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)
Asset Integrity Management Market Overview
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.
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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 Regional Analysis
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 Competitive Landscape
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
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Asset Integrity Management Market 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 in the Asset Integrity Management Market
- 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
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Frequently Asked Questions
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