Global Plant Asset Management (PAM) Market to Reach $19.3 Billion by 2030
The global market for Plant Asset Management (PAM) estimated at US$8.4 Billion in the year 2022, is projected to reach a revised size of US$19.3 Billion by 2030, growing at a CAGR of 11% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 11.5% CAGR and reach US$12.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solutions segment is readjusted to a revised 10.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 15.7% CAGR
The Plant Asset Management (PAM) market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 15.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.Select Competitors (Total 36 Featured) -
- ABB LTD.
- Aspen Tech
- Bentley Systems
- Dassault Systèmes
- DNR Process Solution Pte LTD
- Emerson Electric Co.
- Endress+Hauser AG
- Entsika
- General Electric Co.
- Hexagon PPM
- Honeywell International, Inc.
- Hubhead Corp.
- IBM
- Infoplus Technologies UK Limited
- Nexus Global Business Solutions, Inc.
- Opentext
- Petrofac
- Phoenix AMC
- Plantvision AB
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- SKF Group
- SMAR International Corporation
- Yokogawa Electric Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB LTD.
- Aspen Tech
- Bentley Systems
- Dassault Systèmes
- DNR Process Solution Pte LTD
- Emerson Electric Co.
- Endress+Hauser AG
- Entsika
- General Electric Co.
- Hexagon PPM
- Honeywell International, Inc.
- Hubhead Corp.
- IBM
- Infoplus Technologies UK Limited
- Nexus Global Business Solutions, Inc.
- Opentext
- Petrofac
- Phoenix AMC
- Plantvision AB
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- SKF Group
- SMAR International Corporation
- Yokogawa Electric Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 8.4 Billion |
Forecasted Market Value ( USD | $ 19.3 Billion |
Compound Annual Growth Rate | 11.0% |
Regions Covered | Global |