Fluid Dispensing Systems Market Size, Share & Trends Analysis Report By Product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), By Region, By Application, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the fluid dispensing systems 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 fluid dispensing systems market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

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 fluid dispensing systems 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.

Fluid Dispensing Systems Market Categorization:

The fluid dispensing systems market was categorized into three segments, namely product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), application (Electrical & Electronics Assembly, Medical Devices, Automotive, Construction), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The fluid dispensing systems market was segmented into product, application, 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:

Market research approaches: Bottom-up

• 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.

Market research approaches: Top-down

• 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.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The fluid dispensing systems market was analyzed at a regional level. The global 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 six countries, namely, the U.S.; Germany; the UK.; China; India; Japan.

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.

Fluid dispensing systems market companies & financials:

The fluid dispensing systems 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:

• Nordson Corporation , Nordson Corporation is an American multinational company that designs and manufactures varied dispensing equipment for consumer and industrial adhesives, sealants and coatings. The company's product portfolio includes adhesive dispensing, advanced technology, and industrial coating systems. It has an operation presence in more than 30 countries across the globe and manufacturing facilities in the U.S., China, Germany, India, Netherlands, Thailand, and the UK. As of 2018, the company held 545 United States patents and 1,405 foreign patents. Nordson Asymtek is a part of Nordson Corporation. Nordson Asymtek supplies automated fluid dispensing and conformal coating to a global supply network. It offers innovative equipment to end-use industries such as semiconductor packaging, PCB assembly, flat panel display assembly, medical product assembly, LED assembly, electronic component assembly, and precision process assembly.

• Henkel AG & Co. KGaA , Henkel AG & Co. KGaA is engaged in the consumer and industrial business. The company operates through three business segments, including laundry and home care, beauty care, and adhesive technologies. Renowned brands such as Persil, Loctite and Schwarzkopf belong to the Henkel Group. The Loctite brand equipment product portfolio includes controllers, light curing equipment, robotic systems, volumetric dispensing systems, process monitoring, dispense components, hysol hot melt dispensers and two-component adhesive dispensing.

• Protec Co. Ltd. , Protec Co. Ltd. manufactures and sells equipment for semiconductor packaging. The company operates through two business segments system business group and pneumatic business group. System group products include dispensing systems, die bonders, and attach series system. The pneumatic group product portfolio includes a precision guide cylinder, pick-up cylinder, block cylinder, slide cylinder, rotary cylinder, swivel unit, swing cylinder, check valve, and special cylinder.

• AdvanJet , AdvanJet design and manufactures advanced non-contact jet dispensing products and high performance micro dispensing fluids. The company’s product portfolio includes HV-2000, HV2000C controller and PDJ-1100. It also provides solution for fast and easy robot integration. The company's products are highly programmable, with customized solutions for each customer. OEMs are allowed the function of jet control with integrated customized software ranging from serial interface to including jet timing parameters and the nozzle heater temperature.

• Speedline Technologies , Speedline Technologies Inc. manufactures and provides technology solutions for electronics manufacturing and PCB assembly. Speedline is part of the Specialty Systems Group within Illinois Tool Works, Inc. The company’s product portfolio includes MPM printers, Camalot dispensers, electrovert cleaners, electrovert wave soldering, reflow soldering, and cleaning equipment. It has sales offices in Massachusetts, Missouri, Singapore, Mexico, China, and Germany and manufacturing facilities in Missouri and China. Speedline technologies operates as a subsidiary of Illinois Tool Works Inc.

• Musashi Engineering Inc. , Musashi Engineering Inc. manufactures, develops, and sells precision dispensing systems. The company's product portfolio includes dispenser controller, parts & accessories, peripheral devices, desktop robot, FA equipment and specialized equipment. The company has a domestic solid as well as an overseas presence. It has 12 domestic sales branches, additionally, the company has overseas branches in Germany, Hong Kong, China, Thailand, Singapore, Taiwan, Korea and Indonesia.

• GPD Global Inc. , GPD Global Inc. is an equipment manufacturer of precision and automated fluid dispensing systems. The company supplies equipment for PCB assembly and semiconductor industries. The company designs, manufactures, and sales precision pumps and liquid dispense systems for end users including consumer goods, medical, automotive, aviation, defense, and life science industries. Its product portfolio includes precision fluid dispensing system, precision lead forming machines, SMT cover tape peel tester and component prep equipment.

• Fisnar Inc. , Fisnar Inc. manufactures and supplies fluid dispensing system and equipment for industries. The company’s product portfolio includes robotics, fluid dispensers, pumps and reservoir, dispensing valves, dispensing accessories, metering & mixing and hot melt dispensing. It has two subsidiaries operating in France and Hong Kong. The company was formerly known as I&J Fisnar, Inc. and changed its name to Fisnar Inc. in 2009. It serves products to many applications, including electronic, medical, jewelry, automotive, and general industrial OEM assembly operations.

• Techcon Systems , Techcon Systems provides precision dispensing and adhesive dispensing equipment services to industries including aerospace, military, packaging, industrial assembly, medical device and electronic industries. It operates as a subsidiary of OK International, Inc. The company's product portfolio includes dispensing robots, valves, fluid dispensers, tips, syringe barrels, cartridges & nozzles and 2K packaging.

• Intertronics , Intertronics supplies materials, consumables, and equipment to assembly industries including medical devices, plastics, electronics, defense automotive, energy, and aerospace. The company's product portfolio includes adhesives, dispensing, robotics, UV and light curing, metering and mixing, sealants, potting, gaskets, coatings, temporary masking, and adhesive tapes. Adhere is an Intertronics brand covering coating, sealing, encapsulating, potting, masking, and gasketing products.

Value chain-based sizing & forecasting

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

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Fluid Dispensing Systems Market Report Objectives:

• 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 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Fluid Dispensing Systems Market Report Assumptions:

• The report provides market value for the base year 2022 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.

Primary Research

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.