UHT Processing Market Opportunities 2031
The UHT processing market is expected to register a CAGR of 13% during 2023–2031. Growing consumer inclination towards dairy products with extended shelf life is likely to remain a key trend in the market.
UHT Processing Market Analysis
- UHT processing market to grow in the forthcoming years as the services and products are expected to gain momentum on account of a growing need for long shelf-life products, changing consumption patterns, and rapid technological advancements in food processing.
- As more people live in cities and have less time to cook from scratch, these consumers demand food products that are convenient, keep longer, and are not deprived of their nutrition.
- UHT processing, which eliminates bacteria by exposing food products to a very high temperature briefly and for an extended period of time to extend shelf life, lends itself to these new requirements.
- The dairy sector has been especially keen, UHT milk in particular gaining a global market share because of its ambient storage and the reduced need for refrigeration.
- Furthermore, as the food supply chain becomes more and more globalized and food security in developing regions moves up the agenda, UHT processing is set to increase.
- It preserves the quality of the product, keeps it fresh for longer, and is particularly attractive in places where a cold chain is not possible.
- Food manufacturers will still want to reduce food waste and improve distribution efficiency, and so UHT processing will remain a factor.
UHT Processing Market Overview
- The market for Ultra-High Temperature (UHT) processing is growing and changing substantially in response to shifting consumer tastes, technological innovations, and the food production industry's need to preserve products in a cost-effective manner.
- UHT processing, which involves heating food products to a very high temperature for a short time to destroy bacteria and increase the shelf life of the products, has been increasingly adopted in the manufacture of food and drink.
- First used in the dairy sector, largely for milk, UHT technology has subsequently spread to cover a considerable range of products, including juices, soups, sauces, and liquid egg products. This diversification of applications has been a major driver of growth in the market and is likely to remain a significant one in the coming years.
- Demand is fuelled by the fast pace of modern life, particularly the rapid growth of urbanization and the convenience of food that can be stored for a long time at room temperature without refrigeration. In metropolitan areas, and indeed in any other locales where time is at a premium, there is a dire need for ready-to-eat food products to be channeled into people's lives. An ambient-stable UHT-processed food with a lengthy shelf-life is needed for the job.
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UHT Processing Market: Strategic Insights
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UHT Processing Market Drivers and Opportunities
Rising Demand From Food and Beverage Industry Drives UHT Processing Market
- The increasing demand for food and beverage products is one of the major factors driving the market for UHT processing, reflecting a complex interplay of consumer tastes and preferences, lifestyle shifts, and industry trends.
- As populations grow worldwide and become more urbanized, there is a demand for foods that are easy to store and use yet are delicious, nutritious, and made to last for a lifetime.
- Its implications for the UHT processing trade are only beginning as consumers increasingly ask for more variety in their ready-to-consume products. Food manufacturers are increasingly employing UHT to process foods other than dairy, including fruit juices, soups, sauces, and liquid egg products. This is both expanding the market for UHT processing and driving innovation in products and packaging.
- Urbanization and the rising middle classes in developing economies are also spurring demand for UHT-processed products.
Increasing Adoption of Automation
- With the rise of automation in the food and beverage industry, the UHT processing market will gain several lucrative growth avenues, introducing an entirely new level of efficiency, coherence, and scalability in food production.
- As manufacturers are constantly pursuing higher efficiency, lower cost, and faster pace of processing to meet the rising consumer demand for higher quality and safety of foods, advanced automation technologies are increasingly integrated with the UHT processing system, which has thus brought about a win-win situation for the development of UHT processing technology and its further application to more food and beverage products.
- UHT processing plants are increasingly automated, configuring production processes to facilitate higher throughputs, increased homogeneity of product quality, and more effective food security controls.
- Production lines are increasingly being augmented with automatic handling systems and more sophisticated robotics, reducing the need for human intervention, which is a potential source of contamination, and enabling the machinery to carry out filling, packaging, and palletizing much faster and more accurately than any human operative could. Here again, the result is increased production speed and efficiency and reduced labor costs.
- Moreover, integrated sophisticated process control systems and sensors, or remote control and monitoring systems, enable the real-time monitoring and automatic adjustment of important parameters like temperature, pressure, and flow rates during the UHT processing. Hence, this provides the precise control technology that ensures the product being processed exactly in line with its pre-calculated quality and safety specifications. Specifically, using such precise control technology will help to utilize the minimum energy and produce the minimum amount of waste product.
UHT Processing Market Report Segmentation Analysis
Key segments that contributed to the derivation of the UHT processing market analysis are equipment type, mode of equipment operation, end-product form, and application.
- On the basis of equipment type, the market is bifurcated into heaters, homogenizers, flash cooling, aseptic packaging, and others.
- In terms of mode of equipment operation, the market is divided into Direct UHT processing and Indirect UHT processing.
- Based on end-product form, the market is divided into liquid and semi-liquid.
- In terms of application, the market is categorized into milk, dairy desserts, juices, soups, and others.
UHT Processing Market Share Analysis by Geography
- UHT Processing Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering UHT processing market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter's analysis, which involves the study of major factors that influence the UHT processing market in these regions.
UHT Processing Market Report Scope
UHT Processing Market News and Recent Development
The UHT processing market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the UHT processing market are listed below:
- To increase its regional technical footprint, IMCD, a distributor of specialty chemicals and ingredients, has launched an ultra-high temperature (UHT) pasteurization laboratory in Jakarta, Indonesia.The facility is designed to support complex ingredient formulations in the application of dairy, beverages and soups.The new UHT laboratory includes equipment that allows IMCD to work with its customers to run trials and develop formulations together. This provides greater flexibility for customers to innovate without having to interrupt their daily operations.The facility can manage a range of viscosity from beverages to sauces and soups and is equipped with an external chiller, allowing cold filling temperature down to 20 degrees Celsius. It has an enclosed homogenizing system for both upstream and downstream processing and it is equipped with multi sample preparation batch allowing for different formulations to be prepared simultaneously. (Source: IMCD, Press Release, January 2021)
UHT Processing Market Report Coverage and Deliverables
The " UHT Processing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- UHT processing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- UHT processing market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- UHT processing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the UHT processing market
- Detailed company profiles
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
This text is related
to country scope.
Frequently Asked Questions
The global UHT processing market is expected to grow at a CAGR of 13% during the forecast period 2023 - 2031.
The rising demand from the food and beverage industry is one of the major factors driving the UHT processing market.
Increasing demand for natural growth promoters is anticipated to play a significant role in the global UHT processing market in the coming years.
The leading players operating in the UHT processing market are Alfa Laval AB, Elecster Oyj, GEA Group AG, Microthermics Inc, Reda (S.p.a.), Shanghai Triowin Automation Machinery Co., Ltd., SPX FLOW, JBT, TESSA Dairy Machinery Ltd., Tetra Laval International S.A., Neologic Engineers, Milky Lab, Jimei Food Machinery, Stephan Machinery, and Della Toffola.
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 request are 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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 UHT Processing Market - By Equipment Type
1.3.2 UHT Processing Market - By Mode of Equipment Operation
1.3.3 UHT Processing Market - By End-Product Form
1.3.4 UHT Processing Market - By Application
1.3.5 UHT Processing Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UHT PROCESSING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. UHT PROCESSING 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. UHT PROCESSING MARKET - GLOBAL MARKET ANALYSIS
6.1. UHT PROCESSING - GLOBAL MARKET OVERVIEW
6.2. UHT PROCESSING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. UHT PROCESSING MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
7.1. OVERVIEW
7.2. EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEATERS
7.3.1. Overview
7.3.2. Heaters Market Forecast and Analysis
7.4. HOMOGENIZERS
7.4.1. Overview
7.4.2. Homogenizers Market Forecast and Analysis
7.5. FLASH COOLING
7.5.1. Overview
7.5.2. Flash cooling Market Forecast and Analysis
7.6. ASEPTIC PACKAGING
7.6.1. Overview
7.6.2. Aseptic packaging Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. UHT PROCESSING MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF EQUIPMENT OPERATION
8.1. OVERVIEW
8.2. MODE OF EQUIPMENT OPERATION MARKET FORECASTS AND ANALYSIS
8.3. DIRECT UHT PROCESSING
8.3.1. Overview
8.3.2. Direct UHT processing Market Forecast and Analysis
8.4. INDIRECT UHT PROCESSING
8.4.1. Overview
8.4.2. Indirect UHT processing Market Forecast and Analysis
9. UHT PROCESSING MARKET - REVENUE AND FORECASTS TO 2028 - END-PRODUCT FORM
9.1. OVERVIEW
9.2. END-PRODUCT FORM MARKET FORECASTS AND ANALYSIS
9.3. LIQUID
9.3.1. Overview
9.3.2. Liquid Market Forecast and Analysis
9.4. SEMI-LIQUID
9.4.1. Overview
9.4.2. Semi-liquid Market Forecast and Analysis
10. UHT PROCESSING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. MILK
10.3.1. Overview
10.3.2. Milk Market Forecast and Analysis
10.4. DAIRY DESSERTS
10.4.1. Overview
10.4.2. Dairy desserts Market Forecast and Analysis
10.5. JUICES
10.5.1. Overview
10.5.2. Juices Market Forecast and Analysis
10.6. SOUPS
10.6.1. Overview
10.6.2. Soups Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. UHT PROCESSING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America UHT Processing Market Overview
11.1.2 North America UHT Processing Market Forecasts and Analysis
11.1.3 North America UHT Processing Market Forecasts and Analysis - By Equipment Type
11.1.4 North America UHT Processing Market Forecasts and Analysis - By Mode of Equipment Operation
11.1.5 North America UHT Processing Market Forecasts and Analysis - By End-Product Form
11.1.6 North America UHT Processing Market Forecasts and Analysis - By Application
11.1.7 North America UHT Processing Market Forecasts and Analysis - By Countries
11.1.7.1 United States UHT Processing Market
11.1.7.1.1 United States UHT Processing Market by Equipment Type
11.1.7.1.2 United States UHT Processing Market by Mode of Equipment Operation
11.1.7.1.3 United States UHT Processing Market by End-Product Form
11.1.7.1.4 United States UHT Processing Market by Application
11.1.7.2 Canada UHT Processing Market
11.1.7.2.1 Canada UHT Processing Market by Equipment Type
11.1.7.2.2 Canada UHT Processing Market by Mode of Equipment Operation
11.1.7.2.3 Canada UHT Processing Market by End-Product Form
11.1.7.2.4 Canada UHT Processing Market by Application
11.1.7.3 Mexico UHT Processing Market
11.1.7.3.1 Mexico UHT Processing Market by Equipment Type
11.1.7.3.2 Mexico UHT Processing Market by Mode of Equipment Operation
11.1.7.3.3 Mexico UHT Processing Market by End-Product Form
11.1.7.3.4 Mexico UHT Processing Market by Application
11.2. EUROPE
11.2.1 Europe UHT Processing Market Overview
11.2.2 Europe UHT Processing Market Forecasts and Analysis
11.2.3 Europe UHT Processing Market Forecasts and Analysis - By Equipment Type
11.2.4 Europe UHT Processing Market Forecasts and Analysis - By Mode of Equipment Operation
11.2.5 Europe UHT Processing Market Forecasts and Analysis - By End-Product Form
11.2.6 Europe UHT Processing Market Forecasts and Analysis - By Application
11.2.7 Europe UHT Processing Market Forecasts and Analysis - By Countries
11.2.7.1 Germany UHT Processing Market
11.2.7.1.1 Germany UHT Processing Market by Equipment Type
11.2.7.1.2 Germany UHT Processing Market by Mode of Equipment Operation
11.2.7.1.3 Germany UHT Processing Market by End-Product Form
11.2.7.1.4 Germany UHT Processing Market by Application
11.2.7.2 France UHT Processing Market
11.2.7.2.1 France UHT Processing Market by Equipment Type
11.2.7.2.2 France UHT Processing Market by Mode of Equipment Operation
11.2.7.2.3 France UHT Processing Market by End-Product Form
11.2.7.2.4 France UHT Processing Market by Application
11.2.7.3 Italy UHT Processing Market
11.2.7.3.1 Italy UHT Processing Market by Equipment Type
11.2.7.3.2 Italy UHT Processing Market by Mode of Equipment Operation
11.2.7.3.3 Italy UHT Processing Market by End-Product Form
11.2.7.3.4 Italy UHT Processing Market by Application
11.2.7.4 United Kingdom UHT Processing Market
11.2.7.4.1 United Kingdom UHT Processing Market by Equipment Type
11.2.7.4.2 United Kingdom UHT Processing Market by Mode of Equipment Operation
11.2.7.4.3 United Kingdom UHT Processing Market by End-Product Form
11.2.7.4.4 United Kingdom UHT Processing Market by Application
11.2.7.5 Russia UHT Processing Market
11.2.7.5.1 Russia UHT Processing Market by Equipment Type
11.2.7.5.2 Russia UHT Processing Market by Mode of Equipment Operation
11.2.7.5.3 Russia UHT Processing Market by End-Product Form
11.2.7.5.4 Russia UHT Processing Market by Application
11.2.7.6 Rest of Europe UHT Processing Market
11.2.7.6.1 Rest of Europe UHT Processing Market by Equipment Type
11.2.7.6.2 Rest of Europe UHT Processing Market by Mode of Equipment Operation
11.2.7.6.3 Rest of Europe UHT Processing Market by End-Product Form
11.2.7.6.4 Rest of Europe UHT Processing Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific UHT Processing Market Overview
11.3.2 Asia-Pacific UHT Processing Market Forecasts and Analysis
11.3.3 Asia-Pacific UHT Processing Market Forecasts and Analysis - By Equipment Type
11.3.4 Asia-Pacific UHT Processing Market Forecasts and Analysis - By Mode of Equipment Operation
11.3.5 Asia-Pacific UHT Processing Market Forecasts and Analysis - By End-Product Form
11.3.6 Asia-Pacific UHT Processing Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific UHT Processing Market Forecasts and Analysis - By Countries
11.3.7.1 Australia UHT Processing Market
11.3.7.1.1 Australia UHT Processing Market by Equipment Type
11.3.7.1.2 Australia UHT Processing Market by Mode of Equipment Operation
11.3.7.1.3 Australia UHT Processing Market by End-Product Form
11.3.7.1.4 Australia UHT Processing Market by Application
11.3.7.2 China UHT Processing Market
11.3.7.2.1 China UHT Processing Market by Equipment Type
11.3.7.2.2 China UHT Processing Market by Mode of Equipment Operation
11.3.7.2.3 China UHT Processing Market by End-Product Form
11.3.7.2.4 China UHT Processing Market by Application
11.3.7.3 India UHT Processing Market
11.3.7.3.1 India UHT Processing Market by Equipment Type
11.3.7.3.2 India UHT Processing Market by Mode of Equipment Operation
11.3.7.3.3 India UHT Processing Market by End-Product Form
11.3.7.3.4 India UHT Processing Market by Application
11.3.7.4 Japan UHT Processing Market
11.3.7.4.1 Japan UHT Processing Market by Equipment Type
11.3.7.4.2 Japan UHT Processing Market by Mode of Equipment Operation
11.3.7.4.3 Japan UHT Processing Market by End-Product Form
11.3.7.4.4 Japan UHT Processing Market by Application
11.3.7.5 South Korea UHT Processing Market
11.3.7.5.1 South Korea UHT Processing Market by Equipment Type
11.3.7.5.2 South Korea UHT Processing Market by Mode of Equipment Operation
11.3.7.5.3 South Korea UHT Processing Market by End-Product Form
11.3.7.5.4 South Korea UHT Processing Market by Application
11.3.7.6 Rest of Asia-Pacific UHT Processing Market
11.3.7.6.1 Rest of Asia-Pacific UHT Processing Market by Equipment Type
11.3.7.6.2 Rest of Asia-Pacific UHT Processing Market by Mode of Equipment Operation
11.3.7.6.3 Rest of Asia-Pacific UHT Processing Market by End-Product Form
11.3.7.6.4 Rest of Asia-Pacific UHT Processing Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa UHT Processing Market Overview
11.4.2 Middle East and Africa UHT Processing Market Forecasts and Analysis
11.4.3 Middle East and Africa UHT Processing Market Forecasts and Analysis - By Equipment Type
11.4.4 Middle East and Africa UHT Processing Market Forecasts and Analysis - By Mode of Equipment Operation
11.4.5 Middle East and Africa UHT Processing Market Forecasts and Analysis - By End-Product Form
11.4.6 Middle East and Africa UHT Processing Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa UHT Processing Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa UHT Processing Market
11.4.7.1.1 South Africa UHT Processing Market by Equipment Type
11.4.7.1.2 South Africa UHT Processing Market by Mode of Equipment Operation
11.4.7.1.3 South Africa UHT Processing Market by End-Product Form
11.4.7.1.4 South Africa UHT Processing Market by Application
11.4.7.2 Saudi Arabia UHT Processing Market
11.4.7.2.1 Saudi Arabia UHT Processing Market by Equipment Type
11.4.7.2.2 Saudi Arabia UHT Processing Market by Mode of Equipment Operation
11.4.7.2.3 Saudi Arabia UHT Processing Market by End-Product Form
11.4.7.2.4 Saudi Arabia UHT Processing Market by Application
11.4.7.3 U.A.E UHT Processing Market
11.4.7.3.1 U.A.E UHT Processing Market by Equipment Type
11.4.7.3.2 U.A.E UHT Processing Market by Mode of Equipment Operation
11.4.7.3.3 U.A.E UHT Processing Market by End-Product Form
11.4.7.3.4 U.A.E UHT Processing Market by Application
11.4.7.4 Rest of Middle East and Africa UHT Processing Market
11.4.7.4.1 Rest of Middle East and Africa UHT Processing Market by Equipment Type
11.4.7.4.2 Rest of Middle East and Africa UHT Processing Market by Mode of Equipment Operation
11.4.7.4.3 Rest of Middle East and Africa UHT Processing Market by End-Product Form
11.4.7.4.4 Rest of Middle East and Africa UHT Processing Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America UHT Processing Market Overview
11.5.2 South and Central America UHT Processing Market Forecasts and Analysis
11.5.3 South and Central America UHT Processing Market Forecasts and Analysis - By Equipment Type
11.5.4 South and Central America UHT Processing Market Forecasts and Analysis - By Mode of Equipment Operation
11.5.5 South and Central America UHT Processing Market Forecasts and Analysis - By End-Product Form
11.5.6 South and Central America UHT Processing Market Forecasts and Analysis - By Application
11.5.7 South and Central America UHT Processing Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil UHT Processing Market
11.5.7.1.1 Brazil UHT Processing Market by Equipment Type
11.5.7.1.2 Brazil UHT Processing Market by Mode of Equipment Operation
11.5.7.1.3 Brazil UHT Processing Market by End-Product Form
11.5.7.1.4 Brazil UHT Processing Market by Application
11.5.7.2 Argentina UHT Processing Market
11.5.7.2.1 Argentina UHT Processing Market by Equipment Type
11.5.7.2.2 Argentina UHT Processing Market by Mode of Equipment Operation
11.5.7.2.3 Argentina UHT Processing Market by End-Product Form
11.5.7.2.4 Argentina UHT Processing Market by Application
11.5.7.3 Rest of South and Central America UHT Processing Market
11.5.7.3.1 Rest of South and Central America UHT Processing Market by Equipment Type
11.5.7.3.2 Rest of South and Central America UHT Processing Market by Mode of Equipment Operation
11.5.7.3.3 Rest of South and Central America UHT Processing Market by End-Product Form
11.5.7.3.4 Rest of South and Central America UHT Processing Market by Application
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. UHT PROCESSING MARKET, KEY COMPANY PROFILES
13.1. ALFA LAVAL AB
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. ELECSTER OYJ
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. GEA GROUP AG
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. MICROTHERMICS INC
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. REDA (S.P.A.)
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. SHANGHAI TRIOWIN AUTOMATION MACHINERY CO., LTD.
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. SPX FLOW
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. STEPHAN MACHINERY GMBH
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. TESSA DAIRY MACHINERY LTD.
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. TETRA LAVAL INTERNATIONAL S.A.
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
The List of Companies
1. Alfa Laval AB
2. Elecster Oyj
3. GEA Group AG
4. Microthermics Inc
5. Reda (S. p. a.)
6. Shanghai Triowin Automation Machinery Co., Ltd.
7. SPX FLOW
8. Stephan Machinery Gmbh
9. TESSA Dairy Machinery Ltd.
10. Tetra Laval International S. A.
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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