The global vessel cable market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of this market is driven by the increasing demand for power cables in various applications such as communication/devices, military, electric power system, medical and energy/rail transit. The AC power cable segment accounted for the largest share of the global vessel cable market in 2018 and is expected to continue its dominance throughout the forecast period due to its wide application across various industries such as communication/devices, military and electric power system among others. The DC power cable segment accounted for a small share of this market in 2018 but is expected to grow at a higher CAGR than AC cables during the forecast period due to its use in applications such as medical and energy/rail transit among others which are witnessing high growth rates globally.
Some Of The Growth Factors Of This Market:
- The growth of the global Vessel Cable market is driven by factors such as increasing demand for offshore wind power generation and increasing investments in renewable energy sources, which are driving the need for more cables to be laid in deep water areas.
- Increasing demand from emerging economies such as China and India is also driving the growth of this market globally.
- Increasing investments in renewable energy sources are also driving this market globally due to increased need for cables to be laid in deep water areas where there is no other option available but cable laying vessels (CLVs). CLVs are used extensively for laying cables on seabeds that have depths greater than 500 meters below sea level or where there are no other options available like land or shallow waters with depths less than 50 meters below sea level, etc, which makes them an integral part of offshore wind power generation projects and other renewable energy projects that require long distance transmission lines across oceans or seas between countries/regions with different voltage levels, etc,. This factor will drive the growth of this market globally during the forecast period 2018-2025 because it will increase demand from emerging economies such as China and India due to their increased investment in renewable energy sources like solar power plants, wind farms, hydroelectric dams, etc,.
Industry Growth Insights published a new data on “Vessel Cable Market”. The research report is titled “Vessel Cable Market research by Types (AC Power Cable, DC Power Cable), By Applications (Communication/devices, Military, Electric Power System, Medical, Energy/rail Transit), By Players/Companies Prysmian, Nexans, General Cable, Sumitomo Electric, Southwire, LS Cable & System, Furukawa Electric, Riyadh Cable, Elsewedy Electric, Condumex, NKT Cables, FarEast Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Hanhe Cable, Okonite, Synergy Cable, Taihan, TF Cable”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Cable Market Research Report
By Type
AC Power Cable, DC Power Cable
By Application
Communication/devices, Military, Electric Power System, Medical, Energy/rail Transit
By Companies
Prysmian, Nexans, General Cable, Sumitomo Electric, Southwire, LS Cable & System, Furukawa Electric, Riyadh Cable, Elsewedy Electric, Condumex, NKT Cables, FarEast Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Hanhe Cable, Okonite, Synergy Cable, Taihan, TF Cable
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 Vessel Cable Market Report Segments:
The global Vessel Cable market is segmented on the basis of:
Types
AC Power Cable, DC Power Cable
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
Communication/devices, Military, Electric Power System, Medical, Energy/rail Transit
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:
- Prysmian
- Nexans
- General Cable
- Sumitomo Electric
- Southwire
- LS Cable & System
- Furukawa Electric
- Riyadh Cable
- Elsewedy Electric
- Condumex
- NKT Cables
- FarEast Cable
- Shangshang Cable
- Jiangnan Cable
- Baosheng Cable
- Hanhe Cable
- Okonite
- Synergy Cable
- Taihan
- TF Cable
Highlights of The Vessel Cable 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:
- AC Power Cable
- DC Power Cable
- By Application:
- Communication/devices
- Military
- Electric Power System
- Medical
- Energy/rail Transit
- 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 Vessel Cable 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.
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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?
Vessel cable is a type of cable used to connect two devices together. It is often used in industrial and commercial settings, as it has a high resistance to wear and tear.
Some of the major players in the vessel cable market are Prysmian, Nexans, General Cable, Sumitomo Electric, Southwire, LS Cable & System, Furukawa Electric, Riyadh Cable, Elsewedy Electric, Condumex, NKT Cables, FarEast Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Hanhe Cable, Okonite, Synergy Cable, Taihan, TF Cable.
The vessel cable market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vessel Cable 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. Vessel Cable Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vessel Cable Market - Supply Chain
4.5. Global Vessel Cable Market Forecast
4.5.1. Vessel Cable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vessel Cable Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vessel Cable Market Absolute $ Opportunity
5. Global Vessel Cable 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. Vessel Cable Market Size and Volume Forecast by Type
5.3.1. AC Power Cable
5.3.2. DC Power Cable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vessel Cable 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. Vessel Cable Market Size and Volume Forecast by Application
6.3.1. Communication/devices
6.3.2. Military
6.3.3. Electric Power System
6.3.4. Medical
6.3.5. Energy/rail Transit
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vessel Cable 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. Vessel Cable 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 Vessel Cable 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. Vessel Cable 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 Vessel Cable Demand Share Forecast, 2019-2026
9. North America Vessel Cable 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 Vessel Cable 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 Vessel Cable Market Size and Volume Forecast by Application
9.4.1. Communication/devices
9.4.2. Military
9.4.3. Electric Power System
9.4.4. Medical
9.4.5. Energy/rail Transit
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vessel Cable Market Size and Volume Forecast by Type
9.7.1. AC Power Cable
9.7.2. DC Power Cable
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 Vessel Cable Demand Share Forecast, 2019-2026
10. Latin America Vessel Cable 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 Vessel Cable 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 Vessel Cable Market Size and Volume Forecast by Application
10.4.1. Communication/devices
10.4.2. Military
10.4.3. Electric Power System
10.4.4. Medical
10.4.5. Energy/rail Transit
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vessel Cable Market Size and Volume Forecast by Type
10.7.1. AC Power Cable
10.7.2. DC Power Cable
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 Vessel Cable Demand Share Forecast, 2019-2026
11. Europe Vessel Cable 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 Vessel Cable 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 Vessel Cable Market Size and Volume Forecast by Application
11.4.1. Communication/devices
11.4.2. Military
11.4.3. Electric Power System
11.4.4. Medical
11.4.5. Energy/rail Transit
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vessel Cable Market Size and Volume Forecast by Type
11.7.1. AC Power Cable
11.7.2. DC Power Cable
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 Vessel Cable Demand Share, 2019-2026
12. Asia Pacific Vessel Cable 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 Vessel Cable 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 Vessel Cable Market Size and Volume Forecast by Application
12.4.1. Communication/devices
12.4.2. Military
12.4.3. Electric Power System
12.4.4. Medical
12.4.5. Energy/rail Transit
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vessel Cable Market Size and Volume Forecast by Type
12.7.1. AC Power Cable
12.7.2. DC Power Cable
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 Vessel Cable Demand Share, 2019-2026
13. Middle East & Africa Vessel Cable 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 Vessel Cable 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 Vessel Cable Market Size and Volume Forecast by Application
13.4.1. Communication/devices
13.4.2. Military
13.4.3. Electric Power System
13.4.4. Medical
13.4.5. Energy/rail Transit
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vessel Cable Market Size and Volume Forecast by Type
13.7.1. AC Power Cable
13.7.2. DC Power Cable
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 Vessel Cable Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vessel Cable Market: Market Share Analysis
14.2. Vessel Cable Distributors and Customers
14.3. Vessel Cable Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Prysmian
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nexans
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Cable
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Southwire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LS Cable & System
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Furukawa Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Riyadh Cable
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elsewedy Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Condumex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NKT Cables
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FarEast Cable
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shangshang Cable
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangnan Cable
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Baosheng Cable
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hanhe Cable
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Okonite
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Synergy Cable
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Taihan
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. TF Cable
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook