Pigging Valves Global Market Report 2024

Description

“Pigging Valves Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on pigging valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for pigging valves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pigging valves market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Bypass Pigging Valves; Shutoff Pigging Valves
2) By Technology: Ultrasonic piping; Magnetic flux piping; Caliper
3) By End User: Oil and Gas Industry; Pharmaceutical; Chemical Industry; Refining and Petrochemical Industries.; Water, Sewage and Effluent; Food-Processing Industries; Other End-Users
Companies Mentioned: Jag Valves; Hartmann Valves GmbH; Frontier Valve International Ltd.; Tiger Valve Company; Argus Machine Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Pigging valves are valves designed for the closure and release of pipeline inspection tools to facilitate the cleaning and maintenance of pipelines. These valves play a crucial role in launching and retrieving interventions in pipelines.

There are two main types of pigging valves such as bypass pigging valves and shutoff pigging valves. Bypass pigging valves are utilized to enable smooth operations during pig launching and receiving, ensuring a safe and convenient process. In their default position, the ball and seat isolate the valve pig chamber from the flow line. This configuration permits a reduction in flow capacity without completely shutting off the flow line during injection or receiving operations. Technologies such as ultrasonic piping, magnetic flux piping, and caliper are employed in these valves. The end-use industries encompass the oil and gas sector, pharmaceuticals, chemical industry, refining, petrochemical industries, water, sewage and effluent, food-processing industries, among others.

The pigging valves market research report is one of a series of new reports from The Business Research Company that provides pigging valves market statistics, including pigging valves industry global market size, regional shares, competitors with a pigging valves market share, detailed pigging valves market segments, market trends and opportunities, and any further data you may need to thrive in the pigging valves industry. These pigging valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pigging valves market size has grown strongly in recent years. It will grow from $4. 52 billion in 2023 to $4. 95 billion in 2024 at a compound annual growth rate (CAGR) of 9. 5%. The expansion observed in the historical period can be ascribed to the growth of the industry, adherence to regulatory standards, and advancements in infrastructure development.

The pigging valves market size is expected to see strong growth in the next few years. It will grow to $7. 08 billion in 2028 at a compound annual growth rate (CAGR) of 9. 4%. The anticipated growth in the forecast period is linked to emerging markets, a heightened emphasis on energy efficiency, and increased investments in research and development. Key trends expected during this period encompass digitalization and IoT integration, automation and robotics, remote operation and monitoring, customization, modular design, as well as collaborations and partnerships, contributing to global market expansion.

The anticipated growth in the pigging valve market is attributed to the increasing activities in oil and gas exploration. These activities involve extracting oil and gas from the ground, leading to the construction of additional pipelines for the transportation of these resources. Pigging valves play a crucial role in connecting these pipes in preparation for the integration of the pipelines. For example, in October 2021, the Union Ministry of Petroleum and Natural Gas approved $3. 8 billion for enhancing refining capacity, and in the same year, Bharat Petroleum invested $13. 66 billion in upstream oil and gas exploration and production. This surge in oil and gas exploration activities is a driving force for the pigging valves market.

The growth of the pigging valve market is further expected to be fueled by the increasing import and export activities of fluids through pipelines, including chemicals, crude oil, and refined petroleum products. These pipeline activities involve the movement of various commodities and energy resources across national and international borders, facilitated by pipelines as critical infrastructure. For instance, in September 2023, the Ministry of Petroleum and Natural Gas in India reported an 8. 2% year-on-year growth in the import and export of petroleum products. The rising demand for fluid transportation through pipelines contributes to the growth of the pigging valves market.

A prominent trend in the pigging valve market is the introduction of new product innovations by major companies in the sector. Companies are focused on developing and launching new products to meet the evolving demands of consumers. For example, in November 2021, Hartmann, a Germany-based provider of pigging valves and wellheads, introduced a new pigging ball valve featuring various safety barriers to the sluice chamber. This innovation enhances safety and ease of pig launching and receiving, even in the presence of residual pressure in the main line, automatically locking to prevent spills in case of a leak.

Major companies in the pigging valve market are strategically engaging in partnerships and collaborations, particularly with start-ups and mid-sized companies, to expand their product and service offerings. These strategic collaborations and acquisition agreements enable companies to broaden their existing product portfolios and extend their geographical reach. For instance, in April 2022, ITT Inc., a US-based manufacturing company, acquired Habonim Industrial Valves & Actuators Ltd. for $140 million. This acquisition aims to expand ITT Inc. 's specialty valve portfolio, including cryogenic and hydrogen ball valve offerings for green energy applications.

In July 2021, MOGAS Industries, a US-based oil and gas services company, acquired Watson Valve, broadening MOGAS's presence in the valves and valve repair sector. Watson Valve is a Houston-based manufacturer of severe service valves.

Major companies operating in the in the pigging valves market report are Jag Valves, Hartmann Valves GmbH, Frontier Valve International Ltd., Tiger Valve Company, Argus Machine Co. Ltd., Master Flo Valve Inc., SAMSON Controls Inc., Pipetech Corporation Ltd., Sofis valve operation, Phoenix Specialty Inc., Camtech Manufacturing FZCO, RMA Rheinau GmbH & Co. KG, Tulsa Valve Inc., Energas Technologies (Pty) Ltd., Smith Flow Control Ltd., Pigging Solutions LLC, Circor International Inc., Swagelok Company, Valvitalia spa, Oliver Valves pvt. Ltd., Apollo Valves, Colson X-Cel Ltd., The Lee Company, HOKE, Hy-Lok Corporation, Dwyer Instruments LLC, Crane Co., Rotork plc, NIBCO Inc., The weir Group PLC

Middle East was the largest region in the pigging valves market in 2023. The regions covered in the pigging valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the pigging valves market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The pigging valve market consists of sales of sanitary ball valves, three-way diverter valves, non-sanitary ball valves, t-port valves and retractable auto pig stops. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10517

1. Executive Summary

2. Pigging Valves Market Characteristics

3. Pigging Valves Market Trends And Strategies

4. Pigging Valves Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Pigging Valves Market Size and Growth

5.1. Global Pigging Valves Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Pigging Valves Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Pigging Valves Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Pigging Valves Market Segmentation

6.1. Global Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bypass Pigging Valves
Shutoff Pigging Valves
6.2. Global Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Ultrasonic piping
Magnetic flux piping
Caliper
6.3. Global Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil and Gas Industry
Pharmaceutical
Chemical Industry
Refining and Petrochemical Industries.
Water, Sewage and Effluent
Food-Processing Industries
Other End-Users

7. Pigging Valves Market Regional And Country Analysis

7.1. Global Pigging Valves Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Pigging Valves Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Pigging Valves Market

8.1. Asia-Pacific Pigging Valves Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Pigging Valves Market

9.1. China Pigging Valves Market Overview
9.2. China Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Pigging Valves Market

10.1. India Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Pigging Valves Market

11.1. Japan Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Pigging Valves Market

12.1. Australia Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Pigging Valves Market

13.1. Indonesia Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Pigging Valves Market

14.1. South Korea Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Pigging Valves Market

15.1. Western Europe Pigging Valves Market Overview
15.2. Western Europe Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Pigging Valves Market

16.1. UK Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Pigging Valves Market

17.1. Germany Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Pigging Valves Market

18. 5. France Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Pigging Valves Market

19. 9. Italy Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Pigging Valves Market

20.13. Spain Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Pigging Valves Market

21.1. Eastern Europe Pigging Valves Market Overview
21.2. Eastern Europe Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Pigging Valves Market

22.1. Russia Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Pigging Valves Market

23.1. North America Pigging Valves Market Overview
23.2. North America Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Pigging Valves Market

24.1. USA Pigging Valves Market Overview
24.2. USA Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Pigging Valves Market

25.1. Canada Pigging Valves Market Overview
25.2. Canada Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Pigging Valves Market

26.1. South America Pigging Valves Market Overview
26.2. South America Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Pigging Valves Market

27.1. Brazil Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Pigging Valves Market

28.1. Middle East Pigging Valves Market Overview
28.2. Middle East Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Pigging Valves Market

29.1. Africa Pigging Valves Market Overview
29.2. Africa Pigging Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Pigging Valves Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Pigging Valves Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Pigging Valves Market Competitive Landscape And Company Profiles

30.1. Pigging Valves Market Competitive Landscape
30.2. Pigging Valves Market Company Profiles
- 30.2.1. Jag Valves
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Hartmann Valves GmbH
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Frontier Valve International Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Tiger Valve Company
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Argus Machine Co. Ltd.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Pigging Valves Market Competitive Benchmarking

32. Global Pigging Valves Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Pigging Valves Market

34. Pigging Valves Market Future Outlook and Potential Analysis

34.1 Pigging Valves Market In 2028 - Countries Offering Most New Opportunities
34.2 Pigging Valves Market In 2028 - Segments Offering Most New Opportunities
34. 3 Pigging Valves Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer