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Electrostatic Precipitator Market Report Scope & Overview:

The Electrostatic Precipitator Market size was valued at USD 7.45 Billion in 2023 and is now anticipated to grow to USD 10.33 Billion by 2031, displaying a compound annual growth rate (CAGR) of 3.7% during the forecast Period (2024-2031).

The Electrostatic Precipitator market is growing at a significant rate. The growth factors like increasing awareness towards air quality and rapid industrialization across the globe. The deterioration of air quality on a daily basis due to harmful emissions released from various industries is making a way for the growth of the electrostatic Precipitator market.

Electrostatic Precipitator Market Revenue Analysis

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Population rise especially in urban areas with rising health awareness will further fuel market expansion. Stringent regulations to curb increasing air pollution levels; along with growing health awareness is expected to enhance the adoption of such equipment. According to Environmental Protection Agency (EPA), there has been a decrease of around 42% in national average of particulate matter from 2000-2022. Electrostatic precipitators are used in removal of soot and ash from exhaust fumes making an ideal choice for several sectors to reduce the particulate matter from air thereby reducing the level of particulate matter within limits. The sectors like energy, public transportation, automobiles are contributing majority of the growth of the economy. All these factors are helping in the growth of the electrostatic Precipitator markets.

Market Dynamics

Drivers

  • Has a huge potential in reduction of SO3 (Sulphur trioxide) emissions from power plants is driving the market to its growth.

  • Growing demand for high-efficiency electrostatic precipitators due to low maintenance cost, high collection efficiency, and low operating cost.

Unlike some filtration systems that require frequent filter replacements, ESPs has low maintenance costs and minimal moving parts. This helps in saving time and money on maintenance. Moreover, ESPs very efficient in capturing dust particles from exhaust streams with an efficiency of 99%. This not only reduces air pollution but also eliminates the need for additional air control equipment. Finally, ESPs are operational cost-effective. Also, they require relatively low operating energy, leading to lower energy bills in the long term.

Restraints

  • ESPs are energy-efficient compared to other pollution control technologies but in regions with high electricity costs, the ongoing operational expense can be a drawback which might hinder the companies in adoption of ESP’s.

  • Limited applicability in specific applications might bring restraint in the growth.

ESP’s have many applications but, their effectiveness might get reduced from certain types of pollutants like very fine particles, sticky particles, particles with high moisture content can be a problem for ESP to capture. They might slip hindering collection. In such cases alternative technologies like fabric filters or wet scrubbers might be more suitable

Opportunities

  • Rising adoption of digital technologies like IoT, AI, and automation in ESP’s investment is providing opportunities for companies in the enhancement of product offerings and operational efficiency.

  • The increasing focus towards sustainable development and environmental protection is opening opportunities for providing eco-friendly electrostatic precipitators.

Challenges

  • Intense competition from alternatives such as fabric filters and wet scrubbers is creating a challenge in the growth of the market.

  • The need of frequent cleaning, maintenance of ESP’s can lead to operational downtime, which is a challenge for companies that might require uninterrupted production.

Impact of Russia-Ukraine War

The Russia-Ukraine war has a huge impact on the electrostatic precipitator markets. Power sector is dominating in the use of electrostatic precipitators but because of the war energy markets are witnessing unprecedented volatilities in the prices of fuels. Russia is exporting around 25% of oil & 44% of coal throughout the Europe but because of the war the supply chain disrupted and the prices of fuels increased to around 15-18%. This might make countries focus towards energy security which will also affect the usage of electrostatic precipitator as it consumes a huge amount of electricity in operation. This might decrease the demand for electrostatic precipitators. However, some countries might from decrease the reliance on imports and prioritize in usage of domestic energy which might favor the ESP’s. At the same time, the increased awareness towards clean energy and renewable energy might decline the demand for ESP’s. Sectors like existing coal power plants may still require to upgrade its ESP or maintain its existing ESP’s in order to meet stricter air quality standards.

Impact of Economic Slowdown

Economic slowdowns have a huge impact on the ESP market. Tightened budgets lead to a decrease in capital expense on pollution control equipment which also includes ESP.  There is seen a steep decline in the demand for electrostatic precipitator markets of about 10-12% with majority of end users like power, oil & gas. Economic slowdowns may push companies in prioritizing short-term cost-cutting also, the upfront cost of ESPs, particularly advanced models might be a restraint, leading to delays in upgrades or opting for cheaper, less efficient options. Instead of procuring existing ESP’s Companies might prioritize in maintaining existing ESPs which might increase focus towards replacing parts and servicing, offering some stability to the market. Some companies might also opt for cheaper alternatives that might do the same work. Environmental regulations related to air quality emissions remain in place during this slowdown which will ensure a continued demand for ESP maintenance and servicing to guarantee existing systems meet compliance standards.

Segmentation Analysis

By Type

  • Dry

  • Wet

The Dry Type of electrostatic precipitator is dominating the market with a share of around 86% of the total market. The key factors that are making the dry type dominating is high separating efficiency, low maintenance, increased temperature capacity, low operating costs, and enhanced durability. The filters also has the potential to remove dry contaminants with wide variety of exhaust temperatures, which is helping in the gaining dominance in power sectors and many more. Moreover, the extensive use in cement industry, steel etc. is making dry type dominating over wet type.

Electrostatic-Precipitator-Market-By-Type

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By Component

  • Hardware

  • Software

  • Services

The Hardware Component is dominating the market with a share of around 43% of the total market. The reason for its dominance is high requirement of hardware’s in varieties of electrostatic precipitator. The continuous maintenance and changing of parts are the reason for the growing nature. Hardware components include HVAC filters, discharge electrodes, collector electrodes, hoppers, rappers, and shells are the key components for the proper functioning of electrostatic precipitators.

By End User

  • Power

  • Metals

  • Cement

  • Chemicals

  • Media

Regional Analysis

The Asia-Pacific region is dominating the market with a share of around 37.4% of the total market. The increasing air pollution is because of emission of particulate matter from rapid industrialization, thermal power plants, cement factories, steel and chemical manufacturers has increased demand across the Region. Also, the investments in high-rise projects have also increased exponentially growing the need electrostatic precipitators. At the same time stringent rules & regulations regarding air pollutants comes into action is also making this region dominating

North America is the fastest growing region next to Asia-Pacific because of rapid advancements in technology & industrialization.

Electrostatic-Precipitator-Market-By-Region

Regional Outlook

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are General Electric, Mitsubishi Hitachi Power Systems, Siemens, Amec Foster Wheeler, Babcock & Wilcox, Thermax Global, Ducon Technologies (US), Fujian Longking, Hamon Group, Trion and others.

Mitsubishi Hitachi Power Systems-Company Financial Analysis

Company Landscape Analysis

Recent Development

  • In March 2024, Mitsubishi Heavy Industries Ltd. launched a new ESP design with optimized electrode configuration, boasting a 10% improvement in particle collection efficiency while reducing energy consumption by 5%.

  • In May 2024, The Babcock & Wilcox Company announced the launch of their "ESP Guardian" system which utilizes machine learning algorithms for predictive maintenance and offers remote monitoring capabilities for improved operational efficiency.

Electrostatic Precipitator Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 7.45 Billion
Market Size by 2031 US$ 10.33 Billion
CAGR CAGR of 3.7% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Dry, Wet)
• By Component (Hardware, Software, Services)
• By End User (Power, Metals, Cement, Chemicals, Media)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles General Electric, Mitsubishi Hitachi Power Systems, Siemens, Amec Foster Wheeler, Babcock & Wilcox, Thermax Global, Ducon Technologies (US), Fujian Longking, Hamon Group, Trion
Key Drivers • Has a huge potential in reduction of SO3 (Sulphur trioxide) emissions from power plants is driving the market to its growth.
• Growing demand for high-efficiency electrostatic precipitators due to low maintenance cost, high collection efficiency, and low operating cost.
Restraints • ESPs are energy-efficient compared to other pollution control technologies but in regions with high electricity costs, the ongoing operational expense can be a drawback which might hinder the companies in adoption of ESP’s.
• Limited applicability in specific applications might bring restraint in the growth.

Frequently Asked Questions

The Electrostatic Precipitator Market is expected to grow at 7.63% CAGR from 2024 to 2031

According to our analysis, the Electrostatic Precipitator Market is anticipated to reach USD 12.98 billion By 2031. 

In order to comprehend the prevailing prospects and prospective investment areas, it outlines the present electrostatic precipitator market trends and future projections from 2022 to 2030. Additionally, the region's key nations have been mapped in accordance with their individual contributions to the regional market in terms of income.

The leading participants the General Electric, Mitsubishi Hitachi Power Systems, Siemens, Amec Foster Wheeler, Babcock & Wilcox, and Thermax Global.

Yes, you may request customization based on your company's needs.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Electrostatic Precipitator Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Dry
9.4 Wet

10. Electrostatic Precipitator Market Segmentation, By Component
10.1 Introduction
10.2 Trend Analysis
10.3 Hardware
10.4 Software
10.5 Services

11. Electrostatic Precipitator Market Segmentation, By End User
11.1 Introduction
11.3 Trend Analysis
11.3 Power
11.4 Metals
11.5 Cement
11.6 Chemicals
11.7 Media

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Electrostatic Precipitator Market, By Country
12.2.3 North America Electrostatic Precipitator Market, By Type
12.2.4 North America Electrostatic Precipitator Market, By Component
12.2.5 North America Electrostatic Precipitator Market, By End User
12.2.6 USA
12.2.6.1 USA Electrostatic Precipitator Market, By Type
12.2.6.2 USA Electrostatic Precipitator Market, By Component
12.2.6.3 USA Electrostatic Precipitator Market, By End User
12.2.7 Canada
12.2.7.1 Canada Electrostatic Precipitator Market, By Type
12.2.7.2 Canada Electrostatic Precipitator Market, By Component
12.2.7.3 Canada Electrostatic Precipitator Market, By End User
12.2.8 Mexico
12.2.8.1 Mexico Electrostatic Precipitator Market, By Type
12.2.8.2 Mexico Electrostatic Precipitator Market, By Component
12.2.8.3 Mexico Electrostatic Precipitator Market, By End User
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Electrostatic Precipitator Market, By Country
12.3.2.2 Eastern Europe Electrostatic Precipitator Market, By Type
12.3.2.3 Eastern Europe Electrostatic Precipitator Market, By Component
12.3.2.4 Eastern Europe Electrostatic Precipitator Market, By End User
12.3.2.5 Poland
12.3.2.5.1 Poland Electrostatic Precipitator Market, By Type
12.3.2.5.2 Poland Electrostatic Precipitator Market, By Component
12.3.2.5.3 Poland Electrostatic Precipitator Market, By End User
12.3.2.6 Romania
12.3.2.6.1 Romania Electrostatic Precipitator Market, By Type
12.3.2.6.2 Romania Electrostatic Precipitator Market, By Component
12.3.2.6.4 Romania Electrostatic Precipitator Market, By End User
12.3.2.7 Hungary
12.3.2.7.1 Hungary Electrostatic Precipitator Market, By Type
12.3.2.7.2 Hungary Electrostatic Precipitator Market, By Component
12.3.2.7.3 Hungary Electrostatic Precipitator Market, By End User
12.3.2.8 Turkey
12.3.2.8.1 Turkey Electrostatic Precipitator Market, By Type
12.3.2.8.2 Turkey Electrostatic Precipitator Market, By Component
12.3.2.8.3 Turkey Electrostatic Precipitator Market, By End User
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Electrostatic Precipitator Market, By Type
12.3.2.9.2 Rest of Eastern Europe Electrostatic Precipitator Market, By Component
12.3.2.9.3 Rest of Eastern Europe Electrostatic Precipitator Market, By End User
12.3.3 Western Europe
12.3.3.1 Western Europe Electrostatic Precipitator Market, By Country
12.3.3.2 Western Europe Electrostatic Precipitator Market, By Type
12.3.3.3 Western Europe Electrostatic Precipitator Market, By Component
12.3.3.4 Western Europe Electrostatic Precipitator Market, By End User
12.3.3.5 Germany
12.3.3.5.1 Germany Electrostatic Precipitator Market, By Type
12.3.3.5.2 Germany Electrostatic Precipitator Market, By Component
12.3.3.5.3 Germany Electrostatic Precipitator Market, By End User
12.3.3.6 France
12.3.3.6.1 France Electrostatic Precipitator Market, By Type
12.3.3.6.2 France Electrostatic Precipitator Market, By Component
12.3.3.6.3 France Electrostatic Precipitator Market, By End User
12.3.3.7 UK
12.3.3.7.1 UK Electrostatic Precipitator Market, By Type
12.3.3.7.2 UK Electrostatic Precipitator Market, By Component
12.3.3.7.3 UK Electrostatic Precipitator Market, By End User
12.3.3.8 Italy
12.3.3.8.1 Italy Electrostatic Precipitator Market, By Type
12.3.3.8.2 Italy Electrostatic Precipitator Market, By Component
12.3.3.8.3 Italy Electrostatic Precipitator Market, By End User
12.3.3.9 Spain
12.3.3.9.1 Spain Electrostatic Precipitator Market, By Type
12.3.3.9.2 Spain Electrostatic Precipitator Market, By Component
12.3.3.9.3 Spain Electrostatic Precipitator Market, By End User
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Electrostatic Precipitator Market, By Type
12.3.3.10.2 Netherlands Electrostatic Precipitator Market, By Component
12.3.3.10.3 Netherlands Electrostatic Precipitator Market, By End User
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Electrostatic Precipitator Market, By Type
12.3.3.11.2 Switzerland Electrostatic Precipitator Market, By Component
12.3.3.11.3 Switzerland Electrostatic Precipitator Market, By End User
12.3.3.1.12 Austria
12.3.3.12.1 Austria Electrostatic Precipitator Market, By Type
12.3.3.12.2 Austria Electrostatic Precipitator Market, By Component
12.3.3.12.3 Austria Electrostatic Precipitator Market, By End User
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Electrostatic Precipitator Market, By Type
12.3.3.13.2 Rest of Western Europe Electrostatic Precipitator Market, By Component
12.3.3.13.3 Rest of Western Europe Electrostatic Precipitator Market, By End User
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Electrostatic Precipitator Market, By Country
12.4.3 Asia-Pacific Electrostatic Precipitator Market, By Type
12.4.4 Asia-Pacific Electrostatic Precipitator Market, By Component
12.4.5 Asia-Pacific Electrostatic Precipitator Market, By End User
12.4.6 China
12.4.6.1 China Electrostatic Precipitator Market, By Type
12.4.6.2 China Electrostatic Precipitator Market, By Component
12.4.6.3 China Electrostatic Precipitator Market, By End User
12.4.7 India
12.4.7.1 India Electrostatic Precipitator Market, By Type
12.4.7.2 India Electrostatic Precipitator Market, By Component
12.4.7.3 India Electrostatic Precipitator Market, By End User
12.4.8 Japan
12.4.8.1 Japan Electrostatic Precipitator Market, By Type
12.4.8.2 Japan Electrostatic Precipitator Market, By Component
12.4.8.3 Japan Electrostatic Precipitator Market, By End User
12.4.9 South Korea
12.4.9.1 South Korea Electrostatic Precipitator Market, By Type
12.4.9.2 South Korea Electrostatic Precipitator Market, By Component
12.4.9.3 South Korea Electrostatic Precipitator Market, By End User
12.4.10 Vietnam
12.4.10.1 Vietnam Electrostatic Precipitator Market, By Type
12.4.10.2 Vietnam Electrostatic Precipitator Market, By Component
12.4.10.3 Vietnam Electrostatic Precipitator Market, By End User
12.4.11 Singapore
12.4.11.1 Singapore Electrostatic Precipitator Market, By Type
12.4.11.2 Singapore Electrostatic Precipitator Market, By Component
12.4.11.3 Singapore Electrostatic Precipitator Market, By End User
12.4.12 Australia
12.4.12.1 Australia Electrostatic Precipitator Market, By Type
12.4.12.2 Australia Electrostatic Precipitator Market, By Component
12.4.12.3 Australia Electrostatic Precipitator Market, By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Electrostatic Precipitator Market, By Type
12.4.13.2 Rest of Asia-Pacific Electrostatic Precipitator Market, By Component
12.4.13.3 Rest of Asia-Pacific Electrostatic Precipitator Market, By End User
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Electrostatic Precipitator Market, By Country
12.5.2.2 Middle East Electrostatic Precipitator Market, By Type
12.5.2.3 Middle East Electrostatic Precipitator Market, By Component
12.5.2.4 Middle East Electrostatic Precipitator Market, By End User
12.5.2.5 UAE
12.5.2.5.1 UAE Electrostatic Precipitator Market, By Type
12.5.2.5.2 UAE Electrostatic Precipitator Market, By Component
12.5.2.5.3 UAE Electrostatic Precipitator Market, By End User
12.5.2.6 Egypt
12.5.2.6.1 Egypt Electrostatic Precipitator Market, By Type
12.5.2.6.2 Egypt Electrostatic Precipitator Market, By Component
12.5.2.6.3 Egypt Electrostatic Precipitator Market, By End User
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Electrostatic Precipitator Market, By Type
12.5.2.7.2 Saudi Arabia Electrostatic Precipitator Market, By Component
12.5.2.7.3 Saudi Arabia Electrostatic Precipitator Market, By End User
12.5.2.8 Qatar
12.5.2.8.1 Qatar Electrostatic Precipitator Market, By Type
12.5.2.8.2 Qatar Electrostatic Precipitator Market, By Component
12.5.2.8.3 Qatar Electrostatic Precipitator Market, By End User
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Electrostatic Precipitator Market, By Type
12.5.2.9.2 Rest of Middle East Electrostatic Precipitator Market, By Component
12.5.2.9.3 Rest of Middle East Electrostatic Precipitator Market, By End User
12.5.3 Africa
12.5.3.1 Africa Electrostatic Precipitator Market, By Country
12.5.3.2 Africa Electrostatic Precipitator Market, By Type
12.5.3.3 Africa Electrostatic Precipitator Market, By Component
12.5.3.4 Africa Electrostatic Precipitator Market, By End User
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Electrostatic Precipitator Market, By Type
12.5.3.5.2 Nigeria Electrostatic Precipitator Market, By Component
12.5.3.5.3 Nigeria Electrostatic Precipitator Market, By End User
12.5.3.6 South Africa
12.5.3.6.1 South Africa Electrostatic Precipitator Market, By Type
12.5.3.6.2 South Africa Electrostatic Precipitator Market, By Component
12.5.3.6.3 South Africa Electrostatic Precipitator Market, By End User
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Electrostatic Precipitator Market, By Type
12.5.3.7.2 Rest of Africa Electrostatic Precipitator Market, By Component
12.5.3.7.3 Rest of Africa Electrostatic Precipitator Market, By End User
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Electrostatic Precipitator Market, By country
12.6.3 Latin America Electrostatic Precipitator Market, By Type
12.6.4 Latin America Electrostatic Precipitator Market, By Component
12.6.5 Latin America Electrostatic Precipitator Market, By End User
12.6.6 Brazil
12.6.6.1 Brazil Electrostatic Precipitator Market, By Type
12.6.6.2 Brazil Electrostatic Precipitator Market, By Component
12.6.6.3 Brazil Electrostatic Precipitator Market, By End User
12.6.7 Argentina
12.6.7.1 Argentina Electrostatic Precipitator Market, By Type
12.6.7.2 Argentina Electrostatic Precipitator Market, By Component
12.6.7.3 Argentina Electrostatic Precipitator Market, By End User
12.6.8 Colombia
12.6.8.1 Colombia Electrostatic Precipitator Market, By Type
12.6.8.2 Colombia Electrostatic Precipitator Market, By Component
12.6.8.3 Colombia Electrostatic Precipitator Market, By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Electrostatic Precipitator Market, By Type
12.6.9.2 Rest of Latin America Electrostatic Precipitator Market, By Component
12.6.9.3 Rest of Latin America Electrostatic Precipitator Market, By End User

13. Company Profiles
13.1 General Electric
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Mitsubishi Hitachi Power Systems
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Siemens
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Amec Foster Wheeler
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Babcock & Wilcox
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Thermax Global
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Ducon Technologies
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Fujian Longking
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Hamon Group
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Trion
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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