Air Treatment Equipment Market Trends and Scope by 2031
The Air Treatment Equipment Market is expected to register a CAGR of 7.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Activated Carbon, Electrostatic Precipitators, UV Filters, HEPA Filters, Others); Equipment (Dust Collector, Engine exhaust system, Fume/Smoke Collectors, Mist Eliminators, Fire/Emergency, Exhaust Systems, Others); Application (Exhaust Air, Compressed Air); End-User (Manufacturing, Automotive, Oil and Gas, Energy and Utility, Commercial, Residential). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Air Treatment Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Air Treatment Equipment Market Segmentation
Technology- Activated Carbon
- Electrostatic Precipitators
- UV Filters
- HEPA Filters
- Others
- Dust Collector
- Engine exhaust system
- Fume/Smoke Collectors
- Mist Eliminators
- Fire/Emergency
- Exhaust Systems
- Others
- Exhaust Air
- Compressed Air
- Manufacturing
- Automotive
- Oil and Gas
- Energy and Utility
- Commercial
- Residential
- Manufacturing
- Automotive
- Oil and Gas
- Energy and Utility
- Commercial
- Residential
Strategic Insights
Air Treatment Equipment Market Growth Drivers- Increasing Air Quality Concerns: Rising concerns about air pollution and its impact on health are driving the demand for air treatment equipment. Urbanization, industrial emissions, and environmental factors have led to worsening air quality, prompting consumers and businesses to invest in solutions that ensure cleaner indoor air. This demand is particularly strong in densely populated areas and regions with high pollution levels, boosting the air treatment equipment market.
- Stringent Environmental Regulations: Governments worldwide are implementing stricter air quality regulations, particularly for commercial and industrial sectors. These regulations require businesses to adopt air treatment solutions to comply with emission standards and ensure healthy environments for workers. This regulatory pressure is accelerating the adoption of air treatment equipment, including air purifiers, HVAC systems, and filtration units.
- Integration of Smart Technology: A growing trend in the air treatment equipment market is the integration of smart technology. Consumers and businesses are increasingly opting for air purifiers and HVAC systems that can be controlled remotely via smartphones or integrated with home automation systems. IoT-enabled devices offer real-time air quality monitoring and automated adjustments, enhancing the convenience and effectiveness of air treatment solutions.
- Energy Efficiency and Sustainability Focus: With growing environmental concerns and rising energy costs, there is a strong trend toward energy-efficient air treatment equipment. Manufacturers are developing systems that minimize energy consumption while maintaining optimal performance, using eco-friendly materials and low-energy technologies. This trend aligns with the global push for sustainability and energy conservation, attracting environmentally-conscious consumers.
- Growth in Residential Market: The increasing awareness of indoor air quality among homeowners presents a significant opportunity in the residential sector. As more individuals invest in air purifiers and advanced HVAC systems for health and comfort, the demand for air treatment equipment in homes continues to grow. The trend of health-conscious living, particularly post-pandemic, is expected to drive this market further.
- Increasing Demand in Commercial and Industrial Sectors: The demand for air treatment equipment is also growing in commercial and industrial sectors, driven by the need to maintain clean air in offices, factories, hospitals, and schools. With heightened awareness of indoor air quality, especially post-pandemic, businesses are investing in advanced air purification and filtration systems to ensure employee health and compliance with workplace safety standards. This trend presents an opportunity for manufacturers to offer tailored air treatment solutions for various commercial and industrial applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Air Treatment Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Air Treatment Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Air Treatment Equipment Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
Increasing air pollution levels globally and stringent air quality regulations are the major factors driving the air treatment equipment market
Adoption of HEPA and activated carbon filtration is anticipated to play a significant role in the global air treatment equipment market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Air Treatment Equipment Market - By Technology
1.3.2Air Treatment Equipment Market - By Equipment
1.3.3Air Treatment Equipment Market - By Application
1.3.4Air Treatment Equipment Market - By End-User
1.3.5Air Treatment Equipment Market - By Region
1.3.5.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.AIR TREATMENT EQUIPMENT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AIR TREATMENT EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.AIR TREATMENT EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.AIR TREATMENT EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2.AIR TREATMENT EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AIR TREATMENT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.ACTIVATED CARBON
7.3.1.Overview
7.3.2.Activated Carbon Market Forecast and Analysis
7.4.ELECTROSTATIC PRECIPITATORS
7.4.1.Overview
7.4.2.Electrostatic Precipitators Market Forecast and Analysis
7.5.UV FILTERS
7.5.1.Overview
7.5.2.UV Filters Market Forecast and Analysis
7.6.HEPA FILTERS
7.6.1.Overview
7.6.2.HEPA Filters Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.AIR TREATMENT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT
8.1.OVERVIEW
8.2.EQUIPMENT MARKET FORECASTS AND ANALYSIS
8.3.DUST COLLECTOR
8.3.1.Overview
8.3.2.Dust Collector Market Forecast and Analysis
8.4.ENGINE EXHAUST SYSTEM
8.4.1.Overview
8.4.2.Engine exhaust system Market Forecast and Analysis
8.5.FUME/SMOKE COLLECTORS
8.5.1.Overview
8.5.2.Fume/Smoke Collectors Market Forecast and Analysis
8.6.MIST ELIMINATORS
8.6.1.Overview
8.6.2.Mist Eliminators Market Forecast and Analysis
8.7.FIRE/EMERGENCY
8.7.1.Overview
8.7.2.Fire/Emergency Market Forecast and Analysis
8.8.EXHAUST SYSTEMS
8.8.1.Overview
8.8.2.Exhaust Systems Market Forecast and Analysis
8.9.OTHERS
8.9.1.Overview
8.9.2.Others Market Forecast and Analysis
9.AIR TREATMENT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.EXHAUST AIR
9.3.1.Overview
9.3.2.Exhaust Air Market Forecast and Analysis
9.4.COMPRESSED AIR
9.4.1.Overview
9.4.2.Compressed Air Market Forecast and Analysis
10.AIR TREATMENT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1.OVERVIEW
10.2.END-USER MARKET FORECASTS AND ANALYSIS
10.3.MANUFACTURING
10.3.1.Overview
10.3.2.Manufacturing Market Forecast and Analysis
10.4.AUTOMOTIVE
10.4.1.Overview
10.4.2.Automotive Market Forecast and Analysis
10.5.OIL AND GAS
10.5.1.Overview
10.5.2.Oil and Gas Market Forecast and Analysis
10.6.ENERGY AND UTILITY
10.6.1.Overview
10.6.2.Energy and Utility Market Forecast and Analysis
10.7.COMMERCIAL
10.7.1.Overview
10.7.2.Commercial Market Forecast and Analysis
10.8.RESIDENTIAL
10.8.1.Overview
10.8.2.Residential Market Forecast and Analysis
11.AIR TREATMENT EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Air Treatment Equipment Market Overview
11.1.2North America Air Treatment Equipment Market Forecasts and Analysis
11.1.3North America Air Treatment Equipment Market Forecasts and Analysis - By Technology
11.1.4North America Air Treatment Equipment Market Forecasts and Analysis - By Equipment
11.1.5North America Air Treatment Equipment Market Forecasts and Analysis - By Application
11.1.6North America Air Treatment Equipment Market Forecasts and Analysis - By End-User
11.1.7North America Air Treatment Equipment Market Forecasts and Analysis - By Countries
11.1.7.1United States Air Treatment Equipment Market
11.1.7.1.1United States Air Treatment Equipment Market by Technology
11.1.7.1.2United States Air Treatment Equipment Market by Equipment
11.1.7.1.3United States Air Treatment Equipment Market by Application
11.1.7.1.4United States Air Treatment Equipment Market by End-User
11.1.7.2Canada Air Treatment Equipment Market
11.1.7.2.1Canada Air Treatment Equipment Market by Technology
11.1.7.2.2Canada Air Treatment Equipment Market by Equipment
11.1.7.2.3Canada Air Treatment Equipment Market by Application
11.1.7.2.4Canada Air Treatment Equipment Market by End-User
11.1.7.3Mexico Air Treatment Equipment Market
11.1.7.3.1Mexico Air Treatment Equipment Market by Technology
11.1.7.3.2Mexico Air Treatment Equipment Market by Equipment
11.1.7.3.3Mexico Air Treatment Equipment Market by Application
11.1.7.3.4Mexico Air Treatment Equipment Market by End-User
11.2.EUROPE
11.2.1Europe Air Treatment Equipment Market Overview
11.2.2Europe Air Treatment Equipment Market Forecasts and Analysis
11.2.3Europe Air Treatment Equipment Market Forecasts and Analysis - By Technology
11.2.4Europe Air Treatment Equipment Market Forecasts and Analysis - By Equipment
11.2.5Europe Air Treatment Equipment Market Forecasts and Analysis - By Application
11.2.6Europe Air Treatment Equipment Market Forecasts and Analysis - By End-User
11.2.7Europe Air Treatment Equipment Market Forecasts and Analysis - By Countries
11.2.7.1Germany Air Treatment Equipment Market
11.2.7.1.1Germany Air Treatment Equipment Market by Technology
11.2.7.1.2Germany Air Treatment Equipment Market by Equipment
11.2.7.1.3Germany Air Treatment Equipment Market by Application
11.2.7.1.4Germany Air Treatment Equipment Market by End-User
11.2.7.2France Air Treatment Equipment Market
11.2.7.2.1France Air Treatment Equipment Market by Technology
11.2.7.2.2France Air Treatment Equipment Market by Equipment
11.2.7.2.3France Air Treatment Equipment Market by Application
11.2.7.2.4France Air Treatment Equipment Market by End-User
11.2.7.3Italy Air Treatment Equipment Market
11.2.7.3.1Italy Air Treatment Equipment Market by Technology
11.2.7.3.2Italy Air Treatment Equipment Market by Equipment
11.2.7.3.3Italy Air Treatment Equipment Market by Application
11.2.7.3.4Italy Air Treatment Equipment Market by End-User
11.2.7.4United Kingdom Air Treatment Equipment Market
11.2.7.4.1United Kingdom Air Treatment Equipment Market by Technology
11.2.7.4.2United Kingdom Air Treatment Equipment Market by Equipment
11.2.7.4.3United Kingdom Air Treatment Equipment Market by Application
11.2.7.4.4United Kingdom Air Treatment Equipment Market by End-User
11.2.7.5Russia Air Treatment Equipment Market
11.2.7.5.1Russia Air Treatment Equipment Market by Technology
11.2.7.5.2Russia Air Treatment Equipment Market by Equipment
11.2.7.5.3Russia Air Treatment Equipment Market by Application
11.2.7.5.4Russia Air Treatment Equipment Market by End-User
11.2.7.6Rest of Europe Air Treatment Equipment Market
11.2.7.6.1Rest of Europe Air Treatment Equipment Market by Technology
11.2.7.6.2Rest of Europe Air Treatment Equipment Market by Equipment
11.2.7.6.3Rest of Europe Air Treatment Equipment Market by Application
11.2.7.6.4Rest of Europe Air Treatment Equipment Market by End-User
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Air Treatment Equipment Market Overview
11.3.2Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis
11.3.3Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis - By Technology
11.3.4Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis - By Equipment
11.3.5Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis - By Application
11.3.6Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis - By End-User
11.3.7Asia-Pacific Air Treatment Equipment Market Forecasts and Analysis - By Countries
11.3.7.1Australia Air Treatment Equipment Market
11.3.7.1.1Australia Air Treatment Equipment Market by Technology
11.3.7.1.2Australia Air Treatment Equipment Market by Equipment
11.3.7.1.3Australia Air Treatment Equipment Market by Application
11.3.7.1.4Australia Air Treatment Equipment Market by End-User
11.3.7.2China Air Treatment Equipment Market
11.3.7.2.1China Air Treatment Equipment Market by Technology
11.3.7.2.2China Air Treatment Equipment Market by Equipment
11.3.7.2.3China Air Treatment Equipment Market by Application
11.3.7.2.4China Air Treatment Equipment Market by End-User
11.3.7.3India Air Treatment Equipment Market
11.3.7.3.1India Air Treatment Equipment Market by Technology
11.3.7.3.2India Air Treatment Equipment Market by Equipment
11.3.7.3.3India Air Treatment Equipment Market by Application
11.3.7.3.4India Air Treatment Equipment Market by End-User
11.3.7.4Japan Air Treatment Equipment Market
11.3.7.4.1Japan Air Treatment Equipment Market by Technology
11.3.7.4.2Japan Air Treatment Equipment Market by Equipment
11.3.7.4.3Japan Air Treatment Equipment Market by Application
11.3.7.4.4Japan Air Treatment Equipment Market by End-User
11.3.7.5South Korea Air Treatment Equipment Market
11.3.7.5.1South Korea Air Treatment Equipment Market by Technology
11.3.7.5.2South Korea Air Treatment Equipment Market by Equipment
11.3.7.5.3South Korea Air Treatment Equipment Market by Application
11.3.7.5.4South Korea Air Treatment Equipment Market by End-User
11.3.7.6Rest of Asia-Pacific Air Treatment Equipment Market
11.3.7.6.1Rest of Asia-Pacific Air Treatment Equipment Market by Technology
11.3.7.6.2Rest of Asia-Pacific Air Treatment Equipment Market by Equipment
11.3.7.6.3Rest of Asia-Pacific Air Treatment Equipment Market by Application
11.3.7.6.4Rest of Asia-Pacific Air Treatment Equipment Market by End-User
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Air Treatment Equipment Market Overview
11.4.2Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis
11.4.3Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis - By Technology
11.4.4Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis - By Equipment
11.4.5Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis - By Application
11.4.6Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis - By End-User
11.4.7Middle East and Africa Air Treatment Equipment Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Air Treatment Equipment Market
11.4.7.1.1South Africa Air Treatment Equipment Market by Technology
11.4.7.1.2South Africa Air Treatment Equipment Market by Equipment
11.4.7.1.3South Africa Air Treatment Equipment Market by Application
11.4.7.1.4South Africa Air Treatment Equipment Market by End-User
11.4.7.2Saudi Arabia Air Treatment Equipment Market
11.4.7.2.1Saudi Arabia Air Treatment Equipment Market by Technology
11.4.7.2.2Saudi Arabia Air Treatment Equipment Market by Equipment
11.4.7.2.3Saudi Arabia Air Treatment Equipment Market by Application
11.4.7.2.4Saudi Arabia Air Treatment Equipment Market by End-User
11.4.7.3U.A.E Air Treatment Equipment Market
11.4.7.3.1U.A.E Air Treatment Equipment Market by Technology
11.4.7.3.2U.A.E Air Treatment Equipment Market by Equipment
11.4.7.3.3U.A.E Air Treatment Equipment Market by Application
11.4.7.3.4U.A.E Air Treatment Equipment Market by End-User
11.4.7.4Rest of Middle East and Africa Air Treatment Equipment Market
11.4.7.4.1Rest of Middle East and Africa Air Treatment Equipment Market by Technology
11.4.7.4.2Rest of Middle East and Africa Air Treatment Equipment Market by Equipment
11.4.7.4.3Rest of Middle East and Africa Air Treatment Equipment Market by Application
11.4.7.4.4Rest of Middle East and Africa Air Treatment Equipment Market by End-User
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Air Treatment Equipment Market Overview
11.5.2South and Central America Air Treatment Equipment Market Forecasts and Analysis
11.5.3South and Central America Air Treatment Equipment Market Forecasts and Analysis - By Technology
11.5.4South and Central America Air Treatment Equipment Market Forecasts and Analysis - By Equipment
11.5.5South and Central America Air Treatment Equipment Market Forecasts and Analysis - By Application
11.5.6South and Central America Air Treatment Equipment Market Forecasts and Analysis - By End-User
11.5.7South and Central America Air Treatment Equipment Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Air Treatment Equipment Market
11.5.7.1.1Brazil Air Treatment Equipment Market by Technology
11.5.7.1.2Brazil Air Treatment Equipment Market by Equipment
11.5.7.1.3Brazil Air Treatment Equipment Market by Application
11.5.7.1.4Brazil Air Treatment Equipment Market by End-User
11.5.7.2Argentina Air Treatment Equipment Market
11.5.7.2.1Argentina Air Treatment Equipment Market by Technology
11.5.7.2.2Argentina Air Treatment Equipment Market by Equipment
11.5.7.2.3Argentina Air Treatment Equipment Market by Application
11.5.7.2.4Argentina Air Treatment Equipment Market by End-User
11.5.7.3Rest of South and Central America Air Treatment Equipment Market
11.5.7.3.1Rest of South and Central America Air Treatment Equipment Market by Technology
11.5.7.3.2Rest of South and Central America Air Treatment Equipment Market by Equipment
11.5.7.3.3Rest of South and Central America Air Treatment Equipment Market by Application
11.5.7.3.4Rest of South and Central America Air Treatment Equipment Market by End-User
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.AIR TREATMENT EQUIPMENT MARKET, KEY COMPANY PROFILES
13.1.3M
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.AHLSTROM-MUNKSJö
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.ATLAS COPCO
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.CAMFIL
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.CUMMINS INC.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.DONALDSON COMPANY INC.
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.FREUDENBERG FILTRATION TECHNOLOGIES SE CO. KG
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.HONEYWELL
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.MANN+HUMMEL
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.PARKER HANNIFIN CORP
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. 3M
2. Ahlstrom-Munksjo
3. Atlas Copco
4. Camfil
5. Cummins Inc.
6. Donaldson Company Inc.
7. Freudenberg Filtration Technologies SE Co. KG
8. Honeywell
9. Mann+Hummel
10. Parker Hannifin Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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