PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504952
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504952
The Europe Pipeline Pigging market size is expected to reach USD 3,826.95 Million by 2032, according to a new study by Polaris Market Research. The report "Europe Pipeline Pigging Market Share, Size, Trends, Industry Analysis Report, By Services (Pigging, Intelligent Pigging); By Application; By End-Use; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for pipeline pigging in Europe has experienced significant growth in recent years. This growth can be primarily attributed to strong industrial sector with companies operating in sectors such as oil and gas, chemicals, pharmaceuticals, and food processing. Many of these industries rely on pipelines for the transportation of raw materials, intermediates, and finished products. Pipeline pigging services are used for cleaning, inspection, and maintenance of these pipelines to ensure product quality, safety, and regulatory compliance. These pipelines play a crucial role in supplying energy to industries, residential areas, and transportation networks. Pipeline pigging services are essential for maintaining the integrity and efficiency of these pipelines, ensuring reliable energy supply, and minimizing the risk of accidents or leaks.
For instance, in January 2024, INOXPA unveiled its latest milestone with the inauguration of a new plant in France housing engineering center, INOXPA Solutions France (ISF). Strategically located in Chambly, Hauts-de-France, in close proximity to Charles de Gaulle and Beauvais airports, this facility signifies a significant step forward for INOXPA's pigging solutions in the country. This innovative pigging system from Inoxpa not only streamlines production processes but also sets a new standard for efficiency and hygiene in pipeline management, further propelling the pipeline-pigging market in France.
Advancements in pigging technology have made pipeline inspection and maintenance more effective and cost-efficient. Companies offering innovative pigging systems with advanced features such as intelligent pigging tools, remote monitoring capabilities, and predictive analytics can meet the evolving needs of the German market for more sophisticated and reliable pipeline management solutions. For instance, Aager, based in Munich, Germany, is an oil & gas, energy, water, mining, and marine industry-focused company that provides various kinds of process, emission, and pollution control products for storage tank terminals, chemical, refineries, pipelines, and industrial plants, water treatment facilities, electricity, and alternative energy. By providing innovative and reliable pipeline-pigging systems that meet the demands of the German market, companies can capitalize on the growing demand for pipeline maintenance and inspection services and contribute to the overall growth and development of the pipeline industry in Germany.
The intelligent pigging services is expected to grow at the fastest CAGR owing to the increasing demand for energy transportation infrastructure and stringent regulations mandating pipeline integrity management.
The dominance of metal loss/corrosion detection segment is owing to stringent regulations and maintenance of pipelines to ensure compliance and mitigate the risk of accidents or environmental incidents.
The United Kingdom is currently at the forefront of the Pipeline Pigging market in Europe, owing to major oil and gas companies in the region are increasingly investing in these services to ensure pipeline safety and efficiency, leading to a rise in the number of service providers.
The key market players include Baker Hughes Company, Pigtek Ltd, Dexon Technology PLC, Applus+, LIN SCAN, ROSEN Group, MISTRAS Group, T.D. Williamson, Inc., etc.
Polaris Market Research has segmented the Europe Pipeline Pigging market report based on source, application, end-use and country: