Positive Material Identification Equipment Market

PMI equipment is used to identify the materials used in various industrial applications. The PMI equipment market refers to the market for PMI-related devices and instruments. Handheld devices, portable equipment, and benchtop analyzers are all part of the market.

Growth Engines:
The growing need for quality control and assurance in various industries, rising demand for metals and alloys, and strict government regulations regarding material identification in sectors such as aerospace, oil, gas, and automotive are driving the growth of the PMI equipment market.

Risks: 

The PMI equipment market faces several risks, including high equipment costs, device complexity, and the need for skilled operators to operate them. Furthermore, the COVID-19 pandemic has had an impact on the market, causing supply chain disruptions and decreased demand from end-use industries.

The following are some of the most recent Positive Material Identification (PMI) equipment market trends:

Increasing Adoption of Advanced Technologies: There is a shift in the PMI equipment market towards the use of advanced technologies such as X-ray fluorescence (XRF) and laser-induced breakdown spectroscopy (LIBS). These technologies provide increased accuracy, faster analysis, and increased detection limits.

Handheld and portable PMI devices are becoming increasingly popular in the market due to their ease of use, portability, and quick material identification capabilities. New products with improved features, such as wireless connectivity, touchscreen displays, and longer battery life, are being developed by manufacturers.

Key Players:

Olympus Corporation, Bruker Corporation, Thermo Fisher Scientific Inc., Hitachi High-Tech Analytical Science, Rigaku Corporation, SGS SA, Bureau Veritas SA, and Element Materials Technology Group are some of the key players in the PMI equipment market.