Electricity Transmission and Distribution Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
The many stages of transferring power from generators to a home or a business across poles and wires are referred to as transmission and distribution of electricity. The global market for electricity transmission and distribution is being driven by an increase in measures taken by governments of various nations to encourage the use of energy produced by renewable energy sources. Additionally, it is projected that growing stakeholder and player opportunities in the worldwide electricity transmission and distribution market would result from developments in electrical grid technology and increased need for modernization.
MARKET DYNAMICS
The need for energy is anticipated to increase in the coming years because of the fast urbanization and industrialization occurring around the world. Renewable energy sources are being used to generate electricity to keep up with the increased demand for energy around the world. During the projected period, an ongoing increase in power demand is anticipated to drive the global transmission and distribution of electricity market. The global market for electricity transmission and distribution is expanding because of the need for improvements in energy security and transmission efficiency.
MARKET SCOPE
The "Global Electricity Transmission and Distribution Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The electricity transmission and distribution market report aim to provide an overview of the electricity transmission and distribution market with detailed market segmentation by product, transmission cable, application, and geography. The global electricity transmission and distribution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electricity transmission and distribution market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electricity transmission and distribution market is segmented based on product, transmission cable, application. Based on product, the electricity transmission and distribution market is segmented into transformer, switchgears, transmission tower, power cables and wires, others. Based on transmission cable, the electricity transmission and distribution market is segmented into overhead transmission, sub transmission, underground transmission. Based on application, the electricity transmission and distribution market is segmented into residential, commercial, and industrial.
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 electricity transmission and distribution market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electricity transmission and distribution market by each region is later sub-segmented by respective countries and segments. The electricity transmission and distribution market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electricity transmission and distribution 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 highlighting factors affecting the electricity transmission and distribution market in these regions.
IMPACT OF COVID-19 ON ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global electricity transmission and distribution market. The supply chain disruptions influenced the decline in demand for electricity transmission and distribution grids. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of electricity transmission and distribution thereby impacting the growth of the global electricity transmission and distribution market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electricity transmission and distribution market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electricity transmission and distribution market by each region is later sub-segmented by respective countries and segments. The electricity transmission and distribution market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electricity transmission and distribution 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 highlighting factors affecting the electricity transmission and distribution market in these regions.
IMPACT OF COVID-19 ON ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global electricity transmission and distribution market. The supply chain disruptions influenced the decline in demand for electricity transmission and distribution grids. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of electricity transmission and distribution thereby impacting the growth of the global electricity transmission and distribution market.
MARKET PLAYERS
The reports cover key developments in the electricity transmission and distribution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from electricity transmission and distribution market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the electricity transmission and distribution market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electricity transmission and distribution market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Siemens Energy
- Mitsubishi Electric Corporation
- ABB
- Eaton
- CG Power & Industrial Solutions Ltd.
- Bharat Heavy Electricals Limited
- LARSEN & TOUBRO LIMITED
- General Electric
- Schneider Electric
- Kirloskar Electric Company
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.
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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.
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 Electricity Transmission And Distribution Market - By Product
1.3.2 Electricity Transmission And Distribution Market - By Transmission Cable
1.3.3 Electricity Transmission And Distribution Market - By Application
1.3.4 Electricity Transmission And Distribution Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ELECTRICITY TRANSMISSION AND DISTRIBUTION 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 AND RESTRAINTS
6. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRICITY TRANSMISSION AND DISTRIBUTION - GLOBAL MARKET OVERVIEW
6.2. ELECTRICITY TRANSMISSION AND DISTRIBUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. TRANSFORMER
7.3.1. Overview
7.3.2. Transformer Market Forecast and Analysis
7.4. SWITCHGEARS
7.4.1. Overview
7.4.2. Switchgears Market Forecast and Analysis
7.5. TRANSMISSION TOWER
7.5.1. Overview
7.5.2. Transmission Tower Market Forecast and Analysis
7.6. POWER CABLES AND WIRES
7.6.1. Overview
7.6.2. Power Cables and Wires Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET - REVENUE AND FORECASTS TO 2028 - TRANSMISSION CABLE
8.1. OVERVIEW
8.2. TRANSMISSION CABLE MARKET FORECASTS AND ANALYSIS
8.3. OVERHEAD TRANSMISSION
8.3.1. Overview
8.3.2. Overhead Transmission Market Forecast and Analysis
8.4. SUB TRANSMISSION
8.4.1. Overview
8.4.2. Sub Transmission Market Forecast and Analysis
8.5. UNDERGROUND TRANSMISSION
8.5.1. Overview
8.5.2. Underground Transmission Market Forecast and Analysis
9. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
10. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Electricity Transmission And Distribution Market Overview
10.1.2 North America Electricity Transmission And Distribution Market Forecasts and Analysis
10.1.3 North America Electricity Transmission And Distribution Market Forecasts and Analysis - By Product
10.1.4 North America Electricity Transmission And Distribution Market Forecasts and Analysis - By Transmission Cable
10.1.5 North America Electricity Transmission And Distribution Market Forecasts and Analysis - By Application
10.1.6 North America Electricity Transmission And Distribution Market Forecasts and Analysis - By Countries
10.1.6.1 United States Electricity Transmission And Distribution Market
10.1.6.1.1 United States Electricity Transmission And Distribution Market by Product
10.1.6.1.2 United States Electricity Transmission And Distribution Market by Transmission Cable
10.1.6.1.3 United States Electricity Transmission And Distribution Market by Application
10.1.6.2 Canada Electricity Transmission And Distribution Market
10.1.6.2.1 Canada Electricity Transmission And Distribution Market by Product
10.1.6.2.2 Canada Electricity Transmission And Distribution Market by Transmission Cable
10.1.6.2.3 Canada Electricity Transmission And Distribution Market by Application
10.1.6.3 Mexico Electricity Transmission And Distribution Market
10.1.6.3.1 Mexico Electricity Transmission And Distribution Market by Product
10.1.6.3.2 Mexico Electricity Transmission And Distribution Market by Transmission Cable
10.1.6.3.3 Mexico Electricity Transmission And Distribution Market by Application
10.2. EUROPE
10.2.1 Europe Electricity Transmission And Distribution Market Overview
10.2.2 Europe Electricity Transmission And Distribution Market Forecasts and Analysis
10.2.3 Europe Electricity Transmission And Distribution Market Forecasts and Analysis - By Product
10.2.4 Europe Electricity Transmission And Distribution Market Forecasts and Analysis - By Transmission Cable
10.2.5 Europe Electricity Transmission And Distribution Market Forecasts and Analysis - By Application
10.2.6 Europe Electricity Transmission And Distribution Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Electricity Transmission And Distribution Market
10.2.6.1.1 Germany Electricity Transmission And Distribution Market by Product
10.2.6.1.2 Germany Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.1.3 Germany Electricity Transmission And Distribution Market by Application
10.2.6.2 France Electricity Transmission And Distribution Market
10.2.6.2.1 France Electricity Transmission And Distribution Market by Product
10.2.6.2.2 France Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.2.3 France Electricity Transmission And Distribution Market by Application
10.2.6.3 Italy Electricity Transmission And Distribution Market
10.2.6.3.1 Italy Electricity Transmission And Distribution Market by Product
10.2.6.3.2 Italy Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.3.3 Italy Electricity Transmission And Distribution Market by Application
10.2.6.4 United Kingdom Electricity Transmission And Distribution Market
10.2.6.4.1 United Kingdom Electricity Transmission And Distribution Market by Product
10.2.6.4.2 United Kingdom Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.4.3 United Kingdom Electricity Transmission And Distribution Market by Application
10.2.6.5 Russia Electricity Transmission And Distribution Market
10.2.6.5.1 Russia Electricity Transmission And Distribution Market by Product
10.2.6.5.2 Russia Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.5.3 Russia Electricity Transmission And Distribution Market by Application
10.2.6.6 Rest of Europe Electricity Transmission And Distribution Market
10.2.6.6.1 Rest of Europe Electricity Transmission And Distribution Market by Product
10.2.6.6.2 Rest of Europe Electricity Transmission And Distribution Market by Transmission Cable
10.2.6.6.3 Rest of Europe Electricity Transmission And Distribution Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Electricity Transmission And Distribution Market Overview
10.3.2 Asia-Pacific Electricity Transmission And Distribution Market Forecasts and Analysis
10.3.3 Asia-Pacific Electricity Transmission And Distribution Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Electricity Transmission And Distribution Market Forecasts and Analysis - By Transmission Cable
10.3.5 Asia-Pacific Electricity Transmission And Distribution Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Electricity Transmission And Distribution Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Electricity Transmission And Distribution Market
10.3.6.1.1 Australia Electricity Transmission And Distribution Market by Product
10.3.6.1.2 Australia Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.1.3 Australia Electricity Transmission And Distribution Market by Application
10.3.6.2 China Electricity Transmission And Distribution Market
10.3.6.2.1 China Electricity Transmission And Distribution Market by Product
10.3.6.2.2 China Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.2.3 China Electricity Transmission And Distribution Market by Application
10.3.6.3 India Electricity Transmission And Distribution Market
10.3.6.3.1 India Electricity Transmission And Distribution Market by Product
10.3.6.3.2 India Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.3.3 India Electricity Transmission And Distribution Market by Application
10.3.6.4 Japan Electricity Transmission And Distribution Market
10.3.6.4.1 Japan Electricity Transmission And Distribution Market by Product
10.3.6.4.2 Japan Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.4.3 Japan Electricity Transmission And Distribution Market by Application
10.3.6.5 South Korea Electricity Transmission And Distribution Market
10.3.6.5.1 South Korea Electricity Transmission And Distribution Market by Product
10.3.6.5.2 South Korea Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.5.3 South Korea Electricity Transmission And Distribution Market by Application
10.3.6.6 Rest of Asia-Pacific Electricity Transmission And Distribution Market
10.3.6.6.1 Rest of Asia-Pacific Electricity Transmission And Distribution Market by Product
10.3.6.6.2 Rest of Asia-Pacific Electricity Transmission And Distribution Market by Transmission Cable
10.3.6.6.3 Rest of Asia-Pacific Electricity Transmission And Distribution Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Electricity Transmission And Distribution Market Overview
10.4.2 Middle East and Africa Electricity Transmission And Distribution Market Forecasts and Analysis
10.4.3 Middle East and Africa Electricity Transmission And Distribution Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Electricity Transmission And Distribution Market Forecasts and Analysis - By Transmission Cable
10.4.5 Middle East and Africa Electricity Transmission And Distribution Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Electricity Transmission And Distribution Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Electricity Transmission And Distribution Market
10.4.6.1.1 South Africa Electricity Transmission And Distribution Market by Product
10.4.6.1.2 South Africa Electricity Transmission And Distribution Market by Transmission Cable
10.4.6.1.3 South Africa Electricity Transmission And Distribution Market by Application
10.4.6.2 Saudi Arabia Electricity Transmission And Distribution Market
10.4.6.2.1 Saudi Arabia Electricity Transmission And Distribution Market by Product
10.4.6.2.2 Saudi Arabia Electricity Transmission And Distribution Market by Transmission Cable
10.4.6.2.3 Saudi Arabia Electricity Transmission And Distribution Market by Application
10.4.6.3 U.A.E Electricity Transmission And Distribution Market
10.4.6.3.1 U.A.E Electricity Transmission And Distribution Market by Product
10.4.6.3.2 U.A.E Electricity Transmission And Distribution Market by Transmission Cable
10.4.6.3.3 U.A.E Electricity Transmission And Distribution Market by Application
10.4.6.4 Rest of Middle East and Africa Electricity Transmission And Distribution Market
10.4.6.4.1 Rest of Middle East and Africa Electricity Transmission And Distribution Market by Product
10.4.6.4.2 Rest of Middle East and Africa Electricity Transmission And Distribution Market by Transmission Cable
10.4.6.4.3 Rest of Middle East and Africa Electricity Transmission And Distribution Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Electricity Transmission And Distribution Market Overview
10.5.2 South and Central America Electricity Transmission And Distribution Market Forecasts and Analysis
10.5.3 South and Central America Electricity Transmission And Distribution Market Forecasts and Analysis - By Product
10.5.4 South and Central America Electricity Transmission And Distribution Market Forecasts and Analysis - By Transmission Cable
10.5.5 South and Central America Electricity Transmission And Distribution Market Forecasts and Analysis - By Application
10.5.6 South and Central America Electricity Transmission And Distribution Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Electricity Transmission And Distribution Market
10.5.6.1.1 Brazil Electricity Transmission And Distribution Market by Product
10.5.6.1.2 Brazil Electricity Transmission And Distribution Market by Transmission Cable
10.5.6.1.3 Brazil Electricity Transmission And Distribution Market by Application
10.5.6.2 Argentina Electricity Transmission And Distribution Market
10.5.6.2.1 Argentina Electricity Transmission And Distribution Market by Product
10.5.6.2.2 Argentina Electricity Transmission And Distribution Market by Transmission Cable
10.5.6.2.3 Argentina Electricity Transmission And Distribution Market by Application
10.5.6.3 Rest of South and Central America Electricity Transmission And Distribution Market
10.5.6.3.1 Rest of South and Central America Electricity Transmission And Distribution Market by Product
10.5.6.3.2 Rest of South and Central America Electricity Transmission And Distribution Market by Transmission Cable
10.5.6.3.3 Rest of South and Central America Electricity Transmission And Distribution 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. ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET, KEY COMPANY PROFILES
12.1. SIEMENS ENERGY
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. MITSUBISHI ELECTRIC 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. ABB
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. EATON
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. CG POWER AND INDUSTRIAL SOLUTIONS LTD.
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. BHARAT HEAVY ELECTRICALS LIMITED
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. LARSEN AND TOUBRO LIMITED
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. GENERAL ELECTRIC
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. SCHNEIDER ELECTRIC
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. KIRLOSKAR ELECTRIC COMPANY
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
- Siemens Energy
- Mitsubishi Electric Corporation
- ABB
- Eaton
- CG Power and Industrial Solutions Ltd.
- Bharat Heavy Electricals Limited
- LARSEN and TOUBRO LIMITED
- General Electric
- Schneider Electric
- Kirloskar Electric Company
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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