Global Intelligent Pigging Market Report and Forecast 2023-2028

Global Intelligent Pigging Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global intelligent pigging market attained a value of USD 773.88 million in 2022. Aided by the increasing need for pipeline inspection and maintenance, the market is projected to further grow at a CAGR of 5.6% between 2023 and 2028 to reach a value of USD 1063.86 million by 2028.

Intelligent pigging refers to the use of smart devices, also known as pigs, to inspect, maintain, and clean pipelines carrying oil, gas, and other hazardous fluids. These pigs are equipped with advanced sensors, cameras, and other diagnostic tools to detect potential anomalies, such as corrosion, cracks, and leaks, in the pipeline. The intelligent pigging process is essential for ensuring the safety, efficiency, and longevity of pipelines, which are critical components of energy and petrochemical infrastructure. The increasing need for pipeline inspection and maintenance is driving the growth of the intelligent pigging market. Pipeline infrastructure is constantly exposed to harsh environmental conditions, which can lead to corrosion, cracks, and leaks over time. Regular inspection and maintenance through intelligent pigging help prevent catastrophic failures and ensure the safe and efficient transportation of valuable fluids.

Additionally, stringent government regulations and industry standards mandating regular pipeline inspection and maintenance are further fuelling the growth of the intelligent pigging market. The rising demand for energy and the expansion of pipeline infrastructure worldwide are also key factors propelling the growth of the intelligent pigging market. As the global population continues to grow and urbanise, the demand for energy, particularly from oil and gas, is increasing rapidly. This has led to the construction of new pipelines and the expansion of existing ones, creating a greater need for intelligent pigging services to ensure their safety and efficiency.

Technological advancements in the intelligent pigging industry is another significant trend driving the intelligent pigging market growth. The development of advanced sensor technologies, such as magnetic flux leakage (MFL) and ultrasonic testing (UT), has enabled more accurate and efficient pipeline inspections. Moreover, the integration of data analytics and machine learning algorithms into intelligent pigging systems allows for the identification of potential issues before they become critical, enabling proactive maintenance and reducing the likelihood of pipeline failures. The increasing focus on the safety and environmental impact of pipeline operations is also positively impacting the intelligent pigging market. Pipeline leaks and failures can have severe consequences, including environmental damage, loss of valuable resources, and potential harm to human life. By using intelligent pigging services, operators can identify and address potential issues early, minimising the risk of accidents and reducing the environmental impact of pipeline operations.

Market Segmentation

The market can be divided on the basis of technology, pipeline type, application, and region.

Market Division by Technology:

• Magnetic Flux Leakage Pigs
• Ultrasonic Pigs
• Caliper Pigs

Market Bifurcation by Pipeline Type:

• Liquid
• Gas

Market Breakup by Application:

• Metal Loss/Corrosion Detection
• Geometry Measurement and Bend Detection
• Crack and Leak Detection

Market Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the intelligent pigging companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• T. D. Williamson, Inc.
• ROSEN Swiss AG
• Enduro Pipeline Services, Inc.
• Intertek Group plc
• Applus Services, S.A.
• LIN SCAN
• Dexon Technology PLC
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.