In Western Europe, the cathodic protection landscape is expected to expand at a CAGR of 4.70% through 2034. The cathodic protection ecosystem in Western Europe is anticipated to total USD 1,302.70 million in 2024.
With increase in the construction and maintenance of infrastructure, boosting the demand for corrosion prevention services in Western Europe. By 2034, the industry will likely secure a valuation of USD 2,062.11 million.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
Attributes | Details |
---|---|
Expected Value in 2024 | USD 1,302.70 million |
Projected Value in 2034 | USD 2,062.11 million |
CAGR Estimation from 2024 to 2034 | 4.70% |
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Ongoing infrastructure projects, including pipelines, bridges, and offshore structures. The need to maintain and protect these assets against corrosion drives the demand for cathodic protection systems in United Kingdom. The cathodic protection in United Kigdom is expected to grow with a CAGR of 6.0% from 2024 to 2034.
The country has a significant presence in the oil and gas industry, with pipelines, refineries, and storage facilities. Cathodic protection is crucial in safeguarding these assets from corrosion, thereby contributing to industry The United Kingdom adheres to stringent regulations regarding infrastructure safety and environmental protection. Compliance with these regulations necessitates the implementation of corrosion prevention methods like cathodic protection, boosting industry growth.
Germany is a leader in renewable energy adoption. Cathodic protection systems are essential for protecting offshore wind farms and other renewable energy infrastructure from corrosion, driving growth in this sector. The cathodic protection in Germany is expected to grow with a CAGR of 4.60% from 2024-2034.
The country is known for its technological innovations. Continuous advancements in cathodic protection technologies, such as improved coatings, monitoring systems, and materials, contribute to market growth by providing more efficient and durable solutions.
Germany places a strong emphasis on sustainability and environmental protection. The development of eco-friendly coatings and systems that minimize environmental impact while effectively preventing corrosion aligns with this focus.
The impressed current segment is estimated to dominate the cathodic protection industry by type, with an industry share of 61.8% in 2024.
Impressed current is extensively used in pipelines, ship hulls, offshore production platforms, and water & wastewater treatment among others. One of the key merits of impressed current over galvanized anode is its high capacity. Big rough surfaces in onshore or offshore applications use this type extensively for protection against corrosion.
Attribute | Details |
---|---|
Type | Impressed Current |
Value Share | 61.8% |
The services segment is estimated to dominate the cathodic protection industry based on solution, with an industry share of 55.3% in 2024. Many structures and assets worldwide, such as pipelines, bridges, storage tanks, and offshore platforms, are aging. Cathodic protection services are essential for maintaining the integrity of these assets and extending their lifespan by preventing corrosion.
With ongoing industrial growth, including the development of new pipelines, facilities, and structures, the demand for corrosion prevention services increases proportionally. Governments and regulatory bodies impose standards and regulations that mandate corrosion prevention measures. Compliance with these regulations drives the continual need for cathodic protection services across various industries.
Attribute | Details |
---|---|
Solution | Services |
Value Share | 55.3% |
Suppliers of cathodic protection are focusing on developing new solutions for the changing infrastructure landscape in western Europe. A few other vendors are aiming to expand their distribution networks across various countries and industry verticals.
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Attribute | Details |
---|---|
Estimated Industry Size in 2024 | USD 1,302.70 million |
Projected Industry Size in 2034 | USD 2,062.11 million |
Anticipated CAGR between 2024 to 2034 | 4.70% CAGR |
Historical Analysis of Demand for Deployment of Cathodic Protection in Western Europe | 2019 to 2023 |
Demand Forecast for Deployment of Cathodic Protection in Western Europe | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Deployment of Cathodic Protection in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local Providers in Western Europe. |
Key Countries Analyzed While Studying Opportunities in the Deployment of Cathodic Protection in Western Europe | The United Kingdom, Germany, Italy, France, Spain, Rest of Western Europe |
Key Companies Profiled | Cescor UK; Anode Engineering; Cathodic Protection Co. Ltd; Corrosion Prevention Limited; GCP German Cathodic Protection GmbH; Cathodic Protection Services GmbH; James Fisher; MATCOR Inc.; Nakabohtec Corrosion Protecting Co.; The Nippon Corrosion Engineering Co. |
The cathodic protection industry in Western Europe is poised to be valued at USD 1,302.70 million in 2024.
The anticipated CAGR for the cathodic protection industry in Western Europe through 2034 is 4.70%.
The scope for cathodic protection in Western Europe is expected to be wortth USD 2,062.11 million by 2034.
Impressed current remain the top segment in cathodic protection industry in Western Europe.
1. Executive Summary 2. Market Overview 3. Market Background 4. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 5. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Solution 5.1. Products 5.1.1. Anodes 5.1.2. Power Supplies 5.1.3. Junction Boxes 5.1.4. Test Stations 5.1.5. Remote Monitors 5.1.6. Coating 5.1.7. Instrumentation 5.1.8. Services 5.1.9. Inspection 5.1.10. Design & Construction 5.1.11. Maintenance 6. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Type 6.1. Galvanic (Sacrificial Anodes) 6.2. Impressed Current 7. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Pipelines 7.2. Storage Facilities 7.3. Processing Plants 7.4. Water & Wastewater 7.5. Transportation 7.6. Bridges 7.7. Airports 7.8. Fuelling Systems 7.9. Metros 7.10. Building 7.11. Others 8. Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. UK 8.2. Germany 8.3. Italy 8.4. France 8.5. Spain 8.6. Rest of Western Europe 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 14. Rest of Western Europe Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 15. Market Structure Analysis 16. Competition Analysis 16.1. Cescor UK 16.2. Anode Engineering 16.3. Co. Ltd 16.4. Corrosion Prevention Limited 16.5. GCP German GmbH 16.6. Services GmbH 16.7. James Fisher 16.8. MATCOR, Inc 16.9. Nakabohtec Corrosion Protecting Co 16.10. The Nippon Corrosion Engineering Co 17. Assumptions & Acronyms Used 18. Research Methodology
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