NEW YORK, June 12, 2024 /PRNewswire/ — The global intelligent pigging market size is estimated to grow by USD 228 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.55% during the forecast period. Additional applications of intelligent pigging over traditional pigging is driving market growth, with a trend towards advances in pipeline inspection technologies. However, complexities associated with small-diameter pipelines poses a challenge. Key market players include 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..
Technavio has announced its latest market research report titled Global intelligent pigging market 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report
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Forecast period |
2024-2028 |
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Base Year |
2023 |
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Historic Data |
2018 – 2022 |
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Segment Covered |
Application (Gas and Oil), Technology (Magnetic flux leakage, Ultrasonic, and Caliper), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) |
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Region Covered |
North America, Europe, APAC, Middle East and Africa, and South America |
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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. |
Key Market Trends Fueling Growth
The pipeline industry prioritizes safety, with unpiggable pipelines posing a challenge. SCADA systems and SaaS solutions aid in remote monitoring and problem detection. Electro acoustic technology (EAT) using fiber optic sensors detects small damages. Drones equipped with IoT technologies offer cost-effective visual inspections. Cloud technology analyzes data from intelligent pigs, reducing analysis time and enhancing pipeline safety. These advancements boost the oil and gas pipeline industry, driving the growth of the global intelligent pigging market.
The Intelligent Pigging market is currently experiencing significant growth, driven by advancements in technology. Companies are implementing intelligent pigging systems to maximize oil recovery and reduce operational costs. Caliper, pressure, and temperature logs are crucial data points collected during pigging operations.
These insights help identify corrosion, cracks, and other anomalies in pipelines. The use of ultrasonic technology enables more accurate and efficient data collection. Additionally, the integration of artificial intelligence and machine learning algorithms enhances data analysis and predictive maintenance capabilities. The market is expected to continue growing as more companies adopt these advanced pigging solutions.
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Market Challenges
The Intelligent Pigging Market faces challenges with unpiggable pipelines, particularly those with small diameters and complex configurations. These pipelines are difficult to inspect internally due to physical barriers and limitations in pig size and design. Operational issues such as low flow conditions and stuck pigs further complicate matters. Ongoing research aims to enhance pig functionality and navigate through restrictions, but the complexities of small-diameter pipelines will continue to impede market growth.
The Intelligent Pigging market faces several challenges in implementation. One major challenge is the complexity of the technology, requiring a high level of expertise for proper installation and operation. Another challenge is the high initial investment cost, which can be a barrier for smaller companies.
Additionally, the integration of Intelligent Pigging systems with existing infrastructure can be difficult and time-consuming. Furthermore, the need for regular maintenance and updates adds to the operational costs. Lastly, the market is still in its development stage, with a limited number of proven use cases and success stories, making it a risk for potential investors.
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Segment Overview
Application
1.1 Gas
1.2 Oil
Technology
2.1 Magnetic flux leakage
2.2 Ultrasonic
2.3 Caliper
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 Middle East and Africa
3.5 South America
1.1 Gas- The global Intelligent Pigging Market is projected to expand due to the increasing need for periodic In-Line Inspections (ILIs) in natural gas pipelines. These inspections help detect and resolve issues such as stress, cracking, and corrosion. National governments are constructing new pipelines for energy security and to meet their energy demands. However, the growth of gas trade brings concerns about pipeline transportation and security. Intelligent pigs, inspection tools used in pipelines, are essential for addressing these issues and ensuring pipeline integrity. The market for these tools is anticipated to grow substantially during the forecast period.
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Research Analysis
Intelligent pigging is an advanced pipeline inspection technology that utilizes intelligent pigs, equipped with ultrasonic sensors and other advanced measurement tools, to detect and assess pipeline conditions such as corrosion, deformities, and crack & leak detection. These pigs are deployed during pigging operations, which involve the transit of specialized tools through pipelines for inspection, cleansing activities, and wall thickness measurement.
The length of pipelines inspected through intelligent pigging can vary, and the technology is commonly used in the oil and petroleum gas industry, including shale pipelines. Gas hydrates, inner wall conditions, and pipeline safety are significant concerns addressed by intelligent pigging. Ultrasonic technology plays a crucial role in the detection and assessment of pipeline conditions during these inspections.
Market Research Overview
The Intelligent Pigging market refers to the application of advanced technologies in oil and gas pipeline systems for efficient and effective transportation of crude oil and other liquids. This market encompasses various technologies such as ultrasonic pigging, magnetic pigging, and inflatable pigging. These technologies enable the detection and removal of pipeline deposits, corrosion, and other forms of damage, thereby enhancing the overall performance and productivity of pipeline networks.
The intelligent pigging market caters to the needs of the oil and gas industry by providing solutions for increased throughput, reduced downtime, and improved safety. The market is driven by factors such as the increasing demand for energy, the need for pipeline maintenance, and the adoption of advanced technologies in the industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Application
Technology
Magnetic Flux Leakage
Ultrasonic
Caliper
Geography
North America
Europe
APAC
Middle East And Africa
South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio