Modular Smart Cable Laying Machines Market Trends: the market reach US$1.907 Billion by 2031 at 11.4% CAGR

The global market for Modular Smart Cable Laying Machines is scaling rapidly on the back of offshore wind build-outs, HVDC interconnectors, and hyperscale subsea data routes. According to the "Modular Smart Cable Laying Machines - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" from QYResearch, the market was valued at US$ 896 million in 2024 and is projected to reach US$ 1,907 million by 2031 at a CAGR of 11.4% (2025-2031). In 2024, global output reached ~0.28 million units across a spectrum of equipment (from modular deck spreads and tensioners to integrated systems), with an average price of ~US$ 3,200 per unit.

Beyond the fundamentals, 2024-2025 has brought notable company milestones and tangible technology gains-from Prysmian's newest ultra-capacity cable-laying vessel joining the fleet (2025) to Royal IHC's 2025 contract for a new modular lay system-while developers and grid operators escalate project sizes and technical requirements.

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Latest Data

· Market Size: US$ 896 million (2024) → US$ 1,907 million (2031)

· Growth: CAGR 11.4% (2025-2031)

· Production: ~0.28 million units in 2024

· Avg. Price: ~US$ 3,200 per unit (global average across modular machines/equipment)

· Scope & Use: Modular, intelligently controlled systems for precise, efficient cable laying in land and subsea projects

· Regional Outlook: North America and Asia-Pacific expand through 2031; Europe benefits from HVDC interconnectors and offshore wind hubs

· Competitive Structure: World's top vendors collectively account for a large share of revenues (2024 baseline)

Classification List

· Land Cable Laying Machines

· Subsea Cable Laying Machines

Application List

· Power Transmission Projects

· Subsea Communication Line Construction

· Wind Power and Renewable Energy Projects

· Infrastructure Construction

· Others

Leading Companies

Nexans
Prysmian Group
Siemens Energy
ABB
General Cable
Schneider Electric
Furukawa Electric
LS Cable & System
Sumitomo Electric
NKT
ZTT Group
JDR Cable Systems
Balfour Beatty
Royal IHC
DeepOcean
Saipem
McDermott
TechnipFMC
Boskalis
Jan De Nul
Global Marine Group
STL Tech
Hellenic Cables
TFKable Group
Tratos
Helukabel
Taihan Electric Wire
Orient Cable
Hengtong Group
SubCom

2025 Highlights & "What's New"

· Prysmian: The Monna Lisa cable-laying vessel joined the fleet in February 2025, equipped with two carousels of approximately 7,000 t and 10,000 t and a 171 m hull-expanding ultra-high-capacity installation capability.

· Nexans: Progress on the next-gen cable-layer Nexans Electra continues, featuring a split deck turntable (~10,000 t), under-deck turntable (~3,500 t), and fiber basket (450 t)-a design tuned for multi-product missions. In January 2025, Nexans also secured TenneT's LanWin 2 project (€1 billion) under its 2 GW HVDC framework.

· Jan De Nul: The Fleeming Jenkin and its ordered twin represent a step-change with three carousels and a 28,000-t total cable capacity on a ~215 m platform-purpose-built for long HVDC export runs.

· Royal IHC: In May 2025, Royal IHC won a contract to supply a modular cable lay system to DOF, built in the UK with delivery later this year-underscoring the shift toward containerized, rapidly mobilized lay spreads.

· SubCom: Continues to expand global data connectivity; its Reliance-class and Durable/Endeavour cable ships (DP2/DP capable) carry ~5,200-5,465 MT cable capacities, supporting hyperscale builds such as Google's Nuvem program.

Five Representative Product Profiles

1) Prysmian Group - Monna Lisa (CLV, 2025)

· Length: ~171 m; DP3 dynamic positioning

· Carousels: 10,000 t + 7,000 t

· Use Case: Long single-length HV export runs; concurrent lay/burial capabilities

· 2025 Milestone: Entered Prysmian's active fleet in February 2025

2) Jan De Nul - Fleeming Jenkin (XL CLV)

· Length: ~215 m

· Cable Capacity: ~28,000 t via three carousels

· Operating Envelope: Shallow to ~3,000 m water depths

· Role: Tailored for 2 GW HVDC links and mega-offshore wind projects

3) Nexans - Nexans Electra (newbuild CLV)

· Deck Turntable: ~10,000 t (split)

· Under-Deck Turntable: ~3,500 t; Fiber Basket: ~450 t

· Dimensions & Crew: ~149.9 m length, ~31 m beam, ~90 berths

· Design Focus: High-productivity dual-product missions

4) SubCom - Reliance-class / Durable (CS)

· Length: ~140 m; DP2

· Total Cable Capacity: ~5,465 MT

· Integrated Tools: Seaplow for burial, maintenance ROVs, broadband VSAT

5) Royal IHC - Modular Cable Lay System (for DOF, 2025)

· Modularity: Containerized tracked tensioners, LCEs, HPUs, winches; carousels in ~500-7,000 t+ range

· Smart Control: Siemens PLC/WinCC SCADA, integrated monitoring

· Mob/Demob: Rapid mobilization across different vessels

Verified Downstream Customers

Ørsted
RWE
Vattenfall
Iberdrola
SSE Renewables
Equinor
bp
TenneT
National Grid
50Hertz
Terna
Red Eléctrica (Redeia)
Energinet
Svenska kraftnät
Google

Market Trend

1) Ultra-capacity fleets for 2 GW HVDC era

The addition of Prysmian's Monna Lisa and Jan De Nul's 28,000-t XL CLVs confirms an industry pivot toward larger carousels and fewer in-field splices, improving efficiency for 2 GW HVDC corridors and multi-hundred-kilometer export runs.

2) Offshore wind momentum with policy sensitivity

2024 saw record offshore wind installations, and forecasts indicate sustained growth toward 2030. While policy shifts in key markets create some uncertainty, structural demand for export and inter-array cables remains robust.

3) Hyperscaler-led subsea cable boom

Content providers continue multi-ocean expansion, driving steady utilization of lay vessels and modular burial spreads. Large-scale projects are increasingly focused on route diversity and network resilience.

4) Modularization & rapid mobilization

The industry is adopting containerized, modular spreads to handle short weather windows, cross-theater mobilizations, and reduced capital expenditure per campaign, enabling more flexible vessel deployment.

5) Digitalization of laying & monitoring

Advanced PLC/SCADA control, integrated load/distance sensing, and real-time ROV data loops are reducing error margins in lay tension and burial verification, enhancing quality assurance.

6) Trade policy impacts & localized supply

Recent tariff adjustments are prompting localized manufacturing of key components, encouraging supply chain diversification and reducing import dependency.

7) Multi-year HVDC grid build-out in Europe

Transmission operators are converting large framework agreements into executable projects, ensuring sustained demand for high-capacity CLVs and modular equipment in the region.

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