Category

Intelligent Pigging Market Size, Share, Opportunities, And Trends By Technology (Magnetic Flux Leakage, Caliper, Ultrasonic), By Pipeline Type (Liquid, Gas), By Application (Dimensional Management, Metal Loss Detection, Leakage Detection, Pipeline Mapping), And By Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061611603 | Pages:  114

The intelligent pigging market is estimated to witness a CAGR of 4.08% to reach US$768.309 million in 2024 from US$604.271 million in 2018. Intelligent pigging is a technique which involves propelling of a smart pig in a pipeline to gather important data in order to schedule maintenance while ensuring effective continuity in operations. The demand for intelligent pigging solutions is growing on account of the rising number of global ties leading to the delivery of oil and gas among others from one country to another through pipelines. For instance, the construction of US$8 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipe line has been started in February 2018 and is estimated to be operational by the end of 2019. Such pipelines have been laid out globally and require continuous inspection in order to ensure effective and smooth transportation. Moreover, the number of refineries has been steadily increasing with the oil exploration activities picking up pace globally which is further anticipated to push the growth of the market due to the frequent need of pipeline inspection for effective functioning. Additionally, the growing urbanization is leading to rising construction of fuel stations and laying of sewage pipelines globally which is further anticipated to boost the market during the forecast period. The Intelligent pigging market has been segmented on the basis of technology, pipeline type, application, and geography. In the technology segment magnetic flux leakage is anticipated to hold a significant share owing to its application in both gas and liquid pipelines. Geographically, the North America intelligent pigging market is expected to grow rapidly on account of growing oil exploration activities in the United States, while the Middle East and Africa region is estimated to hold a significant share in the market on account of the presence of the oil field and growing trade between the oil countries with the rest of the world. Similarly, the Asia Pacific intelligent pigging market is estimated to grow at a robust pace on account of the growing investment and increasing trend of urbanization.

DRIVERS

Rising government regulations for pipeline inspection.

Growing Oil & Gas industry.

INDUSTRY UPDATE

In February 2019, Dacon Inspection Technologies continued their expansion with the successful inspection of crude oil pipelines in India. Successful ILI runs were made using a combination of Dacon’s Caliper followed by magnetic flux leakage tools.

In August 2018, Dacon and Suez water technologies & solutions co. ltd. entered into a collaboration by signing a technical partnership on Joint supply & services of Pipeline Inspection, Pipeline Cleaning and related technical services for piping and pipelines to expand their business in Thailand.

In December 2017, SGS and i2i Pipelines, a technology company based in Manchester, UK, signed a cooperation agreement to deploy smart pigging solutions in a wide range of industries and clients worldwide.

The major players profiled in the Intelligent Pigging market include Dacon Inspection Technologies, SGS SA, Rosen Group, Intertek Group plc, General Electric, Quest Integrity, NDT Global Corporate Limited, TD Williamson, Inc., Romstar Group

Segmentation

The Intelligent Pigging market has been analyzed through the following segments:

By Technology

Magnetic Flux Leakage

Caliper

Ultrasonic

 

By Pipeline Type

Liquid

Gas

 

By Application

Dimensional Management

Metal Loss Detection

Leakage detection

Pipeline Mapping

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the intelligent pigging market size by 2024?
A1. The intelligent pigging market is estimated to reach the market size of US$768.309 million by 2024.
 
Q2. What is the size of global intelligent pigging market?
A2. Intelligent Pigging market was valued at US$604.271 million in 2018.
 
Q3. What are the growth prospects for intelligent pigging market?
A3. The intelligent pigging market is estimated to witness a CAGR of 4.08% during the forecast period.
 
Q4. Which region holds the maximum market share of the intelligent pigging market?
A4. Geographically, the North America intelligent pigging market is expected to grow rapidly on account of growing oil exploration activities in the United States, while the Middle East and Africa region are estimated to hold a significant share in the market on account of the presence of the oil field and growing trade between the oil countries with the rest of the world.
 
Q5. What factors are anticipated to drive the intelligent pigging market growth?
A5. The demand for intelligent pigging solutions is growing on account of the rising number of global ties leading to the delivery of oil and gas among others from one country to another through pipelines.

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