Home > Semiconductors & Electronics > Sensors > Underwater Connectors Market

Underwater Connectors Market Share

Report ID: GMI4234
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Underwater Connectors Market Share

MacArtney Group and Amphenol Corporation accounted for a significant revenue share in the underwater connectors industry in 2023. MacArtney Group specializes in providing underwater technology solutions, including subsea connectors, cable systems, and instrumentation for marine and offshore industries. MacArtney offers a wide range of underwater connectors and cable systems under its SubConn brand. These solutions are designed to withstand extreme oceanic conditions and are used in various applications such as offshore energy, marine research, and telecommunications.

Amphenol Corporation is one of the largest manufacturers of electrical, electronic, and fiber optic connectors worldwide. Amphenol Corporation promotes corporate responsibility initiatives, focusing on environmental stewardship, workplace safety, and community engagement. The company adheres to stringent quality standards and regulatory requirements, ensuring compliance with industry certifications and customer specifications.

Underwater Connectors Market Companies

Major players operating in the underwater connectors industry are:

Amphenol Corporation
Baker Hughes (GE Company LLC.)
Birns Aquamate LLC.
BIRNS, Inc.
C.R. Encapsulation Limited
Eaton Corporation
Fischer Connectors SA

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Industry size for underwater connectors was worth USD 1.3 billion in 2023 and will register 8% CAGR between 2024 and 2032 due to increasing offshore oil & gas exploration activities and the rising demand for underwater communication systems.

Underwater composite connectors market will register 8% CAGR through 2032, driven by their lightweight, corrosion-resistant properties, and high strength-to-weight ratio, ideal for marine applications.

North America industry held 19% share in 2023, attributed to advanced technology capabilities and substantial investments in underwater infrastructure.

Companies including Amphenol Corporation, Baker Hughes (GE Company LLC.), Birns Aquamate LLC, BIRNS, Inc., C.R. Encapsulation Limited, Eaton Corporation, and Fischer Connectors SA, are operating in the underwater connectors industry.