With the integration of advanced and innovative technologies, it is likely that the costs of and related to intelligent pigging services will increase at a rapid scale in the coming years. Considering this situation, operators are taking immense efforts in entering into long-term partnerships with the OEMs as well as key players.
A recent report by the Future Market Insights forecasts a healthy 6.3% CAGR growth of market for intelligent pigging services during the projected period, 2015-2025. In addition, the market for intelligent pigging services is likely to reach an evaluation of nearly US$ 826.5Mn by 2025-end. Developing effective intelligent pigging services for the end-users is likely to be a dynamic trend, increasingly influencing growth of market for intelligent pigging services. Further, the report poses profitable insights for growth of the market for intelligent pigging services in the coming years.
Analysts who have been taking part in this report development have made sure that they deliver valuable information with regards to market expansion for intelligent pigging services through 2025. Furthermore, our analysts have also catered to the rising concerns of industry contributors and market observers.
What are manufacturers planning to do for the expansion of market for intelligent pigging services?
Manufacturers are planning to make heavy investments in Europe and North America as those regions offer lucrative opportunities with regards to business expansion and innovations in product portfolio. Manufacturers along with key players are taking immense efforts in investing in R&D activities, in order to enhance the efficiency of intelligent pigging services.
What is trending in the market for intelligent pigging services?
Many key players as well as manufacturers are planning to make availability of small intelligent pigs, in comparison to traditionally utilized pigs, which are equipped along with small size and sophisticated electronic systems.
What would you like to speak with regards to the regional landscape of market for intelligent pigging services?
With regards to regional landscape, North America is expected to lead global market in forthcoming years, followed by MEA and Europe. Apart from this, Latin America is likely to create lucrative opportunities for the global market growth.
According to you, what are the major factors that are contributing towards the growth of market for intelligent pigging services?
Based on the analysis, there is growing need for petroleum products as well as natural gas, which in turn is expected to drive demand for the intelligent pigging services in the forthcoming years. Apart from this, there is rising need for advanced as well as innovative inspection technologies, which in turn is driving the production sales of intelligent pigging services.
Can you mention some of the key players in market for intelligent pigging services?
Certainly I can. Some key players in market for intelligent pigging services profiled by the analysts have been inclusive of Royal Dutch Shell PLC, Enduro Pipeline Services, Inc., T.D. Williamson, Inc., ConocoPhillips, NDT Global, LIN SCAN and GE Oil and Gas (PII Pipeline Solutions).
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-390