DUBLIN–(BUSINESS WIRE)–
Research and Markets (http://www.researchandmarkets.com/research/dhx4sg/intelligent) has announced the addition of the “Intelligent Pigging Services Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” report to their offering.
Improving global economy, rising petroleum consumption and production, stringent government & industry regulations and advancements in inspection technologies are key drivers of the global intelligent pigging services market. The Latin American market is expected to register the highest CAGR during the forecast period. The Western European and the North American intelligent pigging services markets are expected to register moderate CAGRs over the forecast period. The North American intelligent pigging market is expected to experience price wars, due to high concentration of intelligent pigging service providers in the region. High costs associated with intelligent pigging and shrinking profit margins are some of the factors expected to inhibit growth of the global intelligent pigging services market over the forecast period.
The report starts with an overview of intelligent pigging services. Intelligent pigging services have been used for inspecting and maintaining the oil and gas pipelines for decades. To understand and assess the opportunities in this market the report is categorically split under three sections namely: market analysis by technology, end-use industry and region.
This covers the intelligent pigging services market performance in terms of revenue split in Asia Pacific Excluding Japan, Middle East & Africa, Latin America, North America, Western Europe, Eastern Europe and Japan. This section also includes analysis of key trends, drivers and restraints from supply and demand perspectives. Impact analysis of key growth drivers and restraints based on weighted average model included in the report better equips the client with crystal clear decision making insights.
The report analyses the market on the basis of technology and presents the forecast in terms of value for the next 10 years. Technology types covered in the report include:
- Magnetic Flux Leakage (MFL)
- Ultrasonic Test (UT)
The report further analyses the market on the basis of end-use industry and presents the forecast in terms of value for the next 10 years. End-use industries covered in the report include:
- Oil Industry
- Gas Industry
Market players featured in the section include:
- LIN SCAN
- T.D. Williamson, Inc.
- Baker Hughes Incorporated
- GE Oil and Gas (PII Pipeline Solutions)
- NDT Global
- Enduro Pipeline Services Inc.
- Petrobras
- OMV Group
- ConocoPhillips
- Royal Dutch Shell Plc.
For more information visit http://www.researchandmarkets.com/research/dhx4sg/intelligent
View source version on businesswire.com: http://www.businesswire.com/news/home/20150909006175/en/
Laura Wood, Senior Manager
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