Asia-Pacific Intelligent Pigging Market Growth and Size, Rising Trends, Revenue, CAGR Status, Challenges, Future Opportunities and Forecast Analysis Till 2033: SPER Market Research
Asia-Pacific Intelligent Pigging Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 6.8%.
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The process of cleaning and testing pipelines using non-destructible methods like magnetic flux examination and ultrasonic testing is known as intelligent pigging. Thanks to technology breakthroughs, smart pigs are now a thing. Pigs were often used to sweep dirt and debris out of pipelines. These are used to locate stress corrosion cracking, longitudinal cracks, gouges, and dents in the pipeline.
According to SPER market research, ‘Asia-Pacific Intelligent Pigging Market Size- By Technology, By Application, By Pipeline Fluid Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Asia-Pacific Intelligent Pigging Market is predicted to reach USD xx billion by 2033 with a CAGR of 6.8%.
Drivers:
Ultrasonic pigs detect differences in pipe wall thickness using ultrasounds. The transducer used in ultrasonic pigs transmits signals to the pipe wall surface perpendicularly after receiving signals from the pipeline's exterior and interior surfaces. Furthermore, the echo produced by the signals can be used to determine the thickness of the pipeline wall. Ultrasonic pigs, in contrast to magnetic flux leakage technology, are able to precisely determine the depth of the pipe defect and evaluate metal losses in much thicker pipes.
Pigs are usually used for cleaning and maintenance tasks on pipelines. Pigs with intelligence are used in the inline pipeline inspection approach. Pigs used to only be used in big-diameter pipelines due to their very huge cross-sectional area.
Challenges:
A number of significant issues have impeded the adoption and growth of intelligent pigging in the Asia-Pacific area. Supply chain disruptions brought on by the COVID-19 epidemic are the primary barrier, as they have delayed the delivery of essential supplies and equipment required for intelligent pigging operations. The impact of these delays on project timelines and operational schedules has resulted in increased costs and complex logistics for stakeholders. In addition, the travel bans and lockdowns related to the pandemic have complicated the deployment of intelligent pigging services and caused delays in scheduled maintenance and inspections.
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The Asia-Pacific (APAC) intelligent pigging market has been significantly impacted by the COVID-19 epidemic, which has brought opportunities and difficulties for the industry. Disruptions in the supply chain raised serious concerns since they led to delays in the delivery of equipment and parts for smart pigging, which prolonged project schedules. Projects needing creative pigging services have to be canceled or postponed due to operational delays brought on by travel restrictions and lockdown procedures. The economic slump led to funding cuts for infrastructure projects and budget reductions, which affected demand across the board.
Additionally, some of the market key players are; Dtaic Inspection Equipment (Suzhou) Co Ltd., NDT Global Services Ltd., NDTS India (P) Limited, Panorama Oil & Gas Sdn Bhd, Penspen Limited, Romstar Sdn Bhd., Rosen Group, SGA SA, Others.
Asia-Pacific Intelligent Pigging Market Segmentation:
By Technology: Based on the Technology, Asia-Pacific Intelligent Pigging Market is segmented as; Magnetic Flux Leakage Pigs, Capiller Pigs, Ultrasonic Pigs.
By Application: Based on the Application, Asia-Pacific Intelligent Pigging Market is segmented as; Crack & Leakage Detection, Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection.
By Pipeline Fluid Type: Based on the Pipeline Fluid Type, Asia-Pacific Intelligent Pigging Market is segmented as; Oil, Gas.
By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.
Information, refer to below link: –
Asia Pacific Intelligent Pipeline Pigging Market Forecast
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