[Research Report] The asset integrity management market was valued at US$ 3.33 billion in 2022 and is expected to reach US$ 6.73 billion by 2030; it is estimated to record a CAGR of 9.2% from 2022 to 2030. The asset integrity management market trends include the integration of IIoT with asset integrity management solutions.
Analyst Perspective:
The asset integrity management market forecast can help stakeholders in this marketplace plan their growth strategies. An asset integrity management system is linked to any asset's activities such as governance and monitoring in order to maintain a firm's successful operation while minimizing dangers and risks. The rise in the need for operational safety of aging assets in risk-based industries is driving the asset integrity management market.
Operational efficiency for assets in oil & gas, mining, and power industries is considered foremost important; thus, regular maintenance of these assets is important to gain maximum productivity. Chemicals and oil & gas products are corrosive and flammable, thus requiring continuous inspection and maintenance of the equipment for overall operational efficiency and safety. Moreover, the expansion of the oil & gas industry with the increase in demand for oil & gas and growth in the power industry across several countries is anticipated to create several opportunities for the asset integrity management market growth during the forecast period.
With the rise in digital transformation in a wide range of industries, the oil & gas industry plays a key role in the industrial revolution and economic growth worldwide. The major factor driving the evolution of this industry is the high demand for electricity, power, automobiles, and aircraft due to the rapidly growing population. Globally, oil supply is expected to increase rapidly to meet the rise in energy demand owing to the depletion of existing oil reserves. According to the International Energy Agency (IEA), as of June 2023, worldwide oil demand is anticipated to increase by 6% between 2022 and 2028 and reach 105.7 million barrels per day (mb/d) due to tremendous demand from the petrochemical and aviation industries. Hence, an increased demand for oil and gas in the petrochemicals and aviation sectors is also propelling the oil & gas industry, facilitating the expansion of the asset integrity management market share.
Asset Integrity Management Market Overview:
Asset integrity management is a form of asset management standard that focuses on protecting equipment, health, and the environment. It functions effectively and efficiently to maintain the consistent functioning of assets and offers several advantages, including reduced risks and better reliability, increased safety, and improved environmental performance. This is commonly used in the oil & gas, mining, aerospace, and other industries.
The asset integrity management market is anticipated to witness growth in the coming years. This is attributed to various factors, including an increase in the need for operational safety of aging assets in risk-based industries and strict government-led safety regulations. Furthermore, the expansion of the oil & gas industry, along with the increase in demand for oil and gas, is expected to create growth opportunities for the market players in the coming years. However, the cost involved in non-value-added maintenance and improper operation of assets hampers the asset integrity management market growth.
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Asset Integrity Management Market: Strategic Insights
Market Size Value in US$ 3.33 billion in 2022 Market Size Value by US$ 6.73 billion by 2030 Growth rate CAGR of 9.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Asset Integrity Management Market: Strategic Insights
| Market Size Value in | US$ 3.33 billion in 2022 |
| Market Size Value by | US$ 6.73 billion by 2030 |
| Growth rate | CAGR of 9.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Asset Integrity Management Market Driver:
Increase in Need for Operational Safety of Aging Assets in Risk-Based Industries
Asset integrity management software protects the capability of an asset to perform its functions effectively, as well as manages corporate assets 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 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 the 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. Thus, the necessity of operational safety with the help of asset integrity management solutions is driving the asset integrity management market.
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Chemicals and oil & gas products are corrosive and flammable and require continuous inspection and maintenance of the equipment for overall operational efficiency and safety. The asset integrity management services ensure improved reliability, productivity, and safety of the equipment to achieve quality performance sustainably. Various market players across the globe are providing asset integrity management software to manage performance and operational risk. For example, DNV Group AS provides the Synergi asset integrity software suite, which offers a core platform to support effective risk-based integrity management in risk-based industries such as oil & gas. Thus, the need for operational safety of aging assets in risk-based industries is among the factors contributing to the growing asset integrity management market size.
Segment Analysis:
The asset integrity management market is bifurcated into service type and industry. Based on service type, the market is segmented into non-destructive testing (NDT) inspection, corrosion management, pipeline integrity management, structural integrity management, risk-based inspection (RBI), and others. Based on industry, the market is segmented into oil & gas, power, marine, mining, aerospace, and others.
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Regional Analysis:
The asset integrity management marketreport includes North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In terms of revenue, North America dominated the asset integrity management market share. The North America asset integrity management market is segmented into the US, Canada, and Mexico. All three countries 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.
In the oil & gas industry, the infrastructure of the majority of mature oil fields is old, which leads to corrosion, scaling, and damaged 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 exploration, refining, and transportation activities. Also, in the US, drillers added new oil rigs, which brought the total number of oil rigs to 862. The US has over 2.5 million km of oil and gas pipelines, whereas Canada has ~800,000 km of pipelines. As a result of its massive and aging infrastructure, North America is likely to dominate the market during the forecast period. 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 opportunities to increase the adoption of asset integrity management across various industries, which is likely to fuel the North America asset integrity management market growth.
Key Player Analysis:
The asset integrity management market analysis is based on the annual performances of major players such as 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. Several other essential asset integrity management market players were analyzed to get a holistic view of the market and its ecosystem. The asset integrity management market report emphasizes the key factors driving the market and prominent players' developments.
Recent Developments:
Companies in the asset integrity management market focus on both inorganic and organic strategies for their business growth. A few recent key market developments by the above asset integrity management market players are listed below:
- In May 2023, SGS participated in the Middle East Asset Integrity Management Conference and Showcase (AIMCS) in Abu Dhabi, UAE. The event was organized under the technical chairmanship of ADNOC Gas Processing. Over 300 industry experts and professionals were invited to discuss the latest trends and best practices in asset integrity management.
- In March 2021, Stork, a Fluor company, was awarded a two-year contract extension by Chrysaor Holdings Limited to deliver offshore integrated specialist asset integrity services in the UK. The company will continue delivering an inclusive range of asset management solutions and capabilities to extend the offshore assets' life cycle through this contract for the Armada, Everest, and Lomond platforms in the central North Sea.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service Type, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The non-destructive testing (NDT) inspection segment led the asset integrity management market with a significant share in 2022 and corrosion management segment is expected to grow with the highest CAGR.
Increase in need for operational safety of aging assets in risk-based industries and stringent government safety regulations are driving factors of asset integrity management market.
The asset integrity management market was estimated to be valued at US$ 3.33 billion in 2022 and is projected to reach US$ 6.73 billion by 2030; it is expected to grow at a CAGR of 9.2% during the forecast period.
The asset integrity management market is expected to reach US$ 6.73 billion by 2030.
The integration of digital twin and IIoT with asset integrity management software is expected to drive the growth of the asset integrity management market in the coming years.
The key players holding majority shares in the asset integrity management market include Fluor Corporation, Aker Solutions, Intertek Group plc, John Wood Group PLC, and Bureau Veritas.
APAC is anticipated to grow with the highest CAGR over the forecast period.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asset Integrity Management Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Asset Integrity Management Market – Key Market Dynamics
5.1 Asset Integrity Management Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increase in Need for Operational Safety of Aging Assets in Risk-Based Industries
5.2.2 Stringent Government Safety Regulations
5.2.3 Rising Adoption of Growth Strategies by Market Players
5.3 Market Restraints
5.3.1 Cost Involved in Non-Value-Added Maintenance and Improper Operation
5.4 Market Opportunities
5.4.1 Expansion of Oil & Gas Industry
5.4.2 Growth in Nuclear Power Industry
5.5 Future Trend
5.5.1 Integration of Digital Twin and IIoT with Asset Integrity Management Software
5.6 Impact of Drivers and Restraints:
6. Asset Integrity Management Market – Global Market Analysis
6.1 Asset Integrity Management Market Revenue (US$ Million), 2022–2030
6.2 Asset Integrity Management Market Forecast Analysis
7. Asset Integrity Management Market Analysis – by Service Type
7.1 Non-Destructive Testing (NDT) Inspection
7.1.1 Overview
7.1.2 Non-Destructive Testing (NDT) Inspection: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Corrosion Management
7.2.1 Overview
7.2.2 Corrosion Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Pipeline Integrity Management
7.3.1 Overview
7.3.2 Pipeline Integrity Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Structural Integrity Management
7.4.1 Overview
7.4.2 Structural Integrity Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Risk-Based Inspection (RBI)
7.5.1 Overview
7.5.2 Risk-Based Inspection (RBI): Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8. Asset Integrity Management Market Analysis – by End-user
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Power
8.2.1 Overview
8.2.2 Power: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Marine
8.3.1 Overview
8.3.2 Marine: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Mining
8.4.1 Overview
8.4.2 Mining: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Aerospace
8.5.1 Overview
8.5.2 Aerospace: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9. Asset Integrity Management Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Asset Integrity Management Market Overview
9.2.2 North America: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.2.3 North America: Asset Integrity Management Market Breakdown, by Service Type
9.2.3.1 North America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Service Type
9.2.4 North America: Asset Integrity Management Market Breakdown, by End-user
9.2.4.1 North America: Asset Integrity Management Market – Revenue and Forecast Analysis – by End-user
9.2.5 North America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.2.1 United States: Asset Integrity Management Market Breakdown, by Service Type
9.2.5.2.2 United States: Asset Integrity Management Market Breakdown, by End-user
9.2.5.3 Canada: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.3.1 Canada: Asset Integrity Management Market Breakdown, by Service Type
9.2.5.3.2 Canada: Asset Integrity Management Market Breakdown, by End-user
9.2.5.4 Mexico: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.4.1 Mexico: Asset Integrity Management Market Breakdown, by Service Type
9.2.5.4.2 Mexico: Asset Integrity Management Market Breakdown, by End-user
9.3 Europe
9.3.1 Europe Asset Integrity Management Market Overview
9.3.2 Europe: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.3 Europe: Asset Integrity Management Market Breakdown, by Service Type
9.3.3.1 Europe: Asset Integrity Management Market – Revenue and Forecast Analysis – by Service Type
9.3.4 Europe: Asset Integrity Management Market Breakdown, by End-user
9.3.4.1 Europe: Asset Integrity Management Market – Revenue and Forecast Analysis – by End-user
9.3.5 Europe: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.2.1 Germany: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.2.2 Germany: Asset Integrity Management Market Breakdown, by End-user
9.3.5.3 United Kingdom: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.3.1 United Kingdom: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.3.2 United Kingdom: Asset Integrity Management Market Breakdown, by End-user
9.3.5.4 France: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.4.1 France: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.4.2 France: Asset Integrity Management Market Breakdown, by End-user
9.3.5.5 Italy: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.5.1 Italy: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.5.2 Italy: Asset Integrity Management Market Breakdown, by End-user
9.3.5.6 Russian Federation: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.6.1 Russian Federation: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.6.2 Russian Federation: Asset Integrity Management Market Breakdown, by End-user
9.3.5.7 Rest of Europe: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.7.1 Rest of Europe: Asset Integrity Management Market Breakdown, by Service Type
9.3.5.7.2 Rest of Europe: Asset Integrity Management Market Breakdown, by End-user
9.4 Asia Pacific
9.4.1 Asia Pacific Asset Integrity Management Market Overview
9.4.2 Asia Pacific: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.3 Asia Pacific: Asset Integrity Management Market Breakdown, by Service Type
9.4.3.1 Asia Pacific: Asset Integrity Management Market – Revenue and Forecast Analysis – by Service Type
9.4.4 Asia Pacific: Asset Integrity Management Market Breakdown, by End-user
9.4.4.1 Asia Pacific: Asset Integrity Management Market – Revenue and Forecast Analysis – by End-user
9.4.5 Asia Pacific: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.2.1 China: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.2.2 China: Asset Integrity Management Market Breakdown, by End-user
9.4.5.3 Japan: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.3.1 Japan: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.3.2 Japan: Asset Integrity Management Market Breakdown, by End-user
9.4.5.4 South Korea: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.4.1 South Korea: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.4.2 South Korea: Asset Integrity Management Market Breakdown, by End-user
9.4.5.5 India: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.5.1 India: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.5.2 India: Asset Integrity Management Market Breakdown, by End-user
9.4.5.6 Australia: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.6.1 Australia: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.6.2 Australia: Asset Integrity Management Market Breakdown, by End-user
9.4.5.7 Rest of APAC: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.7.1 Rest of APAC: Asset Integrity Management Market Breakdown, by Service Type
9.4.5.7.2 Rest of APAC: Asset Integrity Management Market Breakdown, by End-user
9.5 Middle East and Africa
9.5.1 Middle East and Africa Asset Integrity Management Market Overview
9.5.2 Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.5.3 Middle East and Africa: Asset Integrity Management Market Breakdown, by Service Type
9.5.3.1 Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast Analysis – by Service Type
9.5.4 Middle East and Africa: Asset Integrity Management Market Breakdown, by End-user
9.5.4.1 Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast Analysis – by End-user
9.5.5 Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.5.5.2 Saudi Arabia: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.2.1 Saudi Arabia: Asset Integrity Management Market Breakdown, by Service Type
9.5.5.2.2 Saudi Arabia: Asset Integrity Management Market Breakdown, by End-user
9.5.5.3 United Arab Emirates: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.3.1 United Arab Emirates: Asset Integrity Management Market Breakdown, by Service Type
9.5.5.3.2 United Arab Emirates: Asset Integrity Management Market Breakdown, by End-user
9.5.5.4 South Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.4.1 South Africa: Asset Integrity Management Market Breakdown, by Service Type
9.5.5.4.2 South Africa: Asset Integrity Management Market Breakdown, by End-user
9.5.5.5 Rest of Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Asset Integrity Management Market Breakdown, by Service Type
9.5.5.5.2 Rest of Middle East and Africa: Asset Integrity Management Market Breakdown, by End-user
9.6 South and Central America
9.6.1 South and Central America Asset Integrity Management Market Overview
9.6.2 South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.6.3 South and Central America: Asset Integrity Management Market Breakdown, by Service Type
9.6.3.1 South and Central America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Service Type
9.6.4 South and Central America: Asset Integrity Management Market Breakdown, by End-user
9.6.4.1 South and Central America: Asset Integrity Management Market – Revenue and Forecast Analysis – by End-user
9.6.5 South and Central America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Asset Integrity Management Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.2.1 Brazil: Asset Integrity Management Market Breakdown, by Service Type
9.6.5.2.2 Brazil: Asset Integrity Management Market Breakdown, by End-user
9.6.5.3 Argentina: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.3.1 Argentina: Asset Integrity Management Market Breakdown, by Service Type
9.6.5.3.2 Argentina: Asset Integrity Management Market Breakdown, by End-user
9.6.5.4 Rest of South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Asset Integrity Management Market Breakdown, by Service Type
9.6.5.4.2 Rest of South and Central America: Asset Integrity Management Market Breakdown, by End-user
10. Asset Integrity Management Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 SGS SA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Intertek Group Plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Aker Solutions ASA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Bureau Veritas SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Fluor Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 DNV Group AS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 John Wood Group Plc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ROSEN Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TechnipFMC plc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Oceaneering International Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Asset Integrity Management Market Segmentation
Table 2. List of Vendors
Table 3. Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million) – by Service Type
Table 5. Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 6. North America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 7. North America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 8. North America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. United States: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 10. United States: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 11. Canada: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 12. Canada: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 13. Mexico: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 14. Mexico: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 15. Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 16. Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 17. Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 18. Germany: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 19. Germany: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 20. United Kingdom: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 21. United Kingdom: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 22. France: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 23. France: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 24. Italy: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 25. Italy: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 26. Russian Federation: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 27. Russian Federation: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 28. Rest of Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 29. Rest of Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 30. Asia Pacific: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 31. Asia Pacific: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 32. Asia Pacific: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 33. China: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 34. China: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 35. Japan: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 36. Japan: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 37. South Korea: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 38. South Korea: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 39. India: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 40. India: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 41. Australia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 42. Australia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 43. Rest of APAC: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 44. Rest of APAC: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 45. Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 46. Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 47. Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 48. Saudi Arabia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 49. Saudi Arabia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 50. United Arab Emirates: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 51. United Arab Emirates: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 52. South Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 53. South Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 54. Rest of Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million) – by Service Type
Table 55. Rest of Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 56. South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 57. South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 58. South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 59. Brazil: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 60. Brazil: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 61. Argentina: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 62. Argentina: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 63. Rest of South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million) – by Service Type
Table 64. Rest of South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 65. Heat Map Analysis By Key Players
Table 66. List of Abbreviation
List of Figures
Figure 1. Asset Integrity Management Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Asset Integrity Management Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asset Integrity Management Market Revenue (US$ Million), 2022–2030
Figure 6. Asset Integrity Management Market Share (%) – by Service Type (2022 and 2030)
Figure 7. Non-Destructive Testing (NDT) Inspection: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Corrosion Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Pipeline Integrity Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Structural Integrity Management: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Risk-Based Inspection (RBI): Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asset Integrity Management Market Share (%) – by End-user (2022 and 2030)
Figure 14. Oil and Gas: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Power: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Marine: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Mining: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Aerospace: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Asset Integrity Management Market Breakdown by Region, 2022 and 2030 (%)
Figure 21. North America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. North America: Asset Integrity Management Market Breakdown, by Service Type (2022 and 2030)
Figure 23. North America: Asset Integrity Management Market Breakdown, by End-user (2022 and 2030)
Figure 24. North America: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 25. United States: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Canada: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Mexico: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 29. Europe: Asset Integrity Management Market Breakdown, by Service Type (2022 and 2030)
Figure 30. Europe: Asset Integrity Management Market Breakdown, by End-user (2022 and 2030)
Figure 31. Europe: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 32. Germany: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 33. United Kingdom: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 34. France: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 35. Italy: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 36. Russian Federation: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 37. Rest of Europe: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 38. Asia Pacific: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 39. Asia Pacific: Asset Integrity Management Market Breakdown, by Service Type (2022 and 2030)
Figure 40. Asia Pacific: Asset Integrity Management Market Breakdown, by End-user (2022 and 2030)
Figure 41. Asia Pacific: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 42. China: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Japan: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 44. South Korea: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 45. India: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 46. Australia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 47. Rest of APAC: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 48. Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 49. Middle East and Africa: Asset Integrity Management Market Breakdown, by Service Type (2022 and 2030)
Figure 50. Middle East and Africa: Asset Integrity Management Market Breakdown, by End-user (2022 and 2030)
Figure 51. Middle East and Africa: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 52. Saudi Arabia: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. United Arab Emirates: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 54. South Africa: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 55. Rest of Middle East and Africa: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 56. South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 57. South and Central America: Asset Integrity Management Market Breakdown, by Service Type (2022 and 2030)
Figure 58. South and Central America: Asset Integrity Management Market Breakdown, by End-user (2022 and 2030)
Figure 59. South and Central America: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 60. Brazil: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 61. Argentina: Asset Integrity Management Market – Revenue and Forecast to 2030(US$ Million)
Figure 62. Rest of South and Central America: Asset Integrity Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 63. Company Positioning & Concentration
The List of Companies - Asset Integrity Management Market
- SGS SA
- Intertek Group Plc
- Aker Solutions ASA
- Bureau Veritas SA
- Fluor Corp
- DNV Group AS
- John Wood Group Plc
- ROSEN Group
- TechnipFMC plc
- Oceaneering International Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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