According to the research report titled ‘Global Intelligent Pigging Technology's Market Size study, by Technology (Magnetic Flux Leakage, Ultrasonic Test), by End-Use (Oil, Gas) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global intelligent pigging technology market is predicted to register considerable growth during 2021-2027.
 

The widespread usage of natural gas and petroleum products coupled with technological advancements are major factors driving the growth of global intelligent pigging technology market. Moreover, increased investment in “small pigs” technology for conventional use has also resulted increased product penetration.
 

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For those unaware, intelligent pigging is a method of inspecting pipelines that use digital technology to determine their condition. It is widely used to collect critical data, such as the presence and location of corrosion or other irregularities on the pipe's inner walls.
 

Despite the several growth trends, strict government rules regarding the product’s usage is likely to limit the market growth over the forecast period.
 

Moving on to the segmental analysis, global intelligent pigging technology industry is fragmented based on technology and the end-user landscape. By technology, the market is classified into an ultrasonic test and magnetic flux leakage.
 

The end-user analysis of this business domain involves gas and oil segments.
 

Highlighting the regional landscape, the industry is classified into Europe (Germany, Italy, France, the U.K.), North America (the U.S., Canada), Latin America (Brazil, Mexico), Asia-Pacific (India, Japan, China, Australia), and the rest of the world.
 

North America market is expected to witness substantial growth during the projection period, primarily due to rapid product launches and recognitions as well as strategic alliances, collaborations, mergers, and acquisitions.
 

The intelligent pigging market in Asia-Pacific, on the other hand, will also generate lucrative returns in the upcoming years, because of technological breakthroughs across the region.
 

The major companies operating in global intelligent pigging technology industry are Royal Dutch Shell plc, Petróleo Brasileiro S.A., OMV Group, NDT Global Inc., Enduro Pipeline Services Inc., Baker Hughes Inc., PII Pipeline Solutions, LIN SCAN, T. D. Williamson Inc., and ConocoPhillips Co.