Report ID: SQMIG25F2002
Report ID:
SQMIG25F2002 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
195 |
Figures:
80
The Asia Pacific region accounts for a dominant share of the global submarine cable market share owing to the surging demand for high-speed internet and increasing investments of tech companies in this region. Surging deployment of offshore wind farms in this region is also projected to contribute to the growing demand for submarine cables in this region. China, India, and Japan are estimated to be the top markets in this region for submarine cable companies across the forecast period.
Europe is projected to emerge as one of the most prominent regions for submarine cable suppliers owing to the establishment of new data centers in this region. Growing adoption of renewable energy is enabling the demand for different offshore energy projects, which in turn, are forecasted to uplift sales of submarine cable for power transmission applications in the long run. Rising investments in the expansion of subsea power transmission networks and growing demand for high bandwidth internet are also predicted to create an opportune scenario for submarine cable vendors in Europe.
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Report ID: SQMIG25F2002