At 8+% CAGR Asset Integrity Management Market Potentially Worth $31.66 Billion by 2023 Led by Corrosion Management Services

PUNE, India, Aug. 29, 2017 /PRNewswire-iReach/ -- 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.  Browse 69 Market Data Tables and 70 Figures spread through 187 Pages and in-depth TOC on "Asset Integrity Management Market - Global Forecast to 2023"  http://www.reportsnreports.com/reports/1170675-asset-integrity-management-market-by-service-rbi-ram-study-corrosion-management-pipeline-integrity-management-hazid-study-structural-integrity-management-ndt-industry-and-geography-global-forecast-to-2023.html .

The asset integrity management services market for corrosion management services is expected to grow at the highest CAGR between 2017 and 2023. 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.

The asset integrity management services 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.

The key players in the asset integrity management services market are SGS 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).  Request Sample Copy of "Asset Integrity Management Market by Service (RBI, Ram Study, Corrosion Management, Pipeline Integrity Management, Hazid Study, Structural Integrity Management, NDT), Industry, and Geography - Global Forecast to 2023" research report at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=1170675 .

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; nondestructive 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.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (42%), Tier 2 (33%), and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (46%), Director Level (35%) and others (19%) from various key organizations operating in the asset integrity management services market. The primary interviews were conducted worldwide covering regions such as North America (24%), Middle East (27%), Europe (22%), APAC (21%), and RoW (6%).

Another research titled Asset Management System Market Global Forecast to 2022says, the asset management system market is expected to reach $25.55 billion by 2022, growing at a CAGR of 15.17% between 2016 and 2022. The asset management system market for healthcare industry expected to grow at the highest rate between 2016 and 2022. Barcode solution to hold the largest share in the asset management system market. Asia-Pacific expected to be the fastest-growing market between 2016 and 2022. Companies such as Datalogic S.p.A (Italy), Honeywell International Inc. (U.S.), Impinj, Inc. (U.S.), Mojix, Inc. (U.S.), Sato Holdings Corporation (Japan), Stanley Black and Decker, Inc. (U.S.), TomTom International BV (Netherlands), Topcon Corporation (Japan), Trimble Inc. (U.S.), Ubisense Group Plc. (U.K.), Zebra Technologies Corporation (U.S.) have been profiled in this 180 pages research report available at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=314273 .

About Us:

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Connect with Us: 

LinkedIn:www.linkedin.com/company/reportsnreports

RSS/Feeds:  http: //www.reportsnreports.com/feed/l-latestreports.xml

Media Contact:Hrishikesh Patwardhan, ReportsnReports, +1-888-391-5441, sales@reportsandreports.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE ReportsnReports