May 2009

Trends and Resources

HP Impact: HPImpact: Demand for plant asset management shows surprising resiliency

The worldwide 2008 market for Plant Asset Management (PAM) systems has grown an average of over 13%/yr since 2006. The PAM system market expanded over $400 million dollars since 2006, according to a ..

Weirauch, Wendy, Hydrocarbon Processing Staff

The worldwide 2008 market for Plant Asset Management (PAM) systems has grown an average of over 13%/yr since 2006. The PAM system market expanded over $400 million dollars since 2006, according to a new ARC Advisory Group study. The recent massive worker layoffs have thrust many organizations into precarious positions that threaten both plant performance and safety. "As dark clouds loom over the economy, PAM systems will continue to grow going forward, albeit at a slower rate," says ARC Research Director Wil Chin, the study's principal author. According to the study, the value proposition for PAM systems remains intact and—when combined with safety and other drivers associated wi

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