Global Intelligent 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 Intelligent
Pigging Market is anticipated to utilize a 4.89% CAGR in the upcoming
forecast period.
The
global intelligent pigging market is set to witness significant growth due to
government regulations and mandates regarding pipeline inspection and concerns
related to safety of pipelines and energy infrastructure. Lot of incidents has
been observed in oil & gas industry as corrosion can reduce weaken welds,
pipeline thickness, cause blockages, and threaten the integrity of the
pipeline. On the other hand, difficulty in inspecting unpiggable pipelines is
one of the major restraints for the global intelligent pigging market.
Industry Segmentation
The segmentation of the intelligent pigging market has
been carried out on the basis of technology, pipeline type, application, and
region.
On the basis of pipeline technology, the intelligent
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 pigging market
is segmented into crack & leak detection, metal loss/corrosion, and geometry
measurement & bend detection. The metal loss/corrosion segment in the
intelligent pigging market is projected to record the maximum growth rate
during the forecast period.
On the basis of pipeline type, the intelligent pigging
market is segmented into liquid and gas.
On the basis of region, the intelligent pigging market
is segmented into North America, Europe, Asia Pacific, and the rest of the
world.
Leading Players
The
key players of the global intelligent pigging market are Baker Hughes (US),
Corrosion Control Engineering, (Australia), Rouge Pipeline & Process
Services (UAE), Penspen (UK), Halfwave AS (Norway), Romstar (Malaysia),
Cokebusters (UK), Quest Integrity Group (US), A.Hak Industrial Services
(Netherlands), SGS SA (Switzerland), T.D.Williamson (US), Rosen Group
(Switzerland), and NDT Global (UAE).
Regional Analysis
North
America held the largest market share of the global intelligent pigging market
in 2017. North America region has some major players from the oil & gas
industry and prominent users of inline inspection services for intelligent
pigging. The intelligent pigging market would be mainly driven by increasing
awareness among pipeline operators about the benefits of maintenance of
pipelines and regular inspection. In addition, significant production and
exploration of crude oil and gas in Middle East & Africa would also have a
positive impact on the growth of intelligent pigging market during the forecast
period.
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