Press release
Cathodic Protection In West Europe And East Europe Hold Market Shares Of 17.1% And 7.3%, Respectively
The metrics of regions like North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa are the focus of this updated FMI assessment (MEA). Over the course of the forecast period, cathodic protection suppliers are expected to benefit financially from the North American cathodic protection market. This region accounted for 18.2% of the global cathodic protection market's sales revenue in 2022. A key trend in this region is expected to be increased pipeline integration.
The markets for cathodic protection in West Europe and East Europe, which currently have market shares of 17.1% and 7.3%, respectively, are anticipated to have a promising future. Demand in these areas is anticipated to be driven by rising industrial activity and more stringent safety regulations.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6526
Over the forecast period, East Asia and South Asia are expected to be the most lucrative regions for cathodic protection suppliers. Emerging economies like India and China are predicted to have a significant impact on demand in these regions. The demand for anodes for cathodic protection is expected to be greatly boosted by rising infrastructure spending in these regions.
In 2022, the MEA region will account for 9.7% of the global market for cathodic protection. Through 2028, rising urbanisation and infrastructure spending are anticipated to be significant trends in this area.
According to a recent study by Future Market Insights (FMI), the cathodic protection market will witness a robust expansion at nearly 5.6% CAGR through 2028. In addition, the Market is projected to reach a valuation of US$ 7.3 Bn by the end of 2028.
Cathodic protection is a globally used technique to control the corrosion of a metal surface in a harsh environment. Owing to the efficient and reliable corrosion protection technology, the Cathodic protection market is estimated to grow at a significant rate during the forecast period, supported by the increasing demand for corrosion prevention technologies to minimize the direct cost of corrosion.
Cathodic Protection Market: Segmentation Analysis
Cathodic Protection Market Analysis by Solution
By solution, the cathodic protection market has been categorised into products and services. The products segment can be further divided into anodes, power supplies, junction boxes, test stations, remote monitors, coatings, instrumentation, and others.
Services include inspection, design & construction, and maintenance. Leading players in the market provide almost all the products and services for cathodic protection to various end users.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-6526
Cathodic Protection Market Analysis by Type
By type, the cathodic protection market is segmented into galvanic (sacrificial anodes) and impressed current. The impressed current-based cathodic protection continues to hold bulk shares of the market, nearly 80%.
Demand for cathodic protection based on impressed current continues to remain influenced by the high cost of alternative methods available for cathodic protection currently.
Cathodic Protection Market Analysis by Application
By application, the cathodic protection market has been categorized into pipelines, storage facilities, processing plants, water & wastewater, transportation, building, and others.
Government regulations related to the corrosion protection of industrial infrastructures continues to influence growth of the cathodic protection market.
The more regulations are imposed, the more cathodic protection is required, and more accurate and detailed the testing and records need to be. This is expected to significantly boost growth of the cathodic protection market in the near future.
Cathodic Protection Market Analysis by Region
From a regional perspective, the North American market is projected to be a prominent market, owing to significant pipeline integration in the oil & gas industry. Europe is projected to hold over one-fourth share of the cathodic protection market.
The market in the Asia Pacific is anticipated to expand at a relatively higher CAGR, owing to the increasing investments in infrastructure development, and increased spending on the maintenance of existing infrastructure. China is expected to be the most lucrative market for cathodic protection, with sales projected to grow at a CAGR of over 7% through 2028.
Request a Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-6526
Cathodic Protection Market: Vendor Insights
Key players operating in the cathodic protection market include Aegion Corporation, BAC Corrosion Control Ltd., Cathodic Protection Company, Cathodic Protection Management, Inc., Corrosion Protection Specialist Private Limited, Farwest Corrosion Control Company, Imenco AS, Matcor, Inc, MG Duff International Ltd, Perma-Pipe Inc., SAE Inc., Southern Cathodic Protection, Tecnoseal Group, The Nippon Corrosion Engineering Co., Ltd., and Nakabohtec Corrosion Protecting Co., Ltd.
Contact Us:
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
The markets for cathodic protection in West Europe and East Europe, which currently have market shares of 17.1% and 7.3%, respectively, are anticipated to have a promising future. Demand in these areas is anticipated to be driven by rising industrial activity and more stringent safety regulations.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6526
Over the forecast period, East Asia and South Asia are expected to be the most lucrative regions for cathodic protection suppliers. Emerging economies like India and China are predicted to have a significant impact on demand in these regions. The demand for anodes for cathodic protection is expected to be greatly boosted by rising infrastructure spending in these regions.
In 2022, the MEA region will account for 9.7% of the global market for cathodic protection. Through 2028, rising urbanisation and infrastructure spending are anticipated to be significant trends in this area.
According to a recent study by Future Market Insights (FMI), the cathodic protection market will witness a robust expansion at nearly 5.6% CAGR through 2028. In addition, the Market is projected to reach a valuation of US$ 7.3 Bn by the end of 2028.
Cathodic protection is a globally used technique to control the corrosion of a metal surface in a harsh environment. Owing to the efficient and reliable corrosion protection technology, the Cathodic protection market is estimated to grow at a significant rate during the forecast period, supported by the increasing demand for corrosion prevention technologies to minimize the direct cost of corrosion.
Cathodic Protection Market: Segmentation Analysis
Cathodic Protection Market Analysis by Solution
By solution, the cathodic protection market has been categorised into products and services. The products segment can be further divided into anodes, power supplies, junction boxes, test stations, remote monitors, coatings, instrumentation, and others.
Services include inspection, design & construction, and maintenance. Leading players in the market provide almost all the products and services for cathodic protection to various end users.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-6526
Cathodic Protection Market Analysis by Type
By type, the cathodic protection market is segmented into galvanic (sacrificial anodes) and impressed current. The impressed current-based cathodic protection continues to hold bulk shares of the market, nearly 80%.
Demand for cathodic protection based on impressed current continues to remain influenced by the high cost of alternative methods available for cathodic protection currently.
Cathodic Protection Market Analysis by Application
By application, the cathodic protection market has been categorized into pipelines, storage facilities, processing plants, water & wastewater, transportation, building, and others.
Government regulations related to the corrosion protection of industrial infrastructures continues to influence growth of the cathodic protection market.
The more regulations are imposed, the more cathodic protection is required, and more accurate and detailed the testing and records need to be. This is expected to significantly boost growth of the cathodic protection market in the near future.
Cathodic Protection Market Analysis by Region
From a regional perspective, the North American market is projected to be a prominent market, owing to significant pipeline integration in the oil & gas industry. Europe is projected to hold over one-fourth share of the cathodic protection market.
The market in the Asia Pacific is anticipated to expand at a relatively higher CAGR, owing to the increasing investments in infrastructure development, and increased spending on the maintenance of existing infrastructure. China is expected to be the most lucrative market for cathodic protection, with sales projected to grow at a CAGR of over 7% through 2028.
Request a Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-6526
Cathodic Protection Market: Vendor Insights
Key players operating in the cathodic protection market include Aegion Corporation, BAC Corrosion Control Ltd., Cathodic Protection Company, Cathodic Protection Management, Inc., Corrosion Protection Specialist Private Limited, Farwest Corrosion Control Company, Imenco AS, Matcor, Inc, MG Duff International Ltd, Perma-Pipe Inc., SAE Inc., Southern Cathodic Protection, Tecnoseal Group, The Nippon Corrosion Engineering Co., Ltd., and Nakabohtec Corrosion Protecting Co., Ltd.
Contact Us:
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
