Intelligent pigging services market is expected to grow at a CAGR of 5.5% by 2031. Intelligent pigging refers to the inspection of pipelines using digital technology to understand the condition of pipeline. A pig is the device that travels through pipeline to clean and inspect the pipeline. Globally, the pipeline network for oil & gas product is over 3 million Km long transporting oil & gas products worldwide. During oil & gas pipeline operations the most common problem are corrosion, sludge and wax deposition. To address such issues pipeline inspection and maintenance is done periodically to avoid any damage to pipeline.
Intelligent Pigging services market is projected to gain traction with increasing demand for oil & gas products. Oil & gas industry has witnessed major incidents of pipeline damage in the past resulted in major product loss and accidents. Therefore, keeping pipeline infrastructure healthy becomes necessity for the oil & gas companies. Moreover, regulatory policies across the globe regulating pipeline operations and oil spillage are also fueling the demand for intelligent pigging services. However, shrinking IT budget of the oil & gas companies due to slowdown in oil & gas industry is expected to restraint the growth of global intelligent pigging services market.
North America is expected to be the most dominant region in the global pigging service market over the forecast period. Increasing oil & gas production coupled with regulatory policies is anticipated to augment the growth of intelligent pigging services market in the region.
Intelligent pigging services market in Europe and MEA are projected to register significant growth by 2031 due to growing oil & gas pipeline network in the region. Apart from this, rising demand for oil & gas products is anticipated to fuel the growth of intelligent pigging services market in Asia Pacific region over the period.
The leading players identified across the value chain of intelligent pigging services market are focusing on research and development of innovative products to make the pigging operations more efficient.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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Intelligent Pigging services market is projected to gain traction with increasing demand for oil & gas products. Oil & gas industry has witnessed major incidents of pipeline damage in the past resulted in major product loss and accidents. Therefore, keeping pipeline infrastructure healthy becomes necessity for the oil & gas companies. Moreover, regulatory policies across the globe regulating pipeline operations and oil spillage are also fueling the demand for intelligent pigging services. However, shrinking IT budget of the oil & gas companies due to slowdown in oil & gas industry is expected to restraint the growth of global intelligent pigging services market.
North America is expected to be the most dominant region in the global pigging service market over the forecast period. Increasing oil & gas production coupled with regulatory policies is anticipated to augment the growth of intelligent pigging services market in the region.
Intelligent pigging services market in Europe and MEA are projected to register significant growth by 2031 due to growing oil & gas pipeline network in the region. Apart from this, rising demand for oil & gas products is anticipated to fuel the growth of intelligent pigging services market in Asia Pacific region over the period.
The leading players identified across the value chain of intelligent pigging services market are focusing on research and development of innovative products to make the pigging operations more efficient.
Key Players Identified Across the Value Chain in the Intelligent Pigging Services Market include but are not limited to:
Baker Hughes Incorporated, T.D. Williamson, Inc, NDT Global, Enduro Pipeline Services Inc, General Electric., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, OMV Group, Petrobras, Royal Dutch Shell PLC, and ConocoPhillips, among others.Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Intelligent Pigging Services market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Intelligent Pigging Services market and their expected impact during the forecast period.
Market Segmentation
Technology
- Magnetic Flux Leak detection
- Ultrasonic testing
End Use
- Oil Products
- Gas Products
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Intelligent Pigging Services market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Intelligent Pigging Services market?
- Which is the largest regional market for Intelligent Pigging Services market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Intelligent Pigging Services market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Intelligent Pigging Services market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Intelligent Pigging Services Market: Competitive Analysis
4. Intelligent Pigging Services Market: Macro Analysis & Market Dynamics
5. Intelligent Pigging Services Market: By Technology, 2021-2031, USD (Million)
6. Intelligent Pigging Services Market: By End Use, 2021-2031, USD (Million)
7. North America Intelligent Pigging Services Market, 2021-2031, USD (Million)
8. UK and European Union Intelligent Pigging Services Market, 2021-2031, USD (Million)
9. Asia Pacific Intelligent Pigging Services Market, 2021-2031, USD (Million)
10. Latin America Intelligent Pigging Services Market, 2021-2031, USD (Million)
11. Middle East and Africa Intelligent Pigging Services Market, 2021-2031, USD (Million)
12. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Baker Hughes Incorporated
- T.D. WilliamsonInc
- NDT Global
- Enduro Pipeline Services Inc
- General Electric.
- LIN SCAN
- GE Oil and Gas (PII Pipeline Solutions)
- Baker Hughes Incorporated
- OMV Group
- Petrobras
- Royal Dutch Shell PLC
- and ConocoPhillips