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Pipeline Pigging Systems Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Russia, Canada, UK - Size and Forecast 2024-2028

Pipeline Pigging Systems Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Russia, Canada, UK - Size and Forecast 2024-2028

Published: May 2024 167 Pages SKU: IRTNTR45065

Market Overview at a Glance

$334.6 Mn
Market Opportunity
2.71%
CAGR
2.61
YoY growth 2023-2024(%)

Pipeline Pigging Systems Market Size 2024-2028 

The pipeline pigging systems market size is forecast to increase by USD 334.6 million at a CAGR of 2.71% between 2023 and 2028.

  • The market is experiencing significant growth due to the economic benefits of pipeline transportation and the development of intelligent pigs. These advanced pigging systems enable the detection and correction of weld defects in thin-walled pipelines, ensuring improved pipeline integrity. Additionally, pipeline profiling, leak detection, temperature, bend measurement, curvature monitoring, and product sampling are crucial functions of pigging systems, enhancing operational efficiency and safety. One primary role of pipeline pigs is the removal of wax deposits and other debris that can hinder the flow of oil in harsh environments, particularly in regions with colder climates. However, the complexities associated with small-diameter pipelines pose challenges to market growth.

Pipeline Pigging Systems Market Size

How is this Pipeline Pigging Systems Industry segmented and which is the largest segment?

The pipeline pigging systems industry 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.

  • Application
    • Oil
    • Gas
  • Type
    • Magnetic flux leakage (MFL)
    • Ultrasonic test (UT)
    • Utility pigging
    • Caliper pigging
  • Geography
    • APAC
      • China
    • North America
      • Canada
      • US
    • Europe
      • UK
    • Middle East and Africa
    • South America

By Application Insights

  • The oil segment is estimated to witness significant growth during the forecast period.

Pipeline pigging systems are essential tools in the exploration and production sector for maintaining the efficiency and integrity of crude oil and petroleum product pipelines. These systems utilize specialized pigs, which are large, cylindrical objects moved through pipelines, to perform various cleaning and inspection functions. Photographic inspection pigs are used to identify cracks and other damage, ensuring pipeline safety. Liquid removal pigs separate and eliminate water, condensate, or other liquids that can negatively impact oil quality and promote corrosion.

Furthermore, the heating element or mechanical pig designs are employed to tackle wax and paraffin buildup, ensuring optimal flow rates and pipeline productivity. Pipeline pigging systems play a crucial role in the electricity generating, exploration, and production industries, enhancing extraction techniques and ensuring the consistent delivery of crude oil and petroleum products.

Pipeline Pigging Systems Market Size

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The Oil segment was valued at USD 2.04 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

  • APAC 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.

Pipeline Pigging Systems Market Share by Geography

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The market is poised for growth in the coming years due to the escalating need for pipeline safety and environmental protection in the oil and gas industry. The authorized lifespan of pipelines is a significant concern, as faults can lead to pipeline spills, which pose a threat to the environment and can result in substantial capital budgets for remediation. Intelligent pigs, a type of pipeline pigging system, are increasingly being adopted to detect and address these issues. These pigs utilize advanced technologies to identify and locate faults, reducing the likelihood of pipeline failures and associated risks. Furthermore, the implementation of pipeline pigging systems contributes to minimizing a company's carbon footprint by optimizing pipeline operations and reducing the need for frequent maintenance. As developing countries like China and India continue to invest in their oil and gas industries, the demand for pipeline pigging systems will rise to ensure pipeline integrity and efficiency.

Market Dynamics

Our pipeline pigging systems market researchers analyzed the 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.

What are the key market drivers leading to the rise in the adoption of Pipeline Pigging Systems Industry?

The economic benefits of pipeline transportation is the key driver of the market.

  • Pipeline transportation plays a crucial role in ensuring the secure and efficient movement of products through pipelines to their destinations. This method offers numerous advantages, including cost effectiveness, reduced safety risks, and job creation. In Canada, the pipeline industry is a significant source of employment, with thousands of people working in the sector nationwide. Approximately one-third of these positions are located in Alberta, one-fourth in Ontario, and one-fifth in Saskatchewan. The remaining jobs are distributed across the rest of the country. Pipeline networks require regular maintenance activities to ensure their optimal performance and longevity. Pipeline pigging systems, a critical component of pipeline maintenance programs, facilitate the cleaning, inspection, and enhancement of pipeline efficiency.
  • These systems, often referred to as "pigs," are driven through pipelines to perform various tasks, such as removing debris, preparing pipelines for inspection, and applying coatings. Two types of pigging systems are commonly used: the first pig and the second pig. The first pig, also known as a cleaning pig, is designed to remove debris and contaminants from the pipeline. The second pig, also called an intelligent pig or data pig, collects valuable data during its journey through the pipeline. This data is crucial for pipeline network management and maintenance planning. Advancements in technology have led to the development of intelligent pigging systems, which offer enhanced data interpretation capabilities.

What are the market trends shaping the Pipeline Pigging Systems Industry?

The development of intelligent pigs is the upcoming trend in the market.

  • Intelligent pigging systems, also known as smart pigs or in-line inspection pigs, are utilized extensively in the pipeline industry for detecting and measuring various defects. These systems employ innovative methods for pipeline inspection, including the use of notched metal plates as gauges and advanced sensors to record data for subsequent analysis. The sizing pigs, which use metal plates as gauges, can identify internal or external corrosion, laminations, cracks, and other defects. Additionally, sensors integrated into the pigging systems employ technologies such as magnetic flux leakage (MFL), transverse flux leakage (TFL), and ultrasonic testing (UT) to perform pipeline inspections. MFL and UT are the two primary techniques used for in-line pipeline inspections.
  • While both methods are effective, ultrasonic testing is often preferred due to its higher accuracy and ease of mobilization, provided the pipeline parameters allow for it. Intelligent pigging systems are essential for maintaining pipeline integrity and ensuring the safe and efficient transportation of fluids. These systems can detect weld defects, measure geometry, monitor temperature, and carry out bend and curvature measurements, among other functions. Furthermore, product sampling is an integral part of pipeline inspections, which is facilitated by these advanced pigging systems.

What challenges does Pipeline Pigging Systems Industry face during the growth?

Complexities associated with small-diameter pipelines is a key challenge affecting the industry growth.

  • Unpiggable pipelines have posed a considerable challenge to the pipeline industry for several years. These pipelines become unpiggable due to various reasons, including small diameters, bends, and complex configurations. Inserting and removing pigs in these pipelines can be difficult, and insufficient flow of materials to overcome friction and propel pigs forward is another challenge. Physical barriers, such as valves, elbows, and other obstructions, can also prevent pigs from moving past them. The unpiggability of pipelines can vary depending on their diameter range and the type of fluid they carry. Pipelines can be joined in various configurations, including valve, horizontal, diameter, elbow, vertical, and T-section.
  • Corrosion, cracks, and irregularities on the inner walls of pipelines can also make them unpiggable. Ultrasonic pigging, a non-destructive testing method, is commonly used to inspect pipelines and detect irregularities. This technique uses sound waves to examine the pipeline's inner walls and identify metal loss, cracks, and other defects. By addressing these issues, pipelines can be made piggable, ensuring their efficient operation and maintenance.

Exclusive Customer Landscape

The pipeline pigging systems 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 market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Pipeline Pigging Systems Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The pipeline pigging systems industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • 3P Services GmbH and Co KG
  • Baker Hughes Co.
  • Dacon Inspection Technologies Co. Ltd.
  • Diamond Edge Services
  • Eddyfi NDT Inc.
  • Enduro Pipeline Services Inc.
  • ERGIL
  • GeoCorr LLC
  • IKM Instrutek AS
  • International Pipeline Products Ltd.
  • Italmatch Chemicals Spa
  • NDT Global GmbH and Co. KG
  • Oil States International Inc.
  • Pigs Unlimited International LLC
  • Pigtek Ltd.
  • PIPECARE Group AG
  • ROSEN Swiss AG
  • Russell NDE Systems Inc.
  • STATS Group
  • T.D. Williamson Inc.

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 industry 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.

Research Analyst Overview

Pipeline pigging systems play a crucial role in maintaining the efficiency and integrity of pipeline networks in various industries, including exploration and production, electricity generation, natural gas, petrochemicals, and water utilities. With the increasing age of pipelines, maintenance activities have become essential to ensure the safe and reliable transportation of fluids. Pipeline pigging involves the use of specialized tools, known as pigs, which are inserted into pipelines to clean, inspect, and maintain the inner walls. Intelligent pigging technologies, such as ultrasonic pigging and temperature measurement, enable the detection of irregularities, including corrosion, cracks, weld defects, and wax deposits. These advanced pigging systems help in identifying faults, improving pipeline safety, and protecting the environment by reducing the carbon footprint and preventing pipeline spills.

Furthermore, pipeline pigging services are essential for pipeline projects during construction and routine maintenance. The services include product sampling, photographic inspection, and debris removal. Pipeline pigging is also crucial for thin-walled pipelines, which require regular monitoring for geometry measurement, bend measurement, and curvature monitoring to ensure product quality and flow constraints. Pipeline infrastructure in harsh environments, such as those used for crude oil and petroleum products, requires specialized pigging systems to withstand extreme conditions. These pipelines are subjected to various extraction techniques and can be exposed to high temperatures, pressures, and chemicals, making pigging a complex and critical process.

Pipeline Pigging Systems Market Scope

Report Coverage

Details

Page number

167

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.71%

Market Growth 2024-2028

USD 334.6 million

Market structure

Fragmented

YoY growth 2023-2024(%)

2.61

Key countries

US, China, Russia, Canada, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the Pipeline Pigging Systems industry during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of industry companies

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Pipeline Pigging Systems Market 2018 - 2022
      • Historic Market Size - Data Table on Global Pipeline Pigging Systems Market 2018 - 2022 ($ million)
    • 4.2 Application segment analysis 2018 - 2022
      • Historic Market Size - Application Segment 2018 - 2022 ($ million)
    • 4.3 Type segment analysis 2018 - 2022
      • Historic Market Size - Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Chart on Application - Market share 2023-2028 (%)
      • Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Chart on Comparison by Application
      • Data Table on Comparison by Application
    • 6.3 Oil - Market size and forecast 2023-2028
      • Chart on Oil - Market size and forecast 2023-2028 ($ million)
      • Data Table on Oil - Market size and forecast 2023-2028 ($ million)
      • Chart on Oil - Year-over-year growth 2023-2028 (%)
      • Data Table on Oil - Year-over-year growth 2023-2028 (%)
    • 6.4 Gas - Market size and forecast 2023-2028
      • Chart on Gas - Market size and forecast 2023-2028 ($ million)
      • Data Table on Gas - Market size and forecast 2023-2028 ($ million)
      • Chart on Gas - Year-over-year growth 2023-2028 (%)
      • Data Table on Gas - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Market opportunity by Application ($ million)
      • Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Chart on Type - Market share 2023-2028 (%)
      • Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Chart on Comparison by Type
      • Data Table on Comparison by Type
    • 7.3 Magnetic flux leakage (MFL) - Market size and forecast 2023-2028
      • Chart on Magnetic flux leakage (MFL) - Market size and forecast 2023-2028 ($ million)
      • Data Table on Magnetic flux leakage (MFL) - Market size and forecast 2023-2028 ($ million)
      • Chart on Magnetic flux leakage (MFL) - Year-over-year growth 2023-2028 (%)
      • Data Table on Magnetic flux leakage (MFL) - Year-over-year growth 2023-2028 (%)
    • 7.4 Ultrasonic test (UT) - Market size and forecast 2023-2028
      • Chart on Ultrasonic test (UT) - Market size and forecast 2023-2028 ($ million)
      • Data Table on Ultrasonic test (UT) - Market size and forecast 2023-2028 ($ million)
      • Chart on Ultrasonic test (UT) - Year-over-year growth 2023-2028 (%)
      • Data Table on Ultrasonic test (UT) - Year-over-year growth 2023-2028 (%)
    • 7.5 Utility pigging - Market size and forecast 2023-2028
      • Chart on Utility pigging - Market size and forecast 2023-2028 ($ million)
      • Data Table on Utility pigging - Market size and forecast 2023-2028 ($ million)
      • Chart on Utility pigging - Year-over-year growth 2023-2028 (%)
      • Data Table on Utility pigging - Year-over-year growth 2023-2028 (%)
    • 7.6 Caliper pigging - Market size and forecast 2023-2028
      • Chart on Caliper pigging - Market size and forecast 2023-2028 ($ million)
      • Data Table on Caliper pigging - Market size and forecast 2023-2028 ($ million)
      • Chart on Caliper pigging - Year-over-year growth 2023-2028 (%)
      • Data Table on Caliper pigging - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Type
      • Market opportunity by Type ($ million)
      • Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Russia - Market size and forecast 2023-2028
      • Chart on Russia - Market size and forecast 2023-2028 ($ million)
      • Data Table on Russia - Market size and forecast 2023-2028 ($ million)
      • Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Chart on UK - Year-over-year growth 2023-2028 (%)
      • Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Opportunity/Restraints

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market opportunities/restraints

          11 Competitive Landscape

          • 11.1 Overview
            • 11.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 11.3 Landscape disruption
              • Overview on factors of disruption
            • 11.4 Industry risks
              • Impact of key risks on business

            12 Competitive Analysis

            • 12.1 Companies profiled
              • Companies covered
            • 12.2 Market positioning of companies
              • Matrix on companies position and classification
            • 3P Services GmbH and Co KG
              • 3P Services GmbH and Co KG - Overview
              • 3P Services GmbH and Co KG - Product / Service
              • 3P Services GmbH and Co KG - Key offerings
            • 12.4 Baker Hughes Co.
              • Baker Hughes Co. - Overview
              • Baker Hughes Co. - Business segments
              • Baker Hughes Co. - Key news
              • Baker Hughes Co. - Key offerings
              • Baker Hughes Co. - Segment focus
            • 12.5 Dacon Inspection Technologies Co. Ltd.
              • Dacon Inspection Technologies Co. Ltd. - Overview
              • Dacon Inspection Technologies Co. Ltd. - Product / Service
              • Dacon Inspection Technologies Co. Ltd. - Key offerings
            • 12.6 Diamond Edge Services
              • Diamond Edge Services - Overview
              • Diamond Edge Services - Product / Service
              • Diamond Edge Services - Key offerings
            • 12.7 Eddyfi NDT Inc.
              • Eddyfi NDT Inc. - Overview
              • Eddyfi NDT Inc. - Product / Service
              • Eddyfi NDT Inc. - Key offerings
            • 12.8 Enduro Pipeline Services Inc.
              • Enduro Pipeline Services Inc. - Overview
              • Enduro Pipeline Services Inc. - Product / Service
              • Enduro Pipeline Services Inc. - Key offerings
            • 12.9 GeoCorr LLC
              • GeoCorr LLC - Overview
              • GeoCorr LLC - Product / Service
              • GeoCorr LLC - Key offerings
            • 12.10 IKM Instrutek AS
              • IKM Instrutek AS - Overview
              • IKM Instrutek AS - Product / Service
              • IKM Instrutek AS - Key offerings
            • 12.11 International Pipeline Products Ltd.
              • International Pipeline Products Ltd. - Overview
              • International Pipeline Products Ltd. - Product / Service
              • International Pipeline Products Ltd. - Key offerings
            • 12.12 Italmatch Chemicals Spa
              • Italmatch Chemicals Spa - Overview
              • Italmatch Chemicals Spa - Product / Service
              • Italmatch Chemicals Spa - Key offerings
            • 12.13 Pigs Unlimited International LLC
              • Pigs Unlimited International LLC - Overview
              • Pigs Unlimited International LLC - Product / Service
              • Pigs Unlimited International LLC - Key offerings
            • 12.14 Pigtek Ltd.
              • Pigtek Ltd. - Overview
              • Pigtek Ltd. - Product / Service
              • Pigtek Ltd. - Key offerings
            • 12.15 PIPECARE Group AG
              • PIPECARE Group AG - Overview
              • PIPECARE Group AG - Product / Service
              • PIPECARE Group AG - Key offerings
            • 12.16 Russell NDE Systems Inc.
              • Russell NDE Systems Inc. - Overview
              • Russell NDE Systems Inc. - Product / Service
              • Russell NDE Systems Inc. - Key offerings
            • 12.17 T.D. Williamson Inc.
              • T.D. Williamson Inc. - Overview
              • T.D. Williamson Inc. - Product / Service
              • T.D. Williamson Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 13.4 Research methodology
                • Research methodology
              • 13.5 Data procurement
                • Information sources
              • 13.6 Data validation
                • Data validation
              • 13.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 13.8 Data synthesis
                • Data synthesis
              • 13.9 360 degree market analysis
                • 360 degree market analysis
              • 13.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Pipeline Pigging Systems market growth will increase by $ 334.6 mn during 2024-2028 .

              The Pipeline Pigging Systems market is expected to grow at a CAGR of 2.71% during 2024-2028 .

              Pipeline Pigging Systems market is segmented by Application( Oil, Gas) Type( Magnetic flux leakage (MFL), Ultrasonic test (UT), Utility pigging, Caliper pigging, South America)

              3P Services GmbH and Co KG, Baker Hughes Co., Dacon Inspection Technologies Co. Ltd., Diamond Edge Services, Eddyfi NDT Inc., Enduro Pipeline Services Inc., ERGIL, GeoCorr LLC, IKM Instrutek AS, International Pipeline Products Ltd., Italmatch Chemicals Spa, NDT Global GmbH and Co. KG, Oil States International Inc., Pigs Unlimited International LLC, Pigtek Ltd., PIPECARE Group AG, ROSEN Swiss AG, Russell NDE Systems Inc., STATS Group, T.D. Williamson Inc. are a few of the key vendors in the Pipeline Pigging Systems market.

              APAC will register the highest growth rate of 47% among the other regions. Therefore, the Pipeline Pigging Systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, Russia, Canada, UK

              • Economic benefits of pipeline transportationThe primary objective of pipeline transportation is to ensure a secure movement of products inside the pipelines toward their destinations. Cost efficiency is the driving factor this market.
              • fewer safety concerns is the driving factor this market.
              • and employment are a few other primary benefits that are associated with pipeline transportation. These benefit not only oil and gas companies but also end-users.In Canada is the driving factor this market.
              • the pipeline industry has been supporting many families by creating jobs for people. Thousands of people are employed in the pipeline industry across the country. About one-third of these jobs are in Alberta is the driving factor this market.
              • one-fourth in Ontario is the driving factor this market.
              • and one-fifth in Saskatchewan. The remaining jobs are spread across the rest of Canada. In the US is the driving factor this market.
              • the pipeline is the most widely used method for transporting oil and gas. Pipelines have been an essential source of the US economy is the driving factor this market.
              • and about three-fourths of the domestically produced petroleum products are transported through pipelines.Pipeline transportation is an economical method to transport oil and gas products compared with rail and truck. The cost difference would fetch oil and gas companies significant profits. As a result is the driving factor this market.
              • companies will shift to pipeline transportation from other alternatives. Safety risks associated with fuel movement are significantly considered in the decision-making of the selection of the transportation mode. The risks are considerably low for the pipeline mode of transporting oil and natural gas. The transporting of natural gas is the driving factor this market.
              • crude oil is the driving factor this market.
              • and condensate is more cost-effective through cross-country and long inter-country pipelines compared with road is the driving factor this market.
              • rail is the driving factor this market.
              • or sea transportation. All the above factors cumulatively drive the adoption of pipeline transportation for oil and gas. This is the driving factor this market.
              • in turn is the driving factor this market.
              • will drive the demand for pipeline pigging systems is the driving factor this market.
              • which will contribute significantly to the growth of the global pipeline pigging systems market during the forecast period. is the driving factor this market.

              The Pipeline Pigging Systems market vendors should focus on grabbing business opportunities from the Oil segment as it accounted for the largest market share in the base year.