Solvent Evaporation Market to Grow at a CAGR of 6.7% to reach US$ 821.41 million from 2020 to 2028
The solvent evaporation market was valued at US$ 470.77 million in 2020 and it is projected to reach US$ 821.41 million by 2028; it is expected to grow at a CAGR of 6.7% during 2021–2028.
Solvent evaporation involves emulsification of polymer in aqueous phase and dispersion in a volatile solvent like dichloromethane, chloroform, and ethyl acetate. Then the solvent is evaporated using high temperature, vacuum, or by continuous stirring. Size of the particles can be controlled by adjusting parameters like manipulating evaporation temperature, controlling the rate of evaporation, manipulating stirring rate, etc. This method is being practiced for the nanoparticles developed using respective polymers such as, PLA, PLGA, PCL, polyhydroxybutyrate, etc. loaded with various drugs like tetanus toxoid, testosterone, loperamide, cyclosporin A, and indomethacin. Solvent evaporators are widely used in processes such as microencapsulation and are required to prepare polymeric nanoparticles for various pharmaceutical formulations. Technological advancements in solvent evaporation systems, such as centrifugal concentration, freeze-drying, and high-power cold traps, have led to enhanced evaporation and improved solvent recovery, with lesser environmental impact.
The factors such as increasing expenditure on R&D, growing development of large-molecule biopharmaceuticals, surging demand for pure samples in end-use markets drive the growth of the solvent evaporation market. However, inaccuracies in results and wastage of resources due to uneasiness associated with solvent evaporation hinder the Solvent evaporation market growth.
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Solvent Evaporation Market: Strategic Insights
Market Size Value in US$ 470.77 Million in 2020 Market Size Value by US$ 821.41 Million by 2028 Growth rate CAGR of 6.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Solvent Evaporation Market: Strategic Insights
| Market Size Value in | US$ 470.77 Million in 2020 |
| Market Size Value by | US$ 821.41 Million by 2028 |
| Growth rate | CAGR of 6.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Increasing R&D Expenditure in Pharmaceuticals Industry
Solvent evaporation active substances are an essential step in the drug discovery process, as it is used in stages such as synthesis, sample preparation, and solvent recycling, as well as in the production scale-up of novel therapeutics. Many pharmaceutical companies invest huge amounts in research and development (R&D) process that mainly revolves around discovering and developing innovative molecules. According to a report published in Statista, the global spending on pharmaceutical R&D totaled US$ ~181 billion in 2018, and it expected to reach US$ 223 billion by 2026. As per the India Brand Equity Foundation, Indian pharmaceutical companies invested ~7.0% of their revenues in the R&D process in 2015 and R&D investment grew by 8.6% in 2019. Thus, increasing R&D expenditure is fueling the growth of the solvent evaporation market.
Type-Based Insights
Based on type, the solvent evaporation market is segmented into rotary evaporators, nitrogen blowdown evaporators, centrifugal evaporators, and spiral air flow evaporators. The rotary evaporators segment held the largest share of the market in 2020. However, the nitrogen blowdown evaporators segment is estimated to register the highest CAGR of 7.4% in the market during the forecast period. The rotary evaporator plays a major role in efficient extraction of solvent through evaporation which is an important step in developing pure samples in several industries. The factors such as increasing R&D expenditures and several benefits associated with this technique are propelling the growth of the solvent evaporation market.
End User-Based Insights
Based on end user, the solvent evaporation market is segmented into pharmaceutical and biopharmaceutical industry, diagnostic laboratories, and research and academic institutes. The pharmaceutical and biopharmaceutical industry segment held the largest share of the market in 2020. However, the research & academic institutes segment is estimated to register the highest CAGR of 7.7% in the market during the forecast period. due to factors such as increasing drug development studies and rising demand for continuous innovation and enhancement of existing products.
Various companies operating in the solvent evaporation market use strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain the brand name, and meet the growing demand from end users.
Solvent Evaporation Market Report Scope
Solvent Evaporation Market – by Type
- Rotary Evaporators
- Nitrogen Blowdown Evaporators
- Centrifugal Evaporators
- Spiral Air Flow Evaporators
Solvent Evaporation Market – by End User
- Pharmaceutical and Biopharmaceutical Industry
- Diagnostic Laboratories
- Research and Academic Institutes
Solvent Evaporation Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
South America (SAM)
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- BUCHI LABORTECHNIK AG
- BIOTAGE AB
- LABCONCO CORPORATION
- HEIDOLPH INSTRUMENTS GMBH & CO. KG
- YAMATO SCIENTIFIC CO., LTD.
- PORVAIR PLC
- IKA WERKE GMBH AND CO. KG
- STEROGLASS SRL
- ORGANOMATION ASSOCIATES, INC.
- KNF NEUBERGER, INC.
- RAYKOL
- APRICOT DESIGNS, INC.
- LABTECH S.R.L.
- CRESCENT SCIENTIFIC
- SCINCO CO., LTD
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing R&D expenditure, a growing development of large-molecule biopharmaceuticals, increasing demand for pure samples in end use markets fuels the market growth and various technological advancements. As the solvent evaporation technique is widely used in sample preparation across pharmaceutical industries thus with the increasing use of this technology coupled with growing development in the novel drug is propelling the market.
Inaccuracies in results and wastage of resources due to uneasiness associated with solvent evaporation hinders the growth of the solvent evaporation market.
Solvent evaporation involves emulsification of polymer in aqueous phase and dispersion in a volatile solvent like dichloromethane, chloroform, and ethyl acetate. Then the solvent is evaporated using high temperature, vacuum, or by continuous stirring. Size of the particles can be controlled by adjusting parameters like manipulating evaporation temperature, controlling the rate of evaporation, manipulating stirring rate, etc. This method is being practiced for the nanoparticles developed using respective polymers such as, PLA, PLGA, PCL, polyhydroxybutyrate, etc. loaded with various drugs like tetanus toxoid, testosterone, loperamide, cyclosporin A, and indomethacin. Solvent evaporators are widely used in processes such as microencapsulation and are required to prepare polymeric nanoparticles for various pharmaceutical formulations. Technological advancements in solvent evaporation systems, such as centrifugal concentration, freeze-drying, and high-power cold traps, have led to enhanced evaporation and improved solvent recovery, with lesser environmental impact.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Solvent Evaporation Market – By Type
1.3.2 Global Solvent Evaporation Market – By End User
1.3.3 Global Solvent Evaporation Market – By Geography
2. Solvent Evaporation Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Solvent Evaporation Market – 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 & Africa
4.2.5 South & Central America
4.3 Expert Opinion
5. Solvent Evaporation Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing R&D Expenditure in Pharmaceuticals Industry
5.1.2 Rising Number of Product Launches
5.2 Key Restraints
5.2.1 Inaccuracies in Results and Wastage of Resources due to Uneasiness Associated with Solvent Evaporation
5.3 Key Opportunities
5.3.1 Rapidly Growing Biotech and Pharmaceuticals Industries in Developing Regions
5.4 Future Trend
5.4.1 Use of Advanced Solvent Evaporators
5.5 Impact Analysis
6. Solvent Evaporation Market – Global Analysis
6.1 Global Solvent Evaporation Market Revenue Forecast And Analysis
6.2 Global Solvent Evaporation Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Solvent Evaporation Market– By Type
7.1 Overview
7.2 Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)
7.3 Rotary Evaporators
7.3.1 Overview
7.3.2 Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
7.3.3 Small-Volume Rotary Evaporators
7.3.3.1 Overview
7.3.3.2 Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
7.3.4 Large-Volume Rotary Evaporators
7.3.4.1 Overview
7.3.4.2 Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
7.4 Nitrogen Blowdown Evaporators
7.4.1 Overview
7.4.2 Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
7.5 Centrifugal Evaporators
7.5.1 Overview
7.5.2 Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
7.6 Spiral Air Flow Evaporators
7.6.1 Overview
7.6.2 Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
8. Solvent Evaporation Market– By End User
8.1 Overview
8.2 Solvent Evaporation Market Share, by End User, (%)
8.3 Pharmaceutical And Biopharmaceutical Industry
8.3.1 Overview
8.3.2 Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
8.4 Diagnostic Laboratories
8.4.1 Overview
8.4.2 Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
8.5 Research And Academic Institutes
8.5.1 Overview
8.5.2 Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
9. Solvent Evaporation Market – Geographic Analysis
9.1 North America: Solvent Evaporation Market
9.1.1 Overview
9.1.2 North America: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.1.3.1 North America: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.1.4 North America: Solvent Evaporation Market, by End User, 2019–2028 (USD Million)
9.1.5 North America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
9.1.6 US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 US: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.1.6.2.1 US: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.1.6.3 US: Solvent Evaporation Market, by End User, 2019–2028 (USD Million)
9.1.7 Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Canada: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.1.7.2.1 Canada: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.1.7.3 Canada: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.1.8 Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Mexico: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.1.8.2.1 Mexico: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.1.8.3 Mexico: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2 Europe: Solvent Evaporation Market
9.2.1 Overview
9.2.2 Europe: Solvent Evaporation Market - Revenue and Forecast to 2028 (USD Million)
9.2.3 Europe: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.3.1 Europe: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.4 Europe: Solvent Evaporation Market, by End User, 2019–2028 (USD Million)
9.2.5 Germany: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.1 Germany: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.2 Germany: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.5.2.1 Germany: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.5.3 Germany: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2.6 UK: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.6.1 UK Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.6.2 UK: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.6.2.1 UK: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.6.3 UK: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2.7 France: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.1 France: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.2 France: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.7.2.1 France: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.7.3 France: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2.8 Spain: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.1 Spain: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.2 Spain: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.8.2.1 Spain: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.8.3 Spain: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2.9 Italy: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.1 Italy: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.2 Italy: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.9.2.1 Italy: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.9.3 Italy: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.2.10 Rest of Europe: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.1 Rest of Europe: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.2 Rest of Europe: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)
9.2.10.2.1 Rest of Europe: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)
9.2.10.3 Rest of Europe: Solvent Evaporation Market, by End User, 2019–2028 (USD million)
9.3 Asia Pacific
9.3.1 Overview
9.3.2 Asia Pacific: Solvent Evaporation Market - Revenue and Forecast to 2028 (USD Million)
9.3.3 Asia Pacific: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.3.1 Asia Pacific: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.4 Asia Pacific: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.3.5 Asia Pacific: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
9.3.6 China
9.3.6.1 China: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.6.2 China: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.6.2.1 China: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.6.3 China: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.3.7 Japan
9.3.7.1 Japan: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.7.2 Japan: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.7.2.1 Japan: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.7.3 Japan: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.3.8 India
9.3.8.1 India: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.8.2 India: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.8.2.1 India: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.8.3 India: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.3.9 South Korea
9.3.9.1 South Korea: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.9.2 South Korea: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.9.2.1 South Korea: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.9.3 South Korea: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.3.10 Australia
9.3.10.1 Australia: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.10.2 Australia: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.10.2.1 Australia: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.10.3 Australia: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.3.11 Rest of APAC
9.3.11.1 Rest of APAC: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.3.11.2 Rest of APAC: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.3.11.2.1 Rest of APAC: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.3.11.3 Rest of APAC: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)
9.4 Middle East & Africa
9.4.1 Overview
9.4.2 Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.3 Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
9.4.3.1 Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators Type (US$ Mn)
9.4.4 Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
9.4.5 Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Country (%)
9.4.6 UAE Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.7 UAE
9.4.7.1 UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
9.4.7.1.1 UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
9.4.7.2 UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
9.4.8 Saudi Arabia
9.4.9 Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.9.1 Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
9.4.9.1.1 Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
9.4.9.2 Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
9.4.10 South Africa
9.4.11 South Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.11.1 South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
9.4.11.1.1 South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
9.4.11.2 South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
9.4.12 Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.13 Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
9.4.13.1 Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
9.4.13.1.1 Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
9.4.13.2 Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
9.5 South and Central America
9.5.1 Overview
9.5.2 South and Central America: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.5.3 South and Central America Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.5.3.1 South and Central America Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.5.4 South and Central America Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.5.5 South and Central America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
9.5.6 Brazil
9.5.6.1 Brazil: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.5.6.2 Brazil Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.5.6.2.1 Brazil Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.5.6.3 Brazil Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.5.7 Argentina
9.5.7.1 Argentina: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.5.7.2 Argentina Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.5.7.2.1 Argentina Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.5.7.3 Argentina Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.5.8 Rest of South and Central America
9.5.8.1 Rest of South and Central America: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
9.5.8.2 Rest of South and Central America Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.5.8.2.1 Rest of South and Central America Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
9.5.8.3 Rest of South and Central America Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
10. Impact of COVID-19 Pandemic on Global Solvent Evaporation Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Solvent Evaporation Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Labconco Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Büchi Labortechnik AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Biotage AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Heidolph Instruments GmbH & CO. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Yamato Scientific co., ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Porvair plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 IKA Werke GmbH & CO. KG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KNF NEUBERGER, INC.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Steroglass Srl
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Organomation Associates, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Raykol
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Apricot Designs, Inc.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 LabTech S.r.l.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Crescent Scientific
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
12.15 SCINCO CO.,LTD.
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Products and Services
12.15.4 Financial Overview
12.15.5 SWOT Analysis
12.15.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. North America Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 4. US Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. US Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 6. US Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Europe Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 16. Europe: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
Table 17. Germany Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Germany Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Germany Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 20. UK Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 21. UK Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 22. UK Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 23. France Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 24. France Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 25. France Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 26. Spain Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 27. Spain Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 28. Spain Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 29. Italy Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 30. Italy Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 31. Italy Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 32. Rest of Europe Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 33. Rest of Europe Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 34. Rest of Europe Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 37. Asia Pacific: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 38. China: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 39. China: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 40. China: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 41. Japan: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 42. Japan: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 43. Japan: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 44. India: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 45. India Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 46. India: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 47. South Korea: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 48. South Korea: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 49. South Korea: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 50. Australia: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 51. Australia: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 52. Australia: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of APAC: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of APAC: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 55. Rest of APAC: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 57. Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators Type (US$ Mn)
Table 58. Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 59. UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 60. UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
Table 61. UAE Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 62. Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 63. Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
Table 64. Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$
Table 65. South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 66. South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
Table 67. South Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 68. Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 69. Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Rotary Evaporators (US$ Mn)
Table 70. Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 71. South and Central America Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 73. South and Central America Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 76. Brazil Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 79. Argentina Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)
Table 82. Rest of South and Central America Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 83. Organic Developments Done By Companies
Table 84. Inorganic Developments Done by Companies
Table 85. Glossary of Terms, Solvent Evaporation Market
LIST OF FIGURES
Figure 1. Solvent Evaporation Market Segmentation
Figure 2. Solvent Evaporation Market, By Region
Figure 3. Global Solvent Evaporation Market Overview
Figure 4. The Rotary Evaporators Held Largest Share by Type Segment in Solvent Evaporation Market
Figure 5. Asia-Pacific Region is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Global Solvent Evaporation Market, By Geography (USD Million)
Figure 7. Global Solvent Evaporation Market- Leading Country Markets (USD Million)
Figure 8. Global Solvent Evaporation Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East & Africa Analysis
Figure 13. South & Central America PEST Analysis
Figure 14. Expert Opinion
Figure 15. Global Solvent Evaporation Market – Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Solvent Evaporation Market – By Geography Forecast and Analysis – 2020- 2028
Figure 17. Market Positioning of Key Players in Global Solvent Evaporation Market
Figure 18. Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)
Figure 19. Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 20. Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 21. Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 22. Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 23. Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 24. Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 25. Solvent Evaporation Market Share, by End User, 2020 and 2028 (%)
Figure 26. Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 27. Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 28. Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)
Figure 29. North America: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)
Figure 30. North America Solvent Evaporation Market Revenue and Forecast to 2028 (USD Million)
Figure 31. North America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
Figure 32. US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Europe: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)
Figure 36. Europe Solvent Evaporation Market Revenue and Forecast to 2028 (USD Million)
Figure 37. Europe: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
Figure 38. Germany: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. UK: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. France: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Spain: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Italy: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Rest of Europe: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 44. Asia Pacific: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)
Figure 45. Asia Pacific: Solvent Evaporation Market Revenue and Forecast to 2028 (USD Million)
Figure 46. Asia Pacific: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
Figure 47. China: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 48. Japan: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 49. India: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 50. South Korea: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 51. Australia: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 52. Rest of APAC: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. Middle East & Africa Solvent Evaporation Market Revenue Overview, by Country (2020) (us $ Mn)
Figure 54. Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 55. Middle East & Africa Solvent Evaporation Market Revenue and Forecasts to 2028, By Country (%)
Figure 56. UAE Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 57. Saudi Arabia Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 58. South Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 59. Rest of Middle East and Africa Solvent Evaporation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 60. South and Central America: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)
Figure 61. South and Central America Solvent Evaporation Market Revenue and Forecast to 2028 (USD Million)
Figure 62. South and Central America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)
Figure 63. Brazil: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 64. Argentina: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 65. Rest of South and Central America: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)
Figure 66. Impact of COVID-19 Pandemic in North American Country Markets
Figure 67. Impact of COVID-19 Pandemic in European Country Markets
Figure 68. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South and Central America Country Markets
Figure 71. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Solvent Evaporation Market
- BUCHI LABORTECHNIK AG
- BIOTAGE AB
- LABCONCO CORPORATION
- HEIDOLPH INSTRUMENTS GMBH & CO. KG
- YAMATO SCIENTIFIC CO., LTD.
- PORVAIR PLC
- IKA WERKE GMBH AND CO. KG
- STEROGLASS SRL
- ORGANOMATION ASSOCIATES, INC.
- KNF NEUBERGER, INC.
- RAYKOL
- APRICOT DESIGNS, INC.
- LABTECH S.R.L.
- CRESCENT SCIENTIFIC
- SCINCO CO.,LTD
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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