Market Overview:
The global underwater connectors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for underwater connectors in oil and gas, military and defense, telecommunication, and power industries. Additionally, the growing popularity of submersible vehicles is also propelling the growth of the global underwater connectors market. The dry mate connector segment is expected to hold a dominant position in the global underwater connectors market during the forecast period. This can be attributed to its features such as easy installation and low maintenance cost.
Product Definition:
Underwater connectors are devices that allow two or more electrical conductors to be connected in an underwater environment. They are typically used in water-pumping and filtering systems, as well as in electrical wiring for boats and other watercraft. Underwater connectors are important because they provide a reliable way to connect electrical circuits under water, which can be a difficult environment to work in.
Dry Mate Connector:
Dry Mate connectors are used in harsh environments for a wide range of applications including oil & gas, petrochemical, mining and marine. These connectors have low water absorption and can withstand high mechanical stress making them suitable to be used in extreme conditions. The drymate connector is mainly made up of two parts namely male part (made up of copper alloy) and female part (made up from plastic).
Wet Mate Connector:
The wet Mate connector is a special type of waterproof electrical connectors used in underwater electrical connectors. It’s an important part of the underwater cable protection system. The water pressure acts as a protective barrier for these connectors, preventing them from being damaged by mechanical or physical impact. These are mainly used in undersea power and communication cables to ensure water resistance and high-temperature performance up to 150°C (300°F).
Application Insights:
The oil and gas segment dominated the global underwater connectors market in terms of revenue share in 2017. The growth can be attributed to the rising demand for deepwater drilling activities across various regions, including Latin America and Asia Pacific. Furthermore, increasing offshore oil exploration activities coupled with growing natural gas production has resulted in increased demand for undersea cables across the globe.
The military and defense application segment is expected to witness significant growth over the forecast period owing to extensive use of these products by defense agencies worldwide for communication purposes as well as intelligence sharing between countries. Moreover, rapid advancements in technology have led to development of enhanced underwater capabilities that help enhance overall performance even more than before anticipated which is further driving product adoption across this application sector at a high rate of knots.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing oil and gas exploration activities in countries such as China, India, South Korea, Philippines, Australia among others. In addition, rising military expenditure by countries such as China and India are likely to boost underwater connectors demand over the next eight years.
The Asia Pacific underwater connectors market is also driven by growing offshore oil & gas activities in countries such as Indonesia (oil), Vietnam (gas), Thailand (oil) among others which are anticipated to propel product demand over the forecast period. Moreover high investment from foreign players coupled with favorable government policies for developing offshore energy resources is projected to further drive regional growth during the same period.
Growth Factors:
- Increasing demand for underwater connectors in the defense sector due to the increasing use of submarines and other water vehicles for military purposes.
- Growing demand from the renewable energy sector due to the increasing installation of wind turbines, tidal turbines, and solar panels in marine environments.
- Rising popularity of submersible vehicles for recreational activities such as diving and fishing, which is driving demand for underwater connectors.
- Rapid growth in data traffic across undersea communication cables, which is fueling demand for high-quality underwater connectors.
- Proliferation of new applications such as autonomous underwater vehicles (AUVs) that require reliable and robust underwater connectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Connectors Market Research Report
By Type
Dry Mate Connector, Wet Mate Connector, Others
By Application
Oil and Gas, Military and Defense, Telecommunication, Power Industry
By Companies
SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, MacArtney, BIRNS, Marshall Underwater Industries, Gisma, SEACON, CRE
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Connectors Market Report Segments:
The global Underwater Connectors 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 and Gas, Military and Defense, Telecommunication, Power Industry
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
- MacArtney
- BIRNS
- Marshall Underwater Industries
- Gisma
- SEACON
- CRE
Highlights of The Underwater Connectors 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 and Gas
- Military and Defense
- Telecommunication
- Power Industry
- 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 Underwater Connectors 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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- Consumer Insights
- Understanding Competition Scenario
- 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?
Underwater connectors are a type of connector that is used to connect two pieces of metal or plastic. They are inserted into the holes on either side of the object that they are connecting and then tightened using a bolt or screw. This makes it possible to join two objects together underwater, without having to remove them from the water.
Some of the major companies in the underwater connectors market are SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, MacArtney, BIRNS, Marshall Underwater Industries, Gisma, SEACON, CRE.
The underwater connectors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underwater Connectors 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 Underwater Connectors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size & Forecast, 2018-2028 4.5.1 Underwater Connectors Market Size and Y-o-Y Growth 4.5.2 Underwater Connectors Market Absolute $ Opportunity
Chapter 5 Global Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Military and Defense
6.2.3 Telecommunication
6.2.4 Power Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Analysis and Forecast
9.1 Introduction
9.2 North America Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Military and Defense
9.10.3 Telecommunication
9.10.4 Power Industry
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 Underwater Connectors Analysis and Forecast
10.1 Introduction
10.2 Europe Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Military and Defense
10.10.3 Telecommunication
10.10.4 Power Industry
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 Underwater Connectors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Military and Defense
11.10.3 Telecommunication
11.10.4 Power Industry
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 Underwater Connectors Analysis and Forecast
12.1 Introduction
12.2 Latin America Underwater Connectors 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 Underwater Connectors 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 Underwater Connectors Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Military and Defense
12.10.3 Telecommunication
12.10.4 Power Industry
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) Underwater Connectors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Underwater Connectors 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) Underwater Connectors 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) Underwater Connectors Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Military and Defense
13.10.3 Telecommunication
13.10.4 Power Industry
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 Underwater Connectors Market: Competitive Dashboard
14.2 Global Underwater Connectors 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 MacArtney
14.3.8 BIRNS
14.3.9 Marshall Underwater Industries
14.3.10 Gisma
14.3.11 SEACON
14.3.12 CRE