Global Pipeline Pigging Services Market Share to be Worth USD 14.92 Billion by 2032

Pipeline Pigging Services Market Size Worth $14.92 Billion By 2032 | CAGR: 5.20%


The global pipeline pigging services market size is expected to reach USD 14.92 billion by 2032, according to a new study by Polaris Market Research. The report “Pipeline Pigging Services Market Share, Size, Trends, Industry Analysis Report, By Service, By Application (Metal Loss/Corrosion Detection, Crack & Leakage Detection), By End Use (Oil, Gas), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing emphasis on government regulations aimed at enhancing the safety of pipelines and energy infrastructure. These regulations are vital for ensuring the secure transportation of oil and gas resources, thus driving the demand for advanced inspection and maintenance techniques. One of the crucial technologies that contribute to this growth is intelligent pigging. This specialized method allows for the thorough cleaning of pipelines and facilitates the inspection and collection of critical data without disrupting the flow of the product being transported. Intelligent pigs are devices equipped with advanced sensors and capabilities that enable them to navigate pipelines and perform these tasks effectively.

Magnetic Flux Leakage (MFL) employs powerful magnets and sensors to identify areas where metal loss or corrosion has occurred, providing valuable insights into the condition of the pipeline. Ultrasonic Testing Intelligent Pigging utilizes high-frequency sound waves to detect and analyze anomalies within the pipe wall, ensuring the early identification of potential weaknesses. Caliper Pigging, on the other hand, measures the inner diameter of the pipeline to assess its integrity, helping to identify deformities or obstructions.

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In most cases, corrosion represents the predominant issue impacting the oil and gas pipeline system. To address this concern, in-line inspection intelligent pigs, such as corrosion detection pigs, are employed. These specialized pigs are tasked with identifying and assessing instances of metal loss resulting from corrosion and cracking.

The pipeline pigging services market is experiencing growth due to the expansion of gas distribution networks, which is propelled by increased production from offshore gas fields. Technological advancements in the industry have made it feasible to extract gas from these offshore reserves efficiently. Simultaneously, there are ongoing initiatives aimed at enhancing the often inadequate gas transmission and distribution infrastructure. These efforts have a dual purpose: facilitating cross-border trade of gas resources and meeting domestic demand. As a result, construction activities related to gas distribution infrastructure are on the rise.

Pipeline Pigging Services Market Report Highlights

  • The intelligent pigging segment held the largest share, as they provide real-time information regarding any crack, deformity, or likelihood of any event leading to leakage.
  • The gas segment led the market, as in gas distribution, pigging services play an important role in the maintenance of pipelines.
  • Asia Pacific will grow at a robust pace, as many pipeline infrastructure projects are going on in various countries of the Asia Pacific region.
  • The key market players include Applus, Baker Hughes, Dacon Inspection Services, Enduro Pipeline Services, Intertek Group, Lin Scan, and NDT Global.

Polaris Market Research has segmented the pipeline pigging services market report based on service, application, end-user, and region:

Pipeline Pigging Services, Service Outlook (Revenue - USD Billion, 2023 - 2032)

  • Pigging
  • Intelligent Pigging

Pipeline Pigging Services, Application Outlook (Revenue - USD Billion, 2023 - 2032)

  • Metal Loss / Corrosion Detection
  • Crack & Leakage Detection
  • Geometry Measurement & Bend Detection

Pipeline Pigging Services, End-Use Outlook (Revenue - USD Billion, 2023 - 2032)

  • Oil
  • Gas

Pipeline Pigging Services, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Pipeline Pigging Services Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 9.93 billion

Revenue Forecast in 2032

USD 14.92 billion

CAGR

5.20% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Service, By Application, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, regions, and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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