Market Overview:
The global marine cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fiber-optic cables and electric cables in the marine and offshore, oil & gas and petrochemical, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
A marine cable is a type of submarine cable used to carry telecommunications and electric power between two or more points on the surface of the Earth, or between a point on the Earth and another object in space.
Fiber-optic Cables:
Fiber optic cables are flexible transparent optical fibers, which transmit light using a glass core. They are used for lighting as well as communication applications. Fiber optic cables have a high transmission capacity and can cover long distances at the same time consume less power over the cable length. The growing demand for faster data transfer and storage is expected to drive market growth over the forecast period.
Electric Cables:
Electric cables are used in marine for power supply to instruments and equipment installed on board. They are of different types such as ACSR (Aluminum- Copper- Steel Reel), LMR (Linear Low Melting Point) and LLDPE (Low Linear Density Polyethylene). The choice of cable depends upon the application, environment, operating temperature range, insulation type required along with other mechanical requirements.
Application Insights:
The others segment that includes construction and transportation accounted for the largest revenue share in 2017. The growth is attributed to the increasing demand for electric cables and fiber-optic cables from various industries such as marine, oil & gas, power generation, etc. Fiber-optic cable applications include communication between ships at sea or onshore facilities via satellite communications systems. Electric cable applications include power supply to offshore platforms from land based stations and also supply of electrical energy to onshore facilities via underwater electricity pylons.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major ports, such as Shanghai, Singapore, Hong Kong, and Kaohsiung. These ports are extensively used for crude oil transportation owing to their proximity to China’s coast. Moreover, increasing foreign investments in countries such as Japan and India are anticipated to fuel demand for electric cables over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to growing offshore activities along with an increase in drilling activities across U.S., Canada, Gulf of Mexico (GOM), Puerto Rico (PR), and other areas bordering these regions worldwide.
Growth Factors:
- Increasing demand for data and communication: Marine cables are used to carry large amounts of data and communication between two or more points. This is because they offer high bandwidth, low latency, and immunity to interference. As a result, the demand for marine cables is expected to grow in the coming years as the world becomes increasingly digitized.
- Growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their environmental benefits and cost-effectiveness. As more people switch over to electric vehicles, there will be an increased need for charging stations which will require marine cables for power transmission purposes.
- Proliferation of smart cities: Smart cities are those that use technology to improve the quality of life of their citizens by making urban areas more efficient, sustainable, and livable. In order to function effectively, smart cities require a high level of connectivity which can be provided by marine cables networks infrastructure .
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Cables Market Research Report
By Type
Fiber-optic Cables, Electric Cables
By Application
Marine and Offshore, Oil & Gas and Petrochemical, Others
By Companies
Eaton Corporation, Belden, SAB Cable, FSC Global, Fujitsu Limited, Belcom Cables Ltd, LEONI, Eland Cables, Nuhas Oman, CABLE SOURCE PTE LTD, WILSON CABLES PTE LTD.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Marine Cables Market Report Segments:
The global Marine Cables market is segmented on the basis of:
Types
Fiber-optic Cables, Electric Cables
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine and Offshore, Oil & Gas and Petrochemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton Corporation
- Belden
- SAB Cable
- FSC Global
- Fujitsu Limited
- Belcom Cables Ltd
- LEONI
- Eland Cables
- Nuhas Oman
- CABLE SOURCE PTE LTD
- WILSON CABLES PTE LTD.
Highlights of The Marine Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiber-optic Cables
- Electric Cables
- By Application:
- Marine and Offshore
- Oil & Gas and Petrochemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine cables are a type of cable used to connect ships and shore stations. They are made of strong, durable materials and can handle high seas and harsh weather conditions.
Some of the key players operating in the marine cables market are Eaton Corporation, Belden, SAB Cable, FSC Global, Fujitsu Limited, Belcom Cables Ltd, LEONI, Eland Cables, Nuhas Oman, CABLE SOURCE PTE LTD, WILSON CABLES PTE LTD..
The marine cables market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Cables Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Cables Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Cables Market - Supply Chain
4.5. Global Marine Cables Market Forecast
4.5.1. Marine Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Cables Market Absolute $ Opportunity
5. Global Marine Cables Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Cables Market Size and Volume Forecast by Type
5.3.1. Fiber-optic Cables
5.3.2. Electric Cables
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Cables Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Cables Market Size and Volume Forecast by Application
6.3.1. Marine and Offshore
6.3.2. Oil & Gas and Petrochemical
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Cables Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Cables Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Cables Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Cables Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Cables Demand Share Forecast, 2019-2026
9. North America Marine Cables Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Cables Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Cables Market Size and Volume Forecast by Application
9.4.1. Marine and Offshore
9.4.2. Oil & Gas and Petrochemical
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Cables Market Size and Volume Forecast by Type
9.7.1. Fiber-optic Cables
9.7.2. Electric Cables
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Cables Demand Share Forecast, 2019-2026
10. Latin America Marine Cables Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Cables Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Cables Market Size and Volume Forecast by Application
10.4.1. Marine and Offshore
10.4.2. Oil & Gas and Petrochemical
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Cables Market Size and Volume Forecast by Type
10.7.1. Fiber-optic Cables
10.7.2. Electric Cables
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Cables Demand Share Forecast, 2019-2026
11. Europe Marine Cables Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Cables Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Cables Market Size and Volume Forecast by Application
11.4.1. Marine and Offshore
11.4.2. Oil & Gas and Petrochemical
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Cables Market Size and Volume Forecast by Type
11.7.1. Fiber-optic Cables
11.7.2. Electric Cables
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anlysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Cables Demand Share, 2019-2026
12. Asia Pacific Marine Cables Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Cables Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Cables Market Size and Volume Forecast by Application
12.4.1. Marine and Offshore
12.4.2. Oil & Gas and Petrochemical
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Cables Market Size and Volume Forecast by Type
12.7.1. Fiber-optic Cables
12.7.2. Electric Cables
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Cables Demand Share, 2019-2026
13. Middle East & Africa Marine Cables Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Cables Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Cables Market Size and Volume Forecast by Application
13.4.1. Marine and Offshore
13.4.2. Oil & Gas and Petrochemical
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Cables Market Size and Volume Forecast by Type
13.7.1. Fiber-optic Cables
13.7.2. Electric Cables
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Cables Market: Market Share Analysis
14.2. Marine Cables Distributors and Customers
14.3. Marine Cables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eaton Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Belden
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SAB Cable
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FSC Global
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujitsu Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Belcom Cables Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LEONI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eland Cables
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nuhas Oman
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CABLE SOURCE PTE LTD
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. WILSON CABLES PTE LTD.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
