Press release
Intelligent Pigging Market Projected to Reach USD 850.52 Billion at 5.2% CAGR Till 2026 | Major Players ROSEN Group, T.D. Williamson, Onstream Pipeline Inspection, NDT Global, Enduro Pipeline Services, Intertek Group, Dacon Inspection Services
Global Intelligent Pigging market is accounted for $535.12 billion in 2017 and is expected to reach $850.52 billion by 2026 growing at a CAGR of 5.2%. Improved government policy for pipeline assessment, concern over the security of pipelines along with energy infrastructure and benefits of smart pig solutions are impelling the market growth. However, unpiggable pipelines render smart pig unmanageable is hampering the market growth.
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Industry Insights:
Intelligent pigging services have been used for inspecting and maintaining the gas and oil pipelines for decades. These devices are most significant components to accident avoidance and pipeline protection. It can identify problems that can lead to this natural disaster before they happen. It also used in oil and gas pipelines to clean the pipes. At last, it provides assessment and cleaning services at the same time, saving companies both money and time.
Key Players:
Some of the key players in global Intelligent Pigging market include ROSEN Group, T.D. Williamson, Onstream Pipeline Inspection, NDT Global, Enduro Pipeline Services, Intertek Group, Dacon Inspection Services, LIN SCAN, Applus, Romstar, Penspen, ‘Quest Integrity Group, Cokebusters and Rouge Pipeline & Process Services.
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Market Segments:
Amongst technology, magnetic flux leakage segment dominated the global market and is expected to maintain its dominance over the forecast period, due to most preferred technology as it can be used in both gas and liquid pipelines and does not need any liquid couplant. North America will be the major revenue contributor to the Intelligent Pigging market throughout the forecast period, due to potential opportunities in this region.
Technologies Covered:
• Ultrasonic Test (UT)
• Caliper
• Magnetic Flux Leakage (MFL)
Applications Covered:
• Crack and Leak Detection
• Metal Loss/Corrosion Detection
• Geometry Measurement and Bend Detection
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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