The Europe Infrastructure Asset Management Market would witness market growth of 8.6% CAGR during the forecast period (2023-2030).
Managing roads, bridges, railways, and airports is crucial to ensuring safe and efficient travel. Asset management helps transportation authority’s prioritize maintenance and upgrades to extend the lifespan of these critical assets. Managing water treatment plants, pipelines, and sewage systems is essential to provide clean water and proper sanitation to urban and rural areas. Asset management in this sector enhances the reliability of these systems.
The power generation and distribution sector rely on asset management to optimize the performance of power plants, grids, and substations, ensuring a continuous electricity supply. Asset management in this context involves maintaining schools, hospitals, government offices, and recreational facilities, improving their functionality and longevity. Managing the network of cell towers, fiber-optic cables, and data centers is essential for the smooth functioning of modern communication systems.
Asset management extends to the oversight of natural resources like forests, parks, and wildlife reserves, helping to balance conservation and economic interests. In the era of smart cities, asset management plays a crucial role in integrating technology and data analytics to enhance the efficiency of urban infrastructure, including traffic management, waste collection, and public safety.
The UK's maritime industry is a vital part of the transportation network. Ports are expanded and modernized to support global trade and logistics in the UK. The expenditure of £35.3 million for essential maintenance on the Tyne Bridge and adjacent Central Motorway, like enhancements to traffic management and cycle route facilities, will generate £130.5 million in economic benefits by enhancing local connectivity. The A35 Redbridge Causeway is a crucial link between the New Forest, Southampton, and its port. Its essential maintenance will cost £13.4 million, and enhanced connectivity will result in roughly £340 million in direct economic benefits. All these factors will uplift the regional market’s expansion in coming years.
The Germany market dominated the Europe Infrastructure Asset Management Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,719.7 million by 2030. The UK market is showcasing a CAGR of 7.7% during (2023 - 2030). Additionally, The France market would register a CAGR of 9.5% during (2023 - 2030).
Based on Component, the market is segmented into Services (Operational Asset Management, Strategic Asset Management, Tactical Asset Management), and Solution. Based on Application, the market is segmented into Transportation, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure, Mining, 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 Infrastructure Asset Management Market will Hit $73.3 Billion by 2030, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Golder Associates (WSP Global Inc.), Tetra Laval International S.A, Clarios, LLC. (Brookfield Business Partners), Macquarie Group Limited, SIMCO Technologies, Pitney Bowes, Inc., SNC-Lavalin Group, Inc., Aabasoft Technologies Pvt. Ltd., ThomasLloyd Global Asset Management GmbH, EverStream Capital Management.
By Component
By Application
By Country
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