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Market Analysis: Global Asset Integrity Management Market
Global Asset Integrity Management Market is expected to reach USD 36.9 billion by 2025 from USD 18.8 billion in 2017 and is projected to grow at a CAGR of 11.7 % in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025
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Key Players: Global Asset Integrity Management Market
Aker Solutions, Bureau Veritas SA, Fluor Corporation, Intertek Group plc, SGS SA , Applus Servicios Tecnológicos, S.L.U., Det Norske Veritas Group, John Wood Group PLC, Oceaneering International, Inc., ROSEN Group, TechnipFMC plc, LifeTech Engineering Ltd., EM&I, Metegrity Inc., General Electric , ABB, Siemens , FORCE Technology, Tipper Group, Many more.
Key Development: Global Asset Integrity Management Market
In 2017, Bureau Veritas launched AIM3D, a next generation asset integrity management solution. It is used from the design stage, through construction and throughout the operational lifecycle. It is a solution which combines a digital twin of any marine or offshore assets.It is used in shipping and offshore industries.
In 2015, ABS Group launched a new offshore Asset Integrity Management (AIM) service which focused on efficiency and profitability for asset owners and operators and driving operational reliability. It is designed for customers to assess the true condition of their assets.It is used in oil and gas, power and mining.
Table Of Content: Global Asset Integrity Management Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Asset Integrity Management Market Landscape
Part 04: Global Asset Integrity Management Market Sizing
Part 05: Five Forces Analysis
Part 06: Global Asset Integrity Management Market Segmentation By Product
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Segmentation: Global Asset Integrity Management Market
The market is based on service, industry geographical segments.
Based on service, the market is segmented into RBI, ram study, corrosion management, pipeline integrity management, hazid study, structural integrity management, NDT
Based on industry, the market is segmented into oil and gas, power, mining, aerospace others
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific Middle East & Africa.
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Market Drivers and Restraints: Global Asset Integrity Management Market
Demand of asset integrity management in new offshore fields in deep waters
Declining efficiencies of aging assets and the need for operational safety
Decrease in oil and gas prices
Increasing the demand for maintaining the asset and plant.
Stringent government safety regulations and quality control requirements
Climatic changes affecting the operations of various industries
High initial cost and complex process of system installation
Competitive Analysis: Global Asset Integrity Management Market
The global asset integrity management market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of asset integrity management market for global, Europe, North America, Asia Pacific and South America.
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