DUBLIN--(BUSINESS WIRE)--The "Positive Material Identification Market by Offering, Technique (XRF and OES), Form Factor, Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
The growth of this market is mainly driven by 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.
XRF accounted for a larger share of the PMI equipment market, based on technique, in 2017. XRF is a widely preferred analytical technique for PMI owing to the portability of XRF analyzers. This analyzer is highly suitable for solids, liquids, and powders. XRF analyzers are widely used and mainly referred as a rapid characterization tool in many analytical labs across the metallurgy, forensics, polymers, electronics, archaeology, environmental analysis, geology, and mining applications, among others.
Olympus (Japan) and Thermo Fisher (US) are the top-ranked equipment providers in the PMI market, while SGS Group (Switzerland) and Bureau Veritas S.A. (France) are the top-ranked service providers in this market. These players rely on their strong R&D capabilities, diversified product/equipment and service portfolio, global reach, and growth strategies such as product launches and developments, and mergers and acquisitions to hold a large share of the overall PMI market.
- Stringent Safety Regulations By Governments and Quality Control Requirements
- Declining Efficiencies of Aging Assets and the Subsequent Need for Operational Safety
- Innovative Technological Advancements in PMI Equipment
- High Cost Associated With PMI Equipment
- Growing Number of Large-Scale Infrastructure Projects Globally
- Growing Preference to Outsource PMI Testing and Inspection Services to Third-Party Service Providers
- Lack of Skilled Personnel for Handling PMI Equipment
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 PMI Market, by Offering
7 PMI Equipment Market, by Technique
8 PMI Equipment Market, by Form Factor
9 PMI Market, by Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Bureau Veritas
- Element Materials Technology
- QSX Instruments
- TUV Nord
- TUV Rheinland
- TUV SUD
- Thermo Fisher
For more information about this report visit https://www.researchandmarkets.com/research/tb294p/global_positive?w=4