Technavio
analysts forecast the global
pipeline pigging systems market to grow at a CAGR of
almost 4% during the forecast period, according to their latest report.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170316005208/en/
Technavio has published a new report on the global pipeline pigging systems market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global pipeline
pigging systems market for 2017-2021. Technavio
analysts have presented various facets of the market with a focus on
identifying the key industry influencers.
The demand for pipeline pigging systems will increase during the
forecast period, owing to rising demand for oil and gas pipeline
projects, especially for gas pipelines and offshore locations due to the
shift of oil and gas operations in more high pressure and deep water
zones, and shift of world energy demand toward gas-based resources. The
gradual depletion of land fossil fuel resources has encouraged
exploration and production activities in harsher and deep water zones.
More emphasis on clean energy has triggered the wider use of natural gas
resources.
Request a sample report: http://www.technavio.com/request-a-sample?report=57057
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Technavio energy
analysts highlight the following three factors that are contributing
to the growth of the global pipeline pigging systems market:
Increasing corrosion in oil and gas pipelines
With ongoing research into corrosion and technological progress in
corrosion inspection and monitoring tools, there seems to be no progress
in reduction of corrosion issues over the years. The oil and gas
industry is operating a large global pipeline network in which corrosion
poses a major problem.
Thanikachalam Chandrasekaran, a lead energy
storage research analyst at Technavio, says, “Proper
implementation of corrosion management strategy is of prime
essence for monitoring, inspection, and mitigation of corrosion. The
focus must be on practical management and resource identification to
implement effective corrosion management.”
Economic advantages of pipeline transportation
The overall economic benefits of any form of transportation cannot be
generically established, and these heavily depend on the project
contours. However, studies over the past half century of studies have
deduced and established the significant advantages of pipeline
transportation in many of the concerned parameters. As the use of
trucks and cars for the transportation of natural gas is highly
debatable over medium to long distances, the discussion is limited to LNG
and pipelines only.
“The transport of crude oil, natural gas, and condensate is more
economical through long inter-country and cross country pipelines as
compared to rail, road, or sea transportation. Thus, the transportation
of crude oil, natural gas, and condensates will grow through pipeline
mode, which should boost the global pipeline pigging systems market,”
adds Thanikachalam.
Stringent government regulations
Pigging systems are used for conveying combustible or
non-combustible materials, water, and gases through the system using
pressure in the propellant in compliance with the regulations. There are
many laws, guidelines, and regulations to design, install, and operate a
pigging system.
In India, the Petroleum and Natural Gas Regulatory Board through
a notification dated 2012 states that internal inspection tools with the
capability of corrosion detection and anomalies from gouges, grooves,
and dents should be detected by instrumented pigging or intelligent
pigging.
Top vendors:
-
3P Services
-
Baker Hughes
-
Dacon Inspection Services
-
PII Pipeline Solutions
-
LIN SCAN
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like oil
and gas, power,
and smart
grid. This subscription nets you thousands in savings, while
staying connected to Technavio’s constant transforming research library,
helping you make informed business decisions more efficiently.
About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170316005208/en/
Copyright Business Wire 2017
