The Global Intelligent Pigging Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The Global Intelligent Pigging Market stood at US$ 600 million in 2019 and is expected to reach US$ 1,050 million by 2030 at a CAGR of 5.2%. Smart pigging alludes to the inspection of tubes or pipelines with the assistance of inspection tests named as smart pigs. It is utilized to identify the presence of corrosion or different inconsistencies on the interior surface of the pipes or tubes conveying liquids. With the expansion of mutual projects undertaken for transportation of fluids like oil and gas, synthetic compounds, drugs, and food and refreshments across the globe, the pipeline framework has seen amplified expansion during recent many years. Smart pigging adopts a significant part in monitoring the soundness of automatic pipeline and in this manner is seeing expanded demand worldwide. Expansion of oil and gas industry across Asia Pacific and North America attributable to revelation of shale gas reserves is expected to reinforce the expansion of cycle pipeline, along these lines offering evident opportunities to smart pigging specialist co-ops during the forecast time period.
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Flexible measurement capability and high precision to drive the growth of magnetic flux leakage based intelligent pigging
The global intelligent pigging market is segmented on the basis of technology, pipeline type, application, and geography. Based on technology, the global intelligent pigging market is segmented into magnetic flux leakage, ultrasonic, caliper, and others. The magnetic flux leakage based intelligent pigging was seen holding the largest share to the global intelligent pigging market in 2020 and is anticipated to be a dominating segment throughout the forecast period owing to increased demand for magnetic flux related leakage and spillage based smart pigging for inspection and estimation of metal damage because of corrosion or dents. The magnetic flux leakage identification is broadly utilized across mechanical applications as it offers pigging of fluid and gas pipelines and doesn’t need fluid medium for identification when contrasted with different technologies.
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Increased incidences of pipeline failure due to corrosion is expected to fuel the growth of intelligent pigging in corrosion detection
Based on application, the global intelligent pigging market is segmented into metal loss/corrosion detection, geometry measurement & bend detection, crack & leak detection, and others. The metal loss/corrosion detection segment held the largest share of the global intelligent pigging in 2020 owing to increased demand for corrosion detection of pipelines across multiple industries. Day-and-night exposure to the synthetic compounds and materials brought through the pipelines brings about corrosion of lines because of substance reactions. The rising frequencies of cycle disappointment because of corrosion has brought about reserved and occasional inspection of pipelines for corrosion detection and is relied upon to be a factor driving the development of pigging market during the estimate time frame.
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Based on geography, the global intelligent pigging market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America held the notable share to the global intelligent pigging market in 2020 and is anticipated to be a dominating segment throughout the forecast period owing to the presence of largest pipeline infrastructure across the United States and stringent regulations governing the operations and verticality of pipelines. Increasing oil and gas fixing foundation across the US is expected to drive the development of North America shrewd pigging market during the speculated time frame. Asia Pacific held a prominent share of the worldwide smart pigging market in 2020 and is expected to be the quickest developing segment during the forecast time frame. Expansion of mutual undertakings of projects across developing Asian nations is required to drive the development of the Asia Pacific smart pigging market during the forecast time frame.
Major players active in the global intelligent piggingmarket include Applus+, Baker Hughes Company, ConocoPhillips, Dacon Inspection Technologies, Enduro Pipeline Services, Intertek Group plc, LIN SCAN, NDT Global, OMV Groups, Petróleo Brasileiro S.A, ROSEN Group, Royal Dutch Shell PLC., and T. D. Williamson, Inc.
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