Intelligent Pigging Market 2019 Share, Business Prospect, Global Current and Future Plans by Forecast to 2023


Posted November 14, 2019 by DhanashreePawar

Intelligent Pigging Market Research Report: Information by Pipeline Type (Liquid, Gas), Technology (Magnetic Flux Leakage, Caliper, Ultrasonic), Application (Metal Loss, Crack and Leak Detection, Geometry Measurement), and Region

 
Global Intelligent Pigging Market Overview

Pipeline inspection is an important aspect of the oil and gas sector, primarily due to the need to ensure lesser accident rates. Reports that investigate the energy and power industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to utilize a 4.89% CAGR in the upcoming forecast period.

Intelligent pigging is an inspection technique in which inspection probe/smart pig is propelled through pipeline in order to gain data regarding location of corrosion, and other anomalies on walls of pipe. Intelligent pigging’s technology include Magnetic Flux Leakage, Caliper, and Ultrasonic. The pipeline type include liquid and gas. The key applications of intelligent pigging are Metal Loss/Corrosion Detection and Crack and Leak Detection. The global intelligent pigging market is estimated to expand at 4.89% CAGR during the forecast period.

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The global intelligent pigging market is set to witness significant growth due to government regulations and mandates regarding pipeline inspection and concerns related to safety of pipelines and energy infrastructure. Lot of incidents has been observed in oil & gas industry as corrosion can reduce weaken welds, pipeline thickness, cause blockages, and threaten the integrity of the pipeline. On the other hand, difficulty in inspecting unpiggable pipelines is one of the major restraints for the global intelligent pigging market.

Industry Segmentation

The segmentation of the intelligent pigging market has been carried out on the basis of technology, pipeline type, application, and region.

On the basis of pipeline technology, the intelligent pigging market is segmented into caliper, magnetic flux leakage, and ultrasonic. The magnetic flux leakage segment is controlling the market as it is primarily used in both gas and liquid pipelines and does not need any liquid couplant like ultrasonic pigging.

Based on application, the intelligent pigging market is segmented into crack & leak detection, metal loss/corrosion, and geometry measurement & bend detection. The metal loss/corrosion segment in the intelligent pigging market is projected to record the maximum growth rate during the forecast period.

On the basis of pipeline type, the intelligent pigging market is segmented into liquid and gas.

On the basis of region, the intelligent pigging market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

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Leading Players

The key players of the global intelligent pigging market are Baker Hughes (US), Corrosion Control Engineering, (Australia), Rouge Pipeline & Process Services (UAE), Penspen (UK), Halfwave AS (Norway), Romstar (Malaysia), Cokebusters (UK), Quest Integrity Group (US), A.Hak Industrial Services (Netherlands), SGS SA (Switzerland), T.D.Williamson (US), Rosen Group (Switzerland), and NDT Global (UAE).

Regional Analysis

North America held the largest market share of the global intelligent pigging market in 2017. North America region has some major players from the oil & gas industry and prominent users of inline inspection services for intelligent pigging. The intelligent pigging market would be mainly driven by increasing awareness among pipeline operators about the benefits of maintenance of pipelines and regular inspection. In addition, significant production and exploration of crude oil and gas in Middle East & Africa would also have a positive impact on the growth of intelligent pigging market during the forecast period.

Also Read: https://www.marketwatch.com/press-release/intelligent-pigging-market-2019-global-size-share-trends-growth-insight-business-statistics-competitive-analysis-regional-outlook-and-forecast-to-2023-2019-08-29

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Last Updated November 14, 2019