Intelligent Pigging Market

Intelligent Pigging Market is Estimated to Witness High Growth Owing to Inspection and Monitoring Trend


The Intelligent Pigging Market is estimated to be valued at US$ 852.6 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Intelligent pigging refers to the use of in-line inspection tools known as smart pigs or intelligent pigs to inspect and monitor the condition of pipelines transporting oil, gas and other fluids without disrupting the flow. Intelligent pigs help detect corrosion, cracks, cracks and other damages and defects in pipelines. They offer benefits like preventive maintenance, avoiding costly failures and leakages. Their use is important in pipeline inspection and monitoring to ensure safety, integrity and reliability of pipeline infrastructure.

Market key trends:

One of the major trends driving the growth of intelligent pigging market is increasing need for inspection and monitoring of oil and gas pipelines. Oil and gas pipelines are exposed to various internal and external threats like corrosion, cracks due to ground movement or third party interference. Regular inspection and monitoring is important to prevent failures, accidents and leakages. Intelligent pigs help inspect pipelines internally without disrupting the product flow. They detect defects early and help take precautionary measures. This drives increasing spending on intelligent pigs by oil & gas companies for inline inspection of their transmission and distribution pipelines networks.

Porter’s Analysis

Threat of new entrants: The threat is low as it requires significant investments and technical expertise to enter this specialized market. Bargaining power of buyers: The bargaining power is moderate as intelligent pigging systems are essential for pipeline inspection and maintenance. Bargaining power of suppliers: Suppliers have moderate power due to differentiated technology and specialized skilled workforce required. Threat of new substitutes: No close substitutes are available currently. Competitive rivalry: High due to presence of several global players.

SWOT Analysis

Strengths: Non-intrusive inspection technique to identify defects. Real-time data collection and reporting.

Weaknesses: High implementation and operation costs. Require specialist technical crews for deployment and data analysis.

Opportunities: Growing pipeline network expansion globally. Increasing spend on pipeline inspection systems driven by safety compliance.

Threats: Stringent regulations around transportation of hazardous materials can affect operations. Delays and budget overruns during project execution.

Key Takeaways

Global Intelligent Pigging Market Size is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing pipeline miles and focus on safety of pipeline operations. North America dominated the market in 2023 with over 35% share due to large pipeline network and government safety mandates in the US and Canada.

Asia Pacific is expected to be the fastest growing region, registering a CAGR of around 7.5% during forecast period on back of rising energy demand and infrastructure development in major economies like China, India and Indonesia.

Key players operating in the intelligent pigging market are LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas, NDT Global, Enduro Pipeline Services, Inc., Petrobras, OMV Group, ConocoPhillips, and Royal Dutch Shell PLC.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it