Market Overview:
The global drilling underwater power cable connector market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas, rising investment in underwater engineering construction, and growing installation of submarine cables. Based on type, the global drilling underwater power cable connector market is segmented into dry mate connectors and wet mate connectors. The wet mate connector segment is expected to grow at a higher CAGR than the dry mate connector segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as easy mating, high reliability under adverse conditions, and low installation cost as compared with dry mate connectors. Based on application, the global drilling underwater power cable connector market is divided into oil extraction, underwater engineering construction, submarine cable laying (SCADA), and other applications. The oil extraction application segment dominates the global drilling underwater power cable connector market owing to increased spending by upstream players in exploration & production activities across different regions worldwide.
Product Definition:
A drilling underwater power cable connector is a device that is used to join two pieces of electrical cable together. This type of connector is important because it allows for the transmission of electricity under water. Without it, there would be no way to connect cables and transmit power across large bodies of water.
Dry Mate Connector:
Dry Mate Connector is a device used to join two wires together, which has no fluid connection. It is mainly used in offshore drilling operations and underwater power cable connectors. The market for dry mate connector is expected to grow at a significant rate owing to its increasing demand in oil & gas industry for the past few years and this trend is expected to continue over the forecast period.
Wet Mate Connector:
The wet Mate connector is a device used to join two wires in a cable that is being drilled underwater. It ensures watertight and airtight connection, which can withstand high pressure. The device has an internal o-ring seal that creates an airtight seal around the drill bit, eliminating the chances of formation of bubbles along with it.
This connector also features an external o-ring seal that creates a watertight seal around the drill string.
Application Insights:
The oil extraction application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The demand for power cables in this application is driven by increasing drilling activities offshore. The underwater engineering construction segment also holds a significant market share owing to extensive use of power cables in marine applications, such as undersea pipelines and deepwater platforms.
The underwater cable laying segment is expected to witness steady growth over the forecast period on account of growing demand from telecommunication, data communication, and internet providers across the globe. In addition, rapid urbanization along with rising population has led to increase in residential construction activities which has subsequently increased demand for electricity supply across cities at large scales thus driving industry expansion.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing offshore drilling activities in countries such as China, India, and Australia. In addition, rising demand for electricity across emerging economies of Asia Pacific including China and India coupled with growing industrialization will drive the global market growth during the forecast period.
The oil & gas industry is one of the major end-user industries driving underwater power cable connector demand across Asia Pacific region due to its strategic importance in energy security and economic development. The availability of low-cost labor along with favorable government regulations has attracted many international companies engaged in this business which further drives regional product sales globally.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization
- Rising concerns over climate change and the need for clean energy sources
- Government initiatives and subsidies for renewable energy projects
- Technological advancements that make underwater power cable connectors more efficient and cost-effective
- Growing demand from emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Underwater Power Cable Connector Market Research Report
By Type
Dry Mate Connector, Wet Mate Connector, Others
By Application
Oil Extraction, Underwater Engineering Construction, Underwater Cable Laying, Other
By Companies
SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, Allpondsolutions, MacArtney, Gisma, Sea and Land Technologies, SEACON, BIRNS
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Underwater Power Cable Connector Market Report Segments:
The global Drilling Underwater Power Cable Connector market is segmented on the basis of:
Types
Dry Mate Connector, Wet Mate Connector, Others
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
Oil Extraction, Underwater Engineering Construction, Underwater Cable Laying, Other
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:
- SEACON
- Eaton
- Teledyne Marine
- Hydro Group
- Glenair
- Amphenol
- Allpondsolutions
- MacArtney
- Gisma
- Sea and Land Technologies
- SEACON
- BIRNS
Highlights of The Drilling Underwater Power Cable Connector 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:
- Dry Mate Connector
- Wet Mate Connector
- Others
- By Application:
- Oil Extraction
- Underwater Engineering Construction
- Underwater Cable Laying
- Other
- 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 Drilling Underwater Power Cable Connector 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
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- Product & Brand Management
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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?
A drilling underwater power cable connector is a device used to connect two pieces of drill pipe. It is inserted into the end of one piece of pipe, and the other piece is screwed onto it.
Some of the key players operating in the drilling underwater power cable connector market are SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, Allpondsolutions, MacArtney, Gisma, Sea and Land Technologies, SEACON, BIRNS.
The drilling underwater power cable connector market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling Underwater Power Cable Connector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drilling Underwater Power Cable Connector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling Underwater Power Cable Connector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drilling Underwater Power Cable Connector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drilling Underwater Power Cable Connector Market Size & Forecast, 2018-2028
4.5.1 Drilling Underwater Power Cable Connector Market Size and Y-o-Y Growth
4.5.2 Drilling Underwater Power Cable Connector Market Absolute $ Opportunity
Chapter 5 Global Drilling Underwater Power Cable Connector Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drilling Underwater Power Cable Connector Market Size Forecast by Type
5.2.1 Dry Mate Connector
5.2.2 Wet Mate Connector
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drilling Underwater Power Cable Connector Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drilling Underwater Power Cable Connector Market Size Forecast by Applications
6.2.1 Oil Extraction
6.2.2 Underwater Engineering Construction
6.2.3 Underwater Cable Laying
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling Underwater Power Cable Connector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drilling Underwater Power Cable Connector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drilling Underwater Power Cable Connector Analysis and Forecast
9.1 Introduction
9.2 North America Drilling Underwater Power Cable Connector Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drilling Underwater Power Cable Connector Market Size Forecast by Type
9.6.1 Dry Mate Connector
9.6.2 Wet Mate Connector
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drilling Underwater Power Cable Connector Market Size Forecast by Applications
9.10.1 Oil Extraction
9.10.2 Underwater Engineering Construction
9.10.3 Underwater Cable Laying
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drilling Underwater Power Cable Connector Analysis and Forecast
10.1 Introduction
10.2 Europe Drilling Underwater Power Cable Connector Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drilling Underwater Power Cable Connector Market Size Forecast by Type
10.6.1 Dry Mate Connector
10.6.2 Wet Mate Connector
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drilling Underwater Power Cable Connector Market Size Forecast by Applications
10.10.1 Oil Extraction
10.10.2 Underwater Engineering Construction
10.10.3 Underwater Cable Laying
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drilling Underwater Power Cable Connector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drilling Underwater Power Cable Connector Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drilling Underwater Power Cable Connector Market Size Forecast by Type
11.6.1 Dry Mate Connector
11.6.2 Wet Mate Connector
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drilling Underwater Power Cable Connector Market Size Forecast by Applications
11.10.1 Oil Extraction
11.10.2 Underwater Engineering Construction
11.10.3 Underwater Cable Laying
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drilling Underwater Power Cable Connector Analysis and Forecast
12.1 Introduction
12.2 Latin America Drilling Underwater Power Cable Connector Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drilling Underwater Power Cable Connector Market Size Forecast by Type
12.6.1 Dry Mate Connector
12.6.2 Wet Mate Connector
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drilling Underwater Power Cable Connector Market Size Forecast by Applications
12.10.1 Oil Extraction
12.10.2 Underwater Engineering Construction
12.10.3 Underwater Cable Laying
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drilling Underwater Power Cable Connector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drilling Underwater Power Cable Connector Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drilling Underwater Power Cable Connector Market Size Forecast by Type
13.6.1 Dry Mate Connector
13.6.2 Wet Mate Connector
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drilling Underwater Power Cable Connector Market Size Forecast by Applications
13.10.1 Oil Extraction
13.10.2 Underwater Engineering Construction
13.10.3 Underwater Cable Laying
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drilling Underwater Power Cable Connector Market: Competitive Dashboard
14.2 Global Drilling Underwater Power Cable Connector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SEACON
14.3.2 Eaton
14.3.3 Teledyne Marine
14.3.4 Hydro Group
14.3.5 Glenair
14.3.6 Amphenol
14.3.7 Allpondsolutions
14.3.8 MacArtney
14.3.9 Gisma
14.3.10 Sea and Land Technologies
14.3.11 SEACON
14.3.12 BIRNS
