Intelligent Pigging Market worth USD 741.03 Million by 2024

 

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Intelligent Pigging Market - Industry Analysis and Forecast (2017-2024) _ by Technology (Ultrasonic, Caliper, and Magnetic Flux Leakage (MFL)), by Pipeline Type (Gas and Liquid), by Application (Crack & Leak Detection, Metal Loss/Corrosion Detection, and Geometry Measurement & Bend Detection), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)

Intelligent Pigging is an inspection technique where an inspection probe, referred as a smart pig, is propelled through a complete pipeline, gathering important data, like presence or location of corrosion or other any other form of irregularities in the inner walls of the pipe.


Intelligent Pigging Market valued USD 520.29 Billion in 2016 and expected to reach USD 741.03 Billion by 2024, at a CAGR of 4.52%.

Report includes assessment of Intelligent Pigging Market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the technology, pipeline type, application, and geography to assist in strategic business planning.

The difficulties related to terrain, when the pipeline passes from one place to another may result in damage to the pipeline which eventually results in the loss of the company. It further results in polluting the nearby place where oil & gas leak may prove fatal for the residents living in the area. All this factors have boosted the application of Intelligent Intelligent Pigging Market even form the government side which boosts the regular checking and overall condition of the pipelines from where the oil & gas are passing. All these factors have boosted the demand for intelligent pigging. Cost related issues remain a restraining factor for the overall growth of Intelligent Pigging Market.

The magnetic flux leakage segment is expected to witness huge market growth and is holding one of the largest market share:

Application across oil &Intelligent Pigging Market without requiring any liquid couplant and delivering corrosion related measurements have resulted in MFL segment holding one of the largest share globally.

North America is expected to hold a major chunk of the market during the forecast period:

North America has presence of certain major players in the oil & gas industry that has resulted in North America holding one of the largest market share. The increase in focus towards inline inspection services for the pipes have further boosted the overall Intelligent Pigging Market growth.

Scope of the Report:

Intelligent Pigging Market, by Technology: Ultrasonic, Caliper, and Magnetic Flux Leakage (MFL))

Intelligent Pigging Market, by Pipeline Type: Gas and Liquid

Intelligent Pigging Market, by Application: Crack & Leak Detection, Metal Loss/Corrosion Detection, and Geometry Measurement & Bend Detection

Intelligent Pigging Marketrket, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
For more information, visit: https://www.maximizemarketresearch.com/market-report/global-intelligent-pigging-market/3782/


Intelligent Pigging Market , Market research company

 

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