South America Oil & Gas Assets Integrity Management Services Market – Size, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Home > Reports > Services > Energy Power > South America Oil & Gas Assets Integrity Management Services Market – Size, Trends and Forecast (2024 – 2032)
South America Oil & Gas Assets Integrity Management Services Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Asset Integrity Management (AIM) is a process of knowledge and experience used for events in design and manage the risk of failures, construction and during operation of facilities to ensure optimal production without compromising health, safety, and environmental requirements.  AIM services are more efficient and are used in the operations essential for the current longer oil price scenario.

South America Oil & Gas Assets Integrity Management (AIM) Services Market Segments Size & Growth:

South America Oil & Gas Assets Integrity Management (AIM) Services Market is projected to register XX% CAGR reach $XX billion by 2024. Key factors driving the growth of global oil and & gas asset management services market are augmenting demand for maintaining the asset and plant owing to the declination of prices, Government concerns about safety and quality control regulations, Climate changes affecting the various industries and some others. Complex Process of System Installation and High Initial Cost is the key factor hampering the market growth. Improvements in the global power sector are going to be the essential opportunity for the global oil and gas assets integrity management services market. By implementing the cloud technologies in assets management services will also create growth for the market. Lack of skilled labour will have the impact on market growth.

South America Oil & Gas Assets Integrity Management (AIM) Services Market Segments Share:

Global oil & gas asset integrity management services market is divided into services includes hardware, software, and services. Hardware is estimated to be the largest revenue generating segment over 2018-2024 as more AIM services are hardware related. There are many devices being used in many service

South America Oil & Gas Assets Integrity Management Services Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
types like corrosion management, structural integrity management, pipeline integrity management, hazid (Hazard Identification) study and some others both in onshore and offshore industry. Based on service type global oil and gas asset integration management service market is segmented into corrosion management, structural integrity management, pipeline integrity management, hazid (Hazard Identification) study, RAM Study, RBI, NDT, and others. NDT is come into existence over a few decades and continuing as the best method for solving the subsurface and service defects among the segments mentioned. By using the service techniques such as magnetic particle, visual and ultrasonic different types of service techniques are enabled. These techniques are beneficial and are used in the many industries.

Global asset management system market based on type is divided into downstream, upstream and mid-stream. Downstream and mid-stream are estimated to have grown over 2018-2024. Due to increasing population, growth in industrialisation, urbanisation, and increasing per capita income are the main reasons for the growth which will lead to the growth of AIM services.

As per the industry, global oil & gas asset management services market is segmented into onshore and offshore. Rising demand for oil and gas is intern leading to higher exploration activities being carried out at the offshore plants owing to the poor number of oil at onshore locations. The systems and devices used in the offshore locations need crucial maintenance measures owing to the harsh conditions prevailing in the plant.

Based on geography, Americas generated the largest revenue owing to the growth in various countries like U.S., Canada, and Mexico.  The U.S. is expected to have growth attributed to growing

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South America Oil & Gas Assets Integrity Management Services Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
production of oil and gas in the Permian basis of Texas and Mexico. Canada having the efficient market price for the oil and gas industry and many private players are into the market.

South America Oil & Gas Assets Integrity Management (AIM) Services Market Trends:

  • Air emission testing, ballast water sampling, and some others are the technique used by the SGS SA for the asset management services.

South America Oil & Gas Assets Integrity Management (AIM) Services Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

  • SGS SA
  • Intertek Group PLC
  • Aker Solutions ASA
  • Bureau Veritas SA
  • Fluor Corporation
  • ROSEN Swiss AG
  • John Wood Group PLC

Along with these companies, there were many other companies considered/cited in the report while analysing the global oil & gas asset integrity management market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

 

 

 

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