Product Code: IRTNTR71182
The plant asset management (PAM) market is forecasted to grow by USD 2,016.89 mn during 2022-2027, accelerating at a CAGR of 7.09% during the forecast period. The report on the plant asset management (PAM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by incorporation of 3D modeling in real-time asset management, increase in adoption of smart sensors, and adoption of new technologies by oil companies.
Technavio's plant asset management (PAM) market is segmented as below:
Market Scope |
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 6.64% |
CAGR | 7.09% |
Incremental Value | $2016.89mn |
By Deployment
By End-user
- Power industry
- Pulp and paper industry
- Oil and gas industry
- Refining industry
- Petrochemical and others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the use of prescriptive analytics for analysis as one of the prime reasons driving the plant asset management (PAM) market growth during the next few years. Also, convergence of IT and OT and use of digital twins by companies will lead to sizable demand in the market.
The report on the plant asset management (PAM) market covers the following areas:
- Plant asset management (PAM) market sizing
- Plant asset management (PAM) market forecast
- Plant asset management (PAM) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plant asset management (PAM) market vendors that include AB SKF, ABB Ltd., Aspen Technology Inc., AVEVA Group Plc, Emerson Electric Co., Endress Hauser Group Services AG, Hitachi Ltd., Honeywell International Inc., IFS World Operations AB, International Business Machines Corp., Novo Solutions Inc., Oracle Corp., Petrofac Ltd., Ramco Systems Ltd., Rockwell Automation Inc., S and T Deutschland GmbH, SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the plant asset management (PAM) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global plant asset management (PAM) market 2017 - 2021
- Exhibit 18: Historic Market Size - Data Table on global plant asset management (pam) market 2017 - 2021 ($ million)
- 4.2 Deployment Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size - Deployment Segment 2017 - 2021 ($ million)
- 4.3 End-User Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size - End-User Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Deployment
- 6.1 Market segments
- Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
- 6.2 Comparison by Deployment
- Exhibit 32: Chart on Comparison by Deployment
- Exhibit 33: Data Table on Comparison by Deployment
- 6.3 Cloud - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Cloud - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cloud - Year-over-year growth 2022-2027 (%)
- 6.4 On-premises - Market size and forecast 2022-2027
- Exhibit 38: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on On-premises - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Deployment
- Exhibit 42: Market opportunity by Deployment ($ million)
- Exhibit 43: Data Table on Market opportunity by Deployment ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user
- 7.3 Power industry - Market size and forecast 2022-2027
- Exhibit 48: Chart on Power industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Power industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Power industry - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Power industry - Year-over-year growth 2022-2027 (%)
- 7.4 Pulp and paper industry - Market size and forecast 2022-2027
- Exhibit 52: Chart on Pulp and paper industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Pulp and paper industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Pulp and paper industry - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Pulp and paper industry - Year-over-year growth 2022-2027 (%)
- 7.5 Oil and gas industry - Market size and forecast 2022-2027
- Exhibit 56: Chart on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Oil and gas industry - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Oil and gas industry - Year-over-year growth 2022-2027 (%)
- 7.6 Refining industry - Market size and forecast 2022-2027
- Exhibit 60: Chart on Refining industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Refining industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Refining industry - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Refining industry - Year-over-year growth 2022-2027 (%)
- 7.7 Petrochemical and others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Petrochemical and others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Petrochemical and others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Petrochemical and others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Petrochemical and others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
- Exhibit 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 Germany - Market size and forecast 2022-2027
- Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 Japan - Market size and forecast 2022-2027
- Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.12 Italy - Market size and forecast 2022-2027
- Exhibit 111: Chart on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Italy - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Italy - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 115: Market opportunity By Geographical Landscape ($ million)
- Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 AB SKF
- Exhibit 123: AB SKF - Overview
- Exhibit 124: AB SKF - Business segments
- Exhibit 125: AB SKF - Key news
- Exhibit 126: AB SKF - Key offerings
- Exhibit 127: AB SKF - Segment focus
- 12.4 ABB Ltd.
- Exhibit 128: ABB Ltd. - Overview
- Exhibit 129: ABB Ltd. - Business segments
- Exhibit 130: ABB Ltd. - Key offerings
- Exhibit 131: ABB Ltd. - Segment focus
- 12.5 Aspen Technology Inc.
- Exhibit 132: Aspen Technology Inc. - Overview
- Exhibit 133: Aspen Technology Inc. - Business segments
- Exhibit 134: Aspen Technology Inc. - Key offerings
- Exhibit 135: Aspen Technology Inc. - Segment focus
- 12.6 Emerson Electric Co.
- Exhibit 136: Emerson Electric Co. - Overview
- Exhibit 137: Emerson Electric Co. - Business segments
- Exhibit 138: Emerson Electric Co. - Key news
- Exhibit 139: Emerson Electric Co. - Key offerings
- Exhibit 140: Emerson Electric Co. - Segment focus
- 12.7 Endress Hauser Group Services AG
- Exhibit 141: Endress Hauser Group Services AG - Overview
- Exhibit 142: Endress Hauser Group Services AG - Product / Service
- Exhibit 143: Endress Hauser Group Services AG - Key news
- Exhibit 144: Endress Hauser Group Services AG - Key offerings
- 12.8 Hitachi Ltd.
- Exhibit 145: Hitachi Ltd. - Overview
- Exhibit 146: Hitachi Ltd. - Business segments
- Exhibit 147: Hitachi Ltd. - Key news
- Exhibit 148: Hitachi Ltd. - Key offerings
- Exhibit 149: Hitachi Ltd. - Segment focus
- 12.9 Honeywell International Inc.
- Exhibit 150: Honeywell International Inc. - Overview
- Exhibit 151: Honeywell International Inc. - Business segments
- Exhibit 152: Honeywell International Inc. - Key news
- Exhibit 153: Honeywell International Inc. - Key offerings
- Exhibit 154: Honeywell International Inc. - Segment focus
- 12.10 IFS World Operations AB
- Exhibit 155: IFS World Operations AB - Overview
- Exhibit 156: IFS World Operations AB - Product / Service
- Exhibit 157: IFS World Operations AB - Key offerings
- 12.11 Oracle Corp.
- Exhibit 158: Oracle Corp. - Overview
- Exhibit 159: Oracle Corp. - Business segments
- Exhibit 160: Oracle Corp. - Key news
- Exhibit 161: Oracle Corp. - Key offerings
- Exhibit 162: Oracle Corp. - Segment focus
- 12.12 Ramco Systems Ltd.
- Exhibit 163: Ramco Systems Ltd. - Overview
- Exhibit 164: Ramco Systems Ltd. - Product / Service
- Exhibit 165: Ramco Systems Ltd. - Key offerings
- 12.13 Rockwell Automation Inc.
- Exhibit 166: Rockwell Automation Inc. - Overview
- Exhibit 167: Rockwell Automation Inc. - Business segments
- Exhibit 168: Rockwell Automation Inc. - Key news
- Exhibit 169: Rockwell Automation Inc. - Key offerings
- Exhibit 170: Rockwell Automation Inc. - Segment focus
- 12.14 SAP SE
- Exhibit 171: SAP SE - Overview
- Exhibit 172: SAP SE - Business segments
- Exhibit 173: SAP SE - Key news
- Exhibit 174: SAP SE - Key offerings
- Exhibit 175: SAP SE - Segment focus
- 12.15 Schneider Electric SE
- Exhibit 176: Schneider Electric SE - Overview
- Exhibit 177: Schneider Electric SE - Business segments
- Exhibit 178: Schneider Electric SE - Key news
- Exhibit 179: Schneider Electric SE - Key offerings
- Exhibit 180: Schneider Electric SE - Segment focus
- 12.16 Siemens AG
- Exhibit 181: Siemens AG - Overview
- Exhibit 182: Siemens AG - Business segments
- Exhibit 183: Siemens AG - Key news
- Exhibit 184: Siemens AG - Key offerings
- Exhibit 185: Siemens AG - Segment focus
- 12.17 Yokogawa Electric Corp.
- Exhibit 186: Yokogawa Electric Corp. - Overview
- Exhibit 187: Yokogawa Electric Corp. - Product / Service
- Exhibit 188: Yokogawa Electric Corp. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 189: Inclusions checklist
- Exhibit 190: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 191: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 192: Research methodology
- Exhibit 193: Validation techniques employed for market sizing
- Exhibit 194: Information sources
- 13.5 List of abbreviations
- Exhibit 195: List of abbreviations