Global Intelligent Pigging Market Scope
The
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.
Market Segmentation
The world of Global Intelligent Pigging Market, as per the study, 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
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).
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