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Global Asset Integrity Management Systems (AIMS) Market 2017-2021

  • Published: Nov 2017
  • Pages: 101
  • SKU: IRTNTR15920
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This industry research report identifies ABB, Applus+, Bureau Veritas, Fluor, General Electric, and Intertek as the key vendors in the global asset integrity management systems (AIMS) market. This industry research report also presents a detailed analysis of the market by end-user (oil and gas industry, power industry, marine industry, and mining industry) and by geography (the Americas, APAC, and EMEA).

Overview of the global asset integrity management systems (AIMS) market

Technavio’s market study identifies the growing use of 3-D modelling for asset management to be one of the primary growth factors for the asset integrity management systems (AIMS) market. 3-D modelling has evolved such that, industries are adopting the 3-D technology in their process lines. 3-D laser scanners are used as these can capture detailed data of a physical object and store it in computers. Organizations are utilizing this technology for asset management. Also, vendors in the asset management system market are opting to acquire companies that offer 3-D manufacturing technologies to widen their product portfolio. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 9% by 2021.

The flexibility and minimal resource handling constraint offered by the cloud technology is boosting their implementation in industries. Small and medium-sized industries are steadily preferring cloud-based solutions due to the low cost and easy scalability as per preference. Maintenance-as-a-Service (MaaS) is a cloud-based service offering, which demands the maintenance service to be delivered under pay-as-you-need structure. Owing to the rising maintenance costs, companies are steadily adopting MaaS. The introduction of maintenance-as-a-service model in industries is identified to be one of the key factors having a positive impact on the asset integrity management system (AIMS) market.

Competitive landscape and key vendors

The asset integrity management system (AIMS) market is moderately fragmented owing to the presence of several international and regional vendors. Key vendors are equipped with high brand value and financial strength, while, some vendors cater specifically to oil and gas industry. Several small players are involved in certification and inspection services market. Supported by the growing demand for AIMS, vendors in the asset management system market are engaging extensively in M&A.

The leading vendors in the market are

  • ABB
  • Applus+
  • Bureau Veritas
  • Fluor
  • General Electric
  • Intertek

The other prominent vendors in the market are Aker Solutions, Asset Integrity Engineering, Element Materials Technology, EM&I, Factory IQ, Geanti Marine Limited, Oceaneering International, Penspen, SGS, STAT Marine, and Viper Innovations.

Segmentation by end-user and analysis of the asset integrity management systems (AIMS) market

  • Oil and gas industry
  • Power industry
  • Marine industry
  • Mining industry

Oil and gas industry will be the primary end-user in the AIMS market owing to the increasing deepwater drilling activities by oil and gas companies. AIMS are used in upstream, midstream, and downstream sectors to essentially carry out the designing, commissioning, operating, and decommissioning processes in the industry. Also, upcoming new facilities worldwide will influence the demand in the market.

Geographical segmentation and analysis of the asset integrity management systems (AIMS) market

  • Americas
  • APAC
  • EMEA

EMEA will be the major revenue contributor to the asset management system market due to the increasing renewable power generation and deployment of smart grids in European and the Middle East nations. The large oil and gas industry in this region makes use of AIMS in the oil and gas upstream activities. The increase in the use of renewable energy for power generation and the rise in deployment of smart grids will further boost the power industry in EMEA.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global asset integrity management systems (AIMS) market?
  • What are the key market trends impacting the growth of the global asset integrity management systems (AIMS) market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global asset integrity management systems (AIMS) market?
  • What are the market opportunities and threats faced by the vendors in the global asset integrity management systems (AIMS) market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global asset integrity management systems (AIMS) market?

Technavio also offers customization on reports based on specific client requirement.

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2016
  • Market size and forecast 2016-2021

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Global AIMS market by oil and gas industry – Market size and forecast 2016-2021
  • Global AIMS market by power industry – Market size and forecast 2016-2021
  • Global AIMS market by marine industry – Market size and forecast 2016-2021
  • Global AIMS market by mining industry – Market size and forecast 2016-2021
  • Market opportunity by end-user

PART 08: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • AIMS market in EMEA – Market size and forecast 2016-2021
  • AIMS market in Americas – Market size and forecast 2016-2021
  • AIMS market in APAC – Market size and forecast 2016-2021
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Emergence of prescriptive analytics in analysis
  • Rising use of digital twin by companies
  • Introduction of maintenance-as-a-service model in industries

PART 12: VENDOR LANDSCAPE

  • Competitive landscape
  • Other prominent vendors

PART 13: KEY VENDOR ANALYSIS

  • Key vendor analysis
  • ABB
  • Applus+
  • Bureau Veritas
  • Fluor
  • General Electric
  • Intertek

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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