Pipeline Pigging Systems Market To Grow By USD 393.11 Million From 2022 To 2027 The Economic Benefits Of Pipeline Transportation To Boost Market Growth - Technavio


(MENAFN- PR Newswire) NEW YORK, Dec. 4, 2023 /PRNewswire/ -- AThe pipeline pigging systems market
is expected to grow by USD 393.11 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of
3.23%
during the forecast period. The economic benefits of pipeline transportation is notably driving the pipeline-pigging systems market. However,
factors such as complexities associated with small-diameter pipelines may impede market growth. The market is segmented by application (oil and gas), type (magnetic flux leakage (MFL), ultrasonic test (UT), utility pigging, and caliper pigging), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Continue Reading
Technavio has announced its latest market research report titled Global Pipeline Pigging Systems Market 2023-2027
Technavio has announced its latest market research report titled Global Pipeline Pigging Systems Market 2023-2027

Key Segment Analysis

The
oil segment
is estimated to witness significant growth during the forecast period.
Oil pipelines are filled with sediment, wax, scale, corrosive chemicals, and other debris which may impede the flow of oil or reduce its efficiency.
Cleaning pigs shall be used for the purpose of removing all these substances so as to ensure an optimum flow rate. In addition, to maintain the oil's quality and protect it from corrosion, pipelines contain water, gas condensate, or other liquids that need to be removed.
Hence, these factors are expected to drive segment growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View a PDF Sample Report .

Geographical Market Analysis

  • APAC
    is estimated to
    contribute
    45%
    to the growth of the global market during
    the forecast period.
    Greater demand for energy in developing countries such as China and India is a major reason for the region's growth. The region has experienced high oil demand due to rising consumption in countries such as China, India, Japan, South Korea, and Indonesia. Oil demand is increasing, and these countries and the rest of the world are being put under more pressure than ever to meet their own needs. Hence, these factors are expected to drive market growth in the region during the forecast period.

Company Insights

The pipeline-pigging systems market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
3P Services GmbH and Co KG, Baker Hughes Co., Dacon Inspection Technologies Co. Ltd., Diamond Edge Services, Eddyfi NDT Inc., Enduro Pipeline Services Inc., ERGIL, GeoCorr LLC, IKM Instrutek AS, International Pipeline Products Ltd., Italmatch Chemicals Spa, NDT Global GmbH and Co. KG, Oil States International Inc., Pigs Unlimited International LLC, Pigtek Ltd., PIPECARE Group AG, ROSEN Swiss AG, Russell NDE Systems Inc., STATS Group, T.D. Williamson Inc.

View a PDF Sample Report
to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The
oil and gas pipeline monitoring equipment market
size is estimated to
grow
at a
CAGR of 4.46%
between 2023 and 2027. The
market size is forecast to increase by
USD 1,045.47 million.

The
manifolds market
size is estimated to
grow
at a
CAGR of 3.52%
between 2022
and 2027. The
market size is forecast to increase by
USD 564.08 million.

Pipeline Pigging Systems Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.23%

Market growth 2023-2027

USD 393.11 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.56

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, Canada, China, Russia, and the UK

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,
Challenges, &
Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide
actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:

SOURCE Technavio

MENAFN04122023003732001241ID1107534625


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.