Asset Integrity Management Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Asset Integrity Management Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Asset Integrity Management market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Asset Integrity Management Reports Highlights
What is the size of the Asset Integrity Management Market?
The Global Asset Integrity Management market is projected to grow at a CAGR of around 5.67% during the forecast period, i.e., 2023-2028. The market growth is supported by factors such as aging equipment of industrial assets like offshore oil refineries, chemical processing plants, etc., that would require servicing, regular inspection, and proper maintenance. Additionally, the government & organizations across the globe keep on updating their standards & practices for the operations of industrial physical assets. Therefore, changing safety regulations, quality control requirements, and protocols associated with managing industrial physical assets like chemical plants, oil & gas refineries, etc., would further augment the demand for asset integrity management services in the future.
What do the growth prospects and trends look like in the Asset Integrity Management Industry?
Growing demand for clean energy in a variety of industry verticals, such as steel manufacturing & ammonia production, has resulted in a significant rise in clean energy production in recent years. This could be attributed to industries’ growing preference for clean energy, such as nuclear & hydrogen energy, to meet energy demand rather than petroleum-based products.
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What Components are encompassed within Asset Integrity Management Market segmentation?
The report has divided the market into the following segments:
-Pipeline Integrity Management
-Structural Integrity Management
-Reliability, Availability, And Maintainability Study
-Others (Fitness for Service, Material Property Verification, etc.)
By End User Industries
-Oil & Gas
-Others (Marine, Construction, Transportation, etc.)
-The Middle East & Africa
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Aker Solutions ASA
-Bureau Veritas S.A.
-Intertek Group PLC
-John Wood Group
-LifeTech Engineering Ltd.
-ROSEN Swiss AG
-Others (Mistras Group Inc., Asset Integrity Engineering, etc)
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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