DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Asset Integrity Management Market by Service (RBI, Ram Study, Corrosion Management, Pipeline Integrity Management, Hazid Study, Structural Integrity Management, NDT), Industry, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.
The asset integrity management services market is expected to be worth USD 31.66 Billion by 2023, at a CAGR of 8.7% between 2017 and 2023
The growth of this market is propelled by the necessity of asset integrity management in new offshore fields in deep waters; declining efficiencies of ageing assets and the need for operational safety; stringent government safety regulations and quality control requirements; climatic changes affecting the operations of various industries; and declining oil and gas prices increasing the demand for maintaining the assets and plants.
APAC is expected to grow at the highest CAGR between 2017 and 2023 due to the growing presence of industries such as oil and gas, power, and mining in the region. The growth of the aerospace industry in APAC owing to the increasing trend toward air travel along with the rise in maintenance, repair, and overhaul providers in this region also drives the asset integrity management services market in this region. North America is expected to hold the largest market share by 2023.
In North America, oil and gas industry is one of the prominent industry owing to the existing exploration plants and refineries which have number of pipelines as well as complicated and critical equipment. Thus, various safety measures stated by the authorities are also followed at the time of manufacturing of a pipeline such as inspection through methods such as corrosion management and pipeline integrity to evaluate the welds and ensure their quality. These activities in North America have driven the asset integrity management services market in this region.
Key market players such as SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Fluor Corporation (US), and Aker Solutions ASA (Norway) are focusing on the strategies such as product launches, agreements, contracts, expansions, and acquisitions to enhance their geographic presence and expand their business.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Asset Integrity Management in Various Oil and Gas Sectors (Qualitative)
7 Components of Asset Integrity Management Services (Qualitative)
8 Market, By Service Type
9 Market, By Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9hsn83/asset_integrity
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