Asia Pacific 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).
Asia Pacific Positive Material Identification MarketPMI testing allows users to verify steel specification and eventually helps operators to identify the desired material properties required for heat resistance, corrosion resistance as well as durability. Getting the right material in place as well as knowing immediate carbon equivalency results in ensuring safe and efficient welding practices that avoids lost time, down time or even loss of revenue.
The Asia Pacific 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 Asia Pacific Positive Material Identification market. By offering the market is classified into services and equipment.
Positive Material Identification or PMI helps metal professionals to analyze metals and alloys before, during as well as after manufacturing. Different PMI tools disclose the chemical composition of any metal or alloy. All this process allow accurate and on-the-spot recognition of the material even before any sort of expensive mistakes occur. The PMI is extremely helpful at every link throughout the complete chain of custody. This further ensures that the exact specified material reaches its proposed purpose and application. This becomes a crucial step while building critical process components as well as quality control of pipes, valves, or reaction vessels. These processes help in identifying light elements along with tracing the tramp elements.
Companies in Asia Pacific region are working on tools for measuring the chemical composition across a wide variety of metals. These will help in analyzing along with identifying various alloys, titanium, iron, copper, nickel, aluminum, and magnesium..
Positive material identification is a necessary non-destructive testing method that is utilized to verify the supplied materials for conforming the proper standards and specifications. This gives assurance that the chemical composition of the metallic parts has the accurate percentage of the major elements. Companies offer PMI testing services made through experienced, trained personnel who assure high quality of service.
China, India, Japan, South Korea and Australia are some of the key countries that been the major contributors of the growth of Positive Material Identification market in Asia Pacific region. Presence of large number manufacturers in this region along with rising demand for optimizing the resources and quality in industries are some of the key factors to boost the application of the Positive Material Identifications in Asia Pacific region.
• Asia Pacific Positive Material Identification market size analysis and forecast.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing growth of the Asia Pacific Positive Material Identification market.
• Asia Pacific Positive Material Identification Market segmentation on the basis of by technique, offering, form factor, industry, and geography.
• Asia Pacific Positive Material Identification Market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study
• Asia Pacific 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 Asia Pacific 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.
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for the Asia Pacific Positive Material Identification Market
Key players of the Asia Pacific Positive Material Identification market include:
• TSI Incorporated
• TUV SUD
• Global Sources
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 center professionals
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The scope of the Asia Pacific Positive Material Identification Market:
The research report segments Asia Pacific Positive Material Identification market based on technique, offering, form factor, industry, and geography.
Asia Pacific Positive Material Identification Market, By Offering:
Asia Pacific Positive Material Identification Market, By Technique:
• Optical Emission Spectrometry (OES)
• X-Ray Fluorescence (XRF)
Asia Pacific Positive Material Identification Market, By Form Factor:
• Benchtop Analyzers
• Portable Analyzers
Asia Pacific Positive Material Identification Market, By Industry:
• Aerospace & Defense
• Oil & Gas
• Metals & Heavy Machinery
• Scrap Recycling
• Power Generation
Asia Pacific Positive Material Identification Market, By Geography:
• Asia Pacific
o South Korea
• Breakdown of China Positive Material Identification market
• Breakdown of Japan Positive Material Identification market
• Breakdown of India Positive Material Identification market
• Breakdown of South Korea Positive Material Identification market
• Breakdown of Australia Positive Material Identification market
• Breakdown of Others Positive Material Identification market
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