Positive Material Identification Market – Global Industry Analysis and Forecast (2017-2024)_ by Offering (Services, Equipment), by Technique (Optical Emission Spectrometry (OES), X-Ray Fluorescence (XRF)), by Form Factor (Benchtop an, Portable Analyzers), by Industry, and by Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)
Positive Material Identification Market valued USD 1.68 Billion in 2016 and expected to reach USD 2.98 Billion by 2024, at a CAGR of 7.43%.
Please click the link to find report description and Table of Content in detail Global Positive Material Identification Market – Industry Analysis and Forecast (2017-2024)
Key factors expected to drive the growth of market include 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.However, high costs associated with PMI equipment is restraining positive material identification market growth.
X-ray fluorescence (XRF) technique held larger share of the PMI market, in 2016
By technique, Positive Material Identification Market is segmented into Optical Emission Spectrometry (OES) and X-Ray Fluorescence (XRF). From Positive Material Identification Market segment, market for x-ray fluorescence (XRF) technique held the larger share of the positive material identification market, in 2016. This can be attributed to its advantages of portability of XRF analyzers XRF analytical technique is commonly preferred for PMI over other techniques.
Oil & gas industry held largest share of the PMI market, in 2016
By industry, positive material identification market Aerospace & Defense, Oil & Gas, Metals & Heavy Machinery, Infrastructure, Automotive, Scrap Recycling, Chemicals, Power Generation, and Pharmaceutical. Oil & gas industry accounted for the largest share of the PMI market. PMI analyzers assist in checking the necessary parameters which would further drive the growth of PMI market in oil and gas industries.
Portable analyzers held the largest share of the overall PMI equipment market in 2016
Based on form factor, Positive Material Identification Market Benchtop An and Portable Analyzers. Portable analyzers accounted for the largest share of the overall PMI equipment market owing to advantages offered by the portable analyzers such as low size and small form factor.
APAC held the largest share of the PMI market and is anticipated to dominate the PMI market by 2024
Geographically Positive Material Identification Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among geographical regions, APAC accounted for the largest share of the PMI market. Growth of this rtegion can be attributed to increasing adoption of PMI methods in the aerospace and defense industry in APAC countries.
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 96071 95908/ 9607065656
For more information visit: https://www.maximizemarketresearch.com/market-report/global-positive-material-identification-market/3146/
By: www.maximizemarketresearch.com