Fire Resistance Cable Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Fire Resistance Cable Market covers analysis By Insulation Material (Ethylene Propylene Rubber-Insulated (EPR), Low Smoke Zero Halogen (LSZH), Polyvinyl Chloride (PVC), Cross Linked Poly Ethylene (XLPE), Others); End-Use Industry (Automotive and Transportation, Building and Construction, Energy, Manufacturing, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029357
  • Category : Energy and Power
  • No. of Pages : 150
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Fire Resistance Cable Market Key Findings by 2031

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MARKET INTRODUCTION
Fire resistance cables, also known as circuit integrity (CI) cables, are defined as a cable that is capable of maintaining circuit integrity for a specified period during a fire. These cables normally have a solid conductor and a soft jacket. When these cables are exposed to high temperatures, the soft and flexible insulating material alters and transforms into a fire-resistance insulator, protecting the conductors. These cables are meant to give power and auxiliary control to fire alarm, voice alarm, and emergency lighting systems.

MARKET DYNAMICS
High demand for fire-resistant cables for fire safety & protection and Increasing fire safety standards & regulations globally are driving the growth of the fire resistance cable market. However, the Volatility in raw material prices may restrain the growth of the fire resistance cable market. Furthermore, the increasing demand for fire resistant cables for power generation, population growth and rapid urbanization translating to large number of construction projects, and increasing developments in the automotive industry are anticipated to create a market opportunity for the fire resistance cable market during the forecast period.

MARKET SCOPE
The "Global Fire Resistance Cable Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The fire resistance cable market report aims to provide an overview of the fire resistance cable market with detailed market segmentation by insulation material, end-use industry, and geography. The global fire resistance cable market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fire resistance cable market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global fire resistance cable market is segmented on the basis of insulation material and end-use industry. Based on insulation material, the fire resistance cable market is segmented into ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), polyvinyl chloride (PVC), cross linked poly ethylene (XLPE), and others. On the basis of end-use industry, the fire resistance cable market is segmented into automotive and transportation, building and construction, energy, manufacturing, and others.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire resistance cable 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 fire resistance cable market by each region is later sub-segmented by respective countries and segments. The fire resistance cable 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 fire resistance cable 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 fire resistance cable market in these regions.

IMPACT OF COVID-19 ON FIRE RESISTANCE CABLE MARKET
With the rise in cases of COVID-19 pnademic, the market has faced a negative impact on the demand for fire resistant cables. The fire-resistant cable market has observed a significant decline in its demand in 2021 as well as in the first quarter of 2021, owing to the COVID-19 impact across various end-use industries (majorly the construction, manufacturing & energy industries). Fire resistant cable manufacturers were affected in 2021 due to business shutdown mandates, social distancing norms, and limited local and state government office activities. However, the demand for fire resistant cables was hampered by the pandemic, majorly due to the decline in demand for these cables from the building & construction industry.

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire resistance cable 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 fire resistance cable market by each region is later sub-segmented by respective countries and segments. The fire resistance cable 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 fire resistance cable 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 fire resistance cable market in these regions.

IMPACT OF COVID-19 ON FIRE RESISTANCE CABLE MARKET
With the rise in cases of COVID-19 pnademic, the market has faced a negative impact on the demand for fire resistant cables. The fire-resistant cable market has observed a significant decline in its demand in 2021 as well as in the first quarter of 2021, owing to the COVID-19 impact across various end-use industries (majorly the construction, manufacturing & energy industries). Fire resistant cable manufacturers were affected in 2021 due to business shutdown mandates, social distancing norms, and limited local and state government office activities. However, the demand for fire resistant cables was hampered by the pandemic, majorly due to the decline in demand for these cables from the building & construction industry.

MARKET PLAYERS
The reports cover key developments in the fire resistance cable 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 fire resistance cable 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 fire resistance cable market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fire resistance cable 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.

  •  Prysmian Group
  •  EL Sewedy Electric
  •  Elsewedy Electric Company
  •  Furukawa Electric Co., Ltd.
  •  Jiangnan Group Limited
  •  Leoni AG
  •  LS Cable and System Limited
  •  Nexans S.A.
  •  NKT Group
  •  Tratos Limited
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.
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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fire Resistance Cable Market - By Insulation Material
1.3.2 Fire Resistance Cable Market - By End-Use Industry
1.3.3 Fire Resistance Cable Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. FIRE RESISTANCE CABLE 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. FIRE RESISTANCE CABLE 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. FIRE RESISTANCE CABLE MARKET - GLOBAL MARKET ANALYSIS
6.1. FIRE RESISTANCE CABLE - GLOBAL MARKET OVERVIEW
6.2. FIRE RESISTANCE CABLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. FIRE RESISTANCE CABLE MARKET - REVENUE AND FORECASTS TO 2028 - INSULATION MATERIAL
7.1. OVERVIEW
7.2. INSULATION MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ETHYLENE PROPYLENE RUBBER-INSULATED (EPR)
7.3.1. Overview
7.3.2. Ethylene Propylene Rubber-Insulated (EPR) Market Forecast and Analysis
7.4. LOW SMOKE ZERO HALOGEN (LSZH)
7.4.1. Overview
7.4.2. Low Smoke Zero Halogen (LSZH) Market Forecast and Analysis
7.5. POLYVINYL CHLORIDE (PVC)
7.5.1. Overview
7.5.2. Polyvinyl Chloride (PVC) Market Forecast and Analysis
7.6. CROSS LINKED POLY ETHYLENE (XLPE)
7.6.1. Overview
7.6.2. Cross Linked Poly Ethylene (XLPE) Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. FIRE RESISTANCE CABLE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE AND TRANSPORTATION
8.3.1. Overview
8.3.2. Automotive and Transportation Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. ENERGY
8.5.1. Overview
8.5.2. Energy Market Forecast and Analysis
8.6. MANUFACTURING
8.6.1. Overview
8.6.2. Manufacturing Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. FIRE RESISTANCE CABLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fire Resistance Cable Market Overview
9.1.2 North America Fire Resistance Cable Market Forecasts and Analysis
9.1.3 North America Fire Resistance Cable Market Forecasts and Analysis - By Insulation Material
9.1.4 North America Fire Resistance Cable Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Fire Resistance Cable Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fire Resistance Cable Market
9.1.5.1.1 United States Fire Resistance Cable Market by Insulation Material
9.1.5.1.2 United States Fire Resistance Cable Market by End-Use Industry
9.1.5.2 Canada Fire Resistance Cable Market
9.1.5.2.1 Canada Fire Resistance Cable Market by Insulation Material
9.1.5.2.2 Canada Fire Resistance Cable Market by End-Use Industry
9.1.5.3 Mexico Fire Resistance Cable Market
9.1.5.3.1 Mexico Fire Resistance Cable Market by Insulation Material
9.1.5.3.2 Mexico Fire Resistance Cable Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Fire Resistance Cable Market Overview
9.2.2 Europe Fire Resistance Cable Market Forecasts and Analysis
9.2.3 Europe Fire Resistance Cable Market Forecasts and Analysis - By Insulation Material
9.2.4 Europe Fire Resistance Cable Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Fire Resistance Cable Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fire Resistance Cable Market
9.2.5.1.1 Germany Fire Resistance Cable Market by Insulation Material
9.2.5.1.2 Germany Fire Resistance Cable Market by End-Use Industry
9.2.5.2 France Fire Resistance Cable Market
9.2.5.2.1 France Fire Resistance Cable Market by Insulation Material
9.2.5.2.2 France Fire Resistance Cable Market by End-Use Industry
9.2.5.3 Italy Fire Resistance Cable Market
9.2.5.3.1 Italy Fire Resistance Cable Market by Insulation Material
9.2.5.3.2 Italy Fire Resistance Cable Market by End-Use Industry
9.2.5.4 United Kingdom Fire Resistance Cable Market
9.2.5.4.1 United Kingdom Fire Resistance Cable Market by Insulation Material
9.2.5.4.2 United Kingdom Fire Resistance Cable Market by End-Use Industry
9.2.5.5 Russia Fire Resistance Cable Market
9.2.5.5.1 Russia Fire Resistance Cable Market by Insulation Material
9.2.5.5.2 Russia Fire Resistance Cable Market by End-Use Industry
9.2.5.6 Rest of Europe Fire Resistance Cable Market
9.2.5.6.1 Rest of Europe Fire Resistance Cable Market by Insulation Material
9.2.5.6.2 Rest of Europe Fire Resistance Cable Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fire Resistance Cable Market Overview
9.3.2 Asia-Pacific Fire Resistance Cable Market Forecasts and Analysis
9.3.3 Asia-Pacific Fire Resistance Cable Market Forecasts and Analysis - By Insulation Material
9.3.4 Asia-Pacific Fire Resistance Cable Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Fire Resistance Cable Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fire Resistance Cable Market
9.3.5.1.1 Australia Fire Resistance Cable Market by Insulation Material
9.3.5.1.2 Australia Fire Resistance Cable Market by End-Use Industry
9.3.5.2 China Fire Resistance Cable Market
9.3.5.2.1 China Fire Resistance Cable Market by Insulation Material
9.3.5.2.2 China Fire Resistance Cable Market by End-Use Industry
9.3.5.3 India Fire Resistance Cable Market
9.3.5.3.1 India Fire Resistance Cable Market by Insulation Material
9.3.5.3.2 India Fire Resistance Cable Market by End-Use Industry
9.3.5.4 Japan Fire Resistance Cable Market
9.3.5.4.1 Japan Fire Resistance Cable Market by Insulation Material
9.3.5.4.2 Japan Fire Resistance Cable Market by End-Use Industry
9.3.5.5 South Korea Fire Resistance Cable Market
9.3.5.5.1 South Korea Fire Resistance Cable Market by Insulation Material
9.3.5.5.2 South Korea Fire Resistance Cable Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Fire Resistance Cable Market
9.3.5.6.1 Rest of Asia-Pacific Fire Resistance Cable Market by Insulation Material
9.3.5.6.2 Rest of Asia-Pacific Fire Resistance Cable Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fire Resistance Cable Market Overview
9.4.2 Middle East and Africa Fire Resistance Cable Market Forecasts and Analysis
9.4.3 Middle East and Africa Fire Resistance Cable Market Forecasts and Analysis - By Insulation Material
9.4.4 Middle East and Africa Fire Resistance Cable Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Fire Resistance Cable Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fire Resistance Cable Market
9.4.5.1.1 South Africa Fire Resistance Cable Market by Insulation Material
9.4.5.1.2 South Africa Fire Resistance Cable Market by End-Use Industry
9.4.5.2 Saudi Arabia Fire Resistance Cable Market
9.4.5.2.1 Saudi Arabia Fire Resistance Cable Market by Insulation Material
9.4.5.2.2 Saudi Arabia Fire Resistance Cable Market by End-Use Industry
9.4.5.3 U.A.E Fire Resistance Cable Market
9.4.5.3.1 U.A.E Fire Resistance Cable Market by Insulation Material
9.4.5.3.2 U.A.E Fire Resistance Cable Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Fire Resistance Cable Market
9.4.5.4.1 Rest of Middle East and Africa Fire Resistance Cable Market by Insulation Material
9.4.5.4.2 Rest of Middle East and Africa Fire Resistance Cable Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fire Resistance Cable Market Overview
9.5.2 South and Central America Fire Resistance Cable Market Forecasts and Analysis
9.5.3 South and Central America Fire Resistance Cable Market Forecasts and Analysis - By Insulation Material
9.5.4 South and Central America Fire Resistance Cable Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Fire Resistance Cable Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fire Resistance Cable Market
9.5.5.1.1 Brazil Fire Resistance Cable Market by Insulation Material
9.5.5.1.2 Brazil Fire Resistance Cable Market by End-Use Industry
9.5.5.2 Argentina Fire Resistance Cable Market
9.5.5.2.1 Argentina Fire Resistance Cable Market by Insulation Material
9.5.5.2.2 Argentina Fire Resistance Cable Market by End-Use Industry
9.5.5.3 Rest of South and Central America Fire Resistance Cable Market
9.5.5.3.1 Rest of South and Central America Fire Resistance Cable Market by Insulation Material
9.5.5.3.2 Rest of South and Central America Fire Resistance Cable Market by End-Use Industry

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. FIRE RESISTANCE CABLE MARKET, KEY COMPANY PROFILES
11.1. PRYSMIAN GROUP
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. EL SEWEDY ELECTRIC
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. ELSEWEDY ELECTRIC COMPANY
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. FURUKAWA ELECTRIC CO., LTD.
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. JIANGNAN GROUP LIMITED
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. LEONI AG
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. LS CABLE AND SYSTEM LIMITED
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. NEXANS S.A.
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. NKT GROUP
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. TRATOS LIMITED
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
The List of Companies

1.Prysmian Group
2.EL Sewedy Electric
3.Elsewedy Electric Company
4.Furukawa Electric Co., Ltd.
5.Jiangnan Group Limited
6.Leoni AG
7.LS Cable and System Limited
8.Nexans S.A.
9.NKT Group
10.Tratos Limited

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

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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