About Marine & Offshore Cables
Marine and Offshore Cables is a transmission cable which is been used for carrying electric power below the surface of the water. They are called marine and offshore cable because they usually carry electric power beneath of the saltwater and even it is also possible to use such cable beneath of the freshwater. Such cables are used in the application of power and communication and have various end-users. Due to growing marine and offshore activity, there is a rising demand for marine and offshore cable, also acceptance of innovation is further trending in the market. While some of the factors like high cost and maintenance are restraining the growth of a market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
KEI Industries Limited (India), TKF (Netherlands), Eland Cables (United Kingdom), Anixter (United States), Draka (Netherlands), TFKABLE (Poland), Helkama Bica (Finland), Caledonian Cables (United Kingdom), Wacker Chemie AG (Germany) and General Cable (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are BATT Cables, Firstflex, Cleveland Cable, GAON CABLE and Nexans.
Segmentation Overview
AMA Research has segmented the market of Global Marine & Offshore Cables market by Type (Tape and Wire), Application (Power and Communication) and Region.
On the basis of geography, the market of Marine & Offshore Cables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Marine Cables will boost the Marine & Offshore Cables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Infrastructure Construction will boost the Marine & Offshore Cables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Acceptance of Innovative Demand for Marine & Offshore Cables
Market Growth Drivers:
Growing Marine & Offshore market, Rising Demand for Power Transmission and Connectivity, Rising Projects in Marine & Offshore and Rapid Urbanization and Industrialization Boost the Global Marine & Offshore Cables Market.
Challenges:
External Impacts Caused by the Marine and Offshore Environment and Due to Fishing and Shipping in Water and Concerns Related to Safety and Fluctuating Cable Prices
Restraints:
High Cost and Maintenance for Marine & Offshore Cables and Accidents in Marine & Offshore Involving Cable Failure
Opportunities:
Growing Demand for Marine & Offshore Discoveries in the Emerging Nation and Increase in the Marine & Offshore Spending by the Government
Market Leaders and their expansionary development strategies
In January 2023, Panduit Corp., a global leader in innovative electrical and network infrastructure solutions has acquired the subsea cable and pipe protection product portfolio and related technologies from South Korea marine manufacturer DongWon EN-Tec Co., Ltd. (DWE). The product portfolio includes URAPROTECT®, a polyurethane submarine cable and pipe protector solution, bend stiffeners and restrictors, and J-Tube seals for wind turbine applications.
In November 2023, Shawflex has launched its latest product development. The two new cables meet the needs of even the most challenging and extreme conditions in both sea vessels and offshore units. From shipboard control systems to offshore platforms, these cables ensure safety, reliability, and compliance, making them the preferred solution for marine applications worldwide.
Key Target Audience
Marine & Offshore Cables Manufacturers, Marine & Offshore Cables Distributors, Marine & Offshore Cables Retailers, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.