Title: Cathodic Protection Market growing at a CAGR of 5.6% through 2018-2028
1Cathodic Protection Market
Report Id REP-GB-6526 Published On
March-2019 Category Industrial Automation and
Equipment
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3Research Methodology (1/2)
- Systematic Research Approach
In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
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PMR conducts interviews with industry experts, industry players, distributors and retailers
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4Cathodic Protection Market Analysis
- Research delivers insight into the Cathodic
Protection Market poised to expand at 5.6
CAGR by 2018-2028 - VALLEY COTTAGE - According to a recent study of
Future Market Insights (FMI), the cathodic
protection market will witness a robust expansion
at nearly 6 CAGR through 2028. According to the
National Association of Corrosion Engineers'
(NACE) 'International Measures of Prevention,
Application and Economics of Corrosion Technology
(IMPACT)' study, the global cost of corrosion was
over US 2,500 Bn in 2013. - However, by using the current available corrosion
control practices, only around 15 to 35 of the
total cost of corrosion can be saved, which is
between US 375 Bn US 875 Bn. - Increasing global cost of corrosion has resulted
in a significant rise in the need for
technologies related to its prevention, which in
turn is creating demand for solutions such as
cathodic protection. Additionally, essentiality
of corrosion protection and control in industrial
sectors, for the prevention of any catastrophic
events, is a key factor underpinning growth of
the cathodic protection market.
5Cathodic Protection Market Analysis
- 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.
6Cathodic Protection Market Analysis
- 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.
7Cathodic Protection Market Analysis
- Cathodic Protection Market Analysis by Region
- From a regional perspective, North America is a
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 cathodic protection market. - The market in Asia Pacific is anticipated to
expand at a relatively higher CAGR, owing to the
increasing investments in the 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 during through 2028. - 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.
8Cathodic Protection Market Analysis
- Press-release Source - https//www.prnewswire.com/
news-releases/cathodic-protection-market-will-grow
-at-5-6-cagr-by-2028--future-market-insights-30082
3782.html - More Related Reports -
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esearch-industry-analysis-by-20192029 - About Us
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syndicated research reports, custom research
reports and consulting services which are
personalized in nature. FMI delivers a complete
packaged solution, which combines current market
intelligence, statistical anecdotes, technology
inputs, valuable growth insights and an aerial
view of the competitive framework and future
market trends.
9Cathodic Protection Market Analysis
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