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Asset Integrity Management Market Estimated to Expand at a Robust CAGR over 2021-2031 | Rosen Swiss, Metegrity, TWI, Aker Solutions
Asset Integrity Management Market
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Asset Integrity Management (AIM) is a process used to ensure that critical assets are maintained in a safe and reliable condition. It includes activities such as asset inspection, repair and replacement, as well as operational and maintenance procedures.
Key Trends
The key trends in Asset Integrity Management technology are:
Improved data management and analysis capabilities
Increased focus on condition-based monitoring
Improved asset health and performance prediction
Greater use of sensors and other data sources
Key Drivers
There are three key drivers of the asset integrity management market:
1. Increasing emphasis on safety and reliability: With the increasing complexity of industrial operations, there is a growing emphasis on safety and reliability.
2. Stringent regulatory requirements: Regulatory requirements related to safety and environmental protection are becoming more stringent.
3. Rising cost of asset failures: The cost of asset failures is rising due to the increasing complexity of industrial operations. Asset integrity management helps reduce the risk of asset failures and the associated costs.
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Market Segments
The asset integrity management market is segmented by service type, end-user industry, and region. By service type, the market is divided into corrosion management, pipeline integrity management, hazard identification study, structural integrity management, and others. Based on end-user industry, it is bifurcated into oil and gas, power, mining, aerospace, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global asset integrity management market includes players such as Rosen Swiss, Metegrity, TWI, Aker Solutions, Bureau Veritas, SGS, Intertek Group, TechnipFMC, Force Technology, Asset Integrity Engineering, and others.
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Reasons to buy Asset Integrity Management Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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