According to a new market report published by Lucintel, the future of the pipeline pigging service market looks promising with opportunities in the oil and gas industries. The global pipeline pigging services market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are growing concern regarding pipeline safety & energy infrastructure along with increasing government mandates and regulations for safe & secure transportation of oil and gas.
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Pipeline pigging service is the practice of using pipeline inspection gauges, devices generally referred to as pigs or scrapers, to perform various maintenance operations. In this market, oil and gas are the major end uses of pipeline pigging service. Lucintel forecasts that gas will remain the largest segment over the forecast period as there are increasing government mandates and regulations for safe and secure transportation of gas.
Within this market, intelligent pigging will remain the largest segment by service over the forecast period due to provision of non-destructive examination techniques such as magnetic flux leakage testing to inspect for metal loss, hydrogen induced cracking, pitting, and weld anomalies.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the presence of most of the oil and gas fields are located at remote area thus resulting in higher deployment of oil & gas distribution network.
T.D. Williamson, Baker Hughes, Rosen Group, NDT Global, Enduro Pipeline Services, Intertek, Applus, Lin Scan, Dacon Inspection Services, and Onstream Pipeline Inspection are among the major suppliers in the global pipeline pigging service market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipeline pigging service market by service, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipeline Pigging Service Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pipeline pigging service market by service, application, end use, and region as follows:
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Pigging
Intelligent Pigging
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Metal Loss / Corrosion Detection
Crack & Leakage Detection
Geometry Measurement & Bend Detection
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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