August 28, 2020
According to the research report titled ‘Global Pipeline Pigging Services Market Size By Service, By Application, By End Use (Oil, Gas), Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global pipeline pigging services market is expected to register substantial growth during 2020-2026.
Rising adoption of pipeline pigging services across various industry verticals such as oil & gas and chemical sectors for efficient supply infrastructure and to improve flow efficiency is a major factor driving the market growth. For those uninitiated, pigging plays a vital role in pipeline maintenance since it ensures smooth operation of the systems.
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The pigging process basically involves the use of special projectiles that recover residual liquids instead of wasting them through industrial pipelines or tubing systems. Emphasis on maintaining purity, preparing for pre-commissioning, inspection testing, and addressing pipeline faults is boosting the demand for pipeline pigging services.
The pig is generally cylindrically or spherically shaped in order to support the movement, which further helps in effective cleaning. Pipeline pigging process is conducted without the interference of product flow in the tubing system. This process is widely adopted in mining & process slurry pipelines, gas transmission pipelines, process pipelines, crude oil pipelines, and water pipelines, thereby stimulating the industry outlook.
Based on the application spectrum, geometry measurement & bend detection segment is estimated to generate substantial revenues in the forthcoming duration. Rising adoption of spillage prevention solutions is fueling the segmental share.
Considering the geographical landscape, pipeline pigging services industry in Middle East & Africa is slated to record momentous growth throughout the forecast period. Rapid expansion of pipeline networks and increasing oil & gas production are favoring the market scenario in the region.
On the other hand, Latin America is expected to be a major revenue generator for the overall market by the year 2026, owing to focus towards improving flow efficiency in pipeline systems.
The major companies operating in global pipeline pigging services market are China National Petroleum Corporation, Halliburton Co., Inline Services LLC, ConocoPhillips, IKM Gruppen AS, Dacon Inspection Technologies Co. Ltd., CIRCOR International Inc., LIN SCAN Advanced Pipelines & Tanks Services, Onstream Pipeline Inspection Services Inc., Altus Intervention Limited, NDT Global GmbH & Co. KG, ROSEN Group, T.D. Williamson Inc., Applus+, Baker Hughes Company, and Royal Dutch Shell PLC among others.