Press release
Intelligent Pigging Market 2026, Increasing Demand with Leading key players Baker Hughes, ROSEN Group, T.D. Williamson, Mistras, NDT Global, Enduro Pipeline Services, Intertek Group, Dacon Inspection Services, LIN SCAN, and Applus.
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/intelligent-pigging-market-101192
Fortune Business Insights profiles some of the renowned companies operating in the intelligent pigging market. They are as follows:
o Applus
o Baker Hughes
o Enduro Pipeline Services
o ROSEN Group
o Dacon Inspection Services
o T.D. Williamson
o LIN SCAN
o Mistras
o Intertek Group
o NDT Global
The report offers elaborate information regarding the intelligent pigging market trends, key developments, regional analysis, growth drivers, obstacles, and key players. It further highlights accurate market value, size, and volume. Besides, it provides in-depth data about all the possible segments that are present in the market.
Oil and Gas Segments to Dominate: Ever-increasing Population Will Fuel Growth
On the bases of type, the market is divided into liquid and gas. Both of them will remain dominant in the market owing to the ever-increasing demand for oil and gas. Furthermore, the population is growing day by day, which in turn, is increasing the purchasing power of the masses. Combined with these, a rise in the international relations among different countries to provide crude oil will boost growth of the oil segment.
Rising Investment in Production & Exploration Activities to Favor Growth in the Middle East and Africa
The intelligent pigging market is geographically segregated into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. Out of these regions, in the Middle East and Africa, numerous countries, such as Egypt, Israel, Iraq, and the U.A.E., are rich in oil and gas resources. Several key players in these regions are also investing huge sums in the exploration and production activities for oil and gas. Moreover, increasing investment in pipeline projects to export oil and gas in other countries of the world would lead to the intelligent pigging market growth in both regions.
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North America, on the other hand, is expected to exhibit significant growth owing to the presence of shale oil. It houses an aging pipeline infrastructure as well as an extensive pipeline network that needs persistent maintenance. Moreover, companies are looking forward to develop the infrastructure for transporting oil and gas. Hence, they are investing extensively for the same cause. In Asia Pacific, there is a rise in the rate of investment to discover new oil reserves. In Europe, the market is projected to grow at a rapid rate during the forecast period. The growth is likely to occur because of the increasing adoption of innovative technology in the oil fields.
Key Industry Developments
The market is dominated by a few of the leading organizations due to their high market share, strong product portfolio, and notable strategic decisions. They also undertake constant research and development activities and possess an extensive geographic presence, which, in turn, results in steady regulatory approvals. Organizations are aiming to achieve contracts from other key players to increase intelligent pigging market share. Below are two of the latest industry developments:
o January 2019: Dacon Inspection Services, a provioder of NDT services, pipeline integrity management, and inspection solutions, headquartered in Thailand, announced that it has successfully received a contract from a large American oil and gas company. The contract would enable Dacon to inspect the American company's offshore oil rigs by using unmanned aerial systems (UAS) in Singapore and Thailand. The scope of the inspection is not fully disclosed yet. However, Dacon will examine and report on tower bridges, flare towers, and turbine exhausts support. It will also perform external perimeter sweeps.
o May 2019: Baker Hughes, an international industrial service company, based in Texas, declared that it has bagged a contract for subsea control Semstar5 systems, medium water horizontal Xmas trees, and wellheads. The company will implement its Subsea Connect system to bring together advanced technologies, digital enablement, early engagement, and creative commercial models to boost project certainty and economics.
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Major Table of Content For Intelligent Pigging Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Intelligent Pigging Market Analysis, Insights and Forecast, 2026
6. North America Intelligent Pigging Market Analysis, Insights and Forecast, 2026
7. Europe Intelligent Pigging Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Intelligent Pigging Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Intelligent Pigging Market Analysis, Insights and Forecast, 2026
10. Latin America Intelligent Pigging Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
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APAC : +91 744 740 1245
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