LONDON–(BUSINESS WIRE)–Technavio has announced the top five leading vendors in their recent global asset integrity management systems (AIMS) market report from 2017-2021. This market research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
Due to the presence of a large number of players, the global AIMS market is fragmented. Vendors such as Siemens and ABB have high brand value and financial strength. Vendors such as Aker solutions and Element Materials Technology cater specifically to the oil and gas industry.
According to Kallepalli Ravi Rama Deepak, a lead analyst at Technavio for automation, “Many small-sized vendors with low profile are involved in inspection services market and offer AIMS or services as their core expertise. The rise in demand for AIMS has led to acquisitions by vendors.”
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Technavio market research analysts identify the following key vendors:
ABB is a multinational corporation dealing in industrial equipment and systems. The company specializes in power automation and robotics. The company caters to the power, food and beverages, life sciences medical, automotive, utilities, marine, electronics, packaging, and appliances industries Its business segment includes electrification products, discrete automation and motion, process automation, and power grids.
Applus+ is a leading testing, inspection, and certification company. The company caters to the aerospace, oil and gas, maritime, construction, mining, power, and telecommunication industries. Its business segment includes products, trade, and resources.
Bureau Veritas is a global service provider for testing, inspection, and certification. The company caters to the power, oil and gas, infrastructure, mining and metals, marine, automotive, aerospace, and chemicals and petrochemicals industries. Its business segment includes commodities, consumer products, in-service inspection and verification, construction, marine and offshore, certification, and government services and international trade.
Fluor is a global engineering, procurement, fabrication, construction, and maintenance company that designs, builds, and maintains capital-efficient facilities. The company offers AIMS through its subsidiary, Stork. The company caters to the power, energy, chemicals, life sciences, advanced manufacturing, infrastructure, mining and metals, and government sectors. Its business segment includes energy, chemicals, and mining, industrial, infrastructure, and power, maintenance, modification, and asset integrity, and government.
General Electric is a multinational conglomerate. The company caters to the power, oil and gas, healthcare, mining, renewable energy, and manufacturing industries. Its business segment includes power, renewable energy, oil and gas, healthcare, transportation, energy connections and lighting, aviation and capital.
Intertek is a leading Total Quality Assurance provider to industries worldwide. The company caters to the power, oil and gas, construction, marine, aerospace, renewable energy, mineral, and food and healthcare sectors. Its business segment includes energy and industry division, laboratories division, IDIADA division and automotive division.
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