DC Power Supplies Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: DC Power Supplies Market covers analysis by Type (AC-DC, DC-DC); Output Power (High (100-250 kW), Medium (10-100 kW), Low (Up to 10 kW)); Application (Automotive, Aerospace and Defense, Energy, Wireless Communication, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00009293
  • Category : Energy and Power
  • No. of Pages : 150
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DC Power Supplies Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

A DC power supply is used for supplying a constant DC voltage to its load. It may be powered from a DC or from an AC source, depending on the design. The increasing need for testing of products that undergo harsh, rugged, and extreme environmental conditions in military & avionics is anticipated to drive the growth for the high output power supplies in the DC power supplies market. For this reason, the North American region is likely to experience high growth during the forecast period.

MARKET DYNAMICS

The DC power supplies market is projected to grow rapidly in the forecast period owing to driving factors such as a surge in demands for energy-efficient DC power supplies along with increasing usage of the same in IoT test applications. However, country-wise safety standards may hinder the growth of the DC power supplies market during the forecast period. On the other hand, the increasing number of data centers and the growing usage of DC power supplies across the medical and healthcare segment would create lucrative growth prospects for the DC power supplies market in the future.

MARKET SCOPE

The "Global DC Power Supplies Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of DC power supplies market with detailed market segmentation by type, output power, application, and geography. The global DC power supplies market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading DC power supplies market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global DC power supplies market is segmented on the basis of type, output power, and application. Based on type, the market is segmented as AC-DC and DC-DC. On the basis of the ourput power, the market is segmented as high (100-250 kW), medium (10-100 kW), and low (up to 10 kW). The market on the basis of the application is classified as automotive, aerospace & defense, energy, wireless communication, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global DC power supplies 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 DC power supplies 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 DC power supplies 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 DC power supplies market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global DC power supplies 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 DC power supplies 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 DC power supplies 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 DC power supplies market in these regions.

MARKET PLAYERS

The reports cover key developments in the DC power supplies 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 the way for the expansion of business and customer base of market players. The market players from DC power supplies market are anticipated to lucrative growth opportunities in the future with the rising demand for DC power supplies in the global market. Below mentioned is the list of few companies engaged in the DC power supplies market.

The report also includes the profiles of key DC power supplies companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- Adaptive Power Systems (APS)
- Advanced Energy Industries, Inc.
- AMETEK Inc.
- B&K Precision Corporation
- Chroma ATE Inc.
- Good Will Instrument Co., Ltd.
- Magna-Power Electronics, Inc.
- Regatron AG
- Rohde & Schwarz
- TDK Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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 DC Power Supplies Market - By Type
1.3.2 DC Power Supplies Market - By Output Power
1.3.3 DC Power Supplies Market - By Application
1.3.4 DC Power Supplies Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DC POWER SUPPLIES 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. EXPERT OPINIONS

5. DC POWER SUPPLIES 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 POWER SUPPLIES MARKET - GLOBAL MARKET ANALYSIS
6.1. DC POWER SUPPLIES - GLOBAL MARKET OVERVIEW
6.2. DC POWER SUPPLIES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DC POWER SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AC-DC
7.3.1. Overview
7.3.2. AC-DC Market Forecast and Analysis
7.4. DC-DC
7.4.1. Overview
7.4.2. DC-DC Market Forecast and Analysis
8. DC POWER SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - OUTPUT POWER
8.1. OVERVIEW
8.2. OUTPUT POWER MARKET FORECASTS AND ANALYSIS
8.3. HIGH (100-250 KW)
8.3.1. Overview
8.3.2. High (100-250 kW) Market Forecast and Analysis
8.4. MEDIUM (10-100 KW)
8.4.1. Overview
8.4.2. Medium (10-100 kW) Market Forecast and Analysis
8.5. LOW (UP TO 10 KW)
8.5.1. Overview
8.5.2. Low (Up to 10 kW) Market Forecast and Analysis
9. DC POWER SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. AEROSPACE AND DEFENSE
9.4.1. Overview
9.4.2. Aerospace and Defense Market Forecast and Analysis
9.5. ENERGY
9.5.1. Overview
9.5.2. Energy Market Forecast and Analysis
9.6. WIRELESS COMMUNICATION
9.6.1. Overview
9.6.2. Wireless Communication Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis

10. DC POWER SUPPLIES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America DC Power Supplies Market Overview
10.1.2 North America DC Power Supplies Market Forecasts and Analysis
10.1.3 North America DC Power Supplies Market Forecasts and Analysis - By Type
10.1.4 North America DC Power Supplies Market Forecasts and Analysis - By Output Power
10.1.5 North America DC Power Supplies Market Forecasts and Analysis - By Application
10.1.6 North America DC Power Supplies Market Forecasts and Analysis - By Countries
10.1.6.1 United States DC Power Supplies Market
10.1.6.1.1 United States DC Power Supplies Market by Type
10.1.6.1.2 United States DC Power Supplies Market by Output Power
10.1.6.1.3 United States DC Power Supplies Market by Application
10.1.6.2 Canada DC Power Supplies Market
10.1.6.2.1 Canada DC Power Supplies Market by Type
10.1.6.2.2 Canada DC Power Supplies Market by Output Power
10.1.6.2.3 Canada DC Power Supplies Market by Application
10.1.6.3 Mexico DC Power Supplies Market
10.1.6.3.1 Mexico DC Power Supplies Market by Type
10.1.6.3.2 Mexico DC Power Supplies Market by Output Power
10.1.6.3.3 Mexico DC Power Supplies Market by Application
10.2. EUROPE
10.2.1 Europe DC Power Supplies Market Overview
10.2.2 Europe DC Power Supplies Market Forecasts and Analysis
10.2.3 Europe DC Power Supplies Market Forecasts and Analysis - By Type
10.2.4 Europe DC Power Supplies Market Forecasts and Analysis - By Output Power
10.2.5 Europe DC Power Supplies Market Forecasts and Analysis - By Application
10.2.6 Europe DC Power Supplies Market Forecasts and Analysis - By Countries
10.2.6.1 Germany DC Power Supplies Market
10.2.6.1.1 Germany DC Power Supplies Market by Type
10.2.6.1.2 Germany DC Power Supplies Market by Output Power
10.2.6.1.3 Germany DC Power Supplies Market by Application
10.2.6.2 France DC Power Supplies Market
10.2.6.2.1 France DC Power Supplies Market by Type
10.2.6.2.2 France DC Power Supplies Market by Output Power
10.2.6.2.3 France DC Power Supplies Market by Application
10.2.6.3 Italy DC Power Supplies Market
10.2.6.3.1 Italy DC Power Supplies Market by Type
10.2.6.3.2 Italy DC Power Supplies Market by Output Power
10.2.6.3.3 Italy DC Power Supplies Market by Application
10.2.6.4 United Kingdom DC Power Supplies Market
10.2.6.4.1 United Kingdom DC Power Supplies Market by Type
10.2.6.4.2 United Kingdom DC Power Supplies Market by Output Power
10.2.6.4.3 United Kingdom DC Power Supplies Market by Application
10.2.6.5 Russia DC Power Supplies Market
10.2.6.5.1 Russia DC Power Supplies Market by Type
10.2.6.5.2 Russia DC Power Supplies Market by Output Power
10.2.6.5.3 Russia DC Power Supplies Market by Application
10.2.6.6 Rest of Europe DC Power Supplies Market
10.2.6.6.1 Rest of Europe DC Power Supplies Market by Type
10.2.6.6.2 Rest of Europe DC Power Supplies Market by Output Power
10.2.6.6.3 Rest of Europe DC Power Supplies Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific DC Power Supplies Market Overview
10.3.2 Asia-Pacific DC Power Supplies Market Forecasts and Analysis
10.3.3 Asia-Pacific DC Power Supplies Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific DC Power Supplies Market Forecasts and Analysis - By Output Power
10.3.5 Asia-Pacific DC Power Supplies Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific DC Power Supplies Market Forecasts and Analysis - By Countries
10.3.6.1 Australia DC Power Supplies Market
10.3.6.1.1 Australia DC Power Supplies Market by Type
10.3.6.1.2 Australia DC Power Supplies Market by Output Power
10.3.6.1.3 Australia DC Power Supplies Market by Application
10.3.6.2 China DC Power Supplies Market
10.3.6.2.1 China DC Power Supplies Market by Type
10.3.6.2.2 China DC Power Supplies Market by Output Power
10.3.6.2.3 China DC Power Supplies Market by Application
10.3.6.3 India DC Power Supplies Market
10.3.6.3.1 India DC Power Supplies Market by Type
10.3.6.3.2 India DC Power Supplies Market by Output Power
10.3.6.3.3 India DC Power Supplies Market by Application
10.3.6.4 Japan DC Power Supplies Market
10.3.6.4.1 Japan DC Power Supplies Market by Type
10.3.6.4.2 Japan DC Power Supplies Market by Output Power
10.3.6.4.3 Japan DC Power Supplies Market by Application
10.3.6.5 South Korea DC Power Supplies Market
10.3.6.5.1 South Korea DC Power Supplies Market by Type
10.3.6.5.2 South Korea DC Power Supplies Market by Output Power
10.3.6.5.3 South Korea DC Power Supplies Market by Application
10.3.6.6 Rest of Asia-Pacific DC Power Supplies Market
10.3.6.6.1 Rest of Asia-Pacific DC Power Supplies Market by Type
10.3.6.6.2 Rest of Asia-Pacific DC Power Supplies Market by Output Power
10.3.6.6.3 Rest of Asia-Pacific DC Power Supplies Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa DC Power Supplies Market Overview
10.4.2 Middle East and Africa DC Power Supplies Market Forecasts and Analysis
10.4.3 Middle East and Africa DC Power Supplies Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa DC Power Supplies Market Forecasts and Analysis - By Output Power
10.4.5 Middle East and Africa DC Power Supplies Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa DC Power Supplies Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa DC Power Supplies Market
10.4.6.1.1 South Africa DC Power Supplies Market by Type
10.4.6.1.2 South Africa DC Power Supplies Market by Output Power
10.4.6.1.3 South Africa DC Power Supplies Market by Application
10.4.6.2 Saudi Arabia DC Power Supplies Market
10.4.6.2.1 Saudi Arabia DC Power Supplies Market by Type
10.4.6.2.2 Saudi Arabia DC Power Supplies Market by Output Power
10.4.6.2.3 Saudi Arabia DC Power Supplies Market by Application
10.4.6.3 U.A.E DC Power Supplies Market
10.4.6.3.1 U.A.E DC Power Supplies Market by Type
10.4.6.3.2 U.A.E DC Power Supplies Market by Output Power
10.4.6.3.3 U.A.E DC Power Supplies Market by Application
10.4.6.4 Rest of Middle East and Africa DC Power Supplies Market
10.4.6.4.1 Rest of Middle East and Africa DC Power Supplies Market by Type
10.4.6.4.2 Rest of Middle East and Africa DC Power Supplies Market by Output Power
10.4.6.4.3 Rest of Middle East and Africa DC Power Supplies Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America DC Power Supplies Market Overview
10.5.2 South and Central America DC Power Supplies Market Forecasts and Analysis
10.5.3 South and Central America DC Power Supplies Market Forecasts and Analysis - By Type
10.5.4 South and Central America DC Power Supplies Market Forecasts and Analysis - By Output Power
10.5.5 South and Central America DC Power Supplies Market Forecasts and Analysis - By Application
10.5.6 South and Central America DC Power Supplies Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil DC Power Supplies Market
10.5.6.1.1 Brazil DC Power Supplies Market by Type
10.5.6.1.2 Brazil DC Power Supplies Market by Output Power
10.5.6.1.3 Brazil DC Power Supplies Market by Application
10.5.6.2 Argentina DC Power Supplies Market
10.5.6.2.1 Argentina DC Power Supplies Market by Type
10.5.6.2.2 Argentina DC Power Supplies Market by Output Power
10.5.6.2.3 Argentina DC Power Supplies Market by Application
10.5.6.3 Rest of South and Central America DC Power Supplies Market
10.5.6.3.1 Rest of South and Central America DC Power Supplies Market by Type
10.5.6.3.2 Rest of South and Central America DC Power Supplies Market by Output Power
10.5.6.3.3 Rest of South and Central America DC Power Supplies Market by Application

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 POWER SUPPLIES MARKET, KEY COMPANY PROFILES
12.1. ADAPTIVE POWER SYSTEMS (APS)
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. ADVANCED ENERGY INDUSTRIES, 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. AMETEK INC.
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. B AND K PRECISION 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. CHROMA ATE INC.
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. GOOD WILL INSTRUMENT CO., LTD.
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. MAGNA-POWER ELECTRONICS, INC.
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. REGATRON AG
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. ROHDE AND SCHWARZ
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. TDK CORPORATION
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

1. Adaptive Power Systems (APS)
2. Advanced Energy Industries, Inc.
3. AMETEK Inc.
4. B and K Precision Corporation
5. Chroma ATE Inc.
6. Good Will Instrument Co., Ltd.
7. Magna-Power Electronics, Inc.
8. Regatron AG
9. Rohde and Schwarz
10. TDK Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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