Published Date : November, 2019   |   Report ID : 1000950   |   Report Format : PDF   |   Delivery Time : 48-72 Business Hours   |   Category : Energy & Power

Analyzing Impact of COVID-19 on Intelligent Pigging Market

Evaluating Financial Stability During & Post Pandemic

We understand the intense effect of the coronavirus on numerous businesses across the globe, affecting the opportunities, marketing strategies, and pricing models, that are further affecting the growth of the businesses worldwide. We provide updated pointers in this economic pandemic to help the conglomerates to sustain in these uncertain and challenging times and ensure that they take affirmative business decisions. Know More

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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Introduction and Overview

Rising population leading to growing energy demand and implementation of sustainable energy strategies to promote sustainable economy is contributing significantly to the growth of the global Intelligent Pigging market. As per the statistics by IEA (International Energy Agency), the gross electricity production around the globe was 2.5% higher in 2017 as compared to 2016, out of which, the gross electricity production in OECD countries was 11,051 TWh, whereas, in non-OECD countries, it was recorded 14,670 TWh. The rising number of initiatives to satisfy the growing demand for energy while considering its impact on environment is estimated to hone the growth of the global Intelligent Pigging market over the next decade. In 2017, the highest amount of electricity (46.7%) was consumed in China, one of the four leading non-OECD countries, among India, Russia and Brazil, which altogether contribute to 37.2% of the global consumption. The average growth rate in electricity consumption between the period 2010 and 2017, in industrial sector was 0.2 % (as compared to -0.8% during 2000-2010), commercial and public services with 0.3% (a decline of 1.8% from 2.1% growth rate observed in 2000-2010), -0.5% in residential sector as compared to 2.0% over 2000-10, and 2.3% growth was observed in the transport segment in comparison to -0.6% during 2000-10. The drastic shift towards the alternative energy sources due to environmental degradation caused by GHG (greenhouse) emissions, is driving many regions to adopt for renewables for power generation. The growing rate of power generation through renewable energy sources across the world is projected to raise significant opportunities in the Intelligent Pigging market in the next 6-7 years.

Our overall market analysis on the global Intelligent Pigging market includes recent trends, opportunities coupled with inclusive macro-economic indicators that are leading to the growth of the market. Moreover, our bottom-up and top-down approach to calculate the market numbers along with detailed segmentation and regional average pricing analysis is provided in the report. Additionally, our report highlights correlation and regression analysis, demand and supply risk, followed by strategies to attract potential customers. Furthermore, our report includes Y-o-Y growth rate and absolute $ opportunity value that the global Intelligent Pigging market is estimated to record in 2027 as compared to this year.

Top Macro-Economic Indicators Impacting the Growth:

During 2018, the CO2 emissions through energy generation increased by 1.7% to 33 Gt (Gigatonnes), out of which, the use of coal (contributed by coal power plants in Asia) for power generation crossed 10Gt. Fossil fuels accounted for around 70% in the overall increase in demand for fuels, whereas, solar and wind energy generation grew at a double-digit pace. The growing economy and demand for energy across the globe, with rising need for cooling and heating has led to an increase of 2.3% in global energy demand in 2018, where natural gas contributed to 45% of the rise in energy consumption. The strong demand for the gas was witnessed in the United States and China. The electricity consumption in China was 5537 TWh, whereas, the energy consumption in the United States was 3738 TWh in 2017.

The rising rate of energy-related CO2 emissions followed by growing ecological concerns pertaining to depleting fossil fuels combined with their impact on environment is predicted to drive notable business opportunities among major key players to invest highly in sustainable energy generation methods such as solar panels and solar panel recycling among others. As per IRENA (International Renewable Energy Agency), the overall volume of accumulated photovoltaic panel waste across the globe is estimated to account for 60-70 million tons by 2050. Factors such as these are also driving numerous governmental bodies to encourage green projects along with laying out practical and energy-efficient ways of managing waste around the world.

Export and Import Scenario by Regions, (USD Thousands), 2017

Geographic Overview

A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).

The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.

In the Asia Pacific Intelligent Pigging market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the Intelligent Pigging market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.

Competitive Landscape

A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.

Competitive Positioning of the Companies in the Market

Key Topic Covered

  • Market Size, Demand, Y-o-Y Growth Comparison
  • Market Segmentation Analysis
  • Market Segmentation Analysis by Geography
    • North America (U.S. and Canada)
    • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
    • Europe (Germany, France, UK, Spain, Italy, BENELUX, NORDIC, Russia, Poland, Turkey, Hungary, Rest of Europe)
    • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
    • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
  • Absolute $ Opportunity
  • Regional Average Pricing Analysis
  • Demand and Supply Risk
  • Regulatory Landscape
  • Regression and Correlation Analysis
  • Porters Five Force Model
  • Market Dynamics
    • Growth Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Economy Side Drivers
    • Challenges
    • Trends
    • Opportunities
  • Macro-economic Indicators impacting the growth of the market
  • Competitive Landscape
    • Market Share of the companies
    • Competitive Positioning of the companies
    • Overview of the companies
    • Key Product Offerings
    • Business Strategies
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • SWOT Analysis
    • Recent Developments
    • Regional Presence

Major Target Audience for this report:

  • Manufacturers of the product
  • Suppliers of raw materials
  • Distributors
  • Strategic and management consulting firms
  • Investors
  • Investment banks
  • Various regulatory and Government bodies
  • Industrial Associations
  • Research Organizations and institutes
  • Organizations, alliances and forums related to this market

Crucial Questions Answered in this report:

  • How the market is going to be impacted based upon the macroeconomic indicators?
  • What are the various opportunities in this market?
  • Which segment and which country has the fastest growth?
  • Complete analysis of the competitive landscape
  • Where the maximum opportunity lies in terms of further investments by region?
  • Potential countries for investment

Scope for the Customization:

We are open for the customization of this report for our client.

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