Global Pipeline Pigging Systems Market 2018-2022
About Pipeline Pigging Systems
Pipeline pigging systems has been used for many decades in different forms. At present, a wide range of industries, sectors, and applications that process liquids use pigging systems.
Technavio’s analysts forecast the global pipeline pigging systems market to grow at a CAGR of 4.6% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global pipeline pigging systems market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of pipeline pigging systems in different segments
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pipeline Pigging Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the global pipeline pigging systems market: 3P Services, Baker Hughes, CIRCOR International, Dacon Inspection Services, LIN SCAN, T.D. Williamson.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of intelligent pigs. Intelligent pigs are also called as smart pigs or in-line inspection pigs. Intelligent pigs use numerous methods for inspecting pipelines. The sizing of pigs employs one or more notched metal plates as gauges.”
According to the report, one of the major drivers for this market is the economic benefits of pipeline transportation. The primary objective of pipeline transportation is to ensure a secure movement of the product inside the pipelines toward the destinations. Few other primary benefits that are associated with the pipeline transportation are cost efficiency, fewer safety concerns, and employment.
Further, the report states that one of the major factors hindering the growth of this market is the increasing pipeline sabotage and attack. Pipeline sabotage and attack by activists has led many oil and gas pipeline companies to face significant losses. Such attacks have been a significant challenge to the growth of the petroleum and pipeline industries.
Dacon Inspection Services