Duplex Stainless Steel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Duplex Stainless Steel Market covers analysis by Grade (Duplex, Lean duplex, Hyper and super duplex, Others); Product form (Tubes, Pumps and valves, Fittings and flanges, Welding wires, Rebar and mesh, Others); End use industry (Oil and gas industry, Desalination Industry, Chemical industry, Paper and pulp industry, Construction industry, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00005083
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
Stainless steel is an alloy of steel with a minimum 10.5% chromium and 1.2% of carbon by mass. Stainless steel is remarkable for its corrosive resistance, which increases with the magnitude of chromium content. When molybdenum is mixed with stainless steel, it increases corrosion resistance and helps in reducing acid against pitting attack in chloride solutions. Duplex stainless steel is two times stronger than regular austenitic and ferric stainless steels. Duplex stainless steel proffers not only excellent resistance to corrosion but also high mechanical strength, which further ensures more uptime as compared to carbon and other conventional steels. Duplex stainless steel is mainly used in industries like paper, construction, chemical, oil and gas.

Market Dynamics
The rise in offshore spending and growing steel industry are factors driving the growth of duplex stainless steel market globally. Also, increment in the raw material used in the production of stainless steel leads to the growth of the market. However, the increasing cost of raw materials acts as a restraint in the growth of the market. Rising demand for duplex stainless steel from various end-use industries, mainly the oil and gas industry is expected to foster the growth of duplex stainless steel market in the years to come.

Market Scope
The "Global Duplex Stainless Steel Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the duplex stainless steel market with detailed market segmentation by grade, product form, end use industry and geography. The global duplex stainless steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading duplex stainless steel players and offers key trends and opportunities in the market.

Market Segmentation
The global duplex stainless steel market is segmented on the basis of grade, product form, end use industry and geography. On the basis of grade, the market classify into duplex, lean duplex, hyper & super duplex and others. The market on the basis of product form is broken into tubes, pulp & valves, fittings & flanges, welding wires, rebar & mesh and others. As per end use industry the market is bifurcated into oil & gas industry, desalination industry, chemical industry, paper & pulp industry, construction inudstry and others. REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the duplex stainless steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The duplex stainless steel 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 duplex stainless steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the duplex stainless steel market in these regions.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the duplex stainless steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The duplex stainless steel 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 duplex stainless steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the duplex stainless steel market in these regions.

MARKET PLAYERS
The reports cover key developments in the duplex stainless steel 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from duplex stainless steel market are anticipated to lucrative growth opportunities in the future with the rising demand for duplex stainless steel in the global market. Below mentioned is the list of few companies engaged in the duplex stainless steel market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the duplex stainless steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • Acerinox S.A.
  • Allegheny Technologies Incorporated
  • ArcelorMittal S.A.
  • Carpenter Technology Corporation
  • Daido Steel Co., Ltd.
  • Jindal Steel
  • Outokumpu Oyj
  • POSCO Group
  • Sandvik Materials Technology AB
  • Tata Steel
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Duplex Stainless Steel Market - By Grade
1.3.2 Duplex Stainless Steel Market - By Product form
1.3.3 Duplex Stainless Steel Market - By End use industry
1.3.4 Duplex Stainless Steel Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DUPLEX STAINLESS STEEL 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. EXPERT OPINIONS

5. DUPLEX STAINLESS STEEL 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. DUPLEX STAINLESS STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. DUPLEX STAINLESS STEEL - GLOBAL MARKET OVERVIEW
6.2. DUPLEX STAINLESS STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DUPLEX STAINLESS STEEL MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. DUPLEX
7.3.1. Overview
7.3.2. Duplex Market Forecast and Analysis
7.4. LEAN DUPLEX
7.4.1. Overview
7.4.2. Lean duplex Market Forecast and Analysis
7.5. HYPER AND SUPER DUPLEX
7.5.1. Overview
7.5.2. Hyper and super duplex Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. DUPLEX STAINLESS STEEL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT FORM
8.1. OVERVIEW
8.2. PRODUCT FORM MARKET FORECASTS AND ANALYSIS
8.3. TUBES
8.3.1. Overview
8.3.2. Tubes Market Forecast and Analysis
8.4. PUMPS AND VALVES
8.4.1. Overview
8.4.2. Pumps and valves Market Forecast and Analysis
8.5. FITTINGS AND FLANGES
8.5.1. Overview
8.5.2. Fittings and flanges Market Forecast and Analysis
8.6. WELDING WIRES
8.6.1. Overview
8.6.2. Welding wires Market Forecast and Analysis
8.7. REBAR AND MESH
8.7.1. Overview
8.7.2. Rebar and mesh Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. DUPLEX STAINLESS STEEL MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. OIL AND GAS INDUSTRY
9.3.1. Overview
9.3.2. Oil and gas industry Market Forecast and Analysis
9.4. DESALINATION INDUSTRY
9.4.1. Overview
9.4.2. Desalination Industry Market Forecast and Analysis
9.5. CHEMICAL INDUSTRY
9.5.1. Overview
9.5.2. Chemical industry Market Forecast and Analysis
9.6. PAPER AND PULP INDUSTRY
9.6.1. Overview
9.6.2. Paper and pulp industry Market Forecast and Analysis
9.7. CONSTRUCTION INDUSTRY
9.7.1. Overview
9.7.2. Construction industry Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis

10. DUPLEX STAINLESS STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Duplex Stainless Steel Market Overview
10.1.2 North America Duplex Stainless Steel Market Forecasts and Analysis
10.1.3 North America Duplex Stainless Steel Market Forecasts and Analysis - By Grade
10.1.4 North America Duplex Stainless Steel Market Forecasts and Analysis - By Product form
10.1.5 North America Duplex Stainless Steel Market Forecasts and Analysis - By End use industry
10.1.6 North America Duplex Stainless Steel Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Duplex Stainless Steel Market
10.1.6.1.1 Canada Duplex Stainless Steel Market by Grade
10.1.6.1.2 Canada Duplex Stainless Steel Market by Product form
10.1.6.1.3 Canada Duplex Stainless Steel Market by End use industry
10.1.6.2 Mexico Duplex Stainless Steel Market
10.1.6.2.1 Mexico Duplex Stainless Steel Market by Grade
10.1.6.2.2 Mexico Duplex Stainless Steel Market by Product form
10.1.6.2.3 Mexico Duplex Stainless Steel Market by End use industry
10.1.6.3 US Duplex Stainless Steel Market
10.1.6.3.1 US Duplex Stainless Steel Market by Grade
10.1.6.3.2 US Duplex Stainless Steel Market by Product form
10.1.6.3.3 US Duplex Stainless Steel Market by End use industry
10.2. EUROPE
10.2.1 Europe Duplex Stainless Steel Market Overview
10.2.2 Europe Duplex Stainless Steel Market Forecasts and Analysis
10.2.3 Europe Duplex Stainless Steel Market Forecasts and Analysis - By Grade
10.2.4 Europe Duplex Stainless Steel Market Forecasts and Analysis - By Product form
10.2.5 Europe Duplex Stainless Steel Market Forecasts and Analysis - By End use industry
10.2.6 Europe Duplex Stainless Steel Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Duplex Stainless Steel Market
10.2.6.1.1 Germany Duplex Stainless Steel Market by Grade
10.2.6.1.2 Germany Duplex Stainless Steel Market by Product form
10.2.6.1.3 Germany Duplex Stainless Steel Market by End use industry
10.2.6.2 France Duplex Stainless Steel Market
10.2.6.2.1 France Duplex Stainless Steel Market by Grade
10.2.6.2.2 France Duplex Stainless Steel Market by Product form
10.2.6.2.3 France Duplex Stainless Steel Market by End use industry
10.2.6.3 Italy Duplex Stainless Steel Market
10.2.6.3.1 Italy Duplex Stainless Steel Market by Grade
10.2.6.3.2 Italy Duplex Stainless Steel Market by Product form
10.2.6.3.3 Italy Duplex Stainless Steel Market by End use industry
10.2.6.4 United Kingdom Duplex Stainless Steel Market
10.2.6.4.1 United Kingdom Duplex Stainless Steel Market by Grade
10.2.6.4.2 United Kingdom Duplex Stainless Steel Market by Product form
10.2.6.4.3 United Kingdom Duplex Stainless Steel Market by End use industry
10.2.6.5 Russia Duplex Stainless Steel Market
10.2.6.5.1 Russia Duplex Stainless Steel Market by Grade
10.2.6.5.2 Russia Duplex Stainless Steel Market by Product form
10.2.6.5.3 Russia Duplex Stainless Steel Market by End use industry
10.2.6.6 Rest of Europe Duplex Stainless Steel Market
10.2.6.6.1 Rest of Europe Duplex Stainless Steel Market by Grade
10.2.6.6.2 Rest of Europe Duplex Stainless Steel Market by Product form
10.2.6.6.3 Rest of Europe Duplex Stainless Steel Market by End use industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Duplex Stainless Steel Market Overview
10.3.2 Asia-Pacific Duplex Stainless Steel Market Forecasts and Analysis
10.3.3 Asia-Pacific Duplex Stainless Steel Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Duplex Stainless Steel Market Forecasts and Analysis - By Product form
10.3.5 Asia-Pacific Duplex Stainless Steel Market Forecasts and Analysis - By End use industry
10.3.6 Asia-Pacific Duplex Stainless Steel Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Duplex Stainless Steel Market
10.3.6.1.1 Australia Duplex Stainless Steel Market by Grade
10.3.6.1.2 Australia Duplex Stainless Steel Market by Product form
10.3.6.1.3 Australia Duplex Stainless Steel Market by End use industry
10.3.6.2 China Duplex Stainless Steel Market
10.3.6.2.1 China Duplex Stainless Steel Market by Grade
10.3.6.2.2 China Duplex Stainless Steel Market by Product form
10.3.6.2.3 China Duplex Stainless Steel Market by End use industry
10.3.6.3 India Duplex Stainless Steel Market
10.3.6.3.1 India Duplex Stainless Steel Market by Grade
10.3.6.3.2 India Duplex Stainless Steel Market by Product form
10.3.6.3.3 India Duplex Stainless Steel Market by End use industry
10.3.6.4 Japan Duplex Stainless Steel Market
10.3.6.4.1 Japan Duplex Stainless Steel Market by Grade
10.3.6.4.2 Japan Duplex Stainless Steel Market by Product form
10.3.6.4.3 Japan Duplex Stainless Steel Market by End use industry
10.3.6.5 South Korea Duplex Stainless Steel Market
10.3.6.5.1 South Korea Duplex Stainless Steel Market by Grade
10.3.6.5.2 South Korea Duplex Stainless Steel Market by Product form
10.3.6.5.3 South Korea Duplex Stainless Steel Market by End use industry
10.3.6.6 Rest of Asia-Pacific Duplex Stainless Steel Market
10.3.6.6.1 Rest of Asia-Pacific Duplex Stainless Steel Market by Grade
10.3.6.6.2 Rest of Asia-Pacific Duplex Stainless Steel Market by Product form
10.3.6.6.3 Rest of Asia-Pacific Duplex Stainless Steel Market by End use industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Duplex Stainless Steel Market Overview
10.4.2 Middle East and Africa Duplex Stainless Steel Market Forecasts and Analysis
10.4.3 Middle East and Africa Duplex Stainless Steel Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Duplex Stainless Steel Market Forecasts and Analysis - By Product form
10.4.5 Middle East and Africa Duplex Stainless Steel Market Forecasts and Analysis - By End use industry
10.4.6 Middle East and Africa Duplex Stainless Steel Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Duplex Stainless Steel Market
10.4.6.1.1 South Africa Duplex Stainless Steel Market by Grade
10.4.6.1.2 South Africa Duplex Stainless Steel Market by Product form
10.4.6.1.3 South Africa Duplex Stainless Steel Market by End use industry
10.4.6.2 Saudi Arabia Duplex Stainless Steel Market
10.4.6.2.1 Saudi Arabia Duplex Stainless Steel Market by Grade
10.4.6.2.2 Saudi Arabia Duplex Stainless Steel Market by Product form
10.4.6.2.3 Saudi Arabia Duplex Stainless Steel Market by End use industry
10.4.6.3 U.A.E Duplex Stainless Steel Market
10.4.6.3.1 U.A.E Duplex Stainless Steel Market by Grade
10.4.6.3.2 U.A.E Duplex Stainless Steel Market by Product form
10.4.6.3.3 U.A.E Duplex Stainless Steel Market by End use industry
10.4.6.4 Rest of Middle East and Africa Duplex Stainless Steel Market
10.4.6.4.1 Rest of Middle East and Africa Duplex Stainless Steel Market by Grade
10.4.6.4.2 Rest of Middle East and Africa Duplex Stainless Steel Market by Product form
10.4.6.4.3 Rest of Middle East and Africa Duplex Stainless Steel Market by End use industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Duplex Stainless Steel Market Overview
10.5.2 South and Central America Duplex Stainless Steel Market Forecasts and Analysis
10.5.3 South and Central America Duplex Stainless Steel Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Duplex Stainless Steel Market Forecasts and Analysis - By Product form
10.5.5 South and Central America Duplex Stainless Steel Market Forecasts and Analysis - By End use industry
10.5.6 South and Central America Duplex Stainless Steel Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Duplex Stainless Steel Market
10.5.6.1.1 Brazil Duplex Stainless Steel Market by Grade
10.5.6.1.2 Brazil Duplex Stainless Steel Market by Product form
10.5.6.1.3 Brazil Duplex Stainless Steel Market by End use industry
10.5.6.2 Argentina Duplex Stainless Steel Market
10.5.6.2.1 Argentina Duplex Stainless Steel Market by Grade
10.5.6.2.2 Argentina Duplex Stainless Steel Market by Product form
10.5.6.2.3 Argentina Duplex Stainless Steel Market by End use industry
10.5.6.3 Rest of South and Central America Duplex Stainless Steel Market
10.5.6.3.1 Rest of South and Central America Duplex Stainless Steel Market by Grade
10.5.6.3.2 Rest of South and Central America Duplex Stainless Steel Market by Product form
10.5.6.3.3 Rest of South and Central America Duplex Stainless Steel Market by End use industry

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. DUPLEX STAINLESS STEEL MARKET, KEY COMPANY PROFILES
12.1. OUTOKUMPU OYJ (FINLAND)
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. TATA STEEL (INDIA)
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. JINDAL STEEL (INDIA)
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ARCELORMITTAL S.A. (LUXEMBOURG)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. POSCO GROUP (SOUTH KOREA)
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ACERINOX S.A. (SPAIN)
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SANDVIK MATERIALS TECHNOLOGY AB (SWEDEN)
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ALLEGHENY TECHNOLOGIES INCORPORATED (U.S.)
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. DAIDO STEEL CO., LTD. (JAPAN)
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. CARPENTER TECHNOLOGY CORPORATION (U.S.)
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1.Outokumpu Oyj (Finland)
2.Tata Steel (India)
3.Jindal Steel (India)
4.ArcelorMittal S.A. (Luxembourg)
5.POSCO Group (South Korea)
6.Acerinox S.A. (Spain)
7.Sandvik Materials Technology AB (Sweden)
8.Allegheny Technologies Incorporated (U.S.)
9.Daido Steel Co., Ltd. (Japan)
10.Carpenter Technology Corporation (U.S.)

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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