Intelligent Pigging Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.07 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Intelligent Pigging Market Analysis
The Intelligent Pigging Market size is expected to grow from USD 294.27 million in 2023 to USD 395.10 million by 2028, registering a CAGR of 6.07% during the forecast period (2023-2028).
- Over the medium term, the upcoming pipeline projects and increasing awareness of pipeline safety are expected to drive the market during the forecasted period.
- On the other hand, the high upfront cost is expected to hinder the market's growth during the forecasted period.
- Nevertheless, the increasing exploration and production activities for unconventional energy sources such as gas hydrates and shale are expected to create huge opportunities for the intelligent pigging market.
- North America is expected to be a dominant region for the intelligent pigging market due to the large pipeline infrastructure in the region.
Intelligent Pigging Market Trends
Caliper Pigging Segment to Witness Significant Growth
- Caliper pigs are designed to measure the internal diameter of pipelines accurately. They provide detailed information about the pipeline's geometry, including variations in diameter, ovality, and dents or deformations. This comprehensive inspection capability is essential for assessing pipelines' integrity and flow capacity.
- Caliper pigging plays a crucial role in pipeline integrity management. Detecting anomalies such as corrosion, scale buildup, or physical damage helps operators identify areas of concern that require further inspection or maintenance. The ability of caliper pigs to accurately measure wall thickness is particularly valuable for assessing the level of corrosion or erosion in pipelines.
- Caliper pigs can be used in various types of pipelines, including oil, gas, water, and refined product pipelines. Their versatility and ability to adapt to different pipeline sizes and configurations make them a preferred choice for pipeline inspection across different industries.
- With the increasing pipeline length globally, the requirement for Caliper Pigging is expected to increase significantly. For instance, as of May 2023, around 21,900 Km of pipelines are under the proposed stage, while more than 9000 KM are under the construction stage.
- For instance, in September 2022, EUROPIPE, located in Germany, was awarded North American TC Energy (TCE) a contract to supply pipe for the Southeast Gateway Pipeline project in the Gulf of Mexico. TCE is constructing the USD 4.5 billion offshore gas pipeline with the Mexican state-owned power utility Comisión Federal de Electricidad (CFE).
- Therefore, as per the above points, Caliper Pigging is expected to play a significant role during the forecasted period.
North America to Dominate the Market
- The North American region has witnessed significant growth in oil and gas production in recent years, which, in turn, has led to increasing investments in pipeline infrastructure to transfer the produced fossil fuels.
- Moreover, North America has stringent regulations to ensure the integrity and safety of pipeline infrastructure. Regulatory bodies, such as the Pipeline and Hazardous Materials Safety Administration (PHMSA) in the United States and the National Energy Board (NEB) in Canada, mandate regular inspections and maintenance of pipelines. Compliance with these regulations drives the adoption of intelligent pigging technologies.
- Many pipelines in North America have been in operation for several decades and require regular inspection and maintenance due to aging. Intelligent pigging provides an effective method to assess the condition of these pipelines, identify potential issues, and prioritize maintenance activities.
- For instance, in February 2023, Kinder Morgan announced that repair work had been completed on a pipeline, and it resumed operations after a leak was detected a few days prior. The pipeline in question is a California gasoline pipeline that supplies unleaded and diesel fuel to storage facilities in southern Nevada.
- Additionally, North America is at the forefront of technological advancements in intelligent pigging. The region has been a hub for innovation, with companies investing in research and development to enhance the capabilities of intelligent pigging technologies. These advancements attract customers globally and contribute to North America's dominance in the market.
- Therefore, per the above points, the North American region is expected to dominate the Intelligent Pigging Market during the forecasted period.
Intelligent Pigging Industry Overview
The intelligent pigging market is moderately fragmented. Some of the key players in the market (in no particular order) include Enduro Pipeline Services Inc., NDT Global Services Ltd., Pigtek Ltd, Romstar Group, SGS SA, and A.Hak Industrial Services B.V among others.
Intelligent Pigging Market Leaders
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Enduro Pipeline Services, Inc.
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NDT Global Services Ltd.
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Pigtek Ltd.
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Romstar Group
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SGS SA
*Disclaimer: Major Players sorted in no particular order
Intelligent Pigging Market News
- January 2023: CDI introduced the Qube, a groundbreaking device transforming the pipeline pig tracking approach. The Qube is an innovative, compact, and robust above-ground monitoring (AGM) solution specifically designed for the oil and gas industry. Its primary function is to detect the presence of pipeline pigs as they traverse the pipelines. Equipped with GPS and magnetic data sensors, the Qube offers remarkable capabilities, allowing it to identify up to eight frequencies of magnetic transmitters attached to the pipeline pigs. Additionally, it can detect MFL magnetizers. With its industrial-grade construction, the Qube ensures reliable performance in demanding environments. This revolutionary device is set to redefine and enhance the efficiency of pipeline pig tracking operations.
- January 2022: KPTL secured a contract from JSW Utkal Steel Ltd. to install an iron ore slurry pipeline (Spread I) in Odisha Mines. The scope of work includes the laying, testing, pre-commissioning, and commissioning of a 32" x 131 km slurry pipeline. The project also involves the construction of five Pressure Monitoring Stations and two Intermediate Pigging Stations along the pipeline route.
Intelligent Pigging Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, until 2028
4.3 Existing Oil Pipeline Length and Forecast in kilometers, till 2023
4.4 Existing Gas Pipeline Length and Forecast in kilometers, till 2023
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.1.1 Upcoming Pipeline Projects
4.7.1.2 Increasing Focus on Pipeline Safety
4.7.2 Restraints
4.7.2.1 High Initial Investment
4.8 Supply Chain Analysis
4.9 Industry Attractiveness - Porter's Five Forces Analysis
4.9.1 Bargaining Power of Suppliers
4.9.2 Bargaining Power of Consumers
4.9.3 Threat of New Entrants
4.9.4 Threat of Substitute Products and Services
4.9.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Technology
5.1.1 Magnetic Flux Leakage Pigs
5.1.2 Caliper Pigs
5.1.3 Ultrasonic Pigs
5.2 Geography Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Rest of North America
5.2.2 Europe
5.2.2.1 Russia
5.2.2.2 United Kingdom
5.2.2.3 Norway
5.2.2.4 Italy
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Australia
5.2.3.4 Malaysia
5.2.3.5 Indonesia
5.2.3.6 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Venezuela
5.2.4.4 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 United Arab Emirates
5.2.5.3 Nigeria
5.2.5.4 Egypt
5.2.5.5 Iran
5.2.5.6 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Enduro Pipeline Services Inc.,
6.3.2 NDT Global Services Ltd.
6.3.3 Pigtek Ltd
6.3.4 Romstar Group
6.3.5 SGS SA
6.3.6 A.Hak Industrial Services B.V
6.3.7 PipeSurvey International
6.3.8 Decon International Technologies
6.3.9 Rosen Australia Pty. Ltd.
6.3.10 Penspen Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Unconventional Energy Sources
Intelligent Pigging Industry Segmentation
Intelligent pigging, also known as inline inspection (ILI) or pipeline pigging, is a method used to inspect the condition and integrity of pipelines. It involves using specialized devices called "pigs" inserted into pipelines and propelled through them using the flow of the transported product or by an external driving mechanism.
The intelligent pigging market is segmented by technology and geography. By technology, the market is segmented into Magnetic Flux Leakage Pigs, Caliper Pigs, and Ultrasonic Pigs. The report also covers the market size and forecasts for the intelligent pigging market across major regions. The report offers the market size and forecasts for the intelligent pigging market in revenue (USD) for all the above segments.
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| Magnetic Flux Leakage Pigs | |
| Caliper Pigs | |
| Ultrasonic Pigs |
| Geography Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)} | ||||||||
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Intelligent Pigging Market Research FAQs
What is the current Intelligent Pigging Market size?
The Intelligent Pigging Market is projected to register a CAGR of 6.07% during the forecast period (2024-2029)
Who are the key players in Intelligent Pigging Market?
Enduro Pipeline Services, Inc. , NDT Global Services Ltd. , Pigtek Ltd. , Romstar Group and SGS SA are the major companies operating in the Intelligent Pigging Market.
Which is the fastest growing region in Intelligent Pigging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Intelligent Pigging Market?
In 2024, the North America accounts for the largest market share in Intelligent Pigging Market.
What years does this Intelligent Pigging Market cover?
The report covers the Intelligent Pigging Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Intelligent Pigging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Intelligent Pigging Industry Report
The global market for intelligent pigging services and smart pigging technology is segmented by various technologies, including magnetic flux leakage pigs, caliper pigs, and ultrasonic pigs. This market is analyzed across different geographical regions such as North America, Europe, Asia-Pacific, South America, and the Middle-East and Africa. The industry research provides a comprehensive market overview, highlighting key market trends and market growth.
The market analysis includes a detailed industry outlook and market forecast, offering insights into the market value and market size. The report example from Mordor Intelligence™ offers a free report PDF download, which includes industry statistics and market data essential for understanding industry sales and market segmentation.
The report further delves into market leaders and their strategies, contributing to market growth. The industry reports also cover industry information and industry trends, providing a thorough market review. The market predictions and market outlook are based on extensive industry analysis, ensuring a well-rounded understanding of the market dynamics.
This market research is crucial for companies looking to stay ahead in the competitive landscape. The industry report provides valuable insights into the market forecast and market growth, helping businesses make informed decisions. The industry size and market segmentation are detailed, providing a clear picture of the market's potential.
Overall, the intelligent pigging services market offers significant opportunities for growth, driven by advancements in smart pigging technology and increasing demand across various regions. The report pdf serves as a comprehensive guide for industry stakeholders, offering detailed industry statistics and market data.
