An HDVC converter station is a specialized type of substation which forms the terminal equipment for a high voltage direct current transmission line. HDVC Converter Station are specialized substation that form the terminal equipment for high voltage direct current transmissions lines. They convert direct current into alternating current and alternating current into direct current. The station usually contains: three-phase alternating current switch gear, transformers, capacitors or synchronous condensers for reactive power, filters for harmonic suppression and direct current switch gear.
MARKET SCOPE
The "Global HDVC Converter Station Market Analysis to 2028" 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 HDVC Converter Station market with detailed market segmentation by HDVC Converter Station Market. The global HDVC Converter station market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HDVC Converter station market players and offers key trends and opportunities in the market.
MARKET DYNAMICS
The global HDVC Converter station market is expected to grow with the CAGR from 2017-2023. The HDVC transmission system is widely used to transmit long distance bulk power and connect two separate AC systems. Rising concerns over carbon emission and steadily reducing fossil fuels will lead to have the requirement of HVDC system.
MARKET SEGMENTATION
HDVC Converter station market has been segmented into Type, Component, Technology, Convertor, Application and Region. By Type consist of Monopolar, Bi-polar, Multi " Terminal, others. By Component consist of Converter, DC equipment, Converter transformer, others. By Converter consist of Line commuted current sourced converter, Voltage source convertor. By Application consist of Power industry, oil & gas, powering island and remote, Interconnecting networks. By Region consist of North America, Asia- Pacific and Europe, Middle East and Africa.
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 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The HVDC Converter station 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 HVDC Converter station 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 HVDC Converter station market in these regions.
IMPACT OF COVID-19 ON HDVC CONVERTER STATION MARKET
The covid-19 has had a huge impact on worldwide due to its restrictions imposed by the government of the countries. HDVC technologies is one of the catalysts driving the transformation of the electricity market, but due to shut down almost all the business and industries or commercial activities, the consumption of electricity decreased as well as the market of electricity or energy and power sector decreased. Now the increasing in the renewable energy sector is expected to grow at very rapidly, all these sectors is expected to grow in upcoming time.
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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 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The HVDC Converter station 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 HVDC Converter station 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 HVDC Converter station market in these regions.
IMPACT OF COVID-19 ON HDVC CONVERTER STATION MARKET
The covid-19 has had a huge impact on worldwide due to its restrictions imposed by the government of the countries. HDVC technologies is one of the catalysts driving the transformation of the electricity market, but due to shut down almost all the business and industries or commercial activities, the consumption of electricity decreased as well as the market of electricity or energy and power sector decreased. Now the increasing in the renewable energy sector is expected to grow at very rapidly, all these sectors is expected to grow in upcoming time.
MARKET PLAYERS
The report covers vital developments in the HVDC Converter station 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 HVDC Converter Station Market are anticipated to have lucrative growth opportunities in the future with the rising demand for HVDC Converter Station market in the global market. Below mentioned is the list of a few companies engaged in the HVDC Converter Station Market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HVDC Converter Station 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.
- ABB ltd.
- Toshiba Corporation
- XJ Group Corporation
- Bharat Heavy Electricals Ltd.
- General Electric
- GE Grid Solution LLC
- SIEMENS AG
- Crompton Greaves Ltd.
- Nissin Electric Co Ltd.
- Hitachi Ltd.
The Insight Partners 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
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
1.3.1HDVC Converter Station Market - By Type
1.3.2HDVC Converter Station Market - By Components
1.3.3HDVC Converter Station Market - By Technology
1.3.4HDVC Converter Station Market - By Convertor
1.3.5HDVC Converter Station Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HDVC CONVERTER STATION 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.EXPERT OPINIONS
5.HDVC CONVERTER STATION 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.HDVC CONVERTER STATION MARKET - GLOBAL MARKET ANALYSIS
6.1.HDVC CONVERTER STATION - GLOBAL MARKET OVERVIEW
6.2.HDVC CONVERTER STATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.HDVC CONVERTER STATION MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MONOPOLAR
7.3.1.Overview
7.3.2.Monopolar Market Forecast and Analysis
7.4.BI-POLAR
7.4.1.Overview
7.4.2.Bi-polar Market Forecast and Analysis
7.5.MULTI " TERMINAL
7.5.1.Overview
7.5.2.Multi " Terminal Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.others Market Forecast and Analysis
8.HDVC CONVERTER STATION MARKET - REVENUE AND FORECASTS TO 2028 " COMPONENTS
8.1.OVERVIEW
8.2.COMPONENTS MARKET FORECASTS AND ANALYSIS
8.3.CONVERTER
8.3.1.Overview
8.3.2.Converter Market Forecast and Analysis
8.4.DC EQUIPMENT
8.4.1.Overview
8.4.2.DC equipment Market Forecast and Analysis
8.5.CONVERTER TRANSFORMER
8.5.1.Overview
8.5.2.Converter transformer Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.others Market Forecast and Analysis
9.HDVC CONVERTER STATION MARKET - REVENUE AND FORECASTS TO 2028 " TECHNOLOGY
9.1.OVERVIEW
9.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3.LINE COMMUTED CURRENT SOURCED CONVERTER
9.3.1.Overview
9.3.2.Line commuted current sourced converter Market Forecast and Analysis
9.4.VOLTAGE SOURCE CONVERTOR
9.4.1.Overview
9.4.2.Voltage source convertor Market Forecast and Analysis
10.HDVC CONVERTER STATION MARKET - REVENUE AND FORECASTS TO 2028 " CONVERTOR
10.1.OVERVIEW
10.2.CONVERTOR MARKET FORECASTS AND ANALYSIS
10.3.POWER INDUSTRY
10.3.1.Overview
10.3.2.Power industry Market Forecast and Analysis
10.4.OIL AND GAS
10.4.1.Overview
10.4.2.oil and gas Market Forecast and Analysis
10.5.POWERING ISLAND AND REMOTE
10.5.1.Overview
10.5.2.powering island and remote Market Forecast and Analysis
10.6.INTERCONNECTING NETWORKS
10.6.1.Overview
10.6.2.Interconnecting networks Market Forecast and Analysis
11.HDVC CONVERTER STATION MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America HDVC Converter Station Market Overview
11.1.2North America HDVC Converter Station Market Forecasts and Analysis
11.1.3North America HDVC Converter Station Market Forecasts and Analysis - By Type
11.1.4North America HDVC Converter Station Market Forecasts and Analysis - By Components
11.1.5North America HDVC Converter Station Market Forecasts and Analysis - By Technology
11.1.6North America HDVC Converter Station Market Forecasts and Analysis - By Convertor
11.1.7North America HDVC Converter Station Market Forecasts and Analysis - By Countries
11.1.7.1United States HDVC Converter Station Market
11.1.7.1.1United States HDVC Converter Station Market by Type
11.1.7.1.2United States HDVC Converter Station Market by Components
11.1.7.1.3United States HDVC Converter Station Market by Technology
11.1.7.1.4United States HDVC Converter Station Market by Convertor
11.1.7.2Canada HDVC Converter Station Market
11.1.7.2.1Canada HDVC Converter Station Market by Type
11.1.7.2.2Canada HDVC Converter Station Market by Components
11.1.7.2.3Canada HDVC Converter Station Market by Technology
11.1.7.2.4Canada HDVC Converter Station Market by Convertor
11.1.7.3Mexico HDVC Converter Station Market
11.1.7.3.1Mexico HDVC Converter Station Market by Type
11.1.7.3.2Mexico HDVC Converter Station Market by Components
11.1.7.3.3Mexico HDVC Converter Station Market by Technology
11.1.7.3.4Mexico HDVC Converter Station Market by Convertor
11.2.EUROPE
11.2.1Europe HDVC Converter Station Market Overview
11.2.2Europe HDVC Converter Station Market Forecasts and Analysis
11.2.3Europe HDVC Converter Station Market Forecasts and Analysis - By Type
11.2.4Europe HDVC Converter Station Market Forecasts and Analysis - By Components
11.2.5Europe HDVC Converter Station Market Forecasts and Analysis - By Technology
11.2.6Europe HDVC Converter Station Market Forecasts and Analysis - By Convertor
11.2.7Europe HDVC Converter Station Market Forecasts and Analysis - By Countries
11.2.7.1Germany HDVC Converter Station Market
11.2.7.1.1Germany HDVC Converter Station Market by Type
11.2.7.1.2Germany HDVC Converter Station Market by Components
11.2.7.1.3Germany HDVC Converter Station Market by Technology
11.2.7.1.4Germany HDVC Converter Station Market by Convertor
11.2.7.2France HDVC Converter Station Market
11.2.7.2.1France HDVC Converter Station Market by Type
11.2.7.2.2France HDVC Converter Station Market by Components
11.2.7.2.3France HDVC Converter Station Market by Technology
11.2.7.2.4France HDVC Converter Station Market by Convertor
11.2.7.3Italy HDVC Converter Station Market
11.2.7.3.1Italy HDVC Converter Station Market by Type
11.2.7.3.2Italy HDVC Converter Station Market by Components
11.2.7.3.3Italy HDVC Converter Station Market by Technology
11.2.7.3.4Italy HDVC Converter Station Market by Convertor
11.2.7.4Spain HDVC Converter Station Market
11.2.7.4.1Spain HDVC Converter Station Market by Type
11.2.7.4.2Spain HDVC Converter Station Market by Components
11.2.7.4.3Spain HDVC Converter Station Market by Technology
11.2.7.4.4Spain HDVC Converter Station Market by Convertor
11.2.7.5United Kingdom HDVC Converter Station Market
11.2.7.5.1United Kingdom HDVC Converter Station Market by Type
11.2.7.5.2United Kingdom HDVC Converter Station Market by Components
11.2.7.5.3United Kingdom HDVC Converter Station Market by Technology
11.2.7.5.4United Kingdom HDVC Converter Station Market by Convertor
11.2.7.6Russia HDVC Converter Station Market
11.2.7.6.1Russia HDVC Converter Station Market by Type
11.2.7.6.2Russia HDVC Converter Station Market by Components
11.2.7.6.3Russia HDVC Converter Station Market by Technology
11.2.7.6.4Russia HDVC Converter Station Market by Convertor
11.2.7.7Rest of Europe HDVC Converter Station Market
11.2.7.7.1Rest of Europe HDVC Converter Station Market by Type
11.2.7.7.2Rest of Europe HDVC Converter Station Market by Components
11.2.7.7.3Rest of Europe HDVC Converter Station Market by Technology
11.2.7.7.4Rest of Europe HDVC Converter Station Market by Convertor
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific HDVC Converter Station Market Overview
11.3.2Asia-Pacific HDVC Converter Station Market Forecasts and Analysis
11.3.3Asia-Pacific HDVC Converter Station Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific HDVC Converter Station Market Forecasts and Analysis - By Components
11.3.5Asia-Pacific HDVC Converter Station Market Forecasts and Analysis - By Technology
11.3.6Asia-Pacific HDVC Converter Station Market Forecasts and Analysis - By Convertor
11.3.7Asia-Pacific HDVC Converter Station Market Forecasts and Analysis - By Countries
11.3.7.1Australia HDVC Converter Station Market
11.3.7.1.1Australia HDVC Converter Station Market by Type
11.3.7.1.2Australia HDVC Converter Station Market by Components
11.3.7.1.3Australia HDVC Converter Station Market by Technology
11.3.7.1.4Australia HDVC Converter Station Market by Convertor
11.3.7.2China HDVC Converter Station Market
11.3.7.2.1China HDVC Converter Station Market by Type
11.3.7.2.2China HDVC Converter Station Market by Components
11.3.7.2.3China HDVC Converter Station Market by Technology
11.3.7.2.4China HDVC Converter Station Market by Convertor
11.3.7.3India HDVC Converter Station Market
11.3.7.3.1India HDVC Converter Station Market by Type
11.3.7.3.2India HDVC Converter Station Market by Components
11.3.7.3.3India HDVC Converter Station Market by Technology
11.3.7.3.4India HDVC Converter Station Market by Convertor
11.3.7.4Japan HDVC Converter Station Market
11.3.7.4.1Japan HDVC Converter Station Market by Type
11.3.7.4.2Japan HDVC Converter Station Market by Components
11.3.7.4.3Japan HDVC Converter Station Market by Technology
11.3.7.4.4Japan HDVC Converter Station Market by Convertor
11.3.7.5South Korea HDVC Converter Station Market
11.3.7.5.1South Korea HDVC Converter Station Market by Type
11.3.7.5.2South Korea HDVC Converter Station Market by Components
11.3.7.5.3South Korea HDVC Converter Station Market by Technology
11.3.7.5.4South Korea HDVC Converter Station Market by Convertor
11.3.7.6Rest of Asia-Pacific HDVC Converter Station Market
11.3.7.6.1Rest of Asia-Pacific HDVC Converter Station Market by Type
11.3.7.6.2Rest of Asia-Pacific HDVC Converter Station Market by Components
11.3.7.6.3Rest of Asia-Pacific HDVC Converter Station Market by Technology
11.3.7.6.4Rest of Asia-Pacific HDVC Converter Station Market by Convertor
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa HDVC Converter Station Market Overview
11.4.2Middle East and Africa HDVC Converter Station Market Forecasts and Analysis
11.4.3Middle East and Africa HDVC Converter Station Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa HDVC Converter Station Market Forecasts and Analysis - By Components
11.4.5Middle East and Africa HDVC Converter Station Market Forecasts and Analysis - By Technology
11.4.6Middle East and Africa HDVC Converter Station Market Forecasts and Analysis - By Convertor
11.4.7Middle East and Africa HDVC Converter Station Market Forecasts and Analysis - By Countries
11.4.7.1South Africa HDVC Converter Station Market
11.4.7.1.1South Africa HDVC Converter Station Market by Type
11.4.7.1.2South Africa HDVC Converter Station Market by Components
11.4.7.1.3South Africa HDVC Converter Station Market by Technology
11.4.7.1.4South Africa HDVC Converter Station Market by Convertor
11.4.7.2Saudi Arabia HDVC Converter Station Market
11.4.7.2.1Saudi Arabia HDVC Converter Station Market by Type
11.4.7.2.2Saudi Arabia HDVC Converter Station Market by Components
11.4.7.2.3Saudi Arabia HDVC Converter Station Market by Technology
11.4.7.2.4Saudi Arabia HDVC Converter Station Market by Convertor
11.4.7.3U.A.E HDVC Converter Station Market
11.4.7.3.1U.A.E HDVC Converter Station Market by Type
11.4.7.3.2U.A.E HDVC Converter Station Market by Components
11.4.7.3.3U.A.E HDVC Converter Station Market by Technology
11.4.7.3.4U.A.E HDVC Converter Station Market by Convertor
11.4.7.4Rest of Middle East and Africa HDVC Converter Station Market
11.4.7.4.1Rest of Middle East and Africa HDVC Converter Station Market by Type
11.4.7.4.2Rest of Middle East and Africa HDVC Converter Station Market by Components
11.4.7.4.3Rest of Middle East and Africa HDVC Converter Station Market by Technology
11.4.7.4.4Rest of Middle East and Africa HDVC Converter Station Market by Convertor
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America HDVC Converter Station Market Overview
11.5.2South and Central America HDVC Converter Station Market Forecasts and Analysis
11.5.3South and Central America HDVC Converter Station Market Forecasts and Analysis - By Type
11.5.4South and Central America HDVC Converter Station Market Forecasts and Analysis - By Components
11.5.5South and Central America HDVC Converter Station Market Forecasts and Analysis - By Technology
11.5.6South and Central America HDVC Converter Station Market Forecasts and Analysis - By Convertor
11.5.7South and Central America HDVC Converter Station Market Forecasts and Analysis - By Countries
11.5.7.1Brazil HDVC Converter Station Market
11.5.7.1.1Brazil HDVC Converter Station Market by Type
11.5.7.1.2Brazil HDVC Converter Station Market by Components
11.5.7.1.3Brazil HDVC Converter Station Market by Technology
11.5.7.1.4Brazil HDVC Converter Station Market by Convertor
11.5.7.2Rest of South and Central America HDVC Converter Station Market
11.5.7.2.1Rest of South and Central America HDVC Converter Station Market by Type
11.5.7.2.2Rest of South and Central America HDVC Converter Station Market by Components
11.5.7.2.3Rest of South and Central America HDVC Converter Station Market by Technology
11.5.7.2.4Rest of South and Central America HDVC Converter Station Market by Convertor
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.HDVC CONVERTER STATION MARKET, KEY COMPANY PROFILES
13.1.ABB LTD.
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.TOSHIBA CORPORATION
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.XJ GROUP CORPORATION
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.BHARAT HEAVY ELECTRICALS LTD.
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.GENERAL ELECTRIC
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.GE GRID SOLUTION LLC
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.SIEMENS AG
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.CROMPTON GREAVES LTD.
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.NISSIN ELECTRIC CO LTD.
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.HITACHI LTD.
1. ABB LTD.
2. TOSHIBA CORPORATION
3. XJ GROUP CORPORATION
4. BHARAT HEAVY ELECTRICALS LTD.
5. GENERAL ELECTRIC
6. GE GRI
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.ABB ltd.
2.Toshiba Corporation
3.XJ Group Corporation
4.Bharat Heavy Electricals Ltd.
5.General Electric
6.GE Grid Solution LLC
7.SIEMENS AG
8.Crompton Greaves Ltd.
9.Nissin Electric Co Ltd.
10.Hitachi Ltd.
1. ABB ltd.
2. Toshiba Corporation
3. XJ Group Corporation
4. Bharat Heavy Electricals Ltd.
5. General Electric
6. GE Gri
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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