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Global Intelligent Pigging Services Market was Valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ 894.9 Mn by 2028, Likely to Grow with the CAGR of 4.6 % During the Forecast Period.
Intelligent Pigging has major applications in oil & gas pipelines. This is an inspection method in which the smart pig is propelled through a pipeline for collecting important data such as the presence and location of corrosion or other irregularities of pipe inner walls. It helps in cleaning pipelines by scrapping the sides of the pipe and removing dirt and debris as it travels through it along with an intelligent pig is also capable of performing advanced inspection activities. It helps in inspecting for erosion-corrosion, metal loss, pitting, and weld anomalies by using nondestructive examination methods such as magnetic flux leakage testing and ultrasonic testing. Thus, increasing applications in various end-use industries such as oil & gas, and the chemical are anticipated to further drive growth.
In addition, Pipeline inspection is a crucial process in asset integrity management. Growing technological advancements in the pigging systems and the scheduled maintenance and inspection activities to ensure the long-term and safe operation of the pipeline, which is one of the key factors driving the market growth.
Furthermore, the federal program of the US for pipeline safety is primarily conducted by the Pipeline and Hazardous Materials Safety Administration (PHMSA) agency of the United States Department of Transportation, which monitors inspection and enforcement activities. Thus growing concern regarding pipeline safety and energy infrastructure along with increasing government mandates and regulations for safe and secure transportation of oil and gas are projected to boost the growth of the business.
However, the high maintenance cost and Pipelines that cannot be inspected using intelligent pigs are known as unpiggable pipelines that might hinder the overall growth at a global level.
The Magnetic Flux Leakage (MFL) Technology Is Expected To Dominate The Intelligent Pigging Services Market During The Forecast Period
MFL technology was the largest segment, accounted for over xx % of the global revenue share of the Intelligent Pigging Services market in 2019 and this trend is expected to continue over the forecast period.
The MFL technology-based intelligent pigs used to measure metal loss or corrosion even for thin-walled pipelines, whereas ultrasonic technology-based intelligent pigs fail to achieve accurate measurements for thin-walled pipelines. MFL technology is the most preferred technology as MFL pigs can be run in both liquid and gas pipelines which aid in corrosion detection for the oil and gas pipeline. MFL technology does not require any liquid couplant, unlike ultrasonic technology-based intelligent pigs.
Metal Loss/ Corrosion Detection Application Segment Held a Significant Share In Global Intelligent Pigging Services Market In 2019
The Metal loss/ corrosion detection application segment constituted a significant share of the Intelligent Pigging Services market in 2019 and it is projected to grow at a CAGR of above 4.5 % during the forecast period.
Corrosion is one of the major issues which affects the operability of the oil and gas pipeline system owing to which the majority of vendors use pigging as a preliminary step for inspection of the pipeline. Huge failures and industrial disasters are the consequences of corrosion failures due to which timely inspection of pipelines for corrosion detection has become a more common practice. Thus, the increased risk of damage due to corrosion and metal loss results in higher demand for intelligent pigging for the metal loss/corrosion detection application which is expected to continue to hold the substantial market share in the coming years.
The Gas Intelligent Pipeline Pegging Segment is Expected to Witness Highest Growth in the Global Intelligent Pigging Services Market across the Globe
The Gas Intelligent Pipeline Pegging Segment is estimated to be the largest application of the Intelligent Pigging Services market and is projected to grow at the highest rate of 6.0% during the forecast period. Global natural gas production increased by 5.2% in 2019, thereby boosting demand. While natural gas transportation from producing regions to consumption regions is majorly done through an extensive network. Major countries including the U.S., Russia, Canada, and China account for the longest gas pipelines with the U.S. occupying 65% of the total global length. Furthermore, advancements in intelligent pigging technology such as electro-magnetic acoustic transducer locating cracks in gas lines are likely to enhance the market adoption of pipeline pigging services over the forecast period. Huge shale gas development across North America and offshore deep-water exploration and production activities were the hallmarks of the oil & gas industry in the past few decades owing to technological advancements. This leads to the development of a huge network of pipelines to transport, gather, and distribute petroleum products. Moreover, the distribution of gas as an energy source for both industrial and domestic purposes further increases the length of the pipelines globally.
The North America Is Expected to Dominate the Intelligent Pigging Services Market During the Forecast Period
The market in North America accounted for the largest share of the intelligent pigging market in terms of revenue owing to the presence of the world’s largest pipeline infrastructure in the US in 2019 and this trend is expected to remain unchanged in the future. Most of the oil and gas fields are located at a remote area in the U.S. and Canada thus resulting in the higher deployment of oil & gas distribution networks. The increasing regional demand for pipeline pigging services is majorly driven by the requirement for efficient transportation of petroleum products from production site to storage locations. In addition, the government initiatives coupled with infrastructural developments in the U.S. will further propel the growth of the market.
However, the market in Europe expected to hold a significant share which is another important intelligent pigging market and a gas-driven economy. In 2016, Germany and Russia have united to build a natural gas pipeline known as Nord Stream 2, which is expected to double the existing gas supply from Russia to Germany.
The Asia-Pacific Region Is Projected to Register a Highest Growth in the Intelligent Pigging Services Market during the Forecast Period
Asia Pacific is estimated to be the fastest-growing region with a CAGR of above 6% over the forecast period which is accounted for xx % of global revenue share in 2019
The growing energy demand from emerging countries such as China, Australia, India, and Vietnam will bolster the oil and gas industry growth in the coming years, which will eventually drive the market in the Asia Pacific region. According to National Development and Reform Commission (NDRC), By 2020, the total length of the natural gas pipeline network in the country is expected to reach 169,000 km and to 240,000 km by 2025 with the aim to encourage investment in the sector and to secure future energy supply need in the country. The increasing distribution network the demand for pipeline pigging services in the country is expected to grow substantially during the forecast period, which will further boost the regional market.
Some of the key players in the global Intelligent Pigging Services market are Baker Hughes, T.D. Williamson, ROSEN Group, NDT Global, Enduro Pipeline Services, Onstream Pipeline Inspection, Dacon Inspection Services, Intertek Group, Applus, and LIN SCAN.
Intelligent Pigging Services Market Key Segments:
Intelligent Pigging Services Market, By Thechnology
- Magnetic Flux Leakage
Intelligent Pigging Services Market, By End-use
Intelligent Pigging Services Market, By
- Metal Loss/Corrosion Detection
- Geometry Measurement & Bend Detection
- Crack & Leak Detection
Intelligent Pigging Services Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America