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Positive Material Identification Market Set to Grow at 7.5% CAGR through 2025, Driven by Industrial Expansion and Technological Advancements

01-20-2025 08:43 AM CET | IT, New Media & Software

Press release from: The Business research company

Positive Material Identification Market

Positive Material Identification Market

An in-depth look at the global positive material identification market, focusing on the market size, key players, trends, and growth drivers.

What Is The Projected Market Size Of The Positive Material Identification Global Market And Its Growth Rate?
• The positive material identification market size has grown significantly and will continue to expand from $3.07 billion in 2024 to $3.3 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.5%.
• The growth in the historic period can be attributed to safety and quality assurance, industrial expansion, metal processing and fabrication, aerospace and defense applications, and growth in the oil and gas industry.

What Is Driving The Growth In The Positive Material Identification Global Market Report 2025?
The growth of the oil & gas industries is expected to drive the positive material identification (PMI) market. The oil & gas industry is crucial for hydrocarbon exploration, data collection, development, drilling, production, gathering, refining, distribution, and transportation. PMI plays an essential role in quality control and safety compliance in these sectors. According to the United States Energy Information Administration, natural gas output in the United States increased by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. Therefore, the oil & gas industries are driving the growth of the positive material identification market.

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Who Are the Key Players Driving Positive Material Identification Global Market Report 2025 Growth?
• Olympus Corporation
• Thermo Fisher Scientific Corporation
• Bruker Corporation
• Hitachi Ltd.
• Ametek Inc.
• Malvern Panalytical
• SGS S.A.
• Bureau Veritas
• Intertek Group plc.
• Applus+
• Shimadzu Corporation
• TÜV Rheinland
• TÜV SÜD America
• SciAps Inc.
• Tribogenics Inc.
• Agilent Technologies
• PerkinElmer
• HORIBA
• Spectris
• Anritsu
• Andor Technology
• Buehne
• Cofatech
• Corning
• Danaher Corporation
• Deutsche Telekom
• Element Materials Technology
• TUV Nord
• Torontech
• QSX Instruments

What Are The Key Trends In The Positive Material Identification Global Market Report 2025?
• Advancements in handheld devices
• Integration of AI and data analytics
• Focus on industry-specific solutions
• Rise of mobile and cloud integration
• Enhanced non-destructive testing

What Are The Segments Of The Global Positive Material Identification Global Market Report 2025?
• By Offering: Equipment, Services
• By Form Factor: Portable Analyzers, Benchtop Analyzers
• By Technique: X-Ray Fluorescence (XRF), Optical Emission Spectrometry (OES)
• By Industry: Oil And Gas, Metals And Heavy Machinery, Automotive, Scr*ap Recycling, Chemicals, Power Generation, Pharmaceutical

Which Region Leads The Positive Material Identification Global Market Report 2025?
North America was the largest region in the positive material identification market in 2024. The booming industries and technological advancements in these countries have contributed significantly to the growth of the global market. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What Is Covered In The Positive Material Identification Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Positive Material Identification Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Positive Material Identification Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Positive Material Identification Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Positive Material Identification Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.

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