Pipeline Pigging Services Market Size (2024 - 2029)

The pipeline pigging services market is anticipated to experience growth driven by the need for maintenance of aging pipeline systems and the expansion of pipeline networks, which are crucial for oil and gas infrastructure. The market size is influenced by the increasing demand for efficient pipeline inspection and maintenance solutions, with intelligent pigging emerging as a leading method. Despite challenges such as data interpretation ambiguities and additional costs, the market is poised for opportunities due to upcoming global pipeline projects. North America is expected to lead in market share, particularly in the United States and Canada.

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Market Size of Pipeline Pigging Services Industry

Pipeline Pigging Services Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.70 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Pipeline Pigging Services Market Key Players

*Disclaimer: Major Players sorted in no particular order

Pipeline Pigging Services Market Analysis

The market for pipeline pigging services is expected to register a CAGR of 5.7% during the forecast period of 2020-2025. The global demand for oil is expected to witness an annual growth rate of 1.2 million barrels per day (mbd) until 2023. Similarly, the global demand for natural gas is expected to increase by 1.6% a year for the period of 2018-2023, with consumption reaching almost 4,000 billion cubic meter (bcm) by 2022. Despite significant advancements in the entire oil and gas industry, aging pipeline systems remain a major cause of concern and require continuous maintenance activities to ensure pipeline efficiency, which in turn, is likely to drive the market. Also, a growing pipeline network is expected to drive the market as pipelines are an integral part of oil and gas infrastructure and require a high level of maintenance and conditioning to ensure proper on-site operations. On the other hand, ambiguity caused during data interpretation of the pipeline inspection process and, in some cases, the extra cost associated with the operation of the second pig is expected to act as a restraint for the pipeline pigging services market.

  • Intelligent pigging is expected to dominate the market as intelligent pigging is a smart solution getting used by the oil and gas industry as part of its pipeline inspection and maintenance program.
  • The upcoming pipeline projects which were under construction globally are expected to create tremendous market opportunities in years to come.
  • North America is expected to dominate the market with the majority of the demand coming from countries, such as the United States and Canada.

Pipeline Pigging Services Industry Segmentation

The pipeline pigging services market report includes:

Pigging Type
Intelligent Pigging
Magnetic Flux Leakage (MFL) Pigging
Ultrasonic Test Pigging
Caliper Pigging
Others
Application
Crack & Leakage Detection
Metal Loss/Corrosion Detection
Geometry Measurement & Bend Detection
Others
Pipeline Fluid Type
Oil
Gas
Geography
North America
Europe
Asia-Pacific
Middle-East and Africa
South America
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Pipeline Pigging Services Market Size Summary

The pipeline pigging services market is poised for growth, driven by the increasing need for maintenance of aging pipeline systems and the expansion of pipeline networks in the oil and gas industry. Despite advancements in technology, the efficiency of pipeline operations remains a concern, necessitating continuous maintenance activities. Intelligent pigging, a smart solution for pipeline inspection and maintenance, is expected to dominate the market due to its ability to gather critical data on pipeline integrity, such as corrosion and irregularities. The market is also influenced by regulatory requirements, particularly in regions like India, where government mandates have increased the frequency of intelligent pigging operations. However, challenges such as data interpretation ambiguities and the costs associated with additional pigging operations may restrain market growth.

North America is anticipated to lead the pipeline pigging services market, with significant demand from the United States and Canada, where a substantial portion of crude oil and natural gas is transported through pipelines. The region's energy sector continues to expand, driven by new extraction techniques and the development of shale regions, further boosting the demand for pipeline maintenance services. The market is characterized by fragmentation, with key players including Rosen Group, T.D. Williamson Inc., Baker Hughes Company, Romstar Sdn Bhd, and Dacon Inspection Services Co. Ltd. As the energy demand grows and pipeline infrastructure expands, the pipeline pigging services market is expected to experience substantial growth during the forecast period.

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Pipeline Pigging Services Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 List of Major Upcoming and in Pipeline Projects, 2018 (Length of Pipeline, Transportation Fuel, Operator, Total CAPEX, Year of Start of Construction, Commissioning Year)

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 Porter's Five Forces Analysis

      1. 1.8.1 Bargaining Power of Suppliers

      2. 1.8.2 Bargaining Power of Consumers

      3. 1.8.3 Threat of New Entrants

      4. 1.8.4 Threat of Substitutes Products and Services

      5. 1.8.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Pigging Type

      1. 2.1.1 Intelligent Pigging

        1. 2.1.1.1 Magnetic Flux Leakage (MFL) Pigging

        2. 2.1.1.2 Ultrasonic Test Pigging

        3. 2.1.1.3 Caliper Pigging

      2. 2.1.2 Others

    2. 2.2 Application

      1. 2.2.1 Crack & Leakage Detection

      2. 2.2.2 Metal Loss/Corrosion Detection

      3. 2.2.3 Geometry Measurement & Bend Detection

      4. 2.2.4 Others

    3. 2.3 Pipeline Fluid Type

      1. 2.3.1 Oil

      2. 2.3.2 Gas

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Middle-East and Africa

      5. 2.4.5 South America

Pipeline Pigging Services Market Size FAQs

The Pipeline Pigging Services Market is projected to register a CAGR of greater than 5.70% during the forecast period (2024-2029)

Rosen Group , T.D. Williamson, Inc, Romstar Sdn. Bhd. , Dacon Inspection Services Co Ltd and Baker Hughes Company are the major companies operating in the Pipeline Pigging Services Market.

Pipeline Pigging Services Market Report Snapshots

Pipeline Pigging Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)