The Butterfly Valves Market is expected to register a CAGR of 5.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The market is segmented into by Type, Mechanism, Function, and End Use Industry. The Type segment is divided into High-performance, Lined. Based on Mechanism, the market is segmented into Centric, Eccentric. Based on function the market is segmented into On/Off, Control. Based on End-Use Industry, the market is segmented into Oil and Gas, Electric power, Chemical, Water and Waste Water, Others.
Purpose of the ReportThe report Butterfly 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.
Butterfly Valves Market Segmentation
Type- High-performance
- Lined
- Centric
- Eccentric
- On/Off
- Control
- Oil and Gas
- Electric power
- Chemical
- Water and Waste Water
- Others
Strategic Insights
Butterfly Valves Market Growth Drivers- Growing demand in various industries:The butterfly valve market has immense growth as demand increases with increasing sectors, such as water treatment, oil and gas industries, and chemical processing industries that require efficient flow solutions. Butterfly valves can handle a wide range of pressures and temperature because of their versatility, which helps boost the market size.
- Emergence of Valve Technology:Technological advancements in valve design and material are driving the butterfly valve market. Increased features like automation, smart controls, and enhanced seal mechanisms lead to higher reliability and efficiency. Manufacturers are investing in R&D to produce more advanced butterfly valves that observe strict industry standards, thus boosting market growth.
- Regulatory Compliance and Environmental Concerns: The use of efficient flow control solutions, such as butterfly valves, is driven because of the strict regulations on the emissions and protection of the environment. More industries are oriented toward leakage reduction and safety norms compliance. The demand will be high for high-performance butterfly valves with better seals and lesser impact on the environment, promoting market demand.
- Shift Towards Automation: Automation trend in industrial processes has heavily influenced the butterfly valve market. As more industry 4.0 and IoT technologies are becoming a requirement, there is an ever-increasing need for an automated valve system with higher control and monitoring efficiency. This trend forces manufacturers to develop smart butterfly valves integrating with control systems, therefore ensuring optimal performance and efficiency.
- Lightweight Material Preference: More often, butterfly valves are designed using lightweight materials, especially plastic and composite materials, to lower the overall weight of the valves and their increased resistance to corrosion with longer lifetimes. For some applications where weight reduction becomes a very important factor in either aerospace or marine industries, these are especially relevant.
- Expansion in Emerging Markets: The butterfly valve market will grow remarkably in emerging economies. Faster industrialization, urbanization and infrastructure development in Asian Pacific regions, Latin American countries and African nations enhance demand in efficient flow control solutions and companies can bank on such trends by expanding presence in order to offer products with characteristics exactly suitable for specific requirements from such markets.
- Technological Development and Customization: There is great opportunity for innovation and provision of customized butterfly valves for particular applications from manufacturers. With valves of varied sizes, pressure ratings, materials, and unique specifications, companies can address small markets and increase customer satisfaction. Research and development will help manufacturers keep pace with growing industrial demands and ensure their competitive position.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Butterfly 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 Butterfly 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.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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
Alfa Laval AB, AVK Holding A/S, Crane Co., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, KSB SE and Co. KGaA, Schlumberger Limited, The Weir Group PLC, Velan In
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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.
Presence of alternative products
The major factors driving the butterfly valvesmarket are: Growing Demand in Oil and Gas Industry
The Butterfly Valves Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Type (High-performance, Lined); Mechanism (Centric, Eccentric); Function (On/Off, Control); End-Use Industry (Oil and Gas, Electric power, Chemical, Water and Waste Water, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 5.5% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Butterfly Valves Market - By Type
1.3.2Butterfly Valves Market - By Mechanism
1.3.3Butterfly Valves Market - By Function
1.3.4Butterfly Valves Market - By End-Use Industry
1.3.5Butterfly Valves Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BUTTERFLY VALVES 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.BUTTERFLY 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.BUTTERFLY VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1.BUTTERFLY VALVES - GLOBAL MARKET OVERVIEW
6.2.BUTTERFLY VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BUTTERFLY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.HIGH-PERFORMANCE
7.3.1.Overview
7.3.2.High-performance Market Forecast and Analysis
7.4.LINED
7.4.1.Overview
7.4.2.Lined Market Forecast and Analysis
8.BUTTERFLY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - MECHANISM
8.1.OVERVIEW
8.2.MECHANISM MARKET FORECASTS AND ANALYSIS
8.3.CENTRIC
8.3.1.Overview
8.3.2.Centric Market Forecast and Analysis
8.4.ECCENTRIC
8.4.1.Overview
8.4.2.Eccentric Market Forecast and Analysis
9.BUTTERFLY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1.OVERVIEW
9.2.FUNCTION MARKET FORECASTS AND ANALYSIS
9.3.ON/OFF
9.3.1.Overview
9.3.2.On/Off Market Forecast and Analysis
9.4.CONTROL
9.4.1.Overview
9.4.2.Control Market Forecast and Analysis
10.BUTTERFLY VALVES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1.OVERVIEW
10.2.END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3.OIL AND GAS
10.3.1.Overview
10.3.2.Oil and Gas Market Forecast and Analysis
10.4.ELECTRIC POWER
10.4.1.Overview
10.4.2.Electric power Market Forecast and Analysis
10.5.CHEMICAL
10.5.1.Overview
10.5.2.Chemical Market Forecast and Analysis
10.6.WATER AND WASTE WATER
10.6.1.Overview
10.6.2.Water and Waste Water Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.BUTTERFLY VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Butterfly Valves Market Overview
11.1.2North America Butterfly Valves Market Forecasts and Analysis
11.1.3North America Butterfly Valves Market Forecasts and Analysis - By Type
11.1.4North America Butterfly Valves Market Forecasts and Analysis - By Mechanism
11.1.5North America Butterfly Valves Market Forecasts and Analysis - By Function
11.1.6North America Butterfly Valves Market Forecasts and Analysis - By End-Use Industry
11.1.7North America Butterfly Valves Market Forecasts and Analysis - By Countries
11.1.7.1United States Butterfly Valves Market
11.1.7.1.1United States Butterfly Valves Market by Type
11.1.7.1.2United States Butterfly Valves Market by Mechanism
11.1.7.1.3United States Butterfly Valves Market by Function
11.1.7.1.4United States Butterfly Valves Market by End-Use Industry
11.1.7.2Canada Butterfly Valves Market
11.1.7.2.1Canada Butterfly Valves Market by Type
11.1.7.2.2Canada Butterfly Valves Market by Mechanism
11.1.7.2.3Canada Butterfly Valves Market by Function
11.1.7.2.4Canada Butterfly Valves Market by End-Use Industry
11.1.7.3Mexico Butterfly Valves Market
11.1.7.3.1Mexico Butterfly Valves Market by Type
11.1.7.3.2Mexico Butterfly Valves Market by Mechanism
11.1.7.3.3Mexico Butterfly Valves Market by Function
11.1.7.3.4Mexico Butterfly Valves Market by End-Use Industry
11.2.EUROPE
11.2.1Europe Butterfly Valves Market Overview
11.2.2Europe Butterfly Valves Market Forecasts and Analysis
11.2.3Europe Butterfly Valves Market Forecasts and Analysis - By Type
11.2.4Europe Butterfly Valves Market Forecasts and Analysis - By Mechanism
11.2.5Europe Butterfly Valves Market Forecasts and Analysis - By Function
11.2.6Europe Butterfly Valves Market Forecasts and Analysis - By End-Use Industry
11.2.7Europe Butterfly Valves Market Forecasts and Analysis - By Countries
11.2.7.1Germany Butterfly Valves Market
11.2.7.1.1Germany Butterfly Valves Market by Type
11.2.7.1.2Germany Butterfly Valves Market by Mechanism
11.2.7.1.3Germany Butterfly Valves Market by Function
11.2.7.1.4Germany Butterfly Valves Market by End-Use Industry
11.2.7.2France Butterfly Valves Market
11.2.7.2.1France Butterfly Valves Market by Type
11.2.7.2.2France Butterfly Valves Market by Mechanism
11.2.7.2.3France Butterfly Valves Market by Function
11.2.7.2.4France Butterfly Valves Market by End-Use Industry
11.2.7.3Italy Butterfly Valves Market
11.2.7.3.1Italy Butterfly Valves Market by Type
11.2.7.3.2Italy Butterfly Valves Market by Mechanism
11.2.7.3.3Italy Butterfly Valves Market by Function
11.2.7.3.4Italy Butterfly Valves Market by End-Use Industry
11.2.7.4United Kingdom Butterfly Valves Market
11.2.7.4.1United Kingdom Butterfly Valves Market by Type
11.2.7.4.2United Kingdom Butterfly Valves Market by Mechanism
11.2.7.4.3United Kingdom Butterfly Valves Market by Function
11.2.7.4.4United Kingdom Butterfly Valves Market by End-Use Industry
11.2.7.5Russia Butterfly Valves Market
11.2.7.5.1Russia Butterfly Valves Market by Type
11.2.7.5.2Russia Butterfly Valves Market by Mechanism
11.2.7.5.3Russia Butterfly Valves Market by Function
11.2.7.5.4Russia Butterfly Valves Market by End-Use Industry
11.2.7.6Rest of Europe Butterfly Valves Market
11.2.7.6.1Rest of Europe Butterfly Valves Market by Type
11.2.7.6.2Rest of Europe Butterfly Valves Market by Mechanism
11.2.7.6.3Rest of Europe Butterfly Valves Market by Function
11.2.7.6.4Rest of Europe Butterfly Valves Market by End-Use Industry
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Butterfly Valves Market Overview
11.3.2Asia-Pacific Butterfly Valves Market Forecasts and Analysis
11.3.3Asia-Pacific Butterfly Valves Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Butterfly Valves Market Forecasts and Analysis - By Mechanism
11.3.5Asia-Pacific Butterfly Valves Market Forecasts and Analysis - By Function
11.3.6Asia-Pacific Butterfly Valves Market Forecasts and Analysis - By End-Use Industry
11.3.7Asia-Pacific Butterfly Valves Market Forecasts and Analysis - By Countries
11.3.7.1Australia Butterfly Valves Market
11.3.7.1.1Australia Butterfly Valves Market by Type
11.3.7.1.2Australia Butterfly Valves Market by Mechanism
11.3.7.1.3Australia Butterfly Valves Market by Function
11.3.7.1.4Australia Butterfly Valves Market by End-Use Industry
11.3.7.2China Butterfly Valves Market
11.3.7.2.1China Butterfly Valves Market by Type
11.3.7.2.2China Butterfly Valves Market by Mechanism
11.3.7.2.3China Butterfly Valves Market by Function
11.3.7.2.4China Butterfly Valves Market by End-Use Industry
11.3.7.3India Butterfly Valves Market
11.3.7.3.1India Butterfly Valves Market by Type
11.3.7.3.2India Butterfly Valves Market by Mechanism
11.3.7.3.3India Butterfly Valves Market by Function
11.3.7.3.4India Butterfly Valves Market by End-Use Industry
11.3.7.4Japan Butterfly Valves Market
11.3.7.4.1Japan Butterfly Valves Market by Type
11.3.7.4.2Japan Butterfly Valves Market by Mechanism
11.3.7.4.3Japan Butterfly Valves Market by Function
11.3.7.4.4Japan Butterfly Valves Market by End-Use Industry
11.3.7.5South Korea Butterfly Valves Market
11.3.7.5.1South Korea Butterfly Valves Market by Type
11.3.7.5.2South Korea Butterfly Valves Market by Mechanism
11.3.7.5.3South Korea Butterfly Valves Market by Function
11.3.7.5.4South Korea Butterfly Valves Market by End-Use Industry
11.3.7.6Rest of Asia-Pacific Butterfly Valves Market
11.3.7.6.1Rest of Asia-Pacific Butterfly Valves Market by Type
11.3.7.6.2Rest of Asia-Pacific Butterfly Valves Market by Mechanism
11.3.7.6.3Rest of Asia-Pacific Butterfly Valves Market by Function
11.3.7.6.4Rest of Asia-Pacific Butterfly Valves Market by End-Use Industry
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Butterfly Valves Market Overview
11.4.2Middle East and Africa Butterfly Valves Market Forecasts and Analysis
11.4.3Middle East and Africa Butterfly Valves Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Butterfly Valves Market Forecasts and Analysis - By Mechanism
11.4.5Middle East and Africa Butterfly Valves Market Forecasts and Analysis - By Function
11.4.6Middle East and Africa Butterfly Valves Market Forecasts and Analysis - By End-Use Industry
11.4.7Middle East and Africa Butterfly Valves Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Butterfly Valves Market
11.4.7.1.1South Africa Butterfly Valves Market by Type
11.4.7.1.2South Africa Butterfly Valves Market by Mechanism
11.4.7.1.3South Africa Butterfly Valves Market by Function
11.4.7.1.4South Africa Butterfly Valves Market by End-Use Industry
11.4.7.2Saudi Arabia Butterfly Valves Market
11.4.7.2.1Saudi Arabia Butterfly Valves Market by Type
11.4.7.2.2Saudi Arabia Butterfly Valves Market by Mechanism
11.4.7.2.3Saudi Arabia Butterfly Valves Market by Function
11.4.7.2.4Saudi Arabia Butterfly Valves Market by End-Use Industry
11.4.7.3U.A.E Butterfly Valves Market
11.4.7.3.1U.A.E Butterfly Valves Market by Type
11.4.7.3.2U.A.E Butterfly Valves Market by Mechanism
11.4.7.3.3U.A.E Butterfly Valves Market by Function
11.4.7.3.4U.A.E Butterfly Valves Market by End-Use Industry
11.4.7.4Rest of Middle East and Africa Butterfly Valves Market
11.4.7.4.1Rest of Middle East and Africa Butterfly Valves Market by Type
11.4.7.4.2Rest of Middle East and Africa Butterfly Valves Market by Mechanism
11.4.7.4.3Rest of Middle East and Africa Butterfly Valves Market by Function
11.4.7.4.4Rest of Middle East and Africa Butterfly Valves Market by End-Use Industry
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Butterfly Valves Market Overview
11.5.2South and Central America Butterfly Valves Market Forecasts and Analysis
11.5.3South and Central America Butterfly Valves Market Forecasts and Analysis - By Type
11.5.4South and Central America Butterfly Valves Market Forecasts and Analysis - By Mechanism
11.5.5South and Central America Butterfly Valves Market Forecasts and Analysis - By Function
11.5.6South and Central America Butterfly Valves Market Forecasts and Analysis - By End-Use Industry
11.5.7South and Central America Butterfly Valves Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Butterfly Valves Market
11.5.7.1.1Brazil Butterfly Valves Market by Type
11.5.7.1.2Brazil Butterfly Valves Market by Mechanism
11.5.7.1.3Brazil Butterfly Valves Market by Function
11.5.7.1.4Brazil Butterfly Valves Market by End-Use Industry
11.5.7.2Argentina Butterfly Valves Market
11.5.7.2.1Argentina Butterfly Valves Market by Type
11.5.7.2.2Argentina Butterfly Valves Market by Mechanism
11.5.7.2.3Argentina Butterfly Valves Market by Function
11.5.7.2.4Argentina Butterfly Valves Market by End-Use Industry
11.5.7.3Rest of South and Central America Butterfly Valves Market
11.5.7.3.1Rest of South and Central America Butterfly Valves Market by Type
11.5.7.3.2Rest of South and Central America Butterfly Valves Market by Mechanism
11.5.7.3.3Rest of South and Central America Butterfly Valves Market by Function
11.5.7.3.4Rest of South and Central America Butterfly Valves Market by End-Use Industry
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.BUTTERFLY VALVES MARKET, KEY COMPANY PROFILES
13.1.ALFA LAVAL AB
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.AVK HOLDING A/S
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.CRANE CO.
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.CURTISS-WRIGHT CORPORATION
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.EMERSON ELECTRIC CO.
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.FLOWSERVE CORPORATION
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.KSB SE AND CO. KGAA
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.SCHLUMBERGER LIMITED
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.THE WEIR GROUP PLC
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.VELAN INC.
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.Alfa Laval AB
2.AVK Holding A/S
3.Crane Co.
4.Curtiss-Wright Corporation
5.Emerson Electric Co.
6.Flowserve Corporation
7.KSB SE and Co. KGaA
8.Schlumberger Limited
9.The Weir Group PLC
10.Velan Inc.
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.
Get Free Sample For