SGS (Switzerland), Bureau Veritas (France) and Intertek Group (UK) are leading players in Asset Integrity Management Market
The global asset integrity management market size is expected to grow from USD 20.3 billion in 2021 to USD 25.7 billion by 2026 at a CAGR of 4.9% from 2021–2026. The major factors driving the market growth include the growing demand for asset integrity management in new offshore fields in deep waters, declining efficiencies of aging assets, and the need for securing operational safety in various industries, such as oil & gas and power.
SGS (Switzerland), Bureau Veritas (France), Intertek Group (UK), TechnipFMC (UK), Aker Solutions (Norway), Applus Services (Spain), DNV (Norway), John Wood Group (US), Oceaneering International (US), and Fluor (US) are the major players operating in the asset integrity management market. These players have adopted various growth strategies such as product launches, expansions, partnerships, and acquisitions to increase their presence in the global market.
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SGS
SGS is a provider of inspection, verification, testing, and certification services based in Switzerland. The group operates a network of more than 2,600 laboratories and offices worldwide. SGS operates through eight major business segments: Agriculture, Food & Life; Minerals; Oil, Gas & Chemicals; Consumer & Retail; Certification & Business Enhancement; Industrial; Environment, Health & Safety; and Governments & Institutions.
Bureau Veritas
Bureau Veritas provides testing, inspection, and certification services. The group is recognized and accredited by many national and international organizations. The group operates through six business segments: Marine & Offshore, Agri-Food & Commodities, Industry, Buildings & Infrastructure, Certification, and Consumer Products. Bureau Veritas operates in around 140 countries worldwide through a network of 1,500 offices and laboratories. It has a broad-based portfolio of more than 400,000 clients.
Intertek Group
Intertek Group is a US-based company that provides quality assurance, testing, inspection, and certification services to industries worldwide. The company has more than 1,000 laboratories and offices in about 100 countries worldwide. Intertek Group operates through three major segments: Products, Trade, and Resources. The products segment includes business lines that are focused on ensuring the safety and quality of physical components and products, as well minimizing risk through assessing the quality management systems and operating process of its customers. The trade segment provides services such as analytical assessment, inspection, and technical services that are delivered to the customers through issuing certificates or reports.
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