Market Overview:
The global underwater electrical connectors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for underwater electrical connectors in oil and gas, military and defense, telecommunication, and power industries. In terms of type, the dry mate connector segment is expected to lead the global underwater electrical connectors market during the forecast period. This can be attributed to its high reliability and easy installation. In terms of application, the oil and gas industry is expected to lead the global underwater electrical connectors market during the forecast period.
Product Definition:
An underwater electrical connector is a device used to join two or more electrical cables together underwater. This type of connector is typically used in marine applications, where it is necessary to connect electrical cables to boats, ships, and other watercraft.
Dry Mate Connector:
Dry Mate connectors are used in harsh environments for underwater electrical applications. These connectors have a wide range of application including oil & gas, petrochemical, and mining industries. The drymate connector is developed to overcome the limitations of conventional wet NEMA style connectors which cannot be used in extreme conditions such as high-temperature operations or low-temperature operations.
The dry mate connector has an internal gasket that seals the circuit.
Wet Mate Connector:
The wet Mate connector is a special type of electrical connector used in underwater electrical connectors. It’s an airtight and watertight connection made by pressing the two metal prongs of the plug into the corresponding sockets with a strong electric current running through it. The waterproof nature of these connectors makes them ideal for use in outdoor applications such as solar panels, sub-sea power cables, offshore wind turbines or any other application where extreme conditions are met.
Application Insights:
The oil and gas industry was the dominant segment in terms of application revenue in 2017. The global underwater electrical connectors market is expected to witness significant growth owing to the increasing demand for natural gas and petroleum products. Moreover, rising offshore activities are further anticipated to boost product demand over the forecast period.
The military and defense application segment is projected to expand at a CAGR of XX% from 2018 to 2030 due largelyto increased spending on defense equipment by countries such as China, India, Russia, U.S.
Regional Analysis:
Asia Pacific dominated the global underwater electrical connectors market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing offshore oil and gas activities in China, India, South Korea, Indonesia, Malaysia Philippines Thailand Vietnam Pakistan among other countries. In addition, rising military expenditure coupled with extensive coastline of China makes it a potential market for Underwater Electrical Connectors Market.
Europe also held a significant share of global revenue in 2016 owing to high demand from end-use industries such as oil and gas industry for long haul pipelines along with extensive coastlines of countries including France Italy Spain among many others which are likely to boost regional product demand over the forecast period.
Growth Factors:
- Increasing demand for underwater electrical connectors in the defense sector due to the increasing use of submarines and naval ships for military operations.
- Growing demand from the renewable energy sector due to the increasing installation of wind turbines and solar panels.
- Rising demand from the automotive industry due to the increasing production of electric vehicles.
- Growing popularity of submersible vehicles for recreational activities such as diving, fishing, and swimming which is driving growth in underwater electrical connector market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Electrical 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
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Electrical Connectors Market Report Segments:
The global Underwater Electrical 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
Highlights of The Underwater Electrical 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 Electrical 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 connectors are used to connect underwater cables. They are made of a metal and plastic material and have a connector on one end and a cable on the other.
Some of the major players in the underwater electrical connectors market are SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, MacArtney, BIRNS, Marshall Underwater Industries, Gisma.
The underwater electrical 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 Electrical 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 Connectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underwater Electrical 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 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 Connectors Market Size & Forecast, 2020-2028
4.5.1 Underwater Electrical Connectors Market Size and Y-o-Y Growth
4.5.2 Underwater Electrical 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
5.2.3 Others
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 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 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
9.6.3 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 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
10.6.3 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 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
11.6.3 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 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
12.6.3 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 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
13.6.3 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) 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 Connectors Market: Competitive Dashboard
14.2 Global Underwater Electrical 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
