Intelligent pipeline pigging market forecast to 2025

Pigs are devices that are inserted into pipeline and travel throughout to record the blockage, in affected parts of the pipeline.

There are mainly two types of pigs: utility pigs, which are used to clean and separate batch and inline inspection (ILI); and ILI tools, which are also known as intelligent pigs and are used to collect information, such as condition of the pipeline and intensity of the problem and location.

The report aims to provide an overview of the global intelligent pipeline pigging market, along with detailed segmentation of market by application, technology, end-user, and five major geographical regions. Ease of inspection techniques and growing pipeline infrastructures are expected to upsurge the market for intelligent/smart pipeline pigging.

Global intelligent pipeline pigging market is segmented based on applications as: metal loss/corrosion detection, geometry and bend detection, crack and leak detection, and others. Technologically, the market is segmented into ultrasonic pigging and magnetic flux pigging. On the basis of end-user, intelligent pipeline pigging market can be further divided into chemical, oil, gas, and others.

The global intelligent pipeline pigging market is estimated to grow at a CAGR of 5.3% during the forecast period 2017 - 2025 and accounts for US$781.3 million by the year 2025. There has been tremendous rise in the implementations of pipeline systems in advanced countries as well as in countries with huge reserves of crude oil for transportation of natural gas, crude oil and petroleum products. Pipelines are considered as the veins of world's economy, and thus the integrity of these systems is an extremely critical aspect to consider, in order to secure systems availability as well as operational safety. Specially designed intelligent pigs help in the prevention of damages to pipes beforehand, and thus prevent unnecessary and unwanted delays or shut-downs in operations.

Today, hundreds of thousands kilometres of pipelines have been laid down in countries across the globe for various purposes. US leads the market in laying of the pipeline systems, while other advanced countries like Canada, and Russia follow it closely. Other leading pipeline implementing countries include Middle East countries that have huge oil reserves, as well as the developing countries in Asia. Serving the purposes of efficient delivery systems for products such as natural gas, crude oil and petroleum products, these countries are exposed to numerous environmental risks, which can be hazardous to the environment.

Read the full report here.

Read the article online at: https://www.worldpipelines.com/business-news/20072017/intelligent-pipeline-pigging-market-forecast-to-2025/