Plant Asset Management (PAM) Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71182
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 Plant Asset Management (PAM) Market - 2021-2025

The plant asset management (PAM) market size is expected to grow by USD 1.66 billion, at a CAGR of 6.64%, between 2021 and 2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the incorporation of 3D modeling in real-time asset management are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

To Unlock the Plant Asset Management (PAM) Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Plant Asset Management (PAM) Market Segments

From this Technavio report, get actionable insights on the plant asset management (PAM) market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (power industry, pulp, and paper industry, oil and gas industry, refining industry, and others) and geography (North America, Europe, APAC, MEA, and South America) in this plant asset management (PAM) market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic plant asset management (PAM) market predictions on consumer demand changes for 2021-2025.

Plant Asset Management (PAM) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.64%

Market growth 2021-2025

$ 1.66 billion

Market structure

Fragmented

YoY growth (%)

6.18

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 49%

Key consumer countries

US, Germany, China, Japan, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

ABB Ltd., Applied Materials Inc., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, General Electric Co., Hitachi Ltd., Honeywell International Inc., Rockwell Automation Inc., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Plant Asset Management (PAM) Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The plant asset management (PAM) market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the plant asset management (PAM) market share during 2021-2025.

The plant asset management (PAM) market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Plant Asset Management (PAM) Market Vendors

Regional Opportunities in Plant Asset Management (PAM) Market - 2021-2025

49% of the plant asset management (PAM) market growth will originate from North America during the forecast period. The US is the key market for plant asset management (PAM) in North America. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Plant Asset Management (PAM) Market Share by Geography

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North America has been exhibiting a significant growth rate for plant asset management (PAM) market vendors. Factors such as the frequent fluctuations in oil prices in recent years have challenged improvements in productivity and optimization of resources in oil companies. This is accelerating the plant asset management (PAM) market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The plant asset management (PAM) market share growth in North America will be faster than the growth of the market in the European, MEA and South American regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Plant Asset Management (PAM) Market Share and Revenue by End-user

Plant Asset Management (PAM) Market Share by End-user

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The plant asset management (PAM) market share growth by the power industry segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the plant asset management (PAM) market size.

From the plant asset management (PAM) market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Plant Asset Management (PAM) Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding plant asset management (PAM) market growth is the threat of substitutes. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

This plant asset management (PAM) market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.


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Plant Asset Management (PAM) Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plant asset management (PAM) market growth during the next five years
  • Precise estimation of the plant asset management (PAM) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plant asset management (PAM) market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plant asset management (PAM) market vendors

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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
Interested in this report?
Get your FREE sample now!
The plant asset management (pam) market growth will increase by $1666.91 million during 2020-2025.
The plant asset management (pam) market is expected to grow at a CAGR of 6.64% during 2020-2025.
Technavio has segmented the plant asset management (pam) market by end user (Power industry, Pulp and paper industry, Oil and gas industry, Refining industry, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
ABB Ltd., Applied Materials Inc., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, General Electric Co., Hitachi Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG are a few of the key vendors in the plant asset management (pam) market.
North America will register the highest growth rate of 48.74% among the other regions. Therefore, the plant asset management (pam) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the plant asset management (pam) market growth are:
  • Incorporation of 3D modeling in real-time asset management
The plant asset management (pam) market vendors should focus on grabbing business opportunities from the power industry segment as it accounted for the largest market share in the base year.
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