Europe Asset Integrity Management Market Forecast to 2030 - Regional Analysis - by Service Type (Non-Destructive Testing Inspection, Corrosion Management, Pipeline Integrity Management, Structural Integrity Management, Risk-Based Inspection, and Others) and End User (Oil & Gas, Power, Marine, Mining, Aerospace, and Others)
The Europe asset integrity management market was valued at US$ 886.15 million in 2022 and is expected to reach US$ 1,834.14 million by 2030; it is estimated to record a CAGR of 9.5% from 2022 to 2030.
Stringent Government Safety Regulations Drive Europe Asset Integrity Management Market
Several companies operating in the asset integrity management market offer services that comply with government regulatory requirements. Currently, with the increase in industrialization, a wide range of companies are operating for advanced solutions to improve the overall efficiency of operations. In industries such as oil & gas, power, chemical, mining, etc., asset integrity management services play a vital role in minimizing risk during manufacturing operations. These industries are associated with several government-led environmental regulations. The regulations in the oil & gas industry are employed for the major objectives of protecting the environment, conserving natural resources, and protecting workers & public health and safety. The oil & gas industry comprises the involvement of a wide range of equipment and operations that causes emissions. Also, equipment operators face difficulty in the maintenance of the emission control equipment. Asset integrity and reliability management software offers a wide variety of services ranging from condition-based monitoring, risk-based inspection analysis, safety integrity management, and asset health indexing to root cause analysis. These services enable the prediction and identification of the failure of assets that can pose a risk to the manufacturing operation. It also leads to proactive inspection and maintenance, which is crucial for productive and efficient operation. As a result, companies are more inclined toward the adoption of asset integrity management services for equipment maintenance and inspection to avoid equipment failure.
Thus, stringent government-led environmental regulations boost the implementation of asset integrity management services across several industries, which drives the asset integrity management market.
Europe Asset Integrity Management Market Overview
The Europe asset integrity management software market includes countries such as France, Germany, Russia, Italy, the UK, and the Rest of Europe. Oil and gas pipelines in Europe are a highly diversified network spread across 50 countries in this region. Pipelines include cross-border lines, international pipelines that originate or end in Europe, and domestic pipelines used for the supply of oil, gas, and various other materials. Oil and natural gas are distributed to the European nations through these pipelines. Russian Federation is the largest supplier of fossil fuels to the European Union. Approximately 40% of the oil and natural gas consumed by the European Union for various purposes is imported from the Russian Federation. The supply chain for oil and gas in Europe is quite different. Third-party access in the EU regulates the transmission of natural gas, and it is distributed on fixed pipelines. Therefore, the use of asset integrity management is majorly by the natural gas pipeline owners and operators. Moreover, several chemical manufacturers in the region are signing agreements to use risk-based inspection asset integrity software. As of June 2021, INEOS signed an agreement to use Antea's risk-based inspection asset integrity software. INEOS determined the Antea Platform, with its certified API 581-compliant RBI and comprehensive IDMS module, to be a robust, reliable solution that adheres to their requirements. The growing demand for asset integrity management software is propelling the growth of the market. Further, several players across Europe are indulging in mergers and acquisitions. For instance, in January 2024, Cenosco, which provides asset integrity software, acquired Shell's integrity management system (IMS) software, making the software available on a broader scale in oil & gas and chemical sectors. Thus, such acquisitions in the region propelled the growth of the asset integrity management software market. Companies across region is making significant investments that are anticipated to be used in the most effective way to guarantee correct and lasting protection to assure the endurance and upgrade of the infrastructure. In order to properly handle the aging infrastructures, a different management approach is needed; this, combined with the fact that the costs of new European infrastructures are more than maintaining the existing network, brings to the point that Europe can have a healthy, available, and usable transport infrastructure network, mainly by preserving and prolonging the lifetime of the existing network.
Europe Asset Integrity Management Market Revenue and Forecast to 2030 (US$ Million)
Europe Asset Integrity Management Market Segmentation
The Europe asset integrity management market is segmented into service type, end user, and country.
Based on service type, the Europe asset integrity management market is categorized into non-destructive testing inspection, corrosion management, pipeline integrity management, structural integrity management, risk-based inspection, and others. The others segment held the largest market share in 2022.
In terms of end user, the Europe asset integrity management market is categorized into oil & gas, power, marine, mining, aerospace, and others. The oil & gas segment held the largest market share in 2022.
By country, the Europe asset integrity management market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe asset integrity management market share in 2022.
SGS SA, Intertek Group Plc, Aker Solutions SA, Bureau Veritas SA, Fluor Corp, DNV Group AS, John Wood Group Plc, Rosen Group, TechnipFMC Plc, and Oceaneering International Inc are some of the leading companies operating in the Europe asset integrity management market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Asset Integrity Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Europe Asset Integrity Management Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Need for Operational Safety of Aging Assets in Risk-Based Industries
5.1.2 Stringent Government Safety Regulations
5.1.3 Rising Adoption of Growth Strategies by Market Players
5.2 Market Restraints
5.2.1 Cost Involved in Non-Value-Added Maintenance and Improper Operation
5.3 Market Opportunities
5.3.1 Expansion of Oil & Gas Industry
5.3.2 Growth in Nuclear Power Industry
5.4 Future Trend
5.4.1 Integration of Digital Twin and IIoT with Asset Integrity Management Software
5.5 Impact of Drivers and Restraints:
6. Asset Integrity Management Market - Europe Market Analysis
6.1 Asset Integrity Management Market Revenue (US$ Million), 2020-2030
6.2 Asset Integrity Management Market Forecast Analysis
7. Europe Asset Integrity Management Market Analysis - by Service Type
7.1 Non-Destructive Testing (NDT) Inspection
7.1.1 Overview
7.1.2 Non-Destructive Testing (NDT) Inspection: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Corrosion Management
7.2.1 Overview
7.2.2 Corrosion Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Pipeline Integrity Management
7.3.1 Overview
7.3.2 Pipeline Integrity Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Structural Integrity Management
7.4.1 Overview
7.4.2 Structural Integrity Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Risk-Based Inspection (RBI)
7.5.1 Overview
7.5.2 Risk-Based Inspection (RBI): Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Asset Integrity Management Market Analysis - by End User
8.1 Oil & Gas
8.1.1 Overview
8.1.2 Oil & Gas: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Power
8.2.1 Overview
8.2.2 Power: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Marine
8.3.1 Overview
8.3.2 Marine: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Mining
8.4.1 Overview
8.4.2 Mining: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Aerospace
8.5.1 Overview
8.5.2 Aerospace: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Asset Integrity Management Market - Country Analysis
9.1 Europe Market Overview
9.1.1 Europe: Asset Integrity Management Market - Revenue and Forecast Analysis - by Country
9.1.1.1 Europe: Asset Integrity Management Market - Revenue and Forecast Analysis - by Country
9.1.1.2 Germany: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Germany: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.2.2 Germany: Asset Integrity Management Market Breakdown, by End User
9.1.1.3 United Kingdom: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 United Kingdom: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.3.2 United Kingdom: Asset Integrity Management Market Breakdown, by End User
9.1.1.4 France: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 France: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.4.2 France: Asset Integrity Management Market Breakdown, by End User
9.1.1.5 Italy: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Italy: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.5.2 Italy: Asset Integrity Management Market Breakdown, by End User
9.1.1.6 Russian Federation: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Russian Federation: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.6.2 Russian Federation: Asset Integrity Management Market Breakdown, by End User
9.1.1.7 Rest of Europe: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Europe: Asset Integrity Management Market Breakdown, by Service Type
9.1.1.7.2 Rest of Europe: Asset Integrity Management Market Breakdown, by End User
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 SGS SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Intertek Group Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Aker Solutions ASA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Bureau Veritas SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fluor Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 DNV Group AS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 John Wood Group Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ROSEN Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TechnipFMC plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Oceaneering International Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
List of Tables
Table 1. Asset Integrity Management Market Segmentation
Table 2. List of Vendors
Table 3. Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million) - by Service Type
Table 5. Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million) - by End User
Table 6. Europe: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Country
Table 7. Germany: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 8. Germany: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 9. United Kingdom: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 10. United Kingdom: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 11. France: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 12. France: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 13. Italy: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 14. Italy: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 15. Russian Federation: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 16. Russian Federation: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 17. Rest of Europe: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by Service Type
Table 18. Rest of Europe: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 19. Heat Map Analysis by Key Players
Table 20. List of Abbreviation
List of Figures
Figure 1. Asset Integrity Management Market Segmentation, by Country
Figure 2. Ecosystem: Asset Integrity Management Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asset Integrity Management Market Revenue (US$ Million), 2020-2030
Figure 5. Asset Integrity Management Market Share (%) - by Service Type (2022 and 2030)
Figure 6. Non-Destructive Testing (NDT) Inspection: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Corrosion Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Pipeline Integrity Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Structural Integrity Management: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Risk-Based Inspection (RBI): Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Others: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asset Integrity Management Market Share (%) - by End User (2022 and 2030)
Figure 13. Oil & Gas: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Power: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Marine: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Mining: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Aerospace: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Asset Integrity Management Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Europe Asset Integrity Management Market, by Country - Revenue (2022) (US$ Million)
Figure 20. Europe: Asset Integrity Management Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Germany: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
Figure 22. United Kingdom: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
Figure 23. France: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
Figure 24. Italy: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
Figure 25. Russian Federation: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
Figure 26. Rest of Europe: Asset Integrity Management Market - Revenue and Forecast to 2030(US$ Million)
1. SGS SA
2. Intertek Group Plc
3. Aker Solutions SA
4. Bureau Veritas SA
5. Fluor Corp
6. DNV Group AS
7. John Wood Group Plc
8. Rosen Group
9. TechnipFMC Plc
10. Oceaneering International Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe asset integrity management market.
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