PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1391987
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1391987
Cable Laying Vessel Market, By Type, By Power Rating, By Depth Rating, By Length, By Application, By Geography
The global cable laying vessel market size is estimated to be valued at US$ 5.16 billion in 2023 and is expected to reach US$ 8.56 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 5.16 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 7.50% | 2030 Value Projection: | US$ 8.56 Bn |
Cable laying vessels play a crucial role in the installation of submarine cables for power transmission and telecommunications. These specialized vessels are equipped with cutting-edge technology and equipment to ensure the safe and efficient laying of cables on the ocean floor. With the increasing demand for renewable energy and advancements in telecommunication networks, the global cable laying vessel market is witnessing significant growth.
These vessels offer a cost-effective solution for cable laying operations, reducing the overall project duration and minimizing the risk of damage to the cables.
Market Dynamics:
The global cable laying vessel market growth is driven by various factors that are shaping its growth trajectory. One of the key drivers is the increasing demand for renewable energy sources, particularly offshore wind farms. As governments worldwide focus on reducing their carbon footprint, the installation of offshore wind farms has gained momentum. Cable laying vessels are essential for connecting these wind farms to the power grid, driving the demand for such vessels.
Another significant driver is the expansion of oil and gas exploration activities in offshore regions. Cable Laying Vessels are crucial for laying interfield and export cables in offshore oil and gas projects, facilitating the transmission of energy resources. The exploration and production companies are increasingly relying on these vessels for efficient and cost-effective cable laying operations.
In terms of restraints, one of the key challenges faced by the global cable laying vessel market is the high cost of acquisition and maintenance. These vessels require sophisticated equipment and specialized crews, making them capital-intensive assets. Additionally, the complex regulatory environment in offshore operations and the environmental considerations pose challenges for the market growth.
However, there are also several opportunities in the global cable laying vessel market. The development of advanced cable laying technologies, such as remote-operated vehicles and automated systems, has the potential to improve efficiency and reduce costs. Furthermore, the integration of digitalization and data analytics in cable laying operations can enhance project planning and execution.
Key features of the study:
- This report provides an in-depth analysis of the global cable laying vessel market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- Key companies covered as a part of this study include Nexans, Prysmian Group, NKT, LS Cable & System, ZTT, TF Kable, Fujikura, JDR Cable Systems, Apar Industries, Tratos, Hengtong Group, Sumitomo Electric Industries, KEI Industries, Taihan Electric Wire, Universal Cables Ltd, Sterlite Technologies, RPG Cables, Hitachi Metals, Zhongtian Technology Submarine Cable, and Orient Cable
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global cable laying vessel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cable laying vessel market
Global Cable Laying Vessel Market Segmentation:
- By Type
- Power Cable Laying Vessel
- Umbilical Cable Laying Vessel
- Other
- By Power Rating
- Up to 1000 HP
- 1000-2000 HP
- 2000-5000 HP
- Above 5000 HP
- By Depth Rating
- Shallow Water
- Deepwater
- Ultra-Deepwater
- By Length
- Below 50 m
- 50-150 m
- Above 150 m
- By Application
- Offshore Wind Power Grid Connection
- Offshore Oil and Gas Production Facilities
- Island Interconnection
- Offshore Platforms
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top Companies in Global Cable Laying Vessel market
- Nexans
- Prysmian Group
- NKT
- LS Cable & System
- ZTT
- TF Kable
- Fujikura
- JDR Cable Systems
- Apar Industries
- Tratos
- Hengtong Group
- Sumitomo Electric Industries
- KEI Industries
- Taihan Electric Wire
- Universal Cables Ltd
- Sterlite Technologies
- RPG Cables
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Cable Laying Vessel Market, By Type
- Global Cable Laying Vessel Market, By Power Rating
- Global Cable Laying Vessel Market, By Depth Rating
- Global Cable Laying Vessel Market, By Length
- Global Cable Laying Vessel Market, By Application
- Global Cable Laying Vessel Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Expanding offshore renewable energy projects
- Rising offshore oil and gas exploration and production
- Investments in offshore power grid networks
- Upgrades to aging subsea infrastructure
- Restraints
- High costs of cable laying vessels
- Logistical complexities
- Shortage of skilled workforce
- Opportunities
- Offshore renewable energy targets in Asia Pacific
- Emergence of hybrid power systems
- Advancements in cable laying vessel capabilities
- Offshore wind project expansion in Europe
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Cable Laying Vessel Market- Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Cable Laying Vessel Market, By Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Power Cable Laying Vessel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Umbilical Cable Laying Vessel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
6. Global Cable Laying Vessel Market, By Power Rating, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Up to 1000 HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- 1000-2000 HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- 2000-5000 HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Above 5000 HP
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
7. Global Cable Laying Vessel Market, By Depth Rating, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Shallow Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Deepwater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Ultra-Deepwater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
8. Global Cable Laying Vessel Market, By Length, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Below 50 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- 50-150 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Above 150 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
9. Global Cable Laying Vessel Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Offshore Wind Power Grid Connection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Offshore Oil and Gas Production Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Island Interconnection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Offshore Platforms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
10. Global Cable Laying Vessel Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Depth Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Length, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Depth Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Length, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Depth Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Length, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Depth Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Length, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Depth Rating, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Length, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- GCC Countries
- South Africa
- Rest of Middle East and Africa
11. Competitive Landscape
- Nexans
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Prysmian Group
- NKT
- LS Cable & System
- ZTT
- TF Kable
- Fujikura
- JDR Cable Systems
- Apar Industries
- Tratos
- Hengtong Group
- Sumitomo Electric Industries
- KEI Industries
- Taihan Electric Wire
- Universal Cables Ltd
- Sterlite Technologies
- RPG Cables
- Analyst Views
12. Section
- Research Methodology
- About us
