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Asset Integrity Management Services Market research report features incredible demand globally 2019-2027
The global Asset Integrity Management Services Market accounted for US$ 17.95 Bn in 2018 and is expected to grow at a CAGR of 8.9% over the forecast period 2019-2027, to account for US$ 37.92 Bn in 2027.The major influential factor for the asset integrity management service market to upsurge in the current market scenario and over the next couple of years are rising demand for operational safety of aging assets in risk-based industries and stringent rules and regulations imposed upon various industries related to environmental sustainability. However, the cost involved in non-value added maintenance and improper operation is a key deterrent to the asset integrity management service market growth. Nevertheless, the asset integrity management service market is poised to witness upswing in the coming years, owing to the constantly rising number of oil & gas companies across the globe is anticipated to stimulate the demand for various types of asset integrity management services, which is expected to create significant revenue generation stream in asset integrity management services market in the coming years.
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Analysis of the Top Market Players:
1. Aker Solutions
2. Bureau Veritas SA
3. Cybernetix SA
4. DNV GL AS
5. Flour Corporation
6. Intertek Group Plc.
7. John Wood Group Plc.
8. Oceaneering International, Inc.
9. Rosen Group
10. SGS AS
In this report, the market has been segmented on the basis of:
Service Type
• Non-Destructive Testing (NDT) Inspection
• Corrosion Management
• Pipeline Integrity Management
• Structural Integrity Management
• Risk-Based Inspection (RBI)
• Hazard Identification (HAZID) Study
• Reliability-Availability-Maintainability (RAM) Study
• Forensic Engineering
• Failure Analysis Services
Industry
• Oil & Gas
• Power
• Marine
• Mining
• Aerospace
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Asset integrity management services market is anticipated to witness a high growth during the coming years. This is attributed to various factors including an increase in the need for operational safety of aging assets in risk-based industries and strict government safety regulations. Furthermore, the surge in the size of the oil & gas industry with an increase in demand for oil & gas is expected to provide substantial growth opportunity to the market players in near future. However, the cost involved in non-value added maintenance and improper operation is hampering the growth of asset integrity management services market to a certain extent.
The global asset integrity management services market analysis to 2027 is a specialized and in-depth study of the asset integrity management services market with a focus on the global asset integrity management services market trend. The report aims to provide an overview of the global asset integrity management services market with detailed market segmentation by service type, industry, and geography. The global asset integrity management services market is expected to witness high growth during the forecast period. The report includes key statistics on the asset integrity management service market status of the leading market players and offers key trends and opportunities in the asset integrity management service market.
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