Asia-Pacific Intelligent Pigging Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Intelligent Pigging Market is estimated to reach USD XX billion by 2033 with a CAGR 6.8%.
The report includes an in-depth analysis of the Asia-Pacific Intelligent Pigging Market, including market size and trends, product mix, distribution channels, and supplier analysis. Intelligent pigging is the process of inspecting and cleaning pipelines using non-destructible methods such as magnetic flux and ultrasonic testing. Since technology has advanced, intelligent pigs have become a thing. Originally, pigs were used to clear dirt and debris from pipes. These are employed in the pipeline to identify longitudinal cracks, gouges, dents, and stress corrosion cracking.
- August 2022: Among the pioneers of European in-line inspection technology, ROSEN Group, secured a five-year contract to supply Petronas in Malaysia with in-line inspection services for their pipelines. As part of the inspection, the contract might make use of ultrasonic and magnetic flux leaks (MFL).
- May 2022: Enbridge Inc. invested USD 6.6 million in SmartpipeTechnologies to create cutting-edge pipeline technology that can improve the adaptability and security of pipeline infrastructure.
Market Opportunities and Challenges
Opportunities: Ultrasonic pigs use ultrasounds to identify variations in pipe wall thickness. Ultrasonic pigs are outfitted with a transducer that receives signals from the interior and external surfaces of the pipeline and transfers signals to the pipe wall surface perpendicularly. Moreover, the thickness of the pipeline wall can be ascertained from the echo that the signals produce. Unlike magnetic flux leakage technology, ultrasonic pigs can assess metal losses in much thicker pipes and provide an exact measurement of the depth of the defect in the pipe. Pigs are typically employed in pipeline maintenance and cleaning operations. The inline pipeline inspection method makes use of intelligent pigs. In the past, pigs' cross-sectional area was rather enormous, and their usage was restricted to pipelines with large diameter.
Challenges: Pipeline intelligent pigs are utilised to assess the inline integrity of the pipeline by gathering data via ultrasonic technology, magnetic flux leakage, or caliper pigs. Though data may be obtained rapidly and with little effort thanks to the sensors on intelligent pigs that detect anomalies like corrosion, leaks, and metal loss, analyzing the data after miles of pipeline inspection is a laborious task. Software modules that shorten the time required to evaluate substantial amounts of gathered data have been produced by certain businesses. Nonetheless, data processing activities still take more time for shrewd pigging market participants than data collecting.
Market Competitive Landscape
The Intelligent Pigging market in Asia pacific is highly fragmented. Some of the market key players are Baker Hughes Company, Dacon Inspection Technologies, Dtaic Inspection Equipment (Suzhou) Co Ltd., NDT Global Services Ltd., NDTS India (P) Limited, Panorama Oil & Gas Sdn Bhd, Penspen Limited, Romstar Sdn Bhd., Rosen Group, SGA SA, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Application, By Pipeline Fluid Type
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| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific
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| Companies Covered | Baker Hughes Company, Dacon Inspection Technologies, Dtaic Inspection Equipment (Suzhou) Co Ltd., NDT Global Services Ltd., NDTS India (P) Limited, Panorama Oil & Gas Sdn Bhd, Penspen Limited, Romstar Sdn Bhd., Rosen Group, SGA SA, Others.
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COVID-19 Impact on Asia-Pacific Intelligent Pigging Market
The Asia-Pacific (APAC) intelligent pigging business has been greatly affected by the COVID-19 epidemic, which has created a number of opportunities and difficulties for the industry. Disruptions to the supply chain were a major worry since they delayed the delivery of clever pigging components and equipment, delaying project timeframes. Operations were also delayed as a result of travel restrictions and lockdown procedures, which forced the cancellation or postponement of projects that needed clever pigging services. The economic slump led to budget cuts and a decrease in funding for infrastructure projects, which had an impact on demand across the board.
Key Target Audience:
- Oil and Gas Operators
- Pipeline Owners and Operators
- Infrastructure Development Authorities
- Engineering and Construction Firms
- Technology Providers and Manufacturers
- Regulatory Bodies and Compliance Agencies
Our in-depth analysis of the Asia-Pacific Intelligent Pigging Market includes the following segments:
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By Technology:
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Magnetic Flux Leakage Pigs
Capiller Pigs
Ultrasonic Pigs
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By Application:
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Crack & Leakage Detection
Metal Loss/Corrosion Detection
Geometry Measurement & Bend Detection
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By Pipeline Fluid Type:
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Oil
Gas
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Key Topics Covered in the Report:
- Asia-Pacific Intelligent Pigging Market Size (FY’2024-FY’2033)
- Overview of Asia-Pacific Intelligent Pigging Market
- Segmentation of Asia-Pacific Intelligent Pigging Market By Technology (Magnetic Flux Leakage Pigs, Capiller Pigs, Ultrasonic Pigs)
- Segmentation of Asia-Pacific Intelligent Pigging Market By Application (Crack & Leakage Detection, Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection)
- Segmentation of Asia-Pacific Intelligent Pigging Market By Pipeline Fluid Type (Oil, Gas)
- Expansion Analysis of Asia-Pacific Intelligent Pigging Market
- Problems and Obstacles in Asia-Pacific Intelligent Pigging Market
- Competitive Landscape in the Asia-Pacific Intelligent Pigging Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Intelligent Pigging Market
- Details on Current Investment in Asia-Pacific Intelligent Pigging Market
- Competitive Analysis of Asia-Pacific Intelligent Pigging Market
- Prominent Players in the Asia-Pacific Intelligent Pigging Market
- SWOT Analysis of Asia-Pacific Intelligent Pigging Market
- Asia-Pacific Intelligent Pigging Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Intelligent Pigging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Intelligent Pigging Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Intelligent Pigging Market
7. Asia-Pacific Intelligent Pigging Market, By Technology (USD Million) 2020-2033
7.1. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Technology, 2020-2026
7.2. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Technology, 2027-2033
7.3. Magnetic Flux Leakage Pigs
7.4. Capiller Pigs
7.5. Ultrasonic Pigs
8. Asia-Pacific Intelligent Pigging Market, By Application (USD Million) 2020-2033
8.1. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Application, 2020-2026
8.2. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Application, 2027-2033
8.3. Crack & Leakage Detection
8.4. Metal Loss/Corrosion Detection
8.5. Geometry Measurement & Bend Detection
9. Asia-Pacific Intelligent Pigging Market, By Pipeline Fluid Type (USD Million) 2020-2033
9.1. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Pipeline Fluid Type, 2020-2026
9.2. Asia-Pacific Intelligent Pigging Market Size, Share and Forecast, By Pipeline Fluid Type, 2027-2033
9.3. Oil
9.4. Gas
10. Asia-Pacific Intelligent Pigging Market Forecast, 2020-2033 (USD Million)
10.1. Asia-Pacific Intelligent Pigging Market Size and Market Share
11. Asia-Pacific Intelligent Pigging Market, By Region, 2020-2033 (USD Million)
11.1. Asia-Pacific Intelligent Pigging Market Size and Market Share By Region (2020-2026)
11.2. Asia-Pacific Intelligent Pigging Market Size and Market Share By Region (2027-2033)
11.3. Australia
11.4. China
11.5. India
11.6. Japan
11.7. South Korea
11.8. Rest of Asia-Pacific
12. Company Profile
12.1. Baker Hughes Company
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Dacon Inspection Technologies
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Dtaic Inspection Equipment (Suzhou) Co Ltd.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. NDT Global Services Ltd.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. NDTS India (P) Limited
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Panorama Oil & Gas Sdn Bhd
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Penspen Limited
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Romstar Sdn Bhd.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Rosen Group
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. SGA SA
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
