.2. YEARS CONSIDERED FOR THIS STUDY
  • 1.4. CURRENCY
  • 1.5. ASSUMPTIONS & LIMITATIONS
  • 1.6. STAKEHOLDERS

2. RESEARCH METHODOLOGY

  • 2.1. RESEARCH DATA
    • 2.1.1. SECONDARY DATA
      • 2.1.1.1. Key data from secondary sources
    • 2.1.2. PRIMARY DATA
      • 2.1.2.1. Breakdown of primaries
      • 2.1.2.2. Key data from primary sources
    • 2.1.3. SECONDARY AND PRIMARY RESEARCH
      • 2.1.3.1. Key industry insights
  • 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 (Business Overview, Product/ Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*

  • 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

*Details on Business Overview, Product/ Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

13. APPENDIX

  • 13.1. INSIGHTS OF INDUSTRY EXPERTS
  • 13.2. DISCUSSION GUIDE
  • 13.3. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4. AVAILABLE CUSTOMIZATIONS
  • 13.5. RELATED REPORTS
  • 13.6. AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: SUBMARINE CABLE PROJECTS IN EUROPE, 2018-2040
  • TABLE 2: SUBMARINE CABLE SYSTEM MARKET, BY APPLICATION, 2016-2023 (USD BILLION)
  • TABLE 3: SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2016-2023 (USD MILLION)
  • TABLE 4: SUBMARINE COMMUNICATION CABLE MARKET FOR WET PLANT PRODUCTS, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 5: SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 6: SUBMARINE COMMUNICATION CABLE MARKET FOR INSTALLATION AND COMMISSIONING, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 7: SUBMARINE COMMUNICATION CABLE MARKET FOR MAINTENANCE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 8: SUBMARINE COMMUNICATION CABLE MARKET FOR UPGRADES, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 9: SUBMARINE POWER CABLE MARKET, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 10: OFFSHORE WIND SITES WITH GRID-CONNECTED TURBINES, 2017
  • TABLE 11: SUBMARINE POWER CABLE MARKET IN EUROPE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 12: INVESTMENTS IN EUROPEAN OFFSHORE WIND FARMS IN 2017
  • TABLE 13: SUBMARINE POWER CABLE MARKET IN UK, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 14: SUBMARINE POWER CABLE MARKET IN GERMANY, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 15: SUBMARINE POWER CABLE MARKET IN DENMARK, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 16: SUBMARINE POWER CABLE MARKET IN NORWAY, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 17: SUBMARINE POWER CABLE MARKET IN NETHERLANDS, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 18: SUBMARINE POWER CABLE MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 19: SUBMARINE POWER CABLE MARKET IN APAC, BY COUNTRY, 2016-2023 (USD MILLION
  • TABLE 20: SUBMARINE POWER CABLE MARKET IN CHINA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 21: SUBMARINE POWER CABLE MARKET IN JAPAN, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 22: SUBMARINE POWER CABLE MARKET IN SOUTH KOREA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 23: SUBMARINE POWER CABLE MARKET IN MALAYSIA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 24: SUBMARINE POWER CABLE MARKET IN INDONESIA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 25: SUBMARINE POWER CABLE MARKET IN REST OF APAC, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 26: SUBMARINE POWER CABLE MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 27: SUBMARINE POWER CABLE MARKET IN US, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 28: SUBMARINE POWER CABLE MARKET IN CANADA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 29: SUBMARINE POWER CABLE MARKET IN MEXICO, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 30: SUBMARINE POWER CABLE MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 31: SUBMARINE POWER CABLE MARKET IN UAE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 32: SUBMARINE POWER CABLE MARKET IN SAUDI ARABIA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 33: SUBMARINE POWER CABLE MARKET IN ANGOLA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 34: SUBMARINE POWER CABLE MARKET IN REST OF MIDDLE EAST &AFRICA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 35: SUBMARINE POWER CABLE MARKET IN SOUTH AMERICA, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 36: SUBMARINE POWER CABLE MARKET IN BRAZIL, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 37: SUBMARINE POWER CABLE MARKET IN ARGENTINA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 38: SUBMARINE POWER CABLE MARKET IN REST OF SOUTH AMERICA, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 39: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 40: SUBMARINE COMMUNICATION CABLE MARKET IN TRANS-ATLANTIC REGION, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 41: SUBMARINE COMMUNICATION CABLE MARKET IN TRANS-PACIFIC REGION, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 42: SUBMARINE COMMUNICATION CABLE MARKET IN AMERICAS, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 43: SUBMARINE COMMUNICATION CABLE MARKET IN EUROPE-ASIA, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 44: SUBMARINE COMMUNICATION CABLE MARKET IN EMEA, BY OFFERING, 2016-2023 (USD MILLION)
  • TABLE 45: SUBMARINE COMMUNICATION CABLE MARKET: RANKING ANALYSIS OF KEY COMPANIES
  • TABLE 46: KEY CONTRACTS RECEIVED BY ALCATEL-LUCENT
  • TABLE 47: KEY CONTRACTS RECEIVED BY TE SUBCOM
  • TABLE 48: KEY CONTRACTS RECEIVED BY NEC
  • TABLE 49: RANKING ANALYSIS OF KEY COMPANIES

LIST OF FIGURES

  • FIGURE 1: SUBMARINE CABLE SYSTEM MARKET
  • FIGURE 2: SUBMARINE CABLE SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
  • FIGURE 3: SUBMARINE CABLE SYSTEM MARKET: RESEARCH DESIGN
  • FIGURE 4: BOTTOM-UP APPROACH
  • FIGURE 5: TOP-DOWN APPROACH
  • FIGURE 6: DATA TRIANGULATION
  • FIGURE 7: EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2017
  • FIGURE 8: TRANS-ATLANTIC REGION TO HOLD LARGEST SIZE OF SUBMARINE COMMUNICATION CABLE MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 9: SUBMARINE COMMUNICATION CABLE MARKET FOR DRY PLANT PRODUCTS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 10: INSTALLATION AND COMMISSIONING TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET IN 2018
  • FIGURE 11: ATTRACTIVE OPPORTUNITIES IN THE APAC REGION FOR THE SUBMARINE CABLE SYSTEMS
  • FIGURE 12: POWER CABLES TO LEAD SUBMARINE CABLE SYSTEM MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 13: SUBMARINE POWER CABLE MARKET IN EUROPE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 14: CABLES TO HOLD LARGEST SIZE OF SUBMARINE COMMUNICATION CABLE MARKET FOR WET PLANT PRODUCTS THROUGHOUT FORECAST PERIOD
  • FIGURE 15: SUBMARINE COMMUNICATION CABLE MARKET FOR DRY PLANT PRODUCTS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 16: UK TO ACCOUNT FOR LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN EUROPE IN 2018
  • FIGURE 17: MARKET DYNAMICS: OVERVIEW
  • FIGURE 18: GLOBAL ANNUAL CUMULATIVE OFFSHORE WIND CAPACITY, 2011-2017
  • FIGURE 19: ANNUAL CUMULATIVE OFFSHORE WIND CAPACITY, BY COUNTRY, 2016 & 2017
  • FIGURE 20: SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING
  • FIGURE 21: SUBMARINE COMMUNICATION CABLE MARKET FOR INSTALLATION AND COMMISSIONING IN TRANS-PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 22: SUBMARINE POWER CABLE MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 23: EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2017
  • FIGURE 24: SNAPSHOT OF THE SUBMARINE POWER CABLE MARKET IN EUROPE
  • FIGURE 25: SNAPSHOT OF THE SUBMARINE POWER CABLE MARKET IN APAC
  • FIGURE 26: TRANS-ATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET IN 2018
  • FIGURE 27: ALCATEL-LUCENT (NOKIA): COMPANY SNAPSHOT
  • FIGURE 28: TE CONNECTIVITY: COMPANY SNAPSHOT
  • FIGURE 29: NEC: COMPANY SNAPSHOT
  • FIGURE 30: HUAWEI MARINE: COMPANY SNAPSHOT
  • FIGURE 31: PRYSMIAN: COMPANY SNAPSHOT
  • FIGURE 32: NEXANS: COMPANY SNAPSHOT
  • FIGURE 33: ZTT: COMPANY SNAPSHOT
  • FIGURE 34: HENGTONG: COMPANY SNAPSHOT
  • FIGURE 35: NKT: COMPANY SNAPSHOT
  • FIGURE 36: SUMITOMO ELECTRIC: COMPANY SNAPSHOT
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