Inspectioneering
News

Asset Integrity Management Services Market to Reach $37.92 Billion by 2027

Research and Markets, May 15, 2019

According to the report, "Asset Integrity Management Services Market to 2027 - Global Analysis and Forecasts by Service Type, and Industry" recently released by Research and Markets, the global Asset Integrity Management (AIM) services market accounted for $17.95 billion in 2018 and is expected to grow at a CAGR of 8.9% over the next eight years and reach $37.92 billion by 2027.

The increasing demand for asset integrity management services is due to a variety of factors, including an increase in the need for operational safety of aging assets in risk-based industries and strict government safety regulations. Furthermore, the surge in the size of the oil & gas industry with an increase in demand for oil & gas is expected to provide substantial growth opportunity to the market players in near future.

The report provides a detailed analysis of the asset integrity management services market on the basis of service type, industry, and geography. When looking at service type, the non-destructive (NDT) inspection segment led the global asset integrity management services market in 2018, and the same is anticipated throughout the forecast period from 2019 - 2027. However, the corrosion management segment is expected to experience significant growth in the forecast period.  With regards to industry, the oil & gas segment accounted for the largest market share in 2018, and the same is expected throughout the forecast period from 2019 - 2027. However, the power segment is estimated to be the fastest growing segment from 2019 - 2027. 

Click here to read the full article from Research and Markets.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.