Asset Integrity Management Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

  • Report Code : FAT2169239
  • Published On: Jun, 2021
  • Category : IT & Telecom
  • Pages : 125

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  • Asset Integrity Management Market: Market Segments: By Service Type (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 Overview

    Asset Integrity Management (AIM) is defined as a system that enables an asset's capacity and potential to be controlled effectively in order to minimize and reduce degradation caused by corrosion and fatigue cracks. It ensures that procedures, entities and products are aligned and used in a method that produces better results. They are run on certain protocols aimed at protecting the asset, environment and individuals.

    Market Highlights

    Asset Integrity Management Market is expected to project a notable CAGR of 11.3% in 2030.

    Asset Integrity Management Market to surpass USD 47.3 billion by 2030 from USD 18.52 billion in 2018 at a CAGR of 10.96% throughout the forecast period, i.e., 2019-30. Rising understanding of managing capital expenditure and increasing the growth of the energy and power sectors are the main contributing factors. There are also new possibilities found in deep water oil fields that have also mobilized the market's growth.

    Asset Integrity Management Market: Segments

    Corrosion management segment to grow with the highest CAGR of 6.22% during 2019-30

    Asset Integrity Management Market is segmented by service type as Risk-Based Inspection (RBI), corrosion management, pipeline integrity management, structural integrity management, Nondestructive Testing (NDT) Inspection, Reliability-Availability-Maintainability (RAM) Study, Hazard Identification (HAZID) Study and others. The greater market share of XX.X% in 2018 was accounted by Nondestructive Testing (NDT) Inspection segment of the Asset Integrity Management market. It is commonly used to decrease operating expenses in manufacturing industries and in-service applications, thereby driving the development of the service category market. On the basis of financial returns, the output of different assets is evaluated.

    Asset Integrity Management Market: Market Dynamics

    Drivers

    Demand of asset integrity management in new offshore fields in deep waters

    Oil & gas sector contributes the majority of its shares to the market for asset integrity management services. Asset integrity management services ensure that oil & gas plants operate smoothly and that their resources are used optimally. The introduction of asset integrity management services is expected to intensify in the coming years with the discovery of new offshore fields in deep waters.

    Restrain

    Unfavorable environmental situations

    The absence of skilled labor and volatile climate shifts that occur worldwide are 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 companies to search deeper and farther offshore into the ocean.

    Asset Integrity Management Market: Key Players

    • SGS AG

    o Company Overview

    o Business Strategy

    o Key Product Offerings

    o Financial Performance

    o Key Performance Indicators

    o Risk Analysis

    o Recent Development

    o Regional Presence

    o SWOT Analysis

    • Intertek Group Plc.

    • Aker Solutions

    • Bureau Veritas SA

    • Flour Corporation

    • DNV GL AS

    • John Wood Group Plc.

    • Oceaneering International, Inc.

    • Rosen Group

    • Cybernetix Ltd

    Asset Integrity Management Market: Regions

    Asset Integrity Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

    Asset Integrity Management Market in North America held the largest market share of XX.X% in the year 2018 due to the growth of the oil and energy sectors has provided enough opportunities. Some of the factors that contributed to the growth of the asset integrity management market in this area are also government policies and regulations to protect the quality of assets and the environment. Due to the rising demand for vision-guided robotic systems, the implementation of application-specific asset integrity management systems, and government initiatives to use asset integrity management that generate opportunities for market development in Asia Pacific.

    Asset Integrity Management Market report also contains analysis on:

    Asset Integrity Management Market Segments:

    By 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

    • Others

    By Industry:

    • Oil and gas

    • Power

    • Mining

    • Aerospace

    • Others

    • Asset Integrity Management Market Dynamics

    • Asset Integrity Management Market Size

    • Supply & Demand

    • Current Trends/Issues/Challenges

    • Competition & Companies Involved in the Market

    • Value Chain of the Market

    • Market Drivers and Restraints

     

  • With tables and figures helping analyze worldwide Asset Integrity Management market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Contents

    1. Executive Summary

    2. Asset Integrity Management Market
    2.1. Product Overview
    2.2. Market Definition
    2.3. Segmentation
    2.4. Assumptions and Acronyms

    3. Research Methodology
    3.1. Research Objectives
    3.2. Primary Research
    3.3. Secondary Research
    3.4. Forecast Model
    3.5. Market Size Estimation

    4. Average Pricing Analysis

    5. Macro-Economic Indicators

    6. Market Dynamics
    6.1. Growth Drivers
    6.2. Restraints
    6.3. Opportunity
    6.4. Trends

    7. Correlation & Regression Analysis
    7.1. Correlation Matrix
    7.2. Regression Matrix

    8. Recent Development, Policies & Regulatory Landscape

    9. Risk Analysis
    9.1. Demand Risk Analysis
    9.2. Supply Risk Analysis

    10. Asset Integrity Management Analysis
    10.1. Porters Five Forces
    10.1.1. Threat of New Entrants
    10.1.2. Bargaining Power of Suppliers
    10.1.3. Threat of Substitutes
    10.1.4. Rivalry
    10.2. PEST Analysis
    10.2.1. Political
    10.2.2. Economic
    10.2.3. Social
    10.2.4. Technological

    11. Asset Integrity Management Market
    11.1. Market Size & forecast, 2019A-2030F
    11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12. Asset Integrity Management: Market Segmentation
    12.1. By Regions
    12.2. By Regions
    12.2.1. North America:(U.S. and Canada)
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2. By Service Type: Market Share (2020-2030F)
    12.2.1. Non-Destructive Testing (NDT), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.2. Risk-Based Inspection (RBI), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.3. Corrosion Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.4. Pipeline Integrity Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.5. Hazard Identification (HAZID) Study, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.6. Structural Integrity Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.7. Reliability, Availability, And Maintainability (RAM), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.8. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12.3 By Industry: Market Share (2020-2030F)

    12.3.1. Oil and gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.2. Power, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.3. Mining, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.4. Aerospace, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    13. Company Profile
    13.1.1. SGS AG
    13.1.2. Company Overview
    13.1.3. Company Total Revenue (Financials)
    13.1.4. Market Potential
    13.1.5. Global Presence
    13.1.6. Key Performance Indicators
    13.1.7. SWOT Analysis
    13.1.8. Product Launch
    13.2. Intertek Group Plc.
    13.3. Aker Solutions
    13.4. Bureau Veritas SA
    13.5. Flour Corporation
    13.6. DNV GL AS
    13.7. John Wood Group Plc.
    13.8. Oceaneering International, Inc.
    13.9. Rosen Group
    13.10. Cybernetix Ltd.

    14 Consultant Recommendation
    **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

     

  • The Asset Integrity Management Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • • Intertek Group Plc.
    • • Aker Solutions
    • • Bureau Veritas SA
    • • Flour Corporation
    • • DNV GL AS
    • • John Wood Group Plc.
    • • Oceaneering International, Inc.
    • • Rosen Group
    • • Cybernetix Ltd
    By Regions:
    • North America
    • Latin America
    • Europe
    • APAC and MENA
    By Type:
      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 Overview
      • Asset Integrity Management (AIM) is defined as a system that enables an asset's capacity and potential to be controlled effectively in order to minimize and reduce degradation caused
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    Research objectives

    Where will all these developments take the industry in the long

    To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

    What are the future opportunities in the market?

    To understand the structure of Market by identifying its various subsegments.

    What are the major driving forces expected to impact the development of the market market across different regions?

    To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

    Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

    To project the consumption of market submarkets, with respect to key regions.

    Who are the major driving forces expected to decide the fate of the industry worldwide.

    To strategically profile the key players and comprehensively analyze their growth strategies.

    What are the key barriers and threats believed to hinder the development of the industry?

    To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

    Who are the prominent market players making a mark in the market with their winning strategies?

    To share detailed information about the key factors influencing the growth of the market

    What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

    Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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