(MENAFN- GlobeNewsWire - Nasdaq) The global asset performance management (APM) market is forecasted to expand significantly, reaching $27.37 billion by 2035 from $9.98 billion in 2024, at a 9.34% CAGR from 2025-2035. This growth is driven by the demand for enhanced infrastructure reliability, predictive maintenance, and operational efficiency. Key advancements in IoT sensors, digital twins, and machine learning facilitate real-time monitoring, improving grid stability and asset lifespan. Regulatory mandates and the need for sustainable energy further boost APM adoption. Despite challenges such as high initial costs and cybersecurity risks, APM remains crucial for optimizing asset performance and resilience in power grids.Dublin, Sept. 12, 2025 (GLOBE NEWSWIRE) -- The "Asset Performance Management Market - A Global and Regional Analysis: Focus on Market by End-use Application, Solution, Functionality, and Region - Analysis and Forecast, 2025-2035" report has been added to ResearchAndMarkets's offering.
The global asset performance management (APM) market is projected to reach $27.37 billion by 2035 from $9.98 billion in 2024, growing at a CAGR of 9.34% during the forecast period 2025-2035.
The asset performance management (APM) market has been growing rapidly, driven by the need for enhanced reliability, predictive maintenance, and operational efficiency in power grids. Advances in IoT sensors, digital twins, and machine learning enable real-time monitoring and early fault detection, reducing downtime and extending asset life. Regulatory mandates on grid modernization and carbon reduction, such as those from the North American Electric Reliability Corporation (NERC), further fuel adoption.
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Strategic partnerships are accelerating innovations in non-intrusive monitoring and cloud analytics, particularly for aging infrastructure and smart switchgear systems. Challenges include high initial costs, data integration, and cybersecurity risks. Despite these, APM plays a vital role in optimizing asset performance, ensuring grid stability, and supporting the shift toward sustainable energy systems, making it essential for utilities aiming to reduce costs and improve resilience.
Introduction to the Asset Performance Management Market
The asset performance management (APM) market for switchgears, transformers, and overhead lines has experienced significant growth, driven by increasing demand for efficient and reliable power infrastructure. Advancements in technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning enable real-time monitoring and predictive maintenance of critical assets. These innovations facilitate the early detection of potential failures, reducing unplanned outages and extending asset lifecycles. Regulatory pressures and the need for sustainability further propel the adoption of APM solutions as utilities seek to optimize operations and comply with environmental standards.
Asset Performance Management Market's Industrial Impact
Asset Performance Management (APM) drives industrial efficiency by continuously monitoring and analyzing equipment health, enabling predictive maintenance that reduces unplanned downtime and extends asset lifespan. By optimizing performance and maintenance schedules, APM lowers operational costs, improves safety and compliance, and boosts overall plant productivity. For instance, Schneider Electric's APM-as-a-Service solution has demonstrated the ability to save up to $1 million by preventing transformer losses through proactive monitoring and data-driven insights.
Moreover, APM systems support utilities in transitioning from reactive to condition-based maintenance strategies, leading to extended asset lifecycles and improved operational efficiency. This approach not only reduces maintenance costs but also aligns with sustainability goals by minimizing resource consumption and enhancing grid resilience. Overall, APM systems are pivotal in modernizing energy infrastructure and ensuring reliable power delivery.
Asia-Pacific Region to Lead the Asset Performance Management Market (by Region)
The Asia-Pacific region is set to lead the asset performance management (APM) market due to several strategic factors. Rapid industrialization and the expansion of manufacturing sectors have been driving demand for advanced asset management solutions to optimize operational efficiency and minimize downtime. Additionally, the increasing adoption of Industry 4.0 technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), has been driving the integration of smart asset monitoring systems across key industries, including automotive, energy, and chemicals.
Governments in the region have also been investing heavily in infrastructure modernization, further accelerating the deployment of APM solutions. The region's focus on predictive maintenance and digital transformation initiatives positions it as a growth hotspot as companies seek to enhance asset reliability and extend the lifecycle of their equipment. Analogous to a well-coordinated supply chain that ensures seamless product delivery, the Asia-Pacific's ecosystem fosters a synchronized flow of data and insights, enhancing decision-making and operational agility, thereby solidifying its leadership in the APM market.
How can this report add value to an organization?
Product/Innovation Strategy: This report provides a comprehensive product and innovation strategy for the asset performance management market, highlighting opportunities for market entry, technological advancements, and sustainable practices. It provides actionable insights that enable organizations to achieve industry goals and capitalize on the growing demand for asset performance management solutions across various sectors.
Growth/Marketing Strategy: This report outlines a robust growth and marketing strategy specifically tailored for the asset performance management market. It emphasizes a targeted approach to identifying niche market segments, establishing competitive advantages, and implementing innovative marketing initiatives to optimize market share and financial performance. By leveraging these strategic recommendations, organizations can enhance their market presence, capitalize on emerging opportunities, and drive effective revenue growth.
Competitive Strategy: This report outlines a robust competitive strategy tailored for the asset performance management market. It assesses key market players, suggests differentiation tactics, and provides guidance for maintaining a competitive edge. By following these strategic directives, companies can effectively position themselves against competitors, ensuring long-term success and profitability in a rapidly evolving market.
Key Asset Performance Management Market Players and Competition Synopsis
The companies profiled in the asset performance management market have been selected based on input gathered from primary experts and an analysis of company coverage, project portfolio, and market penetration.
Prominent Names
ABB Aspen Technology Inc Bentley Systems, Incrporated GE Vernova IBM Infor Oracle SAP SE Schneider Electric Siemens Energy AVEVA Group plc Rugged Monitoring Honeywell International Inc. Emerson Electric Co. Rockwell Automation
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