Intelligent Pipeline Pigging Market to Increase at 5.3% CAGR to 2025, Forecasts The Insight Partners in Its Report Available at MarketPublishers.com10 Aug 2017 • by Natalie Aster
LONDON – During the past several years, the implementation of pipeline systems has increased tremendously in advanced countries and in countries with vast reserves of crude oil. As pipelines are viewed as the ‘veins’ of the global economy, the integrity of these systems is an extremely important aspect to consider.
Nowadays, hundreds of thousands kilometers of pipelines are already laid down from pole to pole for different purposes. The US takes lead in laying of the pipeline systems, closely followed by Canada and Russia.
Specially designed intelligent pigs help to prevent damages to pipes beforehand, thus, avoid unnecessary and unwanted delays or shut-downs in operations. Intelligent pigs are applied to inspect internal conditions of a pipeline whilst traversing along length of a pipeline without obstructing the operations.
From 2017 till 2025, the world’s market for intelligent pipeline pigging is poised to increase at a 5.3% CAGR. The value of this market will likely climb to USD 781.3 million by the year 2025.
The cutting-edge research report “Intelligent Pipeline Pigging Market to 2025 - Global Analysis and Forecasts by Application, Technology and End-user” drawn up by The Insight Partners gives access to an in-depth analysis of the world’s market for intelligent pipeline pigging. It contains a profound market segmentation analysis, presents a detailed market assessment on the basis of technologies, applications, end-users and regions. Besides, the report features the current market scenario across the key geographical markets, uncovers valuable market data and reviews the key forces influencing the market growth. Moreover, this topical study discusses the prevailing trends and emerging opportunities, identifies the main challenges, describes the competitive landscape, discloses info on the leading players and also touches upon the recent industry developments and the hottest issues. Additionally, future projections of the intelligent pipeline pigging market development through 2025.
A full list of the publisher’s research studies is at hand in The Insight Partners catalogue at MarketPublishers.com.