Product Code: BMIRE00030433
The Europe submarine cable systems market was valued at US$ 2,027.11 million in 2022 and is expected to reach US$ 4,301.04 million by 2030; it is estimated to register a CAGR of 9.9% from 2022 to 2030 .
Growing Number of Projects Based on HVDC Power Transmission Technology Drive Europe Submarine Cable Systems Market
The increasing demand for transmitting energy over long distances, including wide and deep-water bodies, necessitates the integration of renewable energy sources. As the installation of submarine cable systems rises, there is a growing need for efficient power transmission and reduced dissipative losses. High-voltage direct current (HVDC) submarine power cables offer various advantages over conventional high-voltage alternating current (HVAC) technologies, making them a preferred choice for efficient power transmission. HVDC power transmission technology is rapidly evolving, enabling the transfer of electrical power from offshore power generation sites to the mainland. This technology is particularly beneficial for integrating renewable energy sources and reducing dissipative losses in submarine cable systems. Thus, the growing number of projects based on HVDC power transmission technology is likely to create new opportunities in the submarine cable systems market during the forecast period.
Europe Submarine Cable Systems Market Overview
The Europe submarine cable systems market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The increasing adoption of mobile devices and cloud-based services in Europe has led to a surge in data consumption. This, in turn, has created a need for robust and high-capacity communication networks. Submarine cable systems play a crucial role in meeting this demand by providing reliable and high-speed connectivity between different European countries and regions. Moreover, Europe has witnessed a significant boost in data center activities, driven by the growing demand for big data analytics, cloud computing, and digital services. Data centers require efficient and secure connectivity to ensure seamless data transfer and access. Submarine cable systems enable the interconnection of data centers across different countries, facilitating the efficient transfer of data and supporting the growth of the digital economy. Europe is a hub for international trade and collaboration, with businesses and organizations requiring reliable and efficient communication infrastructure. Submarine cable systems facilitate seamless communication and data transfer between European countries and their global partners, supporting international trade, research collaborations, and multinational operations.
Europe Submarine Cable Systems Market Revenue and Forecast to 2030 (US$ Million)
Europe Submarine Cable Systems Market Segmentation
The Europe submarine cable systems market is categorized into services, cable capacity, application, type, and country.
Based on services, the Europe submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held a larger market share in 2022.
In terms of cable capacity, the Europe submarine cable systems market is segmented into less than 10 Tb/S, 10-20 Tb/S, 20-30 Tb/S, and more than 30 Tb/S. The 20-30 Tb/S segment held the largest share of Europe submarine cable systems market in 2022.
By application, the Europe submarine cable systems market is bifurcated into communication and energy & power. The communication segment held a larger share of Europe submarine cable systems market in 2022.
Based on type, the Europe submarine cable systems market is bifurcated into single core and multi-core. The single core segment held a larger share of Europe submarine cable systems market in 2022.
By country, the Europe submarine cable systems market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The UK dominated the Europe submarine cable systems market share in 2022.
Sumitomo Electric Industries Ltd; SubCom, LLC; Prysmian SpA; Alcatel Submarine Networks; Nexans SA; NEC Corp; Mitsubishi Electric Corp; Fujitsu Ltd; Vodafone Group Plc; and HMN Technologies Co., Ltd. are some of the leading companies operating in the Europe submarine cable systems market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Submarine Cable Systems Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 Component Providers:
- 4.2.2 Manufacturers:
- 4.2.3 Distributors or Suppliers:
- 4.2.4 End User:
- 4.3 Submarine Cable System (List of Projects)
- 4.4 Submarine Cable System Market: Pricing Analysis
5. Europe Submarine Cable Systems Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Data Traffic
- 5.1.2 Surge in Investment in Offshore Wind Power Generation
- 5.1.3 Need for Reduced Latency and Reaction Time
- 5.2 Market Restraints
- 5.2.1 High Initial Investment and Deployment Costs
- 5.2.2 Damage Due to Vulnerable Climatic Conditions
- 5.3 Market Opportunities
- 5.3.1 Growing Number of Projects Based on HVDC Power Transmission Technology
- 5.4 Future Trends
- 5.4.1 Rise in Adoption of Cloud-based Services
- 5.5 Impact of Drivers and Restraints:
6. Submarine Cable Systems Market - Europe Market Analysis
- 6.1 Overview
- 6.2 Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
- 6.3 Submarine Cable Systems Market Forecast Analysis
7. Europe Submarine Cable Systems Market Analysis - by Services
- 7.1 Installation Services
- 7.1.1 Overview
- 7.1.2 Installation Services: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 7.2 Maintenance and Upgradation
- 7.2.1 Overview
- 7.2.2 Maintenance and Upgradation: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Submarine Cable Systems Market Analysis - by Cable Capacity
- 8.1 Less than 10 Tb/S
- 8.1.1 Overview
- 8.1.2 Less than 10 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 8.2 10 - 20 Tb/S
- 8.2.1 Overview
- 8.2.2 10 - 20 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 8.3 20-30 Tb/S
- 8.3.1 Overview
- 8.3.2 20-30 Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 8.4 More than 30Tb/S
- 8.4.1 Overview
- 8.4.2 More than 30Tb/S: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Submarine Cable Systems Market Analysis - by Application
- 9.1 Communication
- 9.1.1 Overview
- 9.1.2 Communication: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 9.2 Energy and Power
- 9.2.1 Overview
- 9.2.2 Energy and Power: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
10. Europe Submarine Cable Systems Market Analysis - by Type
- 10.1 Single Core
- 10.1.1 Overview
- 10.1.2 Single Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 10.2 Multi Core
- 10.2.1 Overview
- 10.2.2 Multi Core: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
11. Europe Submarine Cable Systems Market - Country Analysis
- 11.1 Europe Market Overview
- 11.1.1 Europe: Submarine Cable Systems Market, By Key Country - Revenue 2022 (US$ Million)
- 11.1.2 Europe: Submarine Cable Systems Market - Revenue and Forecast Analysis - by Country
- 11.1.2.1 Europe: Submarine Cable Systems Market - Revenue and Forecast Analysis - by Country
- 11.1.2.2 Germany: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.2.1 Germany: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.2.2 Germany: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.2.3 Germany: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.2.4 Germany: Submarine Cable Systems Market Breakdown, by Type
- 11.1.2.3 United Kingdom: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.3.1 United Kingdom: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.3.2 United Kingdom: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.3.3 United Kingdom: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.3.4 United Kingdom: Submarine Cable Systems Market Breakdown, by Type
- 11.1.2.4 France: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.4.1 France: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.4.2 France: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.4.3 France: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.4.4 France: Submarine Cable Systems Market Breakdown, by Type
- 11.1.2.5 Italy: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.5.1 Italy: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.5.2 Italy: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.5.3 Italy: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.5.4 Italy: Submarine Cable Systems Market Breakdown, by Type
- 11.1.2.6 Russian Federation: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.6.1 Russian Federation: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.6.2 Russian Federation: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.6.3 Russian Federation: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.6.4 Russian Federation: Submarine Cable Systems Market Breakdown, by Type
- 11.1.2.7 Rest of Europe: Submarine Cable Systems Market - Revenue and Forecast to 2030 (US$ Million)
- 11.1.2.7.1 Rest of Europe: Submarine Cable Systems Market Breakdown, by Services
- 11.1.2.7.2 Rest of Europe: Submarine Cable Systems Market Breakdown, by Cable Capacity
- 11.1.2.7.3 Rest of Europe: Submarine Cable Systems Market Breakdown, by Application
- 11.1.2.7.4 Rest of Europe: Submarine Cable Systems Market Breakdown, by Type
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
13. Company Profiles
- 13.1 Sumitomo Electric Industries Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 SubCom, LLC
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Prysmian SpA
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Alcatel Submarine Networks
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Nexans SA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 NEC Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Mitsubishi Electric Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 HMN Technologies Co., Ltd.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Fujitsu Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Vodafone Group Plc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Financial Overview
- 13.10.4 SWOT Analysis
- 13.10.5 Key Developments
14. Appendix
- 14.1 Word Index
- 14.2 About the Insight Partners