Plant Asset Management

Publish Date

The Plant Asset Management market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.

Industrial IoT Is Reshaping the Plant Asset Management Market

Plant asset management (PAM) systems market reveals that the current generation of PAM systems has matured into Industrial IoT-enabled advanced analytics solutions that leverage machine learning and pattern recognition to predict asset failures. 

Plant asset management systems consist of hardware, software, and services to assess asset health by monitoring asset condition.  PAM provides predictive asset health information from data embedded in smart field devices, control systems, and various sensors in concert with an analytical engine to predict potential asset failures. 

Leveraging these IoT-enabled asset monitoring technologies will provide opportunities for owner-operators to improve asset management processes to reap the benefits of reduced unplanned downtime and extend asset life with lower maintenance costs while enhancing overall business performance in innovative ways.

Industrial IoT technologies are reshaping the plant asset management systems market by providing the feedback loop necessary to implement predictive maintenance (PdM) strategies.  The value of PdM is the diagnostic capabilities, which greatly aid in the maintenance decision-making process.

Plant Asset Management Strategic Issues

Plant Asset Management Market TrendsOwner-operators are placing greater emphasis on the total cost of ownership of assets as opposed to initial price.  When the lifecycle of some of the assets can run decades, lifecycle cost analysis is more critical.  The study answers key questions, such as: 

  • Will new technologies drive new work processes?
  • How will augmented reality impact the plant asset management system?
  • Can plant asset management systems provide a competitive advantage?

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Plant Asset Management Study Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:  

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Country Profiles (includes country data) No Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Industry Trends
  • Regional Trends
  • Strategies & Recommendations for Success

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Revenue Category
    • Hardware
    • Software
    • Services
  • Market Shares by Asset Type
    • Production Assets
      • by Industry
      • by Revenue Category
      • by Technology
      • by Network Technology
      • by Deployment Option
      • by Communication Network
    • Automation Assets
      • by Industry
      • by Revenue Category
      • by Technology
      • by Network Technology
      • by Deployment Option
      • by Communication Network
      • by Business System Integration
  • Market Shares by Industry
    • Chemical
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Market Shares by Business System Integration
  • Market Shares by Sales Channel

Market Forecasts and Histories

  • Total Shipments of Plant Asset Management Systems 
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Revenue Category
    • Hardware
    • Software
    • Services
  • Shipments by Asset Type
    • Production
      • by Industry
      • by Revenue Category
      • by Technology
      • by Network Technology
      • by Deployment Option
      • by Communication Network
    • Automation
      • by Industry
      • by Revenue Category
      • by Technology
      • by Network Technology
      • by Deployment Option
      • by Communication Network
  • Shipments by Industry
    • Chemical & Petrochemical
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Water & Wastewater 
  • Shipments by Business System Integration
  • Shipments by Sales Channel

Industry Participants

The research identifies all relevant suppliers serving this market. 

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market Forecasts and Histories 

  • Market Forecast and History by Country
  • Market Forecast and History by Industry

Industry Participants

List of countries included in each region: MIRA-Country

Country Research Focus Areas

Contact us for the countries available for this study.