Product ID: UCMIG20H2005
Plant Asset Management Market Size, Share, Growth Analysis, By Component(Solution, Service), By Deployment Model(Cloud, On-premise), By Asset Type(Production Assets, Automation Assets), By End User(Energy & Power, Oil & Gas), By regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20H2005 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Plant Asset Management Market Insights
Market Overview:
The Plant Asset Management industry had a market size of over $5 billion in 2021, and is expected to have a compound annual growth rate of 10% from 2022 to 2030. The industry is growing due to an increasing demand for better process management in manufacturing and utility plants, leading to improved productivity and reduced resource waste.
Plant Asset Management Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Plant Asset Management Market Report Snapshots
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