The DC Drives Market is expected to register a CAGR of 5.2% 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 Voltage (Low Voltage, Medium Voltage); Power Rating (Low Power Drives, Medium Power Drives, High Power Drives); End-user (Oil and Gas, Power Generation, Food and Beverage, Metals and Mining, Chemicals and Petrochemicals, Others); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
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
The report DC Drives 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.
DC Drives Market Segmentation
Voltage- Low Voltage
- Medium Voltage
- Low Power Drives
- Medium Power Drives
- High Power Drives
- Oil and Gas
- Power Generation
- Food and Beverage
- Metals and Mining
- Chemicals and Petrochemicals
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
DC Drives Market Growth Drivers- Increasing Demand for Energy Efficiency: The growing emphasis on energy efficiency across various industries is a significant driver of the DC drives market. Companies are seeking to reduce operational costs and improve productivity by optimizing motor control. DC drives offer precise speed and torque control, leading to energy savings and enhanced performance. As industries become more environmentally conscious, the demand for energy-efficient solutions like DC drives is expected to rise, propelling market growth.
- Expansion of Industrial Automation: The rapid expansion of industrial automation is boosting the demand for DC drives. Automated processes require reliable and flexible motor control solutions to achieve optimal performance. DC drives are widely used in applications such as conveyors, pumps, and fans, where variable speed control is crucial. As industries invest in automation technologies to enhance operational efficiency, the adoption of DC drives is anticipated to increase significantly.
- Growth in Renewable Energy Applications: The rising adoption of renewable energy sources, such as wind and solar power, is driving the DC drives market. These drives are essential for controlling the operation of renewable energy systems, including wind turbines and solar inverters. As the global focus on sustainable energy solutions intensifies, the demand for DC drives to manage power generation and ensure efficient energy use will continue to grow, supporting market expansion.
- Shift Towards Digital Control Solutions: A significant trend in the DC drives market is the shift towards digital control solutions. Digital drives offer enhanced performance, flexibility, and ease of integration with modern automation systems. This trend is driven by the need for improved efficiency, real-time monitoring, and advanced diagnostic capabilities. As industries embrace digital transformation, the demand for advanced digital DC drives is expected to increase, shaping the future of motor control technology.
- Focus on Compact and Modular Designs: The trend towards compact and modular designs is gaining traction in the DC drives market. Manufacturers are increasingly developing smaller, lightweight drives that can be easily integrated into various applications while maintaining high performance. This trend is particularly important in industries where space constraints are a concern, such as robotics and consumer electronics. Compact and modular DC drives are becoming more popular, allowing for greater flexibility in system design and installation.
- Emerging Markets for Industrial Development: Emerging markets present significant growth opportunities for the DC drives market. As countries industrialize and invest in infrastructure development, the demand for efficient motor control solutions is expected to rise. DC drives can cater to various industries, including manufacturing, water treatment, and transportation, making them essential for modern industrial applications. Companies that target these emerging markets with tailored solutions can capitalize on the growing demand.
- Integration with Smart Technologies: The integration of DC drives with smart technologies, such as IoT and Industry 4.0, offers substantial opportunities for market growth. Smart DC drives equipped with advanced monitoring and control capabilities can optimize performance, enhance predictive maintenance, and improve overall system efficiency. As industries increasingly adopt smart technologies to streamline operations, the demand for DC drives that support these innovations will likely expand, providing manufacturers with new avenues for growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the DC Drives 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 DC Drives 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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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
Integration with Smart Technologies is anticipated to play a significant role in the global DC Drives Market in the coming years
Growth in Industrial Automation and Increased Demand for Energy Efficiency are the major factors driving the DC Drives Market
The DC Drives Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 DC Drives Market - By Voltage
1.3.2 DC Drives Market - By Power Rating
1.3.3 DC Drives Market - By End-user
1.3.4 DC Drives Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. DC DRIVES 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. DC DRIVES 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. DC DRIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. DC DRIVES - GLOBAL MARKET OVERVIEW
6.2. DC DRIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DC DRIVES MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
7.1. OVERVIEW
7.2. VOLTAGE MARKET FORECASTS AND ANALYSIS
7.3. LOW VOLTAGE
7.3.1. Overview
7.3.2. Low Voltage Market Forecast and Analysis
7.4. MEDIUM VOLTAGE
7.4.1. Overview
7.4.2. Medium Voltage Market Forecast and Analysis
8. DC DRIVES MARKET - REVENUE AND FORECASTS TO 2028 - POWER RATING
8.1. OVERVIEW
8.2. POWER RATING MARKET FORECASTS AND ANALYSIS
8.3. LOW POWER DRIVES
8.3.1. Overview
8.3.2. Low Power Drives Market Forecast and Analysis
8.4. MEDIUM POWER DRIVES
8.4.1. Overview
8.4.2. Medium Power Drives Market Forecast and Analysis
8.5. HIGH POWER DRIVES
8.5.1. Overview
8.5.2. High Power Drives Market Forecast and Analysis
9. DC DRIVES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER 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. POWER GENERATION
9.4.1. Overview
9.4.2. Power Generation Market Forecast and Analysis
9.5. FOOD AND BEVERAGE
9.5.1. Overview
9.5.2. Food and Beverage Market Forecast and Analysis
9.6. METALS AND MINING
9.6.1. Overview
9.6.2. Metals and Mining Market Forecast and Analysis
9.7. CHEMICALS AND PETROCHEMICALS
9.7.1. Overview
9.7.2. Chemicals and Petrochemicals Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. DC DRIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America DC Drives Market Overview
10.1.2 North America DC Drives Market Forecasts and Analysis
10.1.3 North America DC Drives Market Forecasts and Analysis - By Voltage
10.1.4 North America DC Drives Market Forecasts and Analysis - By Power Rating
10.1.5 North America DC Drives Market Forecasts and Analysis - By End-user
10.1.6 North America DC Drives Market Forecasts and Analysis - By Countries
10.1.6.1 United States DC Drives Market
10.1.6.1.1 United States DC Drives Market by Voltage
10.1.6.1.2 United States DC Drives Market by Power Rating
10.1.6.1.3 United States DC Drives Market by End-user
10.1.6.2 Canada DC Drives Market
10.1.6.2.1 Canada DC Drives Market by Voltage
10.1.6.2.2 Canada DC Drives Market by Power Rating
10.1.6.2.3 Canada DC Drives Market by End-user
10.1.6.3 Mexico DC Drives Market
10.1.6.3.1 Mexico DC Drives Market by Voltage
10.1.6.3.2 Mexico DC Drives Market by Power Rating
10.1.6.3.3 Mexico DC Drives Market by End-user
10.2. EUROPE
10.2.1 Europe DC Drives Market Overview
10.2.2 Europe DC Drives Market Forecasts and Analysis
10.2.3 Europe DC Drives Market Forecasts and Analysis - By Voltage
10.2.4 Europe DC Drives Market Forecasts and Analysis - By Power Rating
10.2.5 Europe DC Drives Market Forecasts and Analysis - By End-user
10.2.6 Europe DC Drives Market Forecasts and Analysis - By Countries
10.2.6.1 Germany DC Drives Market
10.2.6.1.1 Germany DC Drives Market by Voltage
10.2.6.1.2 Germany DC Drives Market by Power Rating
10.2.6.1.3 Germany DC Drives Market by End-user
10.2.6.2 France DC Drives Market
10.2.6.2.1 France DC Drives Market by Voltage
10.2.6.2.2 France DC Drives Market by Power Rating
10.2.6.2.3 France DC Drives Market by End-user
10.2.6.3 Italy DC Drives Market
10.2.6.3.1 Italy DC Drives Market by Voltage
10.2.6.3.2 Italy DC Drives Market by Power Rating
10.2.6.3.3 Italy DC Drives Market by End-user
10.2.6.4 United Kingdom DC Drives Market
10.2.6.4.1 United Kingdom DC Drives Market by Voltage
10.2.6.4.2 United Kingdom DC Drives Market by Power Rating
10.2.6.4.3 United Kingdom DC Drives Market by End-user
10.2.6.5 Russia DC Drives Market
10.2.6.5.1 Russia DC Drives Market by Voltage
10.2.6.5.2 Russia DC Drives Market by Power Rating
10.2.6.5.3 Russia DC Drives Market by End-user
10.2.6.6 Rest of Europe DC Drives Market
10.2.6.6.1 Rest of Europe DC Drives Market by Voltage
10.2.6.6.2 Rest of Europe DC Drives Market by Power Rating
10.2.6.6.3 Rest of Europe DC Drives Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific DC Drives Market Overview
10.3.2 Asia-Pacific DC Drives Market Forecasts and Analysis
10.3.3 Asia-Pacific DC Drives Market Forecasts and Analysis - By Voltage
10.3.4 Asia-Pacific DC Drives Market Forecasts and Analysis - By Power Rating
10.3.5 Asia-Pacific DC Drives Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific DC Drives Market Forecasts and Analysis - By Countries
10.3.6.1 Australia DC Drives Market
10.3.6.1.1 Australia DC Drives Market by Voltage
10.3.6.1.2 Australia DC Drives Market by Power Rating
10.3.6.1.3 Australia DC Drives Market by End-user
10.3.6.2 China DC Drives Market
10.3.6.2.1 China DC Drives Market by Voltage
10.3.6.2.2 China DC Drives Market by Power Rating
10.3.6.2.3 China DC Drives Market by End-user
10.3.6.3 India DC Drives Market
10.3.6.3.1 India DC Drives Market by Voltage
10.3.6.3.2 India DC Drives Market by Power Rating
10.3.6.3.3 India DC Drives Market by End-user
10.3.6.4 Japan DC Drives Market
10.3.6.4.1 Japan DC Drives Market by Voltage
10.3.6.4.2 Japan DC Drives Market by Power Rating
10.3.6.4.3 Japan DC Drives Market by End-user
10.3.6.5 South Korea DC Drives Market
10.3.6.5.1 South Korea DC Drives Market by Voltage
10.3.6.5.2 South Korea DC Drives Market by Power Rating
10.3.6.5.3 South Korea DC Drives Market by End-user
10.3.6.6 Rest of Asia-Pacific DC Drives Market
10.3.6.6.1 Rest of Asia-Pacific DC Drives Market by Voltage
10.3.6.6.2 Rest of Asia-Pacific DC Drives Market by Power Rating
10.3.6.6.3 Rest of Asia-Pacific DC Drives Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa DC Drives Market Overview
10.4.2 Middle East and Africa DC Drives Market Forecasts and Analysis
10.4.3 Middle East and Africa DC Drives Market Forecasts and Analysis - By Voltage
10.4.4 Middle East and Africa DC Drives Market Forecasts and Analysis - By Power Rating
10.4.5 Middle East and Africa DC Drives Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa DC Drives Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa DC Drives Market
10.4.6.1.1 South Africa DC Drives Market by Voltage
10.4.6.1.2 South Africa DC Drives Market by Power Rating
10.4.6.1.3 South Africa DC Drives Market by End-user
10.4.6.2 Saudi Arabia DC Drives Market
10.4.6.2.1 Saudi Arabia DC Drives Market by Voltage
10.4.6.2.2 Saudi Arabia DC Drives Market by Power Rating
10.4.6.2.3 Saudi Arabia DC Drives Market by End-user
10.4.6.3 U.A.E DC Drives Market
10.4.6.3.1 U.A.E DC Drives Market by Voltage
10.4.6.3.2 U.A.E DC Drives Market by Power Rating
10.4.6.3.3 U.A.E DC Drives Market by End-user
10.4.6.4 Rest of Middle East and Africa DC Drives Market
10.4.6.4.1 Rest of Middle East and Africa DC Drives Market by Voltage
10.4.6.4.2 Rest of Middle East and Africa DC Drives Market by Power Rating
10.4.6.4.3 Rest of Middle East and Africa DC Drives Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America DC Drives Market Overview
10.5.2 South and Central America DC Drives Market Forecasts and Analysis
10.5.3 South and Central America DC Drives Market Forecasts and Analysis - By Voltage
10.5.4 South and Central America DC Drives Market Forecasts and Analysis - By Power Rating
10.5.5 South and Central America DC Drives Market Forecasts and Analysis - By End-user
10.5.6 South and Central America DC Drives Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil DC Drives Market
10.5.6.1.1 Brazil DC Drives Market by Voltage
10.5.6.1.2 Brazil DC Drives Market by Power Rating
10.5.6.1.3 Brazil DC Drives Market by End-user
10.5.6.2 Argentina DC Drives Market
10.5.6.2.1 Argentina DC Drives Market by Voltage
10.5.6.2.2 Argentina DC Drives Market by Power Rating
10.5.6.2.3 Argentina DC Drives Market by End-user
10.5.6.3 Rest of South and Central America DC Drives Market
10.5.6.3.1 Rest of South and Central America DC Drives Market by Voltage
10.5.6.3.2 Rest of South and Central America DC Drives Market by Power Rating
10.5.6.3.3 Rest of South and Central America DC Drives Market by End-user
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. DC DRIVES MARKET, KEY COMPANY PROFILES
12.1. ABB
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. BARDAC CORPORATION
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. CAROTRON
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. CG POWER AND INDUSTRIAL SOLUTIONS 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. EMERSON ELECTRIC CO.
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. EUROTHERM (SCHNEIDER 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. MITSUBISHI ELECTRIC 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. PARKER HANNIFIN CORP
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. ROCKWELL AUTOMATION, INC.
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 INTERNATIONAL CORPORATION LTD.
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
2. Bardac Corporation
3. Carotron
4. CG Power and Industrial Solutions Limited
5. Emerson Electric Co.
6. Eurotherm (Schneider Electric)
7. Mitsubishi Electric Corporation
8. PARKER HANNIFIN CORP
9. Rockwell Automation, Inc.
10. Toshiba International Corporation Ltd.
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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