Plant Asset Management Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Plant Asset Management Market Size Analysis and Top Companies

The global plant asset management market size is estimated to hit around USD 29.01 billion by 2033, increasing from USD 6.92 billion in 2023 with a CAGR of 15.41% from 2023 to 2033.The top companies operating in the plant asset management market are Siemens AG, ABB Ltd., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Rockwell Automation, Inc., General Electric (GE), IBM Corporation, Bentley Systems, Inc., Yokogawa Electric Corporation, and Others.

Market Report Coverage

Plant Asset Management Key Players

• Siemens AG, ABB Ltd.
• Schneider Electric
• Honeywell International Inc.
• Emerson Electric Co.
• Rockwell Automation, Inc.
• General Electric (GE)
• IBM Corporation
• Bentley Systems, Inc.
• Yokogawa Electric Corporation

Recent Developments

• In October 2024, IBM acquired Bengaluru-based Prescinto, enhancing IBM Maximo's renewable energy asset performance management (APM) capabilities to support global energy and utility sectors in optimizing renewable energy and storage assets.
• In March 2024, Yokogawa Electric Corporation launched OpreX Carbon Footprint Tracer, a cloud-based solution for process manufacturing industries to calculate, visualize, and reduce CO2 emissions, integrated with SAP sustainability footprint management for compliance with European standards.

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