Intelligent Pigging Service Market: Overview

Intelligent pigging is a technique of inspection of pipelines using digital technology to understand their condition. It is widely used to gather important data, such as the presence and location of corrosion or other irregularities on the inner walls of the pipe. Devices known as ‘pigs’ are used to clean pipelines and are placed on one end of a pipeline and pushed through the line. They scrape the sides of the pipe and remove dirt and debris from the pipeline. The complexity of mandatory pipeline inspections and increased governmental regulations have led to the need for intelligent pigging service for pipelines. Pipeline operators need access to data to mitigate risk and ensure safety effectively by evaluating signs of metal loss, internal or external corrosion, and other physical defects.

Intelligent Pigging Service Market: Drivers and Restraints

Stringent government and industry regulations and increasing consumption of petroleum products and natural gas are expected to drive the intelligent pigging service market. Moreover, increasing awareness among pipeline operators about the benefits of maintenance of pipelines and regular inspection is anticipated to fuel the intelligent pigging service market in the near future. The oil & gas industry has witnessed major incidents of pipeline damage in the past, resulting in major product loss and accidents. Therefore, keeping pipeline infrastructure healthy becomes necessary for oil & gas companies. Concern about the safety of pipelines is anticipated to drive the intelligent pigging service market.

Intelligent Pigging Service Market: Key Segments

The intelligent pigging service market can be segmented based on technology, end-use, application, and region. Based on technology, the intelligent pigging service market can be segmented into magnetic flux leak detection and ultrasonic testing. Intelligent pigging service based on smart magnetic flux leak detection technology is preferred as it can be used in both liquid and gas pipelines and does not require any liquid coolant as in ultrasonic pigging. Magnetic flux leak detection pigs can detect and measure metal loss or corrosion and cracks and weld defects even in thin-walled pipelines, while ultrasonic pigs fail to identify and measure thin-walled pipelines accurately.

Based on end-use, the intelligent pigging service market can be divided into oil products and gas products. In terms of application, the intelligent pigging service market can be split into metal loss/corrosion detection, geometry measurement & bend detection, and crack & leak detection. Pipe corrosion can damage the quality of the substance that is carried, and it can result in stained fixtures and potential odors. Therefore, intelligent pigging service is in great demand for the detection of pipeline corrosion. Thus, with more risks associated with corrosion of metals, the use of intelligent pigging service in corrosion detection is expected to rise during the forecast period.

Based on region, the intelligent pigging service market can be categorized into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America has the presence of major players from the oil & gas industry and prominent users of inline inspection services for intelligent pigging. Natural gas and petroleum are the two sources of energy in the U.S.. North America is investing significantly in oil and gas pipeline projects to fulfill the growing demand for energy resources. Moreover, Middle East and Africa is one of the key regions of the intelligent pigging service market due to significant production and exploration of crude oil and gas from the region. The intelligent piping service market in Latin America and Asia Pacific is expected to expand rapidly due to the discovery of new oilfield reserves.

Intelligent Pigging Service Market: Key Players

Key players operating in the global intelligent pigging service market include ROSEN Group, Baker Hughes, T.D. Williamson, NDT Global, Onstream Pipeline Inspection, Enduro Pipeline Services, Dacon Inspection Services, Intertek Group, Applus, and LIN SCAN. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Intelligent Pigging Service Market

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