About Intelligent Pigging
Intelligent Pigging refers to a technique used while inspecting a pipeline internally and gathers information regarding presence and location of corrosion, bends, and other anomalies in the pipelines. It is also referred as smart pig which controls the pipeline from inside non-destructively and provide data about length, depth, width and location of a corrosion failure or a crack. Pigs are the tools that are propelled through the pipeline with the help of a pig launcher and is driven by the pressure of the product flow in the pipeline.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.59% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Manufacturers having a strong hold in the market are Baker Hughes, a GE company, The Rosen Group, Inc., SGS SA, Intertek Group, T.D. Williamson Inc.. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Intelligent Pigging market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baker Hughes, a GE company (United States), The Rosen Group, Inc. (United States), SGS SA (Switzerland), Intertek Group (United Kingdom), T.D. Williamson Inc. (United States), Applus Services (Spain), Penspen (United Kingdom), Corrosion Control Engineering, Lin Scan (United Arab Emirates) and NDT Global (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Quest Integrity Group, LLC (United States), Dacon Inspection Technologies Company Limited (Thailand), Romstar SDN BHD (Malaysia), Onstream Pipeline Inspection Services Inc. (Canada), Cokebusters USA Inc. (United States), Rouge Pipeline & Process Services (United Arab Emirates), Enduro Canada Pipeline Services, Inc. (Canada), A. Hak Industrial Services B.V. (Netherlands), Cdria Pipeline Services (Poland) and Halfwave AS (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Pigging market by Type (Magnetic Flux Leakage, Ultrasonic and Caliper), Application (Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection and Crack & Leak Detection) and Region.
On the basis of Type, Magnetic Flux Leakage are dominating the market and held 64.7% of market share in the year 2023 where as Ultrasonic stood as second largest market share and accounted for 21.11%.
On the basis of application, Gas segment is dominating the market and held 74.1% of market share in the year 2023 where as Oil segment stood as second largest market .On the basis of geography, the market of Intelligent Pigging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Pipeline, the sub-segment i.e. Gas will boost the Intelligent Pigging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Tiny Intelligent Pigs Instead Of Conventional Pipeline Cleaners and Long Term Contracts with the Petroleum Industry
Market Growth Drivers:
Favorable Government Rules and Regulations for Pipeline Inspections and Growing Awareness about Safety Concerns of Pipelines and Energy Infrastructure
Challenges:
Downside Risk of Economy and Threat of Substitutes such as Traditional Pipeline Inspection Techniques
Restraints:
Very Sensitive Pipelines in Case of Petroleum Industry and Bulk of Skilled Workforce might maximize the required Wages
Opportunities:
Robust Technological Enhancements and Growth of Petroleum, Oil and Gas Industry and Introduction to Highly Automated Intelligent Pigs
Market Leaders and their expansionary development strategies
On January 14, 2019, the global pipeline maintenance solution provider “T.D. Williamson” has commercialized a 4-inch magnetic flux leakage (MFL) and deformation (DEF) internal versus external discrimination (IDOD) tool that helps ensure pipeline integrity by detecting pitting and general corrosion as well as interacting features such as dents with metal loss in small diameter, low pressure pipelines.
On February 7th, 2019, Baker Hughes, a GE company has announced that it will supply turbomachinery equipment for the construction of the Golden Pass LNG export facility in Sabine Pass, Texas. The project is expected to produce around 16 million tons per year of LNG. BHGE will provide turbomachinery equipment for three LNG trains, including six gas turbines and 12 centrifugal compressors.
Key Target Audience
Intelligent Pigging Service Providers, Intelligent Pigging Service Distributors and Traders, Pipeline Manufacturers and Constructors, Various Industry Associations, Petroleum as well as Oil and Gas Industry Organizations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.