Intelligent
Pipeline Pigging Market – Overview
Pipeline
inspection is an important aspect of the oil and gas sector, primarily due to
the need to ensure lesser accident rates. Reports that investigate the energy
and power industry have been presented by Market Research Future, which
produces reports on industry verticals that appraise the market expansion and
prospects. The market is anticipated to utilize a 4.89% CAGR in the upcoming
forecast period.
The
rise in governmental regulations is a key factor that is adding to the growth
of the Intelligent Pipeline Pigging Market. Moreover, the increasing need to
ensure risk mitigation and safety by assessing signs of metal loss is boosting
the demand for the Intelligent Pipeline Pigging Market. Moreover, the heavy
investments being made in energy infrastructure are expected to motivate the Intelligent
Pipeline Pigging Market in the upcoming year.
Segmental
Analysis
The
segmentation of the Intelligent
Pipeline Pigging Market has been carried out on the basis of
technology, pipeline type, application, and region.
On
the basis of pipeline technology, the Intelligent Pipeline Pigging Market is
segmented into caliper, magnetic flux leakage, and ultrasonic. The magnetic
flux leakage segment is controlling the market as it is primarily used in both
gas and liquid pipelines and does not need any liquid couplant like ultrasonic
pigging.
Based
on application, the Intelligent Pipeline Pigging Market is segmented into crack
& leak detection, metal loss/corrosion, and geometry measurement & bend
detection. The metal loss/corrosion segment in the Intelligent Pipeline Pigging
Market is projected to record the maximum growth rate during the forecast
period.
On
the basis of pipeline type, the Intelligent Pipeline Pigging Market is
segmented into liquid and gas.
On
the basis of region, the Intelligent Pipeline Pigging Market is segmented into
North America, Europe, Asia Pacific, and the rest of the world.
Regional
Analysis
The
regional examination of the Intelligent Pipeline Pigging Market covers regions
such as North America, Europe, Asia Pacific, and the rest of the world.
As
per the analysis, the North American region is devoting finances extensively in
the oil and gas pipeline projects to accomplish the rising demand for energy
resources. Besides, the Middle East and African region is one of the
significant regions of the intelligent pigging service market owing to the
substantial production level and search for crude oil and gas sources from the
region. Nations such as Iraq, UAE, Israel, and Egypt, among others, are
financing projects for pipelines which would motivate the development of the Intelligent
Pipeline Pigging Market. The investments in the market would increase the
growth pace of the Intelligent Pipeline Pigging Market. Moreover, the Intelligent
Pipeline Pigging Market is projected to observe significant growth through the
forecast period due to increasing investments in pipeline projects,
specifically in the oil & gas sector.
Competitive
Analysis
The
significant contenders in the Intelligent Pipeline Pigging Market are Corrosion
Control Engineering, (Australia), Baker Hughes (US), Rosen Group (Switzerland),
Rouge Pipeline & Process Services (UAE), Penspen (UK), Quest Integrity
Group (US), SGS SA (Switzerland), Halfwave AS (Norway), Romstar (Malaysia),
Cokebusters (UK), A.Hak Industrial Services (Netherlands), T.D.Williamson (US),
and NDT Global (UAE), among others.
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