Future Market Insights’ latest market research study on intelligent pigging services covers a global industry analysis from 2014 to 2018 as well as an opportunity evaluation from 2019 to 2029. The research examines the intelligent pigging services industry and provides detailed forecasts for the years 2019-2029. Due to significant developments in inspection technologies, the global intelligent pigging services market is expected to see significant growth, according to the report’s analysis and study.
The market for intelligent pigging services was valued at US$ 537 million in 2018, and it is expected to grow at a CAGR of 6% from 2019 to 2029.
In places including North America, Eastern Europe, the Middle East, and Africa, the intelligent pigging services market has a lot of room to grow. Pipeline safety rules are strict in North America and Western Europe to safeguard the environment and reduce economic disruption, potentially increasing demand for intelligent pigging services.
The majority of regulatory bodies across the world place a premium on routine maintenance and inspection of oil and gas pipelines. This is because healthy economic growth requires consistent supply.