Intelligent Pigging Market

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INTELLIGENT PIGGING MARKET ANALYSIS

• Intelligent Pigging Market, By Technology
  (Magnetic Flux Leakage, Ultrasonic Test), By
  End-use Industry (Oil, Gas), By Region (North
  America, Europe, Asia-pacific, Latin America,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 2027

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Pigging is an advanced technique in which devices
called pigs are attached to the pipelines in
order to perform inspection and cleansing
activities. Intelligent pigging is an inspection
device used to gather important data such as to
identify the presence of corrosion or other
deformities on the inner walls of the pipe. The
intelligent pigging system is advanced devices
that are capable of doing the advance inspection
and also cleanse it effectively. Intelligent
pigging uses advanced examination techniques to
inspect the long pipe such as ultrasonic testing
and magnetic flux leakage testing for detecting
erosion, metal loss, pitting, etc.The global
intelligent pigging market is projected to
surpass US 900 million by the end of 2027, in
terms of revenue, growing at CAGR of 6.4 during
the forecast period (2020 to 2027).

• Drivers
• Development in the global economy is a major
  factor fueling the market growth of intelligent
  pigging. In the recent few years, the global
  economy has significantly improved and is
  expected to grow further in the near future due
  to developing monetary conditions. Rapid
  urbanization and industrialization around the
  globe coupled with favorable government policies
  are also expected to augment the market growth of
  intelligent pigging.
• Advancement in the inspection technologies by
  major players is expected to favor the market
  growth of the intelligent pigging. For instance,
  in September 2019, Indian Oil launched a new
  artificial intelligence-powered intelligent
  pigging analysis software. The new intelligent
  pigging analysis software is based on Alethe
  Consultings MASS platform. Thus, the advent of
  advanced inspection technologies is expected to
  propel the market growth.
• Regionally, North America dominated the global
  intelligent pigging market in 2019,
  reporting 48 market share in terms of revenue,
  followed by Europe and Asia-Pacific,
  respectively.

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Figure 1. Global Intelligent Pigging Market,
Revenue Share (), By Region, 2019
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Market Restraints

• Intense competition in the market due to the
  presence of a large number of players has led to
  price wars, in turn, reducing profit market of
  the manufacturer is expected to hinder the market
  growth of intelligent pigging. Cost-sensitive
  market such as India is expected to leads to
  price among providers.
• The high cost of implementation of an in-line
  pigging system based on MFL, UT, and EMAT
  technologies is expected to restrict the market
  growth of intelligent pigging. According to
  Coherent Market Insights analysis, the average
  pricing of intelligent pigging technologies such
  as MFL and UT is expected to increase by
  approximately 5-7 on year on year basis over the
  next few years.

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Market Opportunities

• Rising demand for small-diameter intelligent
  pigging system is expected to provide potential
  growth opportunities to the market of the
  intelligent pigging. The growing use of combined
  technologies such as magnetic flux leakage and
  ultrasonic technology for the oil gas industry
  due to its robustness and flexibilities is
  further anticipated to propel the market growth
  of the intelligent pigging over the forecast
  period.
• Increasing focus of manufacturer on regular
  inspection and maintenance of pipeline is raising
  demand for advanced inspection such as multi-data
  set (MDS) for locating dents and deformation
  (DEF) for detecting dents. Moreover, increasingly
  strict regulations regarding the inspection
  technique across the various industry for safety
  purpose is also expected to augment the market
  growth of the intelligent pigging over the
  forecast period.

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Figure 2. Global Intelligent Pigging
Market
Opportunity Analysis
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 Market Trends 

• Increasing shale gas and offshore deep-water
  exploration activities are expected to stimulate
  the market growth of intelligent pigging over the
  forecast period. Growth in the oil gas industry
  due to technological advancement and expanding
  network of pipelines to distribute petroleum
  products is further anticipated to foster the
  market growth of the intelligent pigging over the
  forecast timeframe.
• The rising trend of integrating a GPS system on
  intelligent pigging for efficient diagnosis of
  the defects in the pipe is expected to foster the
  market growth of the intelligent pigging. The new
  generation pigs comprise GPS capability that
  allows easy detection of precise and small
  defects in the inner wall of the pipeline.
  Moreover, GPS pigs are also available in a
  variety of sizes. The growing adoption of such
  advanced technologies is expected to propel the
  market growth.
•  

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Figure 3. Global Intelligent Pigging Market,
Revenue Share (), By Technology, In 2019
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On the basis of technology, magnetic flux leakage
dominated the global intelligent pigging market
in 2019 with around 67 of market share in terms
of revenue, followed by ultrasonic test,
respectively

• Competitive Section
• Key players are operating in the global
  intelligent pigging market are LIN SCAN, T.D.
  Williamson, Inc., Baker Hughes Incorporated, GE
  Oil and Gas, NDT Global, Enduro Pipeline
  Services, Inc., Oil Gas Explorers and
  Producers, Petrobras, OMV Group, ConocoPhillips,
  and Royal Dutch Shell PLC
• Few Recent Developments
• LIN SCAN
• In April 2019, LIN SCAN successfully completed
  the cleaning and inspection of three strategic
  crude oil loading lines in the UAE that had been
  deemed unpiggable. LIN SCAN carried out the
  geometric and metal loss inspection survey using
  its high-resolution magnetic flux leakage tool
  and submitted digital intelligent inspection
  reports for the integrity assessment of these
  lines.

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