Plant Asset Management Market: Including Growth Factors, Trends, Applications, Regional Analysis, Key Players and Forecasts

Market Research Future published a half Cooked research report on “Global Plant Asset Management Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022

Pune, India - April 24, 2018 /MarketersMedia/ —

Market Highlights:

According to a recent study report published by the Market Research Future, the global market of Plant Asset Management is forecasted to grow at approximately 10% of CAGR growth in terms of value surpassing its previous growth records by the end of the forecasted period (2016 – 2022). With such a striking rate of a CAGR, MRFR hopes the Global Plant Asset Management Market to reach to ~ 420 Million by 2022.

Plant Asset Management Market demonstrates a very large untapped potential for PAM solutions. Many are either unaware or have not evaluated PAM solutions. About half of the users perceive net benefits. There is an important need for on-line plant asset information for a wider array of asset classes. There is pressure to reduce the engineering and maintenance effort for PAM systems, as well as operations and production costs. PAM strategies can become more proactive and more value-oriented. Both management and maintenance functions are required in PAM. There is great potential for business process and application integration between PAM and EAM. The technical basis for PAM is well established for field devices. Users are demanding further development of a wide array of monitoring methods for asset classes outside of automation and electrical equipment. Methods, standardization, and integration must improve in order to lower engineering and maintenance cost of systems. This will lower the threshold for further usage and boost benefits for the industry.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1788

The PAM market appears to be highly fragmented and competitive. Major players having a strong presence in the international and regional market such as Siemens AG, IBM Corporation and Hitachi Ltd. (Japan), adorn the global market. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players operating in the global Plant Asset Management Market. Market will witness a fierce competition soon as marketers introducing new solutions to address the requirements of the end-user sectors.
Profiled in MRFR some of the major players in Global Plant asset management Market include ABB Ltd. (Switzerland), Emerson electric company (U.S.), Rockwell automation, Inc. (U.S.), Siemens AG (Germany), IBM Corporation (U.S.), Hitachi Ltd. (Japan), Endress +Hauser (Switzerland), Dassault Systemes (France), Honeywell International, Inc. (U.S.), and Plant Asset Management (Petrofac) (UK) among others.

Globally the market for Plant Asset Management Market is expected to grow at the rate of more than 10% from 2016 to 2022.

Industry News
September 2017 – Honeywell acquired Nextnine in 2017, to improve cyber security for its PAM software. This will further enhance its extensive portfolio of innovative cyber security technologies.
September 2017 – ABB acquired B&R, an independent product- and software-based open-architecture solutions provider in 2017.

Market Segments

The Plant Asset Management market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Hardware, and software.
Segmentation by Services : Comprises Performance management, Monitoring & controlling, information management, device configuration, content management among others.
Segmentation by Application: Comprises Energy & power, petrochemical, Chemical, mining, food & beverage, and pharmaceutical among others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/plant-asset-management-market-1788

Market Synopsis
Asset Management and Maintenance are intertwined and overlapping processes, and the differences and similarities between the two depend on the user’s perspective. Both have an effect on an organization’s cost structure and profit. Maintenance is an activity associated with availability of production assets. Several key performance indicators (KPIs) for availability are in use today, including Overall Equipment Effectiveness (OEE) and Total Effective Equipment Productivity (TEEP). Maintenance is often seen from a cost perspective, consistent with an annual accounting view of the enterprise, rather than as a source of profit. Economic profit, a measure of benefit, is the operating profit minus the cost of capital. The cost of capital includes interest for loans for investment in capital goods and the difference in actual value of the goods over the forecast period.

On-line PAM information is considered very important. This should be seen in the context of the asset classes considered, the limited availability of asset monitoring methods for some of those classes, and the hurdles that respondents report in applying PAM, such as a lack of integration, standardization, and interoperability.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/plant-asset-management-market-including-growth-factors-trends-applications-regional-analysis-key-players-and-forecasts/335874

For more information, please visit https://www.marketresearchfuture.com/reports/plant-asset-management-market

Source: MarketersMedia

Release ID: 335874

More News From Morning Dispatcher

Militants attack Iran military parade, killing at least 25

Sep 22, 2018

TEHRAN, Iran — Militants disguised as soldiers opened fire Saturday on an annual Iranian military parade in the country's oil-rich southwest, killing at least 25 people and wounding over 60 in the deadliest terror attack to strike the country in nearly a decade. Women and children scattered along with once-marching Revolutionary Guard soldiers as heavy gunfire rang out at the parade in Ahvaz, the chaos captured live on state television. The region's Arab separatists, once only known for nighttime attacks on unguarded oil pipelines, claimed responsibility for the brazen assault. Iran's Foreign Minister Mohammad Javad Zarif blamed regional countries and...

Egypt court upholds corruption conviction of Mubarak, sons

Sep 22, 2018

CAIRO — Egypt's highest appeals court on Saturday rejected a motion by former president Hosni Mubarak and his two sons to overturn their conviction on corruption charges. The ruling by the Court of Cassation, Egypt's final recourse for appeals in criminal cases, dashed any hope that Gamal, Mubarak's younger son and one-time heir apparent, could run for public office. A senior newspaper editor and confidant of Egypt's current president had recently suggested that banker-turned-politician Gamal may have been contemplating the move. The Mubarak trio was sentenced to three years each for embezzling funds meant for maintenance of presidential palaces but...

Pakistan and India meet once again at Asia Cup

Sep 22, 2018

DUBAI, United Arab Emirates — Pakistan hopes to have learned its lesson from a heavy group-stage loss to India when the two rivals meet again in the Asia Cup on Sunday, this time at the Super Four stage. After the group defeat, Pakistan narrowly avoided humiliation when Sarfraz Ahmed's team beat Afghanistan in its opening Super Four match with just three balls to spare in Abu Dhabi. Also Friday, in Dubai, India easily beat Bangladesh by seven wickets. India thrashed Pakistan by eight wickets with 21 overs to spare in their last encounter and will take confidence from that win...

India calls off foreign ministers' meeting with Pakistan

Sep 22, 2018

NEW DELHI — India called off a planned meeting between its foreign minister and her Pakistani counterpart on the sidelines of the U.N. General Assembly session in New York this month, aggravating tensions between the longtime rivals. External Affairs Ministry spokesman Raveesh Kumar said Friday that India's decision to pull out of the meeting, which had been announced just a day earlier, follows the killing of an Indian border guard in Kashmir and Pakistan's glorification of insurgents fighting Indian rule in the Himalayan territory. The Indian government's decision to hold talks with Pakistan was strongly criticized by the Congress party...

China treats Uighur kids as 'orphans' after parents seized

Sep 22, 2018

ISTANBUL — Every morning, Meripet wakes up to her nightmare: The Chinese government has turned four of her children into orphans, even though she and their father are alive. Meripet and her husband left the kids with their grandmother at home in China when they went to nurse Meripet's sick father in Turkey. But after Chinese authorities started locking up thousands of their fellow ethnic Uighurs for alleged subversive crimes such as travel abroad, a visit became exile. Then, her mother-in-law was also taken prisoner, and Meripet learned from a friend that her 3- to 8-year-olds had been placed in...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress