Global Submarine Cables Market Set to Surge to $44.33 Billion by 2030, Driven by Offshore Wind Farms and High-Capacity Communication Needs - ResearchAndMarkets.com
The "Submarine Cables Market Size, Share & Trends Analysis Report By Application (Submarine Power Cables, Submarine Communication Cables), By Voltage, By End-user, By Offerings, By Component, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
- The "Submarine Cables Market Size, Share & Trends Analysis Report By Application (Submarine Power Cables, Submarine Communication Cables), By Voltage, By End-user, By Offerings, By Component, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
- One of the primary drivers of market expansion is the heightened investment by Over-the-Top (OTT) companies in deploying high-capacity communication systems.
- Governments worldwide are committed to boosting electricity generation from non-fossil fuel-based sources, further underscoring the importance of submarine cables.
- As countries worldwide transition towards cleaner energy mixes, the integration of offshore wind power into onshore grid infrastructure becomes paramount.