The ‘Intelligent Pigging Market - Forecasts from 2018 to 2023’ report has been added to ResearchAndMarkets.com's offering.
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The intelligent pigging market is projected to grow at a CAGR of 4.23% over the forecast period of 2017 - 2023.
The demand for intelligent pigging solutions is growing on account of growing global ties leading to the delivery of oil and gas among others from one country to another through pipelines.
For instance, the construction of a US$8 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was started in February 2018 and is estimated to be operational by the end of 2019. Such pipelines have been laid out globally and require continuous inspection in order to ensure effective and smooth transportation.
Moreover, the number of refineries has been steadily increasing with the oil exploration activities picking up pace globally. This is further anticipated to push the growth of the market as the refineries undergo frequent pipeline inspection in order to ensure effective functioning.
The urbanisation is also increasing which is leading to growing construction of fuel stations and laying of sewage pipelines globally. This is also anticipated to further push the growth of the market during the course of the forecast period.
Major industry players profiled as part of the report are Romstar Group, TD Williamson, Intertek Group PLC, SGS S.A., Rosen Group, General Electric, Quest Integrity and NDT Global Corporate Limited.
The report can be accessed here.
Read the article online at: https://www.worldpipelines.com/business-news/06112018/global-intelligent-pigging-market-forecasts-to-2023/