The Europe Asset Integrity Management Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Technical integrity must be guaranteed by owners/operators during the building and commissioning phases. The construction contractor shouldn't be the only party responsible for quality control. Owner/operators should take an active role in audits and reviews, ensure they are carried out correctly, and ensure that equipment is manufactured and installed by codes and regulations. Operation employees should actively participate in startups to guarantee a smooth transition.
Operational integrity is the third and, in the opinion of many, most crucial components. The third phase, which includes the stages of operations, maintenance, and decommissioning, is where most assets spend the majority of their lifespan. Many owners/operators place the most importance on this stage because an asset may spend decades in the operate and maintain stage. Here, operational integrity must be guaranteed. Managing assets within operating parameters should be done to guarantee operational integrity after startup.
The integrity management strategies should be appropriately implemented by the operations team. These include non-destructive testing (NDT), finite element analysis, reliability analytics, reliability, availability, and maintainability (RAM) modeling, reliability-centered maintenance (RCM), and risk-based inspection (RBI). At regular periods, integrity strategies should be evaluated and revised, and maintenance and inspection actions should be modified as necessary. Tasks related to preventive, predictive, and corrective maintenance should be performed regularly.
Germany's mining sector is growing, with 800 million metric tons of commodities expected to be extracted in 2019 and 2020. Crushed rock, lignite, sand, and gravel are the most frequently mined materials. There are several sand and gravel mining sites across the country. Germany is also doing well in the production of minerals. By monitoring ventilation or doing a capnograph test on the target patient, healthcare workers can spot any breathing issues early on.
The Germany market dominated the Europe Asset Integrity Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,885.2 million by 2028.The UK market is anticipated to grow at a CAGR of 4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Asset Integrity Management Market is Predict to reach $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Asset Integrity Management Market, by Industry
1.4.2 Europe Asset Integrity Management Market, by Service Type
1.4.3 Europe 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. Europe Asset Integrity Management Market by Industry
4.1 Europe Oil & Gas Market by Country
4.2 Europe Power Market by Country
4.3 Europe Mining Market by Country
4.4 Europe Aerospace Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Asset Integrity Management Market by Service Type
5.1 Europe Non-Destructive Testing (NDT) Market by Country
5.2 Europe Risk-Based Inspection (RBI) Market by Country
5.3 Europe Corrosion Management Market by Country
5.4 Europe Pipeline Integrity Management Market by Country
5.5 Europe Hazard Identification (HAZID) Study Market by Country
5.6 Europe Structural Integrity Management Market by Country
5.7 Europe Reliability, Availability, & Maintainability (RAM) study Market by Country
5.8 Europe Others Market by Country
Chapter 6. Europe Asset Integrity Management Market by Country
6.1 Germany Asset Integrity Management Market
6.1.1 Germany Asset Integrity Management Market by Industry
6.1.2 Germany Asset Integrity Management Market by Service Type
6.2 UK Asset Integrity Management Market
6.2.1 UK Asset Integrity Management Market by Industry
6.2.2 UK Asset Integrity Management Market by Service Type
6.3 France Asset Integrity Management Market
6.3.1 France Asset Integrity Management Market by Industry
6.3.2 France Asset Integrity Management Market by Service Type
6.4 Russia Asset Integrity Management Market
6.4.1 Russia Asset Integrity Management Market by Industry
6.4.2 Russia Asset Integrity Management Market by Service Type
6.5 Spain Asset Integrity Management Market
6.5.1 Spain Asset Integrity Management Market by Industry
6.5.2 Spain Asset Integrity Management Market by Service Type
6.6 Italy Asset Integrity Management Market
6.6.1 Italy Asset Integrity Management Market by Industry
6.6.2 Italy Asset Integrity Management Market by Service Type
6.7 Rest of Europe Asset Integrity Management Market
6.7.1 Rest of Europe Asset Integrity Management Market by Industry
6.7.2 Rest of Europe 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 Europe Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 2 Europe Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 3 Europe Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 4 Europe Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 5 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Power Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Power Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Mining Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Mining Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 16 Europe Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 17 Europe Non-Destructive Testing (NDT) Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Non-Destructive Testing (NDT) Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Risk-Based Inspection (RBI) Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Risk-Based Inspection (RBI) Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Corrosion Management Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Corrosion Management Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Pipeline Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Pipeline Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Hazard Identification (HAZID) Study Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Hazard Identification (HAZID) Study Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Structural Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Structural Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Reliability, Availability, & Maintainability (RAM) study Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Reliability, Availability, & Maintainability (RAM) study Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Asset Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Asset Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 35 Germany Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 36 Germany Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 37 Germany Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 38 Germany Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 39 Germany Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 40 Germany Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 41 UK Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 42 UK Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 43 UK Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 44 UK Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 45 UK Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 46 UK Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 47 France Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 48 France Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 49 France Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 50 France Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 51 France Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 52 France Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 53 Russia Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 54 Russia Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 55 Russia Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 56 Russia Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 57 Russia Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 58 Russia Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 59 Spain Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 60 Spain Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 61 Spain Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 62 Spain Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 63 Spain Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 64 Spain Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 65 Italy Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 66 Italy Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 67 Italy Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 68 Italy Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 69 Italy Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Italy Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Rest of Europe Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 72 Rest of Europe Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 73 Rest of Europe Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 74 Rest of Europe Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 75 Rest of Europe Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 76 Rest of Europe 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