Positive Material Identification Market to Witness Huge Growth by Key Players: Olympus, Thermo Fisher, Bruker, Hitachi High Technologies Corporation, Ametek, Simadzu, PANalytical B.V, SGS Group, Bureau Veritas S.A., Intertek Group PLC and Others.

According to Market Study Report, Positive Material Identification Market provides a comprehensive analysis of the Positive Material Identification Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Positive Material Identification Market. An exclusive data offered in this report is collected by research and industry experts team.

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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. This report spread across 149 pages, profiling 07 companies and supported with 70 tables and 55 figures are now available in this research.

Top Key Players Profiled in the Positive Material Identification Market:
o Olympus (Japan)
o Thermo Fisher (US)
o Bruker (US)
o Hitachi High Technologies Corporation (Japan)
o Ametek (US)
o Simadzu (Japan)
o PANalytical B.V. (Netherlands)
o SGS Group (Switzerland)
o Bureau Veritas S.A. (France)
o Intertek Group PLC (UK)
o TUV SUD Group (Germany)
o Element Materials Technology (UK)
o TUV Rheinland AG Group (Germany)
o Applus Services S.A. (Spain)
o TUV Nord Group (Germany)
o Tribogenics (US)
o Torontech (Canada)
o Sciaps (US)
o QSX Instruments (US)
o Xenemetrix (Israel)

"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 TUV SUD. 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.

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"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 bench top devices weighing more than 15-20 kg per analyzer.

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

Competitive Landscape of Positive Material Identification Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Scenario
3.1 Product Launches & Developments
3.2 Mergers & Acquisitions
3.3 Expansions

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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).

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