Dublin, Nov. 13, 2025 (GLOBE NEWSWIRE) -- The "Asset Integrity Management Global Market Opportunities And Strategies To 2034" has been added to ResearchAndMarkets.com's offering.
The global asset integrity management market, rigorously analyzed in the recent report, demonstrated robust growth from $29.16 billion in 2024, charting a future trajectory to $37.89 billion by 2029, growing at a CAGR of 5.38%. As industries increasingly prioritize asset performance and compliance, the market is projected to reach an impressive valuation of $48.04 billion by 2034 at a CAGR of 4.86% from 2029.
The historical period's growth was predominantly driven by heightened oil and gas activities, escalating demand for renewable energy, digital transformation, and aging infrastructure challenges. However, cybersecurity issues and complex legacy system integrations posed growth impediments.
Looking forward, stringent regulatory requirements, emphasis on safety and environmental measures, and expansive energy projects, coupled with industrial and infrastructure advancements, are set to propel the market. Potential hindrances include a skilled workforce shortage, high implementation costs, and geopolitical trade concerns.
The market segmentation by service type reveals non-destructive testing (NDT) as a dominant force, representing 30.30% or $8.83 billion in 2024. Corrosion management is anticipated to be the fastest-growing segment, with a notable CAGR of 6.59% from 2024 to 2029.
In terms of end-user industry, the oil and gas sector leads, holding 35.53% or $10.36 billion of the market in 2024. This segment is projected to expand further with a CAGR of 5.72% through 2029.
Regionally, North America claimed supremacy, holding 35.80% or $10.43 billion in 2024, closely followed by Asia Pacific, Western Europe, and others. Notably, Asia Pacific is on course for the most significant expansion, targeting a 6.45% CAGR, with North America closely behind at 5.34%.
In a fragmented landscape, the top ten competitors constitute 14.95% of the market, with DNV GL AS at the forefront with a 1.66% share. Other notable players include Bureau Veritas SA, SGS Societe Generale de Surveillance SA, and TUV SUD Group, each holding significant market positions. Opening opportunities in NDT and oil and gas segments forecast significant revenue gains, with expected annual sales increases of $2.26 billion and $3.32 billion, respectively, by 2029. The US is poised for the most considerable market size increment of $2.78 billion.
Trends demand strategic market approaches, emphasizing predictive asset management and AI-powered solutions for optimized efficiency and sustainability. Furthermore, growth strategies include forging strategic partnerships, enhancing acquisitions, and expanding into emerging markets and digital domains.
Industry leaders are advised to prioritize innovation in predictive asset management, AI-driven monitoring, and regional distribution enhancements. Equally vital is the development of a skilled workforce to maintain competitive edge and ensure direct engagement with end-users for enhanced market penetration.
Reasons to Purchase:
- Acquire a comprehensive global overview by exploring 15 geographical markets covered in the report.
- Understand the market dynamics as it rebounds from the coronavirus impact, with insights on expected growth trends.
- Formulate targeted regional and country strategies utilizing local data and in-depth analysis.
- Identify high-growth investment segments.
- Outmaneuver competitors using extensive forecast data, market drivers, and evolving trends.
- Gauge customer insights through current market research findings.
- Benchmark against top competitors to evaluate performance.
- Enhance strategic decisions with crucial data relationships.
- Utilize reliable data for supporting both internal and external presentations.
Markets Covered:
- Service Types: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, and others.
- End User Industries: Oil and Gas, Power, Mining, Aerospace, and others.
Companies Featured
- DNV GL AS
- Bureau Veritas SA
- SGS Societe Generale de Surveillance SA
- TUV SUD Group
- Intertek Group plc
- Lloyd's Register Group Limited (LR)
- American Bureau of Shipping (ABS)
- Worley
- John Wood Group plc (Wood)
- Aker Solutions ASA
- Hyosung Heavy Industries
- Korea Testing & Research Institute (KTR)
- ESG Reporting Intelligence
- Element Materials Technology
- IMRANDD Ltd
- Cenosco
- Vincotte
- John Wood Group PLC
- TWI Global Academy
- IMRANDD Ltd.
- Levi9 Global Sourcing
- Exus Renewables
- Saipem S.p.A.
- Velosi Asset Integrity Limited
- TechnipFMC plc
- Fluor Corporation
- ABL Group
- Repsol Oil and Gas Canada Inc
- Metegrity Inc
- Caneil
- Antea
- MISTRAS Group
- Oceaneering International Inc
- General Electric Company (GE)
- GE Oil and Gas
- Vidya Technology Ltd
- Axess Group
- Rosen Group
- Asset Integrity Engineering (AIE)
- Antea Group
- IFS AB
- BP?p.l.c
- Abu Dhabi National Oil Company
- Wellube
- Aker Solutions
For more information about this report visit https://www.researchandmarkets.com/r/ikv3a6
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
