North America Asset Integrity Management Market Analysis by Key Players, Geography and Major Segments Forecast 2022-2030

Business Market Insights published a research report on "North America Asset Integrity Management Market Analysis, Size, Share, Growth, Trends and Forecast to 2028-COVID-19 Impact And Global Analysis by Service Type (Non-Destructive Testing Inspection, Corrosion Management, Pipeline Integrity Management, Structural Integrity Management, Risk-Based Inspection, and Others) and End User (Oil & Gas, Power, Marine, Mining, Aerospace, and Others)". This report provides analysis of top players in all regions with industry size, growth, technology, market insights, demand, trend, key statistics and industry forecasts to 2028. These factors consist of but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The market type, organization size, availability on-premises, end-users' organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept into focus while creating this North America Asset Integrity Management market report.
The North America asset integrity management market was valued at US$ 1,128.52 million in 2022 and is expected to reach US$ 1,995.41 million by 2030; it is estimated to record a CAGR of 7.4% from 2022 to 2030.

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North America Asset Integrity Management Market Scenario

Asset integrity management software protects the capability of an asset to perform its functions effectively, as well as manages corporate assets in order to gain profitability. Asset integrity management software offers various services, including design, inspection, maintenance, and operations, which highly impact the integrity of infrastructure and equipment. It also provides auditing, inspections, overall quality processes, and other tools for the effective integrity management of assets. Industries such as petrochemicals, oil & gas, renewable energy, power, and infrastructure opt for these services in order to achieve increased productivity while meeting environmental and safety concerns. These industries are risk-based and highly asset-based; hence, maintenance and inspection of such assets are essential. In oil & gas industry, performance and operational risk levels are dependent upon the integrity of the assets, such as subsea equipment, platform topsides, structures, gas processing plants, pipelines, refineries, compressors, and gas distribution networks, throughout the value chain. Operational efficiency for assets is highly necessary in oil & gas, mining, and power industries; thus, regular maintenance of these assets is important to gain maximum productivity. Integrity Management market industry players.

North America Asset Integrity Management Market Report covers the manufacturer's data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Besides, the report also covers development segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries client's information, which is very important for the manufacturers.

List of the Top Key Players of North America Asset Integrity Management Market:
1. SGS SA
2. Intertek Group Plc
3. Aker Solutions SA
4. Bureau Veritas SA
5. Fluor Corp
6. DNV Group AS
7. John Wood Group Plc
8. Rosen Group
9. TechnipFMC Plc
• ……

North America Asset Integrity Management Market Overview

North America includes countries such as the US, Canada, and Mexico. All three countries in the area are witnessing increased adoption of asset integrity management services during the last few years. Oil & gas, chemical, power, and natural resource industries rely on proprietary infrastructure to run their operation, and this infrastructure is rapidly aging, which increases the risk of failure. Companies in this sector are facing an infrastructure crisis and working in decade-old structures that create a risk of breakdown. Further, North America is expected to remain the largest regional provider of new unconventional onshore oil production capacity. In the oil & gas industry, the infrastructure of the majority of mature oil fields is old, which leads to corrosion, scaling, and failed well equipment and causes other well-integrity problems. These issues increase the operational risk for companies and utilities, requiring more capital in infrastructure upgrade projects. The oil & gas industry in North America needs to follow several government policies and regulations to protect the environment, preserve cultural resources, and protect workers' health and safety. The region's upstream and midstream infrastructure is enormous. The US is the largest producer of oil and natural gas, which involves the exploration, refining, and transportation of a large quantity of oil. Also, US drillers added new oil rigs, which brought the total number of oil rigs in the US to 862. The US has over 2.5 million kilometers of oil and gas pipelines, whereas Canada has ~800,000 kilometers of pipeline. As a result of its massive and aging infrastructure, North America is likely to dominate the oil and gas asset integrity management market. Further, the US has a few of the oldest power generation systems in the world. The US is the world's leading energy producer, and hydraulic fracturing and horizontal drilling are technologies that helped increase energy production in this country. Thus, strict government regulations and the presence of a huge gas pipeline network are expected to generate a tremendous growth opportunity for asset integrity management software market players during the forecast period.

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