Market Size of Asia-Pacific Intelligent Pigging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.52 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Intelligent Pigging Market Analysis
The Asia-Pacific intelligent pigging market is expected to register a CAGR of over 6.52% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently, the market has reached pre-pandemic levels.
- Over the short term, the Asia-Pacific intelligent pigging market is expected to register significant growth due to the increasing demand for pipeline pigging services in the region and the high growth of oil and gas production.
- On the other hand, intelligent pigging is not applicable to unpigged pipelines, which impedes the market growth.
- Nevertheless, the growing energy consumption in the region, distinctly in developing countries, is propelled by the advancing steps of urbanization.
- Due to the upcoming oil and gas pipeline projects, China is predicted to have the highest share in the market studied.
