Global Intelligent Pigging Market – Industry Trends and Forecast to 2029

Global Intelligent Pigging Market, By Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), Application (Metal Loss/Corrosion Detection, Geometry Measurement and Bend Detection, Crack and Leak Detection), Pipeline Type (Gas, Liquid) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the forecast period, there should be opportunities for the intelligent pigging market to expand due to the expansion of pipeline infrastructure. The accumulation of deposits in pipes is one of the most important issues with flow assurance that oil and gas pipeline operators must deal with. The expense spent by the operators to maintain desired flow rates is severely impacted by any disruption to the interior pipe surface, such as paraffin wax or a buildup of scale, hydrate, asphaltenes, or other corrosive elements. The oil and gas industry is using intelligent pigging as part of its programme for pipeline inspection and maintenance since it is a smart option.

The intelligent pigging market was valued at USD 694.30 million in 2021 and is expected to reach USD 1111.63 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Pigging is referred to as technique of internal cleaning and inspection of a pipeline with the aid of a device which is known as pig, without discontinuing its operations. Intelligent pigging system is known to be the technique of in-line inspection with the aid of the pigs that use digital technology, known as smart pigs. The smart pigs are capable of performing advanced inspection activities and are efficient to suggest any irregularities present on the inner walls of the pipes such as presence and location of corrosion, metal loss and others.

Intelligent Pigging Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Continually Improving Inspection Technologies

The original equipment manufacturers and vendors are continuously upgrading their pipeline inspections and maintenance by spending in research and development due to the expanding integration of automation technology. Modern sophisticated pigging methods allow for effective diagnosis of pipeline flow. Providers of intelligent pigging services are continuously searching for dents and deformations that pipeline operators employ.

• Increased Usage of Small Pigs

Manufacturers are providing relatively small intelligent pigs for conventional application due to the increase in demand for more advanced and compact electronic systems. Inspection and upkeep of the small-diameter are now possible because to the development of smaller intelligent pigs. The market for intelligent pigging is projected to experience tremendous expansion as a result.

Furthermore, over the forecast period, rising shale gas and offshore deep-water exploration activities, expanding network of pipelines for the distribution of petroleum products and growth in the oil and gas industry are anticipated to fuel market expansion for intelligent pigging.

Opportunities

• Increased Investments in Pipeline Projects

The growing investments in pipeline projects especially in oil and gas sector are estimated to generate lucrative opportunities for the market, which will further expand the intelligent pigging market's growth rate in the future.

• Advancements in Inspection Technologies

The market expansion of intelligent pigging is anticipated to be favored by leading companies' advancements in inspection technologies. For instance, Indian Oil introduced a new intelligent pigging analysis programme in September 2019 that is powered by artificial intelligence. Alethe Consulting's MASS platform serves as the foundation for the new intelligent pigging analysis programme. Therefore, the introduction of sophisticated inspection technologies will also offer numerous growth opportunities within the market.

Restraints/Challenges

• High Costs

Intelligent pigging technologies such as UT, MFL, and EMAT typically cost a lot of money and demand significant capital inputs, which makes it difficult for developing nations such as India and the ASEAN countries to adopt them. Numerous pipeline operators choose cost-effective alternatives instead of smart or intelligent pigging services due to the high cost of these services, thusthe market for intelligent pigging will be hampered due to this factor.

• Low Awareness

A few kilometers of the inspection through intelligent pigging can be completed in a matter of days, but a thorough analysis of the data may require more than 90 days. Any anomalies that develop inside the pipeline during this time are ignored, and another inspection cycle may begin much later. Software modules created by some businesses shorten the time needed to examine vast amounts of acquired data. Intelligent pigging market participants still find data processing jobs to take longer than data collecting duties, which poses as a major challenge for the market growth.

On the other hand, the dearth of technical knowledge is further projected to impede the growth of the intelligent pigging system market in the forecast period.

This intelligent pigging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the intelligent pigging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Intelligent Pigging Market Scope

The intelligent pigging market is segmented on the basis of technology, application and pipeline type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Magnetic Flux Leakage
• Ultrasonic
• Caliper

 Application

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

 Pipeline Type

• Gas
• Liquid

Intelligent pigging Market Regional Analysis/Insights

The intelligent pigging market is analyzed and market size insights and trends are provided by country, technology, application and pipeline type as referenced above.

The countries covered in the intelligent pigging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the intelligent pigging market because of the strict regulations regarding to the operations and integrity of pipelines during the forecast period of 2022 to 2029. Furthermore, the occurrence of world’s largest pipeline infrastructure will further boost the growth of the intelligent pigging market in the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in the demand of its total gas consumption from the local gas production within the region. Moreover, the growing demand as pipelines are the more economical mode of transporting liquids and petroleum products than other alternative options is further anticipated to propel the growth of the intelligent pigging market in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Intelligent Pigging Market Share Analysis

The intelligent pigging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intelligent pigging market.

Some of the major players operating in the intelligent pigging market are

• Baker Hughes Company(U.S.)
• Corrosion Control Engineering, (Australia)
• Rouge Pipeline & Process Services (UAE)
• Penspen (U.K.)
• Halfwave AS (Norway)
• Romstar Sdb Bhd(Malaysia)
• Cokebusters Ltd. & Cokebusters Inc. (U.K.)
• Quest Integrity Group, LLC (U.S.)
• A.Hak Industrial Services (Netherlands)
• SGS SA (Switzerland)
• T.D.Williamson (U.S.)
• Rosen Group (Switzerland)
• NDT Global (UAE)
• Applus+ (Spain)
• Aubin Group (U.K.)
• Dacon Inspection Technologies (Thailand)
• Enduro Pipeline Services, Inc. (U.S.)