SHARE
Plant Asset Management Market

Plant Asset Management - Global Market Outlook (2018-2027)

4.7 (27 reviews)
Published: December 2019 ID: SMRC18841
4.7 (27 reviews)
Published: December 2019 ID: SMRC18841

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Plant Asset Management Market is accounted for $5.57 billion in 2018 and is expected to reach $16.07 billion by 2027 growing at a CAGR of 12.5% during the forecast period. Increasing adoption of lean manufacturing practices, growing demand for cloud-based PAM solutions, and increasing demand for real-time data analysis are likely to boost the growth of the Plant Asset Management market. However, high investment cost and need for periodic up gradation of PAM solutions and complexities involved in the installation of PAM solution are likely to hamper the profit boundaries.

Plant asset management is a practice used to optimize operations and gain maximum benefits from all the involved assets in a facility. It is a process of enhancing field devices and monitoring their functioning. This is used to improve the machine operating performance, thus reducing maintenance cost and documentation. Plant asset management is a cost-cutting strategy used in different industrial plants; it predicts potential asset failures and precautionary measures needed to minimize the downtime according to the size of an industrial plant. Plant asset management assesses the condition of assets and uses different technologies such as ultrasonic vibration, and modelling software to protect and forecast the health of an asset.

Based on asset type, the automation assets segment is likely to have a huge demand due to the increasing adoption of automation in industries such as oil and gas, chemical, food and beverages, automotive, and aerospace and defense. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the several advancements and technological innovations in different manufacturing industries. Adoption of plant asset management solution is high in APAC due to the growing manufacturing sector in the region.

Some of the key players in the Plant Asset Management market are the AB SKF, ABB Ltd, Emerson Electric Co, Endress+Hauser Management AG, General Electric Co, Honeywell International, Inc, Rockwell Automation, Inc, Schneider Electric Se, Siemens AG, and Yokogawa Electric Corporation.

Asset Types Covered:
• Automation Assets
• Production Assets

Deployment Modes Covered:
• Cloud (Online) Deployment
• Offline Deployment

Offerings Covered:
• Hardware
• Software
• Services

End Users Covered:
• Discrete Industry
• Process Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary         
           
2 Preface 
        
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 End User Analysis        
 3.7 Emerging Markets        
 3.8 Futuristic Market Scenario       
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Plant Asset Management Market, By Asset Type     
 5.1 Introduction        
 5.2 Automation Assets        
 5.3 Production Assets        
           
6 Global Plant Asset Management Market, By Deployment Mode    
 6.1 Introduction        
 6.2 Cloud (Online) Deployment       
 6.3 Offline Deployment       
           
7 Global Plant Asset Management Market, By Offering     
 7.1 Introduction        
 7.2 Hardware        
 7.3 Software         
 7.4 Services         
  7.4.1 Content Management      
  7.4.2 Device Configuration      
  7.4.3 Information Management      
  7.4.4 Monitoring & Controlling      
  7.4.5 Performance Management      
           
8 Global Plant Asset Management Market, By End User     
 8.1 Introduction        
 8.2 Discrete Industry        
  8.2.1 Semiconductor and Electronics     
  8.2.2 Medical Device       
  8.2.3 Automotive       
  8.2.4 Aerospace and Defense      
 8.3 Process Industry        
  8.3.1 Water and Wastewater      
  8.3.2 Pulp and Paper       
  8.3.3 Pharmaceutical and Biotech      
  8.3.4 Oil and Gas       
  8.3.5 Metal and Mining       
  8.3.6 Food and Beverages      
  8.3.7 Energy and Power       
  8.3.8 Chemical        
           
9 Global Plant Asset Management Market, By Geography     
 9.1 Introduction        
 9.2 North America        
  9.2.1 US        
  9.2.2 Canada        
  9.2.3 Mexico        
 9.3 Europe         
  9.3.1 Germany        
  9.3.2 UK        
  9.3.3 Italy        
  9.3.4 France        
  9.3.5 Spain        
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan        
  9.4.2 China        
  9.4.3 India        
  9.4.4 Australia        
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil        
  9.5.3 Chile        
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia       
  9.6.2 UAE        
  9.6.3 Qatar        
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa      
           
10 Key Developments         
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions        
 10.5 Other Key Strategies       
           
11 Company Profiling         
 11.1 AB SKF         
 11.2 ABB Ltd.         
 11.3 Emerson Electric Co.       
 11.4 Endress+Hauser Management AG      
 11.5 General Electric Co.        
 11.6 Honeywell International, Inc.       
 11.7 Rockwell Automation, Inc.       
 11.8 Schneider Electric Se       
 11.9 Siemens AG        
 11.10 Yokogawa Electric Corporation


List of Tables          
1 Global Plant Asset Management Market Outlook, By Region (2017-2027) (US $MN)    
2 Global Plant Asset Management Market Outlook, By Asset Type (2017-2027) (US $MN)   
3 Global Plant Asset Management Market Outlook, By Automation Assets (2017-2027) (US $MN)  
4 Global Plant Asset Management Market Outlook, By Production Assets (2017-2027) (US $MN)   
5 Global Plant Asset Management Market Outlook, By Deployment Mode (2017-2027) (US $MN)  
6 Global Plant Asset Management Market Outlook, By Cloud (Online) Deployment (2017-2027) (US $MN)  
7 Global Plant Asset Management Market Outlook, By Offline Deployment (2017-2027) (US $MN)  
8 Global Plant Asset Management Market Outlook, By Offering (2017-2027) (US $MN)   
9 Global Plant Asset Management Market Outlook, By Hardware (2017-2027) (US $MN)   
10 Global Plant Asset Management Market Outlook, By Software (2017-2027) (US $MN)   
11 Global Plant Asset Management Market Outlook, By Services (2017-2027) (US $MN)   
12 Global Plant Asset Management Market Outlook, By Content Management (2017-2027) (US $MN)  
13 Global Plant Asset Management Market Outlook, By Device Configuration (2017-2027) (US $MN)  
14 Global Plant Asset Management Market Outlook, By Information Management (2017-2027) (US $MN)  
15 Global Plant Asset Management Market Outlook, By Monitoring & Controlling (2017-2027) (US $MN)  
16 Global Plant Asset Management Market Outlook, By Performance Management (2017-2027) (US $MN)  
17 Global Plant Asset Management Market Outlook, By End User (2017-2027) (US $MN)   
18 Global Plant Asset Management Market Outlook, By Discrete Industry (2017-2027) (US $MN)   
19 Global Plant Asset Management Market Outlook, By Semiconductor and Electronics (2017-2027) (US $MN) 
20 Global Plant Asset Management Market Outlook, By Medical Device (2017-2027) (US $MN)   
21 Global Plant Asset Management Market Outlook, By Automotive (2017-2027) (US $MN)   
22 Global Plant Asset Management Market Outlook, By Aerospace and Defense (2017-2027) (US $MN)  
23 Global Plant Asset Management Market Outlook, By Process Industry (2017-2027) (US $MN)   
24 Global Plant Asset Management Market Outlook, By Water and Wastewater (2017-2027) (US $MN)  
25 Global Plant Asset Management Market Outlook, By Pulp and Paper (2017-2027) (US $MN)   
26 Global Plant Asset Management Market Outlook, By Pharmaceutical and Biotech (2017-2027) (US $MN)  
27 Global Plant Asset Management Market Outlook, By Oil and Gas (2017-2027) (US $MN)   
28 Global Plant Asset Management Market Outlook, By Metal and Mining (2017-2027) (US $MN)   
29 Global Plant Asset Management Market Outlook, By Food and Beverages (2017-2027) (US $MN)  
30 Global Plant Asset Management Market Outlook, By Energy and Power (2017-2027) (US $MN)   
31 Global Plant Asset Management Market Outlook, By Chemical (2017-2027) (US $MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

 

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials