Global Pipeline Pigging Services Market to reach USD XX million by 2027.Global Pipeline Pigging Services Market is valued approximately at USD XX Million in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Pipeline pigging is a practice of using a device, which is called the ???pig???, for cleaning, inspection, maintenance, process, dimensioning, and pipeline testing operations. Growing concern regarding pipeline safety and energy infrastructure, advancement in pigging technologies, new product launches and growing pipeline infrastructure are boosting the demand for pipeline pipping services around the world. For instance, in January 2019, T.D. Williamson launched 4-inch inspection tool for low pressure and small diameter pipelines. The tool was aimed to help in reducing inspection time and cost by producing accurate and comprehensive metal loss and geometry data in a single run. Also, according to Statista, pipeline network of Indian Oil Corporation Limited, has surged to 14670 kilometers in 2020 from 13391 kilometers in 2018. Furthermore, government projects to expand the pipeline network and growing focus on research and development are expected to fuel demand in coming years. However, high cost of pigging services is expected to hamper the growth during forecast period.
North America is the leading region in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to construction of new pipeline network across the region. Whereas, Asia Pacific is expected to grow with the fastest pace during forecast period, due to energy demand from emerging countries such as China, Australia and India.
Major market player included in this report are:
Royal Dutch Shell PLC
Baker Hughes
GE company LLC
TD Williamson, Inc.
NDT Global GmbH & Co. KG
Rosen Group
Circor International, Inc.
Dacon Inspection Technologies co., Ltd.
Inline Services, LLC
China National Petroleum Corporation (CNPC)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Services:
Solid
Hollow
By Application:
Metal Loss / Corrosion Detection
Crack & Leakage Detection
Geometry Measurement & Bend Detection
By End-use:
Oil
Gas
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Pipeline Pigging Services Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors