Description
Asset Integrity Management Market: Market Segments: By Service sort (RAM Study, RBI, NDT, Pipeline Integrity Management, Corrosion Management, Structural Integrity Management, HAZID (Hazard Identification) Study and Others); By Application (Oil & Gas, Power, Marine, Mining, Aerospace, and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product summary
Asset Integrity Management (AIM) is outlined as a system that permits Associate in Nursing asset’s capability and potential to be controlled effectively so as to {reduce} and reduce degradation caused by corrosion and fatigue cracks. It ensures that procedures, entities and merchandise area unit aligned and employed in a technique that produces higher results. they’re run on sure protocols aimed toward protective the plus, atmosphere and people.
Market Highlights
Asset Integrity Management Market is predicted to project a notable CAGR of eleven.3% in 2030.
Asset Integrity Management Market to surpass USD forty 7.3 billion by 2030 from USD 18.52 billion in 2018 at a CAGR of 10.96% throughout the forecast amount, i.e., 2019-30. Rising understanding of managing cost and increasing the expansion of the energy and power sectors area unit the most contributory factors. There additionally|also are|are} new prospects found in problem oil fields that have also mobilized the market’s growth.
Asset Integrity Management Market: Segments
Corrosion management section to grow with the best CAGR of half-dozen.22% throughout 2019-30
Asset Integrity Management Market is segmental by service sort as Risk-Based examination (RBI), corrosion management, pipeline integrity management, structural integrity management, Nondestructive Testing (NDT) examination, Reliability-Availability-Maintainability (RAM) Study, Hazard Identification (HAZID) Study et al.. The bigger market share of XX.X% in 2018 was accounted by Nondestructive Testing (NDT) examination section of the plus Integrity Management market. it’s usually accustomed decrease operational expenses in producing industries and in-service applications, thereby driving the event of the service class market. On the idea of monetary returns, the output of various assets is evaluated.
Asset Integrity Management Market: Market Dynamics
Drivers
Demand of plus integrity management in new offshore fields in deep waters
Oil & gas sector contributes the bulk of its shares to the marketplace for plus integrity management services. plus integrity management services make sure that oil & gas plants operate swimmingly which their resources area unit used optimally. The introduction of plus integrity management services is predicted to accentuate within the coming back years with the invention of latest offshore fields in deep waters.
Restrain
Unfavorable environmental things
The absence of skilful labor and volatile climate shifts that occur worldwide area unit main market factors that hinder the market to expand at full pace. Rising energy demand from developing countries and power-intensive industries has driven upstream oil and gas exploration firms to look deeper and farther offshore into the ocean.
Asset Integrity Management Market: Key Players
• SGS AG
o Company summary
o Business Strategy
o Key Product Offerings
o monetary Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Intertek cluster Plc.
• Aker Solutions
• Bureau Veritas reserves
• Flour Corporation
• DNV GL AS
• John Wood cluster Plc.
• Oceaneering International, Inc.
• Rosen cluster
• Cybernetix Ltd
Asset Integrity Management Market: Regions
Asset Integrity Management Market is segmental supported regional analysis into 5 major regions. These embrace North America, geographical area, Europe, APAC and MENA.
Asset Integrity Management Market in North America command the biggest market share of XX.X% within the year 2018 thanks to the expansion of the oil and energy sectors has provided enough opportunities. a number of the factors that contributed to the expansion of the plus integrity management market during this space are government policies and laws to shield the standard of assets and therefore the atmosphere. thanks to the rising demand for vision-guided robotic systems, the implementation of application-specific plus integrity management systems, and government initiatives to use plus integrity management that generate opportunities for market development in Asia Pacific.
Asset Integrity Management Market report additionally contains analysis on:
Asset Integrity Management Market Segments:
By Service Type:
• Non-Destructive Testing (NDT)
• Risk-Based examination (RBI)
• Corrosion Management
• Pipeline Integrity Management
• Hazard Identification (HAZID) Study
• Structural Integrity Management
• responsibleness, handiness, And Maintainability (RAM) study
• Others
By Industry:
• Oil and gas
• Power
• Mining
• region
• Others
• plus Integrity Management Market Dynamics
• plus Integrity Management Market Size
• offer & Demand
• Current Trends/Issues/Challenges
• Competition & firms concerned within the Market
• price Chain of the Market
• Market Drivers and Restraints
