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Pipeline Pigging Services Market Trends

Report ID: GMI4654
Published Date: Jul 2023
Report Format: PDF

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Pipeline Pigging Services Market Trends

The ongoing transition towards unconventional gas resources, coupled with evolving interregional trade dynamics, presents new opportunities for pipeline developers and service providers, including pipeline pigging. These services, as part of integrity management operations, play a vital role in maintaining supply systems in optimal condition. They are also considered essential for corrosion control within transmission networks. Regulatory bodies have established specific time intervals for conducting inline inspection operations on pipelines, aiming to minimize the risk of failures.

These intervals typically vary depending on factors such as line length and the properties of the hydrocarbons being transported. The North America and Middle East regions have seen a significant increase in the use of mature pipelines, which has resulted in the widespread adoption of various operations and maintenance (O&M) services, including pigging. Additionally, continuous technological advancements have enabled service providers to carry out their operations efficiently without disrupting the flow of hydrocarbons. This has further heightened the pipeline pigging services market expansion.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of pipeline pigging services reached USD 3.1 billion in 2022 and is anticipated to register CAGR of 1% during 2023 to 2032, owing to emphasis on flow efficiency enhancement.

The intelligent pigging segment is set register 1% growth rate through 2032 as these services involve the use of advanced equipment, such as sensors, to collect diverse data during pipeline inspections.

North America pipeline pigging services sector is poised to grow at a steady pace on account of the recent shale revolution which has led to the significant rise in construction of new oil & gas transportation network.

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.