Positive Material Identification Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

The positive material identification (PMI) is a term that performs identification and analysis of materials through different non-destructive methods to confirm that the intended materials are the actual materials used. The positive material identification is capable of determining the metallic alloy composition of materials. Additionally, it is a well-established procedure that can either be performed in the laboratory or on the field using handheld devices.

MARKET DYNAMICS

The positive material identification market is mainly driven by the oil and gas industry. However, the lack of skilled personnel for handling these equipment's and high cost associated with PMI equipment are some of the factors which may restrain the growth of positive material handling market. Moreover, the preference to outsource PMI testing and inspection services to third-party service and the growing number of large-scale infrastructure projects globally, are anticipated to provide new opportunities for the positive material identification market.

MARKET SCOPE

The "Global Positive Material Identification Market Analysis to 2031" is a specialized and in-depth study of the positive material identification market with a special focus on the global market trend analysis. The report aims to provide an overview of positive material identification market with detailed market segmentation by offering, technique, form factor, industry vertical. The global positive material identification market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading positive material identification market players and offers key trends and opportunities in the positive material identification market.

MARKET SEGMENTATION

The global positive material identification market is segmented on the basis of offering, technique, form factor, industry vertical. On the basis of offering, the market is segmented as equipment, services. On the basis of technique, the market is segmented as X-ray fluorescence (XRF), optical emission spectrometry (OES). On the basis of form factor, the market is segmented as portable analyzers, benchtop analyzers. On the basis of industry vertical, the market is segmented as oil & gas, metals & heavy machinery, aerospace & defense, automotive, infrastructure, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global positive material identification market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The positive material identification market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting positive material identification market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the positive material identification market in these regions.

MARKET PLAYERS

The reports cover key developments in the positive material identification market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from positive material identification market are anticipated to lucrative growth opportunities in the future with the rising demand for positive material identification market. Below mentioned is the list of few companies engaged in the positive material identification market.

The report also includes the profiles of key positive material identification market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  OLYMPUS CORPORATION
  
•  Applus+
  
•  Bruker
  
•  Element Materials Technology
  
•  Hitachi High-Tech Analytical Science
  
•  Intertek Group plc
  
•  SGS SA
  
•  Thermo Fisher Scientific Inc.
  
•  Torontech Inc.
  
•  TÜV Rheinland
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Positive Material Identification Report Scope