The Global Inspection, Repair and Maintenance (IRM) Service Market was valued at USD 43.27 Billion in 2023 and is projected to reach USD 83.66 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.60% during the forecast period (2023–2032). This growth is being driven by the expanding needs of the oil and gas sector for offshore asset management, the rise of renewable energy installations requiring specialized upkeep, and the increasing adoption of predictive maintenance technologies powered by AI and IoT across industrial applications.
As industries worldwide push toward greater operational efficiency, safety, and sustainability, the focus has shifted to service providers who excel in minimizing downtime and extending asset lifespans. In this blog, we profile the Top 10 Companies in the Inspection, Repair and Maintenance (IRM) Service Market—a blend of global engineering powerhouses, subsea experts, and innovation-driven firms that are redefining reliability in energy and infrastructure sectors.
🔟 1. Schlumberger Limited
Headquarters: Houston, Texas, USA
Key Offering: Subsea IRM, predictive analytics, and remote monitoring solutions
Schlumberger stands as a dominant force in the IRM landscape, delivering comprehensive services to the oil and gas industry with a strong emphasis on offshore operations. The company’s advanced technologies, including remotely operated vehicles (ROVs) and digital twins, enable precise inspections and timely repairs, helping clients avoid costly disruptions. With a global footprint spanning over 120 countries, Schlumberger supports everything from pipeline integrity assessments to complex subsea repairs, ensuring assets perform optimally even in harsh environments.
Furthermore, their commitment to innovation is evident in the integration of data-driven insights that predict potential failures before they occur. This proactive approach not only reduces operational risks but also aligns with the industry’s shift toward more sustainable practices by optimizing resource use.
Technological Advancements:
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Deployment of AI-powered predictive maintenance platforms
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Expansion of ROV fleets for deepwater inspections
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Partnerships for digital integration in renewable energy projects
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9️⃣ 2. Baker Hughes Company
Headquarters: Houston, Texas, USA
Key Offering: Integrity management, subsea repair, and digital inspection tools
Baker Hughes excels in providing end-to-end IRM solutions tailored for the energy sector, particularly in upstream oil and gas activities. Their services encompass non-destructive testing (NDT), corrosion monitoring, and emergency response repairs, all backed by a robust portfolio of patented technologies. Operating in challenging environments like deep-sea fields, Baker Hughes has earned a reputation for reliability, serving major operators worldwide by extending asset life and enhancing safety standards.
What sets them apart is their focus on hybrid solutions that combine traditional fieldwork with cutting-edge software for real-time data analysis. This methodology allows clients to make informed decisions quickly, minimizing exposure to environmental hazards and regulatory non-compliance.
Technological Advancements:
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Advanced sensor technologies for real-time asset health monitoring
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Collaborative R&D for low-carbon IRM in renewables
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Global training programs to upskill workforce on new tools
8️⃣ 3. Fugro N.V.
Headquarters: Leidschendam, Netherlands
Key Offering: Geotechnical surveys, subsea IRM, and environmental monitoring
Fugro is a leader in geospatial and asset integrity services, offering specialized IRM for offshore infrastructure in oil, gas, and renewables. Their expertise in underwater inspections using autonomous underwater vehicles (AUVs) and high-resolution imaging has revolutionized how operators maintain pipelines and platforms. With operations in over 40 countries, Fugro’s services prevent failures that could lead to significant financial and ecological impacts.
The company’s strength lies in its ability to integrate environmental data into maintenance strategies, promoting sustainable operations. By identifying risks early, Fugro helps clients comply with stringent international regulations while optimizing costs over the asset’s lifecycle.
Technological Advancements:
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Innovation in drone-based aerial and subsea inspections
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Development of eco-friendly repair materials
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Expansion into offshore wind farm maintenance
7️⃣ 4. TechnipFMC plc
Headquarters: London, United Kingdom
Key Offering: Subsea equipment repair, life-of-field services, and digital twins
TechnipFMC combines engineering prowess with IRM excellence, focusing on subsea production systems for the energy industry. Their services include installation, inspection, and refurbishment of subsea trees and manifolds, ensuring uninterrupted production in remote locations. As a key player in the transition to renewables, they adapt their technologies for wind and hydrogen projects, broadening their market reach.
Because of their integrated approach, clients benefit from seamless transitions between construction and ongoing maintenance phases. This continuity reduces interface risks and enhances overall project economics, making TechnipFMC a preferred partner for long-term asset management.
Technological Advancements:
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AI-enhanced remote operating centers
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Sustainable subsea intervention tools
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Goal to achieve carbon-neutral operations by 2030
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6️⃣ 5. Aker Solutions ASA
Headquarters: Fornebu, Norway
Key Offering: Front-end engineering, decommissioning, and IRM for offshore assets
Aker Solutions provides vital IRM services with a Nordic emphasis on safety and efficiency, serving the oil, gas, and renewable sectors. Their portfolio includes structural inspections, repair welding, and maintenance planning for platforms and subsea installations. Known for their engineering innovation, Aker Solutions operates across the North Sea and beyond, supporting clients in maintaining compliance and operational integrity.
However, their real edge comes from sustainable decommissioning services that minimize environmental footprints. By recycling materials and reducing waste, they align IRM with global ESG goals, appealing to forward-thinking energy firms.
Technological Advancements:
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Modular repair systems for faster interventions
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Integration of VR for training and simulations
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Focus on green hydrogen infrastructure maintenance
5️⃣ 6. Oceaneering International, Inc.
Headquarters: Houston, Texas, USA
Key Offering: ROV services, pipeline repair, and integrity assessments
Oceaneering is renowned for its ROV expertise, delivering precise IRM solutions for subsea environments worldwide. Their services cover trenching, inspection, and emergency repairs, critical for maintaining flow assurance in oil and gas pipelines. With a fleet of advanced vehicles, they handle projects from shallow waters to ultra-deep operations, ensuring minimal disruption to production.
Moreover, Oceaneering’s push into renewables includes inspections for offshore wind turbines, showcasing adaptability. This diversification strengthens their position as operations grow more complex and environmentally focused.
Technological Advancements:
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High-definition imaging for defect detection
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Autonomous ROV development for cost efficiency
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Target output: Enhanced safety metrics in 90% of projects
4️⃣ 7. Petrofac Limited
Headquarters: London, United Kingdom
Key Offering: Asset integrity management, shutdown services, and subsea IRM
Petrofac offers lifecycle IRM support, from initial surveys to ongoing maintenance for onshore and offshore facilities. Specializing in the Middle East and North Sea, they provide corrosion protection, pressure testing, and repair strategies that extend asset usability. Their client-centric model ensures tailored solutions that meet specific operational challenges.
In addition, Petrofac invests in workforce development and digital tools to streamline processes. This not only boosts efficiency but also addresses the skilled labor shortage plaguing the industry.
Technological Advancements:
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Digital platforms for asset lifecycle tracking
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Regional expansions in renewable IRM
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R&D in non-intrusive inspection methods
Download FREE Sample Report: Inspection, Repair and Maintenance (IRM) Service Market – View in Detailed Research Report
3️⃣ 8. Royal Boskalis Westminster N.V.
Headquarters: Papendrecht, Netherlands
Key Offering: Marine survey, subsea installation, and maintenance services
Royal Boskalis Westminster delivers IRM through its marine expertise, focusing on port infrastructure, offshore energy, and dredging-related upkeep. Their services include seabed inspections, cable repairs, and structural maintenance, vital for global trade and energy transport. With a strong European base, they extend operations to Asia and Africa, supporting diverse projects.
Their emphasis on sustainability involves eco-friendly vessels and low-emission practices, aligning with the green transition in maritime industries. This forward-thinking stance positions them well for future demands.
Technological Advancements:
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Advanced geophysical mapping tools
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Collaborations for offshore renewable upkeep
2️⃣ 9. Sapura Energy Berhad
Headquarters: Kuala Lumpur, Malaysia
Key Offering: Drilling support, subsea IRM, and engineering services
Sapura Energy Berhad is a key Asian player in IRM, providing inspection and repair for offshore platforms and FPSOs in Southeast Asia’s energy hubs. Their integrated services cover ROV operations, diving support, and maintenance engineering, ensuring high uptime for clients in mature fields.
Furthermore, they are expanding into renewables, offering IRM for floating solar and wind assets. This strategic move capitalizes on regional growth in clean energy.
Technological Advancements:
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Localized digital inspection hubs
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Partnerships for advanced repair robotics
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Aims for 20% service growth in renewables by 2027
1️⃣ 10. Helix Energy Solutions Group, Inc.
Headquarters: Houston, Texas, USA
Key Offering: Well intervention, subsea construction, and IRM logistics
Helix Energy Solutions tops the list with specialized IRM for well and subsea assets, including decommissioning and pipeline maintenance. Their vessel-based operations enable rapid response in the Gulf of Mexico and North Sea, reducing downtime through efficient interventions.
By leveraging robotics and remote monitoring, Helix minimizes human risk while maximizing precision. Their role in P&A (plug and abandonment) supports the industry’s environmental commitments.
Technological Advancements:
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End-to-end digital solutions for subsea assets
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Strategic alliances for global IRM expansion
Read Full Report: Inspection, Repair and Maintenance (IRM) Service Market – View in Detailed Research Report
🌍 Outlook: The Future of Inspection, Repair and Maintenance (IRM) Services Is Smarter and More Efficient
The IRM service market is experiencing profound evolution. While traditional reactive approaches persist, the sector is channeling substantial investments into AI-driven predictive tools, remote technologies, and sustainable practices to handle increasingly complex assets in a net-zero world.
Industries like oil and gas, renewables, and infrastructure are under pressure to enhance reliability amid aging assets and regulatory demands. This has spurred a wave of innovation, where companies are not just fixing problems but preventing them through data analytics and automation. As a result, downtime costs, which can reach millions per day in offshore operations, are being curtailed significantly.
Looking ahead, the integration of IoT sensors and machine learning will dominate, allowing for real-time health monitoring of assets from pipelines to wind turbines. Furthermore, the shift toward renewables will demand specialized IRM for emerging technologies like floating offshore wind farms, where harsh conditions amplify maintenance challenges. Regional dynamics play a role too; North America’s mature oil fields drive demand for integrity services, while Asia-Pacific’s rapid industrialization fuels growth in preventive strategies.
Challenges remain, including skilled labor shortages and the high costs of deepwater operations. However, strategic partnerships and digital adoption are mitigating these hurdles. Overall, the market’s trajectory points to a more resilient, efficient future where IRM is integral to sustainable growth.
📈 Key Trends Shaping the Market:
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Adoption of predictive and reliability-centric maintenance in 70% of new projects
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Regulatory mandates for enhanced safety and environmental compliance by 2030
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Digitalization through IoT and AI for remote inspections
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Collaborations between energy firms and IRM providers for integrated solutions
Market Trends Affecting Inspection, Repair and Maintenance (IRM) Services
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Integration of AI and Machine Learning — AI algorithms are transforming predictive maintenance by analyzing vast datasets from sensors to forecast failures. Companies like Schlumberger are leading with platforms that reduce unplanned outages by up to 30%, streamlining workflows in high-stakes environments.
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Remote and Autonomous Technologies — The shift to drones, AUVs, and remote-operated systems minimizes human exposure in hazardous areas. For instance, Fugro’s unmanned surveys cut costs and emissions, aligning with safety regulations and appealing to operators in remote offshore locations.
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Sustainability in Offshore Operations — With net-zero goals, IRM firms are prioritizing low-carbon methods and eco-materials. Baker Hughes exemplifies this through recyclable repair components, supporting the energy transition while complying with global standards like the EU’s Green Deal.
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Data Analytics and Digital Twins — Virtual replicas of assets enable simulation-based maintenance planning. TechnipFMC’s use of digital twins optimizes repair schedules, enhancing efficiency for aging infrastructure and new renewable installations alike.
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Expansion into Renewables — IRM demand surges for wind and solar farms, with services adapting from oilfield tech. Aker Solutions’ ventures into offshore wind maintenance highlight how traditional players are diversifying to capture this high-growth segment.
In the broader context, these trends are interconnected; for example, AI enhances remote ops, which in turn supports sustainability by reducing travel emissions. Industry reports indicate that by 2030, predictive maintenance could save the sector billions in avoided losses. Moreover, geopolitical factors, such as energy security needs, are accelerating investments in robust IRM frameworks.
Geographically, Europe leads in regulatory-driven innovations, while North America’s shale boom sustains demand for reactive services. Asia-Pacific, with its burgeoning energy needs, offers untapped potential, particularly in preventive applications. Challenges like supply chain disruptions from global events underscore the need for resilient strategies.
Read Full Report: Inspection, Repair and Maintenance (IRM) Service Market – View in Detailed Research Report
The companies listed above are not only ensuring asset reliability—they’re spearheading the digital and sustainable transformation of industrial operations.