Market Overview:
The global underwater electrical cable connectors 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 underwater electrical connectors in oil and gas, military and defense, telecommunication, and power industries. In addition, the growing demand for dry mate connector is also contributing to the growth of this market. However, factors such as high installation cost may restrain the growth of this market during the forecast period. Based on type, the global underwater electrical cable connectors market can be segmented into dry mate connector and wet mate connector. The wet mate connector segment is expected to dominate this market during the forecast period owing to its advantages such as low installation cost and easy installation process as compared to dry mate connector. Based on application,the global underwater electrical cable connectorsmarket can be divided into oil and gas industry, militaryand defense industry,,telecommunication industry,,powerindustry,.
Product Definition:
Underwater electrical cable connectors are devices that allow two or more electrical cables to be connected underwater. They are typically used in situations where it is necessary to connect cables underwater, such as in a dam or other hydroelectric facility.
Dry Mate Connector:
Dry Mate connectors are used in underwater electrical cable connectors. The connector consists of a metal body with an internal thread and two or more contact prongs, which is inserted into the female connector. The drymate connector has no liquid cooling effect like wet counterpart; however, it does have some advantages over it such as better mechanical resistance to corrosion and higher operating temperature range.
The global dry mate connectors market was valued at USD 648 million in 2016.
Wet Mate Connector:
The wet Mate connector is a special type of electrical connectors used in underwater electrical cable connectors. The waterproofing properties of the wet Mate connector make it suitable for use in harsh environments and under water applications. It has been designed to withstand high pressure, temperature, and moisture conditions which makes it ideal for underwater applications.
The growing demand for electricity coupled with rapid urbanization is expected to drive the global Underwater Electrical Cable Connectors market growth over the forecast period.
Application Insights:
The oil and gas industry was the dominant segment in 2017. The growth can be attributed to the rising demand for energy from offshore oil and gas production facilities. Offshore platforms require a large number of electrical cables for power supply, communication, and control functions. Hence, there is a huge demand for underwater connectors in this sector.
The military and defense application segment is expected to witness significant growth over the forecast period owing to increasing investments by countries from Middle East region including Saudi Arabia, UAE, Iran etc., in developing their armed forces capabilities particularly their navy fleet which includes submarines as well as surface ships that conduct both on-land & maritime operations. These investments are further projected to support market growth during the study period especially regarding military equipment procurement through 2030 globally underwater electrical cable connectors market by type (dry mate connector or wet mate connector) & application (oil & gas).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to rising investments in hydropower generation, expansion of oil and gas exploration activities, rise in military spending by various countries including China and India, among others.
The Asia Pacific underwater electrical cable connectors market is also driven by growing infrastructure development for transportation and communication networks across emerging economies such as China, India, Indonesia among others. In addition to this factor; increasing number of nuclear power plant projects along with rising demand for electricity across developing nations such as Bangladesh will drive the regional product demand over the forecast period.
Growth Factors:
- Increasing demand for underwater electrical cable connectors in the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for underwater electrical cable connectors from the power sector due to increasing investments in renewable energy sources such as solar and wind power
- Growing popularity of submersible vehicles, which is expected to lead to an increase in demand for underwater electrical cable connectors
- Rapid growth of the global electronics market, which is expected to drive demand for high-quality underwater electrical cable connectors
- Technological advancements that have led to the development of new and improved types of underwater electrical cable connectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Electrical Cable Connectors Market Research Report
By Type
Dry Mate Connector, Wet Mate Connector
By Application
Oil and Gas, Military and Defense, Telecommunication, Power Industry
By Companies
SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, Gisma, Marshall Underwater Industries, Amron International, BIRNS, MacArtney, 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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Electrical Cable Connectors Market Report Segments:
The global Underwater Electrical Cable Connectors market is segmented on the basis of:
Types
Dry Mate Connector, Wet Mate Connector
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
- Gisma
- Marshall Underwater Industries
- Amron International
- BIRNS
- MacArtney
- CRE
Highlights of The Underwater Electrical Cable 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
- 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 Electrical Cable 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
- 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?
Underwater electrical cable connectors are used to connect two pieces of underwater electrical cable.
Some of the major players in the underwater electrical cable connectors market are SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, Gisma, Marshall Underwater Industries, Amron International, BIRNS, MacArtney, CRE.
The underwater electrical cable connectors 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 Underwater Electrical Cable 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 Electrical Cable Connectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underwater Electrical Cable 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 Electrical Cable 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 Electrical Cable Connectors Market Size & Forecast, 2020-2028
4.5.1 Underwater Electrical Cable Connectors Market Size and Y-o-Y Growth
4.5.2 Underwater Electrical Cable Connectors Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Dry Mate Connector
5.2.2 Wet Mate Connector
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Electrical Cable 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 Electrical Cable 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Dry Mate Connector
9.6.2 Wet Mate Connector
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Dry Mate Connector
10.6.2 Wet Mate Connector
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Dry Mate Connector
11.6.2 Wet Mate Connector
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Dry Mate Connector
12.6.2 Wet Mate Connector
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Dry Mate Connector
13.6.2 Wet Mate Connector
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) 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 Electrical Cable Connectors Market: Competitive Dashboard
14.2 Global Underwater Electrical Cable 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 Gisma
14.3.8 Marshall Underwater Industries
14.3.9 Amron International
14.3.10 BIRNS
14.3.11 MacArtney
14.3.12 CRE
