Europe Submarine Cable Systems Market Forecast to 2030

At 9.9% CAGR, Europe Submarine Cable Systems Market is Speculated to be Worth US$ 4,301.04 Million by 2030, says the Research Team

According to the Research Team’ research, 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, registering a CAGR of 9.9% from 2022 to 2030. Rise in data traffic, surge in investment in offshore wind power generation and need for reduced latency and reaction time are among the critical factors attributed to drive the Europe submarine cable systems market growth.

Submarine cables were primarily used to transmit power from traditional sources, such as coal plants, across countries, islands, or on oil stages. After witnessing a collapse in the undersea cable business during the 19th century, the business gained traction in the 2000s when high energy costs and an increase in concerns about climate change led to a surge in investments in offshore wind power generation. Investments in offshore wind power generation have also been increasing due to the need to transition to cleaner and more sustainable energy sources. This resulted in a rise in the development of efficient power systems. Offshore wind power offers several advantages over onshore wind power, including higher capacity factors due to more consistent and stronger winds found offshore. This makes offshore wind farms more efficient in terms of power generation. This surge in investments is expected to continue as the implementation of the Inflation Reduction Act (IRA) drives alternative uses of offshore wind power. Submarine power cables are used for long-distance power transmission from offshore wind farms to onshore grids, leading to the integration of renewable energy sources into the existing power grid and enabling the efficient distribution of renewable energy. Thus, the surge in investments in offshore wind power generation fuels the market growth.

On the contrary, high initial investment and deployment costs and damage due to vulnerable climatic conditions hampers the growth of Europe submarine cable systems market.

Based on services, the Europe submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held 84.4% market share in 2022, amassing US$ 1,711.64 million. It is projected to garner US$ 3,444.22 million by 2030 to register 9.1% CAGR during 2022-2030.

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 45.4% share of Europe submarine cable systems market in 2022, amassing US$ 920.47 million. It is anticipated to garner US$ 1,987.51 million by 2030 to expand at 10.1% CAGR during 2022-2030.

By application, the Europe submarine cable systems market is bifurcated into communication and energy & power. The communication segment held 83.0% share of Europe submarine cable systems market in 2022, amassing US$ 1,682.70 million. It is projected to garner US$ 3,474.87 million by 2030 to expand at 9.5% CAGR from 2022 to 2030.

Based on type, the Europe submarine cable systems market is bifurcated into single core and multi-core. The single core segment held 56.0% share of Europe submarine cable systems market in 2022, amassing US$ 1,135.98 million. It is predicted to garner US$ 2,283.68 million by 2030 to expand at 9.1% CAGR between 2022 and 2030.

Based on country, the Europe submarine cable systems market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 23.1% share of Europe submarine cable systems market in 2022. It was assessed at US$ 467.78 million in 2022 and is likely to hit US$ 952.25 million by 2030, registering a CAGR of 9.3% during 2022-2030.

Key players operating in the Europe submarine cable systems market are 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. among others.

In November-2022, Sumitomo Electric Industries, Ltd. was awarded a contract from the Prysmian Group to supply 150 km of HVDC submarine cable for NeuConnect Interconnector, a 1.4 GW power interconnection project between the UK and Germany.

In September-2022, Sumitomo Electric Industries, Ltd. announced that its 525 kV cross-linked polyethylene (XLPE)-insulated high-voltage direct current (HVDC) submarine cable system was tested in accordance with the international standard CIGRE-TB496 and that a third-party certification body approved the completion of the test.

In October-2021, NEC Corporation and Sumitomo Electric Industries, Ltd. announced that they completed the first trial of uncoupled (1) 4-core submarine fiber cable (2) and verified its transmission performance to meet the exacting demands of global telecommunications networks.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe submarine cable systems market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe submarine cable systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe submarine cable systems market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams 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 the Reporting Teams

LIST OF TABLES

Table 1. Submarine Cable Systems Market segmentation
Table 2. List of Vendors in the Value Chain:
Table 3. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 5. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Cable Capacity
Table 6. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 7. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 8. Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. Germany: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 10. Germany: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 11. Germany: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 12. Germany: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 13. United Kingdom: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 14. United Kingdom: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 15. United Kingdom: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. United Kingdom: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 17. France: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 18. France: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 19. France: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 20. France: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 21. Italy: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 22. Italy: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 23. Italy: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 24. Italy: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 25. Russian Federation: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 26. Russian Federation: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 27. Russian Federation: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 28. Russian Federation: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 29. Rest of Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 30. Rest of Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 31. Rest of Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 32. Rest of Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 33. List of Abbreviation

LIST OF FIGURES

Figure 1. Submarine Cable Systems Market segmentation, by Country
Figure 2. Ecosystem: Submarine Cable Systems Market
Figure 3. Submarine Cable Systems Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
Figure 6. Submarine Cable Systems Market Share (%) – by Services (2022 and 2030)
Figure 7. Installation Services: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Maintenance and Upgradation: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Submarine Cable Systems Market Share (%) – by Cable Capacity (2022 and 2030)
Figure 10. Less than 10 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. 10 – 20 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. 20 – 30 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. More than 30Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Submarine Cable Systems Market Share (%) – by Application (2022 and 2030)
Figure 15. Communication: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Energy and Power: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Submarine Cable Systems Market Share (%) – by Type (2022 and 2030)
Figure 18. Single Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Multi Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Europe: Submarine Cable Systems Market, By Key Country – Revenue 2022 (US$ Million)
Figure 21. Europe: Submarine Cable Systems Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Germany: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. United Kingdom: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. France: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Italy: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Russian Federation: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Rest of Europe: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)