Asset Integrity Management
Publication Date
March 2024
USD 17.27 billion
USD 44.23 billion
USD 19.65 billion
Asset Integrity Management Market by Offering (Hardware, Services, Software), Methodologies (Condition monitoring studies, Damage identification & risk assessment, Process system integrity studies), Industry - Global Forecast 2024-2030

[181 Pages Report] The Asset Integrity Management Market size was estimated at USD 17.27 billion in 2023 and expected to reach USD 19.65 billion in 2024, at a CAGR 14.37% to reach USD 44.23 billion by 2030.

Asset Integrity Management Market
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Asset Integrity Management (AIM) is a systematic process employed to ensure industrial assets' safety, reliability, and efficiency throughout their life cycle. AIM solutions' comprehensive approach encompasses all aspects of design, construction, commissioning, operation, maintenance, and decommissioning of various physical assets such as pipelines, process facilities, structures, and equipment in industries such as oil and gas, power generation, chemical processing, and mining. Increasing safety concerns and the need for efficient quality control, particularly across growing industries such as marine, industrial manufacturing, aerospace, and oil & gas, result in adopting asset integrity management solutions. However, high implementation costs pose a challenge for organizations considering adopting AIM solutions. Nevertheless, the convergence of cloud technology with AIM services and leveraging cloud technology can provide organizations access to real-time data about their assets, encouraging the adoption of asset integrity management systems and solutions.

Asset Integrity Management Market - Global Forecast 2024-2030
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Regional Insights

The asset integrity management market is witnessing significant growth in the Americas owing to the increasing demand for operational efficiency, stringent regulations, and the need to maintain an aging industrial infrastructure. Rapid industrialization and expansion of industries, including oil & gas, petrochemicals, and power generation, and emphasis on maintaining existing assets at optimum performance levels are leading to increased adoption of asset integrity management solutions in the APAC region. Moreover, growing awareness about environmental protection and safety measures and rising oil production with significant investments in critical infrastructures such as refineries and pipelines, have accelerated the adoption of asset integrity management solutions in the EMEA region. Additionally, integrating advanced technologies such as artificial intelligence (AI) and Internet of Things (IoT) into asset integrity management solutions can provide companies with better insights into their assets' performance.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Asset Integrity Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Asset Integrity Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • SKY-futures and flyability launch a fully integrated drone-based inspection software-hardware solution

    Sky-Futures and Flyability partnered to create a fully integrated solution for industrial inspections utilizing drones. The Elios drone offers collision-tolerant capabilities, allowing access to difficult or hard-to-reach areas. The Expanse software provides comprehensive management of drone data, from capture to distribution. The Elios-Expanse package represents the most recent advancement in asset integrity management solutions. [Published On: 2023-05-17]

  • Antea North America and Vysus Forge Partnership to Deliver End-to-End Asset Integrity Management and Risk Based Inspection Solutions

    Antea North America, a provider of AIM software and 3D digital twin integration, formed a strategic partnership with Vysus Group. Their shared goal is to deliver an innovative asset integrity management solution to owners in the industries, including oil & gas, petrochemical, and power generation in Houston, Texas. This combined offering provided clients with real-time asset data through a comprehensive and readily available asset management solution. The collaboration between Antea and Vysus can effectively monitor ongoing maintenance and inspection operations, ensuring efficient asset management. [Published On: 2023-01-27]

  • Saipem and MCS launch asset integrity management system

    Saipem, an advanced technological and engineering platform for designing, constructing, and operating infrastructures and plants, partnered with MCS, a digital solutions company, to develop 'The PALM Suite' - a cutting-edge asset integrity management system for offshore energy operators. The PALM Suite is specifically designed to assist operators in managing asset data, conducting risk assessments, and planning inspections across various sectors, including oil and gas, renewables, power, and data networks. It offers advanced features, such as 3D reconstruction for subsea dimensional control and IoT data gathering. [Published On: 2023-01-19]

Key Company Profiles

The report delves into recent significant developments in the Asset Integrity Management Market, highlighting leading vendors and their innovative profiles. These include ABB Group, ABS Group of Companies, Inc., Aker Solutions ASA, Applus Services SA, Asset Integrity Engineering, Axess Group, Baker Hughes Company, Bureau Veritas SA, Dacon Inspection Technologies Co., Ltd., Det Norske Veritas Group, Dexon Technology PLC, DNV AS, EM Topco Limited, EM&I Ltd., Fluor Corporation, FORCE Technology Norway AS, Genesis Oil and Gas Consultants Ltd., Intertek Group PLC, John Wood Group PLC, LifeTech Engineering Ltd., Metegrity Inc., Oceaneering International, Inc., Rosen Swiss AG, SGS Société Générale de Surveillance SA, TechnipFMC plc, Tuv Nord Group, Twi Ltd., and Velosi Asset Integrity Ltd..

Market Segmentation & Coverage

This research report categorizes the Asset Integrity Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Offering
    • Hardware
    • Services
    • Software
  • Methodologies
    • Condition monitoring studies
    • Damage identification & risk assessment
    • Process system integrity studies
    • Reliability-centred maintenance
    • Risk-based inspection
    • Safety & risk management (HAZID, HAZOP and QRA)
    • Safety integrity level (SIL) studies
  • Industry
    • Aerospace
    • Mining
    • Oil & Gas
    • Power

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Asset Integrity Management Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Asset Integrity Management Market?
  3. What are the technology trends and regulatory frameworks in the Asset Integrity Management Market?
  4. What is the market share of the leading vendors in the Asset Integrity Management Market?
  5. Which modes and strategic moves are suitable for entering the Asset Integrity Management Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Asset Integrity Management Market, by Offering
  7. Asset Integrity Management Market, by Methodologies
  8. Asset Integrity Management Market, by Industry
  9. Americas Asset Integrity Management Market
  10. Asia-Pacific Asset Integrity Management Market
  11. Europe, Middle East & Africa Asset Integrity Management Market
  12. Competitive Landscape
  13. Competitive Portfolio
Companies Mentioned
  • ABB Group
  • ABS Group of Companies, Inc.
  • Aker Solutions ASA
  • Applus Services SA
  • Asset Integrity Engineering
  • Axess Group
  • Baker Hughes Company
  • Bureau Veritas SA
  • Dacon Inspection Technologies Co., Ltd.
  • Det Norske Veritas Group
  • Dexon Technology PLC
  • DNV AS
  • EM Topco Limited
  • EM&I Ltd.
  • Fluor Corporation
  • FORCE Technology Norway AS
  • Genesis Oil and Gas Consultants Ltd.
  • Intertek Group PLC
  • John Wood Group PLC
  • LifeTech Engineering Ltd.
  • Metegrity Inc.
  • Oceaneering International, Inc.
  • Rosen Swiss AG
  • SGS Société Générale de Surveillance SA
  • TechnipFMC plc
  • Tuv Nord Group
  • Twi Ltd.
  • Velosi Asset Integrity Ltd.
This FREE sample includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.
Frequently Asked Questions about the Asset Integrity Management Market
The Global Asset Integrity Management Market size was estimated at USD 17.27 billion in 2023 and expected to reach USD 19.65 billion in 2024.
The Global Asset Integrity Management Market to grow USD 44.23 billion by 2030, at a CAGR of 14.37%
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