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Intelligent Pigging Services Market - Key Research Findings

Intelligent Pigging Services Market

  1. The global intelligent pigging services market was valued at ~US$ 537 Mn in 2018.
  2. During the forecast period of 2019-2029, the intelligent pigging services market is projected to grow at a CAGR of ~6%.
  3. The magnetic flux leakage technology of intelligent pigging services is expected to remain the most preferred technology, primarily for its high flexibility.
  4. North America market is predicted to hold nearly half of the revenue shares in the intelligent pigging services market by the end of 2029.
    • North America market is expected to continue to be an opportunistic market for intelligent pigging services, owing to greater adoption of magnetic flux leakage technology and increasing demand for flexible products.

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Important Factors Shaping the Intelligent Pigging Services Market

  • Robust Advancements in Inspection Technologies

    Due to rising integration of automation technology, the original equipment manufacturers and vendors are constantly improving their pipeline inspections and maintenance by investing in research and developments. Advanced intelligent pigging technologies enable efficient diagnosis of flow in the pipeline.

    Intelligent pigging services providers are constantly aiming to find dents and deformations that are used by pipeline operators.

  • High Cost of Intelligent Pigging Services as a Restraining Factor

    According to the FMI’s analysis, the average pricing of intelligent pigging technologies such as UT, MFL, and EMAT technologies require substantial capital investments, which hampers its adoption especially in the developing economies such as India and ASEAN countries. Due to high cost involved in intelligent pigging services, various pipeline operators opt for cost-effective alternatives as compared to smart or intelligent pigging services. This will restraint the growth of the intelligent pigging services market.

    Growing number of players in the intelligent pigging services market have also intensified the competition, which in turn, will dwindle profit margins especially in the U.S. where there are large number of original equipment manufacturers.

  • Inventing Small Pigs for Conventional Use

    Due to rise in demand for more sophisticated and small-sized electronic systems, manufacturers are offering comparatively small intelligent pigs for conventional use. Due to the invention of smaller size intelligent pigs, inspection and maintenance of the small-diameter has become possible. The result is likely to lead to significant growth of the intelligent pigging services market.

    Alike pigging, manufacturers follow same standards for small pigs i.e. API Standard (In-line inspection systems qualification standard), NACE International (Recommended practice for in-line inspection pipelines) and American Society of Non-destructive Testing (In-line inspection personnel qualification and certification).

  • Intensifying Pressure Due to Stringent Regulations Representing a Potential Threat

    Intelligent Pigging Services Market

    With the growing industry and government regulations, regions such as North America and Western Europe have stringent pipeline safety regulations in place to protect the environment and avoid business discontinuity. This intensifying pressure is likely to pose as a potential threat for intelligent pigging service providers. Most regulatory authorities across the world lay emphasis on regular inspection and maintenance of oil and gas pipelines as their regular supply is the key to ensure stable economic growth.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Main Strategies and Areas of Focus for Prominent Market Players

  • The intelligent pigging services market is a moderately competitive market.
  • Main strategies monitored by key players in the intelligent pigging services market are the expansion of business through mergers and acquisitions, product launches, recognitions, alliances, and collaborations. Key market players focus on strategies such as innovations and product expansions through new dealership collaborations and networks.
  • Noteworthy investments in research and development for novel and sturdy products are anticipated to boost the growth of the intelligent pigging services market.
  • Leading players in the intelligent pigging services market are T.D. Williamson, Inc., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, Enduro Pipeline Services Inc., NDT Global, OMV Group, Petrobras, Royal Dutch Shell PLC, and ConocoPhillips, among others.

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Intelligent Pigging Services Market: Segmentation

Technology

  • Magnetic Flux Leakage
  • Ultrasonic Test

End Use

  • Oil
  • Gas

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

What is the Growth Outlook for Intelligent Pigging Services Market?

The intelligent pigging services market is likely to secure a CAGR of 6% through 2032.

By 2032, how much can the Intelligent Pigging Services Market Grow?

The intelligent pigging services market size is estimated to cross US$ 1200.84 Mn by 2032.

What is the Current Valuation of the Intelligent Pigging Services Market?

The intelligent pigging services market is likely to record a value of US$ 670.54 Mn in 2022.

Which Region is likely to Lead the Intelligent Pigging Services Market?

North America is likely to lead the intelligent pigging services market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Analysis and Recommendations

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition

    2.3. Historical Market Value (US$ Mn) Analysis, 2014-2018

    2.4. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        2.4.1. Y-o-Y Growth Trend Analysis

        2.4.2. Absolute $ Opportunity Analysis

3. Market Background

    3.1. Macro-Economic Factors

    3.2. Forecast Factors - Relevance & Impact

    3.3. Value Chain

    3.4. Market Dynamics

        3.4.1. Drivers

        3.4.2. Restraints

        3.4.3. Opportunity Analysis

4. Global Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029, By Technology

    4.1. Introduction Historical Market Size (US$ Mn) By Technology, 2014 - 2018

    4.2. Current and Future Market Size (US$ Mn) and Forecast By Technology, 2019 - 2029

        4.2.1. Magnetic Flux Leakage (MFL)

        4.2.2. Ultrasonic Test (UT)

    4.3. Market Attractiveness Analysis By Technology

5. Global Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029, By End Use

    5.1. Introduction Historical Market Size (US$ Mn) By End Use, 2014 - 2018

    5.2. Current and Future Market Size (US$ Mn) and Forecast By End Use, 2019 - 2029

        5.2.1. Oil

        5.2.2. Gas

    5.3. Market Attractiveness Analysis By End Use

6. Global Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    6.1. Introduction

    6.2. Historical Market Size (US$ Mn) By Region, 2014 - 2018

    6.3. Current Market Size (US$ Mn) and Forecast By Region, 2019 - 2029

        6.3.1. APEJ

        6.3.2. Middle East and Africa

        6.3.3. Latin America

        6.3.4. Western Europe

        6.3.5. Eastern Europe

        6.3.6. North America

        6.3.7. Japan

    6.4. Market Attractiveness Analysis By Region

7. North America Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    7.1. Introduction

    7.2. Pricing Analysis

    7.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    7.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        7.4.1. By Country

            7.4.1.1. U.S.

            7.4.1.2. Canada

        7.4.2. By Technology

        7.4.3. By Application

        7.4.4. By End Use

    7.5. Market Attractiveness Analysis

        7.5.1. By Country

        7.5.2. By Technology

        7.5.3. By Application

        7.5.4. By End Use

    7.6. Market Trends

    7.7. Key Market Participants - Intensity Mapping

    7.8. Drivers and Restraints - Impact Analysis

8. Eastern Europe Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    8.1. Introduction

    8.2. Pricing Analysis

    8.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    8.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        8.4.1. By Country

            8.4.1.1. Russia

            8.4.1.2. Poland

            8.4.1.3. Rest of Eastern Europe

        8.4.2. By Technology

        8.4.3. By End Use

    8.5. Market Attractiveness Analysis

        8.5.1. By Country

        8.5.2. By Technology

        8.5.3. By End Use

    8.6. Market Trends

    8.7. Key Market Participants - Intensity Mapping

    8.8. Drivers and Restraints - Impact Analysis

9. Middle East and Africa Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    9.1. Introduction

    9.2. Pricing Analysis

    9.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    9.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        9.4.1. By Country

            9.4.1.1. GCC Countries

            9.4.1.2. Turkey

            9.4.1.3. South Africa

            9.4.1.4. Israel

            9.4.1.5. Nigeria

            9.4.1.6. Iran

            9.4.1.7. Rest of Middle East and Africa

        9.4.2. By Technology

        9.4.3. By End Use

    9.5. Market Attractiveness Analysis

        9.5.1. By Country

        9.5.2. By Technology

        9.5.3. By End Use

    9.6. Market Trends

    9.7. Key Market Participants - Intensity Mapping

    9.8. Drivers and Restraints - Impact Analysis

10. Western Europe Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    10.1. Introduction

    10.2. Pricing Analysis

    10.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    10.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        10.4.1. By Country

            10.4.1.1. Germany

            10.4.1.2. Italy

            10.4.1.3. France

            10.4.1.4. U.K.

            10.4.1.5. Spain

            10.4.1.6. Rest of Western Europe

        10.4.2. By Technology

        10.4.3. By End Use

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By Technology

        10.5.3. By End Use

    10.6. Market Trends

    10.7. Key Market Participants - Intensity Mapping

    10.8. Drivers and Restraints - Impact Analysis

11. APEJ Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    11.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        11.4.1. By Country

            11.4.1.1. India

            11.4.1.2. China

            11.4.1.3. Oceania

            11.4.1.4. ASEAN Countries

            11.4.1.5. Rest of APEJ

        11.4.2. By Technology

        11.4.3. By End Use

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Technology

        11.5.3. By End Use

    11.6. Market Trends

    11.7. Key Market Participants - Intensity Mapping

    11.8. Drivers and Restraints - Impact Analysis

12. Latin America Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Argentina

            12.4.1.4. Rest of Latin America

        12.4.2. By Technology

        12.4.3. By End Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Technology

        12.5.3. By End Use

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Japan Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    13.4. Market Size (US$ Mn)Forecast By Market Taxonomy, 2019-2029

        13.4.1. By Technology

        13.4.2. By End Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Technology

        13.5.2. By End Use

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Market Structure Analysis

    14.1. Market Analysis by Tier of Companies

    14.2. Market Concentration

    14.3. Market Share Analysis of Top Players

    14.4. Market Presence Analysis

        14.4.1. By Regional footprint of Players

        14.4.2. Product foot print by Players

        14.4.3. Channel Foot Print by Players

15. Competition Analysis

    15.1. Competition Dashboard

    15.2. Pricing Analysis by Competition

    15.3. Competition Benchmarking

    15.4. Competition Deep Dive

        15.4.1. LIN SCAN

            15.4.1.1. Overview

            15.4.1.2. Product Portfolio

            15.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.1.4. Sales Footprint

            15.4.1.5. Strategy Overview

                15.4.1.5.1. Marketing Strategy

                15.4.1.5.2. Product Strategy

                15.4.1.5.3. Channel Strategy

        15.4.2. T.D. Williamson, Inc

            15.4.2.1. Overview

            15.4.2.2. Product Portfolio

            15.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.2.4. Sales Footprint

            15.4.2.5. Strategy Overview

                15.4.2.5.1. Marketing Strategy

                15.4.2.5.2. Product Strategy

                15.4.2.5.3. Channel Strategy

        15.4.3. Baker Hughes Incorporated

            15.4.3.1. Overview

            15.4.3.2. Product Portfolio

            15.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.3.4. Sales Footprint

            15.4.3.5. Strategy Overview

                15.4.3.5.1. Marketing Strategy

                15.4.3.5.2. Product Strategy

                15.4.3.5.3. Channel Strategy

        15.4.4. NDT Global GmbH & Co. KG

            15.4.4.1. Overview

            15.4.4.2. Product Portfolio

            15.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.4.4. Sales Footprint

            15.4.4.5. Strategy Overview

                15.4.4.5.1. Marketing Strategy

                15.4.4.5.2. Product Strategy

                15.4.4.5.3. Channel Strategy

        15.4.5. Enduro Pipeline Services, Inc.

            15.4.5.1. Overview

            15.4.5.2. Product Portfolio

            15.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.5.4. Sales Footprint

            15.4.5.5. Strategy Overview

                15.4.5.5.1. Marketing Strategy

                15.4.5.5.2. Product Strategy

                15.4.5.5.3. Channel Strategy

        15.4.6. Petróleo Brasileiro S.A

            15.4.6.1. Overview

            15.4.6.2. Product Portfolio

            15.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.6.4. Sales Footprint

            15.4.6.5. Strategy Overview

                15.4.6.5.1. Marketing Strategy

                15.4.6.5.2. Product Strategy

                15.4.6.5.3. Channel Strategy

        15.4.7. OMV Groups

            15.4.7.1. Overview

            15.4.7.2. Product Portfolio

            15.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.7.4. Sales Footprint

            15.4.7.5. Strategy Overview

                15.4.7.5.1. Marketing Strategy

                15.4.7.5.2. Product Strategy

                15.4.7.5.3. Channel Strategy

        15.4.8. ConocoPhillips

            15.4.8.1. Overview

            15.4.8.2. Product Portfolio

            15.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.8.4. Sales Footprint

            15.4.8.5. Strategy Overview

                15.4.8.5.1. Marketing Strategy

                15.4.8.5.2. Product Strategy

                15.4.8.5.3. Channel Strategy

        15.4.9. Royal Dutch Shell PLC.

            15.4.9.1. Overview

            15.4.9.2. Product Portfolio

            15.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            15.4.9.4. Sales Footprint

            15.4.9.5. Strategy Overview

                15.4.9.5.1. Marketing Strategy

                15.4.9.5.2. Product Strategy

                15.4.9.5.3. Channel Strategy

16. Assumptions and Acronyms Used

17. Research Methodology

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Intelligent Pigging Services Market