A magnetic contactor is a device powered by magnetism. This device is utilized to open & close contacts in a motor control circuit. Heater, DC switching, lighting, and transfer are some of the application areas of magnetic contractors. Rising awareness related to electrical safety standards is playing a positive role in boosting the growth of magnetic contractors. In the era of digitalization and industrial automation, demand for procuring safety devices like magnetic contractors will rise.
MARKET DYNAMICS
Factors such as higher safety provided by magnetic contractors makes them ideal for harsh environment or place with minimal space. Also, features such as easy to use and reduction in power consumption makes the magnetic contractors efficient for harsh industrial applications. All these factors collectively are boosting the market growth. Moreover, the development of strong and advanced magnetic contactors to ensure they can withstand in extreme payload situations is projected to create lucrative business opportunities for the growth of magnetic contractors manufacturers and will help in boosting the growth of the magnetic contractors market in a forthcoming period.
MARKET SCOPE
The "Global Magnetic Contactors Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magnetic controllers market with detailed market segmentation - product type, voltage, industry, and geography. The global magnetic controllers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnetic controllers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
IMPACT OF COVID-19 ON MAGNETIC CONTACTORS MARKET
The 2021 novel coronavirus has created tremors in several industries. Due to mass lockdowns, travel bans, and business shutdowns, the novel outbreak has been affecting economies and myriad industries in various countries. During lockdown phase, work related to electrical installations declined in industrial plants, which has impacted the adoption of magnetic contractors in industries. Also, inconsistent variations in supply chain has further disrupted the production and installation process of magnetic contractors.
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 magnetic controllers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The magnetic controllers 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 magnetic controllers 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 magnetic controllers in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global magnetic controllers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The magnetic controllers 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 magnetic controllers 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 magnetic controllers in these regions.
MARKET PLAYERS
The reports cover key developments in the magnetic controllers 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 magnetic controllers market are anticipated to lucrative growth opportunities in the future with the rising demand for magnetic controllers in the global market. Below mentioned is the list of few companies engaged in the magnetic controllers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnetic controllers 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.
- ABB Ltd.
- ELIAS GHALI & SONS
- Eaton
- ETI Group
- Joslyn Clark
- Mitsubishi Electric
- Riken Electric Co.
- Schneider Electric SE
- Siemens AG
- Toshiba
- 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
1.3.1 Magnetic Contactors Market - By Product Type
1.3.2 Magnetic Contactors Market - By Voltage
1.3.3 Magnetic Contactors Market - By Industry
1.3.4 Magnetic Contactors Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNETIC CONTACTORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MAGNETIC CONTACTORS 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. MAGNETIC CONTACTORS MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC CONTACTORS - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC CONTACTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNETIC CONTACTORS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MAGNETIC STARTER
7.3.1. Overview
7.3.2. Magnetic Starter Market Forecast and Analysis
7.4. STAR-DELTA STARTER
7.4.1. Overview
7.4.2. Star-Delta Starter Market Forecast and Analysis
7.5. MERCURY-WETTED CONTRACTOR
7.5.1. Overview
7.5.2. Mercury-wetted Contractor Market Forecast and Analysis
8. MAGNETIC CONTACTORS MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
8.1. OVERVIEW
8.2. VOLTAGE MARKET FORECASTS AND ANALYSIS
8.3. LOW VOLTAGE
8.3.1. Overview
8.3.2. Low Voltage Market Forecast and Analysis
8.4. MEDIUM VOLTAGE
8.4.1. Overview
8.4.2. Medium Voltage Market Forecast and Analysis
8.5. HIGH VOLTAGE
8.5.1. Overview
8.5.2. High Voltage Market Forecast and Analysis
9. MAGNETIC CONTACTORS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
9.1. OVERVIEW
9.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. INDUSTRIAL MANUFACTURING
9.4.1. Overview
9.4.2. Industrial Manufacturing Market Forecast and Analysis
9.5. PRINTING AND PACKAGING
9.5.1. Overview
9.5.2. Printing and Packaging Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. MAGNETIC CONTACTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Magnetic Contactors Market Overview
10.1.2 North America Magnetic Contactors Market Forecasts and Analysis
10.1.3 North America Magnetic Contactors Market Forecasts and Analysis - By Product Type
10.1.4 North America Magnetic Contactors Market Forecasts and Analysis - By Voltage
10.1.5 North America Magnetic Contactors Market Forecasts and Analysis - By Industry
10.1.6 North America Magnetic Contactors Market Forecasts and Analysis - By Countries
10.1.6.1 United States Magnetic Contactors Market
10.1.6.1.1 United States Magnetic Contactors Market by Product Type
10.1.6.1.2 United States Magnetic Contactors Market by Voltage
10.1.6.1.3 United States Magnetic Contactors Market by Industry
10.1.6.2 Canada Magnetic Contactors Market
10.1.6.2.1 Canada Magnetic Contactors Market by Product Type
10.1.6.2.2 Canada Magnetic Contactors Market by Voltage
10.1.6.2.3 Canada Magnetic Contactors Market by Industry
10.1.6.3 Mexico Magnetic Contactors Market
10.1.6.3.1 Mexico Magnetic Contactors Market by Product Type
10.1.6.3.2 Mexico Magnetic Contactors Market by Voltage
10.1.6.3.3 Mexico Magnetic Contactors Market by Industry
10.2. EUROPE
10.2.1 Europe Magnetic Contactors Market Overview
10.2.2 Europe Magnetic Contactors Market Forecasts and Analysis
10.2.3 Europe Magnetic Contactors Market Forecasts and Analysis - By Product Type
10.2.4 Europe Magnetic Contactors Market Forecasts and Analysis - By Voltage
10.2.5 Europe Magnetic Contactors Market Forecasts and Analysis - By Industry
10.2.6 Europe Magnetic Contactors Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Magnetic Contactors Market
10.2.6.1.1 Germany Magnetic Contactors Market by Product Type
10.2.6.1.2 Germany Magnetic Contactors Market by Voltage
10.2.6.1.3 Germany Magnetic Contactors Market by Industry
10.2.6.2 France Magnetic Contactors Market
10.2.6.2.1 France Magnetic Contactors Market by Product Type
10.2.6.2.2 France Magnetic Contactors Market by Voltage
10.2.6.2.3 France Magnetic Contactors Market by Industry
10.2.6.3 Italy Magnetic Contactors Market
10.2.6.3.1 Italy Magnetic Contactors Market by Product Type
10.2.6.3.2 Italy Magnetic Contactors Market by Voltage
10.2.6.3.3 Italy Magnetic Contactors Market by Industry
10.2.6.4 United Kingdom Magnetic Contactors Market
10.2.6.4.1 United Kingdom Magnetic Contactors Market by Product Type
10.2.6.4.2 United Kingdom Magnetic Contactors Market by Voltage
10.2.6.4.3 United Kingdom Magnetic Contactors Market by Industry
10.2.6.5 Russia Magnetic Contactors Market
10.2.6.5.1 Russia Magnetic Contactors Market by Product Type
10.2.6.5.2 Russia Magnetic Contactors Market by Voltage
10.2.6.5.3 Russia Magnetic Contactors Market by Industry
10.2.6.6 Rest of Europe Magnetic Contactors Market
10.2.6.6.1 Rest of Europe Magnetic Contactors Market by Product Type
10.2.6.6.2 Rest of Europe Magnetic Contactors Market by Voltage
10.2.6.6.3 Rest of Europe Magnetic Contactors Market by Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Magnetic Contactors Market Overview
10.3.2 Asia-Pacific Magnetic Contactors Market Forecasts and Analysis
10.3.3 Asia-Pacific Magnetic Contactors Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Magnetic Contactors Market Forecasts and Analysis - By Voltage
10.3.5 Asia-Pacific Magnetic Contactors Market Forecasts and Analysis - By Industry
10.3.6 Asia-Pacific Magnetic Contactors Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Magnetic Contactors Market
10.3.6.1.1 Australia Magnetic Contactors Market by Product Type
10.3.6.1.2 Australia Magnetic Contactors Market by Voltage
10.3.6.1.3 Australia Magnetic Contactors Market by Industry
10.3.6.2 China Magnetic Contactors Market
10.3.6.2.1 China Magnetic Contactors Market by Product Type
10.3.6.2.2 China Magnetic Contactors Market by Voltage
10.3.6.2.3 China Magnetic Contactors Market by Industry
10.3.6.3 India Magnetic Contactors Market
10.3.6.3.1 India Magnetic Contactors Market by Product Type
10.3.6.3.2 India Magnetic Contactors Market by Voltage
10.3.6.3.3 India Magnetic Contactors Market by Industry
10.3.6.4 Japan Magnetic Contactors Market
10.3.6.4.1 Japan Magnetic Contactors Market by Product Type
10.3.6.4.2 Japan Magnetic Contactors Market by Voltage
10.3.6.4.3 Japan Magnetic Contactors Market by Industry
10.3.6.5 South Korea Magnetic Contactors Market
10.3.6.5.1 South Korea Magnetic Contactors Market by Product Type
10.3.6.5.2 South Korea Magnetic Contactors Market by Voltage
10.3.6.5.3 South Korea Magnetic Contactors Market by Industry
10.3.6.6 Rest of Asia-Pacific Magnetic Contactors Market
10.3.6.6.1 Rest of Asia-Pacific Magnetic Contactors Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Magnetic Contactors Market by Voltage
10.3.6.6.3 Rest of Asia-Pacific Magnetic Contactors Market by Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Magnetic Contactors Market Overview
10.4.2 Middle East and Africa Magnetic Contactors Market Forecasts and Analysis
10.4.3 Middle East and Africa Magnetic Contactors Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Magnetic Contactors Market Forecasts and Analysis - By Voltage
10.4.5 Middle East and Africa Magnetic Contactors Market Forecasts and Analysis - By Industry
10.4.6 Middle East and Africa Magnetic Contactors Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Magnetic Contactors Market
10.4.6.1.1 South Africa Magnetic Contactors Market by Product Type
10.4.6.1.2 South Africa Magnetic Contactors Market by Voltage
10.4.6.1.3 South Africa Magnetic Contactors Market by Industry
10.4.6.2 Saudi Arabia Magnetic Contactors Market
10.4.6.2.1 Saudi Arabia Magnetic Contactors Market by Product Type
10.4.6.2.2 Saudi Arabia Magnetic Contactors Market by Voltage
10.4.6.2.3 Saudi Arabia Magnetic Contactors Market by Industry
10.4.6.3 U.A.E Magnetic Contactors Market
10.4.6.3.1 U.A.E Magnetic Contactors Market by Product Type
10.4.6.3.2 U.A.E Magnetic Contactors Market by Voltage
10.4.6.3.3 U.A.E Magnetic Contactors Market by Industry
10.4.6.4 Rest of Middle East and Africa Magnetic Contactors Market
10.4.6.4.1 Rest of Middle East and Africa Magnetic Contactors Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Magnetic Contactors Market by Voltage
10.4.6.4.3 Rest of Middle East and Africa Magnetic Contactors Market by Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Magnetic Contactors Market Overview
10.5.2 South and Central America Magnetic Contactors Market Forecasts and Analysis
10.5.3 South and Central America Magnetic Contactors Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Magnetic Contactors Market Forecasts and Analysis - By Voltage
10.5.5 South and Central America Magnetic Contactors Market Forecasts and Analysis - By Industry
10.5.6 South and Central America Magnetic Contactors Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Magnetic Contactors Market
10.5.6.1.1 Brazil Magnetic Contactors Market by Product Type
10.5.6.1.2 Brazil Magnetic Contactors Market by Voltage
10.5.6.1.3 Brazil Magnetic Contactors Market by Industry
10.5.6.2 Argentina Magnetic Contactors Market
10.5.6.2.1 Argentina Magnetic Contactors Market by Product Type
10.5.6.2.2 Argentina Magnetic Contactors Market by Voltage
10.5.6.2.3 Argentina Magnetic Contactors Market by Industry
10.5.6.3 Rest of South and Central America Magnetic Contactors Market
10.5.6.3.1 Rest of South and Central America Magnetic Contactors Market by Product Type
10.5.6.3.2 Rest of South and Central America Magnetic Contactors Market by Voltage
10.5.6.3.3 Rest of South and Central America Magnetic Contactors Market by 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. MAGNETIC CONTACTORS MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
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. ELIAS GHALI AND SONS
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
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. ETI GROUP
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. JOSLYN CLARK
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. MITSUBISHI ELECTRIC
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. RIKEN ELECTRIC CO.
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. SCHNEIDER ELECTRIC SE
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. SIEMENS AG
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. TOSHIBA
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
1.ABB Ltd.
2.ELIAS GHALI and SONS
3.Eaton
4.ETI Group
5.Joslyn Clark
6.Mitsubishi Electric
7.Riken Electric Co.
8.Schneider Electric SE
9.Siemens AG
10.Toshiba
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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