Plant Asset Management (PAM)Market Competitive Landscape and Highlighted Key Acquisitions 2022 | Top Industry Leaders - ABB, Rockwell automation, Honeywell, Hitachi, IBM, Siemens, Dassault Systemes

The report on the global Plant Asset Management market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Plant asset management is the process of optimizing field devices and monitoring information used to integrate with business operations and IT infrastructure. This improves the business operating performance and also reduces maintenance cost and paper work. Major companies such as IBM, Rockwell Automation, and Siemens among others are providing asset management solutions to improve the overall performance of the enterprises.

The major factor that drives the growth of plant asset management market is growing awareness about low cost manufacturing plants, changing consumer needs, rising new business models for enterprise asset management and increasing trends of merging IT and operational technology among others.

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Major Key Players
• ABB Ltd. (Switzerland),
• Rockwell Automation, Inc. (U.S.),
• IBM Corporation (U.S.),
• Endress +Hauser (Switzerland),
• Honeywell International, Inc. (U.S.),
• Emerson Electric Company (U.S.),
• Siemens AG (Germany),
• Hitachi Ltd. (Japan),
• Dassault Systemes (France),
• Plant Asset Management (Petrofac) (UK).

Globally the Industry for Plant Asset Management Market is expected to grow at the rate of more than 10% from 2016 to 2022.

Competitive Dashboard:

The key players competing in the market to garner share of revenue generated have been profiled by MRFR which includes ABB Ltd. (Switzerland), Rockwell Automation, Inc. (U.S.), IBM Corporation (U.S.), Endress +Hauser (Switzerland), Honeywell International, Inc. (U.S.), Emerson Electric Company (U.S.), Siemens AG (Germany), Hitachi Ltd. (Japan), Dassault Systemes (France), and, Plant Asset Management (Petrofac) (UK). The competitive landscape of the market reveals that the players employ strategies such as collaborations, expansion of product portfolios, acquisitions & mergers, innovation, etc. for strengthening foothold in the market.

Segmentation:

By type, the Plant asset management market has been segmented into hardware, and, software.
By services, the market is segmented into performance management, monitoring & controlling, information management, device configuration, and, content management.
By application, the market has been segmented into energy & power, petrochemical, Chemical, mining, food & beverage, and, pharmaceutical.

Regional Analysis:

By region, the market has been segmented into North America, Europe, Asia Pacific, and, Middle East & Africa. North America market will be the primary revenue contributor in the global market. Industrialization started early in this region, and, with the advancements in technology, the sector has been evolving for betterment. The need for obtaining optimum performances from industries has facilitated the adoption of plant asset management in the market. The key driver of the market is the demand from aging plants that require to be integrated with plant asset management solution for efficient performances.
Asia Pacific is poised to be the second largest market for plant asset management due to the focus of the region towards rapid industrialization. The economies of the region are being pushed to be self-sufficient by making way for industrialization. Therefore, application of plant asset management comes naturally to the industry leaders for making the best use of the resources available. Europe region trails Asia Pacific in terms of revenue generated from the market. The benefits of utilization of plant asset management such as optimum performance, lower cost, adaption with changes in the market, etc. are fueling demand in Europe. The robust growth to be witnessed in the global market over the next couple of years will push the demand to grow in the Middle East & Africa region.

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Target Audience:

• Design engineering information management
• Supply chain vendors
• Research & consultants
• PAM software solution providers
• Retailer and distributor
• Government

Table of Content

11. Company profile
11.1 ABB Ltd. (Switzerland)
11.1.1. Company Overview
11.1.2. Product/Business Segment Overview
11.1.3. Financials
11.1.4. Key Developments
11.2 Emerson electric company (U.S.)
11.2.1. Company Overview
11.2.2. Product/Business Segment Overview
11.2.3. Financials
11.2.4. Key Developments
11.3 Rockwell automation, Inc. (U.S.)
11.3.1. Company Overview
Continued…..

List of Tables
TABLE 1 GLOBAL PLANT ASSET MANAGEMENT MARKET (USD BILLION)
TABLE 2 GLOBAL PLANT ASSET MANAGEMENT MARKET, BY TYPE
TABLE 3 GLOBAL HARDWARE MARKETS, BY REGION
TABLE 4 GLOBAL SOFTWARE MARKET, BY REGION
TABLE 5 GLOBAL PLANT ASSET MANAGEMENT MARKET, BY APPLICATION
Continued…..

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List of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 DRIVERS OF GLOBAL PLANT ASSET MANAGEMENT MARKET
FIGURE 3 GLOBAL PLANT ASSET MANAGEMENT MARKET: BY TYPE (%)
FIGURE 4 GLOBAL PLANT ASSET MANAGEMENT MARKET: BY APPLICATION (%)
Continued….

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