Global Intelligent Pigging Market Size, Trends and Growth Opportunity, By Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), By Application (Metal Loss/Corrosion Detection, Geometry Measurement and Bend Detection, Crack and Leak Detection), By Pipeline Type (Gas, Liquid), By Region and forecast till 2027.
Report ID : IR100283 | Industries : Healthcare | Published On :May 2024 | Page Count : 149
Global Intelligent Pigging Market Size, Trends and Growth Opportunity, By Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), By Application (Metal Loss/Corrosion Detection, Geometry Measurement and Bend Detection, Crack and Leak Detection), By Pipeline Type (Gas, Liquid), By Region and forecast till 2027.
Global Intelligent Pigging Market
Global Intelligent Pigging Market was valued at USD 694.30 million in 2021 and is expected to reach at USD 1,007.29 million by 2027 at a CAGR of 5.12% from 2022-2027.
Pigging is a term used to describe a procedure for cleaning and inspecting a pipeline from the inside out while it is still in use. The approach of in-line checking using smart pigs—pigs that use digital technology—is known as an intelligent pigging system. The intelligent pigs can carry out sophisticated inspection tasks and are effective at detecting any irregularities on the inner walls of the pipes, including the presence and location of corrosion, metal loss, and others.
Market Drivers
In response to the increasing integration of automation technologies, original equipment suppliers and producers are continuously improving their pipeline inspections and maintenance by investing in R&D. Effective pipeline flow diagnosis is possible with today's sophisticated pigging techniques. Intelligent pigging service providers are constantly looking for pipeline operators' use of dents and deformations. Because of the increasing in interest for increasingly sophisticated and portable electronic systems, manufacturers are offering relatively small intelligent pigs for conventional applications. The creation of smaller, intelligent pigs has made it feasible to inspect and maintain the small-diameter pipes. The consequence will likely be a significant expansion of the market for intelligent pigging. The market for intelligent pigging is also expected to develop during the forecast period as a result of escalating shale gas and offshore deep-water exploration operations, an expanding network of pipelines for the transport of petroleum products, and expansion in the oil and gas industry.
As per estimates, the expanding pipeline project investments, particularly in the oil and gas sector, would create profitable market possibilities and accelerate the growth rate of the intelligent pigging market in the future. Leading firms' improvements in inspection technologies are predicted to assist the market expansion of intelligent pigging.
Market Restraints
It is challenging for developing countries like India and the ASEAN nations to adopt intelligent pigging technologies because they are typically expensive and require significant capital inputs. Due to the high cost of smart or intelligent pigging services, many pipeline operators opt for cost-effective alternatives; as a result, the market for intelligent pigging will be hampered as a result. Intelligent pigging can finish a few kilometres of the examination in a matter of days, but a thorough study of the data may take longer than 90 days. During this time, any irregularities that arise inside the pipeline are disregarded, and a subsequent inspection cycle may start much later. Some companies have developed software modules that reduce the amount of time needed to analyse enormous amounts of acquired data. Data processing currently takes longer than data collection tasks, which is a significant hurdle for the market's expansion for intelligent pigging. The market for intelligent pigging systems, on the other hand, is anticipated to see growth challenges during the forecast period due to a lack of technical expertise.
Market Segmentation
Global Intelligent Pigging Market is segmented into Technology, Application, & Pipeline Type. By Technology such as Magnetic Flux Leakage, Ultrasonic, Caliper. By Application such as Metal Loss/Corrosion Detection, Geometry Measurement and Bend Detection, Crack and Leak Detection. By Pipeline Type such as Gas, Liquid.
Regional Analysis
Global Intelligent Pigging Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. By virtue of its stringent laws governing pipeline integrity and operation over the projection period, North America has a monopoly on the intelligent pigging market. Additionally, the presence of the largest pipeline system in the world will support the expansion of the intelligent pigging business in the area. Asia-Pacific is anticipated to experience significant growth from as a result of an increase in the region's overall gas demand met by local gas production. The demand for intelligent pigging is also projected to increase in the region due to the fact that pipelines are a more cost-effective method of transferring liquids and petroleum products than other alternatives.
Key Players
This report includes a list of numerous Key Players namely Baker Hughes Company (U.S.), Corrosion Control Engineering, (Australia), Rouge Pipeline & Process Services (UAE), Penspen (U.K.), Halfwave AS (Norway), Romstar Sdb Bhd(Malaysia), Cokebusters Ltd. & Cokebusters Inc. (U.K.), Quest Integrity Group, LLC (U.S.), A.Hak Industrial Services (Netherlands), SGS SA (Switzerland).
Market Taxonomy
By Technology
• Magnetic Flux Leakage
• Ultrasonic
• Caliper
By Application
• Metal Loss/Corrosion Detection
• Geometry Measurement and Bend Detection
• Crack and Leak Detection
By Pipeline Type
• Gas
• Liquid
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Intelligent Pigging Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Intelligent Pigging Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Intelligent Pigging Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Intelligent Pigging Market Share Analysis, By Technology
5.3 Global Intelligent Pigging Market Size and Forecast, By Technology
5.3.1 Magnetic Flux Leakage
5.3.2 Ultrasonic
5.3.3 Caliper
6 Global Intelligent Pigging Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Intelligent Pigging Market Share Analysis, By Application
6.3 Global Intelligent Pigging Market Size and Forecast, By Application
6.3.1 Metal Loss/Corrosion Detection
6.3.2 Geometry Measurement and Bend Detection
6.3.3 Crack and Leak Detection
7 Global Intelligent Pigging Market, By Pipeline Type
7.1 Y-o-Y Growth Comparison, By Pipeline Type
7.2 Global Intelligent Pigging Market Share Analysis, By Pipeline Type
7.3 Global Intelligent Pigging Market Size and Forecast, By Pipeline Type
7.3.1 Gas
7.3.2 Liquid
8 Global Intelligent Pigging Market, By Region
8.1 Global Intelligent Pigging Market Share Analysis, By Region
8.2 Global Intelligent Pigging Market Share Analysis, By Region
8.3 Global Intelligent Pigging Market Size and Forecast, By Region
9 North America Intelligent Pigging Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Intelligent Pigging Market Share Analysis, By Technology
9.3 North America Intelligent Pigging Market Size and Forecast, By Application
9.4 North America Intelligent Pigging Market Size and Forecast, By Pipeline Type
9.5 North America Intelligent Pigging Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Intelligent Pigging Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Intelligent Pigging Market Share Analysis, By Technology
10.3 Europe Intelligent Pigging Market Size and Forecast, By Application
10.4 Europe Intelligent Pigging Market Size and Forecast, By Pipeline Type
10.6 Europe Intelligent Pigging Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Intelligent Pigging Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Intelligent Pigging Market Share Analysis, By Technology
11.3 Asia Pacific Intelligent Pigging Market Size and Forecast, By Application
11.4 Asia Pacific Intelligent Pigging Market Size and Forecast, By Pipeline Type
11.5 Asia Pacific Intelligent Pigging Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Intelligent Pigging Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Intelligent Pigging Market Share Analysis, By Technology
12.3 Latin America Intelligent Pigging Market Size and Forecast, By Application
12.4 Latin America Intelligent Pigging Market Size and Forecast, By Pipeline Type
12.5 Latin America Intelligent Pigging Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Intelligent Pigging Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Intelligent Pigging Market Share Analysis, By Technology
13.3 Middle East Intelligent Pigging Market Size and Forecast, By Application
13.4 Middle East Intelligent Pigging Market Size and Forecast, By Pipeline Type
13.5 Middle East Intelligent Pigging Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Baker Hughes Company
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Corrosion Control Engineering
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Rouge Pipeline & Process Services
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Penspen
1.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Halfwave AS
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Romstar Sdb Bhd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Cokebusters Ltd. & Cokebusters Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Quest Integrity Group LLC
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 A.Hak Industrial Services
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 SGS SA
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies