The North America Asset Integrity Management Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Asset integrity activities occur at multiple organizational levels. Industry-sponsored technical committees and organizations are working continuously to develop the state of knowledge regarding the proper design, safety checks, tests, and preventive maintenance (ITPM) practices to ensure that equipment is fit for service at commissioning and remains fit for service throughout its life.
Companies (or business units) frequently create centers in the area of asset integrity, create corporate standards, and support initiatives to constantly raise the safety and dependability of process equipment. The asset integrity element activities take place every day at an operational facility and involve operators, maintenance staff, inspectors, engineers, contractors, and anyone else who is engaged in the design, specification, installation, operation, or maintenance of equipment.
Design integrity is the first important component of a successful integrity management plan. The AIM project will have a firm foundation due to a focus on design integrity. Assuring design integrity begins with a project's conceptual phase. Owner/operators should focus on several integrity-related factors in this situation. In this stage, users want to make sure that the idea won't result in any form of unacceptable danger.
Due to Canadarm's success, Canadarm2, which is currently a fixture on the International Space Station, was developed. Lifting large payloads, positioning ISS construction-related components, and docking the Space Shuttle to the Space Station are all made easier with the help of Canadarm2. Unlike the Shuttle's Canadarm, which can reach and move in several ways, the ISS arm can reach various locations of the ISS by moving end to end in an inchworm-like motion. This function will be useful when the Station expands.
The US market dominated the North America Asset Integrity Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,487.8 million by 2028.The Canada market is poised to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Asset Integrity Management Market, by Industry
1.4.2 North America Asset Integrity Management Market, by Service Type
1.4.3 North America 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. North America Asset Integrity Management Market by Industry
4.1 North America Oil & Gas Market by Country
4.2 North America Power Market by Country
4.3 North America Mining Market by Country
4.4 North America Aerospace Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Asset Integrity Management Market by Service Type
5.1 North America Non-Destructive Testing (NDT) Market by Country
5.2 North America Risk-Based Inspection (RBI) Market by Country
5.3 North America Corrosion Management Market by Country
5.4 North America Pipeline Integrity Management Market by Country
5.5 North America Hazard Identification (HAZID) Study Market by Country
5.6 North America Structural Integrity Management Market by Country
5.7 North America Reliability, Availability, & Maintainability (RAM) study Market by Country
5.8 North America Others Market by Country
Chapter 6. North America Asset Integrity Management Market by Country
6.1 US Asset Integrity Management Market
6.1.1 US Asset Integrity Management Market by Industry
6.1.2 US Asset Integrity Management Market by Service Type
6.2 Canada Asset Integrity Management Market
6.2.1 Canada Asset Integrity Management Market by Industry
6.2.2 Canada Asset Integrity Management Market by Service Type
6.3 Mexico Asset Integrity Management Market
6.3.1 Mexico Asset Integrity Management Market by Industry
6.3.2 Mexico Asset Integrity Management Market by Service Type
6.4 Rest of North America Asset Integrity Management Market
6.4.1 Rest of North America Asset Integrity Management Market by Industry
6.4.2 Rest of North America 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 North America Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 2 North America Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 3 North America Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 4 North America Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 5 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Power Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Power Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Mining Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Mining Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 16 North America Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 17 North America Non-Destructive Testing (NDT) Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Non-Destructive Testing (NDT) Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Risk-Based Inspection (RBI) Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Risk-Based Inspection (RBI) Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Corrosion Management Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Corrosion Management Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Pipeline Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Pipeline Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Hazard Identification (HAZID) Study Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Hazard Identification (HAZID) Study Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Structural Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Structural Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Reliability, Availability, & Maintainability (RAM) study Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Reliability, Availability, & Maintainability (RAM) study Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Asset Integrity Management Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Asset Integrity Management Market by Country, 2022 - 2028, USD Million
TABLE 35 US Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 36 US Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 37 US Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 38 US Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 39 US Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 40 US Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 41 Canada Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 42 Canada Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 43 Canada Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 44 Canada Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 45 Canada Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 46 Canada Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 47 Mexico Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 48 Mexico Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 49 Mexico Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 50 Mexico Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 51 Mexico Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 52 Mexico Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 53 Rest of North America Asset Integrity Management Market, 2018 - 2021, USD Million
TABLE 54 Rest of North America Asset Integrity Management Market, 2022 - 2028, USD Million
TABLE 55 Rest of North America Asset Integrity Management Market by Industry, 2018 - 2021, USD Million
TABLE 56 Rest of North America Asset Integrity Management Market by Industry, 2022 - 2028, USD Million
TABLE 57 Rest of North America Asset Integrity Management Market by Service Type, 2018 - 2021, USD Million
TABLE 58 Rest of North America Asset Integrity Management Market by Service Type, 2022 - 2028, USD Million
TABLE 59 Key Information – Bureau Veritas S.A.
TABLE 60 Key Information – Applus+ Group
TABLE 61 Key Information – SGS S.A.
TABLE 62 Key Information – Intertek Group PLC
TABLE 63 Key Information – TechnipFMC plc
TABLE 64 Key Information – Aker Solutions ASA
TABLE 65 Key Information – Metegrity, Inc.
TABLE 66 Key Information – ROSEN Swiss AG
TABLE 67 Key Information – LifeTech Engineering Ltd
TABLE 68 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