Plant Asset Management Market to Reach $7.8 Billion by 2022 - Growing Demand for Cloud-based PAM Solutions - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Plant Asset Management Market - Global Forecast to 2022" report to their offering.

The plant asset management market is expected to be valued at USD 7.87 billion by 2022, growing at a CAGR of 10.7% between 2016 and 2022.

The key driving factors for the growth of the PAM market are increasing adoption of lean manufacturing practices and growing demand for cloud-based PAM solutions, real-time data analysis, and failure detection software. However, high investment cost, need for periodic upgradation of plant asset management solutions, and complexity involved in installation are some of the key factors restraining the growth of the plant asset management market.

The plant asset management market in the APAC region is expected to grow at the highest rate between 2016 and 2022. The major factors driving the plant asset management market growth in the APAC region are continuous advancements and technological innovations in different industries, economic development in China, Japan, and India, growing infrastructure developments in India and other Southeast Asian countries, and increasing foreign investment in the region. Furthermore, the emergence of China as the major manufacturing hub is increasing the scope of PAM software and services in the region.

Companies Mentioned:

  • AB SKF
  • ABB Ltd.
  • Emerson Electric Co.
  • Endress+Hauser Management AG
  • General Electric Co.
  • Honeywell International, Inc.
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market Analysis, by Offering

8 Market Analysis, by Deployment Mode

9 Market Analysis, by Asset Type

10 Market, by End-User Industry

11 Geographical Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/jsv7tv/plant_asset

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Related Topics: Banking and Financial Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Banking and Financial Services