Direct Electrical Heating Market Demand Rising with 4.50 Percent CAGR

1. Direct Electrical Heating Marketglobal Analysis Report 2024-2030 Published by: Shweta, Automotive and Transportation Specialist

2. Market Size & Overview: The Direct Electrical Heating (DEH) market was valued at approximately USD 9.44 billion in 2023 and is projected to reach nearly USD 12.84 billion by 2030, growing at a CAGR of 4.50% during the forecast period. DEH systems are primarily utilized in the oil and natural gas industry to maintain the temperature of subsea pipelines, preventing hydrate formation and ensuring smooth flow during exploration, production, and transportation activities.

3. Market Growth & Opportunities The DEH market's growth is driven by increasing global energy demand, leading to expanded offshore oil and gas exploration and production activities. Technological advancements in deep-sea exploration and the need for efficient flow assurance solutions present significant opportunities for DEH system providers. Additionally, the emphasis on energy efficiency and sustainability in the oil and gas sector further bolsters the adoption of DEH systems. Sample Request

4. Market Segmentation • By Application Underwater oil & gas pipelines Offshore explorations • By Types of Cables Riser cables Armored feeder cables Piggyback cables Integrated Protection System (IPS).

5. Regional Analysis: • North America: The region is experiencing substantial growth due to rising energy demands and increased offshore exploration activities. The focus on energy efficiency and the development of unconventional oil and gas resources contribute to the DEH market's expansion. • Europe: Europe leads the DEH market, driven by stringent environmental regulations, a strong emphasis on renewable energy integration, and extensive offshore oil and gas operations, particularly in the North Sea. • Asia-Pacific (APAC): Rapid industrialization and urbanization in countries like China and India are escalating energy consumption, leading to increased offshore exploration and production activities. This trend is expected to drive the demand for DEH systems in the region.

6. Regional Analysis Customized Report Request

7. Merges and Acquisition • Smiths Group's Acquisitions: In September 2024, Smiths Group acquired Modular Metal Fabricators (USA) and Wattco (Canada) for a total of £110 million. These acquisitions aim to strengthen Smiths' presence in the North American market, particularly in the heating, ventilation, and air conditioning (HVAC) sector. • RESA Power's Acquisition: RESA Power, a Houston-based company, acquired Prime Engineering, a Canadian electrical design, engineering, and services firm. This acquisition enhances RESA Power's capabilities in the electrical heating market, particularly in North America. • Ufenau Capital Partners' Acquisition: Ufenau Capital Partners acquired Romijnders, a Dutch HVAC and electrical installation service provider. This strategic move expands Ufenau's footprint in the European electrical heating market. Buy This Report

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