Lucintel Forecasts Pipeline Pigging Service Market To Grow At A Cagr Of 5%-7%

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According to the recent study the pipeline pigging service market is projected to grow at a CAGR of 5%-7% from 2020 to 2025. Growth in this market is primarily driven by growing concern regarding pipeline safety and energy infrastructure along with increasing government mandates and regulations for safe & secure transportation of oil and gas.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in pipeline pigging service market by service (pigging and intelligent pigging), application (metal loss / corrosion detection, crack & leakage detection, and geometry measurement & bend detection), end use (oil and gas), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Gas market is expected to remain the largest segment during the forecast period.”
Based on end use, the pipeline pigging service market is segmented into oil and gas. Lucintel forecasts that ...
... the gas market is expected to remain the largest segment during the forecast period as there are increasing government mandates and regulations for safe and secure transportation of gas.
“Within the pipeline pigging market, the intelligent pigging segment is expected to remain the largest service.”
Based on service, the intelligent pigging segment is expected to witness the largest segment over the forecast period due to the provision of non-destructive examination techniques, such as magnetic flux leakage testing, to inspect for metal loss, hydrogen induced cracking, pitting, and weld anomalies.
“Asia Pacific will dominate the pipeline pigging service market in near future.”
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to the presence of most oil and gas fields in remote areas, thus resulting in higher deployment of oil & gas distribution network.
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Major players of pipeline pigging service market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. T.D. Williamson, Baker Hughes, Rosen Group, NDT Global, Enduro Pipeline Services, Intertek, Applus, Lin Scan, Dacon Inspection Services, and Onstream Pipeline Inspection are among the major pipeline pigging service providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pipeline-pigging-service-market.aspx or helpdesk@lucintel.com
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Lucintel
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