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3. Asset Integrity Management Companies - SGS Société Générale de Surveillance SA (Switzerland) and Bureau Veritas (France) are the Key Players

The global asset integrity management market is expected to be valued at USD 23.9 billion in 2024 and is projected to reach USD 31.5 billion by 2029; it is expected to grow at a CAGR of 5.7% from 2024 to 2029. Market participants have adeptly addressed rising asset integrity management demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products/services, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.

Key players operating in the asset integrity management market are SGS Société Générale de Surveillance SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TechnipFMC plc (UK), Aker Solutions (Norway), Applus+ (Spain), DNV AS (Norway), John Wood Group PLC (UK), Oceaneering International, Inc. (US), Fluor Corporation (US), Baker Hughes Company (US), TÜV SÜD (Germany), ROSEN Swiss AG (Switzerland), LifeTech Engineering Ltd (UK), EM&I (Brazil), Metegrity Inc. (Canada), FORCE Technology (Norway), TWI Ltd. (UK), OES (UAE), Bell Energy (UK), ABS Group of Companies, Inc. (US), Velosi Asset Integrity Ltd (UAE), Axess Group (Norway), Element Materials Technology (UK), RINA (Italy), and Asset Integrity Engineering (UAE)

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Major Asset Integrity Management companies include:

• SGS Société Générale de Surveillance SA. (Switzerland)
• Bureau Veritas (France)
• Intertek Group plc (UK)
• TechnipFMC plc (UK)
• Aker Solutions (Norway)
• Applus+ (Spain)
• DNV AS (Norway)
• John Wood Group PLC (UK)
• Oceaneering International, Inc. (US)
• Fluor Corporation (US)
• Baker Hughes Company (US)

SGS Société Générale de Surveillance SA. (Switzerland)

SGS (Société Générale de Surveillance SA), headquartered in Geneva, Switzerland, is a leading global provider of inspection, verification, testing, certification services, and asset integrity management solutions. Established in 1878, SGS operates an extensive network of offices and laboratories worldwide, serving industries ranging from agriculture to automotive, chemicals to consumer goods, and beyond. With a focus on ensuring quality, safety, and sustainability, SGS enables businesses to comply with regulations, mitigate risks, and build stakeholder trust. SGS's expertise in asset integrity management ensures critical asset reliability, safety, and performance, contributing to the operational efficiency and longevity of infrastructure and industrial facilities worldwide. Through its commitment to innovation and integrity, SGS plays a vital role in facilitating international trade and advancing global sustainability efforts.

Bureau Veritas (France)

Bureau Veritas, headquartered in France, is a globally renowned leader in testing, inspection, and certification services. Established in 1828, Bureau Veritas operates across a wide spectrum of industries, including construction, oil and gas, maritime, aerospace, automotive, and more. With a vast network of offices and laboratories spanning over 140 countries, Bureau Veritas offers comprehensive solutions to ensure compliance with regulations, mitigate risks, and enhance product quality, safety, and sustainability, assets, and operations. In particular, Bureau Veritas is widely recognized for its expertise in asset integrity management. It provides tailored solutions to assess, monitor, and maintain the integrity of critical assets such as pipelines, refineries, offshore platforms, and industrial facilities. Leveraging advanced technologies and a wealth of industry experience, Bureau Veritas helps clients optimize asset performance, minimize downtime, and ensure operational excellence, thus contributing to the reliability and longevity of infrastructure worldwide.

TechnipFMC plc (UK)

TechnipFMC plc, headquartered in London, United Kingdom, is a global leader in the energy industry, offering innovative solutions for oil and gas exploration, production, and processing. Formed through the merger of Technip and FMC Technologies in 2017, the company operates in over 48 countries. With a focus on engineering, procurement, construction, and project management, TechnipFMC excels in asset integrity management, providing advanced solutions to assess, monitor, and maintain critical assets such as subsea infrastructure, offshore platforms, pipelines, and refineries. Leveraging cutting-edge technologies and industry expertise, TechnipFMC helps clients optimize asset performance, enhance safety, and ensure regulatory compliance, contributing to the reliability and sustainability of energy operations worldwide.

John Wood Group PLC (UK)

John Wood Group PLC, headquartered in Aberdeen, United Kingdom, is a global leader in the energy industry's engineering, procurement, construction, and maintenance services. With operations in over 60 countries, Wood Group provides comprehensive solutions including asset integrity management. Their expertise ensures assessing, monitoring, and maintaining critical assets such as offshore platforms, pipelines, and industrial facilities, optimizing performance, minimizing downtime, and ensuring regulatory compliance for energy operations worldwide.

Fluor Corporation (US)

Fluor Corporation, based in Irving, Texas, USA, is a renowned global engineering, procurement, fabrication, construction, and maintenance company with a rich history spanning over a century. Founded in 1912, Fluor has evolved into a leader in providing innovative solutions across diverse industries, including energy, infrastructure, manufacturing, mining, and more. The company's comprehensive services encompass every stage of project development, from conceptual design to asset integrity management and ongoing operational support. Fluor's involvement in asset integrity management is particularly notable, as it leverages advanced technologies and industry expertise to assess, monitor, and maintain the integrity of critical assets such as refineries, petrochemical plants, pipelines, and offshore installations. Through its tailored solutions, Fluor helps clients optimize asset performance, enhance safety, and ensure regulatory compliance, contributing to the reliability and sustainability of energy and industrial operations worldwide.

Related Reports:

Asset Integrity Management Market by Service Type (NDT, Risk-based Inspection, Corrosion Management, Pipeline Integrity, Hazard Identification, Structural Integrity Management, Reliability Availability and Maintainability) - Global Forecast to 2029

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