Market Size of Europe Intelligent Pigging Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Intelligent Pigging Market Analysis
The Europe intelligent pigging market is expected to register a CAGR of greater than 3% during the forecast period.
- The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Over the short term, the Europe 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 market growth. Nevertheless, the growing energy consumption in the region, distinctly in developing countries, is propelled by the advancing steps of urbanization.
- Russia is expected to witness the fastest growth in the Europe Intelligent Pigging Market during the forecast period as it focuses on the development and construction of new pipelines.
