Press release
Intelligent Pigging Market Size 2019 – 2023 Key Players Baker Hughes, Corrosion Control Engineering, Rouge Pipeline & Process Services, Penspen, Halfwave AS, Romstar, Cokebusters, Quest Integrity Group, SGS SA, T.D.Williamson, Rosen Group and NDT Global
Intelligent Pigging Market
The global intelligent pigging market is expected to grow at a CAGR of 4.89% From 2018 to 2023. Intelligent pigging is a technique wherein an inspection probe, commonly known as smart pig, is involved in pipeline inspection, measuring pipe wall thickness, and metal loss by direct measurement of the thickness of the pipe wall. This market has various advantages such as it helps in cleaning and inspecting the pipelines without the need to stop the flow of product. It also has the ability to provide a accurate value for local wall thickness whilst being small, lightweight, and easy to mobilize. The key factors driving the growth of the intelligent pigging market is stringent government regulations for pipeline inspections, benefits of intelligent pigging solutions, and concern over the safety of pipelines.
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Key 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), among others.
Scope of the Report
This report provides an in-depth analysis of the global intelligent pigging market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the intelligent pigging market by its pipeline type, technology, application, and by region.
Market Segmentation
By Pipeline Type
• Liquid
• Gas
By Technology
• Magnetic Flux Leakage
• Caliper
• Ultrasonic
By Application
• Metal Loss/Corrosion
• Crack and Leak Detection
• Geometry Measurement and Bend Detection
By Regions
• North America
• Asia-Pacific
• Europe
• Rest of the World
North America is estimated to hold the largest share during the forecast period
Region wise, 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.
Brief TOC of Intelligent Pigging Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Supplier
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continue…
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