市場調查報告書
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1483088
全球資產完整性管理市場 2024-2031Global Asset Integrity Management Market 2024-2031 |
資產完整性管理市場規模、佔有率和趨勢分析報告,依服務類型(基於風險的檢查(RBI)、無損檢測(NDT)檢查、腐蝕管理、管道完整性管理、危險識別(HAZID)研究、結構完整性管理等),以及依行業(石油和天然氣、電力、採礦和航太),預測期(2024-2031)
預計資產完整性管理市場在預測期間(2024-2031年)年複合成長率將達到13.1%。資產完整性管理市場的成長歸因於對資產績效管理、產品生命週期管理、工業物聯網(IIoT)驅動的全面自動化的需求不斷成長,以及全球數位轉型推動市場的成長。據國際自動化協會表示,2021年6月,工業4.0和5.0引進了一系列創新的資產完整性管理技術,提供整個營運的可視性並連接工廠流程、物流和供應鏈,以便所有利益相關者都能做出適當的決策。
Asset Integrity Management Market Size, Share & Trends Analysis Report by Service Type (Risk-based Inspection (RBI), Non-Destructive Testing (NDT) Inspection, Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, and Others),and by Industry(Oil & Gas, Power, Mining and Aerospace)Forecast Period (2024-2031)
Asset integrity management market is anticipated to grow at a significant CAGR of 13.1% during the forecast period (2024-2031).The growth of the asset integrity management market is attributed to increasing demand for asset performance management, product life-cycle management, total automation driven by the industrial internet of things (IIoT), and digital transformation globally driving the growth of the market. According to the International Society of Automation, in June 2021, Industry 4.0 and 5.0 introduced a package of innovative asset integrity management technologies, providing visibility across the operation and connecting the plant process, logistics, and supply chain, so all the stakeholders can make proper decisions and act at the right time.
Market Dynamics
Increasing Demand in Risk-Based Industries
Asset integrity management is a growing requirement in risk-based sectors to sustain aging assets. Increased threats to operational dependability and safety arise from the deterioration of aging infrastructure and equipment. In sectors where assets are exposed to challenging operating circumstances, such as oil and gas, petrochemicals, and power generation, effective asset integrity management is crucial to reducing risks and guaranteeing regulatory compliance. Proactive maintenance techniques are essential to extend asset lifespan and maximize performance. Risk-based approaches are used to prioritize resources and treatments according to asset criticality and possible failure modes. Market players strive to minimize downtime, enhance safety, and maximize asset value; the increasing focus on maintaining aging assets underscores the significance of asset integrity management solutions in risk-based industries.
Increasing Adoption of Asset Performance Management (APM)
With the specific goal of enhancing the availability and dependability of physical assets, asset performance management (APM) integrates data collection, integration, visualization, and analytics capabilities. A framework aids administrators in making the most use of their physical assets in commercial organizations. Under asset performance management, many techniques are used to increase earnings and lower risk factors in a company. Market players reevaluate their APM approach. Uptime, asset longevity, maintenance costs, and safety can all be further increased with greater adoption of condition monitoring and predictive maintenance systems. Asset failure can be anticipated and predicted using data analytics gathered by APM software. Additionally, it can forecast when an item will require upkeep or repairs.
Market Segmentation
Our in-depth analysis of the global asset integrity management market includes the following segments by service type and industry.
Service Type is Projected to Emerge as the Largest Segment
Based on the service type, the global asset integrity management market is sub-segmented into risk-based inspection (RBI), non-destructive testing (NDT) inspection, corrosion management, pipeline integrity management, hazard identification (HAZID) study, structural integrity management, and others (reliability, availability, and maintainability (RAM) study).Among this corrosion management, the sub-segment is expected to hold the largest share of the market. The primary factors supporting the segment's growth include the increasing demand for corrosion management in industries such as oil & gas, manufacturing, Mining, and others. A robust asset integrity program has many individual elements, such as chemical treatments, corrosion monitoring, inspection, and data management and interpretation. It also provides a record of accomplishment in devising bespoke corrosion control, corrosion monitoring, and data management programs to mitigate risk and support safer oil and gas operations. For instance, in August 2022, SLB introduced a Comprehensive portfolio of solutions for corrosion inhibition, bacteria management, and H2S removal for Oil & gas asset integrity. Preventing corrosion and preserving the integrity of upstream, midstream, and downstream oil and gas facilities is essential to their safe operation, reliable production, and protection of personnel and the environment.
Power Sub-segment to Hold a Considerable Market Share
Based on the industry, the global asset integrity management market is sub-segmented into oil & gas, power, mining, and aerospace. Among these, the powersub-segment is expected to hold a considerable share of the market. The increasing demand for asset integrity management in the power industry to optimize operation, maintenance, capital improvement, and cost of cycling evaluations which include power generation equipment testing, high energy piping inspection, and laboratory analysis for power plants. For instance, in December 2023, Antea and TEAM collaborated for next-generation asset integrity management. The partnership combines the strength of both companies to create a "one-stop-shop" AIM solution for operators in asset-intensive industries such as oil and gas, aerospace, petrochemical, power, nuclear, mining, and pharmaceutical.
The global asset integrity management market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Asset Integrity Management Adoption in Europe
Global Asset Integrity Management Market Growth by Region 2024-2031
Source: OMR Analysis
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to numerous prominent companies and asset integrity management providers. The growth is attributed to the growing demand for asset integrity management solutions in applications such as manufacturing, aerospace, oil & gas, and power generation driving the growth of the market in the region. Market players introducing asset integrity management (AIM) software for risk-based inspection, maintenance strategy optimization, and pipeline integrity. For instance, in October 2023, Cenosco introduced asset integrity management (AIM) software for the oil & gas and petrochemical industries. Cenosco's software suite of solutions is designed to streamline operations and create a safer and more efficient work environment. Cenosco recognizes the need for process-intensive industries to meet and exceed safety, compliance, and efficiency standards while delivering industry expertise.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global asset integrity management market include Baker Hughes Company, DNV AS, General Electric Company, Oceaneering International, Inc., and Siemens AG, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in March 2024, Oceaneering International, Inc. its Integrity Management and Digital Solutions (IMDS) group signed a strategic collaboration agreement with Aberdeen technology and engineering services provider Global Design Innovation, Ltd. (GDi) to deliver innovative digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation.
Recent Development