Intelligent Pigging Market: Global Industry Analysis And Forecast (2022-2029)

Intelligent Pigging Market was valued at US$ 700.71 Mn. in 2021 and expected to grow at a CAGR of 5.9 % during the forecast period (2021-2029). Thanks to the growing trend of corrosion detection segment use have boosted demand for Global Intelligent Pigging Market.

Intelligent Pigging Market Overview:

An Intelligent Pigging is a process of cleaning and inspection of pipes through the use of non-destructible techniques like ultrasonic testing and magnetic flux techniques. Initially, the pig is used to remove the dirt and debris from the pipelines but due to the development of technology intelligent pigs are came into existence. These are used to detect stress corrosion cracking, pitting corrosion, gouges, dents, and longitudinal cracks in the pipeline. The different types of pig are utility pig, in-line inspection pig, and gel pig. Increasing demand for intelligent pigging is because they provide pipeline safety and product delivery at an economic cost, improve safety in pipeline operation at high pressure, and help in managing the timely repair of pipeline. As a result of these features, the global intelligent pigging market is expected to reach US$ 988.37 Mn. by 2029. Intelligent Pigging MarketTo know about the Research Methodology:- Request Free Sample Report

Intelligent Pigging Market Dynamics:

Growing awareness about the safety of pipelines in industries, government regulations for the safety of the people, and the development of the global economy are the major factors driving the growth of the market. In recent day’s pipeline explosions caused environmental damage, hazard to lives, and loss of investment to the business. For example in June 2021, two people died and two got injured in a Texas gas explosion. Because of these reasons, intelligent pigging attracts the global market. In the USA, The Department of Transportation’s Pipeline and Hazardous Material Safety Administration (PHMSA) made regulations to ensure pipeline operations safety, security, monitoring, and compliance. According to “Canada Energy Regulation”, Canada contains more than 70 oil and gas pipeline connectivity across the US-Canada cross border and the estimated transmission of commodities is about 840000 km. presence of large pipeline infrastructure and strict regulations across the countries driving the growth of the intelligent pigging market. Technological developments like the “HDS Pipeline Pig Management Application” (PMA) developed by Hifi Engineering Inc. This technology uses advanced machine learning and artificial intelligence for the detection of pig and tracking of pipeline networks. Development in tracking systems like geophones, extremely low frequency (FLF) transmitters, and above-ground markers (AGMs) increases the efficiency of intelligent pigging devices. These are some recent developments adding an advantage to the market growth. Some of the factors affecting the growth of the intelligent pigging market are its high cost of installation, lack of investment in technological developments, need for regular maintenance, non-availability of skilled labors, chances of getting stuck in the pipelines and it is difficult to operate in varying diameter and sharp bends.

Intelligent Pigging Market Segment Analysis:

Based on Type of Pipeline Segment, The Intelligent Pigging market is sub-segmented into liquid and gas. The gas segment dominates the global market and it held a share of 70% in 2021. To reduce the cost of transportation and increase the availability of different type’s gas for industrial and household use, gas pipeline infrastructure is developing across the countries. In 2021, more than 77.3 Mn. US customers are satisfied by natural gas transportation through the network of gas pipelines. So need for safety and quick problem detection technologies etc. are attracting intelligent pigging devices in the gas pipeline segment. Based on Technology Segment, the intelligent pigging market is sub-segmented into corrosion detection, geometry measurement & bend detection, and crack & leak detection. The corrosion detection segment dominates the global market and was valued at US$ 125.5 Mn in 2021. Due to the reaction with oxygen and hydrogen metal corrosion taking place. Because of this corrosion, oil and gas industries are experiencing huge losses in recent days. The presence of corrosion detection technology in intelligent pigging is attracting large industries. For example, the USA loses US$ 300 Bn per year because of the presence of 50 years old pipelines across the country. Based on Application Segment, the intelligent pigging market is sub-segmented into magnetic flux leakage and ultrasonic. The magnetic flux leakage segment dominates the market and it held a share of 50% in 2021. It is a non-destructible testing method used to find the corrosion and loss of metals in the pipeline networks. The cost of this segment is low, simple to operate, and helps in the detection of surface and sub-surface flaws. The magnetic flux leakage segment is in high demand because of its high-speed inspection, good sensitivity to pitting, and suitability for all ferromagnetic materials. As a result, the magnetic flux leakage segment is expected to reach a CAGR of 4.1 % during the forecast period.

Intelligent Pigging Market Regional Insights:

North America is the dominating region in the global Intelligent Pigging market. The presence of large oil and gas industries, high consumers of natural gas in the region, and adopting regulations in the safety of robust pipeline networks are creating a high demand for intelligent pigging in this region. In 2010, 4 people died, more than 60 are injured due to the “San Bruno pipeline explosion”. In order to avoid this repetition “US Pipeline and Hazardous Material safety administration” made regulations to improve the safety of 400000 miles gas gathering pipelines. Developments in technologies like “Acoustic Resonance Technology (ART)” and inertial measurements are adding an advantage to the growth of the intelligence market in this region. Asia-Pacific is the second dominating region in the global Intelligent Pigging market. Increasing investment cross-border oil supply by the Indian government, growing research activities to find new natural gas reserves, and increasing safety regulations are attracting the global market in a positive manner. An international oil company BP in china signed with the Chinese government for a continuous supply of natural gas to the Guangdong province for a period of 10 years, which is starting from 2023. These factors drive the growth of the global intelligent pigging market. The objective of the report is to present a comprehensive analysis of the global Intelligent Pigging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Intelligent Pigging market dynamics, structure by analyzing the market segments and projecting the Intelligent Pigging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Intelligent Pigging make the report investor’s guide.

Intelligent Pigging Market Scope: Inquire before buying

Intelligent Pigging Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 5.9% US$ 700.71 Mn US$ 1108.43 Mn
Segments Covered
by Type of Pipeline • Liquid • Gas by Technology • Corrosion detection • Geometry measurement & bend detection • Crack & leak detection by Application • Magnetic flux leakage • Ultrasonic
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Intelligent Pigging Market 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

Frequently Asked Questions:

1. Which region has the largest share in Intelligent Pigging Market? Ans: North-America held the largest share in 2021. 2. What is the growth rate of the Intelligent Pigging Market? Ans: The Intelligent Pigging Market is growing at a CAGR of 5.9 % during the forecasting period 2021-2029. 3. What segments are covered in Intelligent Pigging Market? Ans: Intelligent Pigging Market is segmented into type of pipeline, technology, and application. 4. Who are the key players in Intelligent Pigging Market? Ans: 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 5. What is the study period of this market? Ans: The Intelligent Pigging Market is studied from 2021 to 2029.
1. Global Intelligent Pigging Market: Research Methodology 2. Global Intelligent Pigging Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Intelligent Pigging Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Intelligent Pigging Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Intelligent Pigging Market Segmentation 4.1 Global Intelligent Pigging Market, by Type of Pipeline (2021-2029) • Liquid • Gas 4.2 Global Intelligent Pigging Market, by Technology (2021-2029) • Corrosion detection • Geometry measurement & bend detection • Crack & leak detection 4.3 Global Intelligent Pigging Market, by Application (2021-2029) • Magnetic flux leakage • Ultrasonic 5. North America Intelligent Pigging Market (2021-2029) 5.1 Global Intelligent Pigging Market, by Type of Pipeline (2021-2029) • Liquid • Gas 5.2 Global Intelligent Pigging Market, by Technology (2021-2029) • Corrosion detection • Geometry measurement & bend detection • Crack & leak detection 5.3 Global Intelligent Pigging Market, by Application (2021-2029) • Magnetic flux leakage • Ultrasonic 5.4 North America Intelligent Pigging Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Intelligent Pigging Market (2021-2029) 6.1. Asia Pacific Intelligent Pigging Market, by Type of Pipeline (2021-2029) 6.2. Asia Pacific Intelligent Pigging Market, by Technology (2021-2029) 6.3. Asia Pacific Intelligent Pigging Market, by Application (2021-2029) 6.4. Asia Pacific Intelligent Pigging Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Intelligent Pigging Market (2021-2029) 7.1 Middle East and Africa Intelligent Pigging Market, by Type of Pipeline (2021-2029) 7.2. Middle East and Africa Intelligent Pigging Market, by Technology (2021-2029) 7.3. Middle East and Africa Intelligent Pigging Market, by Application (2021-2029) 7.4. Middle East and Africa Intelligent Pigging Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Intelligent Pigging Market (2021-2029) 8.1. Latin America Intelligent Pigging Market, by Type of Pipeline (2021-2029) 8.2. Latin America Intelligent Pigging Market, by Technology (2021-2029) 8.3. Latin America Intelligent Pigging Market, by Application (2021-2029) 8.4. Latin America Intelligent Pigging Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Intelligent Pigging Market (2021-2029) 9.1. European Intelligent Pigging Market, by Type of Pipeline (2021-2029) 9.2. European Intelligent Pigging Market, by Technology (2021-2029) 9.3. European Intelligent Pigging Market, by Application (2021-2029) 9.4. European Intelligent Pigging Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. T.D. Williamson 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Baker Hughes 10.3 Rosen Group 10.4 NDT Global 10.5 Enduro Pipeline Services 10.6 Intertek Group 10.7 Applus 10.8 Lin Scan 10.9 Dacon Inspection Services 10.10 Onstream Pipeline Inspection 10.11 SGS SA 10.12 Hak Industrial Services 10.13 Quest Integrity Group 10.14 Cdria Pipeline Services 10.15 Cokebusters 10.16 Romstar 10.17 Halfwave As 10.18 Penspen 10.19 Rouge Pipeline & Process Service 10.20 Corrosion Control Engineering

About This Report

Report ID 3782
Category Electronics
Published Date Jan 2023
Updated Date
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