Spin-On Hydraulic Filter Market, By Application (Agriculture Machinery, Metallurgical, Construction Machinery, and Machine Tools), by Distribution Channel (Original Equipment Manufacturing (OEM) and Aftermarket), and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

  • Published On : Aug 2018 |
  • Pages : 124 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Spin-on Hydraulic Filter Market

Spin-on hydraulic filters are available in four configurations such as single cartridge in-line, in-line with two parallel cartridge on the same axis, in-line with two parallel cartridge mounted side-by-side, and single cartridge flange for installation to the tank cover.  Moreover, spin-on hydraulic filters are easy to service due to the disposable filter cans, which can be replaced by a replacement element. The spin-on hydraulic filters are sized based on the liquid flow passing through the filters at a particular pressure drop. Furthermore, factors such as liquid type, viscosity, and the quality & efficiency of filter media are to be considered while sizing filters.

Market Drivers:

Rapidly increasing vehicle production across the globe leading to rising demand for spin-on hydraulic filters is one of the major factors propelling growth of the spin-on hydraulic filter market. For instance, according to the International Organization of Motor Vehicle Manufacturers’ statistics, in 2016, vehicle production in the world accounted for 97,302,534 units in 2017, as compared to the production in previous year, which was around 94,976,569 units.

Figure: Global Spin-on Hydraulic Filter Market Value (US$ Mn), by Application, 2017

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Agriculture machinery segment is expected to exhibit the highest CAGR over the forecast period (2018-2026)

Among application, agriculture machinery segment is expected to exhibit the highest CAGR by 2025. The spin-on hydraulic filters are used in agriculture machinery to filter hydraulic fluids and lubricating oils in power units. Agriculture equipment, which uses the hydraulic filters takes lubricant consolidation, which consists of fluid filters. A fine mesh suction filter protects hydraulic components from contaminants generated by the gear drives mainly due to the wear on gears, wet brakes, and clutches. The spin-on hydraulic filters in return line ensure the level of oil cleanliness the system requires. These filters aid in high corrosion environments. Moreover, use of these filters in agriculture vehicles benefits in providing absolute filtration of the oil for hydrostatic drive and protection against damages from cavitation under adverse conditions.

Figure: Global Spin-on Hydraulic Filter Market Value (US$ Mn), by Region, 2017

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Aftermarket segment is expected to account for the largest market share by 2026

Among distribution channel, aftermarket segment accounted for the largest share in the global spin-on hydraulic filter market in 2017. As per the data published by the Automotive Aftermarket Products Expo (AAPEX) in 2018, global automotive aftermarket industry accounted for US$ 740 billion with around 1.2 billion units of vehicles on the road. Furthermore, the industry is expected to exhibit annual growth rate of around 3.4% over the forecast period.

The Middle East, Latin America, and Africa regions are expected to exhibit the highest CAGR in the market over the forecast period

The growth of spin-on hydraulic filter market in the Middle East and Africa is attributed to increasing vehicle production. For instance, according to Export.gov (The International Trade Administration (ITA), U.S. Department of Commerce manages Export.gov), Saudi Arabia is the largest market for automotive and auto parts market in the Middle East, accounting for an estimated 40% of all vehicles sold in the region. Moreover, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), vehicle production was 1,515,396 in 2017, which increased by 18.19% from 2016. Therefore, growing vehicle production will increase the demand for spin-on hydraulic filters in this region.

Latin America spin-on hydraulic filter market is witnessing growth due to increasing production of vehicles in this region. For instance, according to the Brazil Nation Association of Automobile Manufacturers Anfavea, the production of cars in Brazil increased by 14.6% in the first three months of 2018, as compared to in 2017, as manufacturers ramped up output to meet growing domestic demand. Therefore, increasing vehicle production is proportionally increasing the demand for spin-on hydraulic filters in this region, thereby boosting growth of the market in this region.

Figure: Global Spin-on Hydraulic Filter Market Value (US$ Mn), by Region, 2017

spin-on hydraulic filter market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

Key companies

Major players operating in the global spin-on hydraulic filter market include Parker Hannifin, Eaton Corporation Plc., Mahle Gmbh, Schroeder Industries, LLC, Yamashin Filter Corp., Bosch Rexroth AG, Donaldson, Baldwin Filters, Inc., Ikrol S.r.l., Cim-Tek Filtration, Olaer Group Limited, Xinxiang Aviation Industry (Group) Co., Ltd., SOFIMA FILTER, OMT SPA, Marion Fluid Power, Wix Filter, Hydac International Gmbh, SMC Corporation, Lenz Inc., HiFi Filter, Filtrec, and EPE Ltdons.

Spin-on hydraulic filter is a low pressure filter used as suction filter for filtering return-line of the hydraulic circuit. These filters are used in three primary functional locations such as return lines, pressure lines, and off-lines. These filters are used to protect individual pumps, valves or the entire hydraulic circuit from contamination of oils, emulsions, and other hydraulic fluids. Moreover, these filters typically consist of head mounted directly in-line with the return piping and a cartridge containing an element that screws onto a threaded post.  

Market Dynamics

Rising demand to reduce carbon footprint is the major factor driving growth of the global spin-on hydraulic filter market. Governments of various countries are focusing on stringent regulations to reduce the carbon footprint and enhance the efficiency of systems and reduce emissions. For instance, the Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of petroleum consumption. It is also focused on reducing greenhouse emissions and promoting development of innovative technologies to increase reliance on renewable and conservation of energy sources. This, in turn, creates a highly conducive environment for growth of the spin-on-hydraulic filter market. However, rising demand for electric vehicles is likely to hamper growth of the spin-on hydraulic filters market in the coming years.

Key features of the study:

  • This report provides in-depth analysis of spin-on hydraulic filter market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018–2025), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global spin-on hydraulic filter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, spin-on hydraulic filter market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Parker Hannifin, Eaton Corporation Plc., Mahle Gmbh, Schroeder Industries, LLC, Yamashin Filter Corp., Bosch Rexroth AG, Donaldson, Baldwin Filters, Inc., Ikrol S.r.l., Cim-Tek Filtration, Olaer Group Limited, Xinxiang Aviation Industry (Group) Co., Ltd., SOFIMA FILTER, OMT SPA, Marion Fluid Power, Wix Filter, Hydac International Gmbh, SMC Corporation, Lenz Inc., HiFi Filter, Filtrec, and EPE Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global spin-on hydraulic filter market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global spin-on hydraulic filter market

Detailed Segmentation:

  • Global Spin-on Hydraulic Filter Market, By Application:
    • Agriculture Machinery
    • Metallurgical
    • Construction Machinery
    • Machine Tools
  • Global Spin-on Hydraulic Filter Market, By Distribution Channel:
    • Original Equipment Manufacturing (OEM)
    • Aftermarket
  • Global  Spin-on Hydraulic Filter Market, By Geography:
    • North America
      • By Application
      • By Distribution Channel
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Application
      • By Distribution Channel
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Application
      • By Distribution Channel
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Application
      • By Distribution Channel
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Application
      • By Distribution Channel
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Application
      • By Distribution Channel
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Parker Hannifin*
      • Spin-on Hydraulic Filter Business Introduction
      • Spin-on Hydraulic Filter Shipments, Price, Revenue, and Gross Profit, 2014-2017
      • Spin-on Hydraulic Filter Business Distribution, by Region
      • Spin-on Hydraulic Filter Business Profile
      • Spin-on Hydraulic Filter Product Specification
      • Recent Developments/Updates
    • Eaton Corporation Plc.
    • Mahle Gmbh
    • Schroeder Industries, LLC
    • Yamashin Filter Corp.
    • Bosch Rexroth AG
    • Donaldson
    • Baldwin Filters, Inc.
    • Ikrol S.r.l.
    • Cim-Tek Filtration
    • Olaer Group Limited
    • Xinxiang Aviation Industry (Group) Co., Ltd.
    • SOFIMA FILTER
    • OMT SPA
    • Marion Fluid Power
    • Wix Filter
    • Hydac International Gmbh
    • SMC Corporation
    • Lenz Inc.
    • HiFi Filter
    • Filtrec
    • EPE Ltd

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Headlight Tester, By Application, 2016–2025  (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Agriculture Machinery
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Metallurgical
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Construction machinery
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Machine tools
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
  5. Global Headlight Tester, By Distribution Channel , 2016–2025  (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Original Equipment Manufacturer (OEM)
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
  6. Global Headlight Tester, By Regions, 2016–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Others
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Others
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Brazil
        • Argentina
        • Mexico
        • Others
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Northern Africa
        • Central Africa
        • South Africa
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Application, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Northern Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Parker Hannifin
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Eaton Corporation Plc
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Mahle Gmbh
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Schroeder Industries, LLC
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Yamashin Filter Corp.
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Bosch Rexroth AG
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Donaldson
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Baldwin Filters, Inc.
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Ikrol S.r.l.
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Cim-Tek Filtration
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Olaer Group Limited
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Xinxiang Aviation Industry (Group) Co., Ltd.
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • SOFIMA FILTER
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • OMT SPA
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Marion Fluid Power
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Wix Filter
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Hydac International Gmbh
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • SMC Corporation
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Lenz Inc.
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • HiFi Filter
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • Filtrec
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
      • EPE Ltd
        • Spin-on Hydraulic Filter Business Introduction
        • Spin-on Hydraulic Filter Shipments, Price, Revenue and Gross profit 2014-2017
        • Spin-on Hydraulic Filter Business Distribution by Region
        • Spin-on Hydraulic Filter Business Profile
        • Spin-on Hydraulic Filter Product Specification
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Headlight Tester - Global forecast to 2025”.

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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