Asset Integrity Management Market Size

Report Code SE 5529
Published in Apr, 2024, By MarketsandMarkets™
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Asset Integrity Management Market Size, Share & Industry Growth Analysis Report by Service Type (NDT, Risk-based Inspection, Corrosion Management, Pipeline Integrity, Hazard Identification, Structural Integrity Management, Reliability Availability and Maintainability) - Global Forecast to 2029

Overview

The global asset integrity management market size is expected to be valued at USD 23.9 billion in 2024 and is projected to reach USD 31.5 billion by 2029; growing at a CAGR of 5.7% during the forecast period from 2024 to 2029. The asset integrity management industry is witnessing steady growth globally, driven by increasing emphasis on regulatory compliance, safety, and operational efficiency across industries. Factors such as aging infrastructure, stringent regulatory requirements, and technological advancements contribute to market expansion. Industries such as oil and gas, power generation, manufacturing, and aerospace are primary drivers of demand for asset integrity management solutions. Adopting digitalization and IoT technologies is also reshaping the market landscape, enabling real-time monitoring and predictive maintenance strategies. However, challenges such as high installation costs and the complexity of integration hinder widespread adoption.

Attractive Opportunities in the Asset Integrity Management Market

ASIA PACIFIC

Rapid industrialization and infrastructure development, which drives the demand for reliable, safe, and efficient operation of critical assets across various industries, fueling asset integrity management market.

Growing awareness among industries in Asia Pacific about the cost-saving potential of asset integrity management

Integration of cloud-based solutions and IoT devices for enhanced asset management and data analytics gains traction in the Asia Pacific region

Stringent regulatory requirements and the need for compliance and safety in industries

Asia Pacific holds a significant opportunity to lead in technological advancements for EMC shielding and test equipment, catering to evolving industry needs and global regulatory standards.

Global Asset Integrity Management Market Dynamics

DRIVER: Increasing need to maintain aging assets in risk-based industries

The increasing need to maintain aging assets in risk-based industries is a critical driver for asset integrity management. As infrastructure and equipment age, they become more susceptible to deterioration, posing heightened risks to operational reliability and safety. Effective asset integrity management is essential to mitigate risks and ensure regulatory compliance in industries such as oil and gas, petrochemicals, and power generation, where assets are subject to harsh operating conditions.The imperative to prolong asset lifespan and optimize performance necessitates proactive maintenance strategies, leveraging risk-based approaches to prioritize resources and interventions based on asset criticality and potential failure modes. As organizations strive to minimize downtime, enhance safety, and maximize asset value, the increasing focus on maintaining aging assets underscores the significance of asset integrity management solutions in risk-based industries.

RESTRAINT: Complexity and high cost of system installation

The complexity and high installation cost are significant restraints in the asset integrity management market. Implementing asset integrity management systems often involves intricate integration processes, requiring expertise and resources, which can be time-consuming and costly for organizations.Additionally, the initial investment required for installation, including software, hardware, and training, presents financial barriers for some companies and significantly smaller enterprises with limited budgets. As a result, the complexity and expense associated with installation hinder the widespread adoption of asset integrity management solutions, particularly among organizations facing budget constraints or resource limitations.

 

OPPORTUNITY: Expansion of the power sector in emerging economies

Expanding the power sector in emerging nations presents a significant asset integrity management market opportunity. As developing countries undergo rapid industrialization and urbanization, there is a growing demand for reliable and efficient power generation and distribution infrastructure.This expansion necessitates robust asset integrity management practices to ensure the reliability, safety, and regulatory compliance of critical assets such as power plants, transmission lines, and substations. Additionally, emerging economies often lack established asset management frameworks, creating opportunities for asset integrity management providers to offer tailored solutions and expertise to support the development and optimization of power infrastructure in these regions. Asset integrity management companies can leverage growth opportunities and expand their market presence by capitalizing on expanding the power sector in emerging nations.

CHALLENGE: Harsh weather conditions to challenge inspection and monitoring of assets

The challenge of harsh weather conditions poses significant obstacles to inspecting and monitoring assets in the asset integrity management market. In industries such as oil and gas, offshore wind, and maritime, assets are often located in environments characterized by extreme temperatures, high winds, corrosive saltwater, and other adverse weather conditions.These conditions increase the risk of asset degradation and pose challenges for inspection and monitoring activities, as they can impede access to assets and compromise the effectiveness of monitoring equipment. As a result, asset integrity management providers must develop robust strategies and technologies capable of withstanding harsh weather conditions while ensuring accurate and reliable asset assessment to mitigate risks and ensure operational reliability and safety.

Global Asset Integrity Management Market Ecosystem Analysis

The asset integrity management market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TechnipFMC plc (UK), John Wood Group PLC (UK), Fluor Corporation (US) and Baker Hughes Company (US) among others.

 

The Non-destructive testing (NDT) inspection segment by service type is expected to account for the largest asset integrity management market share during the forecast period.

Non-destructive testing (NDT) inspection is expected to dominate the market share during the forecast period due to its critical role in ensuring industrial assets' safety, reliability, and compliance across various sectors. Unlike traditional testing methods that require dismantling or damaging the material being inspected, NDT techniques allow for thorough examination without causing harm, making it a preferred choice for asset evaluation.Its versatility enables the detection of flaws, defects, or weaknesses in materials, welds, and components, providing valuable insights into asset condition without disrupting operations. As industries increasingly prioritize safety, regulatory compliance, and operational efficiency, the demand for NDT inspection services continues to surge, solidifying its position as the leading service type in the asset integrity management market.

The power industry in asset inetegrity management is to hold the largest market share during the forecast period.

The power industry is expected to have the highest market share in the upcoming years due to several reasons. As renewable energy sources are becoming more popular, there's a need for strong asset management to ensure reliability and efficiency.Also, since power infrastructure is aging globally, there's a growing demand for monitoring and maintenance solutions to comply with regulations and reduce risks. Additionally, the increasing need for electricity, especially in emerging economies, leads to investments in power infrastructure, further boosting demand for asset management services. Moreover, the industry's adoption of digitalization and smart grid technologies requires advanced monitoring and maintenance solutions, solidifying its position in the asset management market.Based on plant location offshore oil & gas segment to hold the highest growth rate in the asset integrity management market.The offshore sub-segment within the oil and gas industry is projected to witness the highest CAGR in the market due to various factors. Offshore facilities, including platforms and subsea infrastructure, face unique challenges such as corrosion and extreme environmental conditions, necessitating robust asset integrity management practices.With increasing global energy demand, there's a growing focus on exploring offshore reserves in deeper waters, driving the demand for advanced asset integrity management solutions. Stringent regulatory requirements governing offshore operations further emphasize the need for effective asset management practices.Additionally, the industry's commitment to risk mitigation and operational efficiency reinforces the importance of asset integrity management in the offshore sector, contributing to its anticipated high CAGR in the market.

Asia Pacific Region Holds the Largest share of the Asset Integrity Management Market

The asset integrity management market in the Asia Pacific region will exhibit the highest CAGR during the forecast period.

 
 

Recent Developments of Asset Integrity Management Market industry

  • In October 2023, Applus+ in Italy secures a 3-year Master Agreement for inspection and expediting services with a key Oil & Gas industry player, covering global operations. The agreement involves Applus+ professionals supporting the client, specializing in oil and gas drilling and production solutions. Additionally, Applus+ will provide asset integrity services to ensure compliance with regulatory and voluntary standards for enhanced safety and performance. In May 2023, Fluor Corporation's subsidiary, Stork, secures a five-year contract with Harbour Energy, extending asset integrity services in the North Sea for the AELE hub (Armada, Everest, Lomond, and Erskine) and expanding services to Solan, the J-Area, and the Great Britannia Area. This partnership reinforces Stork's commitment to providing comprehensive asset integrity services in the offshore oil and gas industry. In March 2023, Baker Hughes and BP p.l.c. are collaborating to refine further and develop CordantTM, an integrated suite of solutions for asset performance management and process optimization, emphasizing asset integrity management. This collaboration aims to leverage technology and expertise to enhance the reliability and efficiency of energy infrastructure while minimizing risks associated with asset integrity.
  • In January 2023, Bureau Veritas officially opened its new regional headquarters in Riyadh, solidifying its 30-year presence in Saudi Arabia and emphasizing its dedication to the Middle East's growth, especially in Saudi Arabia and the UAE. The new regional headquarters in Riyadh positions Bureau Veritas to enhance its asset integrity portfolio, facilitating further expansion and development opportunities in the Middle East. In March 2022, Baker Hughes collaborated with C3.ai, Inc., Accenture, and Microsoft, aiming to develop industrial asset management (IAM) solutions leveraging digital technologies to enhance safety, efficiency, and emissions profiles of physical assets in the energy and industrial sectors. This collaboration focuses on optimizing plant equipment, operational processes, and business operations, ultimately contributing to improved uptime, flexibility, capital planning, and energy efficiency management, thereby enhancing asset integrity management practices.

Key Market Players

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 23.9 billion in 2024
Projected Market Size USD 31.5 billion by 2029
Asset Integrity Management Market Growth Rate CAGR of 5.7%
Market size available for years 2020-2029
Base year considered 2023
Forecast period 2024-2029
Forecast units Value (USD Thousand/Million/Billion)
Segments Covered By Service Type, By Industry
Geographies covered North America, Europe, Asia Pacific, and Rest of the world (RoW)
Companies covered The major market players include SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TechnipFMC plc (UK), John Wood Group PLC (UK), Fluor Corporation (US), Baker Hughes Company (US), (Total of 25 players are profiled)

 

Key Questions Addressed by the Report

What are the asset integrity management market's major driving factors and opportunities?
The increasing focus on regulatory compliance drives demand for asset integrity management, while offering opportunities for market expansion. Industries strive to mitigate risks and ensure safety, fostering the adoption of robust asset monitoring and maintenance solutions. This dual emphasis on compliance and risk mitigation presents significant growth potential for asset integrity management providers in various sectors. Leveraging regulatory requirements as catalysts for innovation and operational excellence enhances market competitiveness and profitability.
Which region is expected to hold the highest market share?
North America is poised to hold the highest market share during the forecast period due to its dense concentration of key industries such as oil and gas, manufacturing, and aerospace, necessitating robust asset integrity management practices. Additionally, the region benefits from advanced technological capabilities and a strong regulatory framework, driving the adoption of sophisticated asset monitoring and maintenance solutions.
Who are the leading players in the global asset integrity management market?
Companies such as SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TechnipFMC plc (UK), John Wood Group PLC (UK), Fluor Corporation (US) and Baker Hughes Company (US) are the leading players in the market. Moreover, these companies rely on several strategies, including new product/service launches and developments, collaborations, partnerships, and acquisitions. Such methods give these companies an edge over other players in the market.
What are some of the technological advancements in the market?
Some technology advancements in the asset integrity management market include adopting IoT devices for real-time monitoring, using predictive analytics for proactive maintenance, and implementing drone technology for remote inspections. These advancements enhance asset performance, minimize downtime, and improve operational efficiency by enabling data-driven decision-making and early detection of potential issues.
What is the size of the global asset integrity management market?
The global asset integrity management market was valued at USD 23.9 billion in 2024 and is anticipated to reach USD 31.5 billion at a CAGR of 5.7% during the forecast period.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
24
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
41
PREMIUM INSIGHTS
45
MARKET OVERVIEW
48
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing need to maintain aging assets in risk-based industries
    - Discovery of new resources through deep water exploration
    - Environmental disturbances affecting plant operations
    - Stringent safety regulations and quality control requirements
    RESTRAINTS
    - Complexity and high cost of system installation in some sectors
    OPPORTUNITIES
    - Rising demand for renewable energy
    - Expansion of power sector in emerging economies
    - Increasing integration of automation in oil & gas industry
    - Increasing capacities of oil- and gas-fired power plants
    CHALLENGES
    - Limited availability of skilled workforce
    - Harsh operating environment
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 MARKET ECOSYSTEM
  • 5.5 INVESTMENT AND FUNDING SCENARIO
    NUMBER OF DEALS IN ASSET INTEGRITY MANAGEMENT MARKET
    FUNDING SCENARIO IN ASSET INTEGRITY MANAGEMENT MARKET
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Data Analytics and Machine Learning
    - Remote Monitoring and IoT
    - 3D Laser Scanning and Phased Array Ultrasonic Testing (PAUT)
    COMPLEMENTARY TECHNOLOGIES
    - Cloud Computing
    - Blockchain
    - Augmented Reality and Virtual Reality
    ADJACENT TECHNOLOGIES
    - Environmental Monitoring
    - Energy Harvesting
  • 5.9 PORTER'S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
  • 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.11 CASE STUDY ANALYSIS
    SGS SA CONDUCTS SUITABILITY FOR SERVICE ANALYSIS OF AFFECTED FACILITY IN ENGLAND
    ASSET INTEGRITY ENGINEERING PROVIDES SOLUTION FOR OFFSHORE OIL & GAS FACILITY
    DNV CONDUCTS CORROSION INSPECTION FOR REMAINING LIFE ASSESSMENT OF TRANSMISSION PIPELINES
    DNV EXECUTES ASSESSMENT TO IDENTIFY MAINTENANCE BACKLOG ISSUES
  • 5.12 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS/REGULATIONS
  • 5.14 PATENT ANALYSIS
  • 5.15 KEY CONFERENCES AND EVENTS, 2024–2025
OFFERINGS IN ASSET INTEGRITY MANAGEMENT MARKET
82
  • 6.1 INTRODUCTION
  • 6.2 HARDWARE
  • 6.3 SOFTWARE
  • 6.4 SERVICES
USE CASES IN ASSET INTEGRITY MANAGEMENT MARKET
85
  • 7.1 INTRODUCTION
  • 7.2 VESSELS, PIPING, AND PRESSURE PLANTS
  • 7.3 FIRE AND SAFETY SYSTEMS
  • 7.4 ELECTRICAL SYSTEMS
  • 7.5 ROTATING EQUIPMENT
  • 7.6 RELIEF AND VENT SYSTEMS
  • 7.7 INSTRUMENTATION AND CONTROL SYSTEMS
ASSET INTEGRITY MANAGEMENT MARKET METHODOLOGIES
89
  • 8.1 INTRODUCTION
  • 8.2 RELIABILITY-CENTERED MAINTENANCE
  • 8.3 ROOT CAUSE ANALYSIS
  • 8.4 RELIABILITY ANALYTICS
  • 8.5 LIFE CYCLE ASSESSMENT/EXTENSION
  • 8.6 FITNESS FOR SERVICE
  • 8.7 FAILURE MODES, EFFECTS, AND CRITICALITY ANALYSIS
  • 8.8 FINITE ELEMENT ANALYSIS
  • 8.9 SAFETY INTEGRITY LEVEL STUDY
ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE
93
  • 9.1 INTRODUCTION
  • 9.2 RISK-BASED INSPECTION
    HIGHER NEED FOR RISK ASSESSMENTS IN OIL & GAS INDUSTRY TO FUEL SEGMENT GROWTH
  • 9.3 NON-DESTRUCTIVE TESTING INSPECTION
    INCREASING ADOPTION OF ADVANCED TECHNOLOGIES TO BOOST MARKET GROWTH
  • 9.4 CORROSION MANAGEMENT
    NEED TO MAINTAIN AGING INFRASTRUCTURE AND MITIGATE LOSSES TO DRIVE MARKET
  • 9.5 PIPELINE INTEGRITY MANAGEMENT
    RISING IMPORTANCE OF EFFECTIVE MANAGEMENT FOR FAILURE PREVENTION TO BOOST SEGMENT
  • 9.6 HAZARD IDENTIFICATION STUDY
    AWARENESS ABOUT CRITICALITY OF PROACTIVE HAZARD IDENTIFICATION AND RISK MANAGEMENT TO FUEL DEMAND
  • 9.7 STRUCTURAL INTEGRITY MANAGEMENT
    SEGMENT GROWTH DRIVEN BY COMPLIANCE REQUIREMENTS
  • 9.8 RELIABILITY, AVAILABILITY, AND MAINTAINABILITY (RAM) STUDY
    TECHNOLOGICAL ADVANCEMENTS BOOST SEGMENT GROWTH
  • 9.9 OTHER SERVICE TYPES
ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY
115
  • 10.1 INTRODUCTION
  • 10.2 OIL & GAS
    OIL & GAS INDUSTRY, BY PLANT LOCATION
    - Onshore
    - Offshore
    - Subsea
    OIL & GAS INDUSTRY, BY OPERATING SECTOR
    - Upstream
    - Midstream
    - Downstream
  • 10.3 POWER
    INCREASING NEED TO MITIGATE RISKS ASSOCIATED WITH EQUIPMENT FAILURES IN POWER PLANTS TO FUEL MARKET GROWTH
    RENEWABLE ENERGY POWER PLANTS
    - Geothermal Energy
    - Wind Energy
    - Hydropower Energy
    - Solar Energy
    - Biomass Energy
    - Tidal Energy
    CONVENTIONAL ENERGY POWER PLANTS
    - Nuclear
    - Coal
    - Fuel Oil
    - Natural Gas
    - Waste-fired Thermal Power Plants
  • 10.4 MINING
    RISING ADOPTION OF PREVENTIVE MAINTENANCE IN MINING TO FUEL REVENUE GROWTH
  • 10.5 AEROSPACE
    INCREASING COMPLIANCE AND SAFETY REQUIREMENTS TO COMPLEMENT SEGMENT GROWTH
  • 10.6 OTHERS
ASSET INTEGRITY MANAGEMENT MARKET, BY REGION
133
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    US
    - Stringent industry regulations to boost market growth
    CANADA
    - Surging demand for AIM services from oil & gas industry to drive market in Canada
    MEXICO
    - Potential investments in oil & gas sector to foster market growth
    NORTH AMERICA: RECESSION IMPACT
  • 11.3 EUROPE
    UK
    - Increasing focus on development of renewable energy sources to drive market growth
    GERMANY
    - Rising need to manage existing infrastructure and plant assets to fuel growth
    FRANCE
    - Robust infrastructural growth in renewable energy to fuel growth
    NORWAY
    - Need for asset integrity from established oil & gas industry and growing process industries to fuel market expansion
    REST OF EUROPE
    EUROPE: RECESSION IMPACT
  • 11.4 ASIA PACIFIC
    CHINA
    - Large mining industry and growing power generation projects to boost market
    JAPAN
    - Essentiality of oil & gas to mitigate energy demand complements market growth
    INDIA
    - Higher energy demand and introduction of new oil extraction projects boost market growth
    REST OF ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT
  • 11.5 ROW
    MIDDLE EAST
    - GCC Countries
    - Rest of Middle East
    AFRICA
    - Significant growth in mining industry to fuel adoption
    SOUTH AMERICA
    - Need for efficient operation of oil & gas infrastructure to drive market growth
    ROW: RECESSION IMPACT
COMPETITIVE LANDSCAPE
161
  • 12.1 OVERVIEW
  • 12.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • 12.3 MARKET SHARE ANALYSIS, 2023
  • 12.4 COMPANY REVENUE ANALYSIS, 2018–2022
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.6 PRODUCT/BRAND COMPARISON
  • 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Service type footprint
    - Industry footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
    - Key startups/SMEs
    - Competitive benchmarking of startups/SMEs
  • 12.9 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHERS
COMPANY PROFILES
186
  • 13.1 KEY PLAYERS
    SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    BUREAU VERITAS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    TECHNIPFMC PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    JOHN WOOD GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    FLUOR CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    BAKER HUGHES COMPANY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    INTERTEK GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AKER SOLUTIONS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    APPLUS+
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DNV AS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    OCEANEERING INTERNATIONAL, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 13.2 OTHER PLAYERS
    TÜV SÜD
    ROSEN SWISS AG
    LIFETECH ENGINEERING LTD
    EM&I
    METEGRITY INC.
    FORCE TECHNOLOGY
    TWI LTD.
    OES
    BELL ENERGY
    ABS GROUP OF COMPANIES, INC.
    VELOSI ASSET INTEGRITY LTD
    AXESS GROUP
    ELEMENT MATERIALS TECHNOLOGY
    RINA
    ASSET INTEGRITY ENGINEERING
APPENDIX
245
  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 ASSET INTEGRITY MANAGEMENT MARKET: RISK ASSESSMENT
  • TABLE 2 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON ASSET INTEGRITY MANAGEMENT MARKET
  • TABLE 3 COMPANIES AND THEIR ROLE IN ASSET INTEGRITY MANAGEMENT ECOSYSTEM
  • TABLE 4 AVERAGE SELLING PRICE OF INSPECTION AND TESTING SERVICES IN ASSET INTEGRITY MANAGEMENT PROVIDED BY TWO KEY PLAYERS (USD/HR)
  • TABLE 5 ASSET INTEGRITY MANAGEMENT MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES
  • TABLE 7 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
  • TABLE 8 MFN TARIFF FOR HS CODE 9026-COMPLIANT PRODUCTS EXPORTED BY MEXICO
  • TABLE 9 MFN TARIFF FOR HS CODE 9026-COMPLIANT PRODUCTS EXPORTED BY BRAZIL
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 NORTH AMERICA: STANDARDS/REGULATIONS
  • TABLE 15 EUROPE: STANDARDS/REGULATIONS
  • TABLE 16 ASIA PACIFIC: STANDARDS/REGULATIONS
  • TABLE 17 ROW: STANDARDS/REGULATIONS
  • TABLE 18 ASSET INTEGRITY MANAGEMENT MARKET: KEY PATENTS, 2020–2023
  • TABLE 19 ASSET INTEGRITY MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 20 ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD BILLION)
  • TABLE 21 ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD BILLION)
  • TABLE 22 RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 23 RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 24 RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 25 RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 26 NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 27 NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 28 NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 29 NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 30 CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 31 CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 32 CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 33 CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 34 PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 35 PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 36 PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 37 PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 38 HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 39 HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 40 HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 41 HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 42 STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 43 STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 44 STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 45 STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 46 RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 47 RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 48 RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 49 RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 50 OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 51 OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 52 OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 53 OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 54 ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 55 ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 56 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 57 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 58 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 59 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 60 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION, 2020–2023 (USD BILLION)
  • TABLE 61 OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION, 2024–2029 (USD BILLION)
  • TABLE 62 POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 63 POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 64 POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020– 2023 (USD BILLION)
  • TABLE 65 POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 66 MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 67 MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 68 MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 69 MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 70 AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 71 AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 72 AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 73 AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 74 OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 75 OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 76 OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 ASSET INTEGRITY MANAGEMENT MARKET, 2020–2023 (USD BILLION)
  • TABLE 79 ASSET INTEGRITY MANAGEMENT MARKET, 2024–2029 (USD BILLION)
  • TABLE 80 ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 81 ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 82 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 83 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 84 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 85 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 86 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 87 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 88 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 89 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 90 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 91 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 92 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 93 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 94 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 95 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 96 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 97 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 98 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)
  • TABLE 99 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)
  • TABLE 100 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 101 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 102 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
  • TABLE 103 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
  • TABLE 104 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 105 ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 106 MIDDLE EAST: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 107 MIDDLE EAST: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 108 GCC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 109 GCC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 110 ASSET INTEGRITY MANAGEMENT MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • TABLE 111 ASSET INTEGRITY MANAGEMENT MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 112 ASSET INTEGRITY MANAGEMENT MARKET: REGION FOOTPRINT
  • TABLE 113 ASSET INTEGRITY MANAGEMENT MARKET: SERVICE TYPE FOOTPRINT
  • TABLE 114 ASSET INTEGRITY MANAGEMENT MARKET: INDUSTRY FOOTPRINT
  • TABLE 115 ASSET INTEGRITY MANAGEMENT MARKET: KEY STARTUPS/SMES
  • TABLE 116 ASSET INTEGRITY MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • TABLE 117 ASSET INTEGRITY MANAGEMENT MARKET: PRODUCT LAUNCHES, MARCH 2020–FEBRUARY 2024
  • TABLE 118 ASSET INTEGRITY MANAGEMENT MARKET: DEALS, MARCH 2020–FEBRUARY 2024
  • TABLE 119 ASSET INTEGRITY MANAGEMENT MARKET: EXPANSIONS, MARCH 2020–FEBRUARY 2024
  • TABLE 120 ASSET INTEGRITY MANAGEMENT MARKET: OTHERS, MARCH 2020–FEBRUARY 2024
  • TABLE 121 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: COMPANY OVERVIEW
  • TABLE 122 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 123 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: DEALS
  • TABLE 124 BUREAU VERITAS: COMPANY OVERVIEW
  • TABLE 125 BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 126 BUREAU VERITAS: EXPANSIONS
  • TABLE 127 BUREAU VERITAS: OTHERS
  • TABLE 128 TECHNIPFMC PLC: COMPANY OVERVIEW
  • TABLE 129 TECHNIPFMC PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 130 TECHNIPFMC PLC: PRODUCT LAUNCHES
  • TABLE 131 JOHN WOOD GROUP PLC: COMPANY OVERVIEW
  • TABLE 132 JOHN WOOD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 JOHN WOOD GROUP PLC: DEALS
  • TABLE 134 JOHN WOOD GROUP PLC: OTHERS
  • TABLE 135 FLUOR CORPORATION: COMPANY OVERVIEW
  • TABLE 136 FLUOR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 137 FLUOR CORPORATION: EXPANSIONS
  • TABLE 138 FLUOR CORPORATION: OTHERS
  • TABLE 139 BAKER HUGHES COMPANY: COMPANY OVERVIEW
  • TABLE 140 BAKER HUGHES COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 141 BAKER HUGHES COMPANY: DEALS
  • TABLE 142 INTERTEK GROUP PLC: COMPANY OVERVIEW
  • TABLE 143 INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 144 INTERTEK GROUP PLC: PRODUCT LAUNCHES
  • TABLE 145 INTERTEK GROUP PLC: DEALS
  • TABLE 146 INTERTEK GROUP PLC: EXPANSIONS
  • TABLE 147 INTERTEK GROUP PLC: OTHERS
  • TABLE 148 AKER SOLUTIONS: COMPANY OVERVIEW
  • TABLE 149 AKER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 150 AKER SOLUTIONS: OTHERS
  • TABLE 151 APPLUS+: COMPANY OVERVIEW
  • TABLE 152 APPLUS+: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 153 APPLUS+: DEALS
  • TABLE 154 APPLUS+: EXPANSIONS
  • TABLE 155 APPLUS+: OTHERS
  • TABLE 156 DNV AS: COMPANY OVERVIEW
  • TABLE 157 DNV AS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 158 DNV AS: DEALS
  • TABLE 159 DNV AS: EXPANSIONS
  • TABLE 160 OCEANEERING INTERNATIONAL, INC.: COMPANY OVERVIEW
  • TABLE 161 OCEANEERING INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 162 OCEANEERING INTERNATIONAL, INC.: DEALS
  • TABLE 163 OCEANEERING INTERNATIONAL, INC.: OTHERS
LIST OF FIGURES
 
  • FIGURE 1 ASSET INTEGRITY MANAGEMENT MARKET SEGMENTATION
  • FIGURE 2 ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH DESIGN
  • FIGURE 3 ASSET INTEGRITY MANAGEMENT MARKET SIZE ESTIMATION METHODOLOGY
  • FIGURE 4 ASSET INTEGRITY MANAGEMENT MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
  • FIGURE 5 ASSET INTEGRITY MANAGEMENT MARKET: TOP-DOWN APPROACH
  • FIGURE 6 ASSET INTEGRITY MANAGEMENT MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 7 ASSET INTEGRITY MANAGEMENT MARKET: DATA TRIANGULATION
  • FIGURE 8 ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH ASSUMPTIONS
  • FIGURE 9 ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH LIMITATIONS
  • FIGURE 10 NON-DESTRUCTIVE TESTING INSPECTION TO ACCOUNT FOR LARGER SHARE THROUGHOUT FORECAST PERIOD
  • FIGURE 11 OFFSHORE PLANTS WITHIN OIL & GAS INDUSTRY TO CAPTURE DOMINANT SHARE BY 2029
  • FIGURE 12 POWER INDUSTRY TO COMMAND ASSET INTEGRITY MANAGEMENT MARKET BY 2029
  • FIGURE 13 NORTH AMERICA HELD LARGEST SHARE OF ASSET INTEGRITY MANAGEMENT MARKET IN 2023
  • FIGURE 14 ROBUST INDUSTRIAL ENVIRONMENT TO CREATE SIGNIFICANT GROWTH OPPORTUNITIES FOR MARKET PLAYERS
  • FIGURE 15 US AND OIL & GAS TO HOLD LARGEST SHARE OF NORTH AMERICAN ASSET INTEGRITY MANAGEMENT MARKET IN 2024
  • FIGURE 16 NON-DESTRUCTIVE TESTING INSPECTION TO ACCOUNT FOR LARGEST MARKET SHARE BY 2029
  • FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD
  • FIGURE 18 ASSET INTEGRITY MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19 ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 20 POTENTIAL RISKS POSED BY CLIMATIC CHANGES TO OIL & GAS INDUSTRY
  • FIGURE 21 ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 22 ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 23 ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 24 ASSET INTEGRITY MANAGEMENT MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 25 ASSET INTEGRITY MANAGEMENT ECOSYSTEM
  • FIGURE 26 ASSET INTEGRITY MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 27 AVERAGE SELLING PRICE OF INSPECTION AND TESTING SERVICES IN ASSET INTEGRITY MANAGEMENT PROVIDED BY TWO KEY PLAYERS (USD/HR)
  • FIGURE 28 AVERAGE SELLING PRICE TREND, BY REGION (USD)
  • FIGURE 29 ASSET INTEGRITY MANAGEMENT MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES
  • FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
  • FIGURE 32 IMPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 33 EXPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 34 ASSET INTEGRITY MANAGEMENT MARKET: PATENTS APPLIED AND GRANTED, 2014–2023
  • FIGURE 35 OFFERINGS IN ASSET INTEGRITY MANAGEMENT MARKET
  • FIGURE 36 NON-DESTRUCTIVE TESTING INSPECTION TO LEAD ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD
  • FIGURE 37 INTERNATIONAL STANDARDS AND RECOMMENDED PRACTICES FOR IMPLEMENTATION OF RBI
  • FIGURE 38 METHODS OF NON-DESTRUCTIVE TESTING
  • FIGURE 39 TYPES OF CORROSION
  • FIGURE 40 ELEMENTS OF CORROSION MANAGEMENT
  • FIGURE 41 PROCESS OF STRUCTURAL INTEGRITY MANAGEMENT
  • FIGURE 42 POWER INDUSTRY TO REGISTER HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD
  • FIGURE 43 TYPES OF ASSETS IN OIL & GAS PLANTS
  • FIGURE 44 ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION
  • FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD
  • FIGURE 46 NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT
  • FIGURE 47 EUROPE: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT
  • FIGURE 48 ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT
  • FIGURE 49 ASSET INTEGRITY MANAGEMENT MARKET SHARE ANALYSIS, 2023
  • FIGURE 50 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
  • FIGURE 51 COMPANY VALUATION, 2022 (USD MILLION)
  • FIGURE 52 FINANCIAL METRICS (EV/EBITDA), 2022
  • FIGURE 53 PRODUCT/BRAND COMPARISON
  • FIGURE 54 ASSET INTEGRITY MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 55 ASSET INTEGRITY MANAGEMENT MARKET: COMPANY FOOTPRINT
  • FIGURE 56 ASSET INTEGRITY MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 57 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: COMPANY SNAPSHOT
  • FIGURE 58 BUREAU VERITAS: COMPANY SNAPSHOT
  • FIGURE 59 TECHNIPFMC PLC: COMPANY SNAPSHOT
  • FIGURE 60 JOHN WOOD GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 61 FLUOR CORPORATION: COMPANY SNAPSHOT
  • FIGURE 62 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
  • FIGURE 63 INTERTEK GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 64 AKER SOLUTIONS: COMPANY SNAPSHOT
  • FIGURE 65 APPLUS+: COMPANY SNAPSHOT
  • FIGURE 66 DNV AS: COMPANY SNAPSHOT
  • FIGURE 67 OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the asset integrity management market. Exhaustive secondary research collected information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain critical information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

List of major secondary sources

Source

Web Link

American Society of Mechanical Engineers (ASME)

https://www.asme.org/

Occupational Safety and Health Administration (OSHA)

https://www.osha.gov/

International Energy Agency (IEA)

https://www.iea.org/

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the asset integrity management market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Asset Integrity Management Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.

Bottom-Up Approach

The bottom-up approach was used to determine the overall size of the asset integrity management market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.

  • Identifying entities in the asset integrity value chain influencing the entire asset integrity management industry
  • Analyzing each entity, along with related major companies
  • Identifying technology providers for the implementation of products
  • Estimating the market for asset integrity management end users
  • Tracking ongoing and upcoming implementation of asset integrity management service developments by various companies and forecasting the market based on these developments and other critical parameters
  • Arriving at the market size by analyzing asset integrity management companies based on their countries and then combining it to get the market estimate by region
  • Verifying estimates and crosschecking them through a discussion with key opinion leaders, including chief experience officers (CXOs), directors, and operation managers

Asset Integrity Management Market
 Size, and Bottom-Up Approach

Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.

The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.

Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.

  • Focusing initially on topline investments by market players in the asset integrity management ecosystem
  • Calculating the market size based on the revenue generated by market players through the sales of asset integrity management
  • Mapping the use of asset integrity management in different applications
  • Building and developing the information related to the revenue generated by market players through key products
  • Estimating the geographic split using secondary sources considering factors such as the number of players in a specific country and region, the role of major players in developing innovative products, and adoption and penetration rates for various methods and end-user industries in a particular country

Asset Integrity Management Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

Asset Integrity Management (AIM) refers to a systematic approach that ensures the reliability, safety, and performance of critical assets throughout their operational lifecycle. It involves comprehensive strategies and practices aimed at assessing, monitoring, and maintaining the integrity of assets such as infrastructure, equipment, and facilities. By implementing risk-based inspection, non-destructive testing, corrosion management, and other techniques, AIM aims to mitigate operational risks, enhance asset lifespan, comply with regulatory requirements, and optimize asset performance and reliability, ultimately contributing to the overall operational efficiency and sustainability of industries such as oil and gas, power generation, and manufacturing.

Key Stakeholders

  • Oil and Gas Refinery Companies
  • Asset Integrity Management Service Providers
  • Asset Integrity Software Developers
  • Asset Integrity Management Consultants
  • Research Organizations and Consulting Companies
  • Technology Investors
  • Technology Standard Organizations, Forums, Alliances, and Associations

Report Objectives

  • To describe and forecast the asset integrity management market in terms of value by service type, industry, and region
  • To forecast the market, in terms of value, for various segments concerning four main regions: North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the asset integrity management market
  • To analyze the micromarkets1 concerning individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain and allied industry segments and perform a value chain analysis of the asset integrity management landscape
  • To strategically analyze the regulatory landscape, tariff, standards, patents, Porter’s five forces, import and export scenarios, trade values, and case studies pertaining to the market under study
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the asset integrity management market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments, such as partnerships and joint ventures, mergers and acquisitions, product/service developments, expansions, and research and development, in the asset integrity management market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the asset integrity management market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the asset integrity management market.

Previous Versions of this Report

Asset Integrity Management Market with COVID-19 Impact Analysis by Service Type (NDT, RBI, Corrosion Management, Pipeline Integrity Management, HAZID Study, Structural Integrity Management, RAM Study), Industry and Region - Global Forecast to 2026

Report Code SE 5529
Published in Jan, 2022, By MarketsandMarkets™

Asset Integrity Management Market with COVID-19 Impact Analysis by Service Type (NDT, RBI, Corrosion Management, Pipeline Integrity Management, HAZID Study, Structural Integrity Management, RAM Study), Industry and Region - Global Forecast to 2026

Report Code SE 5529
Published in Nov, 2020, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Asset Integrity Management Market

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