Asset Integrity Management Services Market Trends Evaluation, Geographical Segmentation, Business Challenges, and Investment Opportunities Analysis till 2027

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Latest market study on "Asset Integrity Management Control Market to 2027 by Service Type (Non-Destructive Testing (NDT) Inspection, Corrosion Management, Pipeline Integrity Management, Structural Integrity Management, Risk-Based Inspection (RBI), Hazard Identification (HAZID) Study, Reliability-Availability-Maintainability (RAM) Study, Forensic Engineering, and Failure Analysis Services); Industry (Oil & Gas, Power, Marine, Mining, Aerospace, and Others) - Global Analysis and Forecast", the asset integrity management services market is estimated to reach US$ 37.92 Bn by 2027 from US$ 17.95 Bn in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The asset integrity management service market is segmented on basis of different types of services such as Non-Destructive Testing (NDT) Inspection, Corrosion Management, Pipeline Integrity Management, Structural Integrity Management, Risk-Based Inspection (RBI), Hazard Identification (HAZID) Study, Reliability-Availability-Maintainability (RAM) Study, Forensic Engineering, and Failure Analysis Services. The NDT inspection have a wide area of application owing to their ability to provide assessment without creating any disturbance to the ongoing processes or destructing the assets. Major industrial facades including energy & power plants, and on-shore and off-shore oil & gas productions. However, ageing infrastructure not only of industrial equipment by also of the civil structures such as water supply pipelines, buildings, manufacturing hubs among others are expected to increasingly drive the demand for corrosion management AIM services.

The report segments the global Market as follows:

By Service Type (Non-Destructive Testing (NDT) Inspection, Corrosion Management, Pipeline Integrity Management, Structural Integrity Management, Risk-Based Inspection (RBI), Hazard Identification (HAZID) Study, Reliability-Availability-Maintainability (RAM) Study, Forensic Engineering, and Failure Analysis Services); Industry (Oil & Gas, Power, Marine, Mining, Aerospace, and Others)
By Geography

The demand for NDT testing is consistently high across industries in the developing countries and developed nation attributing to the fact that, the procedure provides enhanced reports with higher accuracy, reliable data and improved probability of detection (PoD). Additionally, the easy affordability factor of NDT testing / inspection helps the industries to opt for the same. Moreover, this type of inspection facilitates the end user to replace or repair the machinery or the asset prior to its breakdown or malfunction. Pertaining to the fact that, several industries are increasing their operations production facilities across the globe, is catalyzing the demand for Non-destructive inspection segment, as the companies offering NDT inspection are being awarded with increased number of contracts, thereby creating substantial market space in the recent scenario.

The Key Players in The Global Market Are:

Aker Solutions
Bureau Veritas SA
Cybernetix SA
DNV GL AS
Flour Corporation
Intertek Group Plc.
John Wood Group Plc.
Oceaneering International, Inc.
Rosen Group
SGS AS.

The global market for asset integrity management services market provides detailed market segmentation by service type, industry, and geography. Based on service type, nondestructive (NDT) inspection segment dominate the asset integrity management service market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. On the basis of industry, oil & gas segment dominates the segment in 2018, and same is foreseen to retain its dominance throughout the forecast period. On the other hand, power segment is expected to witness a significant growth rate in the coming years.

The asset integrity management service market operates in an extremely fragmented industry with huge number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction. The major companies offering asset integrity management services to different industries include SGS AG, Intertek Group plc, Aker Solutions ASA, Bureau Veritas SA, Fluor Corporation, DNV GL AS, John Wood Group PLC, Oceaneering International, Inc., Rosen Group, and Cybernetix SA among others. Several other companies are also offering these services to different industries which is facilitating the asset integrity management services market to propel over the years.

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2018-2027? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Asset Integrity Management Services Market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Asset Integrity Management Services Market?
What are the prominent market trends influencing the development of the Asset Integrity Management Services Market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Asset Integrity Management Services Market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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