Pipeline Pigging Services Market Share

APAC Market Analysis

The pipeline pigging services market in the APAC region will encounter the biggest growth and will hold the highest revenue share with almost 45%. The reason behind this growth will be attributed to the high demand for energy in developing countries like China and India. Oil, gas, and coal imports to China contribute to roughly 85 percent, 40 percent, and 7 percent of the country’s domestic utilization, separately; and about 18 percent, 16 percent, and 18 percent of the international trade of these commodities. China is the world’s biggest energy utilizer and importer, along with a major manufacturer of energy and other associated commodities. Its impact on international energy markets and trade is enormous. The Asian powerhouse contributed to over a quarter of international utilization in 2022. It also persistently ranks among the top three users of oil, gas, coal, nuclear, hydro, wind, and solar power. It is a world leader in generating electric vehicles (EVs), along with the largest market for such cars. 

North American Market Statistics

The pipeline pigging services market in the North America region will also increase immensely and will hold the second largest position by the end of 2037 owing to the increasing use of pipelines in this region. In the United States, there are exceeding than 190,000 miles of liquid petroleum pipelines and more than 2.4 million miles of natural gas pipelines (comprising the distribution lines that serve homes, offices, and businesses). This constitutes the biggest pipeline network in the world.