The EV charging cables market in Europe is expected to grow from US$ 106.80 million in 2021 to US$ 963.95 million by 2028; it is estimated to grow at a CAGR of 36.9% from 2021 to 2028.
Evolving consumer preferences and technological advancements are helping to reshape the EVs industry significantly. China is one of the leading regions in terms of EV adoption. China is also the world's largest automobile market, with a rapidly increasing number of new fully electric or plug-in hybrid car sales. In Europe, Germany is offering financial incentives to consumers to purchase EVs. OEMs and suppliers across the region are preparing for the shift toward EVs and away from internal combustion engine (ICE) vehicles. With the increasing demand for electric vehicles, the scope of installing charging facilities at residential, commercial, and government buildings is also growing. Charging stations at public destinations and workplaces are assisting in bolstering the acceptance. Projects for the installation of EV charging stations are driving the demand for EV charging cables.In 2020, the impact of COVID-19 differed from nation to nation across the European region. In the region, major countries which were affected by the pandemic of COVID-19 are the United Kingdom, Italy, Russia, France, Germany, and Spain. Due to increasing number of recorded cases, some of these nations had to impose stringent and longer lockdown along with social isolation in 2020. The lockdown affected electric car sales, but there were early signs of electric vehicle market resilience for two main reasons. First, policy support was strong – in particular in Europe as 2020 was an important target year for emissions standards. Purchase incentives increased, notably in Germany. Second, continued declines in battery costs, upgraded original equipment manufacturer (OEM) offers in both model choice and performance, fleet operators initiating their technology transition and the enthusiasm of electric car buyers (often affluent households less affected by the economic downturn) provided fertile ground for continued EV uptake. But somehow due to COVID-19 pandemic across the globe, the Europe electric vehicle market has been negatively affected as the electric vehicle manufacturing units have been shut down due to the imposed lockdown in major countries across the Europe. In addition, the unavailability of skilled labor has further affected the market growth. In Europe electric vehicles have witnessed a growing trend of acceptance in Europe as charging infrastructure is being improved, the production cost falls, and governments take efforts to bring down the carbon emission generated by the transportation sector. According to the International Council on Clean Transportation report, Europe is now the second-largest electric vehicle market in the world by volume, behind China and ahead of the U.S. This tremendous growth in demand for electric vehicles in Europe is expected to drive the growth of the Europe EV charging cable market over the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the EV charging cables market. The Europe EV charging cables is expected to grow at a good CAGR during the forecast period.
Europe EV Charging Cables Market Revenue and Forecast to 2028 (US$ Million)
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Europe EV Charging Cables Market Segmentation
Europe EV Charging Cables Market – By Type
- Public
- Private
Europe EV Charging Cables Market – By Power Supply Type
- Alternate Charging
- Direct Charging
Europe EV Charging Cables Market – By Cable Length
- 2 -5 metres
- 6 -10 metres
- >10 metres
Europe EV Charging Cables Market – By Charging Level
- Level 1
- Level 2
- Level 3
Europe EV Charging Cables Market – By Jacket Material
- All Rubber
- Thermoplastic TPE
- PVC
Europe EV Charging Cables Market- By Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Europe EV Charging Cables Market-Companies Mentioned
- Aptiv PLC
- Coroplast Group
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- TE Connectivity Corporation
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 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe EV Charging Cables Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe EV Charging Cables Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in EV Vehicle Production
5.1.2 Increase in EV Charging Facilities
5.2 Market Restraints
5.2.1 Higher Price of Charging Stations
5.3 Market Opportunities
5.3.1 Development of Mega chargers to Facilitate Long-Distance Trucking
5.4 Future Trends
5.4.1 Emergence of E-Mobility and Advanced Charging Technologies
5.5 Impact Analysis of Drivers and Restraints
6. EV Charging Cables Market – Europe Analysis
6.1 EV Charging Cables Market Overview
6.2 EV Charging Cables Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe EV Charging Cables Market – By Type
7.1 Overview
7.2 EV Charging Cables Market, by Type (2020 and 2028)
7.3 Private Charging
7.3.1 Overview
7.3.2 Private Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Public Charging
7.4.1 Overview
7.4.2 Public Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe EV Charging Cables Market – By Power Supply Type
8.1 Overview
8.2 EV Charging Cables Market, by Power Supply Type (2020 and 2028)
8.3 Alternate Charging
8.3.1 Overview
8.3.2 Alternate Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Direct Charging
8.4.1 Overview
8.4.2 Direct Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe EV Charging Cables Market Analysis – By Cable Length
9.1 Overview
9.2 EV Charging Cables Market, By Cable Length (2020 and 2028)
9.3 2 Metres to 5 Metres
9.3.1 Overview
9.3.2 2 Metres to 5 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9.4 6 Metres to 10 Metres
9.4.1 Overview
9.4.2 6 Metres to 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Above 10 Metres
9.5.1 Overview
9.5.2 Above 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe EV Charging Cables Market – By Charging Level
10.1 Overview
10.2 EV Charging Cables Market, by Charging Level (2020 and 2028)
10.3 Level 1
10.3.1 Overview
10.3.2 Level 1: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Level 2
10.4.1 Overview
10.4.2 Level 2: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Level 3
10.5.1 Overview
10.5.2 Level 3: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11. Europe EV Charging Cables Market – By Jacket Material
11.1 Overview
11.2 EV Charging Cables Market, by Jacket Material (2020 and 2028)
11.3 All-Rubber Jacket
11.3.1 Overview
11.3.2 All-Rubber Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Thermoplastic Elastomer (TPE) Jacket
11.4.1 Overview
11.4.2 TPE Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Polyvinyl Chloride (PVC) Jacket
11.5.1 Overview
11.5.2 PVC Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12. Europe EV Charging Cables Market – Country Analysis
12.1 Overview
12.1.1 Europe: EV Charging Cables Market, by Key Country
12.1.1.1 Germany: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 Germany: EV Charging Cables Market, by Type
12.1.1.1.2 Germany: EV Charging Cables Market, by Power Supply Type
12.1.1.1.3 Germany: EV Charging Cables Market, by Cable Length
12.1.1.1.4 Germany: EV Charging Cables Market, by Charging Level
12.1.1.1.5 Germany: EV Charging Cables Market, by Jacket Material
12.1.1.2 France: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 France: EV Charging Cables Market, by Type
12.1.1.2.2 France: EV Charging Cables Market, by Power Supply Type
12.1.1.2.3 France: EV Charging Cables Market, by Cable Length
12.1.1.2.4 France: EV Charging Cables Market, by Charging Level
12.1.1.2.5 France: EV Charging Cables Market, by Jacket Material
12.1.1.3 Italy: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Italy: EV Charging Cables Market, by Type
12.1.1.3.2 Italy: EV Charging Cables Market, by Power Supply Type
12.1.1.3.3 Italy: EV Charging Cables Market, by Cable Length
12.1.1.3.4 Italy: EV Charging Cables Market, by Charging Level
12.1.1.3.5 Italy: EV Charging Cables Market, by Jacket Material
12.1.1.4 UK: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 UK: EV Charging Cables Market, by Type
12.1.1.4.2 UK: EV Charging Cables Market, by Power Supply Type
12.1.1.4.3 UK: EV Charging Cables Market, by Cable Length
12.1.1.4.4 UK: EV Charging Cables Market, by Charging Level
12.1.1.4.5 UK: EV Charging Cables Market, by Jacket Material
12.1.1.5 Russia: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.5.1 Russia: EV Charging Cables Market, by Type
12.1.1.5.2 Russia: EV Charging Cables Market, by Power Supply Type
12.1.1.5.3 Russia: EV Charging Cables Market, by Cable Length
12.1.1.5.4 Russia: EV Charging Cables Market, by Charging Level
12.1.1.5.5 Russia: EV Charging Cables Market, by Jacket Material
12.1.1.6 Rest of Europe: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.6.1 Rest of Europe: EV Charging Cables Market, by Type
12.1.1.6.2 Rest of Europe: EV Charging Cables Market, by Power Supply Type
12.1.1.6.3 Rest of Europe: EV Charging Cables Market, by Cable Length
12.1.1.6.4 Rest of Europe: EV Charging Cables Market, by Charging Level
12.1.1.6.5 Rest of Europe: EV Charging Cables Market, by Jacket Material
13. Europe EV Charging Cables Market- COVID-19 Impact Analysis
13.1 Overview
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 New Product Launch
14.4 Merger and Acquisition
15. Company Profiles
15.1 Coroplast Group
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 SINBON Electronics Co., Ltd.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 TE Connectivity Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Phoenix Contact E-Mobility
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 General Cable Technologies Corporation
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Aptiv PLC
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
16. Appendix
16.1 About the Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. EV Charging Cables Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Europe: EV Charging Cables Market Revenue Share, by Key Country (2020 and 2028)
Table 3. Germany: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 11. France: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 12. France: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 26. Russia: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 27. Russia: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Europe: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe EV Charging Cables Market Segmentation
Figure 2. Europe EV Charging Cables Market Segmentation – By Country
Figure 3. Europe EV Charging Cables Market Overview
Figure 4. Private Charging Segment Held the Largest Market Share in 2020
Figure 5. Alternate Charging Cables Held the Largest Market Share in 2020
Figure 6. Rest of Europe to Show Significant Growth During Forecast Period
Figure 7. Europe – PEST Analysis
Figure 8. EV Charging Cables Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe EV Charging Cables Market Impact Analysis of Drivers and Restraints
Figure 11. Europe EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe EV Charging Cables Market Revenue Share, by Type (2020 and 2028)
Figure 13. Europe Private Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Public Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe EV Charging Cables Market Revenue Share, by Power Supply Type (2020 and 2028)
Figure 16. Europe Alternate Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Direct Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe EV Charging Cables Market Revenue Share, by Cable Length (2020 and 2028)
Figure 19. Europe 2 Metres to 5 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe 6 Metres to 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Above 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe EV Charging Cables Market Revenue Share, by Charging Level (2020 and 2028)
Figure 23. Europe Level 1: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Level 2: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Level 3: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe EV Charging Cables Market Revenue Share, by Jacket Material (2020 and 2028)
Figure 27. Europe All-Rubber Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe TPE Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe PVC: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: EV Charging Cables Market, by Key Country-Revenue 2020 (US$ Million)
Figure 31. Europe: EV Charging Cables Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. Germany: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. UK: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Russia: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Europe: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets
- Aptiv PLC
- Coroplast Group
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- TE Connectivity Corporation
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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