The global pipeline pigging service market is projected to grow at a CAGR of 5%-7% during 2020-2025. The growth of pipeline pigging service market is driven by growing concern regarding pipeline safety and energy infrastructure along with increasing government mandates and regulations for safe & secure transportation of oil and gas.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the pipeline pigging service market
by service (pigging and intelligent pigging), application (metal loss /
corrosion detection, crack & leakage detection, and geometry measurement
& bend detection), end use (oil and gas), and region (North America,
Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the pipeline pigging service market?
Q.4 What are some
changing demands of customers in the pipeline pigging service market?
Q.5 What are the new
developments in the pipeline pigging service market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this pipeline pigging service area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this pipeline pigging service market?
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Market Segmentation:
Based on end use, the pipeline
pigging service market is segmented into oil and gas. The gas segment accounted
for the largest share of the market in 2020 as there are increasing government
mandates and regulations for safe and secure transportation of gas.
Asia Pacific is expected
to be the largest region and it is also expected to witness the highest growth
over the forecast period due to the presence of most oil and gas fields in
remote areas, thus resulting in higher deployment of oil & gas distribution
network.
Key Players in the pipeline
pigging service market are T.D. Williamson, Baker Hughes, Rosen Group, NDT
Global, Enduro Pipeline Services, Intertek, Applus, Lin Scan, Dacon Inspection
Services, and Onstream Pipeline Inspection.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/pipeline-pigging-service-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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