Press release
Intelligent Pigging Market 2019 Comprehensive Analysis | Key Players – Baker Hughes, Corrosion Control Engineering, Rouge Pipeline & Process Services, Penspen, Halfwave AS, Romstar, Cokebusters, Quest Integrity Group
Intelligent Pigging Market
The global intelligent pigging market is expected to grow at a 4.89% CAGR during the forecast period. The global intelligent pigging market is projected to grow at a high rate during the forecast period due to the growing concern over the safety of pipelines and energy infrastructure. The oil & gas industry has witnessed major incidents of pipeline damage in the past, resulting in major product loss and accidents. Therefore, it is necessary to inspect the pipeline infrastructure for oil & gas companies. North America is investing extensively in oil and gas pipeline projects to fulfill the growing demand for energy resources.
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Key Players Analysis
The key players of 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.
Segmental Analysis
Global intelligent Pigging market has been segmented based on pipeline type, technology, application, and region. Based on pipeline technology, the market is classified into magnetic flux leakage, caliper, and ultrasonic. Magnetic flux leakage segment is leading the market as it is majorly used in both liquid and gas pipelines and does not require any liquid couplant like ultrasonic pigging. The global intelligent pigging market is further segmented based on application, including metal loss/corrosion, crack & leak detection, and geometry measurement & bend detection. Metal loss/corrosion segment of the global intelligent pigging market is estimated to register the highest growth rate during the forecast period.
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.
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Table Of Contents
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
Continued….
List Of Tables
Table 1 Global Intelligent Pigging Market, By Region, 2016-2023 (USD Million)
Table 2 North America Intelligent Pigging Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Intelligent Pigging Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Intelligent Pigging Market, By Country, 2016-2023 (USD Million)
Table 5 Rest Of The World Intelligent Pigging Market, By Country, 2016-2023 (USD Million)
Table 6 Global Intelligent Pigging Market, By Pipeline Type, 2016-2023 (USD Million)
Continued….
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