2018-2023 Global Intelligent Pipeline Pigging Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Intelligent Pipeline Pigging market for 2018-2023.
A pig is a device inserted into a pipeline which travels freely through it, driven by the product flow to do a specific task within the pipeline. These tasks fall into a number of different areas: (a) Utility pigs which perform a function such as cleaning, separating products in-line or dewatering the line; (b) Inline inspection pigs which are used to provide information on the condition of the pipeline and the extent and location of any problem (such as corrosion for example) and (c) special duty pigs such as plugs for isolating pipelines.
Pipeline pigging is a technique to inspect the pipeline ducts to ensure clean and complete operability of any pipeline in various sectors such as construction, industrial plants such as chemical, oil & gas, water treatment etc. “PIGS” are the devices which are inserted into the pipeline and travel throughout to record the blockage, affected parts of the pipeline. There are mainly two types of Pigs such as ‘utility pigs’ which are used to clean and separating the batch and in-line inspection, second type of pigs are ‘ILI Tools’, which are also known as intelligent pigs and are used to collect information such as condition of the pipeline and intensity of the problem and location.
Smart Pigs or Intelligent Pipeline Pigging are large pieces of machinery pulled together with powerful technology that help with the maintenance of transmission pipelines. These pipeline pigging devices are major components to pipeline safety and accident prevention. These inspection tools provide data on the condition of pipelines which help gauge the health and integrity of the pipes. In a time where environmental protection is key and of global concern, smart pigs are the peacekeepers of the delicate relationship between pipelines and Mother Earth (and regulators). In addition, these smart pipeline pigs make sure that transmission of the product doesn't stop due to pipeline integrity issues, which can be disasterous to the bottom line.
On the basis of technology, the market is segmented into magnetic flux leakage (MFL), ultrasonic test (UT) ant others. The MFL technology segment contributed around 64% share of market revenue in 2017. UT technology segment is identified the fastest growing segment during the forecast period, expanding at a CAGR of 5.51%. The MFL technology segment is expected to register a CAGR of 5.48% over the forecast period.
Included in the larger pig industry family are pipe manufacturers, pipeline construction companies, pipeline operators, pipeline service providers, state and federal regulators and pig manufacturers. In recent years, there has been increased scrutiny and regulation of the pipeline business for environmental and public safety reasons. Market players need to pay attention to these concerns at the same time as they keep a tight lid on costs.
In addition to pig cleaning and gauging service, and smart pigging or Inline Inspection (ILI) pigs also require specialty support products and services to make them work. These include pig traps (where the pig goes into and out of the pipe), launching and receiving stations, and pig trackers and signalers. Third party suppliers that are not pig manufacturers typically provide these ancillary services.
Over the next five years, LPI(LP Information) projects that Intelligent Pipeline Pigging will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Intelligent Pipeline Pigging market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
PII (Baker Hughes)
Dacon Inspection Services
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Intelligent Pipeline Pigging consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Intelligent Pipeline Pigging market by identifying its various subsegments.
Focuses on the key global Intelligent Pipeline Pigging manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Intelligent Pipeline Pigging with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Intelligent Pipeline Pigging submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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