Pigging is an advanced technique in which devices called pigs are attached to the pipelines in order to perform inspection and cleansing activities. Intelligent pigging is an inspection device used to gather important data such as to identify the presence of corrosion or other deformities on the inner walls of the pipe. The intelligent pigging system is advanced devices that are capable of doing the advance inspection and also cleanse it effectively. Intelligent pigging uses advanced examination techniques to inspect the long pipe such as ultrasonic testing and magnetic flux leakage testing for detecting erosion, metal loss, pitting, etc.
Global intelligent pigging market was valued at US$ 723 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2022 to 2030).
Drivers
Development in the global economy is a major factor fueling the market growth of intelligent pigging. In the recent few years, the global economy has significantly improved and is expected to grow further in the near future due to developing monetary conditions. Rapid urbanization and industrialization around the globe coupled with favorable government policies are also expected to augment the market growth of intelligent pigging.
Advancement in the inspection technologies by major players is expected to favor the market growth of the intelligent pigging. For instance, in September 2019, Indian Oil launched a new artificial intelligence-powered intelligent pigging analysis software. The new intelligent pigging analysis software is based on Alethe Consulting’s MASS platform, a data platform. Thus, the advent of advanced inspection technologies is expected to propel the market growth.
The intelligent pigging market has witnessed a negative impact in the recent months owing to the lockdowns imposed globally to curb the spread of COVID-19. Manufacturing plants were also shut down on government orders for a brief period, which has hampered the product demand since December 2019. The negative impact occurred owing to the non-availability of the workforce and is anticipated to dissipate in the coming months, while the product demand is anticipated to grow in the long term.
Figure 1. Global Intelligent Pigging Market Value Share (%), By Region, 2021
Market Restraints
Intense competition in the market due to the presence of a large number of players has led to price wars, in turn, reducing profit market of the manufacturer is expected to hinder the market growth of intelligent pigging. Cost-sensitive market such as India is expected to leads to price among providers. The high cost of implementation of an in-line pigging system based on MFL (Magnetic Flux Leakage), UT (Ultrasonic Testing), and EMAT (Electro-Magnetic Acoustic Transducer) technologies is expected to restrict the market growth of intelligent pigging. According to Coherent Market Insights analysis, the average pricing of intelligent pigging technologies such as MFL and UT is expected to increase by approximately 5-7% globally on year on year basis over the next few years.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 723 Mn |
| Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
| Forecast Period 2022 to 2030 CAGR: | 5.5% | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas, NDT Global, Enduro Pipeline Services, Inc., Oil & Gas Explorers and Producers, Petrobras, OMV Group, ConocoPhillips, and Royal Dutch Shell PLC |
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Market Trends
Increasing shale gas and offshore deep-water exploration activities are expected to stimulate the market growth of intelligent pigging over the forecast period. Growth in the oil &gas industry due to technological advancement and expanding network of pipelines to distribute petroleum products is further anticipated to foster the market growth of the intelligent pigging over the forecast period. The rising trend of integrating a GPS system on intelligent pigging for efficient diagnosis of the defects in the pipe is expected to foster the market growth of the intelligent pigging. The new generation pigs comprise GPS capability that allows easy detection of precise and small defects in the inner wall of the pipeline. Moreover, GPS pigs are also available in a variety of sizes. The growing adoption of such advanced technologies is expected to propel the market growth.
Figure 2. Global Intelligent Pigging Market Value Share (%), By Technology, 2021
On the basis of technology, magnetic flux leakage dominated the global intelligent pigging market in 2021 with around 67% of market share in terms of revenue, followed by ultrasonic test, respectively.
Recent Developments
Competitive Section
Major players operating in the global intelligent pigging market include LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas, NDT Global, Enduro Pipeline Services, Inc., Oil & Gas Explorers and Producers, Petrobras, OMV Group, ConocoPhillips, and Royal Dutch Shell PLC
Intelligent Pigging is a type of inspection method where an inspection probe or smart pig is drove through pipelines for collection of vital data like presence and location of corrosion and other irregularities of inner walls of pipe. This enables the cleaning of pipelines by scrapping pipe side-walls and removal of dirt and wreckage through it which avoids erosion-corrosion, pitting, weld anomalies, metal loss.
Market Dynamics
The global intelligent pigging market has witnessed significant growth in recent past years, owing to the rising incorporation of automation technology by original equipment manufacturers and equipment vendors in various end user industries. Pipe manufacturers are focusing on research and developments for improving the pipeline inspections and maintenance which will enable efficient analysis of pipeline flow. This scenario is expected to provide lucrative growth to the global intelligent pigging market over the forecast period.
Major players in the global intelligent pigging market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries manufacturing, oil & gas, mining and others. This scenario is expected to fuel the market during the forecast period.
Intelligent pigging is a technique of inspecting a pipeline internally and gathering information regarding presence and location of corrosion, bends, and other anomalies in the pipelines. The complexity of mandatory pipeline inspections and increased governmental regulations have led to the need for intelligent pigging service for pipelines. Pipeline operators need access to data to mitigate risk and ensure safety effectively by evaluating signs of metal loss, corrosion detection, and other physical defects.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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