Global Pigging Valves Market Opportunities 2024, Forecast To 2033
23 Feb, 2024
The pigging valves market has experienced strong growth, rising from $4.52 billion in 2023 to $4.95 billion in 2024, with a 9.5% CAGR. This is linked to industry growth and regulatory compliance. Forecasts suggest continued growth to $7.08 billion in 2028, driven by emerging markets and a focus on energy efficiency. Noteworthy trends include digitalization, automation, and global market expansion.
Global Pigging Valves Market Key Driver
The pigging valve market is set to grow, propelled by the increasing activities in oil and gas exploration. Efforts to expand oil and gas exploration lead to the construction of additional pipelines, requiring pigging valves for integration. Investments in refining capacity and exploration, such as the approval of $3.8 billion by the Union Ministry of Petroleum and Natural Gas, indicate a robust market growth for pigging valves in the oil and gas sector.
Get A Free Sample Of The Global Pigging Valves Market ReportGlobal Pigging Valves Market Segments
The pigging valves market covered in this report is segmented –
1)By Type: Bypass Pigging Valves, Shutoff Pigging Valves
2)By Technology: Ultrasonic piping, Magnetic flux piping, Caliper
3)By End User: Oil and Gas Industry, Pharmaceutical, Chemical Industry, Refining and Petrochemical Industries., Water, Sewage and Effluent, Food-Processing Industries, Other End-Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Middle Eastwas the largest region in the pigging valves market in 2023. The regions covered in the pigging valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Pigging Valves Industry Players
Jag Valves; Hartmann Valves GmbH; Frontier Valve International Ltd.; Tiger Valve Company; Argus Machine Co. Ltd.; Master Flo Valve Inc.; SAMSON Controls Inc.; Pipetech Corporation Ltd.; Sofis valve operation; Phoenix Specialty Inc.; Camtech Manufacturing FZCO; RMA Rheinau GmbH & Co. KG; Tulsa Valve Inc.; Energas Technologies (Pty) Ltd.; Smith Flow Control Ltd.; Pigging Solutions LLC; Circor International Inc.; Swagelok Company; Valvitalia spa; Oliver Valves pvt. Ltd.; Apollo Valves; Colson X-Cel Ltd.; The Lee Company; HOKE; Hy-Lok Corporation; Dwyer Instruments LLC; Crane Co.; Rotork plc; NIBCO Inc.; The weir Group PLC
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Pigging Valves Market Overview
Pigging valves refer to valves through which pipeline inspection gadgets are closed and released for cleaning and maintaining pipelines. These valves are used for launching and retrieving pipeline intervention.
Pigging Valves Global Market Report 2023 provides data on the global pigging valves market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pigging valves market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.