Quick Summary:
In the rapidly expanding Marine Cables and Connectors industry, staying abreast of the latest trends, technological advancements, and fruitful investment avenues is integral to sustained business growth. Our comprehensive market research report, projecting the global market to reach a significant value of US$28.9 Billion by 2030, proves crucial. This industry though reasonably resilient, revealed unexpected dimensions and potentials during the ongoing post-pandemic recovery.
In the global economic framework, the United States and China emerge as influential players, with the former’s market estimated at an impressive US$5.9 Billion in 2022, and the latter projecting significant growth at 4.3% CAGR by 2030. Our report provides extensive insights into these markets, along with key geographic territories like Japan, Canada, and Germany. It also offers a deep dive into the competitive landscape, featuring an analysis of more than 25 top players. In addition, take advantage of our year-long complimentary updates and gain unrestricted access to our exclusive research platform and digital archives.
Global Marine Cables and Connectors Market to Reach $28.9 Billion by 2030
The global market for Marine Cables and Connectors estimated at US$20.2 Billion in the year 2022, is projected to reach a revised size of US$28.9 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Cable, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$20.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Connector segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.9 Billion, While China is Forecast to Grow at 4.3% CAGR
The Marine Cables and Connectors market in the U.S. is estimated at US$5.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.Select Competitors (Total 26 Featured) -
- Eaton Corporation PLC
- Fujitsu Ltd.
- General Cable Corporation
- Huawei Marine Networks Co., Ltd.
- Molex LLC
- Samco Inc.
- Scorpion Oceanics Limited
- TE Connectivity Ltd.
- Teledyne Technologies Incorporated
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Marine Cables and Connectors?
What is the growth rate of the Global Market for Marine Cables and Connectors?
What is the forecasted size of the Global Market for Marine Cables and Connectors?
Who are the key companies in the Global Market for Marine Cables and Connectors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 213 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20.2 Billion |
| Forecasted Market Value ( USD | $ 28.9 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Eaton Corporation PLC
- Fujitsu Ltd.
- General Cable Corporation
- Huawei Marine Networks Co., Ltd.
- Molex LLC
- Samco Inc.
- Scorpion Oceanics Limited
- TE Connectivity Ltd.
- Teledyne Technologies Incorporated
