Brushless DC Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The brushless DC motor is encompassed with a rotor in the form of permanent magnet and stator in the form of polyphase armature windings. The brushless DC motors (BLDC) exhibit the feature of controllability and high efficiency. The BLDC is heavily used in several applications.
MARKET DYNAMICS
The brushless DC motors market is driven due to an increase in the usage of BLDC in plenty of industrial application. Moreover, the favorable scenario of government regulations also contributes to growing the brushless DC motors. Nevertheless, growth in the number of industries in emerging economies is projected to provide significant opportunities to the players operating in the Brushless DC motors market.
MARKET SCOPE
The "Global Brushless DC Motors Market Analysis to 2028" 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 brushless DC motors market with detailed market segmentation by type, voltage, industry vertical, and geography. The global Brushless DC motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Brushless DC motors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Brushless DC Motors Market is segmented on the basis of type, voltage, and industry vertical. Based on type, the market is segmented inner rotor brushless DC motor and outer rotor brushless DC motor. On the basis of voltage, the Brushless DC motors market is segmented into 0-750 Watt, 750-3kWatt, 3kW-75kW, 75kW and above. The brushless DC motors market on the basis of the industry vertical is classified into transport, consumer electronics, automotive, medical devices, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Brushless DC motors 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 Brushless DC motors 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 Brushless DC motors 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 Brushless DC motors in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Brushless DC motors 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 Brushless DC motors 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 Brushless DC motors 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 Brushless DC motors in these regions.
MARKET PLAYERSThe reports cover key developments in the Brushless DC motors 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 Brushless DC motors market are anticipated to lucrative growth opportunities in the future with the rising demand for Brushless DC motors in the global market. Below mentioned is the list of few companies engaged in the Brushless DC motors market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Brushless DC motors 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.
- Ametek Inc.
- Allied Motion Inc.
- Bühler Motor GmbH
- Johnson Electric Holdings Limited
- maxon motor AG
- MinebeaMitsumi Inc.
- Nidec Corporation
- Portescap (Danaher Corporation)
- Regal Beloit Corporation
- Siemens AG
- 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
1.3.1Brushless DC Motors Market - By Type
1.3.2Brushless DC Motors Market - By Voltage
1.3.3Brushless DC Motors Market - By Industry Vertical
1.3.4Brushless DC Motors Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.BRUSHLESS DC MOTORS 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.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.BRUSHLESS DC MOTORS 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.BRUSHLESS DC MOTORS MARKET - GLOBAL MARKET ANALYSIS
6.1.BRUSHLESS DC MOTORS - GLOBAL MARKET OVERVIEW
6.2.BRUSHLESS DC MOTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BRUSHLESS DC MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.INNER ROTOR BRUSHLESS DC MOTOR
7.3.1.Overview
7.3.2.Inner Rotor Brushless DC Motor Market Forecast and Analysis
7.4.OUTER ROTOR BRUSHLESS DC MOTOR
7.4.1.Overview
7.4.2.Outer Rotor Brushless DC Motor Market Forecast and Analysis
8.BRUSHLESS DC MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
8.1.OVERVIEW
8.2.VOLTAGE MARKET FORECASTS AND ANALYSIS
8.3.0-750 WATT
8.3.1.Overview
8.3.2.0-750 Watt Market Forecast and Analysis
8.4.750-3KWATT
8.4.1.Overview
8.4.2.750-3kWatt Market Forecast and Analysis
8.5.3KW-75KW
8.5.1.Overview
8.5.2.3kW-75kW Market Forecast and Analysis
8.6.75KW AND ABOVE
8.6.1.Overview
8.6.2.75kW and Above Market Forecast and Analysis
9.BRUSHLESS DC MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1.OVERVIEW
9.2.INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.TRANSPORT
9.3.1.Overview
9.3.2.Transport Market Forecast and Analysis
9.4.CONSUMER ELECTRONICS
9.4.1.Overview
9.4.2.Consumer Electronics Market Forecast and Analysis
9.5.AUTOMOTIVE
9.5.1.Overview
9.5.2.Automotive Market Forecast and Analysis
9.6.MEDICAL DEVICES
9.6.1.Overview
9.6.2.Medical Devices Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.BRUSHLESS DC MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Brushless DC Motors Market Overview
10.1.2North America Brushless DC Motors Market Forecasts and Analysis
10.1.3North America Brushless DC Motors Market Forecasts and Analysis - By Type
10.1.4North America Brushless DC Motors Market Forecasts and Analysis - By Voltage
10.1.5North America Brushless DC Motors Market Forecasts and Analysis - By Industry Vertical
10.1.6North America Brushless DC Motors Market Forecasts and Analysis - By Countries
10.1.6.1United States Brushless DC Motors Market
10.1.6.1.1United States Brushless DC Motors Market by Type
10.1.6.1.2United States Brushless DC Motors Market by Voltage
10.1.6.1.3United States Brushless DC Motors Market by Industry Vertical
10.1.6.2Canada Brushless DC Motors Market
10.1.6.2.1Canada Brushless DC Motors Market by Type
10.1.6.2.2Canada Brushless DC Motors Market by Voltage
10.1.6.2.3Canada Brushless DC Motors Market by Industry Vertical
10.1.6.3Mexico Brushless DC Motors Market
10.1.6.3.1Mexico Brushless DC Motors Market by Type
10.1.6.3.2Mexico Brushless DC Motors Market by Voltage
10.1.6.3.3Mexico Brushless DC Motors Market by Industry Vertical
10.2.EUROPE
10.2.1Europe Brushless DC Motors Market Overview
10.2.2Europe Brushless DC Motors Market Forecasts and Analysis
10.2.3Europe Brushless DC Motors Market Forecasts and Analysis - By Type
10.2.4Europe Brushless DC Motors Market Forecasts and Analysis - By Voltage
10.2.5Europe Brushless DC Motors Market Forecasts and Analysis - By Industry Vertical
10.2.6Europe Brushless DC Motors Market Forecasts and Analysis - By Countries
10.2.6.1Germany Brushless DC Motors Market
10.2.6.1.1Germany Brushless DC Motors Market by Type
10.2.6.1.2Germany Brushless DC Motors Market by Voltage
10.2.6.1.3Germany Brushless DC Motors Market by Industry Vertical
10.2.6.2France Brushless DC Motors Market
10.2.6.2.1France Brushless DC Motors Market by Type
10.2.6.2.2France Brushless DC Motors Market by Voltage
10.2.6.2.3France Brushless DC Motors Market by Industry Vertical
10.2.6.3Italy Brushless DC Motors Market
10.2.6.3.1Italy Brushless DC Motors Market by Type
10.2.6.3.2Italy Brushless DC Motors Market by Voltage
10.2.6.3.3Italy Brushless DC Motors Market by Industry Vertical
10.2.6.4United Kingdom Brushless DC Motors Market
10.2.6.4.1United Kingdom Brushless DC Motors Market by Type
10.2.6.4.2United Kingdom Brushless DC Motors Market by Voltage
10.2.6.4.3United Kingdom Brushless DC Motors Market by Industry Vertical
10.2.6.5Russia Brushless DC Motors Market
10.2.6.5.1Russia Brushless DC Motors Market by Type
10.2.6.5.2Russia Brushless DC Motors Market by Voltage
10.2.6.5.3Russia Brushless DC Motors Market by Industry Vertical
10.2.6.6Rest of Europe Brushless DC Motors Market
10.2.6.6.1Rest of Europe Brushless DC Motors Market by Type
10.2.6.6.2Rest of Europe Brushless DC Motors Market by Voltage
10.2.6.6.3Rest of Europe Brushless DC Motors Market by Industry Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Brushless DC Motors Market Overview
10.3.2Asia-Pacific Brushless DC Motors Market Forecasts and Analysis
10.3.3Asia-Pacific Brushless DC Motors Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Brushless DC Motors Market Forecasts and Analysis - By Voltage
10.3.5Asia-Pacific Brushless DC Motors Market Forecasts and Analysis - By Industry Vertical
10.3.6Asia-Pacific Brushless DC Motors Market Forecasts and Analysis - By Countries
10.3.6.1Australia Brushless DC Motors Market
10.3.6.1.1Australia Brushless DC Motors Market by Type
10.3.6.1.2Australia Brushless DC Motors Market by Voltage
10.3.6.1.3Australia Brushless DC Motors Market by Industry Vertical
10.3.6.2China Brushless DC Motors Market
10.3.6.2.1China Brushless DC Motors Market by Type
10.3.6.2.2China Brushless DC Motors Market by Voltage
10.3.6.2.3China Brushless DC Motors Market by Industry Vertical
10.3.6.3India Brushless DC Motors Market
10.3.6.3.1India Brushless DC Motors Market by Type
10.3.6.3.2India Brushless DC Motors Market by Voltage
10.3.6.3.3India Brushless DC Motors Market by Industry Vertical
10.3.6.4Japan Brushless DC Motors Market
10.3.6.4.1Japan Brushless DC Motors Market by Type
10.3.6.4.2Japan Brushless DC Motors Market by Voltage
10.3.6.4.3Japan Brushless DC Motors Market by Industry Vertical
10.3.6.5South Korea Brushless DC Motors Market
10.3.6.5.1South Korea Brushless DC Motors Market by Type
10.3.6.5.2South Korea Brushless DC Motors Market by Voltage
10.3.6.5.3South Korea Brushless DC Motors Market by Industry Vertical
10.3.6.6Rest of Asia-Pacific Brushless DC Motors Market
10.3.6.6.1Rest of Asia-Pacific Brushless DC Motors Market by Type
10.3.6.6.2Rest of Asia-Pacific Brushless DC Motors Market by Voltage
10.3.6.6.3Rest of Asia-Pacific Brushless DC Motors Market by Industry Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Brushless DC Motors Market Overview
10.4.2Middle East and Africa Brushless DC Motors Market Forecasts and Analysis
10.4.3Middle East and Africa Brushless DC Motors Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Brushless DC Motors Market Forecasts and Analysis - By Voltage
10.4.5Middle East and Africa Brushless DC Motors Market Forecasts and Analysis - By Industry Vertical
10.4.6Middle East and Africa Brushless DC Motors Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Brushless DC Motors Market
10.4.6.1.1South Africa Brushless DC Motors Market by Type
10.4.6.1.2South Africa Brushless DC Motors Market by Voltage
10.4.6.1.3South Africa Brushless DC Motors Market by Industry Vertical
10.4.6.2Saudi Arabia Brushless DC Motors Market
10.4.6.2.1Saudi Arabia Brushless DC Motors Market by Type
10.4.6.2.2Saudi Arabia Brushless DC Motors Market by Voltage
10.4.6.2.3Saudi Arabia Brushless DC Motors Market by Industry Vertical
10.4.6.3U.A.E Brushless DC Motors Market
10.4.6.3.1U.A.E Brushless DC Motors Market by Type
10.4.6.3.2U.A.E Brushless DC Motors Market by Voltage
10.4.6.3.3U.A.E Brushless DC Motors Market by Industry Vertical
10.4.6.4Rest of Middle East and Africa Brushless DC Motors Market
10.4.6.4.1Rest of Middle East and Africa Brushless DC Motors Market by Type
10.4.6.4.2Rest of Middle East and Africa Brushless DC Motors Market by Voltage
10.4.6.4.3Rest of Middle East and Africa Brushless DC Motors Market by Industry Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Brushless DC Motors Market Overview
10.5.2South and Central America Brushless DC Motors Market Forecasts and Analysis
10.5.3South and Central America Brushless DC Motors Market Forecasts and Analysis - By Type
10.5.4South and Central America Brushless DC Motors Market Forecasts and Analysis - By Voltage
10.5.5South and Central America Brushless DC Motors Market Forecasts and Analysis - By Industry Vertical
10.5.6South and Central America Brushless DC Motors Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Brushless DC Motors Market
10.5.6.1.1Brazil Brushless DC Motors Market by Type
10.5.6.1.2Brazil Brushless DC Motors Market by Voltage
10.5.6.1.3Brazil Brushless DC Motors Market by Industry Vertical
10.5.6.2Argentina Brushless DC Motors Market
10.5.6.2.1Argentina Brushless DC Motors Market by Type
10.5.6.2.2Argentina Brushless DC Motors Market by Voltage
10.5.6.2.3Argentina Brushless DC Motors Market by Industry Vertical
10.5.6.3Rest of South and Central America Brushless DC Motors Market
10.5.6.3.1Rest of South and Central America Brushless DC Motors Market by Type
10.5.6.3.2Rest of South and Central America Brushless DC Motors Market by Voltage
10.5.6.3.3Rest of South and Central America Brushless DC Motors 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.BRUSHLESS DC MOTORS MARKET, KEY COMPANY PROFILES
12.1.AMETEK INC.
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.ALLIED MOTION INC.
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.BüHLER MOTOR GMBH
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.JOHNSON ELECTRIC HOLDINGS LIMITED
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.MAXON MOTOR AG
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.MINEBEAMITSUMI INC.
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.NIDEC CORPORATION
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.PORTESCAP (DANAHER CORPORATION)
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.REGAL BELOIT CORPORATION
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
1.Ametek Inc.
2.Allied Motion Inc.
3.Bühler Motor GmbH
4.Johnson Electric Holdings Limited
5.maxon motor AG
6.MinebeaMitsumi Inc.
7.Nidec Corporation
8.Portescap (Danaher Corporation)
9.Regal Beloit Corporation
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.
- 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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