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Intelligent Pipeline Pigging Services Market Size

Report ID: GMI6173
Published Date: Jul 2023
Report Format: PDF

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Intelligent Pipeline Pigging Services Market Size

Intelligent Pipeline Pigging Services Market size was valued at USD 1.2 billion in 2023 and is projected to grow at a CAGR of 1.3% from 2024 to 2032. The global market for pipeline pigging services is expected to cross a valuation of USD 3.5 billion by 2032.

Intelligent Pipeline Pigging Services Market

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The existing pipeline infrastructure, particularly older constructions, often presents challenges for pigging services and inline inspection tools. However, with increasing focus on pipeline safety and regulatory compliance, intelligent pigging services are evolving to meet stricter standards and requirements. Compliance with regulations, such as integrity management programs, environmental protection measures, and reporting obligations, is a key consideration in the design and execution of pipeline pigging operations.

Intelligent Pipeline Pigging Services Market Report Attributes
Report Attribute	Details
Base Year:	2023
Intelligent Pipeline Pigging Services Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	1.3%
2032 Value Projection:	USD 1.4 Billion
Historical Data for:	2019 to 2023
No. of Pages:	150
Tables, Charts & Figures:	274
Segments covered:	Application, End Use
Growth Drivers:	Demand for efficient supply infrastructure Shifting trend towards natural gas Emphasis on flow efficiency enhancement
Pitfalls & Challenges:	Geopolitical uncertainty Unpiggable pipelines

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Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of intelligent pipeline pigging services was worth USD 1.2 billion in 2022 and is projected to grow at a CAGR of 1.3% during 2024 to 2032, on account of demand for efficient supply infrastructure and shifting trend towards natural gas.

The internal cleaning segment is expected to expand at 2% growth rate from 2023 to 2032, owing to adoption of advanced cleaning technologies like intelligent pigging tools equipped with advanced sensors and imaging capabilities to provide accurate and detailed information about the pipeline's condition.

Europe intelligent pipeline pigging services sector is expected to experience around 1% growth through 2032 due to the increasing focus on improving the flow dynamics of interregional gas trade infrastructure.

Baker Hughes Company, Applus+, T.D. Williamson, Inc., ROSEN Group, NDT Global, Altus Intervention, LIN SCAN, CIRCOR International, Inc., Dacon, IKM Testing, Inline Services, LLC, and Halliburton.