A new Report by Delvens, titled "Asset Integrity Management Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, 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% to 2028.
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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.
Top Key Players of Asset Integrity Management Market:
· 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 and More
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.
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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.
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
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In addition to the market data for Asset Integrity Management Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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