The Dielectric Fluids Market is expected to register a CAGR of 7.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The dielectric fluids market is segmented into type, application, and geography. Based in type, the market is segmented into water based, hydrogen oil based, gas based, and others. Based on application, the market is segmented into transformers, electric discharge machining, capacitors, and others. The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Dielectric Fluids 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.
Dielectric Fluids Market Segmentation
Type- Water Based
- Hydrogen Oil Based
- Gas Based
- Transformers
- Electric Discharge Machining
- Capacitors
Strategic Insights
Dielectric Fluids Market Growth Drivers- Role of Dielectric Fluids in Renewable Energy and Electrical Systems: The global surge towards renewable energy, particularly solar and wind power, is creating a rising demand for dielectric fluids. These fluids are substantially used in power transformers as well as other electrical components in installations of renewable energy. As nations are spending more on clean energy infrastructures, the need for reliable insulation as well as cooling media offered by dielectric fluids increases for the proper working as well as the safe operation of the electric system.
- Impact of Electric Vehicle Growth on Dielectric Fluid Demand: The growth of Electric vehicles is another major driver of the market for dielectric fluids. With electric mobility on the rise in the auto sector, the need for advanced dielectric fluids in high voltage systems, batteries, and power electronics has become more and more steadily increasing. These fluids cool down the electrical components, hence improving their performance and efficiency along with the longevity of the electric vehicle itself. More increased demand for electric vehicle use worldwide will further increase the demand for dielectric fluids.
- Advancements in Electrical Equipment Driving Demand for Enhanced Dielectric Fluids: With increased efficiency of transformers, circuit breakers, and capacitors, newly developed electrical and power equipment comes about. Such equipment requires particular dielectric fluids to work maximally and safely. Advances in fluid formulations and materials are also driving growth in this market, such as synthetic dielectric fluids, which provide better thermal stability, environmental safety, and fire resistance. Innovations of such type are highly crucial to ensure that the next-generation electrical equipment can withstand higher voltages and function under increasingly stringent environments.
- Move Towards Eco-Friendly and Biodegradable Fluids: There is an increasing demand for green dielectric fluids driven by rising environmental regulations and sustainability issues. Biodegradable fluids, based on natural esters, are emerging as a preferred option due to lower environmental impact on spill or leak. These fluids are meeting strict environmental requirements and provide superior fire safety and cooling properties, so the product is extremely attractive for end-users looking for sustainable solutions.
- Growing Demand for High-Performance Fluids in Electric Vehicles: As demand grows for electric vehicles, the dielectric fluids market is moving toward the development of special, high-performance fluids aimed at usage in cooling for electric vehicle batteries and other power electronics. These fluids maintain optimal operating temperatures, avoid overheating, and encourage long-lasting parts for EVs. Manufacturers are beginning to bet their money on R&D for the production of dielectric fluids that will cope with the higher thermal requirements of modern electric vehicle systems.
- Smarter Grid Technology Becomes Obvious: Smarter grid technology slowly gains ground as better ways of monitoring and managing the delivery of electricity open doors to more applications for dielectric fluids. Smart grids require more efficient and reliable power equipment. Dielectric fluids, therefore, play an important role as they ensure the safe operation of a transformer and circuit breaker. The integration of IoT and advanced analytics further requires more advanced dielectric fluids that can hold up in challenging, real-time monitoring environments.
- Infrastructure growth in emerging markets: The expanding infrastructure base in emerging markets, such as Asia Pacific, Africa, and Latin America, offers high prospects for growth in the market of dielectric fluids. As these regions enhance their industrialization and modernize their power generation and distribution systems, the demand for dielectric fluids for the efficient operation of electrical equipment will rise. For example, renewable energy adoption in those regions shall be another major driver for dielectric fluids for solar, wind, and hydropower installations.
- Next-Generation Dielectric Fluid Development: The quest for sustainability and performance provides immense scope for companies to innovate and develop next-generation dielectric fluids. Fluids that have higher electrical insulation properties, provide improved cooling efficiency, and are safe for the environment are widely required. It also opens up potential opportunities for new formulations to the manufacturers tapping into this fast-growing market by addressing the needs of these high-performance applications: electric vehicles, data centers, and renewable energy systems.
- Securing Opportunity in Power Transformers: The rise in investments in power infrastructure, such as urbanization and industrialization, presents a significant opportunity for dielectric fluid suppliers. In power transformers, dielectric fluids are used as insulators and coolants to ensure efficient operation of these transformers. With the growing size of grids and complexity of electrical systems, better quality dielectric fluids will be needed for transformer applications, thus presenting a big potential market for expansion in the industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dielectric Fluids 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 Dielectric Fluids 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
Shift towards eco-friendly and biodegradable fluids is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
The major factors driving the dielectric fluids market are:
1.Growth in Renewable Energy Sector
2. Electrification of Transportation
3M Company, Cargill, Incorporated, Engineered Fluids, Green Revolution Cooling, Inc., M and I Materials Ltd., NYCO, Repsol S.A., Shrieve Chemical Company, Soltex Inc., and Solvay SA are some of the players operating in the market.
On the basis of geography, the dielectric fluids market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The Dielectric Fluids Market is estimated to witness a CAGR of 7.0% 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 Dielectric Fluids Market - By Type
1.3.2 Dielectric Fluids Market - By Application
1.3.3 Dielectric Fluids Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIELECTRIC FLUIDS 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. DIELECTRIC FLUIDS 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. DIELECTRIC FLUIDS MARKET - GLOBAL MARKET ANALYSIS
6.1. DIELECTRIC FLUIDS - GLOBAL MARKET OVERVIEW
6.2. DIELECTRIC FLUIDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIELECTRIC FLUIDS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WATER BASED
7.3.1. Overview
7.3.2. Water Based Market Forecast and Analysis
7.4. HYDROCARBON OIL BASED
7.4.1. Overview
7.4.2. Hydrocarbon Oil Based Market Forecast and Analysis
7.5. GAS BASED
7.5.1. Overview
7.5.2. Gas Based Market Forecast and Analysis
8. DIELECTRIC FLUIDS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WINDMILL TRANSFORMERS
8.3.1. Overview
8.3.2. Windmill Transformers Market Forecast and Analysis
8.4. TRACTION TRANSFORMERS
8.4.1. Overview
8.4.2. Traction Transformers Market Forecast and Analysis
8.5. ELECTRICAL DISCHARGE MACHINING (EDM)
8.5.1. Overview
8.5.2. Electrical discharge machining (EDM) Market Forecast and Analysis
8.6. CAPACITORS
8.6.1. Overview
8.6.2. Capacitors Market Forecast and Analysis
8.7. OFF-SHORE TRANSFORMERS
8.7.1. Overview
8.7.2. Off-shore Transformers Market Forecast and Analysis
8.8. DISTRIBUTION TRANSFORMERS
8.8.1. Overview
8.8.2. Distribution transformers Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. DIELECTRIC FLUIDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Dielectric Fluids Market Overview
9.1.2 North America Dielectric Fluids Market Forecasts and Analysis
9.1.3 North America Dielectric Fluids Market Forecasts and Analysis - By Type
9.1.4 North America Dielectric Fluids Market Forecasts and Analysis - By Application
9.1.5 North America Dielectric Fluids Market Forecasts and Analysis - By Countries
9.1.5.1 United States Dielectric Fluids Market
9.1.5.1.1 United States Dielectric Fluids Market by Type
9.1.5.1.2 United States Dielectric Fluids Market by Application
9.1.5.2 Canada Dielectric Fluids Market
9.1.5.2.1 Canada Dielectric Fluids Market by Type
9.1.5.2.2 Canada Dielectric Fluids Market by Application
9.1.5.3 Mexico Dielectric Fluids Market
9.1.5.3.1 Mexico Dielectric Fluids Market by Type
9.1.5.3.2 Mexico Dielectric Fluids Market by Application
9.2. EUROPE
9.2.1 Europe Dielectric Fluids Market Overview
9.2.2 Europe Dielectric Fluids Market Forecasts and Analysis
9.2.3 Europe Dielectric Fluids Market Forecasts and Analysis - By Type
9.2.4 Europe Dielectric Fluids Market Forecasts and Analysis - By Application
9.2.5 Europe Dielectric Fluids Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Dielectric Fluids Market
9.2.5.1.1 Germany Dielectric Fluids Market by Type
9.2.5.1.2 Germany Dielectric Fluids Market by Application
9.2.5.2 France Dielectric Fluids Market
9.2.5.2.1 France Dielectric Fluids Market by Type
9.2.5.2.2 France Dielectric Fluids Market by Application
9.2.5.3 Italy Dielectric Fluids Market
9.2.5.3.1 Italy Dielectric Fluids Market by Type
9.2.5.3.2 Italy Dielectric Fluids Market by Application
9.2.5.4 United Kingdom Dielectric Fluids Market
9.2.5.4.1 United Kingdom Dielectric Fluids Market by Type
9.2.5.4.2 United Kingdom Dielectric Fluids Market by Application
9.2.5.5 Russia Dielectric Fluids Market
9.2.5.5.1 Russia Dielectric Fluids Market by Type
9.2.5.5.2 Russia Dielectric Fluids Market by Application
9.2.5.6 Rest of Europe Dielectric Fluids Market
9.2.5.6.1 Rest of Europe Dielectric Fluids Market by Type
9.2.5.6.2 Rest of Europe Dielectric Fluids Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Dielectric Fluids Market Overview
9.3.2 Asia-Pacific Dielectric Fluids Market Forecasts and Analysis
9.3.3 Asia-Pacific Dielectric Fluids Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Dielectric Fluids Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Dielectric Fluids Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Dielectric Fluids Market
9.3.5.1.1 Australia Dielectric Fluids Market by Type
9.3.5.1.2 Australia Dielectric Fluids Market by Application
9.3.5.2 China Dielectric Fluids Market
9.3.5.2.1 China Dielectric Fluids Market by Type
9.3.5.2.2 China Dielectric Fluids Market by Application
9.3.5.3 India Dielectric Fluids Market
9.3.5.3.1 India Dielectric Fluids Market by Type
9.3.5.3.2 India Dielectric Fluids Market by Application
9.3.5.4 Japan Dielectric Fluids Market
9.3.5.4.1 Japan Dielectric Fluids Market by Type
9.3.5.4.2 Japan Dielectric Fluids Market by Application
9.3.5.5 South Korea Dielectric Fluids Market
9.3.5.5.1 South Korea Dielectric Fluids Market by Type
9.3.5.5.2 South Korea Dielectric Fluids Market by Application
9.3.5.6 Rest of Asia-Pacific Dielectric Fluids Market
9.3.5.6.1 Rest of Asia-Pacific Dielectric Fluids Market by Type
9.3.5.6.2 Rest of Asia-Pacific Dielectric Fluids Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Dielectric Fluids Market Overview
9.4.2 Middle East and Africa Dielectric Fluids Market Forecasts and Analysis
9.4.3 Middle East and Africa Dielectric Fluids Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Dielectric Fluids Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Dielectric Fluids Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Dielectric Fluids Market
9.4.5.1.1 South Africa Dielectric Fluids Market by Type
9.4.5.1.2 South Africa Dielectric Fluids Market by Application
9.4.5.2 Saudi Arabia Dielectric Fluids Market
9.4.5.2.1 Saudi Arabia Dielectric Fluids Market by Type
9.4.5.2.2 Saudi Arabia Dielectric Fluids Market by Application
9.4.5.3 U.A.E Dielectric Fluids Market
9.4.5.3.1 U.A.E Dielectric Fluids Market by Type
9.4.5.3.2 U.A.E Dielectric Fluids Market by Application
9.4.5.4 Rest of Middle East and Africa Dielectric Fluids Market
9.4.5.4.1 Rest of Middle East and Africa Dielectric Fluids Market by Type
9.4.5.4.2 Rest of Middle East and Africa Dielectric Fluids Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Dielectric Fluids Market Overview
9.5.2 South and Central America Dielectric Fluids Market Forecasts and Analysis
9.5.3 South and Central America Dielectric Fluids Market Forecasts and Analysis - By Type
9.5.4 South and Central America Dielectric Fluids Market Forecasts and Analysis - By Application
9.5.5 South and Central America Dielectric Fluids Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Dielectric Fluids Market
9.5.5.1.1 Brazil Dielectric Fluids Market by Type
9.5.5.1.2 Brazil Dielectric Fluids Market by Application
9.5.5.2 Argentina Dielectric Fluids Market
9.5.5.2.1 Argentina Dielectric Fluids Market by Type
9.5.5.2.2 Argentina Dielectric Fluids Market by Application
9.5.5.3 Rest of South and Central America Dielectric Fluids Market
9.5.5.3.1 Rest of South and Central America Dielectric Fluids Market by Type
9.5.5.3.2 Rest of South and Central America Dielectric Fluids Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DIELECTRIC FLUIDS MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL, INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENGINEERED FLUIDS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GREEN REVOLUTION COOLING, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. M AND I MATERIALS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NYCO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REPSOL S.A.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHRIEVE CHEMICAL COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLTEX INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SOLVAY SA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3M Company
2. Cargill, Incorporated
3. Engineered Fluids
4. Green Revolution Cooling, Inc.
5. M and I Materials Ltd.
6. NYCO
7. Repsol S.A.
8. Shrieve Chemical Company
9. Soltex Inc.
10. Solvay SA
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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