Asset Integrity Management Market to Reach $31.6 Billion by 2023

MarketsandMarkets, August 31, 2017

According to the report, "Asset Integrity Management Market by Service (RBI, Ram Study, Corrosion Management, Pipeline Integrity Management, Hazid Study, Structural Integrity Management, NDT), Industry, and Geography - Global Forecast to 2023," recently released by MarketsandMarkets, the global Asset Integrity Management (AIM) services market is expected to grow at a CAGR of 8.7% and reach $31.66 billion by 2023.

The increasing demand for asset integrity management services is due to its major use in various industries such as oil and gas for maintaining the integrity of its assets. The growth of this market is propelled by the necessity of asset integrity management in new offshore fields in deep waters; declining efficiencies of ageing assets and the need for operational safety; stringent government safety regulations and quality control requirements; climatic changes affecting the operations of various industries; and declining oil and gas prices increasing the demand for maintaining the assets and plants.

The report provides a detailed analysis of the asset integrity management services market on the basis of service type, industry, and geography.

Click here to read the full article from MarketsandMarkets.

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