“The demand for pipeline pigging machinery is set to grow in the close future”, says Visiongain
30 September 2019
This latest report by business intelligence provider Visiongain assesses that Pipeline Pigging Systems Market spending will reach $XX.X bn in 2020. Pipeline pigging system refers to the process of using systems known as pigs to perform maintenance activities and various operations such as pipeline cleaning and inspection; and dimensions that are performed without ceasing pipeline flow. Pigging is needed in any product's transport process systems for mixing, transport or mixing. In sectors such as lubricating oil, plastics, chemicals, and others, pigging devices are used. The market employs various types of pipeline pigging systems. These include swabs, pipe cleaners, pig cleaners, blue pigs, go-devils, pipeline intervention gadget (P.I.G.) and smart cows.
Key Developments in the Market
May 2018: Shell Midstream Partners, L.P. LLC lately entered into a buy and swap contract to acquire Shell's property stake in Amberjack Pipeline Company LLC, comprising 75% of Amberjack Series A and 50% of Amberjack Series B for USD 1.22 billion. It is anticipated that this purchase will prove the capacity of the company to perform against our commitments and position us well for the future.
The major players include - Rosen Group, T.D. Williamson, Inc, NDT Global Services Ltd, Onstream Pipeline Inspection Ltd., Dacon Inspection Services Co Ltd, IKM Gruppen AS, Enduro Pipeline Services, Inc., Baker Hughes A GE Company, Romstar Sdn. Bhd., Penspen Limited, STATS Group, and Rouge Pipeline & Process Services Oil States Industries amongst others.
The demand for pipeline pigging machinery is set to grow in the close future, with the growing development of oil & gas facilities.
The demand for pipeline pigging machinery is set to grow in the close future, with the growing development of oil & gas facilities. In pipeline infrastructure, pigging operations are imperative to maintain proper fluid flow and ensure smooth activity. The oil & gas industry is increasing across sub-sectors, i.e. north, midstream and downstream, using the pipeline network to move the liquid that offers company possibilities for pipeline pigging machinery firms. In addition, technological advances and digital technology implementation are likely to promulgate the market for pipeline pigging equipment across the world.
The industry for pipeline pigging machinery is classified by item and implementation. Pipeline Pig Products, Pig Passage Indicators, Pig Trackers and Indicators, Pig Launching & Receiving, Pig Washer Equipment, Closures are among the different types of pipeline pigging equipment. The apps include pigging systems for oil pipelines and pigging systems for gas pipelines.
Offshore deep-sea beds offer opportunities to meet the expected demand for oil in the future
Offshore deep-sea beds offer opportunities to meet the expected demand for oil in the future, where oil & gas operators continue to find new reserves. In addition, unconventional reserve manufacturing is experiencing extensive development that offers huge possibilities for pipeline pigging gear company. The removal of oil and gas from overseas natural resources results in the manufacturing of elevated levels of impurities such as bitumen, water and carbon dioxide, which present a danger to the continuity of the existing pipeline scheme. Thus, leading to increased requirement of pipeline pigging services. Many regions around the world have begun offshore explorations in order to exploit their fair share of natural resources and to kick start their economy, which, in turn provides a huge impetus to pipeline pigging market.
China and India to Drive the Growth in Asia-Pacific for Pipeline Pigging Equipment Market
Asia-Pacific accounted for about 34.8 percent and 22 percent of crude oil and gas consumption, respectively, in 2019, and was one of the biggest sections on the sector for oil & petrol vehicle repair facilities. By June 2017, China had an oil and gas pipeline of 112,000 km and by 2025 is expected to reach 240,000 km. In addition, India's gas pipeline infrastructure was distributed over 16,470 km as of September 2017. India is the fourth largest importer of LNG as of October 2017. In 2017-2018 (April-November), national LNG requirement is anticipated to reach 90 billion cubic meters (bcm) and the gas pipeline network is anticipated to grow significantly across the nation. With increasing pipeline network, the demand for pipeline pigging equipment market in the region is expected to grow substantially during the forecast period.
Pigging Services Have Become An Integral Part Of The Pipeline Operation And Maintenance System
Construction of pipeline reserves is one of the most prominent flow assurance problems experienced by oil & gas pipeline companies. Any interference with the inner pipe layer, such as paraffin wax or scale build-up, hydrate, asphalt or other corrosive products, has a major effect on the cost of keeping required stream levels for the carriers. Pigging is a thorough alternative used by the oil & gas industry in its pipeline surveillance and service program. Failure to perform periodic pigging activities on pipelines usually contributes to enhanced concentration of dust and may result in carriers losing millions of usd in man-hour, machinery and security. Due to this reason pigging services have become an integral part of the pipeline operation and maintenance system.
Leading Regional & National Analysis
North America is projected to add to the worldwide pipeline network a huge 42.4 percent fold in 2020. By 2017, the U.S. alone had more than 76,000 miles of crude oil pipeline, more than one-third of which had been built before the 1960s. The outdated pipelines involve more frequent servicing, including smart pigging and utility pigging. These pipelines ' servicing and facilities are a must to maintain the vast oil & gas sector in the country. As a result, North America is anticipated to guide the industry during the forecast period due to the big pipeline network and the outdated pipeline scheme.
PLL Pipeline Solutions
Diamond Edge Services
Pigs Unlimited International
Dacon Inspection Services
3P Services GmbH & Co KG
Dacon Inspection Services Co., Ltd.,
The comprehensive report offers market estimation and forecast for the period ranging 2020-2030 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Pipeline Pigging Systems.
The Pipeline Pigging Systems Market Report 2020-2030 report will be of value to anyone who wants to better understand the Pipeline Pigging Systems market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Pipeline Pigging Systems industry.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: email@example.com
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Visiongain Publishes Energy Storage Systems (ESS) Market Report 2023-2033
The global Energy Storage Systems (ESS) market was valued at US$24.7 billion in 2022 and is projected to grow at a CAGR of 8% during the forecast period 2023-2033.
06 June 2023
Visiongain Publishes Coal Gasification Market Report 2023-2033
The global Coal Gasification market was valued at US$9.92 billion in 2022 and is projected to grow at a CAGR of 14.4% during the forecast period 2023-2033.
02 June 2023
Visiongain Publishes Thin Film Solar Cells Market Report 2023-2033
The global Thin Film Solar Cells market was valued at US$5.44 billion in 2022 and is projected to grow at a CAGR of 10.6% during the forecast period 2023-2033.
26 May 2023
Visiongain Publishes Lithium-Ion Battery Market Report 2023-2033
The global Lithium-Ion Battery market was valued at US$108.0 billion in 2022 and is projected to grow at a CAGR of 14.8% during the forecast period 2023-2033.