What Has Been The Growth of the Asset Integrity Management Market In Recent Years?
The Asset Integrity Management Market has shown impressive growth over the recent past.
• The market witnessed an expansion from $29.16 billion in 2024 to $31.49 billion in 2025, at a compound annual growth rate (CAGR) of 8.0%.
This growth during the historical period can be ascribed to complex industrial processes, increased safety and environmental concerns, focus on risk management, globalization of operations, and the shift from reactive to proactive maintenance.
What Are The Projections For The Asset Integrity Management Market Growth?
The asset integrity management market is anticipated to witness rapid growth in the next few years.
• What's more, the market is expected to grow to a significant $46.59 billion in 2029 at a CAGR of 10.3%.
The key factors driving the forecasted growth include human factors and behavioral safety, circular economy practices, energy efficiency and sustainability, predictive analytics for equipment health, and supply chain resilience. The market will also experience trends like the adoption of digital twins, advanced data analytics for predictive maintenance, remote monitoring and inspection technologies, digitalization of asset documentation and records, cybersecurity measures for asset protection, and collaboration for interoperability.
What Are The Key Factors Driving The Growth of The Asset Integrity Management Market?
The soaring demand for maintaining assets is expected to fuel the growth of the asset integrity management market. Many businesses are incorporating asset integrity management (AIM) services as they prevent significant harm to people and the community while improving business efficiency. For instance, MISTRAS Group, a US-based provider of advanced technology-enabled asset protection solutions, reported a revenue increase from $0.67 billion in 2021 to $0.68 billion in 2022—an augment of 1.51%. These figures provide evidence for the market-driven growth of asset integrity management.
What Is The Market Segmentation Of The Asset Integrity Management Market?
The asset integrity management market is segmented as follows –
1) By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Other Services Types.
2) By End-Use Industry: Oil And Gas, Power, Mining, Aerospace, Other End Users.
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Which Trends Are Shaping The Asset Integrity Management Market?
Key companies in the asset integrity management market are adopting strategic partnerships to offer verification and certification of assets. Such strategic synergies allow companies to leverage each other's strengths and resources to achieve mutual success. For instance, Antea, a US-based asset integrity management (AIM) software provider, partnered with Team Industrial, a provider of integrated digitally enabled asset integrity solutions, in October 2023. This partnership allows a one-stop shop AIM solution for operators in asset-intensive industries, including mining, oil and gas, aerospace, petrochemical, power, nuclear, and pharmaceutical.
Who Are The Major Players In The Asset Integrity Management Market?
The major companies operating in the asset integrity management market include:
• SGS Société Générale de Surveillance SA
• The Welding Institute Limited
• EM&I Group
• LifeTech Engineering Limited
• Aker Solutions ASA
• Applus+ Services S. L.
• DNV GL AS
• Wood Group (John) PLC
• Oceaneering International Inc.
• Intertek Group plc
What Are The Key Regional Insights Into The Asset Integrity Management Market?
North America was the largest region in the asset integrity management market in 2024, while Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa are the other regions covered in this report. The regional market dynamics revolve around advanced industrial practices, stringent regulatory frameworks, and growing investment in infrastructure development, among others.
