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Asset Integrity Management Market 2023 - By Industry Trends, Business Growth, Share Analysis And Global Forecast To 2032
Asset Integrity Management Market
Asset Integrity Management Market Size, Growth Rate, And Forecast
The global asset integrity management market size grew from $25.51 billion in 2022 to $28.59 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The asset integrity management market size is expected to grow to $39.84 billion in 2027 at a CAGR of 8.6%.
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Asset Integrity Management Market Drivers
The growing demand for maintaining the assets is expected to fuel the growth of the asset integrity management market in the coming years. The majority of businesses are introducing asset integrity management (AIM) services because it prevents significant harm to people and the community, and improves business efficiency.
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Asset Integrity Management Market Segments
• By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Other Services Types
• By End Use Industry: Oil And Gas, Power, Mining, Aerospace, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Asset Integrity Management market.
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Asset Integrity Management Market Key Players
Major competitors in the Asset Integrity Management market include SGS SA, TWI Ltd., EM&I, LifeTech Engineering Ltd., Aker Solutions ASA, Applus+, DNV GL, John Wood Group PLC, Oceaneering International Inc.
The Business Research Company's "Global Asset Integrity Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Asset Integrity Management Market Include:
1. Executive Summary
2. Asset Integrity Management Market Characteristics
3. Asset Integrity Management Market Trends And Strategies
4. Asset Integrity Management Market - Macro Economic Scenario
5. Asset Integrity Management Market Size And Growth
......................
26. Africa Asset Integrity Management Market
27. Asset Integrity Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asset Integrity Management Market
29. Asset Integrity Management Market Future Outlook and Potential Analysis
30. Appendix
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