Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How is the Global Asset Integrity Management Market Shaping up for Future Growth?
The asset integrity management market size has shown robust growth in recent years. Rising from $29.16 billion in 2024 to $31.49 billion in 2025, the market has recorded a compound annual growth rate (CAGR) of 8.0%. Various factors contributed to this growth, such as intricate industrial processes, safety and environmental concerns, focus on risk management, globalization of operations, and a shift from reactive to proactive maintenance.
The pace of growth in the asset integrity management market is expected to quicken over the next few years. By 2029, the market is forecasted to reach $46.59 billion, growing at a CAGR of 10.3%. The forecasted growth hinges on factors such as human factors and behavioral safety, circular economy practices, energy efficiency and sustainability, predictive analytics for equipment health, and supply chain resilience. Adoption of digital twins, advanced data analytics for predictive maintenance, remote monitoring and inspection technologies, digitalization of asset documentation and records, cybersecurity measures for asset protection, and collaboration for interoperability are anticipated to be major trends in the market.
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What are the Key Drivers of the Asset Integrity Management Market?
The increasing demand for maintaining assets is a key driver expected to fuel growth of the asset integrity management market. With businesses placing a higher emphasis on preventing significant harm to people and the community, boosting business efficiency, the uptake of asset integrity management (AIM) services has risen. For instance, MISTRAS Group, a US-based provider of advanced technology-enabled asset security solutions, saw a revenue growth from $0.67 billion in 2021 to $0.68 billion in 2022, marking an increase of 1.51%. Hence, it is clear that the increasing demand for asset integrity management services bolsters the market’s growth.
Which Segments Feature Prominently in the Asset Integrity Management Market?
– Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Other Services Types
– End Use Industry: Oil And Gas, Power, Mining, Aerospace, Other End Users
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Who Are the Major Players in the Asset Integrity Management Market?
The asset integrity management market features numerous major companies, including SGS Société Générale de Surveillance SA, The Welding Institute Limited, EM&I Group, LifeTech Engineering Limited, Aker Solutions ASA, Applus+ Services S. L., DNV GL AS, Wood Group (John) PLC, Oceaneering International Inc., Intertek Group plc, Metegrity Inc., FORCE Technology Norway AS, Bureau Veritas SA, TechnipFMC plc, Fluor Corporation, Dacon Inspection Technologies, General Electric Company, ABB Ltd., Siemens AG, TÜV SÜD Group, American Bureau of Shipping (ABS), Velosi Asset Integrity Limited, Axess Group AS, Element Materials Technology, MISTRAS Group Inc., Genesis Oil and Gas Consultants Ltd., Penspen Ltd., Asset Guardian Solutions Ltd., Lloyd’s Register, GE Oil & Gas.
What are the Emerging Trends in the Asset Integrity Management Market?
The adoption of strategic partnerships is a prominent trend in the asset integrity management market. By leveraging each other’s strengths and resources, companies strive to achieve mutual benefits and success. For instance, in October 2023, US-based asset integrity management (AIM) software provider, Antea, teamed up with Team Industrial, a provider of integrated digitally enabled asset integrity solutions. The combined capabilities of the two businesses offer a one-stop-shop asset integrity management solution for operators in asset-intensive industries including mining, oil and gas, aerospace, petrochemical, power, nuclear, and pharmaceutical.
Which Region Dominates the Asset Integrity Management Market?
In 2024, North America represented the largest regional market for asset integrity management. Other significant regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Asset Integrity Management Market Report 2025 Offer?
Asset integrity management (AIM) is a methodical approach to managing assets, ensuring their integrity throughout their life cycle. It helps in mitigating and eliminating issues related to corrosion and fatigue crack degradation. AIM ensures that a facility’s assets are designed, procured, installed, and maintained appropriately for their intended application throughout the operation’s life. The Asset Integrity Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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