NEW YORK, June 15, 2021 /PRNewswire/ -- The pipeline pigging systems market is expected to reach USD 4.20 billion during 2020-2024, accelerating at a CAGR of about 1%. The market report offers an in-depth analysis regarding the latest trends and drivers, current market scenario, and the overall market environment.
Pipeline Pigging Systems Market Segmentation: Application
Natural gas is recorded as the largest application segment in 2019, as it is the natural source of energy across the world. Factors such as the increasing natural gas production worldwide and the increased support from governments contribute to the growth of the pipeline pigging systems market. The market growth will be significant over the forecast period.
Pipeline Pigging Systems Market Segmentation: Geography
Based on the segmentation by geography, North America held the largest market share of 71% of market growth in 2019, and the region will offer several growth opportunities to market vendors. The market is influenced by factors such as the booming rise in shale oil and gas production which will drive the growth of the market. The US and Canada are the key markets for pipeline pigging systems in North America.
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Further breakdown of the market segmentation in requested regions.
Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings
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