According to the research report titled ‘Global Intelligent Pigging Market by Technology (Magnetic Flux Leakage, Ultrasonic, Caliper), Application (Metal Loss/Corrosion Detection, Geometry Measurement & Bend Detection, Crack & Leak Detection), Pipeline Type (Gas, Liquid), Regional Forecasts 2021-2027’, available with Market Study Report, global intelligent pigging market size was valued at USD 0.62 billion in 2020 and is expected to record a CAGR of 4.69% over 2021-2027, subsequently reaching USD 0.86 billion by the end of the forecast period.
 

Benefits offered by such solutions and increasing government regulations for pipeline inspections are fueling global intelligent pigging market growth.
 

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For the unversed, intelligent pigging is a pipeline inspection process in which a smart pig, also known as an inspection probe, is pushed through the pipeline to collect crucial information such as the presence and location of corrosion or other flaws in the inner walls of the pipe. It aids in cleaning the pipeline by scraping its sides and removing dirt and debris. Intelligent pigs can also conduct advanced inspection operations as they move along the product flow via the pipe.
 

Pipeline inspection is an important aspect of asset integrity protection. Pipeline operators must keep track of internal and exterior corrosion, metal failure, and other anomalies to maintain safety and successfully reduce hazards, which further adds to worldwide intelligent pigging market expansion.
 

Carrying or transporting large amount of explosive or flammable materials over pipelines, such as natural gas or oil, requires utmost caution, as even a minor leak can have disastrous consequences. In fact, pipelines transmit over 70% of crude oil and refined goods in the U.S.
 

Speaking of negatives, unpiggable pipelines make intelligent pigging difficult which is likely to act as a major challenge for businesses in this domain.
 

Regionally, Latin America, North America, Asia Pacific, and Europe are the leading contributors to the overall market development. Of these, North America presently leads worldwide intelligent pigging industry share, attributable to exploration and development of energy produced, which is expected to continue to move deeper into harsh environments with surging demand for energy. Further, recent discovery of new extraction methods has paved the way for new oil and gas shale regions in remote areas.
 

Key players operating in global intelligent pigging market sphere are Corrosion Control Engineering, Halfwave AS, Intertek Group plc, Enduro Pipeline Services Inc., NDT Global, Rosen Group, CDRiA Pipeline Services Ltd., Quest Integrity Group, SGS S.A., and A.Hak Industrial Services B.V.