The Safety Valves Market is expected to register a CAGR of 8.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Material (Steel, Alloy, Cast Iron, Cryogenic, Others), Size (Less Than 1”, 1” to 10”, 11” to 20” and 20’ & Above), End-Use (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Safety Valves Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Safety Valves Market Segmentation
Material- Steel
- Alloy
- Cast Iron
- Cryogenic
- Others
- Less Than 1”
- 1” to 10”
- 11” to 20” and 20’ & Above
- Oil & Gas
- Energy & Power
- Chemicals
- Food & Beverage
- Water & Wastewater Treatment
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Safety Valves Market Growth Drivers- Industrial Safety Regulations:Safety valve usage is being driven by industry standards and strict government restrictions for process safety. Updated safety regulations, guidelines for pressure equipment, and pollution control requirements must all be followed by organizations. Mandatory safety equipment updates in aged buildings and regular inspection requirements increase market demand even more.
- Oil & Gas Infrastructure Expansion:Growing investments in oil and gas infrastructure, particularly in emerging economies, fuel safety valve demand. New pipeline projects, LNG terminals, and processing facilities require high-performance safety valves. The increasing complexity of process operations and high-pressure applications necessitates advanced safety valve systems.
- Smart Safety Valve Integration: The industry is witnessing increased integration of smart technologies in safety valve systems. IoT sensors, wireless monitoring capabilities, and predictive maintenance features are being incorporated into modern safety valves. Real-time monitoring and automated testing capabilities enable proactive maintenance and improved reliability.
- Stringent Safety and Regulatory Standards: One of the key drivers of the safety valves market is the increasing implementation of safety regulations and standards across various industries. Government agencies worldwide, including the Occupational Safety and Health Administration (OSHA) in the U.S. and the European Union’s Pressure Equipment Directive (PED), are enforcing strict guidelines for the safe operation of pressure vessels and pipelines. Safety valves are critical in ensuring compliance with these regulations, as they prevent overpressure conditions by releasing excess pressure from systems in industries such as oil and gas, chemicals, pharmaceuticals, and manufacturing. As regulatory pressures increase, the demand for safety valves to maintain operational safety and compliance is growing.
- Growth of Renewable Energy Sector: The expansion of renewable energy infrastructure, including wind, solar, and hydroelectric power, is an emerging opportunity for the safety valves market. Renewable energy plants, like conventional power plants, require robust safety systems to prevent accidents and ensure efficient operation. Safety valves are essential components for protecting equipment in these plants. As governments and industries globally continue to invest in renewable energy projects, there will be increased demand for safety valves to ensure the safe operation of these new energy systems. Companies can capitalize on this trend by developing specialized safety valves tailored to the unique needs of renewable energy installations.
- Modernization Projects:Aging industrial infrastructure worldwide creates opportunities for safety valve replacements and upgrades. Plants seeking to improve efficiency and safety performance require modern valve systems. The push for digitalization in traditional industries drives demand for smart safety valve solutions.
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Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Safety Valves Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Safety Valves Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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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
- 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.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Smart safety valve integration to play a significant role in the global safety valves market in the coming years
Industrial safety regulations and oil & gas infrastructure expansion are the major factors driving the safety valves market
The Safety Valves Market is estimated to witness a CAGR of 8.3% from 2023 to 2031
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 Safety Valves Market - By Size
1.3.2 Safety Valves Market - By Material
1.3.3 Safety Valves Market - By Industry Vertical
1.3.4 Safety Valves Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SAFETY VALVES 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. SAFETY VALVES 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. SAFETY VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1. SAFETY VALVES - GLOBAL MARKET OVERVIEW
6.2. SAFETY VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SAFETY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - SIZE
7.1. OVERVIEW
7.2. SIZE MARKET FORECASTS AND ANALYSIS
7.3. LESS THAN 1 INCH
7.3.1. Overview
7.3.2. Less than 1 inch Market Forecast and Analysis
7.4. 1-6 INCH
7.4.1. Overview
7.4.2. 1-6 inch Market Forecast and Analysis
7.5. 6 - 25 INCH
7.5.1. Overview
7.5.2. 6 - 25 inch Market Forecast and Analysis
7.6. 25 - 50-INCH
7.6.1. Overview
7.6.2. 25 - 50-inch Market Forecast and Analysis
7.7. MORE THAN 50 INCH
7.7.1. Overview
7.7.2. More than 50 inch Market Forecast and Analysis
8. SAFETY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. STAINLESS STEEL
8.3.1. Overview
8.3.2. Stainless Steel Market Forecast and Analysis
8.4. CAST IRON
8.4.1. Overview
8.4.2. Cast Iron Market Forecast and Analysis
8.5. ALLOY
8.5.1. Overview
8.5.2. Alloy Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. SAFETY VALVES 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. ENERGY AND POWER
9.4.1. Overview
9.4.2. Energy and Power Market Forecast and Analysis
9.5. WATER AND WASTEWATER
9.5.1. Overview
9.5.2. Water and Wastewater Market Forecast and Analysis
10. SAFETY VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Safety Valves Market Overview
10.1.2 North America Safety Valves Market Forecasts and Analysis
10.1.3 North America Safety Valves Market Forecasts and Analysis - By Size
10.1.4 North America Safety Valves Market Forecasts and Analysis - By Material
10.1.5 North America Safety Valves Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Safety Valves Market Forecasts and Analysis - By Countries
10.1.6.1 United States Safety Valves Market
10.1.6.1.1 United States Safety Valves Market by Size
10.1.6.1.2 United States Safety Valves Market by Material
10.1.6.1.3 United States Safety Valves Market by Industry Vertical
10.1.6.2 Canada Safety Valves Market
10.1.6.2.1 Canada Safety Valves Market by Size
10.1.6.2.2 Canada Safety Valves Market by Material
10.1.6.2.3 Canada Safety Valves Market by Industry Vertical
10.1.6.3 Mexico Safety Valves Market
10.1.6.3.1 Mexico Safety Valves Market by Size
10.1.6.3.2 Mexico Safety Valves Market by Material
10.1.6.3.3 Mexico Safety Valves Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Safety Valves Market Overview
10.2.2 Europe Safety Valves Market Forecasts and Analysis
10.2.3 Europe Safety Valves Market Forecasts and Analysis - By Size
10.2.4 Europe Safety Valves Market Forecasts and Analysis - By Material
10.2.5 Europe Safety Valves Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Safety Valves Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Safety Valves Market
10.2.6.1.1 Germany Safety Valves Market by Size
10.2.6.1.2 Germany Safety Valves Market by Material
10.2.6.1.3 Germany Safety Valves Market by Industry Vertical
10.2.6.2 France Safety Valves Market
10.2.6.2.1 France Safety Valves Market by Size
10.2.6.2.2 France Safety Valves Market by Material
10.2.6.2.3 France Safety Valves Market by Industry Vertical
10.2.6.3 Italy Safety Valves Market
10.2.6.3.1 Italy Safety Valves Market by Size
10.2.6.3.2 Italy Safety Valves Market by Material
10.2.6.3.3 Italy Safety Valves Market by Industry Vertical
10.2.6.4 United Kingdom Safety Valves Market
10.2.6.4.1 United Kingdom Safety Valves Market by Size
10.2.6.4.2 United Kingdom Safety Valves Market by Material
10.2.6.4.3 United Kingdom Safety Valves Market by Industry Vertical
10.2.6.5 Russia Safety Valves Market
10.2.6.5.1 Russia Safety Valves Market by Size
10.2.6.5.2 Russia Safety Valves Market by Material
10.2.6.5.3 Russia Safety Valves Market by Industry Vertical
10.2.6.6 Rest of Europe Safety Valves Market
10.2.6.6.1 Rest of Europe Safety Valves Market by Size
10.2.6.6.2 Rest of Europe Safety Valves Market by Material
10.2.6.6.3 Rest of Europe Safety Valves Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Safety Valves Market Overview
10.3.2 Asia-Pacific Safety Valves Market Forecasts and Analysis
10.3.3 Asia-Pacific Safety Valves Market Forecasts and Analysis - By Size
10.3.4 Asia-Pacific Safety Valves Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Safety Valves Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Safety Valves Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Safety Valves Market
10.3.6.1.1 Australia Safety Valves Market by Size
10.3.6.1.2 Australia Safety Valves Market by Material
10.3.6.1.3 Australia Safety Valves Market by Industry Vertical
10.3.6.2 China Safety Valves Market
10.3.6.2.1 China Safety Valves Market by Size
10.3.6.2.2 China Safety Valves Market by Material
10.3.6.2.3 China Safety Valves Market by Industry Vertical
10.3.6.3 India Safety Valves Market
10.3.6.3.1 India Safety Valves Market by Size
10.3.6.3.2 India Safety Valves Market by Material
10.3.6.3.3 India Safety Valves Market by Industry Vertical
10.3.6.4 Japan Safety Valves Market
10.3.6.4.1 Japan Safety Valves Market by Size
10.3.6.4.2 Japan Safety Valves Market by Material
10.3.6.4.3 Japan Safety Valves Market by Industry Vertical
10.3.6.5 South Korea Safety Valves Market
10.3.6.5.1 South Korea Safety Valves Market by Size
10.3.6.5.2 South Korea Safety Valves Market by Material
10.3.6.5.3 South Korea Safety Valves Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Safety Valves Market
10.3.6.6.1 Rest of Asia-Pacific Safety Valves Market by Size
10.3.6.6.2 Rest of Asia-Pacific Safety Valves Market by Material
10.3.6.6.3 Rest of Asia-Pacific Safety Valves Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Safety Valves Market Overview
10.4.2 Middle East and Africa Safety Valves Market Forecasts and Analysis
10.4.3 Middle East and Africa Safety Valves Market Forecasts and Analysis - By Size
10.4.4 Middle East and Africa Safety Valves Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Safety Valves Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Safety Valves Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Safety Valves Market
10.4.6.1.1 South Africa Safety Valves Market by Size
10.4.6.1.2 South Africa Safety Valves Market by Material
10.4.6.1.3 South Africa Safety Valves Market by Industry Vertical
10.4.6.2 Saudi Arabia Safety Valves Market
10.4.6.2.1 Saudi Arabia Safety Valves Market by Size
10.4.6.2.2 Saudi Arabia Safety Valves Market by Material
10.4.6.2.3 Saudi Arabia Safety Valves Market by Industry Vertical
10.4.6.3 U.A.E Safety Valves Market
10.4.6.3.1 U.A.E Safety Valves Market by Size
10.4.6.3.2 U.A.E Safety Valves Market by Material
10.4.6.3.3 U.A.E Safety Valves Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Safety Valves Market
10.4.6.4.1 Rest of Middle East and Africa Safety Valves Market by Size
10.4.6.4.2 Rest of Middle East and Africa Safety Valves Market by Material
10.4.6.4.3 Rest of Middle East and Africa Safety Valves Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Safety Valves Market Overview
10.5.2 South and Central America Safety Valves Market Forecasts and Analysis
10.5.3 South and Central America Safety Valves Market Forecasts and Analysis - By Size
10.5.4 South and Central America Safety Valves Market Forecasts and Analysis - By Material
10.5.5 South and Central America Safety Valves Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Safety Valves Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Safety Valves Market
10.5.6.1.1 Brazil Safety Valves Market by Size
10.5.6.1.2 Brazil Safety Valves Market by Material
10.5.6.1.3 Brazil Safety Valves Market by Industry Vertical
10.5.6.2 Argentina Safety Valves Market
10.5.6.2.1 Argentina Safety Valves Market by Size
10.5.6.2.2 Argentina Safety Valves Market by Material
10.5.6.2.3 Argentina Safety Valves Market by Industry Vertical
10.5.6.3 Rest of South and Central America Safety Valves Market
10.5.6.3.1 Rest of South and Central America Safety Valves Market by Size
10.5.6.3.2 Rest of South and Central America Safety Valves Market by Material
10.5.6.3.3 Rest of South and Central America Safety Valves 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. SAFETY VALVES MARKET, KEY COMPANY PROFILES
12.1. ALFA LAVAL
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. BAKER HUGHES (A GE COMPANY)
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. BOSCH REXROTH
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. CURTISS-WRIGHT CORPORATION
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. EMERSON
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. FORBES MARSHALL
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. IMI PLC
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. LESER
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. SCHLUMBERGER
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. WEIR GROUP
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
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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