Global Intelligent Pigging Market was valued at US$ 661.68 Mn. in 2020 and expected to grow at a CAGR of 5.9 % during the forecast period (2021-2027). Thanks to the growing trend of corrosion detection segment use have boosted demand for Global Intelligent Pigging Market.
Intelligent Pigging Market Overview:
Maximize Market Research provides a brief description of Global Intelligent Pigging Market, provides the latest snapshots of the market, and best understands its features. The report provides an overview of the market with standard topics highlighted with data adjusted as needed. This overview will help you decide how to approach the market and understand the situation in the industry. This research methodology has been applied to examine the Global Intelligent Pigging Market and these findings have been logically mentioned in this report.
Intelligent pigging is a method of cleaning and inspecting pipelines using non-destructive methods such as ultrasonic testing and magnetic flux techniques. Originally, the pig was intended to clear dirt and debris from pipes, but as technology progressed, intelligent pigs were available. These are utilised in the pipeline to detect stress corrosion cracking, pitting corrosion, gouges, dents, and longitudinal fractures. Utility pigs, in-line inspection pigs, and gel pigs are three different sorts of pigs. Intelligent pigging is in high demand because it provides pipeline safety and product delivery at a low cost, improves pipeline safety when operating at high pressure, and aids in pipeline maintenance management.
Market Scope:
The Intelligent Pigging market report thoroughly covers analysed insights of key players in terms of market, applications, and geographies to help you identify competition both domestic and globally. The research also includes available micro market investment options for investors, as well as a full analysis of the competitive landscape and significant product offered by companies.
Intelligent Pigging Report provides in-depth knowledge and comprehension of trends, dynamics, and other topics. The research identifies the most important trends that will have an impact on the business. It aids in the identification of the information included in the research determining the competitive landscape of key companies, factors affecting the market, and other aspects that can help you determine whether your present marketing plans are on track and how to enhance them.
Intelligent Pigging Market Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Intelligent Pigging Market segments which include products, applications, and competitor analysis.
Growing public awareness about pipeline safety in sectors, government laws for public safety, and the global economy's development are the primary drivers driving the market's growth. Pipeline explosions in recent days have resulted in environmental damage, life-threatening situations, and corporate losses. A Texas gas explosion, for example, killed two people and injured two more in June 2021. Intelligent pigging appeals to the global market for these reasons.
The Pipeline and Hazardous Material Safety Administration (PHMSA) of the United States Department of Transportation issued regulations to assure pipeline operations' safety, security, monitoring, and compliance. According to the "Canada Energy Regulation," Canada has more than 70 oil and gas pipeline connections over the US-Canada border, with an estimated 840000 km of commodity transmission. The intelligent pigging market is growing due to the presence of huge pipeline infrastructure and tight regulations across nations.
Hifi Engineering Inc.'s "HDS Pipeline Pig Management Application" (PMA) is an example of technological advancement. For pig detection and pipeline network tracking, this system employs powerful machine learning and artificial intelligence. Intelligent pigging devices are becoming more efficient thanks to advancements in tracking technologies such as geophones, very low frequency (FLF) transmitters, and above-ground markers (AGMs). These are some recent advancements that have aided market expansion.
The high cost of installation, lack of investment in technological developments, need for regular maintenance, non-availability of skilled labour, chances of getting stuck in pipelines, and difficulty operating in varying diameters and sharp bends are some of the factors limiting the growth of the intelligent pigging market.
PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors like tax policy, environmental regulations, tariffs etc. helps you determine the extent to which a government may influence the Intelligent Pigging market. Economic factors like interest, exchange, inflation and wage rates, minimum wage, etc. helps in analysing determinants to economy’s performance that impacts Intelligent Pigging market.
Social factors like cultural norms and expectations, health consciousness, population growth rates etc. helps in planning marketing analytics and strategies. Technological factors like innovations and developments in technologies can impact market growth. Legal factors like changes to legislation impacting employment, access to materials, etc. can help you understand the impact on market in a region or country. Legal factors helps in understanding effect of the surrounding environment and the influence of ecological aspects for Intelligent Pigging market.
Competitive Landscape and Intelligent Pigging Market Share Analysis:
The competitive landscape for the Intelligent Pigging market gives statistics and data on the various competitors. The study provides a detailed analysis and reliable revenue information for the player from 2018 to 2021. It also includes a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Intelligent Pigging business, date of entry into the Intelligent Pigging market, Intelligent Pigging product introduction, recent advancements, and other details are given.
Request for free sample: https://www.maximizemarketresearch.com/request-sample/3782
Get more Report Details
Segmentation:
The Intelligent Pigging market can be divided into two categories: liquid and gas. The gas segment dominates the global market, accounting for 70% of total market share in 2020. Gas pipeline infrastructure is being built across countries to lower transportation costs and enhance the availability of various types of gas for industrial and home consumption. Natural gas transportation through a network of gas pipelines will satisfy more than 77.3 million US users by 2020. So, in the gas pipeline segment, the demand for safety and speedy problem detection technologies, among other things, is attracting sophisticated pigging devices.
Corrosion detection, geometry measurement and bend detection, and fracture and leak detection are the three segments of the intelligent pigging market. The corrosion detection segment is the largest in the world, with a market value of US$ 125.5 million in 2020. Metal corrosion occurs as a result of the reaction between oxygen and hydrogen. The oil and gas industries have recently suffered significant losses as a result of this corrosion. Corrosion detection technology is being used in intelligent pigging, which is attracting huge companies. The presence of 50-year-old pipes across the United States, for example, costs the country $300 billion every year.
Magnetic flux leakage and ultrasonic pigging are two sub-sectors of the intelligent pigging market. The magnetic flux leakage section is the market leader, with a market share of 50% in 2020. It is a non-destructive testing technology that is used to detect metal corrosion and loss in pipeline networks. This segment has a low cost, is easy to use, and aids in the detection of surface and sub-surface faults. Because of its high-speed inspection, good sensitivity to pitting, and compatibility for all ferromagnetic materials, the magnetic flux leakage segment is in high demand. As a result, throughout the projected period, the magnetic flux leakage segment is expected to grow at a CAGR of 4.1 percent.
Key Players:
• T.D. Williamson
• Baker Hughes
• Rosen Group
• NDT Global
• Enduro Pipeline Services
• Intertek Group
• Applus
• Lin Scan
• Dacon Inspection Services
• Onstream Pipeline Inspection
• SGS SA
• Hak Industrial Services
• Quest Integrity Group
• Cdria Pipeline Services
• Cokebusters
• Romstar
• Halfwave As
• Penspen
• Rouge Pipeline Process Service
• Corrosion Control Engineering
The competitive landscape is an important component of Intelligent Pigging market that every crucial player should be aware of. The research report covers the competitive landscape of the worldwide Intelligent Pigging market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. The report also focuses on BCG matrix, competitive benchmarking, and SWOT analysis in addition to Intelligent Pigging Market Share analysis of companies, detailed profiling of products and business overview.
Regional Analysis:
Our reports' Regional insights ensure that you are well-informed on the Intelligent Pigging market on a regional level. Understanding local energy, economic, political, and geographic variables is critical for any meaningful assessment of viable policy options in response to global market change. Our report enables you to understand regional insights ensuring the effects on Intelligent Pigging market and local growth opportunities, restraints domestic area wise as well.
COVID-19 Impact Analysis on Intelligent Pigging Market:
COVID-19 has a thorough impact on the Intelligent Pigging market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report offered by Maximize Market Research. During this crisis, our report presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Intelligent Pigging market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. The updated study provides insights, analysis, estimates, and forecasts that take into account the impact of COVID 19 on the Intelligent Pigging market.
Key Questions answered in the Intelligent Pigging Market Report are:
- Which product segment grabbed the largest share in the Intelligent Pigging market?
- How is the competitive scenario of the Intelligent Pigging market?
- Which are the key factors aiding the Intelligent Pigging market growth?
- Which region holds the maximum share in the Intelligent Pigging market?
- What will be the CAGR of the Intelligent Pigging market during the forecast period?
- Which application segment emerged as the leading segment in the Intelligent Pigging market?
- Which are the prominent players in the Intelligent Pigging market?
- What key trends are likely to emerge in the Intelligent Pigging market in the coming years?
- What will be the Intelligent Pigging market size by 2027?
- Which company held the largest share in the Intelligent Pigging market?
If You Have Any Questions About This Report? Please Contact Us On the link mentioned below: https://www.maximizemarketresearch.com/market-report/global-intelligent-pigging-market/3782/
About Us:
Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
Read more related insights:
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway,
Narhe, Pune, Maharashtra 411041, India.
Email: sales@maximizemarketresearch.com
Phone No.: +91 20 6630 3320
Website: www.maximizemarketresearch.com
