Philippines Industrial Water and Waste Water Treatment market: It is defined as the total value of projects announced for construction of industrial water and waste water treatment plants. It includes the EPC contracts, Operation and maintenance, capacity addition and upgradation and equipment sales. It excludes the revenue generated by Filipino firms executing overseas contracts as well as sewage treatment and municipal water treatment.
Philippines Operation and Maintenance Market: It is defined as the revenue generated by providing third party operation and maintenance service for water and waste water treatment in various private and government industry. It includes the cost of labour supply, chemicals and other expenses covered as part of tender. It excludes the cost of treatment done by companies themselves.
Philippines EPC market for Industrial water and Waste Water Treatment: It includes the total value of projects allocated in a particular year for construction of new plants, upgradation of existing plants and capacity addition. It includes the cost of engineering, construction, material supply and commissioning. It includes all industrial wastewater treatment facilities. It excludes the water treatment projects for municipal and sewage treatment.
Philippines Industrial Water Treatment Equipment Market: It is defines as the total price paid by EPC contractors to OEMs and material suppliers in industrial water and waste water treatment for supply of equipments to be installed and consumed while construction of all industrial wastewater treatment facilities.
Research Methodology - Consolidated Research Approach
Hypothesis Creation: The research team has first framed a hypothesis about the market through analysis of existing industry factors obtained from magazines, journals, broker reports, investor presentations and annual reports of major companies, Department of Environment and Natural Resources, Department of Health, WQMA board and others.
Hypothesis Testing: The research team conducted computer assisted telephonic interview (CATI) with several industry professionals including decision makers in EPC and Equipment manufacturing companies. The industry professionals included several management executives, and other higher level authorities. Structured interviews were conducted through telecom with several industry veterans including major decision makers from Avante Verde Corporation, ESTII, DM Consunji, ELS Clean Tech Concept Corp. and others. The analyst at Ken Research collated their insights on the market onboard and to seek justification to the hypothesis framed by the team.
Sanity Checking @ Decision Tree Analysis: Data has been collected and verified through cross-sanity checking the opinion and facts received from interview with the hypotheses framed from public databases. The team has verified the data by conducting both bottom-to-top and top-to-bottom analysis.
Future Forecasting via Poll Opinions and Statistical Tools: Multi-Factor regression was conducted on the lag variables by identifying the independent and quantifiable variables directly affecting the market. The forecasting was done by using SPSS statistical tools. The variables were checked for multi-co-linearity and other bias that could be present in the model. The conclusion from the regression was then double-checked by conducting poll opinions. The final decision regarding forecast was taken by assigning weighted average to various methods of forecasting.
Interpretation and Proofreading: The final analysis will then be interpreted in the research report by our expert team well versed with the Water Industry.
Research Methodology - Market Sizing and Limitation – Water and Waste Water Treatment Market
Initially, we identified all major EPC and equipment supplier water treatment companies operating in the market. We then collated the order intake for current year based on value of projects announced. This helped us in sanity checking the current market size provided by industry veterans.
We also collated the information for entire water treatment industry size including Sewage treatment, Municipal supply and industrial water treatment and then interviewed industry professionals to seek their expert opinion on contribution of industrial water and waste water treatment.
Limitation:
It can happen that some of the projects may get caught up in legal battle or protest from local bodies which can either delay the project or may even stop the project. It is also possible that company exit the projects due to some technical or financial issue.
Many times, it may happen that SMEs may either discharge the effluent directly into the river or in open or may supply it to CETPs after primary treatment even though they have their own ETPs leading to cut the cost. Other than this it is also possible that ETPs and CETPs may not run at their full potential all the time.
It might be possible that some companies may have included equipment supply or construction cost in their order book and other EPC players may have included the cost in their EPC contract which may lead to over reporting or overestimation of the market.
Research Methodology - Variables (Dependent and Independent)
Size of Food and Beverages Industry: This sector is poised to emerge as the largest contributor to the industrial water and waste water treatment business in the coming years.
Size of Semiconductor Industry: As the current largest contributor to the market of industrial water and waste water treatment business in Philippines due to high requirement of high quality of water the industry has a major role in the overall business.
Size of Chemicals industry: Chemical industry is the major contributor of waste water in Philippines and has direct impact on the industrial water treatment market as chemicals industry will continue to demand high volumes of industrial water and ensure waste water treatment due to strict compliances set for the industry.
Forecast Modeling:
The report applies Correlation and Regression analysis methods to forecast the future of the Industrial water and waste water treatment market. The capabilities of SPSS and predictive analytics software have been leveraged to determine the relevant indicators used for forecasting this industry.
In the present case, water and waste water treatment market revenue has been taken as the dependent variable and other variables such as Size of Food and Beverages industry, size of Semiconductor industry and size of Chemicals industry have been taken as independent variables.
Research Methodology – Philippines Industrial Water and Waste Water Treatment Market Correlation Matrix
Research Methodology – Philippines Industrial Water and Waste Water Treatment Market Regression Matrix
A multiple regression model has been used through SPSS statistical tool that analyzes the multiple correlation coefficients, R, its square, and an adjusted version of this coefficient as summary measures of model fit. Further, R-Square is used to explain the validity of the independent variables. R Square, also known as the coefficient of determination, represents the proportion of total variation in the dependent variable explained by the variation in the independent factors.
Applying multiple regression analysis to a set of data leads to regression coefficients, one for each explanatory variable. These coefficients give an estimated change in the response variable associated with a unit change in the corresponding explanatory variable, conditional on the other explanatory variables remaining constant
- Overview of Philippines Water Treatment Industry
- Philippines Water and Waste Water Treatment Market Overview
- Philippines Industrial Water and Waste Water Treatment Market
- Philippines Water and Waste Water Treatment Market – EPC and O&M Contracts
- Value Chain, Payment System and Ecosystem in Philippines Industrial Water and Waste Water Treatment Market
- Philippines Industrial Water and Waste Water Treatment Market
- Overview
Philippines Industrial Water and Waste Water Treatment Market Segmentation by Industry by Order Intake, 2017
- Industry Participants, Classification of Players, Major Players in Philippines Industrial Water and Waste Water Treatment Market
- Competition Scenario in Philippines Industrial Water and Waste Water Treatment Market
- Comparative Analysis of Major EPC Companies
For more information on the research report, refer to below link:
Related Reports
The report is useful for equipment manufacturers, water treatment consumable manufacturers and suppliers, environmental associations, EPC companies and potential entrants and other stakeholders to align their market centric strategies
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