According to a new market report by Lucintel, the future of the asset integrity management market looks promising with opportunities in the oil & gas, power, mining, and aerospace industries. The global asset integrity management market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are stringent government safety and quality control regulations, declining efficiency of aging assets, and increasing need for operational safety.
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In this market, non-destructive testing (NDT), risk-based inspection (RBI), corrosion management, pipeline integrity management, hazard identification (HAZID) study, structural integrity management, and reliability, availability, & maintainability (RAM) study are the various service types. Lucintel forecasts that non-destructive testing will remain the largest service type segment over the forecast period due to high demand in end use industries for reliability, safety, and cost efficiency.
North America will remain the largest region during the forecast period due to large scale presence of exploration plants and heavy & complex equipment uses.
SGS, Fluor, Intertek, DNV GL, Bureau Veritas, John Wood Group, ROSEN Swiss, Aker Solutions ASA, Oceaneering International, and TechnipFMC are among the major asset integrity management manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global asset integrity management market by service type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Asset Integrity Management Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global asset integrity management market by service type, end use industry, and region as follows:
By Service Type [$M shipment analysis for 2015 – 2026]:
Non-Destructive Testing (NDT)
Risk-Based Inspection (RBI)
Corrosion Management
Pipeline Integrity Management
Hazard Identification (HAZID) Study
Structural Integrity Management
Reliability, Availability, And Maintainability (RAM) study
Others
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Power
Mining
Aerospace
Others
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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