Intelligent Pigging Services Market: Combinational Inspection Technologies to Surge in Near Future: Global Industry Analysis and Opportunity Assessment 2015 - 2025
- Energy, Mining, Oil, And Gas
- No. of Pages: 171
- Published: 2015-08-07
- Report Code: REP-GB-390
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Format:
An Incisive, In-depth Analysis on the Intelligent Pigging Market
This study offers a comprehensive, 360 degree analysis on the Intelligent Pigging market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Intelligent Pigging market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Intelligent Pigging Services Market Overview
Global intelligent pigging services market is projected to account for US$ 826.5 Million by 2025 at an estimated CAGR of 6.3% during the forecast period. Globally, the estimated oil & gas pipeline network is approximately 3.5 million km long. Pipeline operators are responsible for maintaining smooth functioning of the pipelines. The most important aspect for pipeline operators is maintaining pipeline integrity. Oil & gas pipelines are subject to many problems such as corrosion and wax deposition, which can result in mishaps and directly affect functioning of the pipeline. A pig (pipeline inspection gauge) is a device that can travel through pipelines for inspection and maintenance purposes. Pigs can be used to inspect and clean the pipeline. In-line pigs are used for analysing pipeline condition and provide accurate information about the same. As pipelines transport valuable fluids, overall infrastructure of the pipeline is expensive and needs regular maintenance in order to ensure smooth functioning and longevity. Pipeline operators are investing in pigging technology to aid efficient maintenance of the pipeline infrastructure. Intelligent or smart pigs use electronic chips to record data about condition of the pipeline which is used to analyse and resolve the problem in the pipeline.
Market Segmentation
Technology Overview
On the basis of technology, the market is segmented into magnetic flux leakage (MFL) and ultrasonic test (UT). The MFL technology segment contributed around 66.6% share of market revenue in 2014. MFL technology segment is identified the fastest growing segment during the forecast period, expanding at a CAGR of 6.5%. The UT technology segment is expected to register a CAGR of 6.1% over the forecast period.
Regional Overview
North America is estimated to dominate the market and account for around 48.5% share of the global market, followed by Eastern Europe and Middle East & Africa by the end of 2015. The North America intelligent pigging services market is estimated to be valued at US$ 216.7 Million by the end of 2015, which is projected to account for US$ 401.2 Million by 2025. Eastern Europe and Middle East & Africa are estimated to be the other major contributors to the global market the end of 2015; contribution from these regions is estimated to account for 19.4% and 8.8% shares respectively. Though, Latin America accounted for miniscule share in the global market, it is expected to register a CAGR of 8.6% during the forecast period.
Drivers
Increasing consumption of petroleum products and natural gas is expected to fuel demand for intelligent pigging services market globally. In addition, economic revival in regions such as Eastern Europe, Western Europe & North America and economic growth in regions such as APEJ and Latin America is expected to propel growth of the global intelligent pigging services market over the forecast period. As demand for innovative inspection technologies is growing across the globe, OEMs/vendors are investing in R&D activities to innovate inspection technologies to further enhance efficiency of pig. This is expected to further fuel growth of the global intelligent pigging services market over the forecast period.
Trends
Various OEMs offer comparatively smaller intelligent pigs as compared to conventionally used pigs equipped with sophisticated and small size electronic systems. Due to invention of small intelligent pigs, inspection and maintenance of small-diameter pipelines is possible. Pipeline inspection includes other costs such as travel, evaluation and data analysis costs apart from standard inspection costs. According to our primary respondents, intelligent pigging service costs are expected to increase over the next 10 years. To avoid increased maintenance costs, pipeline operators are entering into long-term contracts with intelligent pigging service vendors/OEMs.
Competition Landscape
Key players across the supply chain in the global intelligent pigging services market include OEMs/vendor of intelligent pigging services and oil & gas explorers and producers. The OEMs/vendors that we have analysed in the report are LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas (PII Pipeline Solutions), NDT Global and Enduro Pipeline Services Inc. The oil & gas explorers and producers that analysed in this report are Petrobras, OMV Group, ConocoPhillips and Royal Dutch Shell Plc.
In future, OEMs/vendors should continue investing in the North America and Eastern Europe market exploring untapped avenues. At the same time, APEJ and Latin America are expected to generate significant demand for intelligent pigging services. OEMs/vendors should focus on improving combinational technologies, as combinational inspection technologies are superior to individual technologies that are currently available.
Figure 3: Global Intelligent Pigging Services Market Revenue (US$ Mn) & Y-o-Y Growth Forecast, 2014–2025
Source: FMI, 2015
This Future Market Insights Report examines the ‘Intelligent Pigging Services’ market for the period 2015 - 2025. The primary objective of the report is to offer updates and market opportunities in the global intelligent pigging services market.
Improving global economy, rising petroleum consumption and production, stringent government & industry regulations and advancements in inspection technologies are key drivers of the global intelligent pigging services market. The Latin America market is expected to register the highest CAGR during the forecast period. The Western Europe and the North America intelligent pigging services markets are expected to register moderate CAGRs over the forecast period. The North America intelligent pigging market is expected to experience price wars, due to high concentration of intelligent pigging service providers in the region. High costs associated with intelligent pigging and shrinking profit margins are some of the factors expected to inhibit growth of the global intelligent pigging services market over the forecast period.
The report starts with an overview of intelligent pigging services. Intelligent pigging services have been used for inspecting and maintaining the oil and gas pipelines for decades. To understand and assess the opportunities in this market the report is categorically split under three sections namely: market analysis by technology, end-use industry and region.
FMI covers the intelligent pigging services market performance in terms of revenue split in Asia Pacific Excluding Japan, Middle East & Africa, Latin America, North America, Western Europe, Eastern Europe and Japan. This section also includes FMI’s analysis of key trends, drivers and restraints from supply and demand perspectives. Impact analysis of key growth drivers and restraints based on weighted average model included in the report better equips client with crystal clear decision making insights.
The report analyses the market on the basis of technology and presents the forecast in terms of value for the next 10 years. Technology types covered in the report include:
- Magnetic Flux Leakage (MFL)
- Ultrasonic Test (UT)
The report further analyses the market on the basis of end-use industry and presents the forecast in terms of value for the next 10 years. End-use industries covered in the report include:
- Oil Industry
- Gas Industry
The next section of the report analyses the market on the basis of region further sub-divided into countries and presents the forecast in terms of value for the next 10 years. The report also analyses the technology and end-use industry segments by each region and respective countries. Regions covered in the report include:
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Asia-Pacific Excluding Japan
- India
- China
- ASEAN
- Oceania
- Rest of APEJ
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Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Japan
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North America
- U.S.
- Canada
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Western Europe
- Germany
- Italy
- Spain
- France
- U.K.
- Rest of Western Europe
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Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
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Middle East & Africa
- GCC
- Turkey
- South Africa
- Iran
- Nigeria
- Israel
- Rest of Middle East & Africa
All the above sections, by region, by technology and by end-use industry evaluate the present scenario and growth prospects of the intelligent pigging services market for the period 2015 –2025. The report has considered 2014 as the base year with market values estimated for year 2015 and forecast developed from 2016 onwards.
To calculate the market size, the report considers average price of intelligent pigging services across geographies. Furthermore, data points such as regional split and market split by technology and end-use industry, qualitative inputs from primary respondents have been incorporated to arrive at apt market estimates. We have analysed the global oil and gas pipelines network length, and piggable and non-piggable pipelines have been analysed according to region. The forecast presented here assesses the total revenue of intelligent pigging services. When developing the forecast for the market, the starting point is sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of market, we triangulated the outcome based on different analysis based on supply side, demand side and dynamics of the parent market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the intelligent pigging services market.
As previously highlighted, the market for intelligent pigging services is split into various sub-categories based on region, technology and end-use industry. All these sub-segments or categories have been analysed in terms of basis point share (BPS) to understand individual segments relative contribution to growth. This detailed level of information is important for identification of key trends in the intelligent pigging services market.
Also, another key feature of this report is the analysis of intelligent pigging services market by region, technology and end-use industry and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the intelligent pigging services market.
Furthermore, to understand key growth segments in terms of growth & adoption of intelligent pigging services, Future Market Insights developed market attractiveness index. The resulting index should help providers identify real market opportunities.
In the final section of the report, intelligent pigging services landscape is included to provide report audiences with a dashboard view, based on categories of providers across the value chain, presence in intelligent pigging services product portfolio and key differentiators. Few of the market players featured in the section include:
- LIN SCAN
- T.D. Williamson, Inc.
- Baker Hughes Incorporated
- GE Oil and Gas (PII Pipeline Solutions)
- NDT Global
- Enduro Pipeline Services Inc.
- Petrobras
- OMV Group
- ConocoPhillips
- Royal Dutch Shell Plc.
Intelligent Pigging Market Reports - Table of Contents
Intelligent Pigging Market Reports - List of Tables
Table 1: Global Intelligent Pigging Services Market Revenue and Forecast by Technology, 2013–2025 (US$ Mn)
Table 2: Global Intelligent Pigging Services Market Revenue and Forecast by End-use Industry, 2013–2025 (US$ Mn)
Table 3: Global Intelligent Pigging Services Market Revenue and Forecast by Region, 2013–2020 (US$ Mn)
Table 4: North America Intelligent Pigging Services Market Revenue & Forecast By Region (US$ Mn), 2013–2025
Table 5: North America Intelligent Pigging Services Market Revenue & Forecast By End-use Industry (US$ Mn), 2013–2025
Table 6: North America Intelligent Pigging Services Market Revenue & Forecast By Technology (US$ Mn), 2013–2025
Table 7: North America Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 8: North America Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 9: Eastern Europe Intelligent Pigging Services Market Revenue & Forecast By Region (US$ Mn), 2013–2025
Table 10: Eastern Europe Intelligent Pigging Services Market Revenue & Forecast By End-use Industry (US$ Mn), 2013–2025
Table 11: Eastern Europe Intelligent Pigging Services Market Revenue & Forecast By Technology (US$ Mn), 2013–2025
Table 12: Eastern Europe Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 13: Eastern Europe Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 14: Middle East & Africa Intelligent Pigging Services Market Revenue & Forecast By Region (US$ Mn), 2013–2025
Table 15: Middle East & Africa Intelligent Pigging Services Market Revenue & Forecast By End-use Industry (US$ Mn), 2013–2025
Table 16: Middle East & Africa Intelligent Pigging Services Market Revenue & Forecast By Technology (US$ Mn), 2013–2025
Table 17: Middle East & Africa Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 18: Middle East & Africa Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 19: APEJ Intelligent Pigging Services Market Revenue and Forecast by Region, 2013–2025 (US$ Mn)
Table 20: APEJ Intelligent Pigging Services Market Revenue and Forecast by End-use Industry, 2013–2025 (US$ Mn)
Table 21: APEJ Intelligent Pigging Services Market Revenue and Forecast by Technology, 2013–2025 (US$ Mn)
Table 22: APEJ Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 23: APEJ Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 24: Western Europe Intelligent Pigging Services Market Revenue and Forecast by Region, 2013–2025 (US$ Mn)
Table 25: Western Europe Intelligent Pigging Services Market Revenue and Forecast by End-use Industry, 2013–2025 (US$ Mn)
Table 26: Western Europe Intelligent Pigging Services Market Revenue and Forecast by Technology, 2013–2025 (US$ Mn)
Table 27: Western Europe Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 28: Western Europe Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 29: Latin America Intelligent Pigging Services Market Revenue and Forecast by Region, 2013–2025 (US$ Mn)
Table 30: Latin America Intelligent Pigging Services Market Revenue and Forecast by End-use Industry, 2013–2025 (US$ Mn)
Table 31: Latin America Intelligent Pigging Services Market Revenue and Forecast by Technology, 2013–2025 (US$ Mn)
Table 32: Latin America Intelligent Pigging Services Market Revenue & Forecast By Region & End-use Industry (US$ Mn), 2013–2025
Table 33: Latin America Intelligent Pigging Services Market Revenue & Forecast By Region & Technology (US$ Mn), 2013–2025
Table 34: Japan Intelligent Pigging Services Market Revenue and Forecast by End-use Industry, 2013–2025 (US$ ‘000)
Table 35: Japan Intelligent Pigging Services Market Revenue and Forecast by Technology, 2013–2025 (US$ ‘000)
Intelligent Pigging Market Reports - List of Figures
Figure 1: Global Intelligent Pigging Services Market – Value Chain
Figure 2: Global Intelligent Pigging Services Market Taxonomy
Figure 3: Global Intelligent Pigging Services Market Revenue (US$ Mn) & Y-o-Y Growth Forecast, 2014–2025
Figure 4: Global Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 5: Global GDP Growth Rate, 2013–2025
Figure 6: Global Petroleum Consumption (Thousand Barrels Per Day), 2013–2025
Figure 7: Global Intelligent Pigging Services Market Segmentation By Technology, 2015 & 2025
Figure 8: Global Intelligent Pigging Services Market Revenue Share, By Technology, 2015 & 2025
Figure 9: Global Intelligent Pigging Services Market Revenue Y-o-Y Growth by Technology, 2014–2025
Figure 10: Global MFL Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 11: Global UT Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 12: Global Intelligent Pigging Services Market Attractiveness By Technology, 2015
Figure 13: Global Intelligent Pigging Services Market Segmentation By End-use Industry, 2015 & 2025
Figure 14: Global Intelligent Pigging Services Market Revenue Share By End-use Industry, 2015 & 2025
Figure 15: Global Intelligent Pigging Services Market Revenue Y-o-Y Growth by End-use Industry, 2014–2025
Figure 16: Global Gas Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 17: Global Oil Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 18: Global Intelligent Pigging Services Market Attractiveness By End-use Industry, 2015
Figure 19: Global Intelligent Pigging Services Market by Region, 2015 & 2025
Figure 20: Global Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 21: Intelligent Pigging Services Market Revenue Y-o-Y growth by Developed Region, 2014–2025
Figure 22: Intelligent Pigging Services Market Revenue Y-o-Y growth by Developing Region, 2014–2025
Figure 23: North America Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 24: Eastern Europe Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 25: MEA Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 26: APEJ Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 27: Western Europe Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 28: Latin America Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 29: Japan Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 30: Intelligent Pigging Services Market Attractiveness By Developed Region, 2015
Figure 31: Intelligent Pigging Services Market Attractiveness By Developing Region, 2015
Figure 32: North America Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 33: North America Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 34: North America Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 35: U.S. Intelligent Pigging System Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 36: Canada Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 37: North America Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 38: Eastern Europe Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 39: Eastern Europe Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 40: Eastern Europe Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 41: Russia Intelligent Pigging System Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 42: Rest of Eastern Europe Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 43: Poland Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 44: Eastern Europe Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 45: Middle East & Africa Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 46: Middle East & Africa Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 47: Middle East & Africa Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 48: Rest of MEA Intelligent Pigging System Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 49: Iran Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 50: GCC Intelligent Pigging System Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 51: Turkey Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 52: Nigeria Intelligent Pigging System Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 53: South Africa Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 54: Israel Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ ‘000)
Figure 55: Middle East & Africa Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 56: APEJ Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 57: APEJ Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 58: APEJ Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 59: China Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 60: ASEAN Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 61: Oceania Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 62: Rest of APEJ Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 63: India Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 64: APEJ Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 65: Western Europe Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 66: Western Europe Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 67: Western Europe Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 68: Rest of Western Europe Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 69: U.K. Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 70: Germany Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 71: Italy Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 72: France Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 73: Spain Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 74: Western Europe Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 75: Latin America Intelligent Pigging Services Market Segmentation By Region, 2015 & 2025
Figure 76: Latin America Intelligent Pigging Services Market Revenue Share by Region, 2015 & 2025
Figure 77: Latin America Intelligent Pigging Services Market Revenue Y-o-Y growth by Region, 2014–2025
Figure 78: Rest of Latin America Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 79: Argentina Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 80: Mexico Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 81: Brazil Intelligent Pigging Services Market Absolute $ Opportunity, 2014–2025 (US$ Mn)
Figure 82: Latin America Intelligent Pigging Services Market Attractiveness By Region, 2015
Figure 83: Japan Intelligent Pigging Market Revenue (US$ ‘000) & Y-o-Y Growth Forecast, 2014–2025
Figure 84: Japan Intelligent Pigging Market Absolute $ Opportunity, 2014–2025 (US$ ‘000)
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