Plant Asset Management Systems Market: Global Industry Analysis and Forecast 2016 - 2024

Plant Asset Management Systems Market: Global Industry Analysis
and Forecast 2016 - 2024

Persistence Market Research

Plant Asset Management Systems Market:
Global Industry Analysis and Forecast 2016 2024

Persistence Market Research

1

Plant Asset Management Systems Market: Global Industry Analysis
and Forecast 2016 - 2024

Persistence Market Research Released New Market Report on “Plant Asset Management
Systems Market: Global Industry Analysis and Forecast 2016 - 2024”.
Plant asset management systems are used to provide a predictive health information of the
assets. This information is derived from embedded data in control systems, smart field devices
and sensors. There is an intelligent engine for analytical operations to proactively predict the
problems before its escalation.
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Plant asset management systems are expanding in capability for almost all production and
automation assets. Solution for asset and corrosion integrity is emerging in industries as
application specific solution. Issues related to corrosion can be predicted by this solution and
hence the managers can apply risk management for the assets.
Plant asset management can be segmented on the basis of software, hardware and services,
industry and asset type. Under the industry segment the market is sub divided as chemical and
petrochemical industry, electricity generation industry, food and beverage industry, metals and
mining industry, oil and gas industry, pharmaceutical and biotechnology industry, pulp and paper
industry, refining industry and water and wastewater industry among others. The segment on
the basis asset type can further be sub segmented as production assets and automation assets.
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