Market Size of Intelligent Pigging Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.07 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Intelligent Pigging Market Analysis
The Intelligent Pigging Market size is expected to grow from USD 294.27 million in 2023 to USD 395.10 million by 2028, registering a CAGR of 6.07% during the forecast period (2023-2028).
- Over the medium term, the upcoming pipeline projects and increasing awareness of pipeline safety are expected to drive the market during the forecasted period.
- On the other hand, the high upfront cost is expected to hinder the market's growth during the forecasted period.
- Nevertheless, the increasing exploration and production activities for unconventional energy sources such as gas hydrates and shale are expected to create huge opportunities for the intelligent pigging market.
- North America is expected to be a dominant region for the intelligent pigging market due to the large pipeline infrastructure in the region.
