Asset Integrity Management Market Demand and Forecast by 2025

1. Technology Trends Zone TMR Future For Everyone Blog Contact About Asset Integrity Management Market Structure and Overview of Key Market Forces Propelling Industry The global asset integrity management market is foreseen to gain growth due to the decline in oil and gas prices raising the demand for the maintenance of company plants and assets across various industries. New offshore ?elds requiring asset integrity Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. management in deep waters could also be a major factor augmenting market growth. Nondestructive testing (NDT) inspection is expected to be a signi?cant type of service garnering a massive share in the coming years. It has been considered to be one of the most vital techniques of quantifying and identifying subsurface and surface defects. Over the last decades, NDT has evolved substantially and bene?ted a number of industries on the part of the inspection and testing of several devices. The burgeoning size of the oil and gas industry is prognosticated to augur well for the global asset integrity management market. Asset integrity management services could be highly used to keep track of maintenance protocols and ease up inspection processes in the industry. The need for asset integrity management could increase in the near future due to the rising awareness about mitigating capital outlay in oil ?elds. The rise of the aerospace industry could also prove to be crucial for the growth of the market as overhaul, repair, and maintenance providers continue to increase in regions such as Asia Paci?c that carry a growing inclination toward air travel. Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php? ?ag=S&rep_id=32948 Although some of the key players of the global asset integrity management market could face challenges during their operation, speci?c strategies such as acquisitions, Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. expansions, contracts, agreements, and product launches are envisaged to save the day. These could prove to be essential for expanding their business and improving their regional presence in the market. Adoption of new technologies and the rapid growth in the power industry could also be focused upon to cash in on lucrative prospects in the market. Asset integrity management (AIM) ensures the desired performance of an asset effectively and ef?ciently at every stage of its lifecycle. It manages the risk of failures as well as events in design, construction, and during operation of facilities. It ensures optimal production and protection of the environment in addition to human life. Different industries including oil & gas, mining, and power are handling assets through asset integrity management in order to ensure reliability, safety, regulatory compliance, and technical integrity of their assets. The signi?cance of effective asset integrity management increases as the assets of an industry grow in age. Asset integrity management programs focus on structural integrity, mechanical & machine integrity, and control systems integrity, owing to which, the asset owner’s uptime is increased, operating expense (OPEX) is reduced, and business performance is improved. A key factor driving the asset integrity management market is the necessity for operational safety owing to deteriorating effectiveness of aging assets in several industries. Climatic changes is another factor that affects the integrity of assets such as Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. tanks, vessels, pipelines, oil & gas infrastructures, and others. Moreover, ineffective maintenance of asset integrity not only impacts the ?nancial aspect of the industry, but also disturbs the environment and human life. Therefore, governments across the world have set stringent safety regulations and quality control standards that are required to be followed by industries for safer process plants and less impairment to the environment. North America presently dominates the asset integrity management market owing to the presence of large number of exploration plants and existing critical and complicated equipment in the region. Asia Paci?c is anticipated to witness relatively faster growth due to the growing presence of power, mining, and oil & gas industries in the region. PreBook Report at – https://www.transparencymarketresearch.com/checkout.php? rep_id=32948&ltype=S The upstream oil & gas industry faces high operating costs and low oil prices. Increasingly complex infrastructure and aging assets add to the overall cost of the industry, and is considered a major drawback for asset integrity management. Similarly, the downstream oil & gas industry functions at its optimal capacity owing to the high demand for its products and availability of inexpensive feedstock. As a result, the downstream oil & gas industry struggles to sustain the production uptime of its aging Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

5. assets. Given these circumstances, asset integrity management is anticipated to add to the operating cost of the industry. Some of the key players in the asset integrity management market are Aker Solutions ASA, Applus Servicios Tecnológicos, S.L.U., Asset Integrity Solutions, Bell Energy Services UK Limited, Bureau Veritas SA, Fluor Corporation, Intertek Group plc, SGS SA, John Wood Group PLC, MISTRAS Group Inc., TWI Ltd., Metegrity Inc., KMAC Limited, EM&I Ltd., LifeTech Engineering Ltd., Oceaneering International Inc., ROSEN Swiss AG, WorleyParsons Ltd., Bell Energy Services UK Limited, Dacon Services AS, TechnipFMC plc, KMAC Ltd., and Lloyd’s Register Group Services Limited. Read Our Latest News Publication – https://www.prnewswire.com/news-releases/manufacturing-operations-management- mom-software-market-valuation-to-cross-us-17-2-bn-by-2027–?nds-tmr-study- 301394220.html Share this:   Twitter Facebook Like Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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