Asset Integrity Management (AIM) is a process used to ensure that critical assets are maintained in a safe and reliable condition. It includes activities such as asset inspection, repair, and replacement, as well as operational and maintenance procedures.
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The key trends in Asset Integrity Management technology are:
- Improved data management and analysis capabilities
- Increased focus on condition-based monitoring
- Improved asset health and performance prediction
- Greater use of sensors and other data sources
There are three key drivers of the asset integrity management market:
- Increasing emphasis on safety and reliability: With the increasing complexity of industrial operations, there is a growing emphasis on safety and reliability.
- Stringent regulatory requirements: Regulatory requirements related to safety and environmental protection are becoming more stringent.
- The rising cost of asset failures: The cost of asset failures is rising due to the increasing complexity of industrial operations.
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The asset integrity management market is segmented by service type, end-user industry, and region. By service type, the market is divided into corrosion management, pipeline integrity management, hazard identification study, structural integrity management, and others. Based on end-user industry, it is bifurcated into oil and gas, power, mining, aerospace, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
The global asset integrity management market includes players such as Rosen Swiss, Metegrity, TWI, Aker Solutions, Bureau Veritas, SGS, Intertek Group, TechnipFMC, Force Technology, Asset Integrity Engineering, and others.
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