Hazardous Area Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Hazardous Area Equipment Market covers analysis by Product (Industrial Controls, Process Instruments, Lighting Products, Sensors, Cable Glands and Accessories, Motors, Others); Connectivity Service (Wireless, Wired); Industry Vertical (Oil and Gas, Chemicals and Pharmaceuticals, Mining, Energy and Power, Food and Beverages, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00006382
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The hazardous areas are, or hazardous locations are places with potential risks of fire and explosion hazards due to the presence of flammable gases or explosive mixtures. Electrical equipment for these locations are specifically designed, keeping in mind the possible risks. Growing adoption of safety measures in industries is creating a favorable landscape for the key market players. The high growth of the manufacturing industries in the developing regions further complements the market growth.

MARKET DYNAMICS

The hazardous area equipment market is anticipated to grow in the forecast period owing to driving factors such as technological developments in the field of lighting solutions and increasing adoption of safety measures in industries. Besides, the rapidly growing manufacturing sector is further expected to augment the market growth. However, the wireless systems are likely to hamper the market growth due to ignition risks. Nonetheless, the demand for low-cost solutions is expected to showcase significant opportunities for the players operating in the hazardous area equipment market during the forecast period.

MARKET SCOPE

The "Global Hazardous Area Equipment Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of hazardous area equipment market with detailed market segmentation by product, connectivity service, industry vertical, and geography. The global hazardous area equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hazardous area equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global hazardous area equipment market is segmented on the basis of product, connectivity service, and industry vertical. Based on product, the market is segmented as industrial controls, process instruments, lighting products, sensors, cable glands & accessories, motors, and others. On the basis of the connectivity service, the market is segmented as wireless and wired. The market on the basis of the industry vertical is classified as oil & gas, chemicals & pharmaceuticals, mining, energy & power, food & beverages, and others.


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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 global hazardous area equipment 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 & Central America. The hazardous area equipment 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 hazardous area equipment 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 & Central America after evaluating political, economic, social and technological factors affecting the hazardous area equipment market in these regions.

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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 global hazardous area equipment 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 & Central America. The hazardous area equipment 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 hazardous area equipment 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 & Central America after evaluating political, economic, social and technological factors affecting the hazardous area equipment market in these regions.

MARKET PLAYERS

The reports cover key developments in the hazardous area equipment 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 the way for the expansion of business and customer base of market players. The market players from hazardous area equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for hazardous area equipment in the global market. Below mentioned is the list of few companies engaged in the hazardous area equipment market.

The report also includes the profiles of key hazardous area equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  •  ABB Group
  •  E2S Warning Signals
  •  Eaton Corporation
  •  Emerson Electric Co.
  •  Honeywell International Inc.
  •  Patlite Corporation
  •  Pepperl+Fuchs AG
  •  R.STAHL AG
  •  Rockwell Automation, Inc.
  •  Siemens AG

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.
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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 Hazardous Area Equipment Market - By Product
1.3.2 Hazardous Area Equipment Market - By Connectivity Service
1.3.3 Hazardous Area Equipment Market - By Industry Vertical
1.3.4 Hazardous Area Equipment Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HAZARDOUS AREA EQUIPMENT 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. HAZARDOUS AREA EQUIPMENT 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. HAZARDOUS AREA EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. HAZARDOUS AREA EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. HAZARDOUS AREA EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. HAZARDOUS AREA EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL CONTROLS
7.3.1. Overview
7.3.2. Industrial Controls Market Forecast and Analysis
7.4. PROCESS INSTRUMENTS
7.4.1. Overview
7.4.2. Process Instruments Market Forecast and Analysis
7.5. LIGHTING PRODUCTS
7.5.1. Overview
7.5.2. Lighting Products Market Forecast and Analysis
7.6. SENSORS
7.6.1. Overview
7.6.2. Sensors Market Forecast and Analysis
7.7. CABLE GLANDS AND ACCESSORIES
7.7.1. Overview
7.7.2. Cable Glands and Accessories Market Forecast and Analysis
7.8. MOTORS
7.8.1. Overview
7.8.2. Motors Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis

8. HAZARDOUS AREA EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY SERVICE
8.1. OVERVIEW
8.2. CONNECTIVITY SERVICE MARKET FORECASTS AND ANALYSIS
8.3. WIRELESS
8.3.1. Overview
8.3.2. Wireless Market Forecast and Analysis
8.4. WIRED
8.4.1. Overview
8.4.2. Wired Market Forecast and Analysis

9. HAZARDOUS AREA EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. OIL AND GAS
9.3.1. Overview
9.3.2. Oil and Gas Market Forecast and Analysis
9.4. CHEMICALS AND PHARMACEUTICALS
9.4.1. Overview
9.4.2. Chemicals and Pharmaceuticals Market Forecast and Analysis
9.5. MINING
9.5.1. Overview
9.5.2. Mining Market Forecast and Analysis
9.6. ENERGY AND POWER
9.6.1. Overview
9.6.2. Energy and Power Market Forecast and Analysis
9.7. FOOD AND BEVERAGES
9.7.1. Overview
9.7.2. Food and Beverages Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis

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

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. HAZARDOUS AREA EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. ABB GROUP
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. E2S WARNING SIGNALS
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. EATON CORPORATION
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. EMERSON ELECTRIC CO.
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. HONEYWELL INTERNATIONAL INC.
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. PATLITE CORPORATION
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. PEPPERL+FUCHS AG
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. R.STAHL AG
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. ROCKWELL AUTOMATION, INC.
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. SIEMENS AG
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.ABB Group2.E2S Warning Signals3.Eaton Corporation4.Emerson Electric Co.5.Honeywell International Inc.6.Patlite Corporation7.Pepperl+Fuchs AG8.R.STAHL AG9.Rockwell Automation, Inc.10.Siemens AG

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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