Press release
Global Direct Electrical Heating Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Direct Electrical Heating" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Direct electrical heating is a single phase heating system that raises and maintains the temperature of a pipeline by transmitting an AC current through the flow line. It maintains the temperature of pipelines submerged beneath the sea for the purpose of exploration, transportation, and production of oil and gas. Direct electrical heating is widely used in offshore oil & gas exploration and production. It are used globally by major offshore oil & gas companies to mitigate the risks of pipe breakage and save production costs.
The direct electrical heating market can be segmented based on types of cables, application, and region. Based on types of cables, the direct heating market can be divided into riser cables, armored feeder cables, piggyback cables, and Integrated Protection System (IPS). Riser cables supply direct electric current from the platform to seabed pipelines. Armored feeder cables comprise two conductors and the power current is retrieved from the platform. Piggybank cables transmit electric current from the end of the platform to the far end of the pipeline immersed in the seabed. Piggybank cables are widely preferred due to their high efficiency. IPS is a type of cable that provides external support or surrounds the piggybank cables to protect against external load to the pipeline.
Direct electrical heating is used in the oil & gas industry, especially in offshore exploration & production projects. It is also used in developmental work for longer and larger underwater oil & gas pipelines. Furthermore, direct electrical heating helps study the calculation and development work in laboratories.
Demand for direct electrical heating has been rising as it effectively eliminates hydrates precipitating on pipelines in deep-water natural gas reservoirs. Usage of direct electrical heating prevents pipe breakage when making a pipe connection during production or exploration of oil & gas activities. It also prevents injection of chemicals in oil & gas pipelines in offshore projects.
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Low temperatures induce hydrate formation on pipelines situated in seabed, thereby causing major flow line blockage. This is one of the major factor restraining the direct electrical heating market. Prevention of circuit failure or pipe breakage needs to be tackled if there is no dissipation of heat in direct electrical heating for oil & gas pipelines.
In terms of geography, North America dominated the direct electrical heating market, led by the latest oil and gas discoveries in the U.S. and Canada. Countries in Middle East such as Saudi Arabia, Kuwait, and Qatar have increased oil production due to the rise in demand for petroleum for petroleum across the globe. Countries in Europe such as Norway, Sweden, and the U.K. have invested significantly in direct electrical heating in oil & gas offshore production and extraction owing to the increase in demand for energy. The direct electrical heating market in countries in Asia Pacific such as India, China, Japan, and Australia is expected to expand, led by the latest oil and gas discoveries in offshore areas in these countries. Demand for direct electrical heating has been rising in the Gulf of Mexico due to the growth in oil & gas offshore activities. This is boosting the market in Latin America, especially in Mexico. The direct electrical heating market in Africa is anticipated to expand due to the rapid increase in oil & gas activities in the region.
Key players operating in the direct electrical heating market include Statoil, Siemens Energy, Nexans, Saudi Aramco, and SINTEF Energi AS.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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