Intelligent Pigging Market Growth Accelerated by Increasing Oil Pipeline Network Infrastructure Projects
Intelligent pigging refers to the inspection of pipelines using pipeline inspection gauges known as 'Pigs'. Intelligent pigging provides valuable information on pipe wall thickness, anomalies and geometry. The growing need to monitor conditions of oil and gas pipelines drives the demand for intelligent pigging. With increasing oil pipeline network infrastructure projects across regions, the adoption of intelligent pigging is increasing to ensure safety and integrity of pipelines. The global Intelligent Pigging Market is estimated to be valued at US$ 1,408.3 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing oil pipeline network infrastructure projects is one of the key trends driving the growth of the intelligent pigging market. Many countries are investing heavily in new oil pipeline projects as well as expansion of existing pipeline ne...