The pigging valves market has seen robust growth in recent times. Rising from a market size of $4.88 billion in 2024, it is forecasted to grow to $5.32 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth include industry progress, regulatory compliance, and infrastructure development. Projected to continue its upward trajectory, the market is expected to reach $7.79 billion by 2029 with a CAGR of 10.0%. Major drivers for growth in the forecast period include emerging markets, a focus on energy efficiency and an increase in R&D investments.
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What Are The Key Drivers For Pigging Valves Market?
The pigging valve market is set to benefit from the increase in oil and gas exploration activities. As these activities ramp up, more pipelines will be built, thus fuelling the need for pigging valves, which are essential for connecting these pipes in preparation for pipeline integration. For instance, the Indian Government’s decision to allow 100% foreign direct investment (FDI) in various sectors like natural gas, petroleum products, and refineries is likely to attract both domestic and international investors. This sector is tipped to attract $25 billion in investments for exploration and production, which is likely to spur growth in the pigging valves market.
Which Are The Segments Of Pigging Valves Market?
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
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Who Are The Major Players In The Pigging Valves Market?
Prominent companies operating in the pigging valves market include 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, 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, Crane Co., Rotork plc, NIBCO Inc., The weir Group PLC.
What Are The Emerging Trends In The Pigging Valves Market?
One significant trend in the pigging valve market is the introduction of new products like Pig Ball Valve Systems. Built for efficiency and to minimize environmental impact, Pig Ball Valve Systems offer a compact alternative to traditional pigging systems. In June 2024, Turkey-based BATU Valve introduced these systems, sowing the seeds for a potential transformation in pipeline maintenance practices.
Which Region Held The Largest Share In The Pigging Valves Market?
The Middle East held the largest share in the pigging valves market in 2024. The pigging valves market report covered regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Pigging Valves Market Report 2025 Offer?
The Pigging Valves Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Pigging valves are valves that enable the deployment and retrieval of pipeline intervention devices, commonly used for the cleaning and maintenance of pipelines.
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