Air Compressor Filter and Compressed Air Dryer Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207200
  • Format: Electronic (PDF)
  • Number of Pages: 183
  • Author(s): Joshi, Madhavi

Report Overview

The Air Compressor Filter and Compressed Air Dryer Market size was estimated at USD 4.5 billion in 2023 and is projected to reach USD 7.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024-2030).

Air Compressor Filter and Compressed Air Dryer Market

(Market Size)
$4.5 billion
$7.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.80%
2023 Market Size USD 4.5 billion
2030 Market Size USD 7.2 billion
Key Players Atlas Copco, Ingersoll Rand, Parker Hannifin, Donaldson, Sullair

Market Summary

The air compressor filter and compressed air dryer market is a critical segment within the broader industrial equipment sector, serving as an indispensable component for manufacturing and construction operations worldwide. These products are essential for ensuring the quality, efficiency, and longevity of compressed air systems by removing contaminants such as water, oil, dirt, and other particulates. The market is characterized by steady demand driven by the fundamental need for clean, dry air in pneumatic tools, machinery operation, spray painting, and instrumentation across diverse industrial applications. Growth is underpinned by ongoing industrial automation, stringent air quality standards, and the expanding global manufacturing base, particularly in emerging economies. Manufacturers in this space continuously innovate to develop more efficient, durable, and environmentally sustainable filtration and drying solutions to meet the evolving demands of modern industry.

Key Highlights

A prominent highlight of this market is the increasing integration of smart technologies and IoT-enabled devices into air treatment systems. Leading companies are developing filters and dryers equipped with sensors that provide real-time data on pressure drop, air quality, and remaining service life, enabling predictive maintenance and minimizing unplanned downtime. Another significant trend is the strong emphasis on energy efficiency, with advanced models designed to consume less power, thereby reducing the total cost of ownership for end-users. The market also sees a consistent demand for replacement filters and consumables, creating a stable aftermarket revenue stream for manufacturers. Furthermore, the rise of specific industry standards, particularly ISO 8573-1 which defines air purity classes, continues to shape product development and purchasing decisions, compelling manufacturers to offer certified solutions that guarantee performance.

Drivers, Opportunities & Restraints

The primary driver for the air compressor filter and dryer market is the relentless expansion of global manufacturing and construction activities, which directly increases the installation base of air compressors requiring ancillary treatment equipment. Strict government regulations and industry norms mandating high-quality compressed air to ensure product quality and workplace safety further propel market growth. A significant opportunity lies in the rapid industrialization across Asia-Pacific and Latin American regions, where new manufacturing facilities present a substantial greenfield market. The growing adoption of energy-efficient systems offers another avenue for growth, as businesses seek to lower operational costs. However, the market faces restraints including the high initial investment associated with premium air treatment systems, which can deter small and medium enterprises. Additionally, the presence of low-cost, inferior quality products in certain regions poses a challenge to established brands, while economic downturns that lead to reduced capital expenditure in industrial sectors can temporarily dampen market momentum.

Concentration Insights

The competitive landscape of the air compressor filter and compressed air dryer market is moderately concentrated, featuring a mix of large multinational corporations and specialized niche players. Dominant global players such as Atlas Copco, Ingersoll Rand, and Parker Hannifin hold significant market share due to their extensive product portfolios, strong brand recognition, and global distribution networks. These companies compete on technology, reliability, and comprehensive service and support. Alongside them, numerous regional and local manufacturers compete effectively by offering cost-competitive products and catering to specific local requirements. The aftermarket segment is particularly fragmented, with many companies supplying compatible replacement filters and parts. Competition is intensifying with a focus on technological innovation, particularly in developing energy-saving and connected products, as well as through strategic mergers and acquisitions to expand geographic and product reach.

Type Insights

The market is segmented by product type into air compressor filters and compressed air dryers, each with its own sub-categories. Air compressor filters are primarily classified based on the type of contaminant they remove, including particulate filters for solids, coalescing filters for oil aerosols, and activated carbon filters for vapor removal. Compressed air dryers are categorized by their technology: refrigerated dryers, which cool the air to condense moisture, are the most common due to their cost-effectiveness for general industrial applications. Desiccant dryers, which use an adsorbent material like silica gel to remove moisture, are preferred for applications requiring extremely dry air, such as in pharmaceutical manufacturing or painting. Membrane dryers and deliquescent dryers represent other technologies used in specific, often niche, applications where their particular advantages are warranted.

Application Insights

The application of air compressor filters and dryers is vast and critical across the manufacturing and construction industries. In manufacturing, they are indispensable in sectors like food and beverage, where oil-free and contaminant-free air is mandatory to prevent product contamination. The pharmaceutical and chemical industries rely on them to ensure the integrity of processes and products, often requiring the highest purity classes. In automotive and industrial manufacturing, clean dry air is essential for the precise operation of pneumatic machinery, robotics, and control instruments. The construction industry utilizes these products to protect powerful pneumatic tools like jackhammers and nail guns from moisture and particulate damage, thereby enhancing tool life and worksite safety. Other key applications include wastewater treatment, power generation, and electronics manufacturing, where air quality directly impacts operational efficiency and output quality.

Regional Insights

Geographically, the Asia-Pacific region stands as the largest and fastest-growing market for air compressor filters and dryers, fueled by massive investments in industrial manufacturing, particularly in China, India, and Southeast Asian nations. The region's booming construction sector further augments demand. North America and Europe represent mature markets characterized by stringent regulatory standards and a high replacement demand from a well-established industrial base. Growth in these regions is driven by the need to upgrade aging compressed air systems with newer, more energy-efficient models. The Middle East and Africa show promising growth potential linked to industrial diversification projects and infrastructure development. Latin America exhibits steady demand, with growth opportunities emerging from the modernization of industrial facilities in countries like Brazil and Mexico. Each region presents a unique set of market dynamics influenced by local industrialization policies, economic conditions, and end-user industry trends.

Company Insights

The market landscape is populated by several key players who define its direction through innovation and global reach. Atlas Copco (Sweden) and Ingersoll Rand (US) are recognized as industry leaders, offering comprehensive solutions across the entire compressed air spectrum. Parker Hannifin (US) and Donaldson Company (US) are major forces, particularly renowned for their advanced filtration technologies. SPX Flow (US) and Kaeser Compressors (Germany) are also significant competitors with strong product offerings in air treatment. Companies like Gardner Denver (US) and Sullair (US), now part of larger conglomerates, maintain a strong presence. Beyond these giants, numerous specialized players such as Van Air Systems (US) and Zeks Air Drier Corporation (US) compete effectively in niche segments. Competition is robust, with each company striving to differentiate through product performance, energy efficiency ratings, global service capabilities, and the ability to provide integrated system solutions.

Recent Developments

The market has witnessed notable recent developments focused on technological advancement and strategic expansion. A key trend is the launch of next-generation, energy-efficient dryers that utilize variable speed drive (VSD) technology to match energy consumption to actual air demand, significantly reducing electricity costs. There has been a surge in the development of IoT-connected filters and dryers that enable remote monitoring and data analytics for predictive maintenance, helping to prevent system failures. Sustainability is another major focus, with companies introducing products that use eco-friendly refrigerants and have longer service lives to reduce waste. On the corporate front, strategic acquisitions and partnerships have been prevalent as companies seek to enhance their technological portfolios and expand their geographic footprint. Furthermore, leading players are increasingly offering customized solutions and rental services to cater to the diverse and fluctuating needs of their industrial clientele, reflecting a shift towards more flexible business models.

Report Segmentation

This market research report on the air compressor filter and compressed air dryer market provides a detailed and structured analysis segmented to offer granular insights. The segmentation is primarily based on product type, categorizing the market into air compressor filters and compressed air dryers, with further breakdowns into their respective subtypes such as particulate filters, coalescing filters, refrigerated dryers, and desiccant dryers. The report is further segmented by application, analyzing demand across key industries including food & beverage, pharmaceuticals, construction, automotive, chemicals, and others. A critical geographical segmentation delivers regional analysis for North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting regional trends and opportunities. Additionally, the report includes a competitive landscape segment that profiles key market players, their market share, product offerings, and business strategies, providing a comprehensive view of the market's structure and dynamics.

FAQs

What is the purpose of a compressed air dryer? The primary purpose of a compressed air dryer is to remove water vapor from compressed air. When air is compressed, its ability to hold moisture decreases, causing water to condense inside the air system. Dryers prevent this moisture from causing corrosion in pipelines, damaging pneumatic tools, and contaminating end products in sensitive manufacturing processes.

How often should compressor filters be changed? The frequency for changing compressor filters is not fixed and depends on several factors including the operating environment air quality, hours of operation, and the type of filter. Generally, particulate filters may require more frequent changes than coalescing filters. Most manufacturers recommend checking pressure drop across the filter and replacing it when a specified differential is exceeded, or during scheduled maintenance intervals.

What is the difference between a refrigerated and desiccant air dryer? The core difference lies in the drying technology. A refrigerated dryer cools the compressed air, causing water vapor to condense into liquid water, which is then drained away. It typically delivers dew points around 35-50?F. A desiccant dryer passes air through a bed of hygroscopic material desiccant that adsorbs moisture, capable of achieving much lower dew points, often as low as -40?F to -100?F, making it suitable for critical applications.

Why is filtered compressed air important? Filtered compressed air is critically important to protect downstream equipment from damage caused by particulates, oil, and water. It ensures the reliable operation of pneumatic tools, valves, and cylinders. In many industries like food, pharmaceuticals, and electronics, it is essential for maintaining product quality and safety by preventing contamination from oil aerosols or other particles that could ruin the final product.

Can you use an air compressor without a filter? While it is physically possible to operate an air compressor without a filter, it is highly inadvisable. Running without a filter exposes the entire compressed air system and any connected tools or processes to airborne contaminants, water, and compressor lubricant. This leads to accelerated wear and corrosion, frequent breakdowns, product spoilage, and ultimately higher maintenance and replacement costs, outweighing any short-term savings on the filter itself.

What are the common types of air compressor filters? The most common types are particulate filters, coalescing filters, and adsorption vapor filters. Particulate filters remove solid contaminants like dust and rust. Coalescing filters are designed to remove liquid aerosols such as water and oil droplets by merging them into larger drops that fall away. Adsorption filters, often containing activated carbon, are used to remove oil vapors and odors that coalescing filters cannot capture.

Citius Research has developed a research report titled “Air Compressor Filter and Compressed Air Dryer Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Air Compressor Filter and Compressed Air Dryer Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Air Compressor Filter and Compressed Air Dryer Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Air Compressor Filter and Compressed Air Dryer Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Air Compressor Filter and Compressed Air Dryer Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Air Compressor Filter and Compressed Air Dryer Market
• Research Methodology
• Executive Summary
• Market Dynamics of Air Compressor Filter and Compressed Air Dryer Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Air Compressor Filter and Compressed Air Dryer Market
• Cost and Gross Margin Analysis of Air Compressor Filter and Compressed Air Dryer Market
• Air Compressor Filter and Compressed Air Dryer Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Air Compressor Filter and Compressed Air Dryer Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Air Compressor Filter and Compressed Air Dryer Market Key Stakeholders

Below are the key stakeholders for the Air Compressor Filter and Compressed Air Dryer Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Air Compressor Filter and Compressed Air Dryer Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Air Compressor Filter and Compressed Air Dryer Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Air Compressor Filter and Compressed Air Dryer Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Air Compressor Filter and Compressed Air Dryer Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Air Compressor Filter and Compressed Air Dryer Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Air Compressor Filter and Compressed Air Dryer Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Air Compressor Filter and Compressed Air Dryer Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Air Compressor Filter and Compressed Air Dryer Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Air Compressor Filter and Compressed Air Dryer Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Air Compressor Filter and Compressed Air Dryer Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Air Compressor Filter and Compressed Air Dryer Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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