Asset Integrity Management Market Research Report by Offering, Service Type, Industry, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

The Global Asset Integrity Management Market size was estimated at USD 22.77 billion in 2021 and expected to reach USD 24.76 billion in 2022, and is projected to grow at a CAGR 8.92% to reach USD 38.03 billion by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

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

Based on Offering, the market was studied across Hardware, Services, and Software.

Based on Service Type, the market was studied across Corrosion Management, Hazid (Hazard Identification) Study, NDT, Pipeline Integrity Management, RAM Study, RBI, and Structural Integrity Management.

Based on Industry, the market was studied across Aerospace, Mining, Oil and Gas, and Power.

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

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Asset Integrity Management market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Asset Integrity Management Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Asset Integrity Management Market, including Aker Solutions ASA, Applus Services SA, Axess Group, Bureau Veritas SA, Dacon Inspection Technologies Co., Ltd., DNV GL, EM&I Ltd, Fluor Corporation, Intertek Group PLC, John Wood Group PLC, LifeTech Engineering Ltd., Lloyd's Register Group Services Ltd., Metegrity Inc., Oceaneering International, Inc., Rosen Swiss AG, SGS SA, TechnipFMC PLC, TWI Ltd., and TÜV NORD GROUP.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Asset Integrity Management Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Asset Integrity Management Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Asset Integrity Management Market?
4. What is the competitive strategic window for opportunities in the Global Asset Integrity Management Market?
5. What are the technology trends and regulatory frameworks in the Global Asset Integrity Management Market?
6. What is the market share of the leading vendors in the Global Asset Integrity Management Market?
7. What modes and strategic moves are considered suitable for entering the Global Asset Integrity Management Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising demand in the marine and industrial manufacturing sectors
5.1.1.2. Burgeoning size of the oil and gas industry
5.1.1.3. Rising aerospace industry
5.1.2. Restraints
5.1.2.1. Increasingly complex infrastructure and aging assets
5.1.2.2. Issues related to high operating costs and low oil prices
5.1.3. Opportunities
5.1.3.1. Convergence of cloud technology and asset integrity management services
5.1.3.2. Rising awareness about mitigating capital outlay in oil fields
5.1.4. Challenges
5.1.4.1. Dearth of skilled personnel for operating asset integrity management systems and software
5.2. Cumulative Impact of COVID-19

6. Asset Integrity Management Market, by Offering
6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Asset Integrity Management Market, by Service Type
7.1. Introduction
7.2. Corrosion Management
7.3. Hazid (Hazard Identification) Study
7.4. NDT
7.5. Pipeline Integrity Management
7.6. RAM Study
7.7. RBI
7.8. Structural Integrity Management

8. Asset Integrity Management Market, by Industry
8.1. Introduction
8.2. Aerospace
8.3. Mining
8.4. Oil and Gas
8.5. Power

9. Americas Asset Integrity Management Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Asset Integrity Management Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Asset Integrity Management Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis, By Key Player
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles
13.1. Aker Solutions ASA
13.1.1. Business Overview
13.1.2. Key Executives
13.1.3. Product & Services
13.2. Applus Services SA
13.2.1. Business Overview
13.2.2. Key Executives
13.2.3. Product & Services
13.3. Axess Group
13.3.1. Business Overview
13.3.2. Key Executives
13.3.3. Product & Services
13.4. Bureau Veritas SA
13.4.1. Business Overview
13.4.2. Key Executives
13.4.3. Product & Services
13.5. Dacon Inspection Technologies Co., Ltd.
13.5.1. Business Overview
13.5.2. Key Executives
13.5.3. Product & Services
13.6. DNV GL
13.6.1. Business Overview
13.6.2. Key Executives
13.6.3. Product & Services
13.7. EM&I Ltd
13.7.1. Business Overview
13.7.2. Key Executives
13.7.3. Product & Services
13.8. Fluor Corporation
13.8.1. Business Overview
13.8.2. Key Executives
13.8.3. Product & Services
13.9. Intertek Group PLC
13.9.1. Business Overview
13.9.2. Key Executives
13.9.3. Product & Services
13.10. John Wood Group PLC
13.10.1. Business Overview
13.10.2. Key Executives
13.10.3. Product & Services
13.11. LifeTech Engineering Ltd.
13.11.1. Business Overview
13.11.2. Key Executives
13.11.3. Product & Services
13.12. Lloyd's Register Group Services Ltd.
13.12.1. Business Overview
13.12.2. Key Executives
13.12.3. Product & Services
13.13. Metegrity Inc.
13.13.1. Business Overview
13.13.2. Key Executives
13.13.3. Product & Services
13.14. Oceaneering International, Inc.
13.14.1. Business Overview
13.14.2. Key Executives
13.14.3. Product & Services
13.15. Rosen Swiss AG
13.15.1. Business Overview
13.15.2. Key Executives
13.15.3. Product & Services
13.16. SGS SA
13.16.1. Business Overview
13.16.2. Key Executives
13.16.3. Product & Services
13.17. TechnipFMC PLC
13.17.1. Business Overview
13.17.2. Key Executives
13.17.3. Product & Services
13.18. TWI Ltd.
13.18.1. Business Overview
13.18.2. Key Executives
13.18.3. Product & Services
13.19. TÜV NORD GROUP
13.19.1. Business Overview
13.19.2. Key Executives
13.19.3. Product & Services

14. Appendix
14.1. Discussion Guide
14.2. License & Pricing