Industrial Exhaust systems 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: CR0207636
  • Format: Electronic (PDF)
  • Number of Pages: 177
  • Author(s): Joshi, Madhavi

Report Overview

The Industrial Exhaust systems Market size was estimated at USD 5.5 billion in 2023 and is projected to reach USD 10 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Industrial Exhaust systems Market

(Market Size)
$5.5 billion
$10 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 5.5 billion
2030 Market Size USD 10 billion
Key Players Greenheck, Systemair, FlaktGroup, Halton, CaptiveAire

Market Summary

The industrial exhaust systems market is a critical segment within the manufacturing and construction industries, providing essential ventilation and air quality control solutions. These systems are engineered to remove hazardous fumes, particulate matter, and excessive heat generated during industrial processes, ensuring a safe working environment and compliance with stringent occupational health and safety regulations. The market is characterized by a consistent demand driven by global industrialization, the expansion of manufacturing facilities, and increasing awareness regarding workplace safety standards. Key end-users span a diverse range of sectors including automotive, metal processing, chemical, power generation, and construction, each requiring tailored exhaust solutions to address specific operational challenges. Technological advancements are fostering the development of more energy-efficient and intelligent systems integrated with IoT for real-time monitoring and control. The competitive landscape is fragmented with the presence of numerous global and regional players striving to enhance their product portfolios through innovation and strategic partnerships. Sustainability trends are also influencing the market, prompting manufacturers to develop systems that not only control emissions but also aid in energy recovery and reduce the overall carbon footprint of industrial operations.

Key Highlights

The industrial exhaust systems market is defined by several pivotal aspects that underscore its importance and trajectory. A primary highlight is the relentless innovation in system design, leading to the creation of high-efficiency particulate air (HEPA) filters and scrubbers that can handle a wider array of pollutants with greater efficacy. The integration of smart technologies and automation represents another significant trend, enabling predictive maintenance, remote monitoring of air quality metrics, and optimized system performance, which reduces downtime and operational costs for end-users. Furthermore, the market is witnessing a surge in demand for customized solutions that are specifically engineered to meet the unique spatial and procedural requirements of different industrial facilities, moving away from a one-size-fits-all approach. The stringent and ever-evolving global and regional environmental regulations concerning air emissions are a constant driver for upgrades and new installations, compelling industries to invest in advanced exhaust management. The strategic focus of leading companies on mergers and acquisitions to expand their geographical footprint and technological capabilities is also a key characteristic shaping the market's competitive dynamics.

Drivers, Opportunities & Restraints

The growth of the industrial exhaust systems market is propelled by a confluence of powerful drivers. The foremost driver is the implementation of strict government regulations and international standards aimed at controlling industrial air pollution and ensuring worker safety, mandating industries to install effective air handling systems. The global expansion of the manufacturing sector, particularly in emerging economies, is creating substantial demand for new exhaust system installations in greenfield projects. Additionally, increasing awareness among industries about the benefits of maintaining good indoor air quality, which includes enhanced worker productivity and reduced health-related liabilities, is a significant growth factor. The market presents considerable opportunities in the development of energy-efficient and sustainable systems that incorporate heat recovery units, reducing the overall energy consumption of a facility. The rise of green manufacturing practices and the circular economy offers potential for systems that facilitate the capture and reuse of materials. However, the market growth is restrained by the high initial investment and installation costs associated with advanced exhaust systems, which can be a barrier for small and medium-sized enterprises. Furthermore, the technical complexity of designing systems for specific, highly corrosive, or high-temperature applications can also pose challenges to widespread adoption.

Concentration Insights

The industrial exhaust systems market exhibits a varied concentration landscape across different regions and segments. In terms of the competitive arena, the market is moderately fragmented, featuring a mix of large multinational corporations and specialized regional manufacturers. Prominent global players such as Donaldson Company, Camfil, and Nederman Holding AB hold significant market share due to their extensive product portfolios, strong research and development capabilities, and established global distribution networks. These leaders compete on the basis of technological innovation, product reliability, and comprehensive after-sales service. Meanwhile, numerous regional and local players compete effectively by offering cost-competitive solutions and possessing deep-rooted relationships with end-users in their specific geographical markets. The concentration of demand is also uneven, with high growth potential observed in the Asia-Pacific region owing to rapid industrialization and increasing regulatory focus on environmental protection. In contrast, mature markets like North America and Europe are characterized by replacement demand and upgrades to more advanced, compliant systems.

Type Insights

The industrial exhaust systems market is segmented by type, primarily into general exhaust systems and local exhaust ventilation (LEV) systems. General exhaust systems, also known as dilution ventilation, work by diluting contaminated air with fresh, clean air and are typically used where contaminants are of low toxicity and generated uniformly. In contrast, Local Exhaust Ventilation (LEV) systems are designed to capture contaminants at their source before they can escape into the workplace atmosphere. LEV systems are highly favored for operations involving hazardous substances, such as welding fumes, chemical vapors, or grinding dust, as they provide a more targeted and efficient method of containment and removal. The selection between these types is dictated by the nature of the industrial process, the toxicity of the pollutants, and the required containment efficiency. There is a growing preference for LEV systems in many industries due to their superior effectiveness in protecting worker health and their ability to often use smaller air volumes than general ventilation, leading to potential energy savings. System components common to both types include hoods, ducts, air cleaners, fans, and exhaust stacks.

Application Insights

Industrial exhaust systems find critical applications across a vast spectrum of industries within the manufacturing and construction sectors. In the automotive industry, these systems are indispensable in paint shops, welding areas, and foundries to extract volatile organic compounds (VOCs), fumes, and dust. The metal processing and fabrication industry utilizes robust exhaust solutions for operations like cutting, grinding, and melting to control metallic dust and fumes. Chemical and pharmaceutical plants require highly corrosion-resistant and often explosion-proof systems to handle hazardous and toxic vapors and ensure process safety. The power generation sector, including thermal power plants, employs large-scale exhaust systems to manage emissions from boilers and other combustion processes. Within the construction sector itself, exhaust systems are used in stationary equipment and during certain material processing activities on large sites. Each application demands specific considerations regarding the type of pollutants, airflow volume, temperature, and material compatibility, driving the need for customized engineering and design in exhaust system solutions.

Regional Insights

The demand for industrial exhaust systems displays distinct regional patterns influenced by the level of industrialization, regulatory frameworks, and economic development. The Asia-Pacific region is anticipated to be a high-growth market, fueled by the rapid expansion of manufacturing capacities in countries like China, India, and Southeast Asian nations. Government initiatives promoting domestic manufacturing, coupled with increasing enforcement of environmental norms, are key factors propelling market growth in this region. North America and Europe represent mature markets characterized by stringent environmental and worker safety regulations from bodies like the EPA and EU-OSHA. The demand here is primarily driven by the replacement of aging systems with technologically advanced, energy-efficient models and retrofits to meet updated compliance standards. The Middle East & Africa region shows potential growth linked to industrial diversification projects and infrastructure development, particularly in the GCC countries. Latin America's market growth is steady, supported by investments in the industrial and mining sectors, though it can be susceptible to regional economic fluctuations.

Company Insights

The competitive landscape of the industrial exhaust systems market includes a roster of established international players and agile regional specialists. Leading companies such as Donaldson Company, Inc. are recognized for their comprehensive range of dust, fume, and mist collectors. Nederman Holding AB is another key player, known for its focus on environmental technology and solutions for industrial air filtration. Camfil Group emphasizes high-quality air filters and clean air solutions for a variety of industrial applications. SPX Flow, Inc. offers engineered solutions including ventilation systems for challenging environments. Other notable participants include AAF International (a member of the Daikin Group), Parker Hannifin Corporation, and CECO Environmental. These companies compete intensely through strategies centered on continuous product innovation, expansion of their service offerings, and strategic mergers and acquisitions to enhance their technological capabilities and geographic presence. A strong focus on providing value-added services like system design consulting, installation, and maintenance contracts is also a critical differentiator in this market.

Recent Developments

The industrial exhaust systems market is dynamic, with recent developments focusing heavily on technological integration and sustainability. A prominent trend is the increased adoption of Internet of Things (IoT) technology, enabling smart exhaust systems that provide real-time data on air quality, filter status, and system performance, allowing for predictive maintenance and operational optimization. There is a significant push towards developing more energy-efficient fans and motors, as well as systems that incorporate heat recovery units to capture waste thermal energy from exhaust streams for reuse in facility heating, thereby reducing overall energy costs. Companies are also investing in research to create advanced filtration media that can capture ultrafine particles and specific gaseous pollutants with higher efficiency and lower pressure drop. Furthermore, strategic movements such as acquisitions and partnerships have been observed, with larger entities seeking to acquire niche technology firms to bolster their product offerings and expand into new application areas or geographical markets, reflecting a strategy to consolidate market position and drive growth.

Report Segmentation

This market research report on the industrial exhaust systems market provides a detailed and structured analysis through a methodical segmentation approach. The report is segmented by type, distinguishing between general exhaust systems and local exhaust ventilation (LEV) systems, with further breakdowns available by component such as fans, filters, ducts, and hoods. The application segmentation offers a thorough examination across key industries including automotive, metalworking, chemical processing, power generation, construction, and others, highlighting the specific demands and trends within each vertical. Geographically, the report delivers insights into regional markets across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, analyzing regional drivers, challenges, and growth prospects. This multi-dimensional segmentation allows for a granular understanding of the market, enabling stakeholders to identify high-growth segments, understand application-specific requirements, and assess regional opportunities, thereby supporting informed strategic planning and investment decisions.

FAQs

What are the different types of industrial exhaust systems?

Industrial exhaust systems are primarily categorized into two types: general exhaust systems and local exhaust ventilation (LEV) systems. General systems dilute contaminated air within an entire space, while LEV systems capture pollutants directly at the source before they disperse.

Which industries are the major end-users of these systems?

The major end-user industries include automotive manufacturing, metal processing and fabrication, chemical and pharmaceutical production, power generation plants, and the construction sector, each requiring tailored solutions for specific airborne contaminants.

What are the key drivers for this market?

Key market drivers include stringent government regulations for workplace safety and air quality, growing industrialization globally, and increasing awareness among companies about the health and productivity benefits of effective air pollution control.

Who are some of the leading companies in this market?

Prominent companies operating in the global market include Donaldson Company, Inc., Nederman Holding AB, Camfil Group, SPX Flow, Inc., and CECO Environmental, among others.

How is technology impacting industrial exhaust systems?

Technology is significantly transforming the market through the integration of IoT for real-time monitoring and predictive maintenance, the development of high-efficiency filters, and the creation of energy-saving systems with heat recovery capabilities.

What are the main challenges faced by this market?

Primary challenges include the high initial investment and installation costs for advanced systems, especially for small and medium enterprises, and the technical complexity involved in designing systems for extreme industrial environments.

Citius Research has developed a research report titled “Industrial Exhaust systems 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

• Industrial Exhaust systems 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 Industrial Exhaust systems 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.

Industrial Exhaust systems Market Segmentation

Market Segmentation

Regions Covered

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

Industrial Exhaust systems Market Analysis

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

• Overview of Industrial Exhaust systems Market
• Research Methodology
• Executive Summary
• Market Dynamics of Industrial Exhaust systems 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 Industrial Exhaust systems Market
• Cost and Gross Margin Analysis of Industrial Exhaust systems Market
• Industrial Exhaust systems 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 “Industrial Exhaust systems 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.

Industrial Exhaust systems Market Key Stakeholders

Below are the key stakeholders for the Industrial Exhaust systems Market:

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

Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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 Industrial Exhaust systems 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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