Floor-mounted Electric Enclosure Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
An electric enclosure is a container for electrical or electronic equipment that is used to place switches, knobs, and displays, as well as to protect the contents from the environment and to prevent electrical shock to users. Electrical equipment such as power generators, power distribution systems, transmitters, and so on are protected by the enclosure. Weather threats such as dirt, rain, sleet, or snow are protected by the enclosure. They're also suitable for food processing plants, dairies, refineries, and other industries that deal with corrosion. Electric enclosure have various types such as, wall mounted enclosures, floor mounted type and standing type.
MARKET SCOPE
The "Global Floor-Mounted Electric Enclosure Market Analysis to 2031" is a specialized and in-depth study of the Floor-mounted electric enclosure Market with a special focus on the global market trend analysis. The report aims to provide an overview of floor-mounted electric enclosure market with detailed market segmentation by product type and application. The global floor-mounted electric enclosure market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floor-mounted electric enclosure market player and offers key trends and opportunities in the floor-mounted electric enclosure market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, small enclosure, compact enclosure and free-size enclosure.
- Based on applications the market is segmented as, power generation and distribution, oil and gas, metals and mining, medical pulp and paper, food and beverages, others.
MARKET DYNAMICS
Drivers:- The growing demand for protection and safety and growth in power and industrial infrastructure is expected to boost market growth during the forecast period.
- Presence of stringent safety regulations is also driving the market growth further.
- Rising emphasis on connected cities in developing nations is expected to spur the market growth during the forecast period.
- Rising awareness about industrial and workplace safety.
- High rate of competition in market along with issue of seal leakage in enclosures are expected to restrain market growth during the forecast period.
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 floor-mounted electric enclosure 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 floor-mounted electric enclosure 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 floor-mounted electric enclosure 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 effecting the floor-mounted electric enclosure market in these regions.
IMPACT OF COVID-19 ON FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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 floor-mounted electric enclosure 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 floor-mounted electric enclosure 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 floor-mounted electric enclosure 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 effecting the floor-mounted electric enclosure market in these regions.
IMPACT OF COVID-19 ON FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the floor-mounted electric enclosure market 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 floor-mounted electric enclosure market are anticipated to lucrative growth opportunities in the future with the rising demand for floor-mounted electric enclosure market. Below mentioned is the list of few companies engaged in the floor-mounted electric enclosure market.
The report also includes the profiles of key floor-mounted electric enclosure 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.
- Nema Enclosures
- EPI Electrical Enclosures and Engineering
- KDM Steel
- Rittal GmbH and Co. KG
- Schneider Electric
- nVent
- Emerson
- Eaton
- Hammond Manufacturing Ltd
- FIBOX
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 Floor-mounted Electric Enclosure Market - By Product Type
1.3.2 Floor-mounted Electric Enclosure Market - By Applications
1.3.3 Floor-mounted Electric Enclosure Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLOOR-MOUNTED ELECTRIC ENCLOSURE 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FLOOR-MOUNTED ELECTRIC ENCLOSURE 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. FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET - GLOBAL MARKET ANALYSIS
6.1. FLOOR-MOUNTED ELECTRIC ENCLOSURE - GLOBAL MARKET OVERVIEW
6.2. FLOOR-MOUNTED ELECTRIC ENCLOSURE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SMALL ENCLOSURE
7.3.1. Overview
7.3.2. Small Enclosure Market Forecast and Analysis
7.4. COMPACT ENCLOSURE
7.4.1. Overview
7.4.2. Compact Enclosure Market Forecast and Analysis
7.5. FREE-SIZE ENCLOSURE
7.5.1. Overview
7.5.2. Free-size Enclosure Market Forecast and Analysis
8. FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. POWER GENERATION AND DISTRIBUTION
8.3.1. Overview
8.3.2. Power generation and distribution Market Forecast and Analysis
8.4. OIL AND GAS
8.4.1. Overview
8.4.2. Oil and Gas Market Forecast and Analysis
8.5. METALS AND MINING
8.5.1. Overview
8.5.2. Metals and Mining Market Forecast and Analysis
8.6. MEDICAL PULP AND PAPER
8.6.1. Overview
8.6.2. Medical Pulp and Paper Market Forecast and Analysis
8.7. FOOD AND BEVERAGES
8.7.1. Overview
8.7.2. Food and Beverages Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Floor-mounted Electric Enclosure Market Overview
9.1.2 North America Floor-mounted Electric Enclosure Market Forecasts and Analysis
9.1.3 North America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Product Type
9.1.4 North America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Applications
9.1.5 North America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Countries
9.1.5.1 United States Floor-mounted Electric Enclosure Market
9.1.5.1.1 United States Floor-mounted Electric Enclosure Market by Product Type
9.1.5.1.2 United States Floor-mounted Electric Enclosure Market by Applications
9.1.5.2 Canada Floor-mounted Electric Enclosure Market
9.1.5.2.1 Canada Floor-mounted Electric Enclosure Market by Product Type
9.1.5.2.2 Canada Floor-mounted Electric Enclosure Market by Applications
9.1.5.3 Mexico Floor-mounted Electric Enclosure Market
9.1.5.3.1 Mexico Floor-mounted Electric Enclosure Market by Product Type
9.1.5.3.2 Mexico Floor-mounted Electric Enclosure Market by Applications
9.2. EUROPE
9.2.1 Europe Floor-mounted Electric Enclosure Market Overview
9.2.2 Europe Floor-mounted Electric Enclosure Market Forecasts and Analysis
9.2.3 Europe Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Product Type
9.2.4 Europe Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Applications
9.2.5 Europe Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Floor-mounted Electric Enclosure Market
9.2.5.1.1 Germany Floor-mounted Electric Enclosure Market by Product Type
9.2.5.1.2 Germany Floor-mounted Electric Enclosure Market by Applications
9.2.5.2 France Floor-mounted Electric Enclosure Market
9.2.5.2.1 France Floor-mounted Electric Enclosure Market by Product Type
9.2.5.2.2 France Floor-mounted Electric Enclosure Market by Applications
9.2.5.3 Italy Floor-mounted Electric Enclosure Market
9.2.5.3.1 Italy Floor-mounted Electric Enclosure Market by Product Type
9.2.5.3.2 Italy Floor-mounted Electric Enclosure Market by Applications
9.2.5.4 United Kingdom Floor-mounted Electric Enclosure Market
9.2.5.4.1 United Kingdom Floor-mounted Electric Enclosure Market by Product Type
9.2.5.4.2 United Kingdom Floor-mounted Electric Enclosure Market by Applications
9.2.5.5 Russia Floor-mounted Electric Enclosure Market
9.2.5.5.1 Russia Floor-mounted Electric Enclosure Market by Product Type
9.2.5.5.2 Russia Floor-mounted Electric Enclosure Market by Applications
9.2.5.6 Rest of Europe Floor-mounted Electric Enclosure Market
9.2.5.6.1 Rest of Europe Floor-mounted Electric Enclosure Market by Product Type
9.2.5.6.2 Rest of Europe Floor-mounted Electric Enclosure Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Floor-mounted Electric Enclosure Market Overview
9.3.2 Asia-Pacific Floor-mounted Electric Enclosure Market Forecasts and Analysis
9.3.3 Asia-Pacific Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Floor-mounted Electric Enclosure Market
9.3.5.1.1 Australia Floor-mounted Electric Enclosure Market by Product Type
9.3.5.1.2 Australia Floor-mounted Electric Enclosure Market by Applications
9.3.5.2 China Floor-mounted Electric Enclosure Market
9.3.5.2.1 China Floor-mounted Electric Enclosure Market by Product Type
9.3.5.2.2 China Floor-mounted Electric Enclosure Market by Applications
9.3.5.3 India Floor-mounted Electric Enclosure Market
9.3.5.3.1 India Floor-mounted Electric Enclosure Market by Product Type
9.3.5.3.2 India Floor-mounted Electric Enclosure Market by Applications
9.3.5.4 Japan Floor-mounted Electric Enclosure Market
9.3.5.4.1 Japan Floor-mounted Electric Enclosure Market by Product Type
9.3.5.4.2 Japan Floor-mounted Electric Enclosure Market by Applications
9.3.5.5 South Korea Floor-mounted Electric Enclosure Market
9.3.5.5.1 South Korea Floor-mounted Electric Enclosure Market by Product Type
9.3.5.5.2 South Korea Floor-mounted Electric Enclosure Market by Applications
9.3.5.6 Rest of Asia-Pacific Floor-mounted Electric Enclosure Market
9.3.5.6.1 Rest of Asia-Pacific Floor-mounted Electric Enclosure Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Floor-mounted Electric Enclosure Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Floor-mounted Electric Enclosure Market Overview
9.4.2 Middle East and Africa Floor-mounted Electric Enclosure Market Forecasts and Analysis
9.4.3 Middle East and Africa Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Floor-mounted Electric Enclosure Market
9.4.5.1.1 South Africa Floor-mounted Electric Enclosure Market by Product Type
9.4.5.1.2 South Africa Floor-mounted Electric Enclosure Market by Applications
9.4.5.2 Saudi Arabia Floor-mounted Electric Enclosure Market
9.4.5.2.1 Saudi Arabia Floor-mounted Electric Enclosure Market by Product Type
9.4.5.2.2 Saudi Arabia Floor-mounted Electric Enclosure Market by Applications
9.4.5.3 U.A.E Floor-mounted Electric Enclosure Market
9.4.5.3.1 U.A.E Floor-mounted Electric Enclosure Market by Product Type
9.4.5.3.2 U.A.E Floor-mounted Electric Enclosure Market by Applications
9.4.5.4 Rest of Middle East and Africa Floor-mounted Electric Enclosure Market
9.4.5.4.1 Rest of Middle East and Africa Floor-mounted Electric Enclosure Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Floor-mounted Electric Enclosure Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Floor-mounted Electric Enclosure Market Overview
9.5.2 South and Central America Floor-mounted Electric Enclosure Market Forecasts and Analysis
9.5.3 South and Central America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Floor-mounted Electric Enclosure Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Floor-mounted Electric Enclosure Market
9.5.5.1.1 Brazil Floor-mounted Electric Enclosure Market by Product Type
9.5.5.1.2 Brazil Floor-mounted Electric Enclosure Market by Applications
9.5.5.2 Argentina Floor-mounted Electric Enclosure Market
9.5.5.2.1 Argentina Floor-mounted Electric Enclosure Market by Product Type
9.5.5.2.2 Argentina Floor-mounted Electric Enclosure Market by Applications
9.5.5.3 Rest of South and Central America Floor-mounted Electric Enclosure Market
9.5.5.3.1 Rest of South and Central America Floor-mounted Electric Enclosure Market by Product Type
9.5.5.3.2 Rest of South and Central America Floor-mounted Electric Enclosure Market by Applications
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. FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET, KEY COMPANY PROFILES
11.1. NEMA ENCLOSURES
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. EPI ELECTRICAL ENCLOSURES AND ENGINEERING
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. KDM STEEL
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. RITTAL GMBH AND CO. KG
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. SCHNEIDER ELECTRIC
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. NVENT
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. EMERSON
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. EATON
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. HAMMOND MANUFACTURING LTD
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. FIBOX
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. Nema Enclosures
2. EPI Electrical Enclosures and Engineering
3. KDM Steel
4. Rittal GmbH and Co. KG
5. Schneider Electric
6. nVent
7. Emerson
8. Eaton
9. Hammond Manufacturing Ltd
10. FIBOX
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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