Submarine Cable Systems Industry
                     Submarine Cable Systems Industry worth USD 33.75 billion in 2030 
The report "Submarine Cable Systems Industry by Cable Type (Communication Cable, Power 
Cable), Component (Dry Plant Product, Wet Plant Product), Insulation (Cross-linked 
Polyethylene, Oil-Impregnated Paper) and Type (Single Core, Multicore) - Global Forecast to 
2030" The global submarine cable systems market is anticipated to grow from USD 19.95 billion 
in 2025 to USD 33.75 billion in 2030, at a compound annual growth rate (CAGR) of 11.1%. Most 
global internet traffic depends on submarine cables, and almost everyone relies on the internet 
for day-to-day activities. The world is connected through the Internet; thus, global traffic is 
increasing every other day. About half of the global internet traffic comes from Asia Pacific, 
which, in turn, is driving the demand for submarine communication cables. Additionally, the 
increasing global demand for renewable energy, particularly offshore wind farms, is a key driver 
of the submarine cable system market, necessitating extensive power cable networks for 
efficient energy transmission. 
Single Core Segment to Hold Largest Market Share in 2025 
Single core submarine power cables constitute multiconductor systems consisting of 
conductors, insulations, and lead or aluminum sheaths with a single propagation mode to 
prevent moisture ingress in them. Single core features a higher bandwidth than multicore 
cables and, hence, a high data transmission rate. These cables are suitable for covering longer 
lengths as they experience lower reverse currents than multicore cables. The high value of the 
segment is also attributed to the high cost of installation, connectors, and systems. 
High-Voltage Segment to Exhibit Highest CAGR Between 2025 and 2030 
Submarine power cables with a voltage above 33 kV are considered high-voltage cables. These 
cables enable the integration of renewable energy into the existing grid and the extension of 
the system to single points, such as offshore wind farms or oil & gas plants. High-voltage 
submarine power cables comprise conductors and insulation layers. These are usually 3-core 
armored cables with copper or aluminum conductors. XLPE is the most widely used insulation 
for high-voltage submarine power cables owing to its higher current rating than polyvinyl 
chloride (PVC). These cables enable efficient power transmission owing to their low 
transmission losses. The increasing requirement for interconnecting lands and the growing 
demand for power generation from offshore plants using renewable sources have led to the 
growth of the global high-voltage submarine power cable market. 
Europe to Capture Largest Market Share in 2025 
Europe is anticipated to dominate a significant portion of the submarine power cables market 
in 2025. With the European Union (EU) targeting a minimum renewable energy in the overall 
energy mix by 2030, the region is transitioning from fossil fuels to renewable sources, such as 
hydropower, solar energy, wind power, and biofuels, driving substantial demand for submarine 
cable systems. Furthermore, Europe hosts numerous offshore oil & gas projects, notably in the 
UK, Norway, the Netherlands, Italy, and Denmark. These projects, including Ekofisk (Norway), 
Montrose (UK), Forties (UK), Eldfisk (Norway), Dan (Denmark), Brent (Norway), Frigg (UK), Beryl 
(UK), Sleipner (Norway), and Statford (Norway), are actively engaged in exploration and 
production activities, attracting fresh investments in the offshore oil & gas sector and 
subsequently fueling demand for submarine power cables in the region. Germany and the UK 
are poised for rapid growth during the forecast period. 
Download PDF Brochure @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184625  
Major companies operating in the submarine cable systems market are Alcatel Submarine 
Networks (France), Prysmian S.p.A (Italy), SubCom, LLC  (US), NEC Corporation (Japan), and 
Nexans (France).