A three-pronged approach was followed for deducing the filtration and drying equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for filtration and drying equipment market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of filtration and drying equipment market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The filtration and drying equipment market was categorized into four segments, namely technology (Centrifuges, Agitated Nutsche Filter-Dyers (ANFD)), end-use (Pharmaceutical, Chemicals,Water and Wastewater Treatment, Food & Beverages), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).
The filtration and drying equipment market was segmented into technology, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The filtration and drying equipment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, U.S.; Canada; Mexico; Germany; UK; France; Spain; Italy; China; India; Japan; South Korea; Australia; Brazil; Argentina;Saudi Arabia; South Africa
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The filtration and drying equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Hosokawa Micron Powder Systems Hosokawa Micron Powder Systems is a major market player in the particle and powder processing technologies industry. The company offers a wide range of solutions for various industries, including cosmetics, chemicals, plastics, minerals, pharmaceuticals, and food. It specializes in the development of coarse to ultra-fine grinding, containing, classifying, drying, mixing, compacting, and analyzing equipment. The company has its in-house customization team to cater to the application requirements of individuals or special installations. It has worked with numerous clients such as Stott & Vitalair, Mikro, Alpine, Nauta, and Micron.
3V Tech S.p.A. 3V Tech S.p.A. is a key manufacturer of glass-lined equipment, catering to the pharmaceuticals and chemicals industries. The company's business model is founded on a multidisciplinary approach, enabling it to cater to the personalized requirements of customers. It consists of four prestigious brands, including CONSITO, COGEIM, MABO, and The GLASSCOAT. The company has two designing and manufacturing facilities with a combined covered area of approximately 16,000 square meters. It also invests increasingly in research and development activities and owns a 2,000-square-meter testing facility wherein pilot plant trials are conducted for its equipment and process solutions against actual goods for guaranteeing that all customer requirements are met. The 4,000-square-meter 3V Tech glass-lining plant of the company is located in Noventa di Piave, Italy.
Zhejiang Yaguang Technology Co., Ltd Zhejiang Yaguang Technology Co., Ltd. (AGT) is a high-tech enterprise specializing in the research, development, production, and sales of pharmaceutical equipment for over 20 years. The company has developed pharmaceutical core equipment in China, such as the first rubber stopper washing machine, the first agitated nutsche filter dryer, and a vacuum belt dryer. Its product portfolio is classified into three broad categories: Chinese herb equipment, API fine drying package production line, and the washer series. The company has a special drafting unit of the national standard of China for Agitated Nutsche Filters dryers and rubber stopper washing machines, as well as over 100 technical patents. AGT has a global presence in Europe, Americas, and Asia. The company has a new production line in Wenzhou, China, and founded Hebei Dalih Pharma Machinery & Equipment Co., Ltd. in 2020 for supplying pharmaceutical liquids and powder delivery systems. The company has a workshop spread across an area of 50,000 square meters and has 200 patents.
Little Men Roaring, LLC Little Men Roaring, LLC is a major market player in the pharmaceutical and fine chemical industries, specializing in the design and development of equipment and systems. The company offers cryogenic technologies, filter & vacuum drying systems, and auxiliary process equipment. It also provides field services, technical support, spare parts, maintenance manuals, process engineering consultations, certifications, construction documentation services, and mechanical and electrical upgrade services. Little Men Roaring, LLC has in-house fabrication, production, and assembly services, allowing it to maintain tight control over quality. The company's product segments include cryogenic solvent recovery, distillation, air separation, and adsorption, as well as inverting filter centrifuges, pharma peeler centrifuges, chemical peeler centrifuges, and various types of dryers.
Pope Scientific Inc Pope Scientific Inc. is a major market player in the pharmaceutical and fine chemical industries, specializing in the design and development of equipment and systems. The company offers a wide range of products, including cryogenic technologies, filter & vacuum drying systems, and auxiliary process equipment. Pope Scientific Inc. has a 64,000 square foot manufacturing facility containing technical and testing laboratories, engineering and glassblowing units, production areas, shipping/storing units, and a fully equipped toll processing area. The company's product portfolio includes wiped-film still systems & processing equipment, fractional distillation equipment, hybrid wiped film/fractional still systems, vessels, reactors & process systems, nutsche filter-dryers, sanitary pressurizable mixers, dewar flasks, and cannabis specialties. Additionally, the company offers toll processing, laboratory testing, and process developing services.
Promas Engineers PVT. LTD Promas Engineers PVT. LTD is a major market player in the pharmaceutical, food, chemicals, and cosmetics industries. The company has a U.S. FDA-approved in-house public testing laboratory with sophisticated modern testing instruments. It has approximately 1,521 clients and offers 27 types of products, serving 22 countries. The company's product portfolio includes a wide variety of equipment such as vacuum tray dryers, air tray dryers, agitated vacuum dryers, rotary cone vacuum dryers, fluid bed dryers, agitated nutsche filter dryers, planetary mixers, plough shear mixers, sigma mixers, jet mills, multi mills, ball mills, colloid mills, rapid mixer granulators, coating pans, and vibro sifters.
Chem Flowtronics Chem Flowtronics Inc. is a major market player that specializes in the development of specialized process equipment for flow control, observation, and processing in corrosive and high-purity environments. The company's products cater to the requirements of chemical, pharmaceutical, and general industrial companies across the world. Chem Flowtronics has a broad product line and develops nearly all its products in a 7,500-square-foot facility in Little Falls, New Jersey in the U.S. The company offers engineering, manufacturing, and installing services. Precision CNC equipment offered by the company enables high-quality and consistently accurate production that meets the pharmaceutical GMP/FDA requirements, as well as fulfills sterile conditions of research and development centers and cleanrooms. It also uses the latest CNC machining centers, lathes, and milling machines to produce precise high-quality products. All stainless steel and alloy products offered by the company are sanitary/technical welded and polished internally by its ASME-certified welders. The products of the company are available through distributors, representatives, and agents based in major markets across the world. The products portfolio of the company includes equipment solutions, CFT global, process, CBD process equipment, condensers & specialty, sanitary process equipment, splitters, sight flow indicators & level gauges, mixers & agitators, and PTFE-lined valves & refluxes. The products of Chem Flowtronics are ISO 9002 and Made in the USA certified.
Synovatic India Synovatic India Machinery Pvt. Ltd. is a major market player that manufactures a vast range of machinery and equipment catering to the requirements of API, pharmaceutical, cosmetic, chemical, and food companies. The company also provides maintenance services for all types of machines that are either a part of its product range or are supplied by other companies. Additionally, Synovatic India offers fluoropolymer PVDF, HALAR, ETFE, PTFE, FEP, and PFA coatings and linings for machines and equipment. The company is ISO 9001:2015 certified and has two workshops located in Umbergaon (Maharashtra-Gujarat border) and Gujarat with areas of 5000 square feet and 25,000 square feet, respectively. The facilities of Synovatic India are well equipped with a buffing section, a machine shop, a fabrication shop, an assembly section, a coating-lining section fluoropolymer- PVDF, ETFE, PFA, FEP, HALAR, and PTFE, and an assembly section. The product portfolio of the company includes APIs and bulk drugs, a tablet section, an ointment & liquid section, and a capsule section. Its clients include Aarti Industries Limited, AUROBINDO, BASF, Bajaj Healthcare Limited, FDC Limited, Glenmark, Pidilite, and others.
Bachiller Bachiller is an industrial engineering company that specializes in the design and manufacture of process equipment and pressure vessels for the chemical, petrochemical, pharmaceutical, cosmetic, and food industries. The company offers a wide range of high-quality equipment and solutions for various processes, including pressure filtration, vacuum drying, mixing and homogenization of solids and powders, processing of liquids and semisolids, agitated reactors, static equipment, and pressure vessels. Bachiller also provides custom design services, production of equipment, laboratory tests, quality control, and after-sales support. The company has two production centers totaling more than 9,000 square meters and is present in more than 35 countries through its extensive network of representatives and local partners. Bachiller's products are certified with Modules H1 and H, and it has quality certifications such as ISO 9001:2015, ISO 14001:2015, ISO 3834-2, the seals U and U2 from ASME, the HP0 certificate in accordance with AD-2000 Merkblätt, and the Manufacture license of special equipment (pressure).
HEINKEL Process Technology GmbH HEINKEL Process Technology GmbH is a leading company that specializes in the design, manufacturing, and provision of high-quality equipment and full systems for separating solids from liquids. The company offers its products under a wide range of brand names, including BOLZ-SUMMIX, COMBER, HEINKEL, and JONGIA. Its product range includes Nutsche filters, centrifuges, filter dryers, dryers & mixers, laboratory & pilot plant equipment, ball segment valves, separation systems, and used machines. These products are used for various applications such as pharmaceutical, chemical, fine chemicals, food products, metal, recycling, and surface coating.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 - 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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