Press release
Marine Cables and Connector Market Growth Opportunities in Industry by 2025
Cables are insulated wires which have protective casing and are used for conducting electricity or telecommunication signals. Connectors refer to the electrical and electronic devices which connects two data structures together or cables or electrical circuits. Cables in combination with connectors with respect to marine industry together forms a marine cables and connector market.Most of the international data is transmitted by cables called as marine cables. Marine cables are faster and cheaper as compared to satellite communication. Currently, there are around 350 cables present across oceans and seas and coasts down alongside continents.
The total length of the marine cables is around 550,000 miles, buried underwater as deep as of the height of the Mount Everest. Mostly there are two types of marine cables, electrical cables and fiber optic cables.
Marine cables are manufactured to function in extreme temperatures and resistant to parameters such as humidity, salt water, oil, acids and mud, common in almost all marine environments.
These marine cables have to follow certain standards such as British Standards, International standards and Norwegian standard and also certifications from American Bureau of Shipping, Germany’s Det Norske Veritas and Lloyd’s Register of Shipping.
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Recently telecommunication industry has been a focused point for the tremendous growth and innovation. Telecommunication industry have to serve multiple internet service providers, including telephone companies, wireless carriers, cable system operators and satellite operators. Due to this demand more bandwidth is required.
Also because of the increasing number of web services, the demand for marine cables and connector is rising. In coming years, marine cables are required to set around the world in the areas where cables are already present, and in the areas which have never been attempted before.
One of the major restraining factor for the marine cables and connecters are the corrosion and abrasion and also the cost of maintenance and repairing is very high.
However, use of high quality string connectors like Dynacon Geo connectors, which ensures a good connection even when the connector gets wet and MP-16 connector, which offers the opportunity to parallel geophone strings making larger arrays, strengthens the marine cable and connector market. Other factor restraining the marine cable and connector is the natural disasters such as earthquake and Tusnami waves.
Marine cables and connector market is segmented on the basis of type, underwater depth, end use industry, and geography. On the basis of type, marine cables can be segmented into electrical cables and fiber optic cables. Marine connectors market is further segmented into wet mate, dry mate, splash mate, and underwater mate.
Based on the underwater depth of the market is segmented into beach joint 1 (>600 m), joint 2 (601 - 2000 m), burial (2001 – 4000 m), and freelay (40001-8000 m). While considering the segmentation by end use industry marine cables and connector market can be segmented as oil and gas, defense and military, research and development, telecommunication and others.
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Marine cables and connector market is segmented on the basis of geography into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to have a significant share in marine cables and connectors due to the increasing demand for high speed networks.
Some of the major players in global marine cables and connector market are Teledyne Marine, Eaton Corporation, Sea and land technologies Pte Ltd, Huawei Marine Networks Co., Limited, TE Connectivity Corporation, Fujitsu Ltd., General Cable Corporation, Axon’ Cable SAS, OCC Corporation, and Amphenol Corporation among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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