Pipeline Pigging Services Market 2020 Business Scenario – Rosen Group,T.D. Williamson, Inc., Baker Hughes Company, Romstar Sdn. Bhd., and Dacon Inspection Services Co Ltd

The Pipeline Pigging Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The market for pipeline pigging services is expected to grow at a CAGR of m5.7% during the forecast period of 2020 - 2025. The global demand for oil is expected to witness an annual growth rate of 1.2 million barrels per day (mbd) until 2023. Similarly, the global demand for natural gas is expected to increase by 1.6% a year for the period of 2018-2023, with consumption reaching almost 4,000 billion cubic meter (bcm) by 2022.

Despite significant advancements in the entire oil and gas industry, aging pipeline systems remain a major cause of concern, and requires continuous maintenance activities to ensure pipeline efficiency, which in turn, is likely to drive the market. Also, growing pipeline network is expected to drive the market as pipelines are an integral part of oil and gas infrastructure, and require high level of maintenance and conditioning to ensure proper on-site operations. On the other hand, ambiguity caused during data interpretation of the pipeline inspection process and, in some cases, the extra cost associated with the operation of the second pig is expected to act as a restraint for the pipeline pigging services market.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Pipeline Pigging Services Market: Rosen Group,T.D. Williamson, Inc., Baker Hughes Company, Romstar Sdn. Bhd., and Dacon Inspection Services Co Ltd.

Market Overview:

Intelligent Pigging Segment to Dominate the Market

- Intelligent pigging is used for inspecting the pipelines. It is widely used to gather important data, such as the presence and location of corrosion or other irregularities on the inner walls of the pipe.
- Since 2014, the government regulations dictate the pipeline operators must carry intelligent pigging once in 2.5 years, in turn, almost doubling the frequency of intelligent pigging in India, per km of pipeline which helps in driving the market during the forecast period.
- There are mainly two types of intelligent pigging operations, magnetic flux leakage (MFL) pigging and ultrasonic pigging. Magnetic flux leakage pigs can be used in both liquid and gas pipelines and does not require any liquid coolant as in ultrasonic pigging. Magnetic flux leakage pigs can detect and measure metal loss or corrosion and cracks and weld defects even in thin-walled pipelines, while ultrasonic pigs fail to identify and measure thin-walled pipelines accurately.
- The intelligent pigging can carry out many measurements, including geometry measurement, metal-loss detection, leak detection, pipeline profiling and mapping, temperature and pressure recording, bend measurement and curvature monitoring, product sampling, photographic inspection, wax deposit measurement, and crack detection.
- Therefore, due to technological advancements, the demand for intelligent pigging is expected to witness a significant growth which, in turn, drives the demand for pipeline service market.

North America to Dominate the Market

- As the demand for energy produced in North America continues to grow, the exploration and production would continue to move further towards harsh environments. In particular, the recent discovery of certain new extraction techniques has opened multiple oil & gas shale regions in extremely remote areas.
- In the United States, approximately 70% of crude oil and petroleum products are shipped through pipelines. In 2018, the United States crude oil production was 10.9 mb/d, an increase by 1.6 mb/d from 2017. Furthermore, it is expected to reach 12.1 mb/d in 2019 and 12.9 mb/d in 2020. Most of the increased production is expected to be generated from Texas and New Mexico.
- More than 60% of electricity generating capacity installed in 2018 was fuelled by natural gas. Almost 90% (19.3 GW) of the natural gas-fired capacity in the United States added in 2018 were combined-cycle generators, the most efficient natural gas-fired generating technology. Pennsylvania accounted for almost 25% (4.4 GW) of all 2018 domestic natural gas additions, and three other states namely Maryland, Virginia, and Florida accounted for about 30%.
- Unlocking the hydrocarbon resources in low permeability shale formations, the United States becomes one of the leading producers of oil and gas across the world and is expected to remain the same during the forecast period.
- In Canada, approximately 97% of natural gas and petroleum products are shipped through pipelines.
- Therefore, with increasing pipeline network, the demand for pipeline pigging services market in the region is expected to grow substantially during the forecast period.

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Regional Analysis For Pipeline Pigging Services Market:

For comprehensive understanding of market dynamics, the global Pipeline Pigging Services market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Pipeline Pigging Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2025.

Following are major Table of Content of Pipeline Pigging Services Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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