Overview:
Intelligent pigging refers to the inspection of pipelines using digital technology to understand the condition of pipeline. A pig is the device that travels through pipeline to clean and inspect the pipeline. Globally, the pipeline network for oil & gas product is over 3 million Km long transporting oil & gas products worldwide. During oil & gas pipeline operations the most common problem are corrosion, sludge and wax deposition. To address such issues pipeline inspection and maintenance is done periodically to avoid any damage to pipeline.
Intelligent Pigging services market is projected to gain traction with increasing demand for oil & gas products. Oil & gas industry has witnessed major incidents of pipeline damage in the past resulted in major product loss and accidents. Therefore, keeping pipeline infrastructure healthy becomes necessity for the oil & gas companies. Moreover, regulatory policies across the globe regulating pipeline operations and oil spillage are also fueling the demand for intelligent pigging services. However, shrinking IT budget of the oil & gas companies due to slowdown in oil & gas industry is expected to restraint the growth of global intelligent pigging services market.
North America is expected to be the most dominant region in the global pigging service market over the forecast period. Increasing oil & gas production coupled with regulatory policies is anticipated to augment the growth of intelligent pigging services market in the region.
Intelligent pigging services market in Europe and MEA are projected to register significant growth by 2023 due to growing oil & gas pipeline network in the region. Apart from this, rising demand for oil & gas products is anticipated to fuel the growth of intelligent pigging services market in Asia Pacific region over the period 2016-2023.
The leading players identified across the value chain of intelligent pigging services market are focusing on research and development of innovative products to make the pigging operations more efficient.
Global Intelligent Pigging Services Market is segmented on the following bases:
- By Technology
- Magnetic Flux Leak detection
- Ultrasonic testing
- By End Use
- Oil Products
- Gas Products
- By Geography
- North America
- Europe
- U.K.
- France
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- Rest of World
- Latin America
- Brazil
- Rest of Latin America
- Middle-East & Africa
- Africa
Key Players Identified Across the Value Chain in the Intelligent Pigging Services Market include but are not limited to:
Baker Hughes Incorporated, T.D. Williamson, Inc, NDT Global and Enduro Pipeline Services Inc and General Electric., others.
This report offers:
- An overview of the global intelligent pigging services market
- Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global intelligent pigging services market
- This report includes estimation of market size for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global intelligent pigging services market.
