Global Asset Integrity Management Market is Expected to Reach $34.94 billion by 2023

Market Research Report on Global Asset Integrity Management Market

RAIPUR, INDIA, January 10, 2018 /EINPresswire.com/ --

Report Sellers has added a new market research report “Asset Integrity Management - Global Market Outlook (2017-2023)” to its offerings.

According to Report, the Global Asset Integrity Management market is expected to grow from $17.86 billion in 2016 to reach $34.94 billion by 2023 with a CAGR of 10.1%. Increasing awareness to mitigate capital expenditure of oil fields, growing pressure from governments to maintain quality & safety control requirements, and raise in exploration of new deep water offshore fields are some of the factors fostering the market growth. Furthermore, rapid growth in power sector and adopting new technologies are some other factors boosting the market growth during the forecast period. On the other hand, shortage of skilled professionals and unfavorable environmental situations are some of the restraints limiting the market growth.

Nondestructive Testing (NDT) Inspection is a major service type among the other services. This process is broadly applied in numerous in-service application and manufacturing industries. Oil and gas industry is heavily uses asset integrity managed services to mitigate risk and minimize operating costs. These services are apt for subsea, onshore, and offshore oil fields for maintaining safe and quality requirements.

North America region is holding the largest market revenue over the forecast period. High oil and gas exploration activities in this region impacting the North America market growth. Asia Pacific is projected to witness high growth rate during the forecast period. The growth is attributed to growing power consumption and increasing adoption of asset integrated managed services from emerging economy countries such as India, Japan, and China are driving the Asia Pacific market growth.

Some of the key players in global asset integrity management market include Aker Solutions ASA, Applus + Servicios Tecnolgicos, S.L., Bureau Veritas SA, DNV GL AS, EM&I Ltd, Fluor Corporation, Genesis Oil and Gas Consultants Ltd., Intertek Group PLC, John Wood Group PLC, Lifetech Engineering Ltd., Meridium Inc., Metegrity Inc., Oceaneering International Inc., ROSEN Swiss AG, SGS SA, and TechnipFMC plc.

Browse through the complete description and in-depth TOC on “Global Asset Integrity Management Market”
https://www.reportsellers.com/market-research-report/Asset-Integrity-Management---Global-Market-Outlook-2017-2023

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global asset integrity management market has been segmented by service types covered, end users covered and regions covered

Service Types Covered:
Corrosion Management
Hazard Identification (HAZID) Study
Reliability, Availability, and Maintainability (RAM) Study
Pipeline Integrity Management
Nondestructive Testing (NDT) Inspection
Risk-Based Inspection (RBI)
Structural Integrity Management
Other Service Types

End Users Covered:
Aerospace
Mining
Power
Oil and Gas
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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