![]() ![]() A certified tablet may be used to check assets digitally for cracking and other signs of wear and tear using risk-based analysis and on-site asset integrity data analysis.IoT sensors can decrease the likelihood of asset failure since they can detect environmental factors like temperature, corrosion, and other problems around the asset and are fundamentally safe. Asset Integrity Management Systems are popular because they use IoT sensors to work and may help businesses understand the past, present, and future state of their assets.In addition, the growing demand from SMEs and other business sectors may provide a cushion for market expansion. In 2022, the North American region accounted for the greatest market share. Nondestructive Testing (NDT) InspectionĪsset Integrity Management Systems have been geographically divided into Global (North America, South America, Europe, Asia Pacific, and MEA).(United States), The Welding Institute (United Kingdom) are some of the key players profiled in the study. Aker Solutions ASA (Norway), Asset Integrity Solutions (Poland), Bell Energy Services UK Limited (United Kingdom), Bureau Veritas SA (France), Fluor Corporation (United States), Intertek Group plc (United Kingdom), SGS SA (Switzerland), John Wood Group PLC (United Kingdom), MISTRAS Group Inc. During the anticipated period, according to a research analyst at HTF Market Intelligence, United Kingdom players will contribute to the market’s growth cycle for global asset integrity management systems. The asset integrity management system has become a widely used tool for managing the security and science of offshore installations and equipment.By utilising digital techniques like cloud-based technology and IoT to ensure smooth asset functioning and lower the risk of mechanism failure during production time, major and medium manufacturing units can maximise their asset performance and extend their shelf life.Highlights from Asset Integrity Management Systems Market Study Attributes Get Free Sample Pages PDF (Including Full TOC, Table & Figures) The growth of the industry has also been aided by several government laws for quality control requirements from different nations. An growth in the need for asset integrity management systems from new offshore operations in deep oceans is driving the market. ![]() Mechanical, control, and structural system integrity are the three key facets of asset integrity management. Asset owners are helped by asset integrity management services and solutions to maintain operational effectiveness while lowering OPEX. To keep expenses in check, sufficient care must be taken with design, operational, and technological integrity. The system refers to an asset’s capacity to work efficiently and effectively, protecting the safety and health of all associated entities as well as the environment by reducing hazards and dangers.Īsset integrity management makes ensuring that the systems, tools, personnel, and resources needed to maintain an asset’s integrity over the course of its lifespan are accessible. To guarantee that an organization’s activities run smoothly and risks are minimised, the system may be used to perform tasks like monitoring, controlling, and planning. This safeguards both the wellbeing of the machinery and the security of persons using it in close proximity. Published Via 11Press : The Global Asset Integrity Management Systems market is expected to grow at a CAGR of 9.34% from 2023 to 2029, predicts HTF Market Intelligence.Īsset integrity management is the process of overseeing a production facility or manufacturing facility to guarantee its effective and efficient functioning. ![]()
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