Submarine Cables Market | Alcatel-Lucent, SubCom & NEC



 The rise in global bandwidth demand, increasing internet connections worldwide, rising new offshore wind capacity additions, and growing need for inter-country and island connections are all factors driving the submarine cable system sector forward. Various governments throughout the world are concentrating on expanding their electricity generation output from renewable energy sources. Offshore wind farms have become an important portion of countries' renewable energy-producing capabilities. During the projected period, rising global investments in the development of offshore wind projects are likely to fuel demand for submarine power cables.

The demand for more bandwidth across APAC is being fueled by rising Internet traffic as a result of an increase in Internet usage. During the projection period, APAC is likely to see an increase in the installation and commissioning of new underwater communication systems. Furthermore, rising Internet penetration in the Middle East and Africa is likely to enhance underwater communication cable installation and commissioning in the coming years. so the demand for submarine cable system market will increase in upcoming years.

The UK is the world's largest offshore wind market, according to the Global Wind Generating Council (GWEC), accounting for 34% of global installed wind energy capacity in 2019. Germany came in second, accounting for 28% of total installed capacity in the same year. In 2019, China accounted for 20% of global offshore wind energy installed capacity. Furthermore, countries such as the United Kingdom, Germany, China, Japan, and Taiwan want to invest heavily in expanding and developing their offshore wind energy industries in their respective regions. These factors are projected to drive up demand for the submarine cable system market for offshore wind energy generation in the coming years.

Trans-Atlantic submarine cable routes are the most competitive in the world. Due to rising bandwidth demands and a growing desire for low latency communication, new undersea communication cable laying projects are being proposed in the Trans-Atlantic region. As a result, businesses are putting money into the region to upgrade current networks and build new infrastructure. OTT providers in the Trans-Atlantic region are continuing to invest in new infrastructure.

The leading companies in the submarine cable system market include Alcatel-Lucent, SubCom, NEC, Prysmian, Nexans, Google, Saudi Ericsson, Hengtong, ZTT, NKT, and JDR Cable.

Comments

Post a Comment

Popular posts from this blog

Quaternary Ammonium Compounds Market to Grow at USD 1.63 billion by 2027: COVID Impact & Post COVID Analysis, Business Opportunities, and Strategies

Image
  By 2027, the global market for Quats (Quaternary Ammonium Compounds) is expected to reach USD 1.63 billion. The market is being driven by the rise in the occurrence of hospital-acquired infections (HAIs) and the implementation of stringent regulations and favorable government initiatives on disinfection and sterilization. Developing economies are expected to give significant opportunities for growth. Fabric softeners, disinfectants, surfactants, antistatic agents, and wood preservation are just a few of the uses for quaternary ammonium compounds. The product's numerous applications are projected to raise demand shortly. Quaternary ammonium compounds are commonly employed as conditioning agents in personal care products, such as skin, textile, and hair softeners. The surfactant industry considers QACs to be the ultimate workhorse. They're on the USEPA's "High Production Volume Chemicals" list. Self-assembly, surface-active properties, detergency, and antibact...
Read more

Butyraldehyde Market Trends, Growth, Demand, opportunities, Scope & Forecast 2027 by CMI

Image
  Buthylaldehyde (also known as butanal) is a 4-carbon aldehyde that is used as a building block in organic syntheses to make various products such as n-butanol, 2-ethyl hexanol, 2-ethyl hexanoic acid, trimethylolpropane, and polyvinyl butyral. Pharmaceuticals, agrochemicals, antioxidants, textile auxiliaries, perfumes, flavors, and many forms of additives are all made with it as an intermediate (fillers, wetting agents, defoaming agents, improvers). Alcohols (mono- and multi-hydroxide), acids, amines, and esters are all made from N-butyraldehyde as a raw material. Rubber accelerators, synthetic resins, plasticizers, solvents, and high molecular weight polymers are the biggest uses of butyraldehyde. All of these buthylaldehyde applications are detailed in this study. Butyraldehyde is widely used as a starting material for the downstream organic synthesis of n-butanol, trimethylolpropane, 2-ethyl hexanoic acid, and polyvinyl butyral. Pharmaceutical intermediates, synthetic resins,...
Read more

Glass Mat Thermoplastic Market : Size, Growth, Regional Analysis, And Market Area

Image
Glass mat thermoplastic is a thermoplastic that can be easily moulded and is used to make a variety of components, primarily in the automotive industry. Because of the longer residual length of the glass strands, glass mat thermoplastic has better mechanical properties than injection moulded reinforced thermoplastic. It is primarily used as a replacement for steel and aluminium. They are available in panel form as well as 3D structural component form. Furthermore, they are a lightweight material with a low relative density, excellent hardness and rigidity at low temperatures, and are chemical and moisture resistant . These are durable materials with ease of recyclability. Furthermore, the demand for the glass mat thermoplastic material from the automobile and aeration industries leads to market growth. When compared to other end-use industries, the automotive application segment is expected to remain the largest. Furthermore, a surge in government initiatives for increased fuel eco...
Read more