(Entertainment-NewsWire.com, July 13, 2018 ) Plant asset management (PAM) systems is a combination of hardware, software, and services to evaluate asset health by checking its condition. PAM system is designed to determine analytical asset health information from data, which is embedded in smart field devices, control systems, and various sensors in concert with an analytical engine to calculate possible asset failures.
Rising adoption of lean manufacturing practices and demand for cloud based plant asset management are the major drivers which are fueling the growth of plant asset management market whereas high investment cost of the system is a key limiting factor for this market. Industry-specific plant asset management solution will add new opportunities for this market in the coming years.
The "Global Plant Asset Management Market Analysis to 2025" is a specialized and in-depth study of the plant asset management industry with a focus on the global market trend. The report aims to provide an overview of global plant asset management market with detailed market segmentation by asset type, offering, deployment mode, end-user and geography. The global plant asset management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global plant asset management market based on asset type, offering, deployment mode and end-user. It also provides market size and forecast till 2025 for overall plant asset management market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key plant asset management market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are ABB Ltd., Emerson Electric Co., Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG , Yokogawa Electric Corporation, General Electric Co., Endress+Hauser Management AG, Schneider Electric Se, AB SKF, and among others.