Asset Integrity Management Market Global Review From 2017 to 2023 of 187 pages added by reports and reports explores Global Asset Integrity Management Market size, trends, demand, share, growth, industry, and companies’ analysis to 2023. Time-Sensitive Networking (TSN) is a set of standards under development by the Time-Sensitive Networking task group of the IEEE 802.1 working group. According to study global Asset Integrity Management market reaching $31.66 billion at a CAGR of 53.8% by 2023.
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Asset Integrity Management Company analysed in report are GS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Fluor Corporation (US), Aker Solutions ASA (Norway),Applus+ Servicios Technológicos, S.L. (Spain), DNV GL AS (Norway), John Wood Group PLC (UK), Oceaneering International Inc. (US), ROSEN Swiss AG (Switzerland), and Technip FMC plc (UK).
“Asset integrity management services market for corrosion management is expected to grow at the highest CAGR during forecast period”
The market for corrosion management services is expected to grow at the highest CAGR between 2017 and 2023.
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The corrosion management services include cathodic protection, protective coating, chemical injection, and corrosion monitoring. The benefits of corrosion management include a reduction in environmental hazards caused by mechanical failures resulting in the leakage of hazardous gasses and liquids, increased availability of plant, reduction in unplanned maintenance, optimization of monitoring costs, and improvement in the working environment.
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“Asset integrity management services market for power to grow at highest CAGR during forecast period”
The market for the power industry is expected to grow at the highest CAGR between 2017 and 2023. The current state of power industry enforces it to economize and, at the same time, indulge in innovations to increase the production.
In the power industry, the asset integrity management services are used for ensuring the efficient and optimal working of power plants. The asset integrity management services also ensure the optimization of resources and efficient running of the plants.
NDT is the basic technique for both identifying and seizing large flaws, and checking material degradation in the form of thermal aging, plastic deformation, fatigue, residual stress, creep, and stress corrosion cracking, among others.
“Asset integrity management services market in APAC to grow at highest CAGR during forecast period”
The asset integrity management services market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The asset integrity management services ensure optimum utilization of the available resources and consequent reduction of the oil imports.
Thus, the growing oil and gas industry and the investments made in this industry are driving the asset integrity management services market in APAC.
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Research Coverage: The research report analyzes the asset integrity management services based on service type, industry, and geography. The market has been segmented on the basis of service type into risk-based inspection (RBI); reliability, availability, and maintainability (RAM) study; corrosion management; pipeline integrity management; hazard identification (HAZID) study; structural integrity management; non-destructive testing (NDT); and others.
The industries implementing these services include oil and gas, power, mining, aerospace, and others. The report covers the market segmented on the basis of 4major regions—North America, Europe, APAC, and RoW.