Oilfield Asset Integrity Management Market Scope
Asset integrity management (AIM) is a term that is widely applied in the oil & gas and refinery industries to effectively manage and maintain plants and other assets. The rapidly growing oil & gas sector worldwide due to the increasing demand for crude oil and petroleum products will accelerate the oilfield AIM market. The AIM hardware and software are highly utilized in the upstream oil & gas industry as it involves the production and exploration of oil & gas. It directly monitors and controls physical assets and manages maintenance.
The Oilfield Asset Integrity Management market study is segmented, by Application (Wells, Fixed and Floating Structures, Pipelines, Offloading Vessels and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Oilfield Asset Integrity Management market throughout the predicted period.
DNV (Norway), Intertek Group plc (United Kingdom), Axess Group (Norway), Applus+ (Spain), Acteon Group Ltd. (United States), Element Materials Technology (United Kingdom), Stantec (Canada), Asset Integrity Engineering (United Arab Emirates), Oceaneering International (United States), Bell Energy (India), LifeTech Engineering Ltd (United Kingdom) and Vysus Group (United Kingdom) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Oilfield Asset Integrity Management market by Type, Application and Region.
On the basis of geography, the market of Oilfield Asset Integrity Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Technological Advancements in the Oilfield Asset Integrity Management Solutions and Growing Preference towards the Cloud-based Solutions
- Surging Demand of AIM Solutions and Services in the Oil & Gas Sector to Maintain Assets and Reduce Downtime
- Increased Concern of Corrosion and Remaining Life of Plant in the Oil & Gas Sector
- Increasing Number of Offshore Drilling Activities in Asia Pacific and East Africa Areas
- High Cost Associated with Software and Hardware May Hamper the Growth
- Presence of a Large Number of Oilfield AIM Providers in the Global Market
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Oilfield Asset Integrity Management Solution & Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Oilfield Asset Integrity Management Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2027.