Pune, India, February 21, 2019 -- /360iResearch/ -- The report "Global Intelligent Pigging Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 535.55 million in 2017 and is projected to reach USD 745.36 million by 2024, growing at a CAGR of 4.84% from 2017 to 2024.
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The major forces driving the growth of the intelligent pigging market include the increased government mandates and regulations for pipeline inspections owing to safety of pipelines and energy infrastructure and growing construction of fuel stations and laying of sewage pipelines due to urbanization. Moreover, significant adoption of small-diameter intelligent pigs is also one of the factors that is driving the market growth. However certain factors such as the complicated operations in unpiggable pipelines may hinder the market growth. In the middle of difficulty lies opportunity such as the growing global ties leading to the delivery of oil and gas among countries, steadily increasing refineries with the oil exploration activities, and growing investment and increasing trend of urbanization in asia pacific. The possible challenges for the market growth is difficulties associated with data acquisition. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on function, the global intelligent pigging market is studied across Crack & Leak Detection, Geometry Measurement & Bend Detection, and Metal Loss/Corrosion Detection. Based on pilpeline type, the global intelligent pigging market is studied across Gas, and Liquid. Based on technology, the global intelligent pigging market is studied across Caliper, Magnetic Flux Leakage, and Ultrasonic. Based on end user, the global intelligent pigging market is studied across Oil & Gas, and Sewage & Waste Water Treatment Plants. Based on geography, the global intelligent pigging market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the intelligent pigging market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are A.Hak Industrial Services, Applus, Baker Hughes, Cdria Pipeline Services, Cokebusters, Corrosion Control Engineering, Dacon Inspection Services, Enduro Pipeline Services, Halfwave As, Intertek Group, Lin Scan, NDT Global, Onstream Pipeline Inspection, Penspen, Quest Integrity Group, Romstar Group, Rosen Group, Rouge Pipeline & Process Services, SGS SA, and T.D. Williamson.
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