Global Asset Integrity Management Market Outlook, Opportunities And Strategies
Learn about the global asset integrity management market through The Business Research Company, which provides information on asset integrity management market size, asset integrity management market drivers and restraints, asset integrity management market players, the COVID-19 impact on the asset integrity management market, and more.
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 drive innovation in asset integrity management, thus driving the market during the forecast period.
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The asset integrity management market consists of sales of asset integrity management services by entities (organizations, sole traders, and partnerships) which ensures 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.
Global asset integrity management market segments include:
By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Others
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. Among these regions, North America was the largest region in the asset integrity management market in 2020.
The launch of innovative solutions is shaping the asset integrity management market. Major companies operating in the asset integrity management sector are focused on developing technological solutions for asset integrity management.
TBRC’s asset integrity management market report covers:
Major Market Players: SGS SA, TWI Ltd, EM&I, LifeTech Engineering Ltd, Aker Solutions ASA, Applus+, DNV GL, John Wood Group PLC, Oceaneering International Inc, Intertek Group plc, Metegrity Inc., FORCE Technology Norway AS, Bureau Veritas SA, TechnipFMC plc, Fluor Corporation, Dacon Inspection Technologies, General Electric, ABB, Siemens, TÜV SÜD, ABS Group, Velosi Asset Integrity Ltd, Axess Group, Element Materials Technology, and MISTRAS Group Inc.
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)
The Asset Integrity Management Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s asset integrity management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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