Global Plant Asset Management (PAM) System Market 2017-2021

  • ID: 4390886
  • Report
  • Region: Global
  • 71 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Dassault Systèmes
  • Endress+Hauser
  • Hitachi
  • IBM
  • Petrofac
  • MORE
About Plant Asset Management (PAM) System

A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization. It also generates real-time data of assets, which enables officials to take an informed decision. The real-time data generated by a PAM system can also be used to identify signs of failure, ensuring that plant productivity is not hit due to machine downtime.

The analysts forecast the global plant asset management (PAM) system market to grow at a CAGR of 5.15% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2017-2021. To calculate the market size, the report considers the revenue of top vendors in the market along with the analyst's data source is used.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Plant Asset Management (PAM) System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Emerson
  • Honeywell
  • Rockwell Automation
  • Siemens
Other prominent vendors
  • Applied Material
  • Dassault Systèmes
  • Endress+Hauser
  • GE Digital
  • Hitachi
  • IBM
  • IFS
  • Petrofac
  • SAP
  • Schneider Electric
  • Yokogawa
Market drivers
  • Incorporation of 3D modeling in real time asset management
  • For a full, detailed list, view the full report
Market challenges
  • Threat of substitutes
  • For a full, detailed list, view the full report
Market trends
  • Use of prescriptive analytics for analysis
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Dassault Systèmes
  • Endress+Hauser
  • Hitachi
  • IBM
  • Petrofac
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Market overview
  • Global PAM system market: Power industry
  • Global PAM system market: Oil and gas industry
  • Global PAM system market: Refinery industry
  • Global PAM system market: Petrochemical industry
  • Global PAM system market: Pulp and paper industry
  • Global PAM system market: Chemical industry
  • Global PAM system market: Mining and metal industry
  • Global PAM system market: Others
PART 07: Geographical segmentation
  • Market overview
  • PAM system market in Americas
  • PAM system market in EMEA
  • PAM system market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Use of prescriptive analytics for analysis
  • Convergence of IT and OT
  • Use of digital twin by companies
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • ABB
  • Emerson
  • Honeywell
  • Rockwell Automation
  • Siemens
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global PAM system market segmentation
Exhibit 02: Global PAM system market ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global PAM system market: End user segmentation
Exhibit 05: Market share of global PAM system market by end-users ($ millions)
Exhibit 06: Global PAM system market in the power industry ($ millions)
Exhibit 07: Global PAM system market in oil and gas industry ($ millions)
Exhibit 08: Global PAM system market in refinery industry ($ millions)
Exhibit 09: Global PAM system market in petrochemical industry ($ millions)
Exhibit 10: Global PAM system market in pulp and paper industry ($ millions)
Exhibit 11: Global PAM system market in chemical industry ($ millions)
Exhibit 12: Global PAM system market in mining and metal industry ($ millions)
Exhibit 13: Global PAM system market in others ($ millions)
Exhibit 14: Global PAM system market: Geographical segmentation ($ millions)
Exhibit 15: PAM system market in Americas ($ millions)
Exhibit 16: PAM system market in EMEA ($ millions)
Exhibit 17: PAM system market in APAC ($ millions)
Exhibit 18: ABB: Product analysis
Exhibit 19: ABB: Recent developments in global PAM market
Exhibit 20: Emerson: Product analysis
Exhibit 21: Emerson: Recent developments in global PAM market
Exhibit 22: Honeywell: Product analysis
Exhibit 23: Honeywell: Recent developments in global PAM market
Exhibit 24: Rockwell Automation: Product Analysis
Exhibit 25: Rockwell Automation: Recent developments in global PAM market
Exhibit 26: Siemens: Product analysis
Exhibit 27: Siemens: Recent developments in global PAM market
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FEATURED COMPANIES

  • ABB
  • Dassault Systèmes
  • Endress+Hauser
  • Hitachi
  • IBM
  • Petrofac
  • MORE
New Report Released: - Global Plant Asset Management (PAM) System Market 2017-2021

The author of the report recognizes the following companies as the key players in the global plant asset management (PAM) system market: ABB, Emerson, Honeywell, Rockwell Automation, and Siemens

Other Prominent Vendors in the market are: Applied Material, Dassault Systèmes, Endress+Hauser, GE Digital, Hitachi, IBM, IFS, Petrofac, SAP, Schneider Electric, and Yokogawa.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Use of prescriptive analytics for analysis. Prescriptive analytics is a new tool in PAM, which is gaining traction. Prescriptive analytics uses historical data to forecast system changes and creates a "What-if" scenario to showcase what impact each action on the system can have on the process. This is very helpful during maintenance, as organizations can schedule their maintenance based on different scenarios created through prescriptive analytics. Thus, even if the system or process is behind schedule, it could be brought back to its usual state.”

According to the report, one of the major drivers for this market is Incorporation of 3D modeling in real time asset management. 3D modeling has moved from the prototype stage and has been finding acceptance among industries. For example, the construction industry is using Building Information Modelling (BIM), a 3D model-based technology process, which provides users a digital description of the building. Similarly, 3D laser scanners can be used to capture detailed data of a physical object and store it as a 3D model in computers. With the cost of adopting 3D technology going down, organizations are increasingly incorporating it into their systems for asset management. For example, Bentley Systems offers software that can combine photos taken from the ground, drones, and laser scans to create 3D reconstructions of facilities. This can be used for planning maintenance, construction, and training.

Further, the report states that one of the major factors hindering the growth of this market is Threat of substitutes. The PAM system is witnessing a high threat from substitutes such as manufacturing execution system (MES) software. An MES is an information technology-based manufacturing system that provides management and control of manufacturing operations. It helps in automation, execution, and management of manufacturing operations, such as operation scheduling, lot tracking, resource allocation and control, plant maintenance, labor planning, data acquisition and collection, quality assurance, and process control.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • Emerson
  • Honeywell
  • Rockwell Automation
  • Siemens
  • Applied Material
  • Dassault Systèmes
  • Endress+Hauser
  • GE Digital
  • Hitachi
  • IBM
  • IFS
  • Petrofac
  • SAP
  • Schneider Electric
  • Yokogawa
Note: Product cover images may vary from those shown
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