Market Trends of Pipeline Pigging Services Industry
This section covers the major market trends shaping the Pipeline Pigging Services Market according to our research experts:
Intelligent Pigging Segment to Dominate the Market
- Intelligent pigging is used for inspecting the pipelines. It is widely used to gather important data, such as the presence and location of corrosion or other irregularities on the inner walls of the pipe.
- Since 2014, the government regulations dictate the pipeline operators must carry intelligent pigging once in 2.5 years, in turn, almost doubling the frequency of intelligent pigging in India, per km of pipeline, which helps in driving the market during the forecast period.
- There are mainly two types of intelligent pigging operations, magnetic flux leakage (MFL) pigging and ultrasonic pigging. Magnetic flux leakage pigs can be used in both liquid and gas pipelines and do not require any liquid coolant as in ultrasonic pigging. Magnetic flux leakage pigs can detect and measure metal loss or corrosion and cracks and weld defects even in thin-walled pipelines, while ultrasonic pigs fail to identify and measure thin-walled pipelines accurately.
- The intelligent pigging can carry out many measurements, including geometry measurement, metal-loss detection, leak detection, pipeline profiling and mapping, temperature and pressure recording, bend measurement and curvature monitoring, product sampling, photographic inspection, wax deposit measurement, and crack detection.
- Therefore, due to technological advancements, the demand for intelligent pigging is expected to witness a significant growth, which, in turn, drives the demand for the pipeline pigging services market.
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North America to Dominate the Market
- As the demand for energy produced in North America continues to grow, the exploration and production would continue to move further towards harsh environments. In particular, the recent discovery of certain new extraction techniques has opened multiple oil and gas shale regions in extremely remote areas.
- In the United States, approximately 70% of crude oil and petroleum products are shipped through pipelines. In 2018, the United States crude oil production was 10.9 mb/d, an increase by 1.6 mb/d from 2017. Furthermore, it is expected to reach 12.1 mb/d in 2019 and 12.9 mb/d in 2020. Most of the increased production is expected to be generated from Texas and New Mexico.
- More than 60% of electricity generating capacity installed in 2018 was fuelled by natural gas. Almost 90% (19.3 GW) of the natural gas-fired capacity in the United States added in 2018 were combined-cycle generators, the most efficient natural gas-fired generating technology. Pennsylvania accounted for almost 25% (4.4 GW) of all 2018 domestic natural gas additions, and three other states, namely Maryland, Virginia, and Florida, accounted for about 30%.
- Unlocking the hydrocarbon resources in low permeability shale formations, the United States becomes one of the leading producers of oil and gas across the world and is expected to remain the same during the forecast period.
- In Canada, approximately 97% of natural gas and petroleum products are shipped through pipelines.
- Therefore, with increasing pipeline network, the demand for pipeline pigging services market in the region is expected to grow substantially during the forecast period.
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