Intelligent Pigging Market: Global Industry Analysis And Forecast (2023-2029)

Intelligent Pigging Market was valued at US$ 742.05 Mn. in 2022 and expected to grow at a CAGR of 5.9 % during the forecast period (2023-2029). 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.

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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 2022. 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 2022, 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 2022. 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.
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.
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Intelligent Pigging Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.9%
US$ 742.05 Mn
US$ 1108.42 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 Europee
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



Key Players:
1. T.D. Williamson
2. Baker Hughes
3. Rosen Group
4. NDT Global
5. Enduro Pipeline Services
6. Intertek Group
7. Applus
8. Lin Scan
9. Dacon Inspection Services
10. Onstream Pipeline Inspection
11. SGS SA
12. Hak Industrial Services
13. Quest Integrity Group
14. Cdria Pipeline Services
15. Cokebusters
16. Romstar
17. Halfwave As
18. Penspen
19. Rouge Pipeline & Process Service
20. 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 2022.

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 2023-2029.

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,

5. What is the study period of this market?
Ans: The Intelligent Pigging Market is studied from 2022 to 2029.