The Global Asset Integrity Management Market Report by The Business Research Company covers asset integrity management market drivers and restraints, asset integrity management market size, major players, and the impact of COVID-19 on the asset integrity management market.
The asset integrity management market consists of sales of asset integrity management services by entities (organizations, sole traders, and partnerships) which ensure that a facility’s assets are designed, fabricated, procured, installed, and maintained appropriately for their intended application throughout the operation’s life. Asset integrity management (AIM) is a method that enables the asset’s ability and potential to be effectively managed to mitigate and eliminate corrosion and fatigue crack degradation.
The global asset integrity management market is expected to grow from $20.40 billion in 2020 to $22.36 billion in 2021 at a compound annual growth rate (CAGR) of 9.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The asset integrity management market is expected to reach $35.07 billion in 2025 at a CAGR of 11.9%.
The growing demand for maintaining assets is expected to fuel the growth of the asset integrity management market in the coming years. The majority of businesses are introducing asset integrity management (AIM) services because it prevents significant harm to people and the community, and improves business efficiency.
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Some asset integrity management market trends include the launch of innovative solutions. Major companies operating in the asset integrity management sector are focused on developing technological solutions for asset integrity management
Global asset integrity management market segments include:
1) By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Others
2) By End Use Industry: Oil And Gas, Power, Mining, Aerospace, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Asset Integrity Management Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides asset integrity management market overviews, analyzes and forecasts market size, share, asset integrity management market players, asset integrity management market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The asset integrity management identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Asset Integrity Management Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Citibank, The American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc, Total System Services Inc, The PNC Financial Services Group Inc., Capital One Financial Corporation, The Bank of America Corporation, Wells Fargo, Discover Bank, HDFC Bank Ltd., SBI Card and Payment Services Limited, ICICI Bank Limited, Axis Bank Limited, Bank of Baroda
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Asset Integrity Management Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Asset Integrity Management Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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