submarine cable systems market
Submarine Cable Systems Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the submarine cable systems industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected submarine cable systems market growth numbers from 2022-2031.
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The global submarine cable systems market is expected to grow from $14.40 billion in 2021 to $16.15 billion in 2022 at a compound annual growth rate (CAGR) of 12.16%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The submarine cable market is expected to reach $26.10 billion in 2026 at a CAGR of 12.76%.
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https://www.thebusinessresearchcompany.com/report/submarine-cable-systems–global-market-report
The Submarine Cable Systems Global Market Report 2022-31 by The Business Research Company evaluates submarine cable systems market size, growth rate, drivers, submarine cable systems industry trends, and major companies.
The submarine cable systems market segments in the report are:
1) By Component: Wet Plant Products, Dry Plant Products
2) By Type: Multicore, Single Core
3) By Voltage: High Voltage, Medium Voltage
4) By Application: Communication Cables, Power Cables
5) By End-User: Offshore Wind Power Generation, Inter-Country and Island Connection, Offshore Oil and Gas
The table of contents in TBRC’s submarine cable systems market report includes:
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