The major
vendors operating in the asset
integrity management services market include SGS SA (Switzerland), Bureau
Veritas SA (France), Intertek Group plc (UK), TechnipFMC plc (UK), Aker
Solutions ASA (Norway).
Does this report include the impact of
COVID-19 on the asset integrity management services market?
Yes, the
report includes the impact of COVID-19 on the asset integrity management
services market. It illustrates the post- COVID-19 market scenario.
Which region is expected to generate the
highest revenues during the forecast period?
The North
America region is expected to generate the highest revenue during the forecast
period
Which major countries are considered in the
European region?
The report
includes an analysis of the UK, Germany, France, Norway, and the rest of
European countries.
Which is the highest revenue-generating
end-use industry during the forecast period?
The oil
& gas industry is expected to generate the highest revenue during the
forecast period.
COVID-19
impact on the Global Asset Integrity Management Services Market
The pandemic
has impacted several industries across the world, and the oil & gas
industry is no exception. The global petroleum product consumption decreased
significantly due to travel restrictions and economic slowdown. The crisis in
the oil & gas industry has substantially impacted several workers and
communities who are dependent on its revenues. The industry players are
struggling with the oil price war, declining demand, business stability, and
employee safety, and need to focus on developing a flexible business model,
which can lead to long-term resilience.
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The demand
for electricity from the industrial sector has been reduced significantly due
to the COVID-19 pandemic. Governments across the world were compelled to reduce
business activities in response to the virus outbreak. Plant-wide asset
inspection and repair work is on hold and mostly in favor of high-priority
production-related assets only. The current COVID-19 strategy of mitigation
through working at home and social distancing is resulting in a growing backlog
of inspection and maintenance work. Moreover, the situation is forcing asset
inspection management services providers to perform critical asset inspections
with fewer personnel. However, the adoption of key digital strategies such as
remote inspection and remote collaboration is expected to help organizations to
maintain safe and productive assets
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