Intelligent Pigging Market Growth or Demand Increase or Decrease for what contains:

The Intelligent Pigging Market was valued at US$ 742.05 Mn in 2022 and is expected to grow at a CAGR of 5.9% during the forecast period (2023-2029). This growth is driven by the increasing trend of corrosion detection, which has significantly boosted demand for the Global Intelligent Pigging Market.

Hifi Engineering Inc. created the "HDS Pipeline Pig Management Application" (PMA). This system uses advanced machine learning and artificial intelligence to recognise pigs and follow pipeline networks. Geophones, very low frequency (FLF) transmitters, and above-ground markers (AGMs) are examples of tracking systems that have advanced to improve the efficiency of intelligent pigging devices. These are some recent advancements that help the market thrive.

Intelligent Pigging Market CAGR Estimation:

The market is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2029.

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Intelligent Pigging Market Segmentation:

• By Type of Pipeline:
  • Liquid
• Gas (Dominates with 70% market share in 2022)

The Intelligent Pigging market is divided into two segments based on pipeline type: liquid and gas. The gas category dominates the global market, with a 70% share in 2022. Gas pipeline infrastructure is being built across the country to lower transportation costs and expand access to various types of gas for industrial and home use. In 2022, natural gas transportation via a network of gas pipes will satisfy more than 77.3 million US customers. As a result of the demand for safety and speedy problem detection technologies, intelligent pigging devices are gaining popularity in the gas pipeline industry.

• By Technology:
  • Corrosion Detection (Valued at US$ 125.5 Mn in 2021)
  • Geometry Measurement & Bend Detection
  • Crack & Leak Detection

The intelligent pigging market is divided into three technology segments: corrosion detection, geometry measurement and bend detection, and crack and leak detection. The corrosion detection sector dominates the global market, which was valued at $125.5 million in 2021. Metal corrosion occurs as a result of the reaction between oxygen and hydrogen. Because of this corrosion, the oil and gas industries have suffered significant losses in recent days. The existence of corrosion detecting technology in intelligent pigging is attracting major companies. For example, the United States loses $300 billion each year due to the presence of 50-year-old pipelines throughout the country.

• By Application:
  • Magnetic Flux Leakage (Dominates with 50% market share in 2022)
• Ultrasonic

Intelligent Pigging Market Overview:

Intelligent Pigging involves using non-destructive techniques like ultrasonic testing and magnetic flux techniques for pipeline cleaning and inspection. Initially used to remove dirt and debris, technological advancements have allowed these pigs to detect stress corrosion cracking, pitting corrosion, gouges, dents, and longitudinal cracks. The types of pigs include utility pigs, in-line inspection pigs, and gel pigs. The increasing demand for intelligent pigging is due to its ability to enhance pipeline safety, ensure product delivery at an economic cost, improve safety during high-pressure operations, and facilitate timely repairs.

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Intelligent Pigging Market: Which Regions are Experiencing Growth or Increased Demand?

• North America:
  • Dominates the market due to the presence of large oil and gas industries and high natural gas consumption.
  • Government regulations like those from the US Pipeline and Hazardous Material Safety Administration (PHMSA) drive market growth.
• Asia-Pacific:
  • Second largest market with significant investments in cross-border oil supply, increasing research activities for natural gas reserves, and stringent safety regulations.
  • Example: BP's agreement with the Chinese government for natural gas supply to Guangdong province.

Intelligent Pigging Market Scope and Methodology:

The report aims to provide a comprehensive analysis of the global Intelligent Pigging market, covering past and current industry status, forecasted market size, trends, and key players. Analysis includes PORTER, PESTEL, and micro-economic factors impacting the market. The report helps stakeholders understand market dynamics, structure, and competitive landscape.

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Intelligent Pigging Market Key Players:

1. T.D. Williamson
2. Baker Hughes
3. Rosen Group
4. NDT Global
5. Enduro Pipeline Services
6. Intertek Group
7. Applus
8. Lin Scan
9. Dacon Inspection Services
10. Onstream Pipeline Inspection
11. SGS SA
12. Hak Industrial Services
13. Quest Integrity Group
14. Cdria Pipeline Services
15. Cokebusters
16. Romstar
17. Halfwave As
18. Penspen
19. Rouge Pipeline & Process Service
20. Corrosion Control Engineering

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Key questions answered in the Intelligent Pigging Market are:

• What is Intelligent Pigging?
• What is the growth rate of the Intelligent Pigging Market?
• Which are the factors expected to drive the Intelligent Pigging market growth?
• What are the different segments of the Intelligent Pigging Market?
• What growth strategies are the players considering to increase their presence in Intelligent Pigging?
• What are the upcoming industry applications and trends for the Intelligent Pigging Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Intelligent Pigging Market?
• What major challenges could the Intelligent Pigging Market face in the future?
• What segments are covered in the Intelligent Pigging Market?
• Who are the leading companies and what are their portfolios in Intelligent Pigging Market?
• What segments are covered in the Intelligent Pigging Market?
• Who are the key players in the Intelligent Pigging market?

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