Global Asset Performance Management Market by Type (Equipment condition monitoring, Automated condition monitoring, Predictive maintenance, Asset integrity management, and Reliability-centered maintenance), By Industry (Aerospace & Defense, Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Others) Global Asset Performance Management Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2025

Global Asset Performance Management Market: Overview

Asset performance management is a combination of integration, data capture, reliability, visualization, and analysis, including predictive forecasting, condition monitoring, and reliability-centric maintenance. Asset performance management refers to the use of different assets by business organizations to achieve specific business objectives. It can be called a business organizations approach for optimal management of asset deployment. Maximizing the performance of an electric utility’s assets depends on the dynamic process of capturing and maintaining quality information. Smart decisions about repairs and replacements can affect the bottom line but are also consistent with customer satisfaction and regulatory requirements. By using APM, user can develop optimized, consistent inspection as well as maintenance plans to reduce operating risks and recover overall efficiency, availability, and reliability.

Global Asset Performance Management Market: Growth Factors

Increasing demand for asset performance management for electric utilities, rising investment in the cloud and augmented reality (AR) and lower maintenance cost, and rapid advancement of both machine learning and rule-based analytics are key driving factors of the market. However, the adoption of traditional asset management strategies coupled with lack of awareness regarding APM software in emerging countries might hamper the market growth. Growing technological advancement and continuous improvements by leading players would provide lucrative opportunity for the market in the near future.

Global Asset Performance Management Market: Segmentation

The global Asset Performance Management market is mainly classified based on Type and Industry. Type is further segmented into Equipment condition monitoring, Automated condition monitoring, Predictive maintenance, Asset integrity management, and Reliability-centered maintenance. By Industry the market is divided into Aerospace & Defense, Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Others.

Global Asset Performance Management Market: Regional Analysis

Based on geography, the global Asset Performance Management market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is segmented into South America, the Middle East, and Africa

Global Asset Performance Management Market: Competitive Players

Key players operating in the market include ABB Group, ARC Advisory Group Inc., Aspentech Technology, Inc., Bentley Systems, Inc., General Electric, Co., IBM Corporation, Nexus Global Business Solutions, Inc., Prevas AB, SAP, Schneider Electric Software, LLC, and Siemens AG,

Asset Performance Management Market Key Segments:

By Type

• Equipment condition monitoring
• Automated condition monitoring
• Predictive maintenance
• Asset integrity management
• Reliability-centered maintenance

By Industry

• Aerospace & Defense
• Automotive & Transportation
• Machine Manufacturing
• Energy & Utilities
• Others

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Rest of the World
  • South America
  • Middle East
  • Africa

Table of Content

1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1.1. Primary Research
2.1.2. Research Methodology
2.1.3. Assumptions & Exclusions
2.1.4. Secondary data sources

3. Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing demand for asset performance management for electric utilities
3.3.2. Rising investment in the cloud and augmented reality (AR) and lower maintenance cost
3.3.3. The rapid advancement of both machine learning and rule-based analytics
3.4. Restraints
3.4.1. Adoption of traditional asset management strategies
3.4.2. Lack of awareness regarding APM software in emerging countries
3.5. Opportunity
3.5.1. Growing technological advancement and continuous improvements by leading players
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Equipment condition monitoring
4.2.1. Market Size & Forecast
4.3. Automated condition monitoring
4.3.1. Market Size & Forecast
4.4. Predictive maintenance
4.4.1. Market Size & Forecast
4.5. Asset integrity management
4.5.1. Market Size & Forecast
4.6. Reliability-centered maintenance
4.6.1. Market Size & Forecast

5. Industry Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Aerospace & Defense
5.2.1. Market Size & Forecast
5.3. Automotive & Transportation
5.3.1. Market Size & Forecast
5.4. Machine Manufacturing
5.4.1. Market Size & Forecast
5.5. Energy & Utilities
5.5.1. Market Size & Forecast
5.6. Others
5.6.1. Market Size & Forecast

6. Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Industry
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Industry
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Industry
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. Rest of the World
6.5.1. Rest of the World Market Size & Forecast, By Country
6.5.2. Rest of the World Market Size & Forecast, By Type
6.5.3. Rest of the World Market Size & Forecast, By Industry
6.5.4. South America
6.5.4.1. Market Size and Forecast
6.5.5. Middle East
6.5.5.1. Market Size and Forecast
6.5.6. Africa
6.5.6.1. Market Size and Forecast

7. Company Profile
7.1. ABB Group
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. ABB Group Product Category, Application, and Specification
7.1.3. ABB Group Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. ARC Advisory Group Inc.
7.3. Aspentech Technology, Inc.
7.4. Bentley Systems, Inc.
7.5. General Electric, Co.
7.6. IBM Corporation
7.7. Nexus Global Business Solutions, Inc.
7.8. Prevas AB
7.9. SAP
7.10. Schneider Electric Software, LLC
7.11. Siemens AG

Key Market Players

• ABB Group
• ARC Advisory Group Inc.
• Aspentech Technology, Inc.
• Bentley Systems, Inc.
• General Electric, Co.
• IBM Corporation
• Nexus Global Business Solutions, Inc.
• Prevas AB
• SAP
• Schneider Electric Software, LLC
• Siemens AG