About Intelligent Pipeline Pigging Services
Intelligent pipeline pigging is an extremely sophisticated instrument that contains electronics and sensors. It can vary with technology and complexity which depend on intended use and manufacturers. Intelligent pipeline pigging services are an inspection technique that helps to identify pipeline leaks. With the instruments, it is easy to identify what’s going on inside the pipeline, and making it easier to foresee issues before they cause leaks, damage, pollution, legal and reputational fallout, pipeline downtime, or other costly problems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Intelligent Pipeline Pigging Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pipe Tek (Australia), IPP Group (United Kingdom), VEE KAY VIKRAM & CO. LLP. (India), Inline Services, Inc. (United States), Td Williamson Inc (United States), Prestige Engineering (United Arab Emirates), Poseidon Energy Services Limited (Nigeria), Pigs Unlimited International, Inc. (United States), Drinkwater Products, Llc (United States) and Pipeline Pigging Products (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Circor Flow Technologies India Private Limited (India) and Smith Flow Control Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Pipeline Pigging Services market by Type (Caliper Pigging, Ultrasonic In-Line Inspection (ILI) Pigging, MFL Pigging, Remote Field Technology Inline inspections (RFT), Pig Tracking and Others), Application (Ultrasonic Testing, Magnetic Flux Leakage Testing, Pipeline Cleaning, Corrosion Testing and Others) and Region.
On the basis of geography, the market of Intelligent Pipeline Pigging Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by End-Use Verticals, the sub-segment i.e. Oil Industry will boost the Intelligent Pipeline Pigging Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Pipeline Cleaning will boost the Intelligent Pipeline Pigging Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Companies Preference towards Easy Pipeline Pigging Services and Development in New Technologies
Market Growth Drivers:
Increasing usage of Intelligent Pipeline Pigging Services to Save Time and Money and Surging Companies Focus on Increases Product Yield
Challenges:
Stringent Environmental Regulations on the Intelligent Pipeline Pigging Services Providers
Restraints:
Risks Related to Implementation of Intelligent Pipeline Pigging Services such as Breaks or damage the Equipment’s and Lack of Knowledge and Skills for the Implementation of Intelligent Pipeline Pigging Services
Opportunities:
Need to Increase Productivity and Overall Processing Efficiency can create Opportunities for Intelligent Pipeline Pigging Services Market Demand.
Market Leaders and their expansionary development strategies
On 9th March 2020, Inline Services, Inc. a manufacturer of pipeline pigging products and active speed control pipeline cleaning pigs has acquired First Call Enterprises. The acquisition accelerates the presence in the pipeline market. The acquisition helps to build the Inline brand into a leading service provider to oil and gas pipeline operators.
In September 2022, Baker Hughes Incorporated, an oil field services company, announced that it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets.
According to Petroleum and Natural Gas Regulatory Board, “Intelligent pipeline pigging services providers should provide safe and incident-free operation of the pipeline systems which is safe for the environment.
Key Target Audience
Intelligent Pipeline Pigging Services Providers, Intelligent Pipeline Pigging Services Industry Associations, Regulatory Bodies, Potential Investors, Research and Development Institutes 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.