The Instrumentation Valves and Fittings Market is expected to register a CAGR of 4.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Instrumentation Valves and Fittings Market covers analysis by Product Type (Fittings, Valves, Pneumatic Actuators, Others); By Material (Stainless Steel, Alloy, Cast Iron, Others); Industry Vertical (Energy and Power, Healthcare, Oil and Gas, Food and Beverages, Chemicals, Others) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Purpose of the ReportThe report Instrumentation Valves and Fittings Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Instrumentation Valves and Fittings Market Segmentation
Product Type- Fittings
- Valves
- Pneumatic Actuators
- Others;
- Stainless Steel
- Alloy
- Cast Iron
- Others
- Energy and Power
- Healthcare
- Oil and Gas
- Food and Beverages
- Chemicals
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Instrumentation Valves and Fittings Market Growth Drivers- Rapid Expansion of the Oil and Gas Sector: The market for instrumentation valves and fittings tends to be primarily driven by the oil and gas sector. There is always a need for reliable and high-performance valves and fittings in the oil and gas industry to ensure the safe and efficient transportation of fluids and gases, owing to continuous exploration and production activities.
- Rising Demand for Industrial Automation and Process Control Across Various Sectors: Rising demand for industrial automation in various sectors including food and beverages, chemical, automotive and many others is driving demand for instrumentation valves and fittings. Instrumentation valves and fittings are pivotal components to be used in achieving exact control and monitoring of the process. These end-use industries include chemicals, food and beverages, and healthcare industries.
- Technological Advancements: Valves and fitting technologies have been continually advancing in order to make instrumentation products more performance- and reliability-based. Such new technologies as automated control systems, smart valves, and improved materials make instrumentation valves and fittings more efficient and durable. These technological advances, while enhancing operational efficiency, attract end-users seeking modern solutions that cater to their specific requirements and are thus propelling the growth of the market.
- Rapid demand in Healthcare and Pharmaceuticals Industry:There is a high demand in instrumentation valves and fittings from the healthcare and pharmaceuticals sectors. The COVID-19 pandemic has increased the utilization of such critical components, which represents an opportunity to innovate and design specialized products for the industry.
- Inclination towards customized instrumentation valves and fittings: Customization of instrumentation valves and fittings with specific customer needs and the demand from the industry is increasingly coming forward. Manufacturers are now offering tailored solutions with applications, such as in high-pressure, high-temperature, and corrosive environment, so that companies can make specific products that improve performance and reliability to strengthen their competitive positions in the market.
- Rapid Technological Advancement: Introducing advanced technologies in the instrumentation valves and fittings market has been observed which creates significant opportunity for the market growth. Companies have gained a level of focus upon developing new products enhancing performance, reliability, and efficiency so that product portfolios are most suitable according to the needs of different industries.
- Potential in Emerging Markets: The growth opportunities in emerging markets appear immense as the industrial sector of these markets is growing. Once the infrastructure and industries develop here, the demand for instrumentation valves and fittings will increase substantially, creating a vast market opportunity for the manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Instrumentation Valves and Fittings Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Instrumentation Valves and Fittings Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players in the market includes Alco Valves Group, Braeco Sales, Bray International Inc., CIRCOR International Inc., CPV Manufacturing, Dk Lok Corp., Dover Corp., Dwyer Instruments LLC, Parker Hannifin Corp., Emerson Electric Co., FITOK Group, Fujikin Co. Ltd., Hy Lok Corp., Larsen and Toubro Ltd., Oliver Valves Ltd.
The Instrumentation Valves and Fittings Market is estimated to witness a CAGR of 4.5% from 2023 to 2031
High manufacturing costs of the Instrumentation Valves and Fittings hinders the market growth.
The major factors driving the Instrumentation Valves and Fittings market are: Increasing industrialzation with growing urban population across the gloe drives the market growth.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Instrumentation Valves And Fittings Market - By Product Type
1.3.2 Instrumentation Valves And Fittings Market - By Industry Vertical
1.3.3 Instrumentation Valves And Fittings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INSTRUMENTATION VALVES AND FITTINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INSTRUMENTATION VALVES AND FITTINGS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INSTRUMENTATION VALVES AND FITTINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. INSTRUMENTATION VALVES AND FITTINGS - GLOBAL MARKET OVERVIEW
6.2. INSTRUMENTATION VALVES AND FITTINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INSTRUMENTATION VALVES AND FITTINGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FITTINGS
7.3.1. Overview
7.3.2. Fittings Market Forecast and Analysis
7.4. VALVES
7.4.1. Overview
7.4.2. Valves Market Forecast and Analysis
7.5. PNEUMATIC ACTUATORS
7.5.1. Overview
7.5.2. Pneumatic Actuators Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. INSTRUMENTATION VALVES AND FITTINGS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. ENERGY AND POWER
8.3.1. Overview
8.3.2. Energy and Power Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. FOOD AND BEVERAGES
8.6.1. Overview
8.6.2. Food and Beverages Market Forecast and Analysis
8.7. CHEMICALS
8.7.1. Overview
8.7.2. Chemicals Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. INSTRUMENTATION VALVES AND FITTINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Instrumentation Valves And Fittings Market Overview
9.1.2 North America Instrumentation Valves And Fittings Market Forecasts and Analysis
9.1.3 North America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Product Type
9.1.4 North America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Instrumentation Valves And Fittings Market
9.1.5.1.1 United States Instrumentation Valves And Fittings Market by Product Type
9.1.5.1.2 United States Instrumentation Valves And Fittings Market by Industry Vertical
9.1.5.2 Canada Instrumentation Valves And Fittings Market
9.1.5.2.1 Canada Instrumentation Valves And Fittings Market by Product Type
9.1.5.2.2 Canada Instrumentation Valves And Fittings Market by Industry Vertical
9.1.5.3 Mexico Instrumentation Valves And Fittings Market
9.1.5.3.1 Mexico Instrumentation Valves And Fittings Market by Product Type
9.1.5.3.2 Mexico Instrumentation Valves And Fittings Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Instrumentation Valves And Fittings Market Overview
9.2.2 Europe Instrumentation Valves And Fittings Market Forecasts and Analysis
9.2.3 Europe Instrumentation Valves And Fittings Market Forecasts and Analysis - By Product Type
9.2.4 Europe Instrumentation Valves And Fittings Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Instrumentation Valves And Fittings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Instrumentation Valves And Fittings Market
9.2.5.1.1 Germany Instrumentation Valves And Fittings Market by Product Type
9.2.5.1.2 Germany Instrumentation Valves And Fittings Market by Industry Vertical
9.2.5.2 France Instrumentation Valves And Fittings Market
9.2.5.2.1 France Instrumentation Valves And Fittings Market by Product Type
9.2.5.2.2 France Instrumentation Valves And Fittings Market by Industry Vertical
9.2.5.3 Italy Instrumentation Valves And Fittings Market
9.2.5.3.1 Italy Instrumentation Valves And Fittings Market by Product Type
9.2.5.3.2 Italy Instrumentation Valves And Fittings Market by Industry Vertical
9.2.5.4 United Kingdom Instrumentation Valves And Fittings Market
9.2.5.4.1 United Kingdom Instrumentation Valves And Fittings Market by Product Type
9.2.5.4.2 United Kingdom Instrumentation Valves And Fittings Market by Industry Vertical
9.2.5.5 Russia Instrumentation Valves And Fittings Market
9.2.5.5.1 Russia Instrumentation Valves And Fittings Market by Product Type
9.2.5.5.2 Russia Instrumentation Valves And Fittings Market by Industry Vertical
9.2.5.6 Rest of Europe Instrumentation Valves And Fittings Market
9.2.5.6.1 Rest of Europe Instrumentation Valves And Fittings Market by Product Type
9.2.5.6.2 Rest of Europe Instrumentation Valves And Fittings Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Instrumentation Valves And Fittings Market Overview
9.3.2 Asia-Pacific Instrumentation Valves And Fittings Market Forecasts and Analysis
9.3.3 Asia-Pacific Instrumentation Valves And Fittings Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Instrumentation Valves And Fittings Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Instrumentation Valves And Fittings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Instrumentation Valves And Fittings Market
9.3.5.1.1 Australia Instrumentation Valves And Fittings Market by Product Type
9.3.5.1.2 Australia Instrumentation Valves And Fittings Market by Industry Vertical
9.3.5.2 China Instrumentation Valves And Fittings Market
9.3.5.2.1 China Instrumentation Valves And Fittings Market by Product Type
9.3.5.2.2 China Instrumentation Valves And Fittings Market by Industry Vertical
9.3.5.3 India Instrumentation Valves And Fittings Market
9.3.5.3.1 India Instrumentation Valves And Fittings Market by Product Type
9.3.5.3.2 India Instrumentation Valves And Fittings Market by Industry Vertical
9.3.5.4 Japan Instrumentation Valves And Fittings Market
9.3.5.4.1 Japan Instrumentation Valves And Fittings Market by Product Type
9.3.5.4.2 Japan Instrumentation Valves And Fittings Market by Industry Vertical
9.3.5.5 South Korea Instrumentation Valves And Fittings Market
9.3.5.5.1 South Korea Instrumentation Valves And Fittings Market by Product Type
9.3.5.5.2 South Korea Instrumentation Valves And Fittings Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Instrumentation Valves And Fittings Market
9.3.5.6.1 Rest of Asia-Pacific Instrumentation Valves And Fittings Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Instrumentation Valves And Fittings Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Instrumentation Valves And Fittings Market Overview
9.4.2 Middle East and Africa Instrumentation Valves And Fittings Market Forecasts and Analysis
9.4.3 Middle East and Africa Instrumentation Valves And Fittings Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Instrumentation Valves And Fittings Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Instrumentation Valves And Fittings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Instrumentation Valves And Fittings Market
9.4.5.1.1 South Africa Instrumentation Valves And Fittings Market by Product Type
9.4.5.1.2 South Africa Instrumentation Valves And Fittings Market by Industry Vertical
9.4.5.2 Saudi Arabia Instrumentation Valves And Fittings Market
9.4.5.2.1 Saudi Arabia Instrumentation Valves And Fittings Market by Product Type
9.4.5.2.2 Saudi Arabia Instrumentation Valves And Fittings Market by Industry Vertical
9.4.5.3 U.A.E Instrumentation Valves And Fittings Market
9.4.5.3.1 U.A.E Instrumentation Valves And Fittings Market by Product Type
9.4.5.3.2 U.A.E Instrumentation Valves And Fittings Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Instrumentation Valves And Fittings Market
9.4.5.4.1 Rest of Middle East and Africa Instrumentation Valves And Fittings Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Instrumentation Valves And Fittings Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Instrumentation Valves And Fittings Market Overview
9.5.2 South and Central America Instrumentation Valves And Fittings Market Forecasts and Analysis
9.5.3 South and Central America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Instrumentation Valves And Fittings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Instrumentation Valves And Fittings Market
9.5.5.1.1 Brazil Instrumentation Valves And Fittings Market by Product Type
9.5.5.1.2 Brazil Instrumentation Valves And Fittings Market by Industry Vertical
9.5.5.2 Argentina Instrumentation Valves And Fittings Market
9.5.5.2.1 Argentina Instrumentation Valves And Fittings Market by Product Type
9.5.5.2.2 Argentina Instrumentation Valves And Fittings Market by Industry Vertical
9.5.5.3 Rest of South and Central America Instrumentation Valves And Fittings Market
9.5.5.3.1 Rest of South and Central America Instrumentation Valves And Fittings Market by Product Type
9.5.5.3.2 Rest of South and Central America Instrumentation Valves And Fittings Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INSTRUMENTATION VALVES AND FITTINGS MARKET, KEY COMPANY PROFILES
11.1. CIRCOR INTERNATIONAL, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FITOK GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HAM-LET GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HY-LOK USA, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MCNEIL INSTRUMENTS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MET-LOK VALVES AND FITTINGS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANAM ENGINEERS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PARKER-HANNIFIN CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PMT VALVES PVT LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SWAGELOK COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. CIRCOR International, Inc.
2. FITOK Group
3. HAM-LET Group
4. Hy-Lok USA, Inc.
5. Mcneil Instruments Inc.
6. Met-Lok Valves and Fittings
7. Panam Engineers Ltd.
8. Parker-Hannifin Corporation
9. PMT Valves Pvt Ltd.
10. Swagelok Company
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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