資産完全性管理市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年4月

Asset Integrity Management Market – Global Forecast to 2029

資産完全性管理市場 : サービスの種類 (NDT、リスクベースの検査、腐食管理、パイプラインの完全性、危険性の特定、構造的完全性の管理、信頼性の可用性と保守性) – 2029年までの世界予測
Asset Integrity Management Market by Service Type (NDT, Risk-based Inspection, Corrosion Management, Pipeline Integrity, Hazard Identification, Structural Integrity Management, Reliability Availability and Maintainability) – Global Forecast to 2029

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Report Overview

The global asset integrity management market is expected to be valued at USD 23.9 billion in 2024 and is projected to reach USD 31.5 billion by 2029; it is expected to grow at a CAGR of 5.7% from 2024 to 2029.

世界の資産完全性管理市場は、2024 年に 239 億米ドルに達すると予想され、2029 年までに 315 億米ドルに達すると予測されています。 2024 年から 2029 年にかけて 5.7% の CAGR で成長すると予想されています。

The asset integrity management market focuses on ensuring critical assets’ reliability, safety, and efficiency across industries. The rising need to maintain aging assets in risk-based sectors is a crucial driver for the asset integrity management market. As infrastructure ages, the risk of deterioration increases, necessitating proactive maintenance strategies. Industries such as oil and gas prioritize asset integrity to mitigate risks and ensure regulatory compliance. Risk-based approaches help prioritize resources and interventions, minimizing downtime and maximizing asset value.

資産完全性管理市場 : 2029年までの世界予測

“Corrosion management services to exhibit highest CAGR in the asset integrity management market”

Corrosion management is anticipated to exhibit the highest market share during the forecast period due to its critical importance in ensuring the longevity and reliability of industrial assets across various sectors. Corrosion significantly threatens infrastructure, equipment, and facilities, leading to safety risks, environmental damage, and costly downtime. As industries increasingly prioritize asset integrity and regulatory compliance, the demand for comprehensive corrosion management solutions continues to surge. These solutions encompass corrosion monitoring, prevention, mitigation, and remediation techniques aimed at proactively identifying and addressing corrosion issues to extend asset lifespan and minimize operational disruptions. Moreover, with aging infrastructure and harsh operating environments prevalent in sectors such as oil and gas, manufacturing, and transportation, the need for effective corrosion management strategies becomes even more pronounced, driving its dominance in the asset integrity management market.

“Power industry to exhibit highest CAGR in asset integrity management market.”

Due to several key factors, the power industry is poised to exhibit the highest market share during the forecast period. The increasing adoption of renewable energy sources requires robust asset integrity management to ensure reliability and efficiency. Additionally, aging power infrastructure globally necessitates comprehensive asset monitoring and maintenance solutions for risk mitigation and regulatory compliance. Furthermore, the growing demand for electricity, particularly in emerging economies, drives investments in power generation and distribution infrastructure, thereby increasing the demand for asset integrity management services. Lastly, the industry’s shift towards digitalization and smart grid technologies mandates advanced asset monitoring and predictive maintenance solutions, contributing to its dominance in the asset integrity management market.

資産完全性管理市場 : 2029年までの世界予測 ecosystem

“Offshore oil & gas plant in asset integrity management market to exhibit highest CAGR during the forecast period”

The offshore sub-segment within the oil and gas industry is anticipated to demonstrate the highest CAGR in the market due to several key factors. Offshore facilities face unique challenges, such as harsh environmental conditions and stringent regulatory standards, necessitating robust asset integrity management practices. With increasing global energy demand, there is a growing focus on exploring offshore reserves in deeper waters, driving the demand for advanced asset integrity management solutions. Additionally, the complexity of offshore operations and the potential consequences of asset failure further emphasize the need for comprehensive integrity management. Technological advancements enable more efficient monitoring and maintenance of offshore assets, contributing to the anticipated growth in this sub-segment’s market share.

“North America region holds for largest share in asset integrity management market.”

Due to several pivotal factors, North America is positioned to lead the market share in the forecast period. The region’s dense industrial presence across sectors like oil and gas, manufacturing, power generation, and aerospace underscores the necessity for robust asset integrity management practices to ensure operational reliability and safety. Additionally, North America benefits from advanced technological capabilities and stringent regulatory standards, fostering the adoption of sophisticated asset monitoring and maintenance solutions. Furthermore, the region’s commitment to innovation and infrastructure modernization bolsters its asset integrity management market leadership.

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
• By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
• By Region: North America – 35%, Europe – 30%, Asia Pacific – 25%, and RoW – 10%

資産完全性管理市場 : 2029年までの世界予測 region

The key players operating in the asset integrity management market are SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TechnipFMC plc (UK), John Wood Group PLC (UK), Fluor Corporation (US), and Baker Hughes Company (US) among others.

Research Coverage:

The research reports the Asset Integrity Management Market, By Service Type (Risk-based Inspection (RBI), Non-Destructive Testing (NDT) Inspection, Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Reliability, Availability and Maintainability (RAM) Study, and Others), By Industry (Oil & Gas, Power, Mining, Aerospace, and Others), and Region (North America, Europe, Asia Pacific, and Rest of the world (RoW)). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the asset integrity management market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent asset integrity management market developments. This report covers a competitive analysis of upcoming startups in the asset integrity management market ecosystem.

Key Benefits of Buying the Report

Analysis of key drivers (Increasing need to maintain aging assets in risk-based industries, New discoveries of resources fueling demand of asset integrity globally, Rising importance of asset integrity management due to environmental disturbances affecting plant operations, Stringent safety regulations and quality control requirements), restraints (Complexity and high cost of system installation, Regulatory compliance burden within asset integrity management), opportunities (Rising demand for renewable energy, Expansion of Power Sector in Emerging Economies, Increasing integration of automation in the oil & gas industry, Increasing capacities of oil and gas-fired power plants to fuel asset integrity management), and challenges (Shortage of skilled workforce in asset integrity management, Harsh weather conditions posing challenges in inspection and monitoring) influencing the growth of the asset integrity management market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the asset integrity management market
• Market Development: Comprehensive information about lucrative markets – the report analyses the asset integrity management market across varied regions.
• Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the asset integrity management market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SGS Société Générale de Surveillance SA. (Switzerland), Bureau Veritas (France), TechnipFMC plc (UK), John Wood Group PLC (UK), Fluor Corporation (US), and Baker Hughes Company (US) among others in the asset integrity management market.

Table of Contents

1            INTRODUCTION            32

1.1         STUDY OBJECTIVES      32

1.2         MARKET DEFINITION   32

1.3         STUDY SCOPE  33

1.3.1      INCLUSIONS AND EXCLUSIONS 33

1.3.2      MARKETS COVERED     33

FIGURE 1           ASSET INTEGRITY MANAGEMENT MARKET SEGMENTATION              33

1.3.3      REGIONAL SCOPE         34

1.3.4      YEARS CONSIDERED     34

1.4         CURRENCY CONSIDERED          35

1.5         UNIT CONSIDERED       35

1.6         LIMITATIONS   35

1.7         STAKEHOLDERS            35

1.8         SUMMARY OF CHANGES            35

1.9         RECESSION IMPACT      36

2            RESEARCH METHODOLOGY     37

2.1         RESEARCH DATA           37

FIGURE 2           ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH DESIGN              37

2.1.1      SECONDARY AND PRIMARY RESEARCH 38

2.1.2      SECONDARY DATA       39

2.1.2.1   Major secondary sources    39

2.1.2.2   Key data from secondary sources     39

2.1.3      PRIMARY DATA 40

2.1.3.1   Breakdown of primaries     40

2.1.3.2   Key data from primary sources         41

2.1.3.3   Key industry insights          42

2.1.3.4   List of primary interview participants             42

2.2         MARKET SIZE ESTIMATION METHODOLOGY    43

FIGURE 3           ASSET INTEGRITY MANAGEMENT MARKET SIZE ESTIMATION METHODOLOGY           43

2.2.1      BOTTOM-UP APPROACH           44

2.2.1.1   Approach to estimate market size using bottom-up analysis (demand side)              44

FIGURE 4           ASSET INTEGRITY MANAGEMENT MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH           44

2.2.2      TOP-DOWN APPROACH             44

2.2.2.1   Approach to estimate market size using top-down analysis (supply side)  45

FIGURE 5           ASSET INTEGRITY MANAGEMENT MARKET: TOP-DOWN APPROACH       45

FIGURE 6           ASSET INTEGRITY MANAGEMENT MARKET: SUPPLY-SIDE ANALYSIS          45

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    46

FIGURE 7           ASSET INTEGRITY MANAGEMENT MARKET: DATA TRIANGULATION          46

2.4         RESEARCH ASSUMPTIONS         47

FIGURE 8           ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH ASSUMPTIONS 47

2.5         RESEARCH LIMITATIONS           47

FIGURE 9           ASSET INTEGRITY MANAGEMENT MARKET: RESEARCH LIMITATIONS   47

2.6         RISK ASSESSMENT         48

TABLE 1             ASSET INTEGRITY MANAGEMENT MARKET: RISK ASSESSMENT              48

2.7         PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON ASSET INTEGRITY MANAGEMENT MARKET       48

TABLE 2             PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON ASSET INTEGRITY MANAGEMENT MARKET 48

3            EXECUTIVE SUMMARY 49

FIGURE 10         NON-DESTRUCTIVE TESTING INSPECTION TO ACCOUNT FOR LARGER SHARE THROUGHOUT FORECAST PERIOD      50

FIGURE 11         OFFSHORE PLANTS WITHIN OIL & GAS INDUSTRY TO CAPTURE DOMINANT SHARE BY 2029   51

FIGURE 12         POWER INDUSTRY TO COMMAND ASSET INTEGRITY MANAGEMENT MARKET BY 2029            51

FIGURE 13         NORTH AMERICA HELD LARGEST SHARE OF ASSET INTEGRITY MANAGEMENT MARKET IN 2023            52

4            PREMIUM INSIGHTS      53

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ASSET INTEGRITY MANAGEMENT MARKET            53

FIGURE 14         ROBUST INDUSTRIAL ENVIRONMENT TO CREATE SIGNIFICANT GROWTH OPPORTUNITIES FOR MARKET PLAYERS           53

4.2         ASSET INTEGRITY MANAGEMENT MARKET IN NORTH AMERICA BY COUNTRY AND INDUSTRY        54

FIGURE 15         US AND OIL & GAS TO HOLD LARGEST SHARE OF NORTH AMERICAN ASSET INTEGRITY MANAGEMENT MARKET IN 2024 54

4.3         ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE  54

FIGURE 16         NON-DESTRUCTIVE TESTING INSPECTION TO ACCOUNT FOR LARGEST MARKET SHARE BY 2029         54

4.4         ASSET INTEGRITY MANAGEMENT MARKET, BY REGION             55

FIGURE 17         INDIA TO RECORD HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD   55

5            MARKET OVERVIEW     56

5.1         INTRODUCTION            56

5.2         MARKET DYNAMICS     57

FIGURE 18         ASSET INTEGRITY MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       57

5.2.1      DRIVERS            58

FIGURE 19         ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF DRIVERS      58

5.2.1.1   Increasing need to maintain aging assets in risk-based industries             58

5.2.1.2   Discovery of new resources through deep water exploration      59

5.2.1.3   Environmental disturbances affecting plant operations 59

FIGURE 20         POTENTIAL RISKS POSED BY CLIMATIC CHANGES TO OIL & GAS INDUSTRY 60

5.2.1.4   Stringent safety regulations and quality control requirements    61

5.2.2      RESTRAINTS     61

FIGURE 21         ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF RESTRAINTS             61

5.2.2.1   Complexity and high cost of system installation in some sectors 62

5.2.3      OPPORTUNITIES           63

FIGURE 22         ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF OPPORTUNITIES     63

5.2.3.1   Rising demand for renewable energy             63

5.2.3.2   Expansion of power sector in emerging economies       64

5.2.3.3   Increasing integration of automation in oil & gas industry          64

5.2.3.4   Increasing capacities of oil- and gas-fired power plants 65

5.2.4      CHALLENGES   65

FIGURE 23         ASSET INTEGRITY MANAGEMENT MARKET: IMPACT ANALYSIS OF CHALLENGES           65

5.2.4.1   Limited availability of skilled workforce         66

5.2.4.2   Harsh operating environment          66

5.3         VALUE CHAIN ANALYSIS            66

FIGURE 24         ASSET INTEGRITY MANAGEMENT MARKET: VALUE CHAIN ANALYSIS          67

5.4         MARKET ECOSYSTEM   68

FIGURE 25         ASSET INTEGRITY MANAGEMENT ECOSYSTEM 68

TABLE 3             COMPANIES AND THEIR ROLE IN ASSET INTEGRITY MANAGEMENT ECOSYSTEM     68

5.5         INVESTMENT AND FUNDING SCENARIO            70

5.5.1      NUMBER OF DEALS IN ASSET INTEGRITY MANAGEMENT MARKET              70

5.5.2      FUNDING SCENARIO IN ASSET INTEGRITY MANAGEMENT MARKET              70

5.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       71

FIGURE 26         ASSET INTEGRITY MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       71

5.7         PRICING ANALYSIS        71

5.7.1      AVERAGE SELLING PRICE TREND          71

FIGURE 27         AVERAGE SELLING PRICE OF INSPECTION AND TESTING SERVICES IN ASSET INTEGRITY MANAGEMENT PROVIDED BY TWO KEY PLAYERS (USD/HR)       72

TABLE 4             AVERAGE SELLING PRICE OF INSPECTION AND TESTING SERVICES IN ASSET INTEGRITY MANAGEMENT PROVIDED BY TWO KEY PLAYERS (USD/HR)       72

FIGURE 28         AVERAGE SELLING PRICE TREND, BY REGION (USD)     72

5.8         TECHNOLOGY ANALYSIS           73

5.8.1      KEY TECHNOLOGIES    73

5.8.1.1   Data Analytics and Machine Learning           73

5.8.1.2   Remote Monitoring and IoT            73

5.8.1.3   3D Laser Scanning and Phased Array Ultrasonic Testing (PAUT)           73

5.8.2      COMPLEMENTARY TECHNOLOGIES     73

5.8.2.1   Cloud Computing 73

5.8.2.2   Blockchain           74

5.8.2.3   Augmented Reality and Virtual Reality          74

5.8.3      ADJACENT TECHNOLOGIES      74

5.8.3.1   Environmental Monitoring 74

5.8.3.2   Energy Harvesting             74

5.9         PORTER’S FIVE FORCES ANALYSIS         74

TABLE 5             ASSET INTEGRITY MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS         75

FIGURE 29         ASSET INTEGRITY MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS         75

5.9.1      INTENSITY OF COMPETITIVE RIVALRY 76

5.9.2      BARGAINING POWER OF SUPPLIERS     76

5.9.3      BARGAINING POWER OF BUYERS           76

5.9.4      THREAT OF NEW ENTRANTS    76

5.9.5      THREAT OF SUBSTITUTES         76

5.10       KEY STAKEHOLDERS AND BUYING CRITERIA    77

5.10.1    KEY STAKEHOLDERS IN BUYING PROCESS         77

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES           77

TABLE 6             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES           77

5.10.2    BUYING CRITERIA         78

FIGURE 31         KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    78

TABLE 7             KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    78

5.11       CASE STUDY ANALYSIS 78

5.11.1    SGS SA CONDUCTS SUITABILITY FOR SERVICE ANALYSIS OF AFFECTED FACILITY IN ENGLAND        78

5.11.2    ASSET INTEGRITY ENGINEERING PROVIDES SOLUTION FOR OFFSHORE OIL & GAS FACILITY             79

5.11.3    DNV CONDUCTS CORROSION INSPECTION FOR REMAINING LIFE ASSESSMENT OF TRANSMISSION PIPELINES      79

5.11.4    DNV EXECUTES ASSESSMENT TO IDENTIFY MAINTENANCE BACKLOG ISSUES  79

5.12       TRADE ANALYSIS          80

5.12.1    IMPORT SCENARIO       80

FIGURE 32         IMPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)    80

5.12.2    EXPORT SCENARIO       80

FIGURE 33         EXPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)    81

5.13       TARIFF AND REGULATORY LANDSCAPE            81

5.13.1    TARIFF ANALYSIS          81

TABLE 8             MFN TARIFF FOR HS CODE 9026-COMPLIANT PRODUCTS EXPORTED BY MEXICO 81

TABLE 9             MFN TARIFF FOR HS CODE 9026-COMPLIANT PRODUCTS EXPORTED BY BRAZIL  82

5.13.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          82

TABLE 10           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         82

TABLE 11           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83

TABLE 12           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         83

TABLE 13           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          84

5.13.3    STANDARDS/REGULATIONS     84

TABLE 14           NORTH AMERICA: STANDARDS/REGULATIONS 84

TABLE 15           EUROPE: STANDARDS/REGULATIONS  84

TABLE 16           ASIA PACIFIC: STANDARDS/REGULATIONS       85

TABLE 17           ROW: STANDARDS/REGULATIONS        85

5.14       PATENT ANALYSIS        86

FIGURE 34         ASSET INTEGRITY MANAGEMENT MARKET: PATENTS APPLIED AND GRANTED, 2014–2023       86

TABLE 18           ASSET INTEGRITY MANAGEMENT MARKET: KEY PATENTS, 2020–2023          87

5.15       KEY CONFERENCES AND EVENTS, 2024–2025     89

TABLE 19           ASSET INTEGRITY MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS, 2024–2025             89

6            OFFERINGS IN ASSET INTEGRITY MANAGEMENT MARKET        90

6.1         INTRODUCTION            90

FIGURE 35         OFFERINGS IN ASSET INTEGRITY MANAGEMENT MARKET              90

6.2         HARDWARE      91

6.3         SOFTWARE       91

6.4         SERVICES          92

7            USE CASES IN ASSET INTEGRITY MANAGEMENT MARKET          93

7.1         INTRODUCTION            93

7.2         VESSELS, PIPING, AND PRESSURE PLANTS         93

7.3         FIRE AND SAFETY SYSTEMS      93

7.4         ELECTRICAL SYSTEMS 94

7.5         ROTATING EQUIPMENT            94

7.6         RELIEF AND VENT SYSTEMS      95

7.7         INSTRUMENTATION AND CONTROL SYSTEMS 95

8            ASSET INTEGRITY MANAGEMENT MARKET METHODOLOGIES 97

8.1         INTRODUCTION            97

8.2         RELIABILITY-CENTERED MAINTENANCE           97

8.3         ROOT CAUSE ANALYSIS             97

8.4         RELIABILITY ANALYTICS           98

8.5         LIFE CYCLE ASSESSMENT/EXTENSION  98

8.6         FITNESS FOR SERVICE  98

8.7         FAILURE MODES, EFFECTS, AND CRITICALITY ANALYSIS           99

8.8         FINITE ELEMENT ANALYSIS      99

8.9         SAFETY INTEGRITY LEVEL STUDY         99

9            ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE  101

9.1         INTRODUCTION            102

FIGURE 36         NON-DESTRUCTIVE TESTING INSPECTION TO LEAD ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD          102

TABLE 20           ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD BILLION)           103

TABLE 21           ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD BILLION)           103

9.2         RISK-BASED INSPECTION          104

9.2.1      HIGHER NEED FOR RISK ASSESSMENTS IN OIL & GAS INDUSTRY TO FUEL SEGMENT GROWTH         104

FIGURE 37         INTERNATIONAL STANDARDS AND RECOMMENDED PRACTICES FOR IMPLEMENTATION OF RBI       105

TABLE 22           RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)         106

TABLE 23           RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)         106

TABLE 24           RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)             106

TABLE 25           RISK-BASED INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)             107

9.3         NON-DESTRUCTIVE TESTING INSPECTION       107

9.3.1      INCREASING ADOPTION OF ADVANCED TECHNOLOGIES TO BOOST MARKET GROWTH        107

FIGURE 38         METHODS OF NON-DESTRUCTIVE TESTING     108

TABLE 26           NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)         109

TABLE 27           NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)         109

TABLE 28           NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)             109

TABLE 29           NON-DESTRUCTIVE TESTING INSPECTION: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)             110

9.4         CORROSION MANAGEMENT     110

9.4.1      NEED TO MAINTAIN AGING INFRASTRUCTURE AND MITIGATE LOSSES TO DRIVE MARKET       110

FIGURE 39         TYPES OF CORROSION 110

FIGURE 40         ELEMENTS OF CORROSION MANAGEMENT      111

TABLE 30           CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)         112

TABLE 31           CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)         112

TABLE 32           CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)             112

TABLE 33           CORROSION MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)             113

9.5         PIPELINE INTEGRITY MANAGEMENT   113

9.5.1      RISING IMPORTANCE OF EFFECTIVE MANAGEMENT FOR FAILURE PREVENTION TO BOOST SEGMENT      113

TABLE 34           PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)         113

TABLE 35           PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)         114

TABLE 36           PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)             114

TABLE 37           PIPELINE INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)             114

9.6         HAZARD IDENTIFICATION STUDY         115

9.6.1      AWARENESS ABOUT CRITICALITY OF PROACTIVE HAZARD IDENTIFICATION AND RISK MANAGEMENT TO FUEL DEMAND 115

TABLE 38           HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        115

TABLE 39           HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        116

TABLE 40           HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)             116

TABLE 41           HAZARD IDENTIFICATION STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)             116

9.7         STRUCTURAL INTEGRITY MANAGEMENT         117

9.7.1      SEGMENT GROWTH DRIVEN BY COMPLIANCE REQUIREMENTS              117

TABLE 42           STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        117

TABLE 43           STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        118

TABLE 44           STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)            118

TABLE 45           STRUCTURAL INTEGRITY MANAGEMENT: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)            118

9.8         RELIABILITY, AVAILABILITY, AND MAINTAINABILITY (RAM) STUDY              119

9.8.1      TECHNOLOGICAL ADVANCEMENTS BOOST SEGMENT GROWTH              119

FIGURE 41         PROCESS OF STRUCTURAL INTEGRITY MANAGEMENT 119

TABLE 46           RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)          120

TABLE 47           RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)          120

TABLE 48           RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)          120

TABLE 49           RELIABILITY, AVAILABILITY, AND MAINTAINABILITY STUDY: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)          121

9.9         OTHER SERVICE TYPES 121

TABLE 50           OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        121

TABLE 51           OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        122

TABLE 52           OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)            122

TABLE 53           OTHER SERVICE TYPES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)            122

10          ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY        123

10.1       INTRODUCTION            124

FIGURE 42         POWER INDUSTRY TO REGISTER HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD          124

TABLE 54           ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)           124

TABLE 55           ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)           125

10.2       OIL & GAS          125

FIGURE 43         TYPES OF ASSETS IN OIL & GAS PLANTS             125

TABLE 56           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          126

TABLE 57           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          126

TABLE 58           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)        127

TABLE 59           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)        127

10.2.1    OIL & GAS INDUSTRY, BY PLANT LOCATION     127

FIGURE 44         ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION        128

TABLE 60           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION, 2020–2023 (USD BILLION)    128

TABLE 61           OIL & GAS: ASSET INTEGRITY MANAGEMENT MARKET, BY PLANT LOCATION, 2024–2029 (USD BILLION)    128

10.2.1.1 Onshore 129

10.2.1.1.1            Segment driven by large share of oil extraction across the globe 129

10.2.1.2 Offshore 129

10.2.1.2.1            Need to maintain operational continuity and asset protection to propel segment growth   129

10.2.1.3 Subsea   130

10.2.1.3.1            Rising adoption of digital twin technologies to boost market growth              130

10.2.2    OIL & GAS INDUSTRY, BY OPERATING SECTOR 130

10.2.2.1 Upstream             130

10.2.2.2 Midstream           130

10.2.2.3 Downstream        131

10.3       POWER 131

10.3.1    INCREASING NEED TO MITIGATE RISKS ASSOCIATED WITH EQUIPMENT FAILURES IN POWER PLANTS TO FUEL MARKET GROWTH              131

TABLE 62           POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          131

TABLE 63           POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          132

TABLE 64           POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)        132

TABLE 65           POWER: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)        132

10.3.2    RENEWABLE ENERGY POWER PLANTS  133

10.3.2.1 Geothermal Energy           133

10.3.2.2 Wind Energy       133

10.3.2.3 Hydropower Energy          133

10.3.2.4 Solar Energy        133

10.3.2.5 Biomass Energy   133

10.3.2.6 Tidal Energy        134

10.3.3    CONVENTIONAL ENERGY POWER PLANTS        134

10.3.3.1 Nuclear  134

10.3.3.2 Coal       134

10.3.3.3 Fuel Oil 134

10.3.3.4 Natural Gas         134

10.3.3.5 Waste-fired Thermal Power Plants  135

10.4       MINING              135

10.4.1    RISING ADOPTION OF PREVENTIVE MAINTENANCE IN MINING TO FUEL REVENUE GROWTH          135

TABLE 66           MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          135

TABLE 67           MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          136

TABLE 68           MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)        136

TABLE 69           MINING: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)        136

10.5       AEROSPACE      137

10.5.1    INCREASING COMPLIANCE AND SAFETY REQUIREMENTS TO COMPLEMENT SEGMENT GROWTH      137

TABLE 70           AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          137

TABLE 71           AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          138

TABLE 72           AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)        138

TABLE 73           AEROSPACE: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)        138

10.6       OTHERS             139

TABLE 74           OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION) 139

TABLE 75           OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION) 139

TABLE 76           OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)            140

TABLE 77           OTHER INDUSTRIES: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)            140

11          ASSET INTEGRITY MANAGEMENT MARKET, BY REGION             141

11.1       INTRODUCTION            142

FIGURE 45         ASIA PACIFIC TO REGISTER HIGHEST CAGR IN ASSET INTEGRITY MANAGEMENT MARKET DURING FORECAST PERIOD          142

TABLE 78           ASSET INTEGRITY MANAGEMENT MARKET, 2020–2023 (USD BILLION)           142

TABLE 79           ASSET INTEGRITY MANAGEMENT MARKET, 2024–2029 (USD BILLION)           143

TABLE 80           ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)      143

TABLE 81           ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)      143

11.2       NORTH AMERICA          143

FIGURE 46         NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT        144

TABLE 82           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)             145

TABLE 83           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)             145

TABLE 84           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)     145

TABLE 85           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)     146

TABLE 86           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)            146

TABLE 87           NORTH AMERICA: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)            146

11.2.1    US         147

11.2.1.1 Stringent industry regulations to boost market growth 147

11.2.2    CANADA            147

11.2.2.1 Surging demand for AIM services from oil & gas industry to drive market in Canada  147

11.2.3    MEXICO             148

11.2.3.1 Potential investments in oil & gas sector to foster market growth             148

11.2.4    NORTH AMERICA: RECESSION IMPACT 148

11.3       EUROPE             149

FIGURE 47         EUROPE: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT        150

TABLE 88           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)     151

TABLE 89           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)     151

TABLE 90           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          151

TABLE 91           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          152

TABLE 92           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)    152

TABLE 93           EUROPE: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)    152

11.3.1    UK         153

11.3.1.1 Increasing focus on development of renewable energy sources to drive market growth   153

11.3.2    GERMANY         153

11.3.2.1 Rising need to manage existing infrastructure and plant assets to fuel growth              153

11.3.3    FRANCE             154

11.3.3.1 Robust infrastructural growth in renewable energy to fuel growth            154

11.3.4    NORWAY           154

11.3.4.1 Need for asset integrity from established oil & gas industry and growing process industries to fuel market expansion  154

11.3.5    REST OF EUROPE           155

11.3.6    EUROPE: RECESSION IMPACT   155

11.4       ASIA PACIFIC    155

FIGURE 48         ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET SNAPSHOT        156

TABLE 94           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)     157

TABLE 95           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)     157

TABLE 96           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)          157

TABLE 97           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)          158

TABLE 98           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD BILLION)    158

TABLE 99           ASIA PACIFIC: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD BILLION)    158

11.4.1    CHINA  159

11.4.1.1 Large mining industry and growing power generation projects to boost market              159

11.4.2    JAPAN  159

11.4.2.1 Essentiality of oil & gas to mitigate energy demand complements market growth              159

11.4.3    INDIA   160

11.4.3.1 Higher energy demand and introduction of new oil extraction projects boost market growth     160

11.4.4    REST OF ASIA PACIFIC  160

11.4.5    ASIA PACIFIC: RECESSION IMPACT        160

11.5       ROW     161

TABLE 100         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD BILLION)           161

TABLE 101         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD BILLION)           161

TABLE 102         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)             162

TABLE 103         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)             162

TABLE 104         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)   163

TABLE 105         ROW: ASSET INTEGRITY MANAGEMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)   163

11.5.1    MIDDLE EAST  163

TABLE 106         MIDDLE EAST: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2020–2023 (USD MILLION)       163

TABLE 107         MIDDLE EAST: ASSET INTEGRITY MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)       164

11.5.1.1 GCC Countries    164

TABLE 108         GCC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    164

TABLE 109         GCC: ASSET INTEGRITY MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    164

11.5.1.1.1            Bahrain  165

11.5.1.1.1.1         Significant investments in oil & gas sector to propel market growth              165

11.5.1.1.2            Kuwait   165

11.5.1.1.2.1         Rising focus on increasing oil extraction capacity to foster market growth in Kuwait             165

11.5.1.1.3            Oman    166

11.5.1.1.3.1         Focus on bringing diversification in energy sector to proliferate market growth   166

11.5.1.1.4            Qatar     166

11.5.1.1.4.1         Infrastructural expansion in oil & gas sector to boost market growth              166

11.5.1.1.5            Saudi Arabia        167

11.5.1.1.5.1         Large oil reserves provide potential opportunities for market growth              167

11.5.1.1.6            UAE      167

11.5.1.1.6.1         Stringent standards in oil & gas industry to complement revenue growth              167

11.5.1.2 Rest of Middle East            167

11.5.2    AFRICA 168

11.5.2.1 Significant growth in mining industry to fuel adoption 168

11.5.3    SOUTH AMERICA           168

11.5.3.1 Need for efficient operation of oil & gas infrastructure to drive market growth              168

11.5.4    ROW: RECESSION IMPACT         168

12          COMPETITIVE LANDSCAPE       169

12.1       OVERVIEW        169

12.2       OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024              169

TABLE 110         ASSET INTEGRITY MANAGEMENT MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024  169

12.3       MARKET SHARE ANALYSIS, 2023             171

FIGURE 49         ASSET INTEGRITY MANAGEMENT MARKET SHARE ANALYSIS, 2023      171

TABLE 111         ASSET INTEGRITY MANAGEMENT MARKET: DEGREE OF COMPETITION, 2023     171

12.4       COMPANY REVENUE ANALYSIS, 2018–2022         173

FIGURE 50         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022  173

12.5       COMPANY VALUATION AND FINANCIAL METRICS        173

FIGURE 51         COMPANY VALUATION, 2022 (USD MILLION)    173

FIGURE 52         FINANCIAL METRICS (EV/EBITDA), 2022            174

12.6       PRODUCT/BRAND COMPARISON          174

FIGURE 53         PRODUCT/BRAND COMPARISON          174

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   175

12.7.1    STARS  175

12.7.2    EMERGING LEADERS    175

12.7.3    PERVASIVE PLAYERS     175

12.7.4    PARTICIPANTS 175

FIGURE 54         ASSET INTEGRITY MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      176

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      177

12.7.5.1 Company footprint            177

FIGURE 55         ASSET INTEGRITY MANAGEMENT MARKET: COMPANY FOOTPRINT      177

12.7.5.2 Region footprint  178

TABLE 112         ASSET INTEGRITY MANAGEMENT MARKET: REGION FOOTPRINT      178

12.7.5.3 Service type footprint        179

TABLE 113         ASSET INTEGRITY MANAGEMENT MARKET: SERVICE TYPE FOOTPRINT      179

12.7.5.4 Industry footprint 180

TABLE 114         ASSET INTEGRITY MANAGEMENT MARKET: INDUSTRY FOOTPRINT      180

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          180

12.8.1    PROGRESSIVE COMPANIES       180

12.8.2    RESPONSIVE COMPANIES          181

12.8.3    DYNAMIC COMPANIES 181

12.8.4    STARTING BLOCKS       181

FIGURE 56         ASSET INTEGRITY MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 181

12.8.5    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023             182

12.8.5.1 Key startups/SMEs            182

TABLE 115         ASSET INTEGRITY MANAGEMENT MARKET: KEY STARTUPS/SMES           182

12.8.5.2 Competitive benchmarking of startups/SMEs 183

TABLE 116         ASSET INTEGRITY MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES  183

12.9       COMPETITIVE SCENARIOS AND TRENDS           184

12.9.1    PRODUCT LAUNCHES  184

TABLE 117         ASSET INTEGRITY MANAGEMENT MARKET: PRODUCT LAUNCHES, MARCH 2020–FEBRUARY 2024          184

12.9.2    DEALS  185

TABLE 118         ASSET INTEGRITY MANAGEMENT MARKET: DEALS, MARCH 2020–FEBRUARY 2024    185

12.9.3    EXPANSIONS    190

TABLE 119         ASSET INTEGRITY MANAGEMENT MARKET: EXPANSIONS, MARCH 2020–FEBRUARY 2024    190

12.9.4    OTHERS             191

TABLE 120         ASSET INTEGRITY MANAGEMENT MARKET: OTHERS, MARCH 2020–FEBRUARY 2024    191

13          COMPANY PROFILES    194

(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*

13.1       KEY PLAYERS   194

13.1.1    SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA 194

TABLE 121         SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: COMPANY OVERVIEW        194

FIGURE 57         SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: COMPANY SNAPSHOT        195

TABLE 122         SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED   195

TABLE 123         SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA: DEALS 196

13.1.2    BUREAU VERITAS          198

TABLE 124         BUREAU VERITAS: COMPANY OVERVIEW           198

FIGURE 58         BUREAU VERITAS: COMPANY SNAPSHOT          199

TABLE 125         BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          199

TABLE 126         BUREAU VERITAS: EXPANSIONS             200

TABLE 127         BUREAU VERITAS: OTHERS       200

13.1.3    TECHNIPFMC PLC         202

TABLE 128         TECHNIPFMC PLC: COMPANY OVERVIEW          202

FIGURE 59         TECHNIPFMC PLC: COMPANY SNAPSHOT         203

TABLE 129         TECHNIPFMC PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          203

TABLE 130         TECHNIPFMC PLC: PRODUCT LAUNCHES         204

13.1.4    JOHN WOOD GROUP PLC          205

TABLE 131         JOHN WOOD GROUP PLC: COMPANY OVERVIEW           205

FIGURE 60         JOHN WOOD GROUP PLC: COMPANY SNAPSHOT          206

TABLE 132         JOHN WOOD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          206

TABLE 133         JOHN WOOD GROUP PLC: DEALS          207

TABLE 134         JOHN WOOD GROUP PLC: OTHERS       208

13.1.5    FLUOR CORPORATION 209

TABLE 135         FLUOR CORPORATION: COMPANY OVERVIEW 209

FIGURE 61         FLUOR CORPORATION: COMPANY SNAPSHOT 209

TABLE 136         FLUOR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          210

TABLE 137         FLUOR CORPORATION: EXPANSIONS   210

TABLE 138         FLUOR CORPORATION: OTHERS            211

13.1.6    BAKER HUGHES COMPANY       212

TABLE 139         BAKER HUGHES COMPANY: COMPANY OVERVIEW        212

FIGURE 62         BAKER HUGHES COMPANY: COMPANY SNAPSHOT        213

TABLE 140         BAKER HUGHES COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   213

TABLE 141         BAKER HUGHES COMPANY: DEALS       214

13.1.7    INTERTEK GROUP PLC 217

TABLE 142         INTERTEK GROUP PLC: COMPANY OVERVIEW 217

FIGURE 63         INTERTEK GROUP PLC: COMPANY SNAPSHOT 218

TABLE 143         INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          218

TABLE 144         INTERTEK GROUP PLC: PRODUCT LAUNCHES 219

TABLE 145         INTERTEK GROUP PLC: DEALS 220

TABLE 146         INTERTEK GROUP PLC: EXPANSIONS    221

TABLE 147         INTERTEK GROUP PLC: OTHERS            221

13.1.8    AKER SOLUTIONS          222

TABLE 148         AKER SOLUTIONS: COMPANY OVERVIEW          222

FIGURE 64         AKER SOLUTIONS: COMPANY SNAPSHOT          223

TABLE 149         AKER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          224

TABLE 150         AKER SOLUTIONS: OTHERS       224

13.1.9    APPLUS+           225

TABLE 151         APPLUS+: COMPANY OVERVIEW            225

FIGURE 65         APPLUS+: COMPANY SNAPSHOT           226

TABLE 152         APPLUS+: PRODUCTS/SOLUTIONS/SERVICES OFFERED              226

TABLE 153         APPLUS+: DEALS           227

TABLE 154         APPLUS+: EXPANSIONS 227

TABLE 155         APPLUS+: OTHERS        228

13.1.10  DNV AS 229

TABLE 156         DNV AS: COMPANY OVERVIEW 229

FIGURE 66         DNV AS: COMPANY SNAPSHOT 230

TABLE 157         DNV AS: PRODUCTS/SOLUTIONS/SERVICES OFFERED  230

TABLE 158         DNV AS: DEALS 232

TABLE 159         DNV AS: EXPANSIONS   233

13.1.11  OCEANEERING INTERNATIONAL, INC.  234

TABLE 160         OCEANEERING INTERNATIONAL, INC.: COMPANY OVERVIEW              234

FIGURE 67         OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT              235

TABLE 161         OCEANEERING INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   235

TABLE 162         OCEANEERING INTERNATIONAL, INC.: DEALS  236

TABLE 163         OCEANEERING INTERNATIONAL, INC.: OTHERS             237

13.2       OTHER PLAYERS           238

13.2.1    TÜV SÜD           238

13.2.2    ROSEN SWISS AG            239

13.2.3    LIFETECH ENGINEERING LTD  240

13.2.4    EM&I    241

13.2.5    METEGRITY INC.           242

13.2.6    FORCE TECHNOLOGY  243

13.2.7    TWI LTD.           244

13.2.8    OES       245

13.2.9    BELL ENERGY  246

13.2.10  ABS GROUP OF COMPANIES, INC.          247

13.2.11  VELOSI ASSET INTEGRITY LTD 248

13.2.12  AXESS GROUP  249

13.2.13  ELEMENT MATERIALS TECHNOLOGY   250

13.2.14  RINA     251

13.2.15  ASSET INTEGRITY ENGINEERING          252

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.

14          APPENDIX         253

14.1       INSIGHTS FROM INDUSTRY EXPERTS   253

14.2       DISCUSSION GUIDE      253

14.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             256

14.4       CUSTOMIZATION OPTIONS      258

14.5       RELATED REPORTS       258

14.6       AUTHOR DETAILS         259