Global Plant Asset Management System Market 2016-2020

About Plant Asset Management System

A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives a better control over the production process and generates a real-time data of assets, which enables officials to take informed decision. The real-time data generated by a PAM system can also be used to identify signs of failure, ensuring that plant productivity is not hit due to machine downtime.

Technavio’s analysts forecast the global PAM system market to grow at a CAGR of 10.07% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of the PAM software and maintenance and support services in this report.

The market is divided into the following segments based on geography:

  • US
  • EMEA
  • Asia
  • ROW
Technavio's report, Global Plant Asset Management System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Siemens
Other
    prominent vendors
  • Applied Materials
  • Dassault Systèmes
  • Endress+Hauser
  • GE Energy
  • Hitachi
  • IBM
  • Petrofac
  • SAP
  • Schneider Electric
  • Yokogawa
Market
    driver
  • Shift to lean manufacturing and green technology
  • For a full, detailed list, view our report
Market
    challenge
  • Threat from substitutes
  • For a full, detailed list, view our report
Market
    trend
  • Integration with IIoT-connected smart devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Plant Asset Management System Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Plant Asset Management System Market: ABB, Emerson Electric, Honeywell, Rockwell Automation and Siemens.

Other Prominent Vendors in the market are: Applied Materials, Dassault Systèmes, Endress+Hauser, GE Energy, Hitachi, IBM, Petrofac, SAP, Schneider Electric and Yokogawa.

Commenting on the report, an analyst from Technavio’s team said: “Companies in the manufacturing industry are integrating PAM with smart devices that are connected to the industrial Internet of Things (IIoT), in order to achieve better business outcomes. Connecting PAM systems to IIoT allows for faster decision-making and easy collection, integration, and analysis of data gathered from multiple sources, units, plants, and operations.”

According to the report, the use of PAM can help process-oriented companies to go green and reduce cost by cutting down wastage and defects. PAM also improves plant efficiency by ensuring operations on a real-time basis and providing updated information continuously to operators on the shop floor.

Further, the report states that the substitutes pose a challenge to PAM software because end-users, such as power, oil and gas, chemicals and petrochemicals, automotive, and the food and beverages industries prefer these software because these perform applications similar to PAM with no additional cost.

Companies Mentioned

ABB, Emerson Electric, Honeywell, Rockwell Automation, Siemens, Applied Materials, Dassault Systèmes, Endress+Hauser, GE Energy, Hitachi, IBM, Petrofac, SAP, Schneider Electric, Yokogawa.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Products and solutions offerings
    • Other prominent vendors
      • Table Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global PAM system market segmentation
      • Table Global PAM system market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end user
    • Market overview
      • Table End-users of global PAM system market
      • Table Market share of global PAM system market by end-users in 2015
      • Table Market share of global PAM system market by end-users in 2020
    • Global PAM system market: Oil and gas industry
      • Table Global PAM system market in oil and gas industry ($ millions)
    • Global PAM system market: Power industry
      • Table Global PAM system market in power industry ($ millions)
      • Table Global primary production of energy (Mtoe)
      • Table Global energy consumption (Mtoe)
    • Global PAM system market: Petrochemical industry
      • Table Global PAM system market in petrochemical industry ($ millions)
    • Global PAM system market: Pulp and paper industry
      • Table Global PAM system market in pulp and paper industry ($ millions)
    • Global PAM system market: Chemical industry
      • Table Global PAM system market in chemical industry ($ millions)
    • Global PAM system market: Mining and metal industry
      • Table Global PAM system market in mining and metal industry ($ millions)
    • Global PAM system market: Other industries
      • Table Global PAM system market in other industries ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Geographical segmentation of PAM system market
    • PAM system market in the US
      • Table PAM system market in the US ($ billions)
    • PAM system market in EMEA
      • Table PAM system market in EMEA ($ billions)
    • PAM system market in Asia
      • Table PAM system market in Asia ($ millions)
    • PAM system management market in the ROW
      • Table PAM system market in the ROW ($ millions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Competition financials
      • Table Financial analysis of major vendors
    • Business focus
    • Projects and contracts
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook