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 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.
Intelligent
pigging is an inspection technique in
which inspection probe/smart pig is propelled through pipeline in order to gain
data regarding location of corrosion, and other anomalies on walls of pipe.
Intelligent pigging’s technology include Magnetic Flux Leakage, Caliper, and
Ultrasonic. The pipeline type include liquid and gas. The key applications of
intelligent pigging are Metal Loss/Corrosion Detection and Crack and Leak
Detection. The global intelligent pigging market is estimated to expand at
4.89% CAGR during the forecast period. Adapting to the recent novel COVID-19
pandemic, the impact of the COVID-19
on Intelligent Pigging Market
is included in the present report.
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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NOTE: Our team of researchers are studying
Covid19 and its impact on various industry verticals and wherever required we
will be considering covid19 footprints for a better analysis of markets and
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