Dec 27, 2017   SOURCE: BusinessWire

Asset Integrity Management Market - Forecast to Reach $34.9 Billion by 2023 - Research and Markets

The "Asset Integrity Management - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

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.

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

Companies Mentioned

  • 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.

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Asset Integrity Management Market, By Service Type

6. Global Asset Integrity Management Market, By End User

7. Global Asset Integrity Management Market, By Geography

8. Key Developments

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/mggqxl/asset_integrity