The Europe air purifiers market is expected to grow from US$ 3,605.16 million in 2021 to US$ 6,800.39 million by 2028. It is estimated to grow at a CAGR of 9.6% from 2021 to 2028.
Air pollution is impacting the lives of every individual globally. Air purifiers are manufactured to purify the interior by eradicating fine particles such as pet allergens and pollens. Moreover, an air purifier can remove volatile organic compounds like gases from indoor environments such as rooms, kitchens, and offices. High-efficiency particulate air (HEPA) filters are used for purifying the air. This is leading to Europe air purifiers market growth. They are highly recommended by organizations such as Environmental Protection Agency (EPA). This filter is heavily used in air purifiers as they trap small particles, including dander from pets, pollens, bacteria, mold spores, and other tiny particles. In addition to filters used in air purifiers, charcoal or activated carbon filters are also used to purify air quality by absorbing odors and gases.
According to European Environment Agency (EEA), about 307,000 people lost their lives prematurely in 2021 due to polluted air in Europe, out of which 178,000 deaths could have been avoided if the EU members followed the WHO's guidelines for air quality of 5 μg/m3. The EU has targeted to reduce this number to more than 55% by 2030 by adopting EU Zero Pollution Action Plan. In September 2021, The European Commission launched an open public consultation for the revision of rules of the EU on air quality. According to them, more than 400,000 people die in Europe every year due to air pollution. The polluted air negatively affects economy, health, crop yield, and damages properties as well, which costs around US$ 352 to 1,013 billion every year in the region. The European Union's air quality directives, including the 2008/50/EC directive on cleaner air & ambient air quality for Europe and the 2004/107/EC directive on polycyclic aromatic hydrocarbons & heavy metals in ambient air, set air quality standards that should not exceed in the given time period. These regulations are expected to augment the Europe air purifiers market size.
Europe Air Purifiers Market: Key Players
The key Europe air purifiers market players include Koninklijke Philips N.V.; Ab Alfaintek OY; Honeywell International, Inc.; Blueair; and Dyson Ltd. The positioning of these "Five Key Players" is derived by giving weightage to the following key performance parameters: overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investment in technological upgrades, R&D investments, mergers & acquisitions, and other market-related activities. Various notable market players profiled in the Europe air purifiers Market are Airfree; BONECO AG; De'Longhi S.p.A.; Daikin Industries, Ltd.; and Natéosanté, among others. In addition to all the players profiled in the report, several other global, regional, and local players operating in the Europe air purifiers market were also analyzed and studied during this study to get a holistic view of the entire market.
Europe Air purifiers Market: By Mechanization
Based on mechanization, the Europe air purifiers market analysis is segmented into HEPA, activated carbon, and ion and ozone. HEPA filters are widely popular among manufacturers of air purifiers. For the past ten years, HEPA filters have been proved to restrict the transmission of airborne particles and organisms such as viruses and bacteria in various healthcare facilities and life sciences applications. Many professional engineering organizations advocate HEPA filters in hospitals, infection control clinics, and other healthcare facilities to eliminate microorganisms and other harmful particles.
Impact of COVID-19 Pandemic on Europe Air Purifiers Market Size
In the wake of COVID-19, European companies developed new air purifiers capable of removing SARS-CoV-2 from the air. Similarly, the German government invested US$ 488 million (EUR 500 million) in enhancing ventilation systems in buildings to curb the spread of SARS-CoV-2. Moreover, the European governments also provided support to educational institutes such as schools that lacked central air conditioning systems to have mobile air purifiers. Since the COVID-19 outbreak, the awareness of respiratory diseases has increased. Thus, with the rising concern toward health, the installation of air purifiers is expected to increase during the forecast period. This will lead to Europe air purifiers market growth.
Europe Air Purifiers Market: Market Initiative
Market initiatives are strategies adopted by companies to expand their footprint worldwide and meet the growing customer demand. The Europe air purifiers market players mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.
- In March, 2022, Daikin Industries, Ltd. received two internationally renowned design honors, the Red Dot Design Award 2022 and the iF Design Award 2022, for its humidifying Streamer air purifier and its domestic air conditioner for the European market. Moreover, an iF Design Award 2022 was given to its indoor unit of a domestic multi-system air conditioner for the Chinese market.
- In 2020, Phillips launched Series 4000i, a new air purifier for domestic and commercial applications. The new air purifier is powered by smart connected technology and uses a 3-layer filter for purifying the air.
Europe Air Purifiers Market Revenue and Forecast to 2028 (US$ Million)
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The Europe air purifiers market analysis is segmented based on mechanization, technology, connectivity, end-user, and country. Based on mechanization, the Europe air purifiers market is segmented into HEPA, activated carbon, and ion and ozone. By technology, the Europe air purifiers market is segmented into ionization, adsorption, chemisorption, photocatalytic oxidation, plasma, ozone, and ultraviolet. Based on connectivity, the Europe air purifiers market is segmented into manual, Bluetooth, and Wi-Fi. By end-user, the Europe air purifiers market is segmented into commercial, residential, and industrial. By region, the Europe air purifiers market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mechanization, Technology, Connectivity, And End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
France, Germany, Italy, Russian Federation, United Kingdom
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Air Purifiers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights (Qualitative Insights)
4.5.1 Europe - Supply Chain Analysis
5. Air Purifiers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Health Consciousness Among Consumers in Europe
5.1.2 Rising Demand for Smart Connectivity and Compact Purifiers
5.2 Market Restraints
5.2.1 Technical Issues and High Maintenance Cost of Air Purifiers
5.3 Market Opportunities
5.3.1 Rapid growth in urbanization and industrialization
5.4 Future Trends
5.4.1 Advent of Portable Personalized Air Purifiers
5.5 Impact Analysis of Drivers and Restraints
6. Air Purifiers Market – Europe Analysis
6.1 Europe: Air Purifiers Market
6.1.1 Europe: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
6.2 Market Positioning- Top Five Players
7. Europe Air Purifiers Market Analysis – by Mechanization
7.1 Overview
7.2 Europe Air Purifiers Market, by Mechanization (2021 and 2028)
7.3 HEPA
7.3.1 Overview
7.3.2 HEPA: Europe Air Purifiers Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Activated Carbon
7.4.1 Overview
7.4.2 Activated Carbon: Europe Air Purifiers Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Ion and Ozone
7.5.1 Overview
7.5.2 Ion and Ozone: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Air Purifiers Market Analysis – by Technology
8.1 Overview
8.2 Europe Air Purifiers Market, by Technology (2021 and 2028)
8.3 Ionization
8.3.1 Overview
8.3.2 Ionization: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Adsorption
8.4.1 Overview
8.4.2 Adsorption: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Chemisorption
8.5.1 Overview
8.5.2 Chemisorption: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Photocatalytic Oxidation
8.6.1 Overview
8.6.2 Photocatalytic Oxidation: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Plasma
8.7.1 Overview
8.7.2 Plasma: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Ozone
8.8.1 Overview
8.8.2 Ozone: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Ultraviolet
8.9.1 Overview
8.9.2 Ultraviolet: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Air Purifiers Market Analysis – by Connectivity
9.1 Overview
9.2 Europe Air Purifiers Market, by Connectivity (2021 and 2028)
9.3 Manual
9.3.1 Overview
9.3.2 Manual: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Bluetooth
9.4.1 Overview
9.4.2 Bluetooth: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wi-Fi
9.5.1 Overview
9.5.2 Wi-Fi: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Air Purifiers Market Analysis – by End-Users
10.1 Overview
10.2 Europe Air Purifiers Market Breakdown, by End-Users, 2021 and 2028
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
10.4 Residential
10.4.1 Overview
10.4.2 Residential Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
10.5.3 Europe: Air Purifiers Market, by Residential Technology
11. Europe Air Purifiers Market – Country Analysis
11.1 France: Air Purifiers Market
11.1.1 France: Air Purifiers Market, by Mechanization
11.1.2 France: Air Purifiers Market, by Technology
11.1.3 France: Air Purifiers Market, by Connectivity
11.1.4 France: Air Purifiers Market, by End User
11.1.5 France: Air Purifiers Market, by End User
11.1.6 France: Air Purifiers Market, by Residential Technology
11.2 Germany: Air Purifiers Market
11.2.1 Germany: Air Purifiers Market, by Mechanization
11.2.2 Germany: Air Purifiers Market, by Technology
11.2.3 Germany: Air Purifiers Market, by Connectivity
11.2.4 Germany: Air Purifiers Market, by End User
11.2.5 Germany: Air Purifiers Market, by End User
11.2.6 Germany: Air Purifiers Market, by Residential Technology
11.3 Italy: Air Purifiers Market
11.3.1 Italy: Air Purifiers Market, by Mechanization
11.3.2 Italy: Air Purifiers Market, by Technology
11.3.3 Italy: Air Purifiers Market, by Connectivity
11.3.4 Italy: Air Purifiers Market, by End User
11.3.5 Italy: Air Purifiers Market, by End User
11.3.6 Italy: Air Purifiers Market, by Residential Technology
11.3.7 UK: Air Purifiers Market
11.3.8 UK: Air Purifiers Market, by Mechanization
11.3.9 UK: Air Purifiers Market, by Technology
11.3.10 UK: Air Purifiers Market, by Connectivity
11.3.11 UK: Air Purifiers Market, by End User
11.3.12 UK: Air Purifiers Market, by End User
11.3.13 UK: Air Purifiers Market, by Residential Technology
11.4 Russia: Air Purifiers Market
11.4.1 Russia: Air Purifiers Market, by Mechanization
11.4.2 Russia: Air Purifiers Market, by Technology
11.4.3 Russia: Air Purifiers Market, by Connectivity
11.4.4 Russia: Air Purifiers Market, by End User
11.4.5 Russia: Air Purifiers Market, by End User
11.4.6 Russia: Air Purifiers Market, by Residential Technology
11.5 Rest of Europe: Air Purifiers Market
11.5.1 Rest of Europe: Air Purifiers Market, by Mechanization
11.5.2 Rest of Europe: Air Purifiers Market, by Technology
11.5.3 Rest of Europe: Air Purifiers Market, by Connectivity
11.5.4 Rest of Europe: Air Purifiers Market, by End User
11.5.5 Rest of Europe: Air Purifiers Market, by End User
11.5.6 Rest of Europe: Air Purifiers Market, by Residential Technology
12. Air Purifiers Market- COVID-19 Impact Analysis
12.1 Europe
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Ab Alfaintek Oy
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Airfree
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Blueair
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 BONECO AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Dyson Limited
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 De’ Longhi Appliances S.r.l.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 DAIKIN INDUSTRIES, Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Natéosanté
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Honeywell International Inc.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Koninklijke Philips N.V.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe: Air Purifiers Market, by Residential Technology – Volume and Forecast to 2028 (Thousand Units)
Table 2. France: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Air Purifiers Market, by End User – Volume and Forecast to 2028 (Thousand Units)
Table 7. France: Air Purifiers Market, by Residential Technology – Volume and Forecast to 2028 (Thousand Units)
Table 8. Germany: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 11. Germany: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Air Purifiers Market, by End User – Volume Forecast to 2028 (Thousand Units)
Table 13. Germany: Air Purifiers Market, by Residential Technology – Volume Forecast to 2028 (Thousand Units)
Table 14. Italy: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Air Purifiers Market, by End User – Volume Forecast to 2028 (Thousand Units)
Table 19. Italy: Air Purifiers Market, by Residential Technology – Volume Forecast to 2028 (Thousand Units)
Table 20. UK: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 23. UK: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 24. UK: Air Purifiers Market, by End User – Volume Forecast to 2028 (Thousand Units)
Table 25. UK: Air Purifiers Market, by Residential Technology – Volume Forecast to 2028 (Thousand Units)
Table 26. Russia: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 27. Russia: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 28. Russia: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Air Purifiers Market, by End User – Volume Forecast to 2028 (Thousand Units)
Table 31. Russia: Air Purifiers Market, by Residential Technology – Volume Forecast to 2028 (Thousand Units)
Table 32. Rest of Europe: Air Purifiers Market, by Mechanization – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Air Purifiers Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Air Purifiers Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Air Purifiers Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Air Purifiers Market, by End User – Volume Forecast to 2028 (Thousand Units)
Table 37. Rest of Europe: Air Purifiers Market, by Residential Technology – Volume Forecast to 2028 (Thousand Units)
Table 38. Glossary of Term: Air Purifiers Market
LIST OF FIGURES
Figure 1. Air Purifiers Market Segmentation
Figure 2. Air Purifiers Market Segmentation – By Country
Figure 3. Air Purifiers Market Overview
Figure 4. HEPA Segment Dominate the Market by Mechanization
Figure 5. Adsorption Segment Dominate the Market by Technology
Figure 6. Manual Segment Dominate the Market by Connectivity
Figure 7. Commercial Segment Dominate the Market by End User
Figure 8. Europe PEST Analysis
Figure 9. Air Purifiers Market, Ecosystem
Figure 10. Air Purifiers Market Impact Analysis of Drivers and Restraints
Figure 11. Europe: Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe: Air Purifiers Market – Volume and Forecast to 2028 (Thousand Units)
Figure 13. Europe Air Purifiers Market Revenue Share, by Mechanization (2021 and 2028)
Figure 14. HEPA: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Activated Carbon: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Ion and Ozone: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Air Purifiers Market Revenue Share, by Technology (2021 and 2028)
Figure 18. Ionization: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Adsorption: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Chemisorption: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Photocatalytic Oxidation: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Plasma: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Ozone: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Ultraviolet: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Air Purifiers Market Revenue Share, by Connectivity (2021 and 2028)
Figure 26. Manual: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Bluetooth: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Wi-Fi: Europe Air Purifiers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Air Purifiers Market Breakdown, by End-Users (2021 and 2028)
Figure 30. Commercial Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 31. Residential Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 32. Industrial Market Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 33. France: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 34. Germany: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 35. Italy: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 36. UK: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 37. Russia: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 38. Rest of Europe: Air Purifiers Market – Revenue and Volume Forecast to 2028 (US$ Million, Thousand Units)
Figure 39. Impact of COVID-19 Pandemic in European Markets
- Ab Alfaintek OY
- Airfree
- Blueair
- BONECO AG
- Dyson Ltd
- De'Longhi S.p.A.
- Daikin Industries, Ltd.
- Honeywell International, Inc.
- Koninklijke Philips N.V.
- Natéosanté
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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Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Pedestrian Doors, Industrial Doors, and Windows), Component (Sensors and Detectors, Access Control Systems, Control Panels, Motors and Actuators, and Others), Industry Vertical (Commercial, Industrial, and Residential), Control System (Fully Automatic, Semi-Automatic, and Power Assist), and Geography
May 2022
Substrate-Like PCB Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Line/Space (25/25 and 30/30 µm and Less than 25/25 µm), Fabrication Process (MSAP and UV LDI), Application (Consumer Electronics, Automotive, Industrial, Medical, and Others), and Geography
May 2022
LED Flashlight Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rechargeable LED Flashlight and Non-Rechargeable LED Flashlight), Product (Everyday Carry Flashlights, Tactical Flashlights, and Safety Flashlights), Application (Residential, Commercial, and Military and Law Enforcement), and Geography
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