Cable Laying Vessel Has Huge Potential In Connecting the Whole World With the Internet and Cable. North America to Witness the Highest Growth.
- Himanshu Patni
- February 21, 2022
- AUTOMOTIVE, NEWS
- Cable Laying Vessel Market, Cable Laying Vessel Market growth, Cable Laying Vessel Market share, Cable Laying Vessel Market size
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Cable Laying Vessel market is expected to exceed the market valuation of more than US$ XX billion by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). Deep on the ocean floor there are communication cables made to carry signals from one land to another. The first undersea communications cables, laid in the 1850s, carried telegraphy. Now these cables carry phone and Internet traffic. Yet, they remain relatively hidden in the depths of the ocean. Cables are small: deep-ocean types, without protective armour, are typically 17-20 mm diameter – the size of a garden hose or beer bottle cap. Armoured fibre-optic cables may reach 50 mm diameter. In contrast, submarine oil/gas pipes can reach 900 mm diameter, and fishing trawls typically range over 5,000 – 50,000 mm wide. One of the longest cable systems is the South East Asia – Middle East – West Europe 3 system (SE-ME-WE-3), with a total installed length (including branches) of almost 40,000 km
Key reason for the growth of the market is Eco-friendly cable laying vessels are transforming. Fincantieri Norwegian subsidiary Vard – one of the major global shipbuilders of specialized vessels, has entered an agreement for the design and construction of eco-friendly cable laying vessel with Dutch company Van Oord – a specialist in the offshore industry. Rapidly growing offshore wind farm activities are driving the growth of the cable laying vessel market. Manufacturers are increasing their focus to develop specialized, high performance vessels in order to withstand demanding environmental conditions. Engineers are increasing R&D to develop vessels that lead to reduced carbon footprint during operations and port mooring.
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Globally, cable factories have been running at maximum capacity to meet the requirements for dozens of new cables under construction around the world. The closure of two factories—and potentially others because of the Covid-19 pandemic—will not immediately have negative repercussions on global connectivity, but it will push back the deployment of new systems. Delays in permits were already an issue facing the industry prior to COVID-19. With the importance of connectivity at its pinnacle, it is more vital than ever for governments to expedite permits to ensure swift repairs. All this is expected to quickly recover when the pandemic ends and grow the cable laying vessels market.
Based on Capacity, the Cable Laying Vessel Market is segmented into Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, and Above 7000 Tons. This segment is the most popular as most 5000-7000 tons capacity vessels can lay a large amount of cable at a good speed and with high efficiency and due to high capacity they can carry good quality cables as well. For example, The Ndurance has a 5,000-ton capacity turntable for worldwide cable-laying activities.
For a detailed analysis of the Water Depth in the Cable Laying Vessel Market browse through – https://univdatos.com/report/cable-laying-vessel-market/
Based on Water Depth, the Cable Laying Vessels Market is segmented into Shallow Water and Deep Water. Installing a submarine transmission cable is a costly and challenging activity. The lifetime of a submarine cable might be tens of years and the technical interventions for its repairing in case of faults are also costly and difficult. Therefore, the cable route must be carefully surveyed and selected in order to minimize the environmental impact and maximize the cable protection. For shallow waters divers might be employed to assist the installation whereas for deep water ROVs are manipulated.
Based on Vessel Type, the Cable Laying Vessel Market is segmented into Cable Laying and Cable Repairing. The first step in repairing an underwater cable that can be thousands of miles long is figuring out where the damage is located. The general location is found by internet and phone outages, or in the case of electrical cable, the power outage. Data cables are fiber optic, so a light pulse is sent through the cable that would normally go all the way to the other side. Broken fibers bounce the light pulse back, and engineers can measure the time it takes the pulse to return to find the specific location of the break.
Based on End-User, the Cable Laying Vessel Market is segmented into Offshore Oil & Gas, Offshore Wind Farms, Telecom, and Others. As of 2021, we believe there are over 1.3 million kilometers of submarine cables in service globally. Some cables are quite short, like the 131 kilometer CeltixConnect cable between Ireland the United Kingdom. In contrast, others are incredibly long, such as the 20,000 kilometer Asia America Gateway cable.
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Additionally, the report provides detailed initiatives that are being taken in the field of Cable Laying Vessel globally. The report provides a detailed analysis of regions including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America dominated the market in 2020, with XX% share.
Van Oord, Prysmian Group, NEXANS, NKT A/S, Royal Boskalis Westminster N.V., DEEPOCEAN, Royal IHC, Damen Shipyards Group, ASEAN Cableship Pte Ltd., and Seaway 7 are some of the prominent players operating in the Cable Laying Vessel market. Several M&As along with partnerships have been undertaken by these players to make Cable Laying Vessel as cost-effective and as widely available as possible.
Cable Laying Vessel Market Segmentation
Market Insight, by Capacity
- Below 1000 Tons
- 1000 – 3000 Tons
- 3001 – 5000 Tons
- 5001 – 7000 Tons
- Above 7000 Tons
Market Insight, by Water Depth
- Shallow Water
- Deep Water
Market Insight, by Vessel Type
- Cable Laying
- Cable Repairing
Market Insight, by End-User
- Offshore Oil & Gas
- Offshore Wind Farms
Market Insight, by Region
- NORTH AMERICA CABLE LAYING VESSEL
- United States
- Rest of North America
- EUROPE CABLE LAYING VESSEL
- United Kingdom
- Rest of Europe
- ASIA-PACIFIC CABLE LAYING VESSEL
- Rest of Asia-Pacific
- REST OF THE WORLD CABLE LAYING VESSEL
Top Company Profiles
- Van Oord
- Prysmian Group
- NKT A/S
- Royal Boskalis Westminster N.V.
- Royal IHC
- Damen Shipyards Group
- ASEAN Cableship Pte Ltd.
- Seaway 7