Global Pipeline Pigging Systems Market 2024-2028
The pipeline pigging systems market is forecasted to grow by USD 334.6 mn during 2023-2028, accelerating at a CAGR of 2.71% during the forecast period. The report on the pipeline pigging systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by economic benefits of pipeline transportation, growing demand for oil and natural gas worldwide, and regulations mandating frequent inspections of oil and gas pipelines.
Technavio's pipeline pigging systems market is segmented as below:
ByApplication
ByType
- Magnetic flux leakage (MFL)
- Ultrasonic test (UT)
- Utility pigging
- Caliper pigging
ByGeography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the development of intelligent pigs as one of the prime reasons driving the pipeline pigging systems market growth during the next few years. Also, technological advances facilitating pipeline inspection and digitalization in pipeline industry will lead to sizable demand in the market.
The report on the pipeline pigging systems market covers the following areas:
- Pipeline pigging systems market sizing
- Pipeline pigging systems market forecast
- Pipeline pigging systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pipeline pigging systems market vendors that include 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, and T.D. Williamson Inc.. Also, the pipeline pigging systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.