Press release
Intelligent Pigging Market Valued at USD 785.83 Million in 2023, Projected to Grow at a 5.9 Percentage CAGR Through 2030
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ซ ๐๐๐๐ซ๐๐๐ฌ๐ ๐๐จ๐ซ ๐ฐ๐ก๐๐ญ ๐๐จ๐ง๐ญ๐๐ข๐ง๐ฌ :The Intelligent Pigging Market is experiencing a significant increase in demand, driven by a variety of factors. Growing consumer awareness of health and wellness, coupled with a rise in lactose intolerance and dairy allergies, is steering people towards plant-based milk and dairy substitutes. Additionally, concerns over the environmental impact of dairy farming are leading more individuals to choose sustainable and eco-friendly alternatives. Innovations in product offerings, such as improved taste and texture of plant-based milk, yogurts, and cheeses, are further fueling market growth. The expansion of retail channels and increased availability of Intelligent Pigging in mainstream supermarkets also contribute to the market's positive trajectory. As consumer preferences continue to shift towards healthier and more sustainable options, the demand for Intelligent Pigging is expected to rise, supporting continued market expansion.
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
A CAGR of 5.9% is predicted for the intelligent pigging market, which was estimated to be worth US$ 785.83 million in 2023 and would rise to US$ 785.83 million by 2024 to 2030. The demand for the Global Intelligent Pigging Market has increased due to the corrosion detecting segment's expanding trend of use.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/3782/
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฒ๐ฉ๐ ๐จ๐ ๐๐ข๐ฉ๐๐ฅ๐ข๐ง๐
Liquid
Gas
Liquid and gas comprise the subsegments of the Intelligent Pigging market. In 2023, the gas category retained a 70% share, making it the dominant segment in the global market. Gas pipeline infrastructure is being developed nationwide to lower transportation costs and enhance the availability of various types of gas for industrial and residential use. By 2023, natural gas transportation via the gas pipeline network will have satisfied over 77.3 million US consumers. Therefore, the gas pipeline segment is attracting clever pigging devices due to the necessity for safety and speedy problem detection technologies, among other things.
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Corrosion detection
Geometry measurement & bend detection
leak detection
The segments of the intelligent pigging market are fracture & leak detection, geometry measurement & bend detection, and corrosion detection. The market leader in the world, corrosion detection, was estimated to be worth US$ 125.5 million in 2021. Because of the reaction that occurs between oxygen and hydrogen, metal is corroding. The oil and gas industries have recently suffered enormous losses as a result of this corrosion. Big companies are becoming interested in intelligent pigging because it incorporates corrosion detection technology. For instance, the United States loses US$ 300 billion annually as a result of its 50-year-old pipeline network.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Magnetic flux leakage
Ultrasonic
the intelligent pigging market is sub-segmented into magnetic flux leakage and ultrasonic. The magnetic flux leakage segment dominates the market and it held a share of 50% in 2023. It is a non-destructible testing method used to find the corrosion and loss of metals in the pipeline networks. The cost of this segment is low, simple to operate, and helps in the detection of surface and sub-surface flaws. The magnetic flux leakage segment is in high demand because of its high-speed inspection, good sensitivity to pitting, and suitability for all ferromagnetic materials. As a result, the magnetic flux leakage segment is expected to reach a CAGR of 4.1 % during the forecast period.
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The intelligent pigging market is a rapidly evolving sector within the oil and gas industry, focusing on the inspection and maintenance of pipelines. Intelligent pigging involves the use of advanced tools known as "pigs," equipped with sensors and data collection capabilities, to navigate through pipelines and assess their condition. These devices help detect issues such as corrosion, cracks, and other structural anomalies, ensuring the integrity and safety of pipeline systems. The market is driven by the increasing emphasis on regulatory compliance, the need to prevent environmental hazards, and the demand for reliable energy transportation. Technological advancements, such as enhanced data analytics and real-time monitoring, are further enhancing the capabilities of intelligent pigging, making it an essential tool in the proactive maintenance and management of pipeline infrastructure. As the global energy sector continues to expand, the intelligent pigging market is poised for significant growth, with a focus on innovation and operational efficiency.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/3782/
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Intelligent Pigging market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Intelligent Pigging , are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The approach that gives investors relevant information by combining SWOT and descriptive analysis is covered in the report. The study's main objective is to provide a comprehensive picture of the Intelligent Pigging market. The process of gathering data uses a variety of methods, such as surveys and questionnaires. Following this, mathematical, statistical, and numerical approaches are used to evaluate the data. It takes a combination of qualitative and quantitative research approaches to identify Intelligent Pigging market trends, so gathering and processing data is crucial.By carefully examining the situation of buyer-direct, RD initiatives, innovative forms of development, cutting-edge industry techniques, and market consolidations and acquisitions, the research evaluates the potential futures of the market. The research includes methods, organizational charts, portfolios, and a critical evaluation of well-known corporate executives. Intelligent Pigging Doors underwent a thorough PESTLE study and SWOT analysis in order to provide microeconomic variables and detect market trends.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/3782/
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. T.D. Williamson
2. Baker Hughes
3. Rosen Group
4. NDT Global
5. Enduro Pipeline Services
6. Intertek Group
7. Applus
8. Lin Scan
9. Dacon Inspection Services
10. Onstream Pipeline Inspection
11. SGS SA
12. Hak Industrial Services
13. Quest Integrity Group
14. Cdria Pipeline Services
15. Cokebusters
16. Romstar
17. Halfwave As
18. Penspen
19. Rouge Pipeline & Process Service
20. Corrosion Control Engineering
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐:https://www.maximizemarketresearch.com/market-report/global-intelligent-pigging-market/3782/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Intelligent Pigging?
โข What is the growth rate of the Intelligent Pigging?
โข Which are the factors expected to drive the Intelligent Pigging market growth?
โข What are the different segments of the Intelligent Pigging?
โข What growth strategies are the players considering to increase their presence in Intelligent Pigging?
โข What are the upcoming industry applications and trends for the Intelligent Pigging?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Intelligent Pigging?
โข What major challenges could the Intelligent Pigging face in the future?
โข What segments are covered in the Intelligent Pigging?
โข Who are the leading companies and what are their portfolios in Intelligent Pigging?
โข What segments are covered in the Intelligent Pigging?
โข Who are the key players in the Intelligent Pigging market?
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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