Pipeline Pigging System Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Pipeline pigging system is the mechanism of using machine known as "pigs" to handle tasks and various operations such as cleaning and maintenance of pipelines, and detail designing that allows to run smoothly across the pipeline. Loading devices, shipping, and blending require pigging. Different types of pipeline pigging systems are available in the market, for instance, Pipeline Intervention Gadget (P.I.G), intelligent pigs, go-devils, cleansing pigs, poly-pigs, swabs, and pipe cleaners. Pipeline pigging systems are majorly applicable for extracting chemical contaminants, scale, rust, sand, bacterial formations, wax, and the other contaminates in crude oil pipelines. They aid in removing water, rust & scale, and building debris in new gas transmission pipelines. Such devices are further used in water pipes to remove calcium carbonate, scale, sand, mud, bacteria, manganese rock, biofilms, and other residuals.

Market scope and structure analysis

Key drivers of global pipeline pigging system market

Natural gas is gradually replacing coal and nuclear power by concerted efforts to decarbonize and maximize energy supply in various regions around the globe. The discovery of sources of fresh natural gas such as shale gas reservoirs and the consequent cost burden are rising world trade in natural gas. As a result of these advances, demand for gas pipelines has risen. Rise in global demand for oil & gas energy is projected to further boost the market for pipeline pigging systems in the coming few years. Owing to the proposed development of gas pipelines globally, the segment oil & gas is projected to garner the largest market share on the pipeline pigging network industry.

Market scenario: opportunities and challenges

Offshore deep-sea beds offer prospects to meet the anticipated future oil demand where oil & gas explorers are already searching for new reserves. Pipeline pigging network helps to maintain asset consistency, thereby increasing the popularity of pigging services in operational and maintenance process. In addition, unconventional reserve manufacturing is undergoing extensive changes, which offer enormous possibilities for pipeline pigging system industry. The removal of oil & gas from overseas natural resources leads to the formation of high quantities of contaminants such as carbon dioxide, water, and bitumen, which portray a threat to the integrity of the established pipeline network. As a result, standards for pigging of pipelines operation has increased. However, rise in concern about pipeline security and energy resources along with implementation of government regulations for safe and efficient oil & gas transportation is anticipated to augment the business growth. Increase in application in various end-use industries, including oil & gas, lube oil, and chemical is projected to further drive the growth of pipeline pigging systems market.

COVID-19 scenario analysis

The global pipeline pigging system market is expected to witness decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output of anything from oil & gas industry to chemical industry. The pipeline pigging system industry is anticipated to experience a direct impact for the next one or two years, if the growth of oil & gas industry decline, as it is one of the key consumers of pipeline pigging system. In addition, existing players are dealing with missing sales and fractured supply chains as production activities shutdowns. 

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global pipeline pigging system industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pipeline pigging system market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global pipeline pigging system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global pipeline pigging system market research report:

• Which are the leading market players active in the global pipeline pigging system market?
• Which are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Pipeline Pigging System Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights