Press Release

Pipeline Pigging Services Market to Grow with a CAGR of 7.19% through 2029

Increasing demand for energy infrastructure development and stringent regulatory requirements for pipeline integrity are likely to drive the market in the forecast period.


According to TechSci Research report, “Pipeline Pigging Services Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Pipeline Pigging Services Market was valued at USD 8.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.19% through 2029.

One significant driver propelling the global Pipeline Pigging Services market is the growing emphasis on preventive maintenance and asset integrity within the energy sector. As pipelines age and face challenges such as corrosion, erosion, and material degradation, there is a heightened awareness of the importance of proactive measures to ensure the long-term reliability of these critical infrastructures. Pipeline operators are increasingly adopting preventive maintenance strategies, wherein pigging services play a pivotal role. Pipeline pigging services enable operators to conduct regular inspections, identify potential issues, and address them before they escalate into major problems. The deployment of intelligent pigs equipped with advanced sensors allows for real-time data collection, facilitating the early detection of corrosion, cracks, or other anomalies. This preventive approach not only extends the lifespan of pipelines but also minimizes the likelihood of unexpected disruptions, ensuring a more secure and efficient energy transportation network.

The global Pipeline Pigging Services market is significantly driven by the expansion of shale gas and oil exploration activities. The exploration and extraction of hydrocarbons from unconventional reserves, such as shale formations, have witnessed remarkable growth in recent years. As these exploration activities intensify, there is a parallel increase in the demand for reliable pipeline infrastructure to transport the extracted resources to processing facilities and end-users. The expansion of shale gas and oil exploration brings about the need for extensive pipeline networks, creating opportunities for the Pipeline Pigging Services market. Pipelines in these environments often encounter unique challenges, including the presence of abrasive substances and varying operating conditions. Pigging services, equipped to handle such conditions, become crucial for maintaining the integrity and efficiency of these pipelines. The demand for specialized pigging solutions tailored to the challenges of unconventional resource extraction drives growth in the market, positioning it as an essential partner in the evolving landscape of global energy exploration.

                                                                                             

Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on "Global Pipeline Pigging Services Market. 


The Global Pipeline Pigging Services Market is segmented into pigging type, application, pipeline fluid type and region.

Based on Application, The Metal Loss/Corrosion Detection segment held the largest Market share in 2023. Metal loss and corrosion are major threats to pipeline integrity, and early detection is crucial for preventing catastrophic failures. Metal Loss/Corrosion Detection technologies, such as Magnetic Flux Leakage (MFL) and other advanced inspection methods, provide accurate and detailed information about the condition of the pipeline, allowing operators to address corrosion issues before they lead to structural failures. Pipeline failures due to corrosion can have severe safety and environmental consequences. Governments and regulatory bodies globally enforce strict standards to ensure the safety of pipeline operations. Metal Loss/Corrosion Detection helps operators comply with these standards, minimizing the risk of incidents that could harm personnel, communities, and the environment.

Metal loss, if left unchecked, can compromise the structural integrity of pipelines, leading to reduced lifespan and increased maintenance costs. Metal Loss/Corrosion Detection allows operators to assess the extent of corrosion, plan targeted maintenance, and extend the operational life of pipelines, contributing to the efficient use of infrastructure. Detecting and addressing metal loss and corrosion issues early in the pipeline's life cycle is more cost-effective than dealing with emergency repairs or replacements. Metal Loss/Corrosion Detection supports proactive maintenance strategies, reducing operational costs and optimizing budget allocations for pipeline operators. Compliance with regulatory standards is a key driver in the pipeline industry. Metal Loss/Corrosion Detection helps pipeline operators meet and exceed regulatory requirements by providing accurate and reliable data on the condition of pipelines. This proactive approach ensures alignment with safety and environmental standards.

Continuous advancements in technology have enhanced the capabilities of Metal Loss/Corrosion Detection methods. From traditional MFL to advanced smart pigging technologies, these methods now offer greater accuracy, sensitivity, and coverage, making them even more attractive for pipeline operators seeking comprehensive corrosion assessments. Metal Loss/Corrosion Detection methods, especially MFL, have been in use for several decades and have a proven track record. Their reliability and effectiveness in detecting corrosion anomalies have been validated through extensive industry experience, contributing to their widespread adoption.

 

Major companies operating in the Global Pipeline Pigging Services Market are:

  • Rosen Group
  • T.D. Williamson, Inc.
  • Romstar Sdn. Bhd.
  • Dacon Inspection Services Co Ltd.
  • Baker Hughes Company
  • Enduro Pipeline Services, Inc.
  • NDT Global Services Ltd.
  • Onstream Pipeline Inspection Services Inc.
  • IKM Gruppen AS
  • Penspen Limited

 

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“The Global Pipeline Pigging Services Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The global Pipeline Pigging Services market is propelled by a strategic shift towards proactive pipeline maintenance within the energy sector. Increasingly, pipeline operators recognize the necessity of preventive measures to ensure the sustained integrity and efficiency of their infrastructure. By leveraging pigging services, operators can conduct routine inspections, identify potential issues early on, and undertake maintenance measures, minimizing the risk of disruptions. The adoption of intelligent pigging technologies further enhances real-time data collection, offering a proactive approach that not only extends the lifespan of pipelines but also contributes to a more secure and dependable energy transportation network. Therefore, the Market of Pipeline Pigging Services is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Pipeline Pigging Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Pigging Type (Magnetic Flux Leakage (MFL) Pigging, Ultrasonic Test Pigging, Utility Pigging, Caliper Pigging and Others), By Application (Crack and Leakage Detection, Metal Loss/Corrosion Detection, Geometry Measurement and Bend Detection and Others), By Pipeline Fluid Type (Oil and Gas), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of Global Pipeline Pigging Services Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Pipeline Pigging Services Market.

 

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