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Plant Asset Management (PAM) Market Share

Report ID: GMI4756
Published Date: Jul 2022
Report Format: PDF

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Plant Asset Management Market Share

Some of the key plant asset management market players include :

ABB Ltd
AB SKF
Bentley Systems
CGI Group, Inc
Dassault Systèmes
Emerso
Endress+Hauser Management AG
General Electrical
Hitachi
Honeywell
IBM Corporation
IFS AB, Ing
Punzenberger COPA-DATA GmbH
Maxwell Technologies Inc
Oracle Corporation
Ramco Systems Ltd
Rockwell Automation
SAP SE
Siemens
Schneider Electric SA
Yokogawa Electric Corporation

Companies are emphasizing on various merger & acquisition strategies to gain a competitive advantage in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of plant asset management (PAM) exceeded USD 5 billion in 2021 and is poised to record a CAGR of more than 10% between 2022 and 2030, owing to the increasing need for improving processes across manufacturing and utility plants.

The asset lifecycle management solution segment held over 30% of the PAM industry in Canada in 2021 owing to the higher adoption of technologies like IoT and automation across plants.

In China, the PAM market share from the aerospace & defense end-user segment is slated to grow at a 15% CAGR through 2030 driven by the rising number of investments in advanced technologies.

Production assets management segment dominated with over 60% of the U.K. market share in 2021 with the rising need for increasing the efficiency of production environments.

Some of the leading players in global PAM industry are CGI Group, Inc., General Electrical, Honeywell, Punzenberger COPA-DATA GmbH, IBM Corporation, Bentley Systems, ABB Ltd., and Schneider Electric SA, among many others.