The ‘Global Intelligent Pigging Market Share, Size, Price, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global intelligent pigging market, assessing the market on the basis of its segments like technology, pipeline type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Intelligent Pigging Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4%
Stringent regulations of various governments and across emerging economies, targeted towards improving pipeline inspections, are one of the drivers for the rapid growth of the intelligent pigging market. The increasing use of natural gas and petroleum products and the growing awareness of pipeline maintenance and inspection benefits by pipeline operators are contributing to the market for intelligent pigging. The gas and oil industry has witnessed several pipeline damage accidents, resulting in a significant loss of product and overall losses, as a result, more oil and gas companies are investing in intelligent pigging.
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The increasing use and demand of intelligent pigging in the North America region is boosting the global market for intelligent pigging. Owing to its capability for providing larger magnetic flux leakage, the adoption for intelligent pipping is rapidly increasing. North America is greatly investing in gas and oil pipeline projects to meet the demand for energy resources, which is also a driving factor for the market of intelligent pigging in the region. Moreover, multiple technological developments, like Acoustic Resonance Technology (ART), are adding an advantage to intelligent pigging market.
Intelligent Pigging Industry Definition and Major Segments
Intelligent pigging is a device which is used for the inspection of pipelines using a purpose-built pipeline integrity gauge. They are used for the purpose of clearing, maintaining, cleaning, inspecting, and regulating regular pipeline tests. This method is also used for detecting and measuring corrosion, metal loss, or cracks.
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On the basis of technology, the market is divided into:
- Magnetic Flux Leakage Pigs
- Ultrasonic Pigs
- Caliper Pigs
Based on type, the market is bifurcated into:
On the basis of application, the market is classified into:
- Metal Loss/Corrosion Detection
- Geometry Measurement and Bend Detection
- Crack and Leak Detection
Based on region, the market is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Intelligent Pigging Market Trends
Rising offshore deep-water and shale gas exploration activities are anticipated to propel the growth of intelligent pigging market in the forecast period. Augmentation of the gas and oil sector, owing to advancements in technology and growing network of pipelines to circulate petroleum products is anticipated to foster the market growth of intelligent pigging in the coming years. One of the key trends in this market is the integration of GPS with intelligent pigging for effective diagnosis of defective pipes. The use of GPS allows ease in detection of small and minute defects in the walls of pipelines. Manufacturers are inclining towards using GPS pigs due to their suitability for pipes of various sizes which is further expanding the market growth for intelligent pigging.
Rapid industrialisation and urbanisation globally are key trends in the intelligent pigging market. Industrial expansion as well as urbanisation lead to increased deployment of piping infrastructure for the supply of various materials. In larger piping networks, monitoring of pipelines can be a challenge, due to which there is a heightened demand for intelligent pigging. The market for intelligent pigging is further being fuelled by rising environmental concerns, growing demand for continuous energy supply, and infrastructure modernisation.
Key Market Players
The major players in the global intelligent pigging market report are T. D. Williamson, Inc, ROSEN Swiss AG, Enduro Pipeline Services, Inc., Intertek Group plc, Applus Services, S.A., LIN SCAN, and Dexon Technology PLC, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.