Intelligent Pigging Market Overview:
The Intelligent Pigging market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Intelligent Pigging Market as well as the factors influencing regional variations in the expansion of the sector.
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Intelligent Pigging Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Intelligent Pigging Market was valued at US$ 661.68 Mn. in 2020 and expected to grow at a CAGR of 5.9 % during the forecast period (2021-2027). Thanks to the growing trend of corrosion detection segment use have boosted demand for Global Intelligent Pigging Market.
Intelligent Pigging Market Segmentation:
The Intelligent Pigging market is divided into liquid and gas segments based on the type of pipeline section. With a share of 70% in 2020, the gas category dominated the global market. Gas pipeline infrastructure is growing all over the world to lower the cost of transportation and improve the supply of various types of gas for industrial and domestic consumption. In 2020, the transportation of natural gas through the gas pipeline network will satisfy more than 77.3 million US customers. Therefore, the gas pipeline industry is attracting clever pigging devices due to the necessity for safety and speedy problem detection technologies, among other factors.
The intelligent pigging market is divided into magnetic flux leakage and ultrasonic based on application segment. The market is dominated by the magnetic flux leakage category, which had a 50% market share in 2020. It is a non-destructive testing technique used to detect metal loss and corrosion in pipeline networks. This segment aids in the discovery of surface and sub-surface faults and is inexpensive and easy to use. Due to its high-speed inspection, good sensitivity to pitting, and compatibility for all ferromagnetic materials, the magnetic flux leakage segment is in high demand. The magnetic flux leakage segment is anticipated to see a CAGR of 4.1% over the course of the projected period as a result.
Intelligent Pigging Market Key Players:
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Intelligent Pigging market is dominated by the following businesses:
• NDT Global
• Enduro Pipeline Services
• Intertek Group
• Applus
• Lin Scan
• Dacon Inspection Services
• Onstream Pipeline Inspection
• SGS SA
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Regional Analysis:
The regional market research analysis for Intelligent Pigging also covers particular market driving forces and changes in market laws affecting current and future market trends. Current and upcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to establish a better foundation. The appraisal of the Intelligent Pigging market is built on the basis of the current environment and anticipated tendencies.
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
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COVID-19 Impact Analysis on Intelligent Pigging Market:
Due to a halt in operations, end-user industries utilising Reed Sensor had a fall in growth from January 2020 to May 2020. China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India were among these countries. As a result, enterprises in these industries had a sharp decline in both their demand for Intelligent Pigging manufacturers and their revenues, which had an impact on the market's expansion in 2020. Lockdowns and a surge in COVID-19 occurrences globally have severely decreased end-user business demand for Intelligent Pigging
Key Questions Answered in the Intelligent Pigging Market Report are:
- Which market segment accounted for the most percentage of Intelligent Pigging in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Intelligent Pigging market's expansion?
- Which region dominates the Intelligent Pigging market in terms of market share?
- What is the anticipated market CAGR from 2022 to 2029?
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