The global Asset Integrity Management Service Market accounted for US$ 17.95 Bn in 2018 and is expected to grow at a CAGR of 8.9% over the forecast period 2019-2027, to account for US$ 37.92 Bn in 2027.
The major influential factor for the asset integrity management service market to upsurge in the current market scenario and over the next couple of years are rising demand for operational safety of aging assets in risk-based industries and stringent rules and regulations imposed upon various industries related to environmental sustainability. However, the cost involved in non-value added maintenance and improper operation is a key deterrent to the asset integrity management service market growth. Nevertheless, the asset integrity management service market is poised to witness upswing in the coming years, owing to the constantly rising number of oil & gas companies across the globe is anticipated to stimulate the demand for various types of asset integrity management services, which is expected to create signi
