Asset Integrity Management Market - Trends Forecast Till 2028

Asset Integrity Management Market with COVID-19 impact by Service (NDT, RBI, Corrosion Management, Pipeline Integrity Management, HAZID Study, Structural Integrity Management, RAM Study), Industry and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-IT-AIMM-1035

Format:  

Number of Pages: 284

Domain: IT & Telecom

Asset Integrity Management Market – Trends Forecast Till 2028

Asset Integrity Management Market size was valued at USD 24.55 Billion in 2020 and is projected to reach USD 48.70 Billion by 2028, growing at a CAGR of 9.05% from 2021 to 2028.

Asset Integrity Management comprises various processes that are essentially used for the functioning of the systems. It maintains as well as manage corporate assets effectively and make sure they are safe, operationally efficient as well as reliable.

Stringent safety regulations and quality control requirements laid down by governments, and climatic changes affecting the operations of various industries are some of the factors that have supported long-term expansion for Asset Integrity Management Market.

Asset Integrity Management Market Research Report

The growing oil & gas industry and the investments made in this industry are driving the asset integrity management services market in APAC. China is the largest market for asset integrity management services in Asia Pacific. The growth of the market is primarily driven by the increasing demand for oil and gas and the rise in merger and acquisition activities, which have increased investments in the regional energy sector.

Asset Integrity Management Market is segmented into service type, industry and region.

On the basis of Service Type

  • Non-Destructive Testing (NDT)
  • Risk-Based Inspection (RBI)
  • Corrosion Management
  • Pipeline Integrity Management
  • Hazard Identification (HAZID) Study
  • Structural Integrity Management
  • Reliability, Availability, And Maintainability (RAM) study

On the basis of Industry

  • Oil and gas
  • Power
  • Mining
  • Aerospace
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Asset Integrity Management Market Primary Respondent

 

Key Players

  • DNV GL AS
  • Intertek Group PLC
  • Fluor Corporation
  • SGS SA, Oceaneering International Inc.
  • TechnipFMC plc
  • Bureau Veritas SA
  • ROSEN Swiss AG
  • John Wood Group PLC

Recent Developments

  • In December 2018, The Siemens AG has collaborated with Aker Solution in order to strengthen its digital offerings in engineering. In this Siemens will contribute towards providing a wide range of digital services such as automation equipment and software application whereas, Aker solutions will strengthen digital offerings and assets integrity management.
  • In September 2018, Engineering for the Petroleum & Process Industries (ENPPI) has collaborated with John Wood Group a leading provider of technical and engineering services. The aim of this collaboration is to provide a technical solution for its oil and gas projects.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Asset Integrity Management Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 9.05% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Service type, industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

DNV GL AS, Intertek Group PLC, Fluor Corporation, SGS SA, Oceaneering International Inc., TechnipFMC plc, Bureau Veritas SA, ROSEN Swiss AG, and John Wood Group PLC

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