Global Plant Asset Management Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Plant asset management is a software system that helps optimize operations and improve plant asset capabilities by providing information about asset conditions. The increasing focus on providing cloud-based pam solutions, escalating demand for asset management software, and growing adoption of lean manufacturing practices by several organizations are the major factors fueling the market demand across the globe. For instance, as per Statista, in 2019, the global fixed asset management software market is estimated to stand at USD 3 billion, and the market is projected to expand and is likely to reach 5.2 billion by 2024. Thereby, the thriving demand for asset management software is exhibiting a positive influence on the Plant Asset Management Market in the impending years. However, high initial investment is required and a dearth of skilled personnel impedes the growth of the market over the forecast period of 2022-2028. Also, growing investments in greenfield projects and the rising need for real-time data analytics are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Plant Asset Management Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growth of the manufacturing industry and increasing adoption of asset management software. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising government support for the Greenfield Projects, as well as the availability of cheap and skilled workforce, would create lucrative growth prospects for the Plant Asset Management Market across the Asia-Pacific region.
Major market players included in this report are:
Emerson
Honeywell
Rockwell Automation, Inc.
ABB
Schneider Electric SA
Yokogawa
General Electric Co.
Siemens
AB SKF
Endress+Hauser Management AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Software Solutions
Services
By Deployment Mode:
Cloud-based Deployment
On-premises Deployment
By Asset Type:
Production Assets
Automation Assets
By Industry:
Process Industries
Discrete Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Plant Asset Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Plant Asset Management Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Plant Asset Management Market, by Offering, 2020-2028 (USD Million)
- 1.2.3. Plant Asset Management Market, by Deployment Mode, 2020-2028 (USD Million)
- 1.2.4. Plant Asset Management Market, by Asset Type, 2020-2028 (USD Million)
- 1.2.5. Plant Asset Management Market, by Industry, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Plant Asset Management Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Plant Asset Management Market Dynamics
- 3.1. Plant Asset Management Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing focus on providing cloud-based pam solutions
- 3.1.1.2. Escalating demand for asset management software
- 3.1.2. Market Challenges
- 3.1.2.1. High initial investment is required
- 3.1.2.2. Dearth of skilled personnel
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing investments in greenfield projects
- 3.1.3.2. Rising need for real-time data analytics
Chapter 4. Global Plant Asset Management Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Plant Asset Management Market, by Offering
- 6.1. Market Snapshot
- 6.2. Global Plant Asset Management Market by Offering, Performance - Potential Analysis
- 6.3. Global Plant Asset Management Market Estimates & Forecasts by Offering, 2018-2028 (USD Million)
- 6.4. Plant Asset Management Market, Sub Segment Analysis
- 6.4.1. Software Solutions
- 6.4.2. Services
Chapter 7. Global Plant Asset Management Market, by Deployment Mode
- 7.1. Market Snapshot
- 7.2. Global Plant Asset Management Market by Deployment Mode, Performance - Potential Analysis
- 7.3. Global Plant Asset Management Market Estimates & Forecasts by Deployment Mode, 2018-2028 (USD Million)
- 7.4. Plant Asset Management Market, Sub Segment Analysis
- 7.4.1. Cloud-based Deployment
- 7.4.2. On-premises Deployment
Chapter 8. Global Plant Asset Management Market, by Asset Type
- 8.1. Market Snapshot
- 8.2. Global Plant Asset Management Market by Asset Type, Performance - Potential Analysis
- 8.3. Global Plant Asset Management Market Estimates & Forecasts by Asset Type, 2018-2028 (USD Million)
- 8.4. Plant Asset Management Market, Sub Segment Analysis
- 8.4.1. Production Assets
- 8.4.2. Automation Assets
Chapter 9. Global Plant Asset Management Market, by Industry
- 9.1. Market Snapshot
- 9.2. Global Plant Asset Management Market by Industry, Performance - Potential Analysis
- 9.3. Global Plant Asset Management Market Estimates & Forecasts by Industry, 2018-2028 (USD Million)
- 9.4. Plant Asset Management Market, Sub Segment Analysis
- 9.4.1. Process Industries
- 9.4.2. Discrete Industries
Chapter 10. Global Plant Asset Management Market, Regional Analysis
- 10.1. Plant Asset Management Market, Regional Market Snapshot
- 10.2. North America Plant Asset Management Market
- 10.2.1. U.S. Plant Asset Management Market
- 10.2.1.1. Offering breakdown estimates & forecasts, 2018-2028
- 10.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2028
- 10.2.1.3. Asset Type breakdown estimates & forecasts, 2018-2028
- 10.2.1.4. Industry breakdown estimates & forecasts, 2018-2028
- 10.2.2. Canada Plant Asset Management Market
- 10.3. Europe Plant Asset Management Market Snapshot
- 10.3.1. U.K. Plant Asset Management Market
- 10.3.2. Germany Plant Asset Management Market
- 10.3.3. France Plant Asset Management Market
- 10.3.4. Spain Plant Asset Management Market
- 10.3.5. Italy Plant Asset Management Market
- 10.3.6. Rest of Europe Plant Asset Management Market
- 10.4. Asia-Pacific Plant Asset Management Market Snapshot
- 10.4.1. China Plant Asset Management Market
- 10.4.2. India Plant Asset Management Market
- 10.4.3. Japan Plant Asset Management Market
- 10.4.4. Australia Plant Asset Management Market
- 10.4.5. South Korea Plant Asset Management Market
- 10.4.6. Rest of Asia Pacific Plant Asset Management Market
- 10.5. Latin America Plant Asset Management Market Snapshot
- 10.5.1. Brazil Plant Asset Management Market
- 10.5.2. Mexico Plant Asset Management Market
- 10.6. Rest of The World Plant Asset Management Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Emerson
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Honeywell
- 11.2.3. Rockwell Automation, Inc.
- 11.2.4. ABB
- 11.2.5. Schneider Electric SA
- 11.2.6. Yokogawa
- 11.2.7. General Electric Co.
- 11.2.8. Siemens
- 11.2.9. AB SKF
- 11.2.10. Endress+Hauser Management AG
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption