The Asia Pacific Asset Integrity Management Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
To ensure that assets are operating following the necessary performance standard, the team should pay close attention to correct reporting. Asset integrity is predicated on the idea that most employees will behave ethically, and however idealistic it may sound, most inspection, maintenance, and data management activities are carried out with the best of intentions.
However, things are frequently not finished completely or as quickly as they could be. Simple fixes like more regular inspections won't always catch overlooked problems, and asking employees to do extra inspection work or holding them accountable for errors that go unnoticed won't inspire excitement either. Equipment configuration, operation, failure, repair, and maintenance can all be simulated using RAM modeling.
The physical components, equipment design, and maintenance philosophies of a system are examples of inputs for RAM modeling. The outputs can be used to calculate the system's average production for the course of a building or vessel's lifetime. First, a Reliability Block Diagram is created using the installation's design (RBD). The initial input for software that uses Monte Carlo simulation to estimate system availability and reliability consists of RBDs and component failure data. As a result, it is possible to see how configuration changes affect an installation's availability and dependability.
India is well known for being a mineral and metal-rich nation. After China, the United States, and Russia, India is the fourth-largest producer of minerals. In contrast, India is ranked eighth in terms of the value of mineral production. India's mining industry makes a considerable contribution to the GDP of the entire country. India also produces 88 distinct types of minerals, including four fuel minerals, 10 metallic minerals, 24 minor minerals, 3 atomic minerals, and 47 non-metallic minerals.
The China market dominated the Asia Pacific Asset Integrity Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,285.8 million by 2028.The Japan market is estimated to grow a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Industry, the market is segmented into Oil & Gas, Power, Mining, Aerospace and Others. Based on Service Type, the market is segmented into Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Reliability, Availability, & Maintainability (RAM) study and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Asset Integrity Management Market is Projected to reach USD 28.3 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bureau Veritas S.A., SGS S.A., Intertek Group PLC, TechnipFMC plc, Applus+ Group, Aker Solutions ASA, ROSEN Swiss AG, LifeTech Engineering Ltd., EM&I Group, and Metegrity, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Oil & Gas
- Power
- Mining
- Aerospace
- Others
By Service Type
- Non-Destructive Testing (NDT)
- Risk-Based Inspection (RBI)
- Corrosion Management
- Pipeline Integrity Management
- Hazard Identification (HAZID) Study
- Structural Integrity Management
- Reliability, Availability, & Maintainability (RAM) study
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bureau Veritas S.A.
- SGS S.A.
- Intertek Group PLC
- TechnipFMC plc
- Applus+ Group
- Aker Solutions ASA
- ROSEN Swiss AG
- LifeTech Engineering Ltd.
- EM&I Group
- Metegrity, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Asset Integrity Management Market, by Industry
1.4.2 Asia Pacific Asset Integrity Management Market, by Service Type
1.4.3 Asia Pacific Asset Integrity Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Asset Integrity Management Market
Chapter 4. Asia Pacific Asset Integrity Management Market by Industry
4.1 Asia Pacific Oil & Gas Market by Country
4.2 Asia Pacific Power Market by Country
4.3 Asia Pacific Mining Market by Country
4.4 Asia Pacific Aerospace Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Asset Integrity Management Market by Service Type
5.1 Asia Pacific Non-Destructive Testing (NDT) Market by Country
5.2 Asia Pacific Risk-Based Inspection (RBI) Market by Country
5.3 Asia Pacific Corrosion Management Market by Country
5.4 Asia Pacific Pipeline Integrity Management Market by Country
5.5 Asia Pacific Hazard Identification (HAZID) Study Market by Country
5.6 Asia Pacific Structural Integrity Management Market by Country
5.7 Asia Pacific Reliability, Availability, & Maintainability (RAM) study Market by Country
5.8 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Asset Integrity Management Market by Country
6.1 China Asset Integrity Management Market
6.1.1 China Asset Integrity Management Market by Industry
6.1.2 China Asset Integrity Management Market by Service Type
6.2 Japan Asset Integrity Management Market
6.2.1 Japan Asset Integrity Management Market by Industry
6.2.2 Japan Asset Integrity Management Market by Service Type
6.3 India Asset Integrity Management Market
6.3.1 India Asset Integrity Management Market by Industry
6.3.2 India Asset Integrity Management Market by Service Type
6.4 South Korea Asset Integrity Management Market
6.4.1 South Korea Asset Integrity Management Market by Industry
6.4.2 South Korea Asset Integrity Management Market by Service Type
6.5 Singapore Asset Integrity Management Market
6.5.1 Singapore Asset Integrity Management Market by Industry
6.5.2 Singapore Asset Integrity Management Market by Service Type
6.6 Malaysia Asset Integrity Management Market
6.6.1 Malaysia Asset Integrity Management Market by Industry
6.6.2 Malaysia Asset Integrity Management Market by Service Type
6.7 Rest of Asia Pacific Asset Integrity Management Market
6.7.1 Rest of Asia Pacific Asset Integrity Management Market by Industry
6.7.2 Rest of Asia Pacific Asset Integrity Management Market by Service Type
Chapter 7. Company Profiles
7.1 Bureau Veritas S.A.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expenses
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 Applus+ Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Divisional and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Acquisition and Mergers:
7.3 SGS S.A.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.4 Intertek Group PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.5 TechnipFMC plc
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Aker Solutions ASA
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Metegrity, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 ROSEN Swiss AG
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Business Expansions:
7.9 LifeTech Engineering Ltd.
7.9.1 Company Overview
7.10. EM&I Group
7.10.1 Company Overview
TABLE 1 Asia Pacific Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Power Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Power Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Mining Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Mining Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Non-Destructive Testing (NDT) Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Non-Destructive Testing (NDT) Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Risk-Based Inspection (RBI) Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Risk-Based Inspection (RBI) Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Corrosion Management Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Corrosion Management Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Pipeline Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Pipeline Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Hazard Identification (HAZID) Study Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Hazard Identification (HAZID) Study Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Structural Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Structural Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Reliability, Availability, & Maintainability (RAM) study Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Reliability, Availability, & Maintainability (RAM) study Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Asset Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Asset Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 35 China Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 36 China Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 37 China Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 38 China Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 39 China Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 40 China Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 41 Japan Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 42 Japan Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 43 Japan Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 44 Japan Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 45 Japan Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 46 Japan Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 47 India Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 48 India Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 49 India Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 50 India Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 51 India Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 52 India Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 53 South Korea Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 54 South Korea Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 55 South Korea Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 56 South Korea Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 57 South Korea Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 58 South Korea Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 59 Singapore Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 60 Singapore Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 61 Singapore Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 62 Singapore Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 63 Singapore Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 64 Singapore Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 65 Malaysia Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 66 Malaysia Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 67 Malaysia Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 68 Malaysia Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 69 Malaysia Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Malaysia Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Rest of Asia Pacific Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 72 Rest of Asia Pacific Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 73 Rest of Asia Pacific Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 74 Rest of Asia Pacific Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 77 Key Information – Bureau Veritas S.A.
TABLE 78 Key Information – Applus+ Group
TABLE 79 Key Information – SGS S.A.
TABLE 80 Key Information – Intertek Group PLC
TABLE 81 Key Information – TechnipFMC plc
TABLE 82 Key Information – Aker Solutions ASA
TABLE 83 Key Information – Metegrity, Inc.
TABLE 84 Key Information – ROSEN Swiss AG
TABLE 85 Key Information – LifeTech Engineering Ltd
TABLE 86 Key Information – EM&I Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Bureau Veritas S.A.
FIG 3 Recent strategies and developments: Applus+ Group