Pipeline Pigging Systems Market Segmentation by Application and Geography during 2020-2024 | Technavio

NEW YORK, June 15, 2021 /PRNewswire/ -- The pipeline pigging systems market is expected to reach USD 4.20 billion during 2020-2024, accelerating at a CAGR of about 1%. The market report offers an in-depth analysis regarding the latest trends and drivers, current market scenario, and the overall market environment.

Technavio has announced its latest market research report titled Pipeline Pigging Systems Market by Application and Geography - Forecast and Analysis 2020-2024

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Pipeline Pigging Systems Market Segmentation: Application

Natural gas is recorded as the largest application segment in 2019, as it is the natural source of energy across the world. Factors such as the increasing natural gas production worldwide and the increased support from governments contribute to the growth of the pipeline pigging systems market. The market growth will be significant over the forecast period.

Pipeline Pigging Systems Market Segmentation: Geography

Based on the segmentation by geography, North America held the largest market share of 71% of market growth in 2019, and the region will offer several growth opportunities to market vendors. The market is influenced by factors such as the booming rise in shale oil and gas production which will drive the growth of the market. The US and Canada are the key markets for pipeline pigging systems in North America.

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Pipeline Pigging Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist pipeline pigging systems market growth during the next five years
  • Estimation of the pipeline pigging systems market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the pipeline pigging systems market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pipeline pigging systems market vendors

Major Three Pipeline Pigging Systems Market Participants:

3P Services GmbH & Co KG

3P Services GmbH & Co KG offers Pipe scanner-HandyScan, Smart pigs, and In-line inspection.

Alpha Pipeline Integrity Services Inc.

Alpha Pipeline Integrity Services Inc. offers Above Ground Marker (AGM) Setting & Pig Tracking.

Baker Hughes Co.

Baker Hughes Co. offers flexible pipe systems, rigid jumpers, and spools.

Enquire to know more about factors impacting the growth of the pipeline pigging systems market:

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Available Customization:

Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the pipeline pigging systems market report.

  • Further breakdown of the market segmentation in requested regions.
  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings

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