Press release
Intelligent Pigging Services Market is Expected to Represent US$ 826.5 Million by 2025
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The global intelligent pigging services market is segmented on the basis of regions into North America, Eastern Europe, Middle East & Africa, Asia Pacific Excluding Japan (APEJ), Western Europe, Latin America and Japan. North America accounted for 48.9% revenue share in the global intelligent pigging services market in 2014, and is expected to continue to dominate the global market over the forecast period. One of the smallest intelligent pigging services market, Latin America is expected to register the highest CAGR during the forecast period. The APEJ market is projected to register a CAGR of 7.1% over the forecast period
Key players across the supply chain in the global intelligent pigging services market include OEMs/vendor of intelligent pigging services and oil & gas explorers and producers. The OEMs/vendors that we have analysed are LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas (PII Pipeline Solutions), NDT Global and Enduro Pipeline Services Inc. The oil & gas explorers and producers analysed in the report are Petrobras, OMV Group, ConocoPhillips and Royal Dutch Shell Plc. Major OEMs/vendors operating in the global market are focused adopting advanced inspection technologies to enhance efficiency of services. Pipeline operators are entering into long-term supply contracts with OEMs/vendors to minimize effect of increasing costs of intelligent pigging services.
In future, OEMs/vendors should continue investing in the North America and Eastern Europe market. At the same time, APEJ and Latin America are expected to generate significant demand for intelligent pigging services. OEMs/vendors should focus on improving combinational technologies, as these are more effective and advanced that individual technologies currently used for pigging services.
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/intelligent-pigging-market/toc
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