In conducting a demand analysis, there are several elements to consider:

A demand analysis within asset management evaluates how and why asset usage requirements may change. This includes:

Historical Demand – to establish trends and baselines.

Drivers for Change – such as population growth, regulation, or technology.

Service Level Requirements – what performance levels or capacities are expected in the future.

All listed options are integral for projecting future asset requirements and aligning lifecycle strategies accordingly.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.2.1 – Demand Analysis:

“Demand analysis includes reviewing historical demand, identifying drivers for future changes, and forecasting changes in required levels of service and output.”