The Plant Asset Management Market is expected to grow at an annual average of 9% during 2021-2027. Plant Asset Management (PAM) systems assess the health of assets by checking their health with a combination of hardware, software and services. The PAM system is designed to calculate possible asset errors by checking the analytical asset status information from data embedded in smart field devices, control systems and various sensors along with the analysis engine.
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The following segmentation are covered in this report:
By Deployment Mode
- Cloud-based (Online) Deployment
- On-premises (Offline) Deployment
By Asset Type
Production Assets
- Motors, Rotating, Reciprocating Equipment
- Process & Mechanical Equipment
- Remote Equipment, Wiring and Other Electrical Equipment
Automation Assets
- Field Devices
- Control Valves and Positioners, and Associated Equipment
By Offering
- Software Solutions
- Services
Key Players
- SWOT Analysis
- Key Developments
- Emerson Electric Co.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
