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Global Asset Integrity Management Market is expected to reach USD 48.35 Billion by 2025, at a CAGR of 11.4% from 2018 to 2025. The key contributing factor are increasing awareness to control capital expenditure and rise in development of energy and power sectors. Also, there are new opportunities found in deep water oil fields which has also mobilised the growth of the market.
Market Overview:
Asset Integrity Management (AIM) is defined as a system which allows management of the ability and potential of an asset to conduct its operation effectively thereby mitigating and reducing deterioration caused by corrosion and fatigue cracks. It ensures that people, processes, and material are aligned and used in such a way that they generate better outcomes. They are of operated on some protocols that aims to protect the asset, people and environment. They are not just meant for old asset but is considered in all the stages of product life cycle i.e. from conception to operation, inspection, and finally to replacement whenever it is ought to be necessary for them to be repaired. The asset integrity management system intends to expand the by maintaining the asset in a fit-for-service condition.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Asset Integrity Management Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The asset integrity management market is segmented on the basis of service type and industry.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global asset integrity management market with USD 7.20 Billion in 2017 where as the Asia Pacific region held the second dominant position in the market.
Global Asset Integrity Management Market Competitive Analysis:
Key players in the asset integrity management market are 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 and Tipper Group many more.
For instance, in 2015, ABS Group launched a new offshore Asset Integrity Management (AIM) service which rendered operational reliability. It provided a clear picture to customers about the condition of assets.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Billion) {Market Size} |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2017 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global asset integrity management market on the basis of below mentioned segments:
Global Asset Integrity Management Market, By Service Type:
Global Asset Integrity Management Market, By Industry:
Global Asset Integrity Management Market, By Regions:
List of Table
List of Figures
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
Hi Rahul,
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Thank You in Advance
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Thanks for the report. We've been going through it and see some good data on the market and players.
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