Pipeline Pigging Systems Market 2020-2024 | Analysis on the Impact of COVID19 | Technavio
According to the latest report published by Technavio, the pipeline pigging systems market size is poised to grow by USD 4.2 billion during 2020-2024, progressing at a CAGR of about 1% during the forecast period.
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Technavio has announced its latest market research report titled Global Pipeline Pigging Systems Market 2020-2024 (Graphic: Business Wire)
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment facing direct and indirect COVID-19 impact.
To learn more about the global trends impacting the future of market research, download a free sample now
Market Competitive Analysis:
The market is fragmented due to the presence of several pipeline pigging systems manufacturing companies. 3P Services GmbH & Co KG, Alpha Pipeline Integrity Services Inc., and Baker Hughes Co. are some of the major market participants.
- Although the economic benefits of pipeline transportation will offer immense growth opportunities, the complexities associated with small-diameter pipelines will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
- To help clients improve their market position, this pipeline pigging systems market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies.
- The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this pipeline pigging systems market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
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This report provides information on the production, sustainability, and prospects of several leading companies, including:
- 3P Services GmbH & Co KG
- Alpha Pipeline Integrity Services Inc.
- Baker Hughes Co.
- CIRCOR International Inc.
- Dacon Inspection Technologies Co. Ltd.
- GeoCorr LLC
- LIN SCAN
- Pigs Unlimited International LLC
- Russell NDE Systems Inc.
- T.D. Williamson Inc.
Global Pipeline Pigging Systems Market: COVID-19 Impact Analysis
Market Impact:
As the business impact of COVID-19 spreads, the global pipeline pigging systems market 2020-2024 is expected to have negative and inferior growth.
Industry Impact:
The energy industry is expected to have a negative impact due to the spread of the COVID-19 virus. The energy market will have an indirect impact due to the spread. Even if the spread of the virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity.
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Key Highlights of the Report for 2020-2024:
- CAGR of the market during the forecast period 2019-2024
- Detailed information on factors that will drive pipeline pigging systems market growth during the next five years
- Precise estimation of the pipeline pigging systems market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in market dynamics
- The growth of the pipeline pigging systems market industry across North America, Europe, MEA, APAC, and South America
- A thorough 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
Download a free sample of the report with COVID-19 crisis and recovery analysis.
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Gas - Market size and forecast 2019-2024
- Oil - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3P Services GmbH & Co KG
- Alpha Pipeline Integrity Services Inc.
- Baker Hughes Co.
- CIRCOR International Inc.
- Dacon Inspection Technologies Co. Ltd.
- GeoCorr LLC
- LIN SCAN
- Pigs Unlimited International LLC
- Russell NDE Systems Inc.
- T.D. Williamson Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201104005259/en/
