Intelligent Pigging Market: Coronavirus Impact - Key Takeaway? Fortune Business Insights

Posted on Jan 27 2021 8:57 AM

"Intelligent Pigging Market Size, Share and Global Trend By Pipeline Type (Liquid, Gas), By Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), By Application (Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection, Crack & Leak Detection) and Geography Forecast till 2026 "

The "report" offers elaborate information regarding the intelligent pigging market trends, key developments, regional analysis, growth drivers, obstacles, and key players. It further highlights the accurate market value, size, and volume. Besides, it provides in-depth data about all the possible segments that are present in the market.

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The global intelligent pigging market is likely to gain impetus from a rise in the demand for oil and gas. This information is published in an upcoming report by Fortune Business Insights, titled, "Intelligent Pigging"  Market Size, Share and Global Trend By Pipeline Type (Liquid, Gas), By Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), By Application (Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection, Crack & Leak Detection) and Geography Forecast till 2026.” Additionally, the report states that there is a rise in the number of fuel stations across the world due to increasing urbanization. It will augment the intelligent pigging market size during the forecast period.

Fortune Business Insights profiles some of the renowned companies operating in the intelligent pigging market. They are as follows:

  • Applus
  • Baker Hughes
  • Enduro Pipeline Services
  • ROSEN Group
  • Dacon Inspection Services
  • D. Williamson
  • Mistras
  • Intertek Group
  • NDT Global

Oil and Gas Segments to Dominate: Ever-increasing Population Will Fuel Growth

On the bases of type, the market is divided into liquid and gas. Both of them will remain dominant in the market owing to the ever-increasing demand for oil and gas. Furthermore, the population is growing day by day, which in turn, is increasing the purchasing power of the masses. Combined with these, a rise in the international relations among different countries to provide crude oil will boost growth of the oil segment.

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Rising Investment in Production & Exploration Activities to Favor Growth in the Middle East and Africa

The intelligent pigging market is geographically segregated into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. Out of these regions, in the Middle East and Africa, numerous countries, such as Egypt, Israel, Iraq, and the U.A.E., are rich in oil and gas resources. Several key players in these regions are also investing huge sums in the exploration and production activities for oil and gas. Moreover, increasing investment in pipeline projects to export oil and gas in other countries of the world would lead to the intelligent pigging market growth in both regions.

Market Segmentation

1. By Pipeline Type

  • Liquid
  • Gas
  • By Technology
  • Magnetic Flux Leakage
  • Ultrasonic
  • Caliper

2. By Application

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

3. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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North America, on the other hand, is expected to exhibit significant growth owing to the presence of shale oil. It houses an aging pipeline infrastructure as well as an extensive pipeline network that needs persistent maintenance. Moreover, companies are looking forward to develop the infrastructure for transporting oil and gas. Hence, they are investing extensively for the same cause. In Asia Pacific, there is a rise in the rate of investment to discover new oil reserves. In Europe, the market is projected to grow at a rapid rate during the forecast period. The growth is likely to occur because of the increasing adoption of innovative technology in the oil fields.

Key Industry Developments

The market is dominated by a few of the leading organizations due to their high market share, strong product portfolio, and notable strategic decisions. They also undertake constant research and development activities and possess an extensive geographic presence, which, in turn, results in steady regulatory approvals. Organizations are aiming to achieve contracts from other key players to increase intelligent pigging market share. Below are two of the latest industry developments:

  • January 2020: Dacon Inspection Services, a provioder of NDT services, pipeline integrity management, and inspection solutions, headquartered in Thailand, announced that it has successfully received a contract from a large American oil and gas company. The contract would enable Dacon to inspect the American company’s offshore oil rigs by using unmanned aerial systems (UAS) in Singapore and Thailand. The scope of the inspection is not fully disclosed yet. However, Dacon will examine and report on tower bridges, flare towers, and turbine exhausts support. It will also perform external perimeter sweeps.
  • May 2020: Baker Hughes, an international industrial service company, based in Texas, declared that it has bagged a contract for subsea control Semstar5 systems, medium water horizontal Xmas trees, and wellheads. The company will implement its Subsea Connect system to bring together advanced technologies, digital enablement, early engagement, and creative commercial models to boost project certainty and economics.

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Major Table of Content For Intelligent Pigging Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  6. North America Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  7. Europe Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  10. Latin America Intelligent Pigging Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. 

(Have a Look at Reports Trending in "Energy & Power" Industry)

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