“Global Intelligent Pigging Market size was valued at USD 600 Million in 2019”, says Visiongain
08 January 2020
The Intelligent Pigging Market Report 2020-2030: Forecasts by Pipeline Type (Gas, Liquid), by Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), By Application (Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection, Crack & Leak Detection, Others), by Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), and analysis of leading companies operating in this industry.
The Global Intelligent Pigging Market size was valued at USD 600 Million in 2019. The original equipment manufacturers and vendors are constantly improving their pipeline inspections and servicing through investment in research and development due to the increasing implementation of automation technology. Advanced Intelligent pigging technology allows efficient pipeline flow diagnosis. Providers for intelligent pigging products are actively directed at detecting dents and deformations the pipeline operators need.
The average pricing of intelligent pigging technologies such as UT, MFL and EMAT requires substantial capital investment, especially in developing economies such as India and ASEAN. Due to the high cost of traditional pigging services, various pipeline companies look for less-effective alternatives relative to conventional or manual pigging services. This will limit the intelligent pigging services market's production.
When competition for more complex and small-scale electronic systems grows, manufacturers offer comparatively small smart pigs for traditional use. Smaller diameter testing and repair has become possible due to the development of reduced scale conscious pigs. The result is likely to contribute to the smart pigging services industry rising dramatically.
Regions like North America and Western Europe have strict pipeline security regulations in place to protect the environment and prevent market discontinuity with the increasing industry and government legislation. Such increased pressure is expected to pose a potential risk to smart pigging service providers. Many regulators worldwide prioritize frequent inspection and repair of oil and gas pipelines as their continuous delivery is the cornerstone to stable economic development.
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