Energy Efficient Motor Market Key Findings by 2031
The energy-efficient motor provides the same output as the traditional motor while consuming lesser energy. The growing focus towards energy efficiency is one of the major factors supporting the growth of the energy-efficient motor market. The energy-efficient motor market is concentrated with a large number of well-established players operating in the market that are investing significantly in the R&D activities for the development of cutting edge products.
MARKET DYNAMICS
The increasing popularity of energy-efficient products and increasing focus towards reducing the greenhouse effect are the major factors supporting the growth of the energy efficient motor market. However, the high price of energy-efficient motors might hinder the growth of the energy efficient motor market. The growing focus towards reducing energy consumption across the industrial sector and supporting government regulations regarding energy consumption are creating opportunities for the companies operating in the market to achieve a significant market share.
MARKET SCOPE
The "Global Energy Efficient motor Market Analysis to 2031" is a specialized and in-depth study of the energy efficient motor market with a special focus on the global market trend analysis. The report aims to provide an overview of energy efficient motor market with detailed market segmentation by efficiency level, type, application, end-use, and geography. The global energy efficient motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy efficient motor market players and offers key trends and opportunities in the energy efficient motor market.
MARKET SEGMENTATION
The global energy efficient motor market is segmented on the basis of efficiency level, type, and application, end-use. Based on efficiency level, the market is segmented as IE4, IE3, IE2, IE1. On the basis of type, the market is segmented as AC motors and DC motors. On the basis of application, the market is segmented as HVAC, fans, pumps, compressors, refrigeration, material handling, and material processing. Based on end-use, the market is segmented as industrial, commercial building, residential, automotive, aerospace and defense, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global energy efficient motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy efficient motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting energy efficient motor market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors affecting the energy efficient motor market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global energy efficient motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy efficient motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting energy efficient motor market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors affecting the energy efficient motor market in these regions.
MARKET PLAYERS
The reports cover key developments in the energy efficient motor 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 expansion of business and customer base of market players. The market players from energy efficient motor market are anticipated to lucrative growth opportunities in the future with the rising demand for energy efficient motor market. Below mentioned is the list of few companies engaged in the energy efficient motor market.
The report also includes the profiles of key energy efficient motor market 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 last 3 years, key development in past five years.
- ABB Ltd
- Bosch Rexroth AG
- Brook Crompton
- DEEP CORPORATION
- Havells India Ltd
- Honeywell International, Inc.
- Regal Beloit Corporation
- Rockwell Automation, Inc.
- Siemens AG
- WEG
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
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy Efficient Motor Market - By Efficiency Level
1.3.2 Energy Efficient Motor Market - By Type
1.3.3 Energy Efficient Motor Market - By Application
1.3.4 Energy Efficient Motor Market - By End-Use
1.3.5 Energy Efficient Motor Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY EFFICIENT MOTOR 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. ENERGY EFFICIENT MOTOR 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. ENERGY EFFICIENT MOTOR MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY EFFICIENT MOTOR - GLOBAL MARKET OVERVIEW
6.2. ENERGY EFFICIENT MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - EFFICIENCY LEVEL
7.1. OVERVIEW
7.2. EFFICIENCY LEVEL MARKET FORECASTS AND ANALYSIS
7.3. IE4
7.3.1. Overview
7.3.2. IE4 Market Forecast and Analysis
7.4. IE3
7.4.1. Overview
7.4.2. IE3 Market Forecast and Analysis
7.5. IE2
7.5.1. Overview
7.5.2. IE2 Market Forecast and Analysis
7.6. IE1
7.6.1. Overview
7.6.2. IE1 Market Forecast and Analysis
8. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. AC MOTORS
8.3.1. Overview
8.3.2. AC Motors Market Forecast and Analysis
8.4. DC MOTORS
8.4.1. Overview
8.4.2. DC Motors Market Forecast and Analysis
9. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HVAC
9.3.1. Overview
9.3.2. HVAC Market Forecast and Analysis
9.4. FANS
9.4.1. Overview
9.4.2. Fans Market Forecast and Analysis
9.5. PUMPS
9.5.1. Overview
9.5.2. Pumps Market Forecast and Analysis
9.6. COMPRESSORS
9.6.1. Overview
9.6.2. Compressors Market Forecast and Analysis
9.7. REFRIGERATION
9.7.1. Overview
9.7.2. Refrigeration Market Forecast and Analysis
9.8. MATERIAL HANDLING
9.8.1. Overview
9.8.2. Material Handling Market Forecast and Analysis
9.9. MATERIAL PROCESSING
9.9.1. Overview
9.9.2. Material Processing Market Forecast and Analysis
10. ENERGY EFFICIENT MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
10.1. OVERVIEW
10.2. END-USE MARKET FORECASTS AND ANALYSIS
10.3. INDUSTRIAL
10.3.1. Overview
10.3.2. Industrial Market Forecast and Analysis
10.4. COMMERCIAL BUILDING
10.4.1. Overview
10.4.2. Commercial Building Market Forecast and Analysis
10.5. RESIDENTIAL
10.5.1. Overview
10.5.2. Residential Market Forecast and Analysis
10.6. AUTOMOTIVE
10.6.1. Overview
10.6.2. Automotive Market Forecast and Analysis
10.7. AEROSPACE AND DEFENSE
10.7.1. Overview
10.7.2. Aerospace and Defense Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. ENERGY EFFICIENT MOTOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Energy Efficient Motor Market Overview
11.1.2 North America Energy Efficient Motor Market Forecasts and Analysis
11.1.3 North America Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.1.4 North America Energy Efficient Motor Market Forecasts and Analysis - By Type
11.1.5 North America Energy Efficient Motor Market Forecasts and Analysis - By Application
11.1.6 North America Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.1.7 North America Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.1.7.1 United States Energy Efficient Motor Market
11.1.7.1.1 United States Energy Efficient Motor Market by Efficiency Level
11.1.7.1.2 United States Energy Efficient Motor Market by Type
11.1.7.1.3 United States Energy Efficient Motor Market by Application
11.1.7.1.4 United States Energy Efficient Motor Market by End-Use
11.1.7.2 Canada Energy Efficient Motor Market
11.1.7.2.1 Canada Energy Efficient Motor Market by Efficiency Level
11.1.7.2.2 Canada Energy Efficient Motor Market by Type
11.1.7.2.3 Canada Energy Efficient Motor Market by Application
11.1.7.2.4 Canada Energy Efficient Motor Market by End-Use
11.1.7.3 Mexico Energy Efficient Motor Market
11.1.7.3.1 Mexico Energy Efficient Motor Market by Efficiency Level
11.1.7.3.2 Mexico Energy Efficient Motor Market by Type
11.1.7.3.3 Mexico Energy Efficient Motor Market by Application
11.1.7.3.4 Mexico Energy Efficient Motor Market by End-Use
11.2. EUROPE
11.2.1 Europe Energy Efficient Motor Market Overview
11.2.2 Europe Energy Efficient Motor Market Forecasts and Analysis
11.2.3 Europe Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.2.4 Europe Energy Efficient Motor Market Forecasts and Analysis - By Type
11.2.5 Europe Energy Efficient Motor Market Forecasts and Analysis - By Application
11.2.6 Europe Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.2.7 Europe Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Energy Efficient Motor Market
11.2.7.1.1 Germany Energy Efficient Motor Market by Efficiency Level
11.2.7.1.2 Germany Energy Efficient Motor Market by Type
11.2.7.1.3 Germany Energy Efficient Motor Market by Application
11.2.7.1.4 Germany Energy Efficient Motor Market by End-Use
11.2.7.2 France Energy Efficient Motor Market
11.2.7.2.1 France Energy Efficient Motor Market by Efficiency Level
11.2.7.2.2 France Energy Efficient Motor Market by Type
11.2.7.2.3 France Energy Efficient Motor Market by Application
11.2.7.2.4 France Energy Efficient Motor Market by End-Use
11.2.7.3 United Kingdom Energy Efficient Motor Market
11.2.7.3.1 United Kingdom Energy Efficient Motor Market by Efficiency Level
11.2.7.3.2 United Kingdom Energy Efficient Motor Market by Type
11.2.7.3.3 United Kingdom Energy Efficient Motor Market by Application
11.2.7.3.4 United Kingdom Energy Efficient Motor Market by End-Use
11.2.7.4 Russia Energy Efficient Motor Market
11.2.7.4.1 Russia Energy Efficient Motor Market by Efficiency Level
11.2.7.4.2 Russia Energy Efficient Motor Market by Type
11.2.7.4.3 Russia Energy Efficient Motor Market by Application
11.2.7.4.4 Russia Energy Efficient Motor Market by End-Use
11.2.7.5 Rest of Europe Energy Efficient Motor Market
11.2.7.5.1 Rest of Europe Energy Efficient Motor Market by Efficiency Level
11.2.7.5.2 Rest of Europe Energy Efficient Motor Market by Type
11.2.7.5.3 Rest of Europe Energy Efficient Motor Market by Application
11.2.7.5.4 Rest of Europe Energy Efficient Motor Market by End-Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Energy Efficient Motor Market Overview
11.3.2 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis
11.3.3 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.3.4 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.3.7 Asia-Pacific Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Energy Efficient Motor Market
11.3.7.1.1 Australia Energy Efficient Motor Market by Efficiency Level
11.3.7.1.2 Australia Energy Efficient Motor Market by Type
11.3.7.1.3 Australia Energy Efficient Motor Market by Application
11.3.7.1.4 Australia Energy Efficient Motor Market by End-Use
11.3.7.2 China Energy Efficient Motor Market
11.3.7.2.1 China Energy Efficient Motor Market by Efficiency Level
11.3.7.2.2 China Energy Efficient Motor Market by Type
11.3.7.2.3 China Energy Efficient Motor Market by Application
11.3.7.2.4 China Energy Efficient Motor Market by End-Use
11.3.7.3 India Energy Efficient Motor Market
11.3.7.3.1 India Energy Efficient Motor Market by Efficiency Level
11.3.7.3.2 India Energy Efficient Motor Market by Type
11.3.7.3.3 India Energy Efficient Motor Market by Application
11.3.7.3.4 India Energy Efficient Motor Market by End-Use
11.3.7.4 Japan Energy Efficient Motor Market
11.3.7.4.1 Japan Energy Efficient Motor Market by Efficiency Level
11.3.7.4.2 Japan Energy Efficient Motor Market by Type
11.3.7.4.3 Japan Energy Efficient Motor Market by Application
11.3.7.4.4 Japan Energy Efficient Motor Market by End-Use
11.3.7.5 South Korea Energy Efficient Motor Market
11.3.7.5.1 South Korea Energy Efficient Motor Market by Efficiency Level
11.3.7.5.2 South Korea Energy Efficient Motor Market by Type
11.3.7.5.3 South Korea Energy Efficient Motor Market by Application
11.3.7.5.4 South Korea Energy Efficient Motor Market by End-Use
11.3.7.6 Rest of Asia-Pacific Energy Efficient Motor Market
11.3.7.6.1 Rest of Asia-Pacific Energy Efficient Motor Market by Efficiency Level
11.3.7.6.2 Rest of Asia-Pacific Energy Efficient Motor Market by Type
11.3.7.6.3 Rest of Asia-Pacific Energy Efficient Motor Market by Application
11.3.7.6.4 Rest of Asia-Pacific Energy Efficient Motor Market by End-Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Energy Efficient Motor Market Overview
11.4.2 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis
11.4.3 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.4.4 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.4.7 Middle East and Africa Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Energy Efficient Motor Market
11.4.7.1.1 South Africa Energy Efficient Motor Market by Efficiency Level
11.4.7.1.2 South Africa Energy Efficient Motor Market by Type
11.4.7.1.3 South Africa Energy Efficient Motor Market by Application
11.4.7.1.4 South Africa Energy Efficient Motor Market by End-Use
11.4.7.2 Saudi Arabia Energy Efficient Motor Market
11.4.7.2.1 Saudi Arabia Energy Efficient Motor Market by Efficiency Level
11.4.7.2.2 Saudi Arabia Energy Efficient Motor Market by Type
11.4.7.2.3 Saudi Arabia Energy Efficient Motor Market by Application
11.4.7.2.4 Saudi Arabia Energy Efficient Motor Market by End-Use
11.4.7.3 U.A.E Energy Efficient Motor Market
11.4.7.3.1 U.A.E Energy Efficient Motor Market by Efficiency Level
11.4.7.3.2 U.A.E Energy Efficient Motor Market by Type
11.4.7.3.3 U.A.E Energy Efficient Motor Market by Application
11.4.7.3.4 U.A.E Energy Efficient Motor Market by End-Use
11.4.7.4 Rest of Middle East and Africa Energy Efficient Motor Market
11.4.7.4.1 Rest of Middle East and Africa Energy Efficient Motor Market by Efficiency Level
11.4.7.4.2 Rest of Middle East and Africa Energy Efficient Motor Market by Type
11.4.7.4.3 Rest of Middle East and Africa Energy Efficient Motor Market by Application
11.4.7.4.4 Rest of Middle East and Africa Energy Efficient Motor Market by End-Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Energy Efficient Motor Market Overview
11.5.2 South and Central America Energy Efficient Motor Market Forecasts and Analysis
11.5.3 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Efficiency Level
11.5.4 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Type
11.5.5 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Application
11.5.6 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By End-Use
11.5.7 South and Central America Energy Efficient Motor Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Energy Efficient Motor Market
11.5.7.1.1 Brazil Energy Efficient Motor Market by Efficiency Level
11.5.7.1.2 Brazil Energy Efficient Motor Market by Type
11.5.7.1.3 Brazil Energy Efficient Motor Market by Application
11.5.7.1.4 Brazil Energy Efficient Motor Market by End-Use
11.5.7.2 Argentina Energy Efficient Motor Market
11.5.7.2.1 Argentina Energy Efficient Motor Market by Efficiency Level
11.5.7.2.2 Argentina Energy Efficient Motor Market by Type
11.5.7.2.3 Argentina Energy Efficient Motor Market by Application
11.5.7.2.4 Argentina Energy Efficient Motor Market by End-Use
11.5.7.3 Rest of South and Central America Energy Efficient Motor Market
11.5.7.3.1 Rest of South and Central America Energy Efficient Motor Market by Efficiency Level
11.5.7.3.2 Rest of South and Central America Energy Efficient Motor Market by Type
11.5.7.3.3 Rest of South and Central America Energy Efficient Motor Market by Application
11.5.7.3.4 Rest of South and Central America Energy Efficient Motor Market by End-Use
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ENERGY EFFICIENT MOTOR MARKET, KEY COMPANY PROFILES
13.1. ABB LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BOSCH REXROTH AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BROOK CROMPTON
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DEEP CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HAVELLS INDIA LTD
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HONEYWELL INTERNATIONAL, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. REGAL BELOIT CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROCKWELL AUTOMATION, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SIEMENS AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WEG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ABB Ltd
2. Bosch Rexroth AG
3. Brook Crompton
4. DEEP CORPORATION
5. Havells India Ltd
6. Honeywell International, Inc.
7. Regal Beloit Corporation
8. Rockwell Automation, Inc.
9. Siemens AG
10. WEG
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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