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  • Pipeline Pigging Services Market Forecast | 2023-28

    Pipeline Pigging Services Market Forecast | 2023-28

    Pipeline Pigging Services Market Forecast | 2023-28
    Report code - SRCE222 Delivery - 2 Weeks
    Pipeline Pigging Services Market Size, Share, Trend, Forecast, & Industry Analysis &nd See more...

    Market Insights

    The pipeline pigging services market is estimated to grow from USD 9.09 billion in 2022 to USD 12.71 billion by 2028 at a CAGR of 5.68% during the forecast period. Increasing investments in the development of sustainable pipeline infrastructure to cater to the soaring energy demand are expected to drive the growth of the market during the coming years.

    Pipeline Pigging Services Market - Snapshot

    Growth

    5.68% for the next five years

    Dominant Service Type

    Normal Pigging

    Dominant End-Use Type

    Gas

    A region with the highest demand

    North America

    Key Players

    Royal Dutch Shell PLC, Baker Hughes, Applus +, TD Williamson, Inc., Rosen Group, NDT Global GmbH & Co. KG., Altus Intervention, Onstream Pipeline Inspection Services Inc, Lin Scan, CIRCOR International, Inc.,

    Segments' Analysis

    Pipeline-Pigging-Services-Market-Dominant-Segments

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    By Service Type

    Based on the service type, the market is segmented as intelligent pigging and normal pigging. The intelligent pigging segment is expected to be the fastest-growing segment of the market due to its unique properties, such as higher accuracy, no interruption in pipeline operations, and multi-operational characteristics. It is primarily used for the inspection of metal loss, corrosion detection, geometry measurement, crack detection, weld anomalies, and other irregularities.

    By Application Type

    Based on the application type, the pipeline pigging services market is segmented as metal loss/corrosion detection, internal cleaning, crack & leakage detection, geometry measurement & bend detection, and others. The metal loss/corrosion detection segment is expected to remain the largest segment, as it is a prime issue responsible for majority of spillage and accidents across the oil & gas infrastructure. It is the most common application performed by intelligent pigs.

    By End-Use Type

    Based on the end-use type, the pipeline pigging services market is segmented as oil and gas. The gas segment is expected to remain the largest segment due to shale gas evolution coupled with the shifting trends towards unconventional energy sources.

    By Region

    In terms of regions, North America is estimated to be the largest pipeline pigging services market during the forecast period. The rise in demand is attributable to various factors, such as the shale revolution along with growing construction of new pipeline network and increasing exploitation of untapped shale oil & gas reserves. Europe and Asia-Pacific are also expected to offer lucrative growth opportunities during the forecast period.

    Pipeline-Pigging-Services-Market-By-Region

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    Market Scope & Segmentation

    Pipeline Pigging Service is the practice of employing implements or devices called as 'pigs' to accomplish various cleaning, clearing, maintenance, inspection, dimensioning, process, and pipeline testing operations on new and existing pipelines.

    Pipeline Pigging Services are mainly of two different types, i.e. Intelligent Pigging and Normal Pigging.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    Pipeline Pigging Services Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The pipeline pigging services market is segmented into the following categories. 

    By Service Type:

    • Normal Pigging 
    • Intelligent Pigging 

    By Application Type:

    • Metal Loss/Corrosion Detection
    • Internal Cleaning
    • Crack & Leakage Detection 
    • Geometry Measurement & Bend Detection 
    • Others 

    By End-Use Type:

    • Oil 
    • Gas 

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Pipeline-Pigging-Services-Market-Segmentation

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    Key Players

    Some of the major players in the pipeline pigging services market are-

    • Baker Hughes
    • Applus +
    • TD Williamson, Inc.
    • Rosen Group
    • NDT Global GmbH & Co. KG.
    • Altus Intervention
    • Onstream Pipeline Inspection Services Inc
    • Lin Scan
    • CIRCOR International, Inc
    • Royal Dutch Shell PLC

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Pipeline Pigging Services Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the service types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The market is expected to witness an impressive growth of 5.68% CAGR in the foreseeable future.

    Royal Dutch Shell PLC, Baker Hughes, Applus +, TD Williamson, Inc., Rosen Group, NDT Global GmbH & Co. KG., Altus Intervention, Onstream Pipeline Inspection Services Inc, Lin Scan, and CIRCOR International, Inc. are among the key players in the pipeline pigging services market.

    North America is expected to remain the largest pipeline pigging services market during the next five years.

    The intelligent pigging segment is expected to be the fastest growing segment in the pipeline pigging services market in the coming years.

    The metal loss/corrosion detection segment is expected to remain the largest segment in the pipeline pigging services market during the next five years.

    The gas segment is expected to remain the larger-growing segment in the pipeline services market in the coming years.