Market Overview:
The global subsea 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 oil and gas, military and defense, telecommunication, and power industry applications. The wet pluggable connector segment is expected to dominate the global subsea connectors market during the forecast period owing to its high reliability and easy installation. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period owing to rising demand for oil and gas in countries such as China, India, Indonesia, Malaysia, Thailand, Vietnam.
Product Definition:
A subsea connector is a device that connects two pieces of pipe or tubing together. They are used in offshore oil and gas production to connect the pipes that carry the oil and gas from the wellhead to the processing facility onshore.
Wet Pluggable Connector:
Wet pluggable connectors are used in subsea applications to make electrical and mechanical connections between the subsea equipment and the surface vessel. The demand for wet pluggable connectors is expected to grow at a significant pace owing to their ability of making strong mechanical & electrical connections, which can withstand high sea pressure, temperature & saltwater corrosion. In addition, these connectors provide reliable sealing even under extreme conditions; thus increasing its application scope in offshore oil & gas industry over the forecast period.
Dry Mateable Submersible Connector:
Dry Mateable Submersible Connector (DMSCC) is a new type of subsea connector that can be used in offshore oil and gas applications. It has been designed to overcome the limitations of conventional connectors, which cannot be used in extreme conditions where temperatures are below zero and there is no surface water available for lubrication.
Application Insights:
The oil and gas segment dominated the global subsea connectors market in terms of revenue share in 2017. The growth can be attributed to increasing demand for crude oil from onshore and offshore fields. Onshore, developed countries such as the U.S., Canada, Norway, and Mexico are producing more oil compared to their consumption; this has resulted in excess supply which is driving down the prices globally lowering the cost of production thereby encouraging upstream investments especially in low-cost areas like Africa where most of these projects are taking place thus propelling upsurge in demand for subsea connectors across various applications.
Europe was followed by Asia Pacific region owing to presence of key markets there with growing telecommunication infrastructure coupled with high internet userships that have resultedantly increased bandwidth requirements leading to an increase incidencesof undersea cable installations across both regions further driving market growth over recent years.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing demand for subsea connectors from oil and gas, military and defense, power industry applications in countries such as China, India, Japan, South Korea. In addition to this factor is also responsible for high revenue share of this region as it has largest production of crude oil across the globe which requires installation of various subsea equipment at each well head.
The Asia Pacific market was valued at USD X million in 2017 owing to presence of numerous players operating within China coupled with large production base located along with major ports including Shanghai port which are among busiest ports globally facilitating easy access for imports & exports across the world thereby driving product demand further boosting revenue growth significantly contributing towards overall regional market size during same year.
Growth Factors:
- Increasing demand for subsea connectors in the oil and gas industry due to the growth of offshore drilling activities.
- Rising demand for subsea connectors in renewable energy applications such as wind and tidal power generation.
- Growing popularity of subsea connector systems among Original Equipment Manufacturers (OEMs) for use in various industrial and commercial applications.
- Proliferation of next-generation submarine communication networks that require high-performance, reliable, and durable subsea connectors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Connectors Market Research Report
By Type
Wet Pluggable Connector, Dry Mateable Submersible Connector, Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
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, Sea and Land Technologies, 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Connectors Market Report Segments:
The global Subsea Connectors market is segmented on the basis of:
Types
Wet Pluggable Connector, Dry Mateable Submersible Connector, Wet Mateable-Pressure Balanced Oil Filled (PBOF) 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
- MacArtney
- BIRNS
- Marshall Underwater Industries
- Gisma
- Sea and Land Technologies
- CRE
Highlights of The Subsea 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:
- Wet Pluggable Connector
- Dry Mateable Submersible Connector
- Wet Mateable-Pressure Balanced Oil Filled (PBOF) 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 Subsea 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
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- 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?
Subsea connectors are a type of pipeline that connect offshore oil and gas production platforms to the mainland. They are also used to transport natural gas liquids (NGLs) from offshore production platforms to processing plants onshore.
Some of the key players operating in the subsea connectors market are SEACON, Eaton, Teledyne Marine, Hydro Group, Glenair, Amphenol, MacArtney, BIRNS, Marshall Underwater Industries, Gisma, Sea and Land Technologies, CRE.
The subsea connectors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Subsea Connectors 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. Subsea Connectors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Subsea Connectors Market - Supply Chain
4.5. Global Subsea Connectors Market Forecast
4.5.1. Subsea Connectors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Subsea Connectors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Subsea Connectors Market Absolute $ Opportunity
5. Global Subsea Connectors 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. Subsea Connectors Market Size and Volume Forecast by Type
5.3.1. Wet Pluggable Connector
5.3.2. Dry Mateable Submersible Connector
5.3.3. Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Subsea Connectors 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. Subsea Connectors Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Military and Defense
6.3.3. Telecommunication
6.3.4. Power Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Subsea Connectors 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. Subsea Connectors 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 Subsea Connectors 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. Subsea Connectors 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 Subsea Connectors Demand Share Forecast, 2019-2026
9. North America Subsea Connectors 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 Subsea Connectors 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 Subsea Connectors Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Military and Defense
9.4.3. Telecommunication
9.4.4. Power Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Subsea Connectors Market Size and Volume Forecast by Type
9.7.1. Wet Pluggable Connector
9.7.2. Dry Mateable Submersible Connector
9.7.3. Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
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 Subsea Connectors Demand Share Forecast, 2019-2026
10. Latin America Subsea Connectors 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 Subsea Connectors 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 Subsea Connectors Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Military and Defense
10.4.3. Telecommunication
10.4.4. Power Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Subsea Connectors Market Size and Volume Forecast by Type
10.7.1. Wet Pluggable Connector
10.7.2. Dry Mateable Submersible Connector
10.7.3. Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
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 Subsea Connectors Demand Share Forecast, 2019-2026
11. Europe Subsea Connectors 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 Subsea Connectors 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 Subsea Connectors Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Military and Defense
11.4.3. Telecommunication
11.4.4. Power Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Subsea Connectors Market Size and Volume Forecast by Type
11.7.1. Wet Pluggable Connector
11.7.2. Dry Mateable Submersible Connector
11.7.3. Wet Mateable-Pressure Balanced Oil Filed (PBOF) Connector
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
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 Subsea Connectors Demand Share, 2019-2026
12. Asia Pacific Subsea Connectors 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 Subsea Connectors 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 Subsea Connectors Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Military and Defense
12.4.3. Telecommunication
12.4.4. Power Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Subsea Connectors Market Size and Volume Forecast by Type
12.7.1. Wet Pluggable Connector
12.7.2. Dry Mateable Submersible Connector
12.7.3. Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
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 Subsea Connectors Demand Share, 2019-2026
13. Middle East & Africa Subsea Connectors 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 Subsea Connectors 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 Subsea Connectors Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Military and Defense
13.4.3. Telecommunication
13.4.4. Power Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Subsea Connectors Market Size and Volume Forecast by Type
13.7.1. Wet Pluggable Connector
13.7.2. Dry Mateable Submersible Connector
13.7.3. Wet Mateable-Pressure Balanced Oil Filled (PBOF) Connector
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 Subsea Connectors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Subsea Connectors Market: Market Share Analysis
14.2. Subsea Connectors Distributors and Customers
14.3. Subsea Connectors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SEACON
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Teledyne Marine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hydro Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Glenair
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Amphenol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MacArtney
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BIRNS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Marshall Underwater Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gisma
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sea and Land Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CRE
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
