Austin, TX, USA, March 14, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Submarine Cable Market Size, Trends and Insights By Application (Submarine Communication Cables, Submarine Power Cables), By Voltage (Extra High Voltage, High Voltage, Medium Voltage), By Offering (Installation & Commissioning, Maintenance, Upgrade), By End-user (Offshore Wind Power Generation, Offshore Oil & Gas, Inter-Country & Island Connection), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Submarine Cable Market share & size was valued at approximately USD 25 Billion in 2021 and is expected to reach USD 26.11 billion in 2022 and is expected to reach a value of around USD 35 Billion by 2030, at a compound annual growth rate (CAGR) of about 10% during the forecast period 2022 to 2030.”

Our research report offers a 360-degree view of the Submarine Cable market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Submarine Cable market.

Submarine Cable Market: Overview

Key investors in new submarine cables include content companies like Facebook, Google, Amazon, and Microsoft. Private network operators have recently added more capacity than internet backbone providers. Owning new submarine cables expands the potential available to these corporations because of the enormous expansion in bandwidth. New submarine cables are still being built by Google and Facebook, for instance, the Pacific Light Cable Network, in which they are both investors.

Click Here to Access a Free Sample Report of the Global Submarine Cable Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=22794

Growth Factors

The submarine cable market is primarily driven by rising offshore wind farm investments, rising data traffic, and expenditures made by OTT providers to meet demand. Many uses for power and communication employ submarine cables. They are frequently used for power transmission to oil rigs, power from offshore wind farms to power plants, and links between nations and islands. The need for low-power cables is being influenced by the rising need for linking the power systems of various nations.

Submarine communication cables are used for international contact between countries and regions. Submarine cables are responsible for 97% of all global internet traffic, and as internet usage grows, the demand for cables is also expected to surge. Global market expansion has been fueled by the increasing focus on integrating offshore renewable energy sources and greater energy security. These communication cables facilitate quicker communication and transmit a lot of data around the world.

Segmental Overview

The market for Submarine Cable is segmented into the offering, application, voltage, and end-user. Based on application, in 2021, the submarine power cable market accounted for 60% of total revenue. The market for submarine power cables is driven by rising inter-country and island connectivity needs and new capacity additions in the offshore wind sector. Additionally, the need for submarine power cables has increased due to increased research and development efforts brought on by the growth of offshore wind farms and the electrification of offshore oil and gas networks.

Based on offering, with more than 35% share of the market, the installation & commissioning segment led the market in 2021. This is brought on by the high price, necessary technological processes, and installation equipment. Undersea cable vessels, jointing and testing tools, operation management software, and underwater installation tools are all parts of the equipment used to deliver submarine cables.

Underwater robot remotely operated vehicles, beach burying equipment, burial machines, and an automatic control system make up the underwater installation equipment for submarine optical cables. Over the forecast period, this market is anticipated to offer potential growth possibilities.

(A free sample of the Submarine Cable report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Submarine Cable report has been modified to include the COVID-19 impact study prior to delivery.)

Request Customized Copy of Submarine Cable Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=22794

Regional Overview

In 2021, the Asia Pacific region held the most significant market share. The approval and deployment of wind farms are at their highest levels in this area, with China dominating the market. Direct investments in the construction of submarine cable infrastructure are increasingly concentrated in the Asia-Pacific region. Google, Microsoft, and Facebook are the main players in the region. For instance, Google has already purchased the Asia-based undersea cable market. Additionally, Google invested in the new subsea cable system that was deployed to connect Australia and Japan via Guam in 2021.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 25 Billion
Projected Market Size in 2030	USD 35 Billion
Market Size in 2022	USD 26.11 Billion
CAGR Growth Rate	10% CAGR
Base Year	2021
Forecast Period	2022-2030
Key Segment	By Application, Voltage, Offering, End-user, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Click Here to Get a Free Sample Report of the Global Submarine Cable Market @ https://www.custommarketinsights.com/report/submarine-cable-market/

Competitive Landscape

Our market analysis includes a section specifically devoted to key players operating in the Submarine Cable market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

• 2022: Local media claimed that the Kingdom of Saudi Arabia and India are looking into a cross-country initiative being launched to extend a new era of energy diplomacy. This project would create a green energy grid and connect the two countries via submarine cables. The proposed undersea cable project will link the Saudi coast with that of Gujarat, and the distance between Mundra Port in Gujarat and Fujairah, a Saudi coastal city, is 1,600 km.
• 2022: In order to construct a submarine Internet connection connecting the two countries, Saudi Arabia and Greece have forged a strategic collaboration. The Saudi Telecom Company, the General Energy Company in Greece, the Greek Telecom Company, and the Cyprus Telecom Company would collaborate on the cable’s development.

Key questions answered in this report:

• What is the size of the Submarine Cable market and what is its expected growth rate?
• What are the primary driving factors that push the Submarine Cable market forward?
• What are the Submarine Cable Industry’s top companies?
• What are the different categories that the Submarine Cable Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Submarine Cable market sample report and company profiles?

Request Customized Copy of Submarine Cable Market Report @ https://www.custommarketinsights.com/report/submarine-cable-market/

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Some of the prominent players

• ALE International, ALE USA Inc.
• NEC Corporation
• SubCom, LLC
• NKT A/S
• Prysmian S.p.A
• Microsoft
• Google LLC
• Nexans
• com, Inc.
• ZTT
• Others

The global Submarine Cable market is segmented as follows:

By Application

• Submarine Communication Cables
• Submarine Power Cables

By Voltage

• Extra High Voltage
• High Voltage
• Medium Voltage

By Offering

• Installation & Commissioning
• Maintenance
• Upgrade

By End-user

• Offshore Wind Power Generation
• Offshore Oil & Gas
• Inter-Country & Island Connection

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/submarine-cable-market/

By Region

North America

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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Browse the full “Submarine Cable Market Size, Trends and Insights By Application (Submarine Communication Cables, Submarine Power Cables), By Voltage (Extra High Voltage, High Voltage, Medium Voltage), By Offering (Installation & Commissioning, Maintenance, Upgrade), By End-user (Offshore Wind Power Generation, Offshore Oil & Gas, Inter-Country & Island Connection), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at  https://www.custommarketinsights.com/report/submarine-cable-market/

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This Submarine Cable Market Research/Analysis Report Contains Answers to the following Questions.

• Which Manufacturing Technology is used for Submarine Cable? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Submarine Cable Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Submarine Cable Market? What Was the Capacity, Production Value, Cost and PROFIT of the Submarine Cable Market?
• What Is the Current Market Status of the Submarine Cable Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Submarine Cable Market by Considering Applications and Types?
• What Are Projections of the Global Submarine Cable Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Submarine Cable Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Submarine Cable Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Submarine Cable Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Submarine Cable Industry?

Reasons to Purchase Submarine Cable Market Report

• Submarine Cable Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Submarine Cable Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Submarine Cable Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Submarine Cable Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/submarine-cable-market/

Reasons for the Research Report

• The study provides a thorough overview of the global Submarine Cable market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Submarine Cable market analysis.

• The competitive environment of current and potential participants in the Submarine Cable market is covered in the report, as well as those companies’ strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

•  Participants and stakeholders worldwide Submarine Cable market should find this report useful. The research will be useful to all market participants in the Submarine Cable industry.

•  Managers in the Submarine Cable sector are interested in publishing up-to-date and projected data about the worldwide Submarine Cable market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Submarine Cable products’ market trends.

•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/submarine-cable-market/

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