Summary

Asset Integrity Management Market Size
The global asset integrity management market size was valued at $YY million in 2024 and is projected to reach $YY million by 2030, growing at a CAGR of YY% during the forecast period.

Asset Integrity Management Market Overview
Asset Integrity Management (AIM) is a comprehensive strategy to ensuring the dependability, safety, and performance of industrial assets across their entire lifecycle. It involves the systematic use of procedures, technologies, and strategies to detect, assess, and reduce risks related to asset integrity. AIM comprises a wide range of tasks, including inspection, maintenance, monitoring, and risk management, all intended at maintaining the integrity and functionality of important assets like as pipelines, offshore platforms, refineries, and chemical plants. Organizations that use AIM practices can improve operational efficiency, reduce downtime, eliminate safety concerns, and extend the life of their assets, eventually assuring regulatory compliance and attaining long-term commercial results.

Asset Integrity Management Market Dynamics
• Factors such as the increasing focus on safety and regulatory compliance in industrial sectors, growing need to optimize asset performance and extend asset lifespan, and increase in demand for predictive maintenance solutions to reduce downtime are driving the market
• Additionally, the expansion of infrastructure and energy projects, particularly in emerging economies, advancements in technology, such as IoT and AI, enabling more efficient asset management, and are the prominent factors driving the growth of the asset integrity management market.
• However, the high initial investment costs for implementing asset integrity management solutions, lack of skilled personnel for managing complex AIM systems, and challenges associated with data management and integration across multiple assets are restraining the market growth.
• On the contrary, the increasing adoption of cloud-based and mobile asset management solutions, growing demand for asset integrity management services in the renewable energy sector, and opportunities for asset integrity management outsourcing and third-party services are creating opportunities for market growth.

By, Industry, the Power is Expected to Have a Huge Demand During the Forecast Period
The power segment dominated the market share, and it is expected to maintain this trajectory throughout the forecast period due to the rising popularity of renewable energy sources, there emerges a pressing requirement for robust asset management systems to ensure the reliability and efficiency of operations. Additionally, as electricity infrastructure ages on a global scale, need for monitoring and maintenance solutions rises, driven by regulatory compliance requirements and risk reduction goals.

Furthermore, rising electricity demand, particularly in emerging economies, drives significant investments in power infrastructure, raising the demand for asset management services. . Furthermore, the industry's growing use of digitalization and smart grid technologies requires improved monitoring and maintenance solutions, boosting its position in the asset management market landscape.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market
The Asia Pacific region is forecasted to exhibit a robust presence in the global market due to the rising industrialization and urbanization in Asia Pacific countries are driving significant investments in key infrastructure such as power plants, refineries, and pipelines. As these assets age and face increased operational demands, there is a greater need for AIM solutions to assure their dependability, safety, and compliance with demanding regulatory requirements.

Additionally, the region's exposure to natural disasters such as typhoons, earthquakes, and tsunamis adds to the issues of asset integrity. AIM services play an important role in assessing and mitigating the risks associated with such incidents, protecting infrastructure and reducing downtime.

Moreover, the Asia Pacific region is quickly adopting digital technologies and Industry 4.0 efforts, creating a growing demand for advanced AIM solutions that incorporate data analytics, IoT sensors, and predictive maintenance capabilities. Furthermore, the growing awareness of sustainability and conservation requires AIM services that optimize asset performance, minimize emissions, and improve energy efficiency.

Key Target Audience:
• Oil and Gas Companies
• Energy Utilities
• Petrochemical Industries
• Engineering, Procurement, and Construction (EPC) Firms
• Asset Management Companies

List of the Key Players Profiled in the Report Includes:
• SGS Société Générale de Surveillance SA
• Bureau Veritas
• TechnipFMC plc
• John Wood Group PLC
• Fluor Corporation
• Baker Hughes Company
• Intertek Group plc
• DNV GL AS
• ROSEN Swiss AG
• Aker Solutions ASA
• Oceaneering International Inc.
• TechnipFMC plc
• TWI

Recent Developments:
• In May 2023, Stork, a Fluor Corporation subsidiary, signed a five-year agreement with Harbour Energy. This agreement expands asset integrity services in the North Sea by including the AELE hub (Armada, Everest, Lomond, and Erskine), as well as Solan, the J-Area, and the Great Britannia Area. This collaboration shows Stork's commitment to providing extensive asset integrity solutions for the marine oil and gas sector.
• In March 2023, Baker Hughes and BP p.l.c. have announced a cooperation to advance CordantTM, an integrated suite of solutions for asset performance monitoring and process optimization, with a focus on asset integrity management. This collaboration aims to use technology and knowledge to improve energy infrastructure dependability and efficiency while mitigating asset integrity issues.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Service Type:
• Risk-Based Inspection (RBI)
• Non-Destructive Testing (NDT) Inspection
• Corrosion Management
• Pipeline Integrity Management
• Hazard Identification (HAZID) Study
• Structural Integrity Management
• Reliability, Availability and Maintainability (RAM) Study
• Other Service Types

Market by, Industry:
• Oil & Gas
• Power
• Mining
• Aerospace
• Other Industries

Market by, Geography:
The asset integrity management market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Asset Integrity Management Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges


5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Asset Integrity Management Market by, Service Type
6.1 Overview
6.2 Risk-Based Inspection (RBI)
6.3 Non-Destructive Testing (NDT) Inspection
6.4 Corrosion Management
6.5 Pipeline Integrity Management
6.6 Hazard Identification (HAZID) Study
6.7 Structural Integrity Management
6.8 Reliability, Availability and Maintainability (RAM) Study
6.9 Other Service Types

7 Global Asset Integrity Management Market by, Industry
7.1 Overview
7.2 Oil & Gas
7.3 Power
7.4 Mining
7.5 Aerospace
7.6 Other Industries

8 Global Asset Integrity Management Market by, Geography
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Australia
8.4.6 New Zealand
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 Qatar
8.6.4 Iran
8.6.5 South Africa
8.6.6 Rest of Middle East & Africa

9 Key Developments

10 Company Profiling
10.1 SGS Société Générale de Surveillance SA
10.1.1 Business Overview
10.1.2 Product/Service Offering
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Activities
10.2 Bureau Veritas
10.3 TechnipFMC plc
10.4 John Wood Group PLC
10.5 Fluor Corporation
10.6 Baker Hughes Company
10.7 Intertek Group plc
10.8 DNV GL AS
10.9 ROSEN Swiss AG
10.10 Aker Solutions ASA
10.11 Oceaneering International Inc.
10.12 TechnipFMC plc
10.13 TWI