Press release
Shipboard Cables Global Market By Type, By Component, By Application, By Voltage, By End-User And Regional Forecast 2023-2032 | Eaton Corporation, Fujitsu Limited, Belden, SAB Cable, FSC Global
As per the shipboard cables market report by The Business Research Company, the increase and the expansion of offshore oil & gas plants are driving the shipboard cables market. The expansion of offshore oil & gas plants includes electrification of offshore oil and gas platforms which involves the use of efficient shipboard cables to connect oil platforms to mainland power grids.
The global shipboard cables market will grow from $2.4 billion in 2022 to $2.53 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global shipboard cables market is expected to grow to $3.76 billion in 2027 at a CAGR of 10.4%.
Read More On The Shipboard Cables Market Report Here:
https://www.thebusinessresearchcompany.com/report/shipboard-cables-global-market-report
Major competitors in the shipboard cables market include Eaton Corporation, Fujitsu Limited, Belden, SAB Cable, FSC Global, Belcom Cables Ltd., Leoni AG, Eland Cables, Nuhas Oman, and Cable Source Pte Ltd.
The shipboard cables market is segmented -
• By Type: Fiber-optic Cables, Electric Cables
• By Voltage: Medium Voltage Cable, Low Voltage Cable
• By Applications: Marine And Offshore, Oil & Gas And Petrochemical, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the shipboard cables market.
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Shipboard cables are defined as cables used for electrical installations in ships and offshore platforms for the transfer of electric power to electric panels for lighting, control circuits, and the transmission of vital instrumentation signals. They are fire-resistant, flame retardant, low smoke & halogen-free cables.
The Table Of Content For The Shipboard Cables Market Include:
1. Executive Summary
2. Shipboard Cables Market Characteristics
3. Shipboard Cables Market - Macro Economic Scenario
4. Shipboard Cables Market Size And Growth
5. Shipboard Cables Market Segmentation
.....
26. Shipboard Cables Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Shipboard Cables Market
28. Shipboard Cables Market Trends And Strategies
29. Shipboard Cables Market Future Outlook and Potential Analysis
30. Appendix
The "Global Shipboard Cables Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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