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Positive Material Identification Market by Offering, Technique (XRF and OES), Form Factor, Industry, and Geography - Global Forecast to 2023

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    Report

  • 151 Pages
  • March 2018
  • Region: Global
  • Markets and Markets
  • ID: 4489613
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Positive Material Identification Market by Offering (Equipment and Services), Technique (XRF and OES), Form Factor (Portable Analyzers and Benchtop Analyzers), Industry (Chemicals, Automotive, Scrap Recycling), and Geography - Global Forecast to 2023

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.

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data Obtained From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in PMI Market
4.2 PMI Market, By Offering
4.3 PMI Equipment Market, By Technique
4.4 PMI Equipment Market, By Form Factor
4.5 PMI Market, By Industry & By Region
4.6 PMI Market, By Industry
4.7 PMI Market, By Country
5 Market Overview
5.1 Value Chain Analysis
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Safety Regulations By Governments and Quality Control Requirements
5.2.1.2 Declining Efficiencies of Aging Assets and the Subsequent Need for Operational Safety
5.2.1.3 Innovative Technological Advancements in PMI Equipment
5.2.2 Restraint
5.2.2.1 High Cost Associated With PMI Equipment
5.2.3 Opportunities
5.2.3.1 Growing Number of Large-Scale Infrastructure Projects Globally
5.2.3.2 Growing Preference to Outsource PMI Testing and Inspection Services to Third-Party Service Providers
5.2.4 Challenges
5.2.4.1 Lack of Skilled Personnel for Handling PMI Equipment
6 PMI Market, By Offering
6.1 Introduction
6.2 Equipment
6.3 Services
7 PMI Equipment Market, By Technique
7.1 Introduction
7.2 X-Ray Fluorescence (XRF)
7.3 Optical Emission Spectrometry (OES)
8 PMI Equipment Market, By Form Factor
8.1 Introduction
8.2 Portable Analyzers
8.3 Benchtop Analyzers
9 PMI Market, By Industry
9.1 Introduction
9.2 Oil & Gas
9.3 Metals & Heavy Machinery
9.4 Aerospace & Defense
9.5 Automotive
9.6 Chemicals
9.7 Infrastructure
9.8 Pharmaceutical
9.9 Power Generation
9.10 Scrap Recycling
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe (RoE)
10.4 Asia Pacific (APAC)
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC (RoAPAC)
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.2 Middle East & Africa (MEA)
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Product Launches & Developments
11.3.2 Mergers & Acquisitions
11.3.3 Expansions
12 Company Profiles
(Business Overview, Products Offered, Recent Developments, View, SWOT Analysis)*
12.1 Equipment Provider
12.1.1 Olympus
12.1.2 Thermo Fisher
12.1.3 Bruker
12.1.4 Hitachi
12.1.5 Ametek
12.1.6 Shimadzu
12.1.7 Panalytical
12.2 Service Provider
12.2.1 SGS
12.2.2 Bureau Veritas
12.2.3 Intertek
12.2.4 TUV SUD
12.2.5 Element Materials Technology
12.2.6 TUV Rheinland
12.2.7 Applus
12.2.8 TUV Nord
*Business Overview, Products Offered, Recent Developments, View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12.3 Key Innovators
12.3.1 Tribogeincs
12.3.2 Torontech
12.3.3 Sciaps
12.3.4 QSX Instruments
12.3.5 Xenemetrix
List of Tables
Table 1 Assumptions of PMI Market Study
Table 2 Limitations of PMI Market Study
Table 3 PMI Market, By Offering, 2015-2023 (USD Million)
Table 4 PMI Market for Equipment, By Industry, 2015-2023 (USD Million)
Table 5 PMI Market for Equipment, By Region, 2015-2023 (USD Million)
Table 6 PMI Market for Equipment in North America, By Country, 2015-2023 (USD Million)
Table 7 PMI Market for Equipment in Europe, By Country, 2015-2023 (USD Million)
Table 8 PMI Market for Equipment in APAC, By Country, 2015-2023 (USD Million)
Table 9 PMI Market for Equipment in RoW, By Region, 2015-2023 (USD Million)
Table 10 PMI Market for Services, By Industry, 2015-2023 (USD Million)
Table 11 PMI Market for Services, By Region, 2015-2023 (USD Million)
Table 12 PMI Market for Services in North America, By Country, 2015-2023 (USD Million)
Table 13 PMI Market for Services in Europe, By Country, 2015-2023 (USD Million)
Table 14 PMI Market for Services in APAC, By Country, 2015-2023 (USD Million)
Table 15 PMI Market for Services in RoW, By Region, 2015-2023 (USD Million)
Table 16 Distinction Between XRF and OES
Table 17 PMI Equipment Market, By Technique, 2015-2023 (USD Million)
Table 18 PMI Equipment Market, By Technique, 2015-2023 (Thousand Units)
Table 19 Distinction Between Wdxrf and Edxrf
Table 20 PMI Equipment Market for XRF, By Form Factor, 2015-2023 (USD Million)
Table 21 PMI Equipment Market for XRF, By Industry, 2015-2023 (USD Million)
Table 22 PMI Equipment Market for XRF, By Region, 2015-2023 (USD Million)
Table 23 PMI Equipment Market for XRF in North America, By Country, 2015-2023 (USD Million)
Table 24 PMI Equipment Market for XRF in Europe, By Country, 2015-2023 (USD Million)
Table 25 PMI Equipment Market for XRF in APAC, By Country, 2015-2023 (USD Million)
Table 26 PMI Equipment Market for XRF in RoW, By Region, 2015-2023 (USD Million)
Table 27 PMI Equipment Market for OES, By Form Factor, 2015-2023 (USD Million)
Table 28 PMI Equipment Market for OES, By Industry, 2015-2023 (USD Million)
Table 29 PMI Equipment Market for OES, By Region, 2015-2023 (USD Million)
Table 30 PMI Equipment Market for OES in North America, By Country, 2015-2023 (USD Million)
Table 31 PMI Equipment Market for OES in Europe, By Country, 2015-2023 (USD Million)
Table 32 PMI Equipment Market for OES in APAC, By Country, 2015-2023 (USD Million)
Table 33 PMI Equipment Market for OES in RoW, By Region, 2015-2023 (USD Million)
Table 34 PMI Equipment Market, By Form Factor, 2015-2023 (USD Million)
Table 35 Recent Innovations in Portable/Handheld PMI Analyzers: Selected Limits of Detection (Lods) vs Time (Technology) in Iron Alloys
Table 36 PMI Equipment Market for Portable, By Technique, 2015-2023 (USD Million)
Table 37 PMI Equipment Market for Benchtop, By Technique, 2015-2023 (USD Million)
Table 38 PMI Market, By Industry, 2015-2023 (USD Million)
Table 39 PMI Equipment Market for Oil and Gas Industry, By Technique, 2015-2023 (USD Million)
Table 40 PMI Market for Oil and Gas Industry, By Region, 2015-2023 (USD Million)
Table 41 PMI Equipment Market for Metals and Heavy Machinery Industry, By Technique, 2015-2023 (USD Million)
Table 42 PMI Market for Metals and Heavy Machinery Industry, By Region, 2015-2023 (USD Million)
Table 43 PMI Equipment Market for Aerospace and Defense Industry, By Technique, 2015-2023 (USD Million)
Table 44 PMI Market for Aerospace and Defense Industry, By Region, 2015-2023 (USD Million)
Table 45 PMI Equipment Market for Automotive Industry, By Technique, 2015-2023 (USD Million)
Table 46 PMI Market for Automotive Industry, By Region, 2015-2023 (USD Million)
Table 47 PMI Equipment Market for Chemicals Industry, By Technique, 2015-2023 (USD Million)
Table 48 PMI Market for Chemicals Industry, By Region, 2015-2023 (USD Million)
Table 49 PMI Equipment Market for Infrastructure Industry, By Technique, 2015-2023 (USD Million)
Table 50 PMI Market for Infrastructure Industry, By Region, 2015-2023 (USD Million)
Table 51 PMI Equipment Market for Pharmaceutical Industry, By Technique, 2015-2023 (USD Million)
Table 52 PMI Market for Pharmaceutical Industry, By Region, 2015-2023 (USD Million)
Table 53 PMI Equipment Market for Power Generation Industry, By Technique, 2015-2023 (USD Million)
Table 54 PMI Market for Power Generation Industry, By Region, 2015-2023 (USD Million)
Table 55 PMI Equipment Market for Scrap Recycling Industry, By Technique, 2015-2023 (USD Million)
Table 56 PMI Market for Scrap Recycling Industry, By Region, 2015-2023 (USD Million)
Table 57 PMI Market, By Region, 2015-2023 (USD Million)
Table 58 PMI Market in North America, By Country, 2015-2023 (USD Million)
Table 59 PMI Market in North America, By Industry, 2015-2023 (USD Million)
Table 60 PMI Market in Europe, By Country, 2015-2023 (USD Million)
Table 61 PMI Market in Europe, By Industry, 2015-2023 (USD Million)
Table 62 PMI Market in APAC, By Country, 2015-2023 (USD Million)
Table 63 PMI Market in APAC, By Industry, 2015-2023 (USD Million)
Table 64 PMI Market in RoW, By Region, 2015-2023 (USD Million)
Table 65 PMI Market in RoW, By Industry, 2015-2023 (USD Million)
Table 66 Top 5 Players in PMI Market - Equipment Providers (2017)
Table 67 Top 5 Players in PMI Market - Service Providers (2017)
Table 68 Product Developments and Launches (2016-2017)
Table 69 Mergers and Acquisitions (2013-2017)
Table 70 Expansions (2015-2017)
List of Figures
Figure 1 PMI Market Segmentation
Figure 2 PMI Market: Process Flow of Market Size Estimation
Figure 3 PMI Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 PMI Market Scenario (2017)
Figure 6 PMI Market, By Offering, 2015-2023
Figure 7 PMI Equipment Market, By Technique, 2018-2023
Figure 8 PMI Equipment Market, By Form Factor, 2015-2023
Figure 9 PMI Market, By Industry, 2018-2023
Figure 10 PMI Market, By Region, 2018
Figure 11 Increasing Focus on Material Testing to Boost Growth of PMI Market Between 2018 and 2023
Figure 12 Equipment to Hold Larger Size of PMI Market (2015-2023)
Figure 13 XRF Technique to Hold Larger Size of PMI Equipment Market During Forecast Period
Figure 14 PMI Equipment Market for Portable Analyzers to Grow at Highest CAGR During Forecast Period
Figure 15 Oil and Gas Held Largest Share of PMI Market in 2017
Figure 16 Attractive Opportunities for PMI Players in Industries in APAC During Forecast Period
Figure 17 Oil and Gas, and Scrap Recycling to Be Top 2 Industries for PMI Market During Forecast Period
Figure 18 PMI Market in India to Grow at Highest CAGR During Forecast Period
Figure 19 Value Chain Analysis: PMI Market
Figure 20 Market Dynamics: Overview
Figure 21 PMI Market for Services to Grow at Higher CAGR Between 2018 and 2023
Figure 22 APAC to Hold Largest Size of PMI Market for Equipment During Forecast Period
Figure 23 Oil and Gas Industry to Hold Largest Share of PMI Market for Services (2017-2023)
Figure 24 Germany to Grow at Highest CAGR in the PMI Market for Services in Europe During the Forecast Period
Figure 25 XRF to Hold Larger Share of PMI Equipment Market During Forecast Period
Figure 26 Oil and Gas, and Chemicals to Hold Large Size of PMI Equipment Market for XRF Between 2018 and 2023
Figure 27 PMI Equipment Market Benchtop OES Analyzers to Grow at Higher CAGR During Forecast Period
Figure 28 China to Hold Major Share of PMI Equipment Market for OES, Whereas Market in India to Grow at Highest CAGR During Forecast Period
Figure 29 Portable Analyzers to Hold Major Share of Overall PMI Equipment Market By 2023
Figure 30 OES to Lead PMI Market for Benchtop Analyzers During Forecast Period
Figure 31 Oil and Gas Industry to Hold Largest Size of PMI Market During Forecast Period
Figure 32 PMI Market for Oil and Gas Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 33 PMI Equipment Market for Automotive Industry for XRF to Grow at Highest CAGR During Forecast Period
Figure 34 APAC and North America to Hold Large Sizes of PMI Market for Chemicals Industry During Forecast Period
Figure 35 PMI Market for Pharmaceutical Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 36 APAC to Hold Largest Share of PMI Market for Scrap Recycling Industry By 2018
Figure 37 Indian PMI Market to Exhibit Highest CAGR Followed By Market in China Between 2018 and 2023
Figure 38 Geographic Snapshot in North America, 2017
Figure 39 PMI Market in Germany Expected to Grow at Highest CAGR During Forecast Period
Figure 40 Geographic Snapshot in APAC, 2017
Figure 41 Middle East and Africa to Hold Larger Size of PMI Market in RoW During Forecast Period
Figure 42 Companies Adopted Product Launches and Developments as Key Growth Strategies Between 2014 and 2017
Figure 43 Olympus: Company Snapshot
Figure 44 Thermo Fisher: Company Snapshot
Figure 45 Bruker: Company Snapshot
Figure 46 Hitachi: Company Snapshot
Figure 47 Ametek: Company Snapshot
Figure 48 Shimadzu: Company Snapshot
Figure 49 SGS: Company Snapshot
Figure 50 Bureau Veritas: Company Snapshot
Figure 51 Intertek: Company Snapshot
Figure 52 TUV SUD: Company Snapshot
Figure 53 TUV Rheinland: Company Snapshot
Figure 54 Applus: Company Snapshot
Figure 55 TUV Nord: Company Snapshot

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Executive Summary

Companies Mentioned

  • Ametek
  • Applus
  • Bruker
  • Bureau Veritas
  • Element Materials Technology
  • Hitachi
  • Intertek
  • Olympus
  • Panalytical
  • QSX Instruments
  • SGS
  • Sciaps
  • Shimadzu
  • TUV Nord
  • TUV Rheinland
  • TUV SUD
  • Thermo Fisher
  • Torontech
  • Tribogeincs
  • Xenemetrix

Table Information

Report AttributeDetails
No. of Pages151
PublishedMarch 2018
Forecast Period2018 - 2023
Estimated Market Value ( USD ) in 2018 $ 1.99 billion
Forecasted Market Value ( USD ) by 2023 $ 2.89 billion
Compound Annual Growth Rate7.7%
Regions CoveredGlobal
No. of Companies Mentioned20

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