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The intelligent pigging market size is forecast to increase by USD 228 million at a CAGR of 5.55% between 2023 and 2028. The growth of the market is driven by key factors Intelligent pigging, a cutting-edge technology in pipeline inspection, is experiencing significant market growth. Factors fueling this expansion include the increasing preference for this method over traditional techniques, driven by the demand for advanced inspection solutions. Regulations mandating regular pipeline inspections and the burgeoning oil and natural gas fuel market further bolster growth. Intelligent pigging's ability to enhance pipeline safety and efficiency makes it an indispensable tool in the industry. This technology's integration of sensors, data analysis, and real-time reporting offers unparalleled insights, ensuring regulatory compliance and optimizing operational performance.
It also includes an in-depth analysis of market trends and analysis, market growth analysis, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market focuses on pipeline safety and efficiency in exploration and production activities. Using advanced technologies like caliper pigs, magnetic flux leakage, and ultrasonic technology, it inspects pipeline integrity, detecting deformities, wall thickness, and corrosion. This aids in maintaining the integrity of these projects, especially in oil and gas production. Intelligent pigging ensures thorough cleansing activities and identifies crack and leak detection, enhancing petroleum gas transportation safety. With a focus on pipeline length and inner wall conditions, this market drives the adoption of intelligent pigging for comprehensive inspection, promoting the reliability and security of global energy infrastructure.
One of the key factors driving the market growth is the additional applications of intelligent pigging over traditional pigging. In the oil and gas industry, pipeline inspection and cleaning are critical for maintaining the integrity of the network. Neglecting regular inspection and cleaning can lead to safety hazards and reduce operational efficiency. To address these concerns, inspection devices such as pigs equipped with ultrasonic testing and magnetic flux leakage testing capabilities are employed. These advanced technologies enable the detection of corrosion, deformities, erosion, metal loss, and pitting, particularly crucial during offshore deep-water exploration activities and in pipelines transporting shale gas or petroleum products.
The incorporation of GPS capability in these inspection devices, along with robust advancements in inspection technologies by Original Equipment Manufacturers, enhances the accuracy and efficiency of maintenance procedures. Additionally, the pigging process allows for uninterrupted flow while effectively removing debris and dirt, ensuring optimal pipeline performance. Such technological advancements and versatile applications are expected to drive market growth during the forecast period.
A key factor shaping the market growth is the economic benefits of pipeline transportation. The main goal of pipeline transportation is to make sure of the secure movement of the products inside the pipelines toward their destinations. Some of the main benefits associated with pipeline transportation include cost efficiency, fewer safety concerns, and employment generation.
Moreover, there is increasing adoption of pipeline transportation across industries as it is the most economical method to transport oil and gas products when compared to rail and truck. Furthermore, the cost involved in transportation between both methods will significantly increase the profit for the oil and gas companies. Furthermore, the risk associated with pipeline transportation is considerably low. Hence, such factors are expected to drive market trends during the forecast period.
The rise of renewable energy is one of the key challenges hindering market growth. There is a significant cost associated with electricity generation using renewables when compared to conventional sources such as fossil fuels. However, there has been an increase in the adoption of renewables due to low carbon emissions.
Moreover, the increasing shift to renewable sources of energy will minimize the dependence on fossil fuels, which will negatively impact the oil and gas industry, which in turn will adversely affect the industry. Hence, such factors are expected to hinder market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Baker Hughes Co: The company offers intelligent pigging services such as Ultrasonic Testing (UT) and Emat Crack Detection, offering advanced solutions for pipeline condition monitoring and defect detection.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market applies advanced technology to ensure safety and integrity in the oil & gas industry and other industries. Pipeline projects rely on intelligent pigging for real-time monitoring, defect detection, and risk mitigation. Exploration and production activities benefit from accurate assessments of pipeline conditions, particularly in shale formations and gas hydrate environments. Specialized tools like caliper pigs measure wall thickness and diameter, crucial for identifying corrosion and erosion. Long-distance pipelines require sophisticated pigging solutions to cover vast lengths effectively. Overall, intelligent pigging plays a vital role in maintaining pipeline integrity, enhancing safety, and reducing downtime and maintenance costs.
The gas segment is estimated to witness significant growth during the forecast period. Some of the key factors which are significantly contributing to the growth of the segment include the rising supplies of liquefied natural gas and the availability of shale gas. As there is an increase in planning for several pipelines in the coming years, it is expected to fuel the construction of natural gas pipelines.
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The gas segment was the largest segment and was valued at USD 507.50 million in 2018. Most of these pipelines are operated by national governments for energy security as well as the fulfillment of their own energy requirements. Furthermore, the increase in gas trade leads to a growing concern regarding gas transportation and security. Stress, cracking, and internal and external corrosion are some of the periodic issues associated with gas pipelines. Thus, such challenges can be resolved using protective measures, including protective coatings, ILIs(in-line inspections), and pressure testing. These issues fuel the development of inspection tools, including intelligent pigs. Hence, such factors are expected to fuel the growth of the segment, which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
One of the main countries which are significantly contributing to the growth of the global market in North America is the US due to the increase in the construction of oil and gas pipelines in the region. In the US, several oil and gas pipelines were planned in 2019 and 2020 to connect consumers and export terminals in the coastal areas of the Gulf of Mexico with the Permian Basin.
For instance, the oil and gas industry in Texas, US, has been flourishing due to the rapid entry of pipelines entering services. Additionally, several new oil companies are in line which will fuel the growth of the market in the region. Furthermore, the Jupiter oil pipeline is the longest upcoming project from 2021 to 2025, with a proposed length of 1,094 km. Hence, such developments are expected to drive market growth in North America during the forecast period.
Segment Overview
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market plays a crucial role in oil and gas production by employing advanced technologies for efficient pipeline maintenance and integrity assessment. Cleansing activities ensure the smooth operation of pipelines, while magnetic flux leakage technology, ultrasonic technology, and Caliper technology Corrosion Detection technologies enable precise detection of defects like corrosion, Crack & Leak Detection. Inner walls are thoroughly inspected using Geometry Measurement & Bend Detection methods. Petroleum gas pipelines benefit from intelligent pigging solutions, ensuring safe and reliable transportation. With its ability to detect and address potential issues proactively, intelligent pigging technology remains indispensable in maintaining the integrity and longevity of oil and gas pipelines worldwide.
The market is witnessing remarkable growth driven by the need for advanced inspections and maintenance of aging pipelines in the Oil and gas industries. With a vast consumer base and intense competition among manufacturers, technological advancement in intelligent pigging systems has become imperative. These systems, equipped with Metal Loss/Corrosion Detection Magnetic Flux Leakage and ultrasonic tests, provide accurate diagnosis of pipeline projects and conditions. As the network of pipelines expands globally, companies are investing in data platform for efficient pipeline management. However, challenges such as price wars and fluctuating monetary conditions underscore the importance of innovative solutions to ensure the integrity and reliability of pipeline infrastructure in fuel stations and beyond.
The market is also witnessing significant interest from investors due to its potential for Capital investments despite the High upfront cost associated with implementation. It plays a crucial role in enhancing Exploration and production activities, especially in Unconventional energy sources like Gas hydrates. Within the market, the Caliper pigging segment is gaining traction with the use of specialized tools such as Caliper pigs to assess Pipeline geometry, including Diameter and Ovality, and to detect issues like Scale buildup, Physical damage, and variations in Wall thickness. Intelligent pigging solutions cater to diverse Pipeline sizes, Pipeline configurations, and Pipeline length, serving major players like TC Energy (TCE) in their quest for pipeline integrity and operational efficiency.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.55% |
Market Growth 2024-2028 |
USD 228 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.18 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 47% |
Key countries |
US, China, Canada, Russia, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Applus Services Technologies SL, Baker Hughes Co., China National Petroleum Corp., Dacon Inspection Technologies Co. Ltd., Enduro Pipeline Services Inc., GeoCorr LLC, i2i Pipelines, Intertek Group Plc, Mistras Group Inc., Naftoserwis Sp z o o, NDT Global GmbH and Co. KG, Pigtek Ltd., PIPECARE Group AG, Romstar SDN BHD, ROSEN Swiss AG, Russell NDE Systems Inc., SGS SA, Sidara, T.D. Williamson Inc., and Xylem Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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