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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Intelligent Pigging Market Growth
The intelligent pigging sector is predicted to be driven by government and industry restrictions and the increasing use of petroleum products and natural gas. The intelligent pigging sector is expected to grow soon as pipeline operators become more aware of pipeline maintenance and frequent inspection benefits. The oil and gas industry has witnessed significant pipeline damage incidents, resulting in significant product loss and accidents. A Texas gas explosion, for example, killed two people and injured two more in June 2021[PM1]. As a result, oil and gas businesses must ensure that pipeline infrastructure is in good working order. The intelligent pigging industry is expected to be driven by concerns about pipeline safety. Other significant factors that are expected to boost the growth of the intelligent pigging system market include the rise in the network of pipelines for oil and gas transportation across the globe. The increased demand for inspection is further anticipated to propel the growth of the intelligent pigging system market. Moreover, the dependability and efficiency of smart pigs to help detect flaws that could impact the operational efficiency of the pipeline are further estimated to cushion the growth of the intelligent pigging system market.
Intelligent Pigging Market Report Snapshots
Intelligent Pigging Market Size
Intelligent Pigging Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2021, the global intelligent pigging market attained a value of USD 744.55 million.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 1,008.90 million by 2027.
The major drivers of the market include the vast consumers of natural gas in the region, large oil and gas industries, developments in technologies, a rise in the network of pipelines, and increased demand for inspection.
Stringent government and industry restrictions and the increasing use of petroleum products and natural gas are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on technology, the market is segmented into magnetic flux leakage pigs, ultrasonic pigs, and caliper pigs.
The different types of pipelines in the market are liquid and gas.
The significant applications of the market are metal loss/corrosion detection, geometry measurement and bend detection, crack and leak detection.
The major players in the market are T. D. Williamson, Inc., ROSEN Swiss AG, Enduro Pipeline Services, Inc., Intertek Group plc, Applus Services, S.A, LIN SCAN, and Dexon Technology PLC, among others.
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