Positive Material Identification (PMI) Market

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries.
Positive Material Identification (PMI) is the analysis of a metallic alloy to establish composition by reading the quantities by percentage of its constituent elements.
In terms of regions, Asia Pacific (APAC) accounted for the largest share of the PMI market in 2020. Countries in APAC are involved in the manufacturing of defense aircraft, which is expected to increase the adoption of PMI methods in the aerospace and defense industry. Many infrastructural development projects are under construction in this region and are scheduled to be completed during 2020–2023. The demand for automobiles in this region is estimated to grow by 2023, which would result in the need to increase the manufacturing of vehicles.
The oil and gas industry held the largest share of the PMI market in 2020. In the oil and gas industry, the prevention of the release of highly hazardous chemicals and toxic substances is of prime importance. Moreover, incurable accidents and damages, pipe leakages, premature pipe replacements, property damage, and unplanned outages at sites (such as refineries, chemical plants, and gas processing facilities) are some of the major issues faced by these facilities. These issues arise as a consequence of the use of faulty or forged metal building components, sulfidic deterioration of piping and critical equipment, or use of materials that do not meet the required specifications. PMI analyzers assist in checking the necessary parameters of these components and piping. Thus, the demand for these analyzers is likely to increase in the oil and gas industry.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Positive Material Identification (PMI) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Positive Material Identification (PMI) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

First, this report covers the present status and the future prospects of the global Positive Material Identification (PMI) market for 2015-2027.

Key Companies
Olympus
Thermo Fisher
Bruker
Hitachi
Ametek
Shimadzu
Panalytical
SGS
Bureau Veritas
Intertek
TUV SUD
Element Materials Technology
TUV Rheinland
Applus
TUV Nord


At the same time, we classify Positive Material Identification (PMI) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market by Order Type
X-Ray Fluorescence (XRF)
Optical Emission Spectrometry (OES)

Market by Application
Oil & Gas
Metals & Heavy Machinery
Aerospace & Defense
Automotive
Chemicals
Infrastructure
Pharmaceutical
Power Generation
Scrap Recycling 

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Positive Material Identification (PMI) market for the forecast period 2021 - 2027?
• What are the driving forces in the Positive Material Identification (PMI) market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Positive Material Identification (PMI) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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