Intelligent Pigging Market 2021: COVID-19 Impact Application, Technological Advancement, Key Players, Financial Overview and Analysis Report Forecast to 2023
Market Highlights
Intelligent
pigging is a technique wherein an inspection probe, commonly known as smart
pig, is involved in pipeline inspection, measuring pipe wall thickness, and
metal loss by direct measurement of the thickness of the pipe wall. This market
has various advantages such as it helps in cleaning and inspecting the
pipelines without the need to stop the flow of product. It also has the ability
to provide a accurate value for local wall thickness whilst being small,
lightweight, and easy to mobilize. The key factors driving the growth of the
intelligent pigging market is stringent government regulations for pipeline
inspections, benefits of intelligent pigging solutions, and concern over the
safety of pipelines.
Based on
technology, the market is segmented as magnetic flux leakage, caliper, and
ultrasonic. Magnetic flux leakage segment is leading the market as it is
majorly used in both liquid and gas pipelines and does not require any liquid
couplant like ultrasonic pigging. Considering the application, the
market is segmented as metal loss/corrosion, crack & leak detection, and
geometry measurement & bend detection. Metal loss/corrosion detection
application is expected to hold larger share during the forecast period as corrosion
detection would help in avoiding pipe corrosion, stained fixtures, and
potential odors.
The global intelligent pigging market is expected
to grow at ~ 4.89% CAGR during the forecast period.
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Market Research Analysis
North
America is estimated to hold the largest share during the forecast period
Region
wise, North America held the largest market share of the global intelligent
pigging market in 2017. North America region has some major players from the
oil & gas industry and prominent users of inline inspection services for
intelligent pigging. The intelligent pigging market would be mainly driven by
increasing awareness among pipeline operators about the benefits of maintenance
of pipelines and regular inspection. In addition, significant production and
exploration of crude oil and gas in Middle East & Africa would also have a
positive impact on the growth of intelligent pigging market during the forecast
period.
Scope of
the Report
This
report provides an in-depth analysis of the global intelligent pigging market, tracking three market segments
across five geographic regions. The report studies key players, providing a
five-year annual trend analysis that highlights market size, and share for
North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report
also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the intelligent
pigging market by its pipeline type, technology, application, and by region.
- By
Pipeline Type
- Liquid
- Gas
- By
Technology
- Magnetic Flux Leakage
- Caliper
- Ultrasonic
- By
Application
- Metal Loss/Corrosion
- Crack and Leak Detection
- Geometry
Measurement and Bend Detection
- By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the
World
Key
Players
The key
players of the global intelligent pigging market are Baker Hughes (US),
Corrosion Control Engineering, (Australia), Rouge Pipeline & Process
Services (UAE), Penspen (UK), Halfwave AS (Norway), Romstar (Malaysia),
Cokebusters (UK), Quest Integrity Group (US), A.Hak Industrial Services
(Netherlands), SGS SA (Switzerland), T.D.Williamson (US), Rosen Group
(Switzerland), and NDT Global (UAE), among others.
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