By Service Type (Hazard Identification (HAZID) Study, Structural Integrity Management, Nondestructive Testing (NDT), Inspection Risk-Based Inspection (RBI), Reliability, Availability, and Maintainability (RAM) Study, Corrosion Management, Pipeline Integrity Management), Vertical (Mining, Aerospace, Oil and Gas, Power), and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Asset Integrity Management Market was valued at USD 17.53 billion in 2016 and is projected to reach USD 37.95 billion by 2025, growing at a CAGR of 8.96% from 2017 to 2025.
Asset Integrity Management (AIM) provides the ability of an asset to perform its function effectively and efficiently for protecting health, safety and environment. The goal of asset integrity management is to effectively manage corporate assets in order to gain maximum value, profitability and returns. Benefits of AIM system includes - reliability improvement, improved environmental performances, improved safety, reduce risk, reduced maintenance and inspection cost, and maximize reliability, availability, maintainability of equipment.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising explorations for the oil and gas reserves in the emerging countries
1.2 Adoption of cloud technology with the asset integrity management services
1.3 Reduction in oil and gas prices
1.4 Increasing demand for maintaining the asset and plant
1.5 Growing need of asset integrity management in new offshore fields in deep waters
1.6 Strict government safety rules and quality control requirements
2. Market Restraints
2.1 High initial cost
2.2 Complex process of system installation
2.3 Lack of technical expertise
Market Segmentation:
The Global Asset Integrity Management Market is segmented on the service type, vertical, and region.
1. Service Type:
1.1 Hazard Identification (HAZID) Study
1.2 Structural Integrity Management
1.3 Nondestructive Testing (NDT)
1.4 Inspection Risk-Based Inspection (RBI)
1.5 Reliability, Availability, and Maintainability (RAM) Stud
1.6 Corrosion Management
1.7 Pipeline Integrity Management
2. By Vertical:
2.1 Mining
2.2 Aerospace
2.3 Oil and Gas
2.4 Power
2.5 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. DNV GL AS
2. Intertek Group PLC
3. Fluor Corporation
4. SGS SA
5. Oceaneering International Inc.
6. TechnipFMC plc
7. Bureau Veritas SA
8. ROSEN Swiss AG
9. John Wood Group PLC
10. Applus+ Servicios Tecnológicos, S.L.
11. Aker Solutions ASA
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Asset Integrity Management Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL ASSET INTEGRITY MANAGEMENT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ASSET INTEGRITY MANAGEMENT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL ASSET INTEGRITY MANAGEMENT MARKET , BY SERVICE TYPE
5.1 Overview
5.2 Hazard Identification (HAZID) Study
5.3 Structural Integrity Management
5.4 Nondestructive Testing (NDT)
5.5 Inspection Risk-Based Inspection (RBI)
5.6 Reliability, Availability, and Maintainability (RAM) Stud
5.7 Corrosion Management
5.8 Pipeline Integrity Management
6 GLOBAL ASSET INTEGRITY MANAGEMENT MARKET , BY VERTICAL
6.1 Overview
6.2 Mining
6.3 Aerospace
6.4 Oil and Gas
6.5 Power
6.6 Others
7 GLOBAL ASSET INTEGRITY MANAGEMENT MARKET , BY GEOGRAPHY
7.1 Overview
7.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
7.5.1 Brazil
7.5.2 Argentina
7.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
8 GLOBAL ASSET INTEGRITY MANAGEMENT MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Share
8.3 Vendor Landscape
8.4 Key Development Strategies
9 COMPANY PROFILES
9.1 DNV GL AS
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Intertek Group PLC
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Fluor Corporation
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 SGS SA
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Oceaneering International Inc.
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 TechnipFMC plc
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Bureau Veritas SA
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 ROSEN Swiss AG
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 John Wood Group PLC
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Applus+ Servicios Tecnológicos, S.L.
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
9.11 Aker Solutions ASA
9.11.1 Overview
9.11.2 Financial Performance
9.11.3 Product Outlook
9.11.4 Key Developments
10 Appendix
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