The Latin America, Middle East and Africa Asset Integrity Management Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
As new SIM data is gathered, it is assessed to see if it raises the operating risk or the chance or effect of platform failure. Data may come through platform updates, in-service inspections, or other sources like new technology or market research. If the operating risk has greatly increased, then some level of engineering review is necessary to establish whether the platform is still appropriate for its intended use or whether risk reduction or mitigation measures are needed.
Measures to reduce risk include alternatives to lessen the chance that the structure may fail, such as strengthening, modification, or repair. Options for risk reduction include operational modifications, such as demanding or removing storage facilities, to minimize the effects of failure. Alternatives for reduction and mitigation will have an impact on finances and operations. Because of this, using proper assessment engineering approaches to assess the facility's suitability for its intended use is typically both efficient and affordable.
The SIM approach recognizes a distinct division between development and assessment engineering. Structural integrity is to ensure that a structure or structural component is safe even when operating conditions go beyond those anticipated during the original design. For the duration of its anticipated lifetime, this involves bearing its weight and attempting to avoid deformation, breaking, and catastrophic failure.
The United Arab Emirates is one of the top 10 oil producers in the world. The country's estimated 100 billion barrels of known oil reserves are located in Abu Dhabi, which is rated sixth in the world, and makeup about 96% of the total. The UAE produces 3.2 million barrels of liquid and petroleum daily. The UAE economy remains largely reliant on hydrocarbons, with the oil and gas industry accounting for 30% of GDP and 13% of exports. The vast majority of the UAE government's income comes from oil and gas exports, which remain a significant source of income for the nation.
The Brazil market dominated the LAMEA Asset Integrity Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $490.7 million by 2028.The Argentina market is exhibiting a CAGR of 7.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Asset Integrity Management Market, by Industry
1.4.2 LAMEA Asset Integrity Management Market, by Service Type
1.4.3 LAMEA 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. LAMEA Asset Integrity Management Market by Industry
4.1 LAMEA Oil & Gas Market by Country
4.2 LAMEA Power Market by Country
4.3 LAMEA Mining Market by Country
4.4 LAMEA Aerospace Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Asset Integrity Management Market by Service Type
5.1 LAMEA Non-Destructive Testing (NDT) Market by Country
5.2 LAMEA Risk-Based Inspection (RBI) Market by Country
5.3 LAMEA Corrosion Management Market by Country
5.4 LAMEA Pipeline Integrity Management Market by Country
5.5 LAMEA Hazard Identification (HAZID) Study Market by Country
5.6 LAMEA Structural Integrity Management Market by Country
5.7 LAMEA Reliability, Availability, & Maintainability (RAM) study Market by Country
5.8 LAMEA Others Market by Country
Chapter 6. LAMEA Asset Integrity Management Market by Country
6.1 Brazil Asset Integrity Management Market
6.1.1 Brazil Asset Integrity Management Market by Industry
6.1.2 Brazil Asset Integrity Management Market by Service Type
6.2 Argentina Asset Integrity Management Market
6.2.1 Argentina Asset Integrity Management Market by Industry
6.2.2 Argentina Asset Integrity Management Market by Service Type
6.3 UAE Asset Integrity Management Market
6.3.1 UAE Asset Integrity Management Market by Industry
6.3.2 UAE Asset Integrity Management Market by Service Type
6.4 Saudi Arabia Asset Integrity Management Market
6.4.1 Saudi Arabia Asset Integrity Management Market by Industry
6.4.2 Saudi Arabia Asset Integrity Management Market by Service Type
6.5 South Africa Asset Integrity Management Market
6.5.1 South Africa Asset Integrity Management Market by Industry
6.5.2 South Africa Asset Integrity Management Market by Service Type
6.6 Nigeria Asset Integrity Management Market
6.6.1 Nigeria Asset Integrity Management Market by Industry
6.6.2 Nigeria Asset Integrity Management Market by Service Type
6.7 Rest of LAMEA Asset Integrity Management Market
6.7.1 Rest of LAMEA Asset Integrity Management Market by Industry
6.7.2 Rest of LAMEA 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 LAMEA Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 4 LAMEA Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 5 LAMEA Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Power Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Power Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Mining Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Mining Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Non-Destructive Testing (NDT) Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Non-Destructive Testing (NDT) Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Risk-Based Inspection (RBI) Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Risk-Based Inspection (RBI) Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Corrosion Management Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Corrosion Management Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Pipeline Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Pipeline Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Hazard Identification (HAZID) Study Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Hazard Identification (HAZID) Study Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Structural Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Structural Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Reliability, Availability, & Maintainability (RAM) study Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Reliability, Availability, & Maintainability (RAM) study Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Asset Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Asset Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 35 Brazil Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 36 Brazil Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 37 Brazil Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 38 Brazil Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 39 Brazil Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 40 Brazil Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 41 Argentina Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 42 Argentina Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 43 Argentina Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 44 Argentina Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 45 Argentina Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 46 Argentina Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 47 UAE Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 48 UAE Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 49 UAE Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 50 UAE Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 51 UAE Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 52 UAE Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 59 South Africa Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 60 South Africa Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 61 South Africa Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 62 South Africa Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 63 South Africa Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 64 South Africa Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 65 Nigeria Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 66 Nigeria Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 67 Nigeria Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 68 Nigeria Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 69 Nigeria Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Nigeria Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Rest of LAMEA Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 72 Rest of LAMEA Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA 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