Plant Asset Management Market Research Report by Global Forecast to 2027

Plant Asset Management Market Research Report: Information by Offering (Software, Service), by Deployment Mode (Offline, Cloud), by Asset Type (Production Asset, Automation Asset), by End-User (Chemical, Aerospace and Defense) by Region - Global Forecast till 2027

ID: MRFR/ICT/1256-HCR | February 2021 | Region: Global | 110 pages

Impact of COVID-19 on the Global Plant Asset Management Market


Plant asset management systems are specifically designed to determine health information of analytical assets from the data that is embedded in various control systems, smart field devices, and several sensors in an analytical engine. The intelligent engine assists in analytical operations, and proactively predicts and resolves the problems. Plant asset management systems find applications in and expand the capabilities of multiple, production, and automation assets across the globe. Rising adoption of automation systems to improve production capacity in process industries is fueling the market growth during the pandemic. Moreover, multiple types of automation systems, including distributed control systems and programmable logic controllers, are used in several industries, which has stimulated the growth of the plant asset management market.


The COVID-19 pandemic has rapidly spread across the globe and has impacted a few industries positively, while most others have been affected negatively. Governments have imposed restrictions confining people to their homes as a precautionary measure to contain the spread of the pandemic. The rising number of people staying at home has boosted the demand for faster internet connectivity and data transfer, which is expected to increase the market growth.
Plant Asset Management Market


The people under lockdown have increased their data usage substantially, as compared to the pre-lockdown period. During the pandemic, companies have allowed their employees to work from home, which has propelled the use of video conferencing platforms requiring extensive data processing to minimize downtime. These factors have boosted the growth of the plant asset management market drastically. Furthermore, the increasing demand for cloud-based deployment is also responsible for the growth of the plant asset management market. Cloud-based deployment helps employees in working from any location by providing access to the required data. Employees can gain access to the necessary data and documents with the use of credentials while maintaining security and the flexibility to work from home. This scenario is expected to drive the growth of the plant asset management market over the forecast period.


Impact Analysis

TABLE OF CONTENTS

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Markets Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining power of buyers

4.1.3. Threat of substitutes

4.1.4. Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of Global Plant Asset Management Market

5. Market Overview of Global Plant Asset Management Market

5.1. Introduction

5.2. Growth Drivers

5.3. Impact Analysis

5.4. Market Challenges

6. Market Trends

6.1. Introduction

6.2. Growth Trends

6.3. Impact Analysis

7. Global Plant Asset Management Market, by Offering

7.1. Introduction

7.2. Software

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. Services

7.3.1.1. Market Estimates & Forecast, 2020-2027

7.3.1.2. Market Estimates & Forecast, by Region, 2020-2027

8. Global Plant Asset Management Market, by Deployment

8.1. Introduction

8.2. Offline Deployment

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast, by Region, 2020-2027

8.3. Cloud Deployment

8.3.1.1. Market Estimates & Forecast, 2020-2027

8.3.1.2. Market Estimates & Forecast, by Region, 2020-2027

9. Global Plant Asset Management Market, by Asset Type

9.1. Introduction

9.2. Production Assets

9.2.1. Market Estimates & Forecast, 2020-2027

9.2.2. Market Estimates & Forecast, by Region, 2020-2027

9.3. Automation Assets

9.3.1.1. Market Estimates & Forecast, 2020-2027

9.3.1.2. Market Estimates & Forecast, by Region, 2020-2027

10. Global Plant Asset Management Market, by End-User Industry

10.1. Introduction

10.2. Chemical

10.2.1.1. Market Estimates & Forecast, 2020-2027

10.2.1.2. Market Estimates & Forecast, by Region, 2020-2027

10.3. Energy and Power

10.3.1.1. Market Estimates & Forecast, 2020-2027

10.3.1.2. Market Estimates & Forecast, by Region, 2020-2027

10.4. Food and Beverages

10.4.1.1. Market Estimates & Forecast, 2020-2027

10.4.1.2. Market Estimates & Forecast, by Region, 2020-2027

10.5. Oil and Gas

10.5.1.1. Market Estimates & Forecast, 2020-2027

10.5.1.2. Market Estimates & Forecast, by Region, 2020-2027

10.6. Pharmaceutical

10.6.1.1. Market Estimates & Forecast, 2020-2027

10.6.1.2. Market Estimates & Forecast by Region, 2020-2027

10.7. Aerospace and Defense

10.7.1.1. Market Estimates & Forecast, 2020-2027

10.7.1.2. Market Estimates & Forecast, by Region, 2020-2027

10.8. Automotive

10.8.1.1. Market Estimates & Forecast, 2020-2027

10.8.1.2. Market Estimates & Forecast, by Region, 2020-2027

11. Global Plant Asset Management Market, by Region

11.1. Introduction

11.2. North America

11.2.1. Market Estimates & Forecast, by Country 2020-2027

11.2.2. Market Estimates & Forecast, by Offering, 2020-2027

11.2.3. Market Estimates & Forecast, by Deployment, 2020-2027

11.2.4. Market Estimates & Forecast, by Asset Type, 2020-2027

11.2.5. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.2.6. US

11.2.6.1. Market Estimates & Forecast, by Offering, 2020-2027

11.2.6.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.2.6.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.2.6.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.2.7. Mexico

11.2.7.1. Market Estimates & Forecast, by Offering, 2020-2027

11.2.7.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.2.7.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.2.7.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.2.8. Canada

11.2.8.1. Market Estimates & Forecast, by Offering, 2020-2027

11.2.8.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.2.8.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.2.8.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.3. Europe

11.3.1. Market Estimates & Forecast, by Country 2020-2027

11.3.2. Market Estimates & Forecast, by Offering, 2020-2027

11.3.3. Market Estimates & Forecast, by Deployment, 2020-2027

11.3.4. Market Estimates & Forecast, by Asset Type, 2020-2027

11.3.5. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.3.6. Germany

11.3.6.1. Market Estimates & Forecast, by Offering, 2020-2027

11.3.6.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.3.6.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.3.6.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.3.7. France

11.3.7.1. Market Estimates & Forecast, by Offering, 2020-2027

11.3.7.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.3.7.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.3.7.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.3.8. UK

11.3.8.1. Market Estimates & Forecast, by Offering, 2020-2027

11.3.8.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.3.8.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.3.8.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.4. Asia-Pacific

11.4.1. Market Estimates & Forecast, by Country 2020-2027

11.4.2. Market Estimates & Forecast, by Offering, 2020-2027

11.4.3. Market Estimates & Forecast, by Deployment, 2020-2027

11.4.4. Market Estimates & Forecast, by Asset Type, 2020-2027

11.4.5. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.4.6. China

11.4.6.1. Market Estimates & Forecast, by Offering, 2020-2027

11.4.6.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.4.6.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.4.6.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.4.7. India

11.4.7.1. Market Estimates & Forecast, by Offering, 2020-2027

11.4.7.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.4.7.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.4.7.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.4.8. Japan

11.4.8.1. Market Estimates & Forecast, by Offering, 2020-2027

11.4.8.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.4.8.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.4.8.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.4.9. Rest of Asia-Pacific

11.4.9.1. Market Estimates & Forecast, by Offering, 2020-2027

11.4.9.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.4.9.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.4.9.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.5. Rest of the World

11.5.1. Market Estimates & Forecast, by Country 2020-2027

11.5.2. Market Estimates & Forecast, by Offering, 2020-2027

11.5.3. Market Estimates & Forecast, by Deployment, 2020-2027

11.5.4. Market Estimates & Forecast, by Asset Type, 2020-2027

11.5.5. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.5.6. Middle East & Africa

11.5.6.1. Market Estimates & Forecast, by Offering, 2020-2027

11.5.6.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.5.6.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.5.6.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

11.5.7. Latin Countries

11.5.7.1. Market Estimates & Forecast, by Offering, 2020-2027

11.5.7.2. Market Estimates & Forecast, by Deployment, 2020-2027

11.5.7.3. Market Estimates & Forecast, by Asset Type, 2020-2027

11.5.7.4. Market Estimates & Forecast, by End-User Industry, 2020-2027

12. Company Profiles

12.1. General Electric Co.

12.1.1. Company Overview

12.1.2. Product/Business Segment Overview

12.1.3. Financial Updates

12.1.4. Key Developments

12.2. Endress+Hauser Management AG

12.2.1. Company Overview

12.2.2. Product/Business Segment Overview

12.2.3. Financial Updates

12.2.4. Key Developments

12.3. Rockwell Automation, Inc.

12.3.1. Company Overview

12.3.2. Product/Business Segment Overview

12.3.3. Financial Updates

12.3.4. Key Developments

12.4. Honeywell International, Inc.

12.4.1. Company Overview

12.4.2. Product/Business Segment Overview

12.4.3. Financial Updates

12.4.4. Key Developments

12.5. Siemens AG

12.5.1. Company Overview

12.5.2. Product/Business Segment Overview

12.5.3. Financial Updates

12.5.4. Key Developments

12.6. Yokogawa Electric Corporation

12.6.1. Company Overview

12.6.2. Product/Business Segment Overview

12.6.3. Financial Updates

12.6.4. Key Developments

12.7. Dassault Systèmes

12.7.1. Company Overview

12.7.2. Product/Business Segment Overview

12.7.3. Financial Updates

12.7.4. Key Developments

12.8. Emerson Electric Company

12.8.1. Company Overview

12.8.2. Product/Business Segment Overview

12.8.3. Financial Updates

12.8.4. Key Developments

12.9. IBM Corporation

12.9.1. Company Overview

12.9.2. Product/Business Segment Overview

12.9.3. Financial Updates

12.9.4. Key Developments

12.10. Hitachi Ltd.

12.10.1. Company Overview

12.10.2. Product/Business Segment Overview

12.10.3. Financial Updates

12.10.4. Key Developments

13. Conclusion


LIST OF TABLES

Table1 Global Plant Asset Management Market, By Country, 2020-2027

Table2 North America: Plant Asset Management Market, By Country, 2020-2027

Table3 Europe: Plant Asset Management Market, By Country, 2020-2027

Table4 Asia-Pacific: Plant Asset Management Market, By Country, 2020-2027

Table5 Latin America: Plant Asset Management Market, By Country, 2020-2027

Table6 North America: Plant Asset Management Market, By Country

Table7 North America: Plant Asset Management Market, By Offering

Table8 North America: Plant Asset Management Market, By Deployment

Table9 North America: Plant Asset Management Market, By Asset Type

Table10 North America: Plant Asset Management Market, By End-User Industry

Table11 Europe: Plant Asset Management Market, By Country

Table12 Europe: Plant Asset Management Market, By Offering

Table13 Europe: Plant Asset Management Market, By Deployment

Table14 Europe: Plant Asset Management Market, By Asset Type

Table15 Europe: Plant Asset Management Market, By End-User Industry

Table16 Asia-Pacific: Plant Asset Management Market, By Country

Table17 Asia-Pacific Plant Asset Management Market, By Offering

Table18 Asia-Pacific: Plant Asset Management Market, By Deployment

Table19 Asia-Pacific: Plant Asset Management Market, By Asset Type

Table20 Asia-Pacific Plant Asset Management Market, By End-User Industry

Table21 Middle East & Africa: Plant Asset Management Market, By Country

Table22 Middle East & Africa: Plant Asset Management Market, By Offering

Table23 Middle East & Africa: Plant Asset Management Market, By Deployment

Table24 Middle East & Africa: Plant Asset Management Market, By Asset Type

Table25 Middle East & Africa: Plant Asset Management Market, By End-User Industry

Table26 Latin America: Plant Asset Management Market, By Country

Table27 Latin America: Plant Asset Management Market, By Offering

Table28 Latin America: Plant Asset Management Market, By Deployment

Table29 Latin America: Plant Asset Management Market, By Asset Type

Table30 Latin America: Plant Asset Management Market, By End-User Industry


LIST OF FIGURES

Figure 1 Global Plant Asset Management Market segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Plant Asset Management Market

Figure 4 Value Chain of Global Plant Asset Management Market

Figure 5 Share of Plant Asset Management Market in 2020, by country (in %)

Figure 6 Global Plant Asset Management Market, 2020-2027

Figure 7 Share of Global Plant Asset Management Market by Industry, 2020-2027

Figure 8 Global Plant Asset Management Market Size, by Offering, 2020

Figure 9 Share of Global Plant Asset Management Market, by Offering, 2020-2027

Figure 10 Global Plant Asset Management Market Size, by Deployment, 2020

Figure 11 Share of Global Plant Asset Management Market, by Deployment, 2020-2027

Figure 12 Global Plant Asset Management Market Size, by Asset Type, 2020

Figure 13 Share of Global Plant Asset Management Market, by Asset Type, 2020-2027

Figure 14 Global Plant Asset Management Market Size, by End-User Industry, 2020

Figure 15 Share of Global Plant Asset Management Market, by End-User Industry, 2020-2027