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Global Pipeline Pigging Equipment Market Size, Trends, Analysis - Segmented by Application, Products, and Geography - Growth, Trends and Forecast (2022 - 2030)
SKU ID : INH-13104594 | Publishing Date : 01-Jul-2018 | No. of pages : 130
Pipeline Pigging Equipment Market
The pipeline pigging equipment market is poised for growth in near future riding on surging development of infrastructure pertaining to oil & gas sector. The pigging operations are imperative in pipeline infrastructure to maintain proper flow of fluid and ensure activities in smooth manner. The oil & gas infrastructure is in growing phase across sub-sectors i.e. upstream, midstream and downstream which employs pipeline network to transport the fluid which provides business opportunities for pipeline pigging equipment companies. Apart from that, the technological advancements and implementation of digital technologies is likely to promulgate the pipeline pigging equipment market across the world.
The pipeline pigging equipment market is categorized according to product and application. The various types of pipeline pigging equipment include Pipeline Pig Products, Pig Passage Indicators, Pig Trackers and Indicators, Pig Launching & Receiving, Pig Washer Equipment, Closures. The applications involve Oil Pipeline Pigging Systems and Gas Pipeline Pigging Systems.
Rising Offshore Exploration & Production (E&P) Activity - Drives the Market
To meet the expected oil demand in the future, opportunities lie in offshore deep-sea beds, where oil & gas operators continue to discover new reserves. Moreover, the production from unconventional reserves are witnessing widespread growth which presents massive opportunities for pipeline pigging equipment business. The oil & gas extraction from offshore unconventional reserves lead to production of high concentration of impurities, such as bitumen, water, and carbon dioxide, which pose a threat to the integrity of the pipeline system in place. Thus, leading to increased requirement of pipeline pigging services. Many regions around the world have begun offshore explorations in order to exploit their fair share of natural resources and to kick start their economy, which, in turn provides a huge impetus to pipeline pigging market.
China and India to Drive the Growth in Asia-Pacific for Pipeline Pigging Equipment Market
In 2017, Asia-Pacific accounted for around 35.8% and 21% of crude oil and natural gas consumption, respectively, and was one of the largest segments of the oil & gas pipeline maintenance services market. As of June 2017, China had 112,000 km of oil and gas pipeline and is expected to reach 240,000 km, by 2025. Further, as of September 2017, India’s gas pipeline infrastructure was spread across 16,470 km. As of October 2017, India is the fourth-largest importer of LNG. The domestic LNG demand is expected to touch 90 billion cubic meters (bcm), from 21.3 bcm in 2017-2018 (April-November), and is expected to heavily expand the gas pipeline network across the country. With increasing pipeline network, the demand for pipeline pigging equipment market in the region is expected to grow substantially during the forecast period.
Key Developments in the Pipeline Pigging Equipment Market
June 2018: T.D. Williamson announced that it received a patent for a positive material identification (PMI) process.
Pipeline Pigging Equipment Market Major Players include -
Baker Hughes
3P Services
Dacon Inspection Services
PII Pipeline Solutions
LIN SCAN
Reasons to Purchase Pipeline Pigging Equipment Market Report
Current and future pipeline pigging equipment market outlook in the developed and emerging markets.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The segment that is expected to dominate the market.
Regions that are expected to witness fastest growth during the forecast period.
Identify the latest developments, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customize Pipeline Pigging Equipment Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
The pipeline pigging equipment market is poised for growth in near future riding on surging development of infrastructure pertaining to oil & gas sector. The pigging operations are imperative in pipeline infrastructure to maintain proper flow of fluid and ensure activities in smooth manner. The oil & gas infrastructure is in growing phase across sub-sectors i.e. upstream, midstream and downstream which employs pipeline network to transport the fluid which provides business opportunities for pipeline pigging equipment companies. Apart from that, the technological advancements and implementation of digital technologies is likely to promulgate the pipeline pigging equipment market across the world.
The pipeline pigging equipment market is categorized according to product and application. The various types of pipeline pigging equipment include Pipeline Pig Products, Pig Passage Indicators, Pig Trackers and Indicators, Pig Launching & Receiving, Pig Washer Equipment, Closures. The applications involve Oil Pipeline Pigging Systems and Gas Pipeline Pigging Systems.
Rising Offshore Exploration & Production (E&P) Activity - Drives the Market
To meet the expected oil demand in the future, opportunities lie in offshore deep-sea beds, where oil & gas operators continue to discover new reserves. Moreover, the production from unconventional reserves are witnessing widespread growth which presents massive opportunities for pipeline pigging equipment business. The oil & gas extraction from offshore unconventional reserves lead to production of high concentration of impurities, such as bitumen, water, and carbon dioxide, which pose a threat to the integrity of the pipeline system in place. Thus, leading to increased requirement of pipeline pigging services. Many regions around the world have begun offshore explorations in order to exploit their fair share of natural resources and to kick start their economy, which, in turn provides a huge impetus to pipeline pigging market.
China and India to Drive the Growth in Asia-Pacific for Pipeline Pigging Equipment Market
In 2017, Asia-Pacific accounted for around 35.8% and 21% of crude oil and natural gas consumption, respectively, and was one of the largest segments of the oil & gas pipeline maintenance services market. As of June 2017, China had 112,000 km of oil and gas pipeline and is expected to reach 240,000 km, by 2025. Further, as of September 2017, India’s gas pipeline infrastructure was spread across 16,470 km. As of October 2017, India is the fourth-largest importer of LNG. The domestic LNG demand is expected to touch 90 billion cubic meters (bcm), from 21.3 bcm in 2017-2018 (April-November), and is expected to heavily expand the gas pipeline network across the country. With increasing pipeline network, the demand for pipeline pigging equipment market in the region is expected to grow substantially during the forecast period.
Key Developments in the Pipeline Pigging Equipment Market
June 2018: T.D. Williamson announced that it received a patent for a positive material identification (PMI) process.
Pipeline Pigging Equipment Market Major Players include -
Baker Hughes
3P Services
Dacon Inspection Services
PII Pipeline Solutions
LIN SCAN
Reasons to Purchase Pipeline Pigging Equipment Market Report
Current and future pipeline pigging equipment market outlook in the developed and emerging markets.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The segment that is expected to dominate the market.
Regions that are expected to witness fastest growth during the forecast period.
Identify the latest developments, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customize Pipeline Pigging Equipment Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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