ACCESS Newswire
14 Jul 2020, 16:35 GMT+10
Intelligent pigging service providers seek to leverage critical maintenance requirements for existing oil & gas pipelines to sustain revenues through the coronavirus pandemic.
DUBAI, UAE / ACCESSWIRE / July 14, 2020 / Future Market Insights: The intelligent pigging services market is expected to witness a substantial dip in demand through 2020, owing to concerns over the coronavirus contagion. Concerns over worker safety, and disruption in supply chains will hold back the market during this period. However, extensive existing pipeline infrastructure will create the need for intelligent pigging services during and after the conclusion of the pandemic.
'The complex nature of mandatory pipeline inspections and strict regulations are key factors supporting the demand for intelligent pigging services. Evaluation of data on corrosion, metal loss, and other physical issues are essential to maintain safety standards, aiding the growth of intelligent pigging service providers,' states the FMI analyst.
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Intelligent Pigging Services Market- Critical Takeaways
Intelligent Pigging Services Market- Drivers
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Intelligent Pigging Services Market- Restraints
Coronavirus Impact on Intelligent Pigging Services Market
The oil & gas industry are witnessing gradual relaxations in terms of pandemic lockdown restrictions, as governments look to restart their national economies. Consequently, new pipeline expansion projects will gradually start operations, which will generate demand for intelligent pigging services, towards the end of 2020, projecting a steady market recovery in the near future.
Competitive Landscape
Intelligent pigging service providers are focusing on tech and service improvements to keep ahead of the competition. For instance, LIN SCAN displayed its capabilities in cleaning and inspecting 3 critical crude oil lines in the United Arab Emirates, which were previously considered as unpiggable.
ConocoPhillips, T.D. Williamson Inc., Royal Dutch Shell plc, LIN SCAN, Petrobras, GE Oil & gas, OMV Group, Baker Hughes Inc., NDT Global, and Enduro Pipeline Services Inc. are some of the leading intelligent pigging service providers.
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About the Study
The study offers readers an assessment of the intelligent pigging services market. Global, regional and national-level analysis of the latest trends influencing the intelligent pigging services market is covered in this FMI report. The study provides insights according to technology (magnetic flux leakage, and ultrasonic test), and end use (oil & gas), in seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).
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About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the energy, mining, oil, & gas sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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SOURCE: Future Market Insights
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