Africa Intelligent Pipeline Pigging Market
No. of Pages: 133 | Report Code: TIPRE00009036 | Category: Manufacturing and Construction
No. of Pages: 133 | Report Code: TIPRE00009036 | Category: Manufacturing and Construction
Nigeria was the leading Africa geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The Africa intelligent pipeline pigging market size is expected to gradually increase in the coming years till 2027.
Market Insights
Increasing Demand for Africa intelligent pipeline pigging market in Nigeria
The Nigeria pipeline pigging market was worth US$ 4.98 million in 2018 and is projected to reach US$ 10.48 million by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. The Nigerian government is highly focusing on the development of new infrastructure. For instance, in January 2020, the Nigerian government secured US$ 2.5 billion for financing the development of the gas pipeline.
The country owns 202tn ft³ of proven gas reserves and an additional 600tn ft³ of unproven potential resources. Even though having the largest gas reserves in Africa, only c.25pc of these reserves are currently productive. However, NNPC has scheduled commissioning of the new pipeline in 2020, AKK forms phase one of the Trans-Nigeria Gas Pipeline (TNGP) project, and The TNGP project itself is part of the Trans-Sahara Gas Pipeline System that will ultimately link Southern Nigeria with customers in Europe. The AKK pipeline project is being implemented using a build and transfer (BT) public-private partnership (PPP) model, is expected to transport 3.5bn ft³/d of dehydrated wet gas from multiple projects in the southern part of the country. Thus, the development of a new pipeline is expected to boost the market for intelligent pipeline pigging in the country.
Technology Insights
The global Africa intelligent pipeline pigging market by technology was led by magnetic flux pigging. Ultrasonic pigging segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Application Insights
The global Africa intelligent pipeline pigging market by application was led by metal loss/corrosion segment. Others segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
End-User Insights
The global Africa intelligent pipeline pigging market by end-user was led by gas segment. Oil segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Strategic insights for the Africa Intelligent Pipeline Pigging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 12.79 Million |
| Market Size by 2027 | US$ 25.13 Million |
| Global CAGR (2018 - 2027) | 8.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | Africa
|
| Market leaders and key company profiles |
The geographic scope of the Africa Intelligent Pipeline Pigging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic Insights
The market players present in Africa intelligent pipeline pigging market are mainly focusing on product enhancements by implementing advanced technologies. Few of the recent developments are listed below;
2019:
Baker Hughes Company inaugurated its multimodal facility (MMF) for oil and gas in Luanda, Angola. Across the multiple product lines, the facility with its capabilities is expected to deliver a suite of products and services across the oil and gas value chain. It will cater as a hub to support customers and projects in Angola and Southern Africa region, and will also cater customers on a global scale.
2018:
First Reserve Corporation a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector invests in the Intero Integrity Services B.V. With this investment company planned to focus on operational excellence with existing and new customers, increasing presence in global energy hubs, and fast-tracking technology developments in partnership with its key customers.
2017:
Quest Integrity Group, LLC formed a strategic alliance with Metegrity, Inc. This helped company with extensive software capabilities to succeed company's Reliability Maintenance System (RMS); software platform.
The List of Companies - Africa Intelligent Pipeline Pigging Market
The Africa Intelligent Pipeline Pigging Market is valued at US$ 12.79 Million in 2018, it is projected to reach US$ 25.13 Million by 2027.
As per our report Africa Intelligent Pipeline Pigging Market, the market size is valued at US$ 12.79 Million in 2018, projecting it to reach US$ 25.13 Million by 2027. This translates to a CAGR of approximately 8.1% during the forecast period.
The Africa Intelligent Pipeline Pigging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Africa Intelligent Pipeline Pigging Market report:
The Africa Intelligent Pipeline Pigging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Africa Intelligent Pipeline Pigging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Africa Intelligent Pipeline Pigging Market value chain can benefit from the information contained in a comprehensive market report.
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