Submarine Power Cables Market Trends, Size, Analysis and Forecast 2021-2025

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The relevance of submarine power cables
cascades downs to a plethora of leading
industries such as telecommunications,
military, and scientific research. The marine
industry is at the heart of key
advancements in oceanography, exploration
activities, and seabed research. Moreover,
offshore oil production platforms also reply on
the presence of a well-rounded and robust marine
sector. Therefore, submarine power cables that
blow life into the operations of the marine
industry are laid with tremendous resilience and
grit. Several efforts are underway to bring
ashore energy derived from wave and tidal
installations. This is also creating an
indispensable need for submarine power
cables that can transmit electric power. The
startling growth in exploration activities
shall generate a humongous revenue opportunity
across the global submarine power cables market.
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Integration of New Cable Networks with
Existing Architecture to Uphold Industrial
Relevance Submarine cable networks are not
a nascent phenomenon and have been in
existence for over two centuries. The first
submarine cable was laid in 1811 across the Isar
River in Bavaria - this points to the
consequential role of these cables across key
industries. There is a fine network of power
cables laid across marine expanses, some of
them as old as 60 years. Therefore, the
tipping point of advancements in submarine
power cables infrastructure has already been
reached. Companies are now looking at building
new network architectures and integrating them
with the massive expanse of existing
networks. In the context of marine
developments, power cables are expected to
play a vital role in ensuring better
connectivity and communication through various
operational nodes. Submarine Power Cables
Serve Perennial Value to the
Global Telecommunication Industry The emergence
of coherent optical modems has caused a paradigm
shift across the submarine industry. Several of
the leading telecommunication applications pertain
to the use of heavy-lifting submarine cables.
Therefore, submarine power cables
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are growing in popularity and network
density across the marine industry. It is
worthwhile to note that satellite
communication makes limited contribution
towards enhancing global connectivity.
Conversely, a major chunk of data traffic that
enables cloud services and video streaming flows
through submarine cables. In recent years,
the marine industry has felt the need
to upgrade submarine infrastructure in
order to keep up with varying industrial demands.
This factor is playing a dynamic role in
increasing demand for submarine power
cables. Europe to Amass a Massive Share of
Revenues with the Emergence of Key
Renewable Energy Programs The offshore renewable
energy sector is flourishing across several parts
of Europe. This is an important trend that
is expected to accelerate the pace of
deploying submarine power cables in the
region. Moreover, the need to power key
marine operations and offshore oil exploration
activities shall also offer palpable growth
opportunities to the vendors operating in
the European market. Asia Pacific, on
account of the recent swarm in renewable
energy programs, shall also witness fructuous
growth over the years to follow. Some of the
most well-established companies registering
their growth footprint across the global
submarine power cables market are Sumitomo
Electric Industries, Ltd., Prysmian Group, NKT
A/S, Nexans S.A., and Furukawa Electric Co.,
LTD. For More information Visit https//www.fai
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