Question 1

Who provides plant asset management solutions?

Accepted Answer

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.

Question 2

How big is the U.K. production asset management market?

Accepted Answer

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.

Question 3

How is the aerospace sector expanding China plant asset management industry?

Accepted Answer

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.

Question 4

What is the plant asset management market worth?

Accepted Answer

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.

Question 5

Why is the demand for plant asset lifecycle management growing in Canada?

Accepted Answer

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.

Plant Asset Management Market Size

Plant Asset Management Market Size

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