Market Overview:
The Global Intelligent Pigging Services Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for crude oil and refined products, growing pipeline infrastructure, and rising concerns over pipeline safety. Based on type, the market is segmented into magnetic flux leakage (MFL) and ultrasonic test (UT). MFL is expected to account for a larger share of the market in terms of revenue due to its ability to detect corrosion and other defects in pipelines. Based on application, the market is segmented into crude oil, refined products, natural gas, and others. Crude oil accounted for the largest share of the global intelligent pigging services market in 2017 owing to its high demand across various industries.
Product Definition:
Intelligent Pigging Services is a technique that is used to clean and inspect the internal surface of pipelines. It can be used for both onshore and offshore pipelines. The main purpose of Intelligent Pigging Services is to identify any defects or blockages in the pipeline so that they can be fixed before they cause any damage.
Magnetic Flux Leakage (MFL):
Magnetic flux leakage (MFL) is the term used to define the amount of magnetic energy that leaks past a shield when an electric current is passed through it. It can be defined as either a change in magnetic field strength or volume, caused by electrical currents induced in conductors.
The MFL value can be determined experimentally by measuring the residual magnetism after switching off all sources of AC power and DC bias current in an equipment setup.
Ultrasonic Test (UT):
Ultrasonic test (UT) is a non-invasive procedure used to evaluate the health of swine. It helps in determining if there are any abnormalities in the pig's ear and also helps detect diseases such as external ear infection, middle ear disease, and swimmer’s itch. Ultrasonic tests provide quick & accurate results which help farmers make decisions regarding treatment options for their pigs.
Application Insights:
The crude oil segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of crude oil worldwide which, in turn, will increase exploration activities for new reserves. Furthermore, technological advancements such as Ultrasonic Testing (UT) have enabled Intelligent Pigging Services (IPS) providers to provide enhanced pigging solutions by enhancing their equipment performance with advanced analytics and artificial intelligence capabilities. This will help operators enhance their operations while reducing costs associated with pigging activities thereby providing an efficient solution that meets evolving customer requirements across the value chain.
Refined products segment is expected register a notable CAGR over the forecast period owing to growing demand from various end-use industries including chemical plants, refineries.
Regional Analysis:
North America dominated the global intelligent pigging services market in 2017. North America is a major consumer of crude oil and natural gas, which has led to an increase in UT system installations across the region. Furthermore, increasing demand for refined products such as gasoline and diesel from automobiles is expected to drive UT system installations over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to several ongoing projects in countries such as China, India, Malaysia and Indonesia that are anticipated to enhance production capacity of crude oil & natural gas. This will lead to an increase in UT system installations over the next eight years.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in upstream oil and gas sector
- Proliferation of smart pigging technology
- Stringent environmental regulations for pipeline operators
- Growing number of pipeline accidents leading to increased spending on inspection, maintenance, and repair
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Pigging Services Market Research Report
By Type
Magnetic Flux Leakage (MFL), Ultrasonic Test (UT)
By Application
Crude Oil, Refined Products, Natural Gas, Others
By Companies
T.D. Williamson, Rosen, PII (Baker Hughes), Pure Technologies, CIRCOR Energy, Romstar Group, Dacon Inspection Services, Enduro, NDT Global, Entegra, Intertek, LIN SCAN, PPL, P Services, GeoCorr, Sinopec PSTC, A.Hak Industrial Services, Quest Integrity Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Pigging Services Market Report Segments:
The global Intelligent Pigging Services market is segmented on the basis of:
Types
Magnetic Flux Leakage (MFL), Ultrasonic Test (UT)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crude Oil, Refined Products, Natural Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- T.D. Williamson
- Rosen
- PII (Baker Hughes)
- Pure Technologies
- CIRCOR Energy
- Romstar Group
- Dacon Inspection Services
- Enduro
- NDT Global
- Entegra
- Intertek
- LIN SCAN
- PPL
- P Services
- GeoCorr
- Sinopec PSTC
- A.Hak Industrial Services
- Quest Integrity Group
Highlights of The Intelligent Pigging Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Flux Leakage (MFL)
- Ultrasonic Test (UT)
- By Application:
- Crude Oil
- Refined Products
- Natural Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent Pigging Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intelligent Pigging Services is a business that provides technology-based solutions for managing and analyzing data. The company's products include a data management platform, analytics tools, and consulting services.
Some of the major players in the intelligent pigging services market are T.D. Williamson, Rosen, PII (Baker Hughes), Pure Technologies, CIRCOR Energy, Romstar Group, Dacon Inspection Services, Enduro, NDT Global, Entegra, Intertek, LIN SCAN, PPL, P Services, GeoCorr, Sinopec PSTC, A.Hak Industrial Services, Quest Integrity Group.
The intelligent pigging services market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Pigging Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intelligent Pigging Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Pigging Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intelligent Pigging Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intelligent Pigging Services Market Size & Forecast, 2020-2028
4.5.1 Intelligent Pigging Services Market Size and Y-o-Y Growth
4.5.2 Intelligent Pigging Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Magnetic Flux Leakage (MFL)
5.2.2 Ultrasonic Test (UT)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Crude Oil
6.2.2 Refined Products
6.2.3 Natural Gas
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Pigging Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent Pigging Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Magnetic Flux Leakage (MFL)
9.6.2 Ultrasonic Test (UT)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Crude Oil
9.10.2 Refined Products
9.10.3 Natural Gas
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Magnetic Flux Leakage (MFL)
10.6.2 Ultrasonic Test (UT)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Crude Oil
10.10.2 Refined Products
10.10.3 Natural Gas
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Magnetic Flux Leakage (MFL)
11.6.2 Ultrasonic Test (UT)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Crude Oil
11.10.2 Refined Products
11.10.3 Natural Gas
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Magnetic Flux Leakage (MFL)
12.6.2 Ultrasonic Test (UT)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Crude Oil
12.10.2 Refined Products
12.10.3 Natural Gas
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Magnetic Flux Leakage (MFL)
13.6.2 Ultrasonic Test (UT)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Crude Oil
13.10.2 Refined Products
13.10.3 Natural Gas
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent Pigging Services Market: Competitive Dashboard
14.2 Global Intelligent Pigging Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 T.D. Williamson
14.3.2 Rosen
14.3.3 PII (Baker Hughes)
14.3.4 Pure Technologies
14.3.5 CIRCOR Energy
14.3.6 Romstar Group
14.3.7 Dacon Inspection Services
14.3.8 Enduro
14.3.9 NDT Global
14.3.10 Entegra
14.3.11 Intertek
14.3.12 LIN SCAN
14.3.13 PPL
14.3.14 P Services
14.3.15 GeoCorr
14.3.16 Sinopec PSTC
14.3.17 A.Hak Industrial Services
14.3.18 Quest Integrity Group
