Thursday, 30 January 2020

Intelligent Pipeline Pigging Market Segmentation, Strategic Assessment, Technological Advancement, Comprehensive Analysis till 2023


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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