Direct Electrical Heating Market Size by Types of Cables, Application, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
The Direct Electrical Heating Market size was valued at USD 9.44 Billion in 2023 and the total Direct Electrical Heating revenue is expected to grow at a CAGR of 4.50% from 2024 to 2030, reaching nearly USD 12.84Billion.
The direct electrical heating (DEH) system is used in the oil and natural gas exploration and transportation industry. Direct heating is provided to the pipeline of oil or gas to maintain its temperature. These pipelines are usually submerged in the sea for exploration, production, and transportation of oil and gas. The DEH system uses a single-phase AC current for heating the pipe. The DHE market is segmented by type of cables, application, and region.
The report covers the detailed analysis global direct electrical heating industry with the classifications of the market on the product type, applications, and region. Analysis of past market dynamics from 2018 to 2023 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.
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The global direct electrical heating market revenue is expected to grow at xx% from 2024 to 2030, reach US$ xx Bn.
The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Europe region. The major country’s policies about the oil and gas industry and its impact on DEH service providers are covered in the report.
Global Direct Electrical Heating Market Dynamics:
The growth of the industrial and automobile sector, with the increasing use of oil and gas for industrial and transportation purposes, are driving the market growth in the forecast period. Increasing oil exploration activities and development in technologies in deep-sea oil exploration, fueling the Direct Electrical Heating market. The low temperature of the sea creates formation of hydrate on pipeline, which damages pipeline. The pipeline immersed in sea bed requires heating to maintain pressure & connection and prevent breakage of pipeline.
Global Direct Electrical Heating Market is segmented By Types of Cables and applications.
Riser cable segment is expected to grow at a CAGR of xx% during the forecast period
The riser cables are used to supply current from the platform to the pipeline placed in seabed. These types of cables are attached to pipeline with special clamps and firmly secured to handle deep water conditions. The riser cables are important in offshore oil & gas exploration and production systems. They connect sea-bed to the main production unit, which is at sea level. Nexans is supplying and assembling a record 768 optical fiber riser cable for an ocean bottom seismic sensor system to monitor reservoirs in the North Sea. The riser cables segment is expected to reach US$ xx Mn by 2030. Other types of cables are covered in the report with application, drivers, regional market size, and geographic market condition.
Global Direct Electrical Heating Market, By Application
Underwater oil & gas pipelines
Offshore explorations
Global offshore oil and gas exploration sector is growing at a CAGR of 3.75% over the forecast period
Growth in demand for oil and gas is driving the offshore and onshore exploration and production activities. Offshore exploration has a market share of xx% and is expected to reach xx% by 2030. Energy companies are competing to get mineral rights from governments or entering a concession agreement. Development in technology for processes and methods used in locating potential sites for oil and gas drilling and extraction. Driving the offshore exploration segment. However, offshore drilling is expensive than onshore drilling, also fixed rigs are more expensive than mobile rigs. The report covers the oil exploration activities by region and share of onshore and offshore exploration.
Global Direct Electrical Heating Market Regional Insights
North America commands the direct electrical heating market and is estimated to reach US$ xx Bn by 2030.
North America is leading the direct electrical heating market, Thanks to oil and gas developments in countries like the US and Canada. The countries in MEA, such as Kuwait, Saudi Arabia, and Qatar have increased their oil production to fulfill the global demand for petroleum. European countries are investing a significant amount in direct electrical heating in the production and exploration of oil & gas. Discoveries of oil and gas reservoirs in India, China, Japan, and Australia are expected to expand the direct electrical heating market in the Asia Pacific over the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Direct Electrical Heating Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Direct Electrical Heating Market dynamics, structure by analyzing the market segments and project the Global Direct Electrical Heating Market size. Clear representation of competitive analysis of key players By Types of Cables, price, financial position, product portfolio, growth strategies, and regional presence in the Global Direct Electrical Heating Market make the report investor’s guide.
Scope of the Global Direct Electrical Heating Market: Inquire before buying
| Global Direct Electrical Heating Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 9.44 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.50% | Market Size in 2030: | USD 12.84 Bn. |
| Segments Covered: | By Types of Cables | Riser cables Armored feeder cables Piggyback cables Integrated Protection System (IPS). |
|
| By Application | Underwater oil & gas pipelines Offshore explorations |
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Global Direct Electrical Heating Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key players operating in Global Direct Electrical Heating Market
1. Statoil
2. Siemens Energy
3. Nexans
4. Saudi Aramco
5. SINTEF Energi AS.
6. Wärtsilä
7. ABB
8. Other
Frequently Asked Questions:
1. Which region has the largest share in Global market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global market?
Ans: The Global market is growing at a CAGR of 4.50% during forecasting period 2024-2030.
3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global market?
Ans: The important key players in the Global market are – Statoil, Siemens Energy, Nexans, Saudi Aramco, SINTEF Energi AS., Wärtsilä, ABB, Other
5. What was the Global Direct Electrical Heating Market size in 2023?
Ans: The Global Direct Electrical Heating Market size was USD 9.44 Billion in 2023.