Market Overview:
The rapidly growing demand for electronic equipment will help to boost global electronic cleaning market in the forecasted period. Electronic cleaning refers to Essential Cleaning for Electronics Assemblies. Cleaning is an essential process within an electronics manufacturer and has been used for many years to remove potentially harmful contaminants during PCB manufacture.
Asia- Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2023 to 2030.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ITW (United States), Electrolube (United Kingdom), ZESTRON (United States), 3M (United States), Cox Industries (United States), Walter Surface Technologies (United States), Chemtools (Australia), Kyzen (United States), Emerson (United States), Honeywell International (United States) and LyondellBasell Industries (Netherlands) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Electronic Cleaning Market Study:
ITW (United States), Electrolube (United Kingdom), ZESTRON (United States), 3M (United States), Cox Industries (United States), Walter Surface Technologies (United States), Chemtools (Australia), Kyzen (United States), Emerson (United States), Honeywell International (United States) and LyondellBasell Industries (Netherlands)
Electronic Cleaning Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Semiconductor, Solar Energy, Opto-electronic, MEMS and Others |
Type | Solvent, Wipes, Safewash Range and Others |
Influencing Trend:
High Usage of Vulnerable Electronics and the Need to Maintain Them Properly and Rapid Growth of Industrial Automation
Market Growth Drivers:
Growing Preference of Consumers towards the Adoption of High-End Electronic Equipment and High Demand in Automotive Industry
Challenges:
High Risk of Damage the Circuits Of Machine
Restraints:
High Cost Associated with Electronic Cleaning
Opportunities:
High demand for Electronics in Emerging Countries and Growing Production of Electronic Goods
Some of the other players that are also part of study are Albemarle Corporation (United States), Miller-Stephenson Chemical Co. (United States) and A. W. Chesterton Company (United States). The Global Electronic Cleaning market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In March 2020,ITW EAE announces a new extended partnership agreement with Testerion (Pty) Ltd South Africa to represent and distribute all ITW EAE equipment including MPM printers, Camalot dispensers, Electrovert soldering systems, and Vitronics Soltec soldering systems throughout South Africa. The agreement becomes effective April 1, 2020.
In January 2023, zvoove Group, the leading provider of digitalization solutions for temporary staffing and cleaning service providers in Europe, acquired start-up company Fortytools. By integrating Fortytools into its existing ERP solution for cleaning service providers, zvoove offers a comprehensive set of features that is unparalleled in the market. This digitalization solution enables cleaning service providers to streamline and automate their entire business processes, covering everything from recruitment to payroll management.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electronic Cleaning market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Electronic Cleaning market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electronic Cleaning Products Manufactures, Suppliers and Distributors, Industry Associations Related to Electronics Cleaning, Government and Private Research Organizations, Government Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.