The ‘Global Intelligent Pigging Market Share, Size, Demand, Trend, Report and Forecast 2023-2028’ by Expert Market Research, gives an detailed outlook of the intelligent pigging market at a global level. The report examines the market based on its segments like technology, pipeline type, application, and major regions.
Intelligent Pigging Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 654 million
• Forecast CAGR (2023-2028): 4.6%
• Forecast Market Size (2027): USD 856.6 million
One of the key regions in the global intelligent pigging market is predicted to be North America, driven by strict rules and regulations regarding the operations and uniformity of pipelines. Europe is predicted to have a robust growth throughout the forecast period due to the establishment of new pipelines to meet the energy demands. Pipelines are a cheaper method of transporting liquids and petroleum products.
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In the Asia Pacific, India has planned to develop many intercity gas pipelines for smooth fuel supply at a lower cost. This will result in the development of new pipelines and the improvement of pipeline infrastructure, bolstering the growth of the Asia Pacific intelligent pigging market.
Intelligent Pigging Market Segmentation
Intelligent pigging is a type of inspection device which tells the presence of corrosion or other deformities on the inner walls of a pipe. The intelligent pigging system is an advanced device that can perform advanced inspections as well as effective cleansing. It inspects long pipes by using advanced examination techniques like ultrasonic testing.
Based on technology, the market is segmented into:
• Magnetic Flux Leakage Pigs
• Ultrasonic Pigs
• Caliper Pigs
Based on pipeline type, the intelligent pigging market is bifurcated into:
• Liquid
• Gas
Based on pipeline type, the market is divided into:
• Metal Loss/Corrosion Detection
• Geometry Measurement and Bend Detection
• Crack and Leak Detection
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
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Intelligent Pigging Market Trends
Rising shale gas and offshore deep-water exploration activities are predicted to boost the intelligent pigging market growth over the forecast period. The growth in the oil and gas industry driven by technological advancement and an increasing network of pipelines to transport petroleum products are expected to propel growth.
The increasing trend of integrating a GPS system on intelligent pigging for efficient diagnosis of pipe defects is expected to drive the growth. The GPS capability of the new generation pigs allows for the easy detection of precise and small defects in the pipeline’s inner wall. Furthermore, GPS pigs are available in different sizes. The growing adoption of such new technologies is anticipated to drive market growth further.
Key Market Players
The major players in the Global Intelligent Pigging Market report include:
- T. D. Williamson, Inc.
- ROSEN Group
- Enduro Pipeline Services, Inc.
- Intertek Group plc
- Applus+ Servicios Tecnológicos, S.L
- LIN SCAN
- Dacon Inspection Technologies Co., Ltd.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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