Future Market Insights has announced the addition of the "Intelligent Pigging Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
London, UK -- (SBWIRE) -- 05/28/2015 -- Crude oil is the leading source of primary energy generation across the globe with 33% share in 2013, followed by natural gas which accounted for about 24% share in the global primary energy mix during the same period. The increasing demand for energy across the globe is expected to result in increased crude oil and natural gas consumption. The global primary energy consumption reached at 12,730.4 MTOE (Million Tonnes of Oil Equivalent) in 2013 as compared to 9,943.8 MTOE in 2003, witnessing a compound annual growth rate of 2.5% over the period.
Upon profound examination of the entire oil and gas value chain, pipelines emerge as one of the key aspects and plays a crucial role in delivering products from well head to end user, thereby leading to a substantial growth in intelligent pigging market. Natural gas, for example, is transported through pipelines as well as in the form of LNG (Liquefied Natural Gas), wherein pipelines accounted for about 69% of the global natural gas trade movement in 2013, as compared to LNG trade which accounted for about 31% share, during the same period. A large chunk of revenue in intelligent pigging market comes from crude oil and petroleum product pipelines.
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In the intelligent pigging market, pigging process is used for operations such as cleaning, inspection, batching or displacement. Pipeline pigging has been in the industry for quite a long time as the usage of such a tool was recorded as early as 1959. A PIG (often abbreviated as Pipeline Inspection Gauge) is a tool that is traversed along the entire length of pipeline section to be pigged. Intelligent pigging market can be segmented on the basis of pig tools such as foam pig, unibody pig and steel mandrel pig, which are widely used in the industry for applications such as cleaning, inspection and other maintenance operations. However, technological advancements in intelligent pigging market have enabled the development of effective techniques for recording data inside the pipeline.
During intelligent pigging operation, the tool is propelled through pressure of the fluid flowing in the pipeline or by using nitrogen or compressed air. The intelligent pigging market can be segmented on the basis of propulsion of pig such as online and offline. Online intelligent pigging is a term often used when pig is propelled using the pressure of the fluid itself, while the usage of nitrogen or compressed air for pig propulsion is referred to as offline intelligent pigging. Increasing concerns over integrity and safety in pipeline maintenance is leading to growth in intelligent pigging market.
During an intelligent pigging run, the pigging tool records data regarding corrosions, structural deformation, weld defects, pipeline wall erosion, etc., which is collected after recovering pig from the pipeline, as no direct communication occurs during the run. Intelligent pigging market can be segmented on the basis of technologies utilized such as magnetic flux leakage (MFL), ultrasound, and others.
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Intelligent pigging market is witnessing its major uptake in regions such as the North America and Asia-Pacific since past few years. Though, North American intelligent pigging market is leading in terms of revenue, Asia-Pacific intelligent pigging market is also anticipated to witness a healthy growth rate in coming years. With increasing demand for energy across the globe, global intelligent pigging market is expected to grow at substantial rate in coming years. Furthermore, growing environmental concerns over pipeline safety in operations is also likely to drive the intelligent pigging market across the globe.
Intelligent pigging market is fragmented to great extent where domestic and regional oil and gas service providers play a crucial role.
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