The primary objective of the report is to offer updates and market opportunities in the global intelligent pigging services market.
Albany, NY -- (SBWIRE) -- 01/21/2016 -- Improving global economy, rising petroleum consumption and production, stringent government & industry regulations and advancements in inspection technologies are key drivers of the global intelligent pigging services market. The Latin America market is expected to register the highest CAGR during the forecast period. The Western Europe and the North America intelligent pigging services markets are expected to register moderate CAGRs over the forecast period. The North America intelligent pigging market is expected to experience price wars, due to high concentration of intelligent pigging service providers in the region. High costs associated with intelligent pigging and shrinking profit margins are some of the factors expected to inhibit growth of the global intelligent pigging services market over the forecast period.
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The report starts with an overview of intelligent pigging services. Intelligent pigging services have been used for inspecting and maintaining the oil and gas pipelines for decades. To understand and assess the opportunities in this market the report is categorically split under three sections namely: market analysis by technology, end-use industry and region.
FMI covers the intelligent pigging services market performance in terms of revenue split in Asia Pacific Excluding Japan, Middle East & Africa, Latin America, North America, Western Europe, Eastern Europe and Japan. This section also includes FMI's analysis of key trends, drivers and restraints from supply and demand perspectives. Impact analysis of key growth drivers and restraints based on weighted average model included in the report better equips client with crystal clear decision making insights.
Also, another key feature of this report is the analysis of intelligent pigging services market by region, technology and end-use industry and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the intelligent pigging services market.
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Furthermore, to understand key growth segments in terms of growth & adoption of intelligent pigging services, Future Market Insights developed market attractiveness index. The resulting index should help providers identify real market opportunities.
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