1. Home
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Positive Material Identification Market by Offering, Technique, Form Factor, Industry And Geography - Global Forecast to 2023

Positive Material Identification Market by Offering, Technique, Form Factor, Industry And Geography - Global Forecast to 2023

  • March 2018
  • 151 pages
  • ID: 5368676
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The PMI market is expected to grow at a CAGR of 7.79% between 2018 and 2023
The positive material identification (PMI) market is expected to grow from USD 1.99 billion in 2018 to USD 2.89 billion by 2023, at a CAGR of 7.79% between 2018 and 2023. Some of the drivers for the growth of this market are stringent safety regulations by governments and quality control requirements, declining efficiencies of aging assets and the subsequent need for operational safety, and innovative technological advancements in PMI equipment. The main restraint for the market growth is a high cost associated with PMI equipment.

The PMI market for services is expected to grow at a higher CAGR during the forecast period
The PMI services considered in the study involve only the third-party services offered by the testing, inspection, and certification (TIC) players, such as SGS, Bureau Veritas, Intertek, and TÜV SÜD.Various industry players purchasing PMI equipment for the testing of alloy and metal materials are not considered in this scope.

The market for services is likely to grow at a higher CAGR owing to the increasing concentration of the third-party service providers in this market. This market is basically known as the outsourced market, wherein the experts render these services as per the client demands.

XRF analyzers held major size of the PMI equipment market in 2017
The adoption of XRF analyzers is huge as compared with that of OES analyzers, as XRF is the purest form of NDT, and these analyzers are less expensive than the OES analyzers.Also, the OES method results in burned marks on the objects, whereas XRF provides clean analysis.

Moreover, XRF analyzers are small in size and are mostly portable, whereas OES analyzers are mostly suitable for laboratory use being benchtop devices weighing more than 15–20 kg per analyzer. These factors are likely to continue to boost the adoption of XRF analyzers in industries such as oil and gas, scrap recycling, and chemicals in the future as well.

The PMI market in APAC is expected to be grow at the highest CAGR during the forecast period
APAC is the largest contributor to the adoption of PMI offering.The region, including China, Japan, and India, has shown increased adoption in the market owing to strong industrial base in these countries.

The market in APAC is expected to grow at the highest CAGR during the forecast period owing to the growing implementation of these equipment for the improvement of processes in various industries.

Breakdown of profile of primary participants:
• By Company: Tier 1 – 53 %, Tier 2 – 15%, and Tier 3 – 32%
• By Designation: C-Level Executives – 30%, Directors – 27%, and Others – 43%
• By Region: North America – 20%, Europe – 16%, APAC – 40%, and RoW – 24%

The major players profiled in this report include:
• Olympus (Japan)
• Thermo Fisher (US)
• Bruker (US)
• Hitachi High Technologies Corporation (Japan)
• Ametek (US)
• Simadzu (Japan)
• PANalytical B.V. (Netherlands)
• SGS Group (Switzerland)
• Bureau Veritas S.A. (France)
• Intertek Group PLC (UK)
• TÜV SÜD Group (Germany)
• Element Materials Technology (UK)
• TÜV Rheinland AG Group (Germany)
• Applus Services S.A. (Spain)
• TÜV Nord Group (Germany)
• Tribogenics (US)
• Torontech (Canada)
• Sciaps (US)
• QSX Instruments (US)
• Xenemetrix (Israel)

Research Coverage
The study segments the PMI market report into offering (equipment and services); the PMI equipment market has been further segmented into technique (XRF and OES) and form factor (portable analyzers and benchtop analyzers). The PMI market study also covers industries and provides the geographic forecast of the market size for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to buy the report
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the PMI market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different applications and regions.
2. The report provides the detailed analysis of the PMI market with the help of competitive leadership mapping, and value chain analysis including key companies in the market and their relations in the ecosystem.
3. The report helps stakeholders to understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.
4. This report would help stakeholders to understand their competitors better and gain insights to enhance their position in the business.
5. The competitive landscape section includes the competitor ecosystem along with the recent and important developments, including expansions, and mergers and acquisitions in the PMI market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Industrial Ethernet Market with Recession Impact Analysis by Offering, Protocol, End-use Industry and Region- Global Forecast to 2028

  • $ 4950
  • January 2023
  • 204 pages

The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028; it is expected to register a CAGR of 7.5% during the forecast period. Services in offering ...

  • World
  • APAC
  • Automotive
  • Industrial Automation
  • Industry analysis
  • Gross Domestic Product
  • Industrial Production

ref:plp2018

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on