A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization. It also generates real-time data of assets, which enables officials to take an 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.
The production asset segment is expected to dominate the global plant asset management market during the forecast period. It is important to maintain the health of assets, especially production assets which are continuously used. The low performance of these assets hampers the production process. This leads to high adoption of plant asset management solutions to improve the efficiency and performance. However, the market for the automation asset segment is expected to grow at the highest CAGR between 2018 and 2023 owing to the increasing adoption of automation for performing complex manufacturing processes and reducing human errors in process and discrete industries around the world.
Market Analysis and Insights: Global Plant Asset Management (PAM) Market
In 2019, the global Plant Asset Management (PAM) market size was US$ xx million and it is expected to reach US$ xx million by the end of 2026, with a CAGR of xx% during 2021-2026.
Global Plant Asset Management (PAM) Scope and Market Size
Plant Asset Management (PAM) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Plant Asset Management (PAM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Plant Asset Management (PAM) market is segmented into Production Assets, Automation Assets, etc.
Segment by Application, the Plant Asset Management (PAM) market is segmented into Oil & Gas, Energy & Power, Food & Beverages, Chemical, Metals & Mining, Pharmaceutical & Biotech, Automotive, Semiconductor & Electronics, Medical Device, etc.
Regional and Country-level Analysis
The Plant Asset Management (PAM) market is analysed and market size information is provided by regions (countries).
The key regions covered in the Plant Asset Management (PAM) market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Plant Asset Management (PAM) Market Share Analysis
Plant Asset Management (PAM) market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Plant Asset Management (PAM) business, the date to enter into the Plant Asset Management (PAM) market, Plant Asset Management (PAM) product introduction, recent developments, etc.
The major vendors include ABB, Emerson, Honeywell, Rockwell Automation, Siemens, Applied Material, Dassault Systemes, Endress+Hauser, GE Digital, Hitachi, IBM, IFS, Petrofac, SAP, etc.

This report focuses on the global Plant Asset Management (PAM) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plant Asset Management (PAM) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

ABB
Emerson
Honeywell
Rockwell Automation
Siemens
Applied Material
Dassault Systemes
Endress+Hauser
GE Digital
Hitachi
IBM
IFS
Petrofac
SAP

Market segment by Type, the product can be split into

Production Assets
Automation Assets

Market segment by Application, split into

Oil & Gas
Energy & Power
Food & Beverages
Chemical
Metals & Mining
Pharmaceutical & Biotech
Automotive
Semiconductor & Electronics
Medical Device

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Plant Asset Management (PAM) status, future forecast, growth opportunity, key market and key players.
To present the Plant Asset Management (PAM) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Plant Asset Management (PAM) are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.