US and Canada Intelligent Pipeline Pigging Market Size Will Reach $413 Million in 2023

Intelligent pipeline pigging is a technology that uses an intelligent cleaner to detect, clean, repair, and other operations inside the pipeline, to achieve pipeline maintenance and upkeep. It has the characteristics of high efficiency, safety, precision, and environmental protection. Intelligent pipeline cleaning technology can be applied to various types of pipelines such as oil, natural gas, tap water, and sewage, greatly improving the efficiency and service life of pipelines.
US And Canada’s Intelligent Pipeline Pigging Market Overview and Segmented Market Analysis 
Thanks to the development of the oil and gas industry and the increasing demand for maintenance and upgrading of old pipeline systems, the intelligent pipeline pigging market in the US and Canada has seen significant growth in recent years. Most oil and gas fields in the US and Canada are located in remote areas, requiring a large number of pipelines to transport oil and gas products, resulting in a high deployment volume of oil and gas distribution networks. To effectively transport petroleum products from production sites to storage sites, regular cleaning and maintenance of pipelines are required to ensure their efficiency and safety, thereby increasing the demand for pipeline cleaning services.
According to our research data, the market size of intelligent pipeline pigging in the US and Canada is expected to reach $413 million in 2023, among which the segmented market size of UT pipeline pigging technology is estimated to be $267 million, with an estimated market share of 64.65%. In terms of application, the midstream detection field is the largest application market, with an estimated market share of 54.72% in 2023.
In the coming years, the rapid development of shale gas and offshore deepwater exploration and production activities in the US will bring new opportunities to the intelligent pipeline pigging market. These emerging oil and gas production methods require higher technical requirements and stricter pipeline management, thus increasing the demand for intelligent pipeline cleaning services. It is expected that the market size of intelligent pipeline cleaning in the US and Canada will increase to $450 million by 2025.

US and Canada Intelligent Pipeline pigging Market Size Forecast and Market Segmentation Analysis  

US and Canada Intelligent Pipeline pigging Market Size Forecast and Market Segmentation Analysis

Source: www.globalmarketmonitor.com
Analysis of the Competitive Landscape of Intelligent Pipeline pigging  Markets in the US and Canada
From the perspective of market competition, the concentration of the intelligent pipeline pigging market in the US and Canada is relatively high. Data shows that in 2020, the top 3 companies in the industry achieved a total revenue of $131.39 million in the pipeline pigging market, with a total revenue share of 37.33%. The top three companies were TDW, PII (Baker Hughes), and Rosen. In 2020, these three companies accounted for 17.33%, 10.42%, and 9.58% of the global market revenue in the intelligent pipeline cleaning market, respectively.

Intelligent Pipeline pigging Market Revenue and Share of Main Enterprises in 2020

Enterprises

Market Revanue (Million USD)

Share

TDW

60.99

17.33%

PII (Baker Hughes)

36.68

10.42%

Rosen

33.72

9.58%

Top3

131.39

37.33%

Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "2023 Global Intelligent Pipeline Pigging Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".

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