Cathodic Protection is one of the most effective methods to protect metal surfaces from corrosion. This method offers significant advantages over other techniques due to its basic design and easy monitoring. Oil & gas industry assets, including transmission pipelines & storage tanks, generate the major demand for Cathodic Protection, followed by the water & wastewater sector comprising water tank and foundation surfaces of manmade water bodies. Cathodic Protection also finds application in building and bridge infrastructure for steel protection and in other assets that are highly exposed to corrosion such as ship hulls, ballast tanks and heater treaters in process plants. The Cathodic Protection market is highly competitive in nature and includes both, large firms that provide services globally, as well as small & medium-sized firms that have a more limited portfolio and offer products and services at a regional level. Oil & gas pipelines are major assets that need protection from corrosion to avoid leakage, product loss and ensure public and environmental safety. Adding to this, building structures comprising steel in reinforced concrete are being equipped with Cathodic Protection during the initial phase of construction rather than using Cathodic Protection for maintenance purposes at a later stage. Cathodic Protection has now become an important aspect among all end users across various industry verticals so as to reduce anticipated maintenance and repair costs and extend the life of infrastructure.

Reasons for Covering this Title

The outlook for the corrosion protection market is positive as it registered strong growth in 2017 in terms of revenue. This growth can be attributed to the recovering energy sector, planned pipeline projects and stable demand for maintenance services. In the energy segment, contracts for Cathodic Protection of offshore pipeline projects will be a prominent factor for organizations to maintain healthy market presence. As North America represents one of leading markets in terms of revenue share and various oil & gas companies are currently reviewing their strategic investments in the Gulf of Mexico, the long-term outlook for players will remain attractive in the region. In the coming years, inspection services are likely to offer attractive revenue generation streams for market participants. As a result, players are looking to enhance their capabilities in pipeline inspection services and help customers assess the integrity of their pipeline assets and comply with regulatory requirements. Although pipeline inspection accounts for a relatively small portion of revenue in the Cathodic Protection market, it is slated to be significant in creating demand in the aftersales service sector throughout the forecast period. The U.S. and Russia along with emerging economies led by China, India and Brazil will account for most of the capital spending on Cathodic Protection systems in the coming years, owing to stable growth of associated end user industry verticals.

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Global Cathodic Protection: Market Segmentation

On the basis of type, the global Cathodic Protection market has been segmented as:

• Galvanic (sacrificial anodes)
• Impressed current

On the basis of product type, the global Cathodic Protection market has been segmented as:

• Products
  • Anodes
  • Power Supplies
  • Junction Boxes
  • Test Stations
  • Remote Monitors
  • Coating
  • Instrumentation
  • Others
• Services
  • Inspection
  • Design & Construction
  • Maintenance

On the basis of application, the global Cathodic Protection market has been segmented as:

• Energy
  • Pipelines
  • Storage facilities
  • Processing Plants
• Water & Wastewater
• Building
• Transportation
  • Bridges
  • Airports
  • Fueling systems
  • Metros
• Others

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Global Cathodic Protection Market: Key Players

Examples of some of the key players operating in the global Cathodic Protection market are Aegion Corporation, Cathodic Protection Company, Southern Cathodic Protection, Matcor, Inc., Mears Group, Inc., Cathodic Protection Management, Inc., Farwest Corrosion Control Company, MESA, MME Group, Corrosion Technology Services, Cathodic Control Company Pvt. Ltd., Global Cathodic Protection, Inc., Pmac Systems, Stork, and Bass Engineering, among others.