 Home > Chemicals Industry > International Chemical > By 2026, the global submarine cable market is expected to exceed $30.8 billion

By 2026, the global submarine cable market is expected to exceed $30.8 billion

 Last Update: 2023-01-02
 Source: Internet
 Author: User

Tags

research chemicals china

water high cohesion

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

According to the latest research report released by Research and Markets, an international market research institution, the compound annual growth rate of the global submarine cable market will reach 13%
from 2019 to 2026.

The report predicts that by 2026, the global submarine cable market demand is expected to reach 30.
86 billion US dollars
.

The report believes that the growing demand for grid capacity, the growth of telecom users, and the growth of Internet traffic are the major factors
contributing to the stable growth of this market.

However, high installation costs and difficulties in operation and maintenance in deep-water areas are also the constraints restraining the development of this market
.

Submarine cables, whether carrying electricity or data, need to be laid with the help of specially modified vessels, and submarine cables need to be extremely corrosion-resistant to withstand harsh environments and pressures
.
For example, submarine cables need to resist corrosion from seawater, as well as marine life such as sharks
.

On a regional basis, Asia Pacific will be the leading regional market for submarine cables during the forecast period, mainly due to significant investments in the offshore wind industry in Asia Pacific and significant growth
in demand for internet traffic.

Submarine cables

The report predicts that by 2026, the global submarine cable market demand is expected to reach 30.
86 billion US dollars
.

The report believes that the growing demand for grid capacity, the growth of telecom users, and the growth of Internet traffic are the major factors
contributing to the stable growth of this market.

However, high installation costs and difficulties in operation and maintenance in deep-water areas are also the constraints restraining the development of this market
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Avobenzone CAS 70356-09-1

CAS No.: 70356-09-1

Pharmaceutical Grade

$100/KG EXW

Bis(2,6-difluoro-3-(1-hydropyrro-1-yl)-phenyl)titanocene 784

CAS No.: 125051-32-3

top

$3.46/KG EXW

hindered amine light stabilizer UV-292

CAS No.: 41556-26-7

$6-7/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.