Intelligent Pigging Market Dynamics, Research Methodology, Drivers, Restraints, Growth Strategy, Opportunities, Size, Share, Competitive Scenario and Global Forecast to 2023

Intelligent Pigging Market Research Report Segmented by Pipeline Type (Liquid, Gas), Technology (Magnetic Flux Leakage, Caliper, Ultrasonic), Application (Metal Loss, Crack and Leak Detection, Geometry Measurement), and Region (North America, Europe, Asia-Pacific, Row)– Global Forecast till 2023

Pune, India - August 12, 2019 /MarketersMedia/ —

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.

Intelligent pigging is a technique wherein an inspection probe, commonly known as smart pig, is involved in pipeline inspection, measuring pipe wall thickness, and metal loss by direct measurement of the thickness of the pipe wall. This market has various advantages such as it helps in cleaning and inspecting the pipelines without the need to stop the flow of product. It also has the ability to provide a accurate value for local wall thickness whilst being small, lightweight, and easy to mobilize. The key factors driving the growth of the intelligent pigging market is stringent government regulations for pipeline inspections, benefits of intelligent pigging solutions, and concern over the safety of pipelines.

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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. 

Segmental Analysis

Global intelligent Pigging market has been segmented based on pipeline type, technology, application, and region.

Based on technology, the market is segmented as magnetic flux leakage, caliper, and ultrasonic. Magnetic flux leakage segment is leading the market as it is majorly used in both liquid and gas pipelines and does not require any liquid couplant like ultrasonic pigging. 

The global intelligent pigging market is further segmented based on application, including metal loss/corrosion, crack & leak detection, and geometry measurement & bend detection. Metal loss/corrosion segment of the global intelligent pigging market is estimated to register the highest growth rate during the forecast period. 

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), among others.

Regional Analysis

Region wise, 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.

Scope of the Report

This report provides an in-depth analysis of the global intelligent pigging market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the intelligent pigging market by its pipeline type, technology, application, and by region.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

Continued……

List Of Tables

Table 1 Global Intelligent Pigging Market, By Region, 2016-2023 (USD Million)

Table 2 North America Intelligent Pigging Market, By Country, 2016-2023 (USD Million)

Table 3 Europe Intelligent Pigging Market, By Country, 2016-2023 (USD Million)

Table 4 Asia-Pacific Intelligent Pigging Market, By Country, 2016-2023 (USD Million)

Table 5 Rest Of The World Intelligent Pigging Market, By Country, 2016-2023 (USD Million)

Continued………

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