Intelligent Pigging Market Scope The ‘global intelligent pigging market’ analysis is a specialized and in-depth study of the intelligent pigging that has a particular focus on its comprehensive trend analysis. Market Research Future study depicts that the market would experience a substantial CAGR of 4.89% during the forecast period 2016–2023. The study further provides key statistics on the market by analyzing the factors that drive, segmentation, and regional analysis to understand the market dynamics in the future. Market Drivers & Key Challenges One of the major driving factors that are influencing the global market for intelligent pigging to expand rapidly is accredited the increasing government mandates and regulations for pipeline inspection. In case of point, according to U.S. Environmental Protection Agency (EPA), safety regulations for operating pipelines are generally based on various factors such as pressure testing of the pipes, welding, accident reporting, corrosion control, construction, emergency preparedness, and many more. Pipeline and Hazardous Materials Safety Administration (PHMSA) operates an Integrity Management Program that comprises of inspection and repair program to provide attention to pipelines that pass through high consequence areas. These regulations are motivating the adoption of intelligent Pigging and can earn more valuation during the assessment period. At the same time, the beneficiaries and advantages it offers such as gathering information regarding incidence and location of corrosion, bends, and other anomalies in the pipelines are also to influence the market to expand considerably in the coming years. On the other hand, developing concern for the safety of pipelines and energy infrastructure is also key driver for the market’s growth. With this, the oil & gas industry has also observed foremost incidents of pipeline damage in the past, which has resulted in major product loss and accidents. Therefore, it is obligatory to inspect the pipeline infrastructure for oil & gas companies. By these activities, the market got significant traction, which led to the emergence at a higher level globally. Market Segmentation The world of global Intelligent Pigging Market Research has been segmented by pipeline type, technology, and application. In terms of pipeline type: Liquid and Gas are the segments. In terms of pipeline technology: Magnetic flux leakage, caliper, and ultrasonic are the segments. Among these, magnetic flux leakage segment is prominent being the top market share as it is majorly used in both liquid and gas pipelines and does not require any liquid couplant such as ultrasonic pigging. In terms of application: Metal loss/corrosion, crack & leak detection, and geometry measurement & bend detection are the segments. Among these, metal loss/corrosion segment of the market is likely to register the highest growth rate during the assessment period.
Regional Framework The overview of the global intelligent pigging market presents its analysis concerning five major regions, namely; North America, Europe, Asia-Pacific, and the rest of the world. As per the study conducted, North America is highly investing in oil and gas pipeline projects to fulfill the rising demand for energy resources. Likewise, under the rest of the world, the Middle East and Africa regions are also key regions of the intelligent pigging service market as the activity of significant production and exploration of crude oil and gas is done extensively, which substantially affects the market. Countries such as UAE, Iraq, Israel, and Egypt are the chief investors in pipeline projects that can drive the growth of the intelligent pigging market. In the case of point, Middle Eastern countries such as Iraq, Iran, Syria signed an agreement on investing USD 10 billion for a natural gas pipeline project. Also, Roftnet (Russia) invested USD 3.5 billion to take control of Iraq Kurdish’s main oil pipeline. These investments are recorded to boost the growth of the intelligent pigging market in the coming years. Market Players The vital players of global intelligent Pigging market are listed as Corrosion Control Engineering, (Australia), Baker Hughes (US), Penspen (UK), Halfwave AS (Norway), Quest Integrity Group (US), T.D.Williamson (US), Romstar (Malaysia), Rosen Group (Switzerland), Cokebusters (UK), Rouge Pipeline & Process Services (UAE), A.Hak Industrial Services (Netherlands), SGS SA (Switzerland), and NDT Global (UAE). About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com