Electric vehicle battery or traction battery power the propulsion of battery electric vehicles in the market. It uses chemical energy stored in rechargeable battery packs for power; and therefore, does not require any combustion engine for propulsion. These batteries reach a point called end of life and after this are replaced with a new one. The valuable materials within each of these batteries, which reach end of life, can be recovered and recycled to optimize the use of finite metal resources. Aluminum, cobalt, nickel, lithium, and other types of metals can be recovered from these batteries, which reach end of the life.
MARKET DYNAMICS
The EV battery reuse market is anticipated to witness growth on account of rising energy demand across the globe. The technology finds its applications across energy storage, base stations, low speed vehicles and EV charging stations. Growing concerns toward energy security coupled with cost saving potential will positively compliment the adoption of EV battery reuse over the forecast period.
MARKET SCOPE
The ˜Global EV Battery Reuse Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the EV battery reuse market with detailed market segmentation by type, source, processing state, and application. The global EV battery reuse market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EV battery reuse market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global EV battery reuse market can be segmented into:
1. By Type: The market can be segmented into Lead-Acid, Lithium-Based, Nickel-Based, And Others.
2. By Source: By source, the market can be bifurcated into Automotive, Consumer Electronics, and Industrial Batteries.
3. By Processing State: By processing, the market is segmented into the Extraction of Material, Reuse, Packaging and Second Life, and Disposal.
4. By Application: By application, the market is segmented into EV Charging, Battery Storage, Base Station, and Low-Speed Vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The EV battery reuse market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the EV battery reuse market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the EV battery reuse market in these regions.
IMPACT OF COVID 19
The COVID-19 pandemic had very little impact on the electric vehicle industry as the most important market. China started growing after the first two months of 2021, and even Tesla was able to continue its production throughout the pandemic. The concerns regarding the negative effect of climate change and the growing carbon emission in major cities have created a significant demand for electric vehicles.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The EV battery reuse market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the EV battery reuse market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the EV battery reuse market in these regions.
IMPACT OF COVID 19
The COVID-19 pandemic had very little impact on the electric vehicle industry as the most important market. China started growing after the first two months of 2021, and even Tesla was able to continue its production throughout the pandemic. The concerns regarding the negative effect of climate change and the growing carbon emission in major cities have created a significant demand for electric vehicles.
MARKET PLAYERS
The report covers vital developments in the EV battery reuse market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the EV battery reuse market are anticipated to have lucrative growth opportunities in the future with the rising demand for EV battery reuse in the global market. Below mentioned is the list of a few companies engaged in the EV battery reuse market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the EV battery reuse market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- American Manganese Inc.
- BAIC Motor Corporation Limited
- Energus Power Solutions, Ltd.
- Global Battery Solutions
- LG Chem, Ltd.
- Lithium Werks
- Mitsubishi Electric
- Retriev technologies
- Samsung SDI Co.
- Toyota Motor Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1EV Battery Reuse Market - By Type
1.3.2EV Battery Reuse Market - By Source
1.3.3EV Battery Reuse Market - By Processing State
1.3.4EV Battery Reuse Market - By Application
1.3.5EV Battery Reuse Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.EV BATTERY REUSE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.EV BATTERY REUSE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.EV BATTERY REUSE MARKET - GLOBAL MARKET ANALYSIS
6.1.EV BATTERY REUSE - GLOBAL MARKET OVERVIEW
6.2.EV BATTERY REUSE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.EV BATTERY REUSE MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.LEAD-ACID
7.3.1.Overview
7.3.2.Lead-Acid Market Forecast and Analysis
7.4.LITHIUM-BASED
7.4.1.Overview
7.4.2.Lithium-Based Market Forecast and Analysis
7.5.NICKEL-BASED
7.5.1.Overview
7.5.2.Nickel-Based Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.EV BATTERY REUSE MARKET - REVENUE AND FORECASTS TO 2028 " SOURCE
8.1.OVERVIEW
8.2.SOURCE MARKET FORECASTS AND ANALYSIS
8.3.AUTOMOTIVE
8.3.1.Overview
8.3.2.Automotive Market Forecast and Analysis
8.4.CONSUMER ELECTRONICS
8.4.1.Overview
8.4.2.Consumer Electronics Market Forecast and Analysis
8.5.INDUSTRIAL BATTERIES
8.5.1.Overview
8.5.2.Industrial Batteries Market Forecast and Analysis
9.EV BATTERY REUSE MARKET - REVENUE AND FORECASTS TO 2028 " PROCESSING STATE
9.1.OVERVIEW
9.2.PROCESSING STATE MARKET FORECASTS AND ANALYSIS
9.3.EXTRACTION OF MATERIAL
9.3.1.Overview
9.3.2.Extraction of Material Market Forecast and Analysis
9.4.REUSE
9.4.1.Overview
9.4.2.Reuse Market Forecast and Analysis
9.5.PACKAGING AND SECOND LIFE
9.5.1.Overview
9.5.2.Packaging and Second Life Market Forecast and Analysis
9.6.DISPOSAL.
9.6.1.Overview
9.6.2.Disposal. Market Forecast and Analysis
10.EV BATTERY REUSE MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.EV CHARGING
10.3.1.Overview
10.3.2.EV Charging Market Forecast and Analysis
10.4.BATTERY STORAGE
10.4.1.Overview
10.4.2.Battery Storage Market Forecast and Analysis
10.5.BASE STATION
10.5.1.Overview
10.5.2.Base Station Market Forecast and Analysis
10.6.LOW-SPEED VEHICLES.
10.6.1.Overview
10.6.2.Low-Speed Vehicles. Market Forecast and Analysis
11.EV BATTERY REUSE MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America EV Battery Reuse Market Overview
11.1.2North America EV Battery Reuse Market Forecasts and Analysis
11.1.3North America EV Battery Reuse Market Forecasts and Analysis - By Type
11.1.4North America EV Battery Reuse Market Forecasts and Analysis - By Source
11.1.5North America EV Battery Reuse Market Forecasts and Analysis - By Processing State
11.1.6North America EV Battery Reuse Market Forecasts and Analysis - By Application
11.1.7North America EV Battery Reuse Market Forecasts and Analysis - By Countries
11.1.7.1United States EV Battery Reuse Market
11.1.7.1.1United States EV Battery Reuse Market by Type
11.1.7.1.2United States EV Battery Reuse Market by Source
11.1.7.1.3United States EV Battery Reuse Market by Processing State
11.1.7.1.4United States EV Battery Reuse Market by Application
11.1.7.2Canada EV Battery Reuse Market
11.1.7.2.1Canada EV Battery Reuse Market by Type
11.1.7.2.2Canada EV Battery Reuse Market by Source
11.1.7.2.3Canada EV Battery Reuse Market by Processing State
11.1.7.2.4Canada EV Battery Reuse Market by Application
11.1.7.3Mexico EV Battery Reuse Market
11.1.7.3.1Mexico EV Battery Reuse Market by Type
11.1.7.3.2Mexico EV Battery Reuse Market by Source
11.1.7.3.3Mexico EV Battery Reuse Market by Processing State
11.1.7.3.4Mexico EV Battery Reuse Market by Application
11.2.EUROPE
11.2.1Europe EV Battery Reuse Market Overview
11.2.2Europe EV Battery Reuse Market Forecasts and Analysis
11.2.3Europe EV Battery Reuse Market Forecasts and Analysis - By Type
11.2.4Europe EV Battery Reuse Market Forecasts and Analysis - By Source
11.2.5Europe EV Battery Reuse Market Forecasts and Analysis - By Processing State
11.2.6Europe EV Battery Reuse Market Forecasts and Analysis - By Application
11.2.7Europe EV Battery Reuse Market Forecasts and Analysis - By Countries
11.2.7.1Germany EV Battery Reuse Market
11.2.7.1.1Germany EV Battery Reuse Market by Type
11.2.7.1.2Germany EV Battery Reuse Market by Source
11.2.7.1.3Germany EV Battery Reuse Market by Processing State
11.2.7.1.4Germany EV Battery Reuse Market by Application
11.2.7.2France EV Battery Reuse Market
11.2.7.2.1France EV Battery Reuse Market by Type
11.2.7.2.2France EV Battery Reuse Market by Source
11.2.7.2.3France EV Battery Reuse Market by Processing State
11.2.7.2.4France EV Battery Reuse Market by Application
11.2.7.3Italy EV Battery Reuse Market
11.2.7.3.1Italy EV Battery Reuse Market by Type
11.2.7.3.2Italy EV Battery Reuse Market by Source
11.2.7.3.3Italy EV Battery Reuse Market by Processing State
11.2.7.3.4Italy EV Battery Reuse Market by Application
11.2.7.4Spain EV Battery Reuse Market
11.2.7.4.1Spain EV Battery Reuse Market by Type
11.2.7.4.2Spain EV Battery Reuse Market by Source
11.2.7.4.3Spain EV Battery Reuse Market by Processing State
11.2.7.4.4Spain EV Battery Reuse Market by Application
11.2.7.5United Kingdom EV Battery Reuse Market
11.2.7.5.1United Kingdom EV Battery Reuse Market by Type
11.2.7.5.2United Kingdom EV Battery Reuse Market by Source
11.2.7.5.3United Kingdom EV Battery Reuse Market by Processing State
11.2.7.5.4United Kingdom EV Battery Reuse Market by Application
11.2.7.6Russia EV Battery Reuse Market
11.2.7.6.1Russia EV Battery Reuse Market by Type
11.2.7.6.2Russia EV Battery Reuse Market by Source
11.2.7.6.3Russia EV Battery Reuse Market by Processing State
11.2.7.6.4Russia EV Battery Reuse Market by Application
11.2.7.7Rest of Europe EV Battery Reuse Market
11.2.7.7.1Rest of Europe EV Battery Reuse Market by Type
11.2.7.7.2Rest of Europe EV Battery Reuse Market by Source
11.2.7.7.3Rest of Europe EV Battery Reuse Market by Processing State
11.2.7.7.4Rest of Europe EV Battery Reuse Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific EV Battery Reuse Market Overview
11.3.2Asia-Pacific EV Battery Reuse Market Forecasts and Analysis
11.3.3Asia-Pacific EV Battery Reuse Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific EV Battery Reuse Market Forecasts and Analysis - By Source
11.3.5Asia-Pacific EV Battery Reuse Market Forecasts and Analysis - By Processing State
11.3.6Asia-Pacific EV Battery Reuse Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific EV Battery Reuse Market Forecasts and Analysis - By Countries
11.3.7.1Australia EV Battery Reuse Market
11.3.7.1.1Australia EV Battery Reuse Market by Type
11.3.7.1.2Australia EV Battery Reuse Market by Source
11.3.7.1.3Australia EV Battery Reuse Market by Processing State
11.3.7.1.4Australia EV Battery Reuse Market by Application
11.3.7.2China EV Battery Reuse Market
11.3.7.2.1China EV Battery Reuse Market by Type
11.3.7.2.2China EV Battery Reuse Market by Source
11.3.7.2.3China EV Battery Reuse Market by Processing State
11.3.7.2.4China EV Battery Reuse Market by Application
11.3.7.3India EV Battery Reuse Market
11.3.7.3.1India EV Battery Reuse Market by Type
11.3.7.3.2India EV Battery Reuse Market by Source
11.3.7.3.3India EV Battery Reuse Market by Processing State
11.3.7.3.4India EV Battery Reuse Market by Application
11.3.7.4Japan EV Battery Reuse Market
11.3.7.4.1Japan EV Battery Reuse Market by Type
11.3.7.4.2Japan EV Battery Reuse Market by Source
11.3.7.4.3Japan EV Battery Reuse Market by Processing State
11.3.7.4.4Japan EV Battery Reuse Market by Application
11.3.7.5South Korea EV Battery Reuse Market
11.3.7.5.1South Korea EV Battery Reuse Market by Type
11.3.7.5.2South Korea EV Battery Reuse Market by Source
11.3.7.5.3South Korea EV Battery Reuse Market by Processing State
11.3.7.5.4South Korea EV Battery Reuse Market by Application
11.3.7.6Rest of Asia-Pacific EV Battery Reuse Market
11.3.7.6.1Rest of Asia-Pacific EV Battery Reuse Market by Type
11.3.7.6.2Rest of Asia-Pacific EV Battery Reuse Market by Source
11.3.7.6.3Rest of Asia-Pacific EV Battery Reuse Market by Processing State
11.3.7.6.4Rest of Asia-Pacific EV Battery Reuse Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa EV Battery Reuse Market Overview
11.4.2Middle East and Africa EV Battery Reuse Market Forecasts and Analysis
11.4.3Middle East and Africa EV Battery Reuse Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa EV Battery Reuse Market Forecasts and Analysis - By Source
11.4.5Middle East and Africa EV Battery Reuse Market Forecasts and Analysis - By Processing State
11.4.6Middle East and Africa EV Battery Reuse Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa EV Battery Reuse Market Forecasts and Analysis - By Countries
11.4.7.1South Africa EV Battery Reuse Market
11.4.7.1.1South Africa EV Battery Reuse Market by Type
11.4.7.1.2South Africa EV Battery Reuse Market by Source
11.4.7.1.3South Africa EV Battery Reuse Market by Processing State
11.4.7.1.4South Africa EV Battery Reuse Market by Application
11.4.7.2Saudi Arabia EV Battery Reuse Market
11.4.7.2.1Saudi Arabia EV Battery Reuse Market by Type
11.4.7.2.2Saudi Arabia EV Battery Reuse Market by Source
11.4.7.2.3Saudi Arabia EV Battery Reuse Market by Processing State
11.4.7.2.4Saudi Arabia EV Battery Reuse Market by Application
11.4.7.3U.A.E EV Battery Reuse Market
11.4.7.3.1U.A.E EV Battery Reuse Market by Type
11.4.7.3.2U.A.E EV Battery Reuse Market by Source
11.4.7.3.3U.A.E EV Battery Reuse Market by Processing State
11.4.7.3.4U.A.E EV Battery Reuse Market by Application
11.4.7.4Rest of Middle East and Africa EV Battery Reuse Market
11.4.7.4.1Rest of Middle East and Africa EV Battery Reuse Market by Type
11.4.7.4.2Rest of Middle East and Africa EV Battery Reuse Market by Source
11.4.7.4.3Rest of Middle East and Africa EV Battery Reuse Market by Processing State
11.4.7.4.4Rest of Middle East and Africa EV Battery Reuse Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America EV Battery Reuse Market Overview
11.5.2South and Central America EV Battery Reuse Market Forecasts and Analysis
11.5.3South and Central America EV Battery Reuse Market Forecasts and Analysis - By Type
11.5.4South and Central America EV Battery Reuse Market Forecasts and Analysis - By Source
11.5.5South and Central America EV Battery Reuse Market Forecasts and Analysis - By Processing State
11.5.6South and Central America EV Battery Reuse Market Forecasts and Analysis - By Application
11.5.7South and Central America EV Battery Reuse Market Forecasts and Analysis - By Countries
11.5.7.1Brazil EV Battery Reuse Market
11.5.7.1.1Brazil EV Battery Reuse Market by Type
11.5.7.1.2Brazil EV Battery Reuse Market by Source
11.5.7.1.3Brazil EV Battery Reuse Market by Processing State
11.5.7.1.4Brazil EV Battery Reuse Market by Application
11.5.7.2Argentina EV Battery Reuse Market
11.5.7.2.1Argentina EV Battery Reuse Market by Type
11.5.7.2.2Argentina EV Battery Reuse Market by Source
11.5.7.2.3Argentina EV Battery Reuse Market by Processing State
11.5.7.2.4Argentina EV Battery Reuse Market by Application
11.5.7.3Rest of South and Central America EV Battery Reuse Market
11.5.7.3.1Rest of South and Central America EV Battery Reuse Market by Type
11.5.7.3.2Rest of South and Central America EV Battery Reuse Market by Source
11.5.7.3.3Rest of South and Central America EV Battery Reuse Market by Processing State
11.5.7.3.4Rest of South and Central America EV Battery Reuse Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.EV BATTERY REUSE MARKET, KEY COMPANY PROFILES
13.1.AMERICAN MANGANESE INC.
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BAIC MOTOR CORPORATION LIMITED
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.ENERGUS POWER SOLUTIONS, LTD.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.GLOBAL BATTERY SOLUTIONS
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.LG CHEM, LTD.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.LITHIUM WERKS
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.MITSUBISHI ELECTRIC
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.RETRIEV TECHNOLOGIES
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.SAMSUNG SDI CO.
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.TOYOTA MOTOR CORPORATION
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.American Manganese Inc.
2.BAIC Motor Corporation Limited
3.Energus Power Solutions, Ltd.
4.Global Battery Solutions
5.LG Chem, Ltd.
6.Lithium Werks
7.Mitsubishi Electric
8.Retriev technologies
9.Samsung SDI Co.
10.Toyota Motor Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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