Europe Positive Material Identification Market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
PMI or Positive Material Identification testing is the examination of materials for determining the chemical composition of any metal or alloy using stages of alloy manufacturing or at times the in-process alloy installation. Understanding the exact composition or the grade of an alloy helps suppliers, plant workers, along with other responsible parties in the complete chain of protection of components to match the desired alloy specifications.
These are chosen as per their specific properties including factors like heat resistance, corrosion resistance, and durability among others. Taking the right alloy is essential in places such as petroleum refineries and chemical plants, as the right alloy having the right properties is the one that provides a safe, efficient operation and takes care of the lost time or the revenue.
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The Europe market for Positive Material Identification is segmented into technique, form factor, offering, and industry. Based on technique, the market is bifurcated into optical emission spectrometry (OES), and x-ray fluorescence (XRF). Considering the form factor segment, the market is divided into benchtop analyzers, and portable analyzers. Aerospace & defense, oil & gas, metals & heavy machinery, infrastructure, automotive, scrap recycling, chemicals, power generation, and pharmaceutical are the various industry verticals that are catered by the Europe Positive Material Identification market. By offering the market is classified into services and equipment.
Positive Material Identification, or PMI, has formed an integral part related to process safety management across different industries which includes the petroleum refining as well as the petrochemical. Materials testing provide verification of various metal alloy grade which necessitates the composition as a crucial component for the success of many businesses.
PMI testing by the manufacturers in Europe allows clients to authenticate steel specification and helps operators to identify the desired material properties required for heat resistance, corrosion resistance as well as durability. The right material in place along with knowing immediate carbon equivalency helps in ensuring safe as well as efficient welding practices further avoiding the lost time, down time or the total loss of revenue. The trained technicians’ helps in mobilizing across multiple location for further identification of the metal quality along with the quantity of the total material composition confirmed with uncompromising precision that are almost equivalent to laboratory results.
Europe has been one of the key region when it comes to technological development and usage of advanced equipment across different industries. Optimizing the industrial function and assessing the right amo9unt of goods to be used helps in saving costs. These are some of the major factors to drive the positive material identification application immensely in Europe.
• Europe Positive Material Identification market size analysis and forecast
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing growth of the Europe Positive Material Identification market
• Positive Material Identification market segmentation on the basis of technique, offering, form factor, industry, and geography
• Europe Positive Material Identification Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study
• Europe Positive Material Identification Market analysis and forecast for major countries has been provided.
• Profiling of key industry players, their strategic perspective, and analysis of core competencies
• Competitive landscape of the key players operating in the Europe Positive Material Identification Market including competitive developments, investments, and strategic expansion
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2024
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.
Bloomberg, Hoovers, and Factiva are some of the paid databases referred in order to gain insights about the Positive Material Identification market. Opinions from experts along with other stakeholders from major market players have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the regional and country-wise size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Europe Positive Material Identification Market globally.
Some of the key players of the Europe Positive Material Identification market include:
• Sandberg LLP
• PTS Group
• TSI Incorporated
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Key Target Audience:
• PMI testing equipment rental providers
• Raw material and component providers
• Original equipment manufacturers (OEMs)
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data centre professionals
The scope of the Europe Positive Material Identification Market:
The research report segments Europe Positive Material Identification market based on technique, form factor, offering, industry, and geography.
Europe Positive Material Identification Market, By Offering:
Europe Positive Material Identification Market, By Technique:
• Optical Emission Spectrometry (OES)
• X-Ray Fluorescence (XRF)
Europe Positive Material Identification Market, By Form Factor:
• Benchtop Analyzers
• Portable Analyzers
Europe Positive Material Identification Market, By Industry:
• Aerospace & Defense
• Oil & Gas
• Metals & Heavy Machinery
• Scrap Recycling
• Power Generation
Europe Positive Material Identification Market, By Geography
• Breakdown of UK Positive Material Identification market
• Breakdown of Germany Positive Material Identification market
• Breakdown of Italy Positive Material Identification market
• Breakdown of France Positive Material Identification market
• Breakdown of Russia Positive Material Identification market
• Breakdown of Spain Positive Material Identification market
• Breakdown of Others Positive Material Identification market
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MAJOR TOC OF THE REPORT
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
2.1. Market Definition
2.2. Market Scope
2.3. Data Sources
3. MARKET VARIABLES & SCOPE
3.1. Market Segmentation & Scope
3.2. Market Driver Analysis
3.3. Market Restraint Analysis
3.4. Penetration &Growth Prospect Mapping
4. EUROPE POSITIVE MATERIAL IDENTIFICATION ECHNIQUE ESTIMATES & TREND ANALYSIS (2016 – 2024)
4.1. Positive Material Identification Market: Technique Analysis
4.2. Optical Emission Spectrometry (OES)
4.2.1. Optical Emission Spectrometry (OES) market, 2016 – 2024 (USD Billion)
4.3. X-Ray Fluorescence (XRF)
4.3.1. X-Ray Fluorescence (XRF) market, 2016 – 2024 (USD Billion)
5. EUROPE POSITIVE MATERIAL IDENTIFICATION FORM FACTOR ESTIMATES & TREND ANALYSIS (2016 – 2024)
5.1. Positive Material Identification Market: Form Factor Analysis
5.2. Benchtop Analyzers
5.2.1. Benchtop Analyzers market, 2016 – 2024 (USD Billion)
5.3. Portable Analyzers
5.3.1. Portable Analyzers market, 2016 – 2024 (USD Billion)
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