Home Standby Gensets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A standby generator is a back-up electrical system that operates automatically. Within seconds of a utility outage an automatic transfer switch senses the power loss, commands the generator to start and then transfers the electrical load to the generator. The standby generator begins supplying power to the circuits. After utility power returns, the automatic transfer switch transfers the electrical load back to the utility and signals the standby generator to shut off. It then returns to standby mode where it awaits the next outage. To ensure a proper response to an outage, a standby generator runs weekly self-tests. Most units run on diesel, natural gas, or liquid propane gas.
MARKET DYNAMICS
The global standby generator market is thriving on the back of the increasing energy and constant power supply needs, raising the need for emergency power backup sources, such as standby generators. Moreover, increasing research and development projects that have resulted in the development of advanced standby generators, growing collaboration and partnerships of large manufacturing companies, and the rising number of product launches are anticipated to contribute towards the growth of the global standby generator market.
MARKET SCOPE
The ˜Global Home Standby Generator Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the home standby generator market with detailed market segmentation by power rating, fuel, phase and product. The global home standby generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading home standby generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Power Rating: On the basis of power the market is divided into < 10 kVA, 10 kVA - 50 kVA, 50 kVA - 100 kVA, > 100 kVA
2. By Fuel: On the basis of fuel the market is divided into Diesel, Gas and Others.
3. By Phase: On the basis of phases, the market is divided into Single phase, and Three phase.
4. By Product: On the basis of product the market is divided into Air cooled, Liquid cooled.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The home standby generator market by each region is later sub-segmented by respective countries and segments. The 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 home standby generator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the home standby generator market in these regions.
IMPACT OF COVID 19
The sudden outspread of COVID-19 has resulted in halting of several industry operations across all economies following indefinite nationwide lockdowns and strict ban on public movement. However, continuing digital revolution attributed to upsurge in industry automation and technological upgradation will positively influence the market share. These units cater to a wide range of applications across residential, and light duty commercial sites, thereby enhancing the product penetration.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The home standby generator market by each region is later sub-segmented by respective countries and segments. The 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 home standby generator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the home standby generator market in these regions.
IMPACT OF COVID 19
The sudden outspread of COVID-19 has resulted in halting of several industry operations across all economies following indefinite nationwide lockdowns and strict ban on public movement. However, continuing digital revolution attributed to upsurge in industry automation and technological upgradation will positively influence the market share. These units cater to a wide range of applications across residential, and light duty commercial sites, thereby enhancing the product penetration.
MARKET PLAYERS
The report covers vital developments in the home standby generator 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 partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the home standby generator market are anticipated to have lucrative growth opportunities in the future with the rising demand for home standby generator in the global market. Below mentioned is the list of a few companies engaged in the home standby generator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home standby generator market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Ashok Leyland
- Briggs and Stratton
- Caterpillar
- Champion Cummins
- Eaton
- Generac
- HIMOINSA
- Honeywell
- Kohler
- Powerica
- Sommers
- 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
1.3.1Home Standby Gensets Market - By Power Rating
1.3.2Home Standby Gensets Market - By Fuel
1.3.3Home Standby Gensets Market - By Phase
1.3.4Home Standby Gensets Market - By Product
1.3.5Home Standby Gensets Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HOME STANDBY GENSETS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.HOME STANDBY GENSETS 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.HOME STANDBY GENSETS MARKET - GLOBAL MARKET ANALYSIS
6.1.HOME STANDBY GENSETS - GLOBAL MARKET OVERVIEW
6.2.HOME STANDBY GENSETS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.HOME STANDBY GENSETS MARKET - REVENUE AND FORECASTS TO 2028 " POWER RATING
7.1.OVERVIEW
7.2.POWER RATING MARKET FORECASTS AND ANALYSIS
7.3.< 10 KVA
7.3.1.Overview
7.3.2.< 10 kVA Market Forecast and Analysis
7.4.10 KVA - 50 KVA
7.4.1.Overview
7.4.2.10 kVA - 50 kVA Market Forecast and Analysis
7.5.50 KVA - 100 KVA
7.5.1.Overview
7.5.2.50 kVA - 100 kVA Market Forecast and Analysis
7.6.> 100 KVA
7.6.1.Overview
7.6.2.> 100 kVA Market Forecast and Analysis
8.HOME STANDBY GENSETS MARKET - REVENUE AND FORECASTS TO 2028 " FUEL
8.1.OVERVIEW
8.2.FUEL MARKET FORECASTS AND ANALYSIS
8.3.DIESEL
8.3.1.Overview
8.3.2.Diesel Market Forecast and Analysis
8.4.GAS
8.4.1.Overview
8.4.2.Gas Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.HOME STANDBY GENSETS MARKET - REVENUE AND FORECASTS TO 2028 " PHASE
9.1.OVERVIEW
9.2.PHASE MARKET FORECASTS AND ANALYSIS
9.3.SINGLE PHASE
9.3.1.Overview
9.3.2.Single phase Market Forecast and Analysis
9.4.THREE PHASE
9.4.1.Overview
9.4.2.Three phase Market Forecast and Analysis
10.HOME STANDBY GENSETS MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT
10.1.OVERVIEW
10.2.PRODUCT MARKET FORECASTS AND ANALYSIS
10.3.AIR COOLED
10.3.1.Overview
10.3.2.Air cooled Market Forecast and Analysis
10.4.LIQUID COOLED
10.4.1.Overview
10.4.2.Liquid cooled Market Forecast and Analysis
11.HOME STANDBY GENSETS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Home Standby Gensets Market Overview
11.1.2North America Home Standby Gensets Market Forecasts and Analysis
11.1.3North America Home Standby Gensets Market Forecasts and Analysis - By Power Rating
11.1.4North America Home Standby Gensets Market Forecasts and Analysis - By Fuel
11.1.5North America Home Standby Gensets Market Forecasts and Analysis - By Phase
11.1.6North America Home Standby Gensets Market Forecasts and Analysis - By Product
11.1.7North America Home Standby Gensets Market Forecasts and Analysis - By Countries
11.1.7.1United States Home Standby Gensets Market
11.1.7.1.1United States Home Standby Gensets Market by Power Rating
11.1.7.1.2United States Home Standby Gensets Market by Fuel
11.1.7.1.3United States Home Standby Gensets Market by Phase
11.1.7.1.4United States Home Standby Gensets Market by Product
11.1.7.2Canada Home Standby Gensets Market
11.1.7.2.1Canada Home Standby Gensets Market by Power Rating
11.1.7.2.2Canada Home Standby Gensets Market by Fuel
11.1.7.2.3Canada Home Standby Gensets Market by Phase
11.1.7.2.4Canada Home Standby Gensets Market by Product
11.1.7.3Mexico Home Standby Gensets Market
11.1.7.3.1Mexico Home Standby Gensets Market by Power Rating
11.1.7.3.2Mexico Home Standby Gensets Market by Fuel
11.1.7.3.3Mexico Home Standby Gensets Market by Phase
11.1.7.3.4Mexico Home Standby Gensets Market by Product
11.2.EUROPE
11.2.1Europe Home Standby Gensets Market Overview
11.2.2Europe Home Standby Gensets Market Forecasts and Analysis
11.2.3Europe Home Standby Gensets Market Forecasts and Analysis - By Power Rating
11.2.4Europe Home Standby Gensets Market Forecasts and Analysis - By Fuel
11.2.5Europe Home Standby Gensets Market Forecasts and Analysis - By Phase
11.2.6Europe Home Standby Gensets Market Forecasts and Analysis - By Product
11.2.7Europe Home Standby Gensets Market Forecasts and Analysis - By Countries
11.2.7.1Germany Home Standby Gensets Market
11.2.7.1.1Germany Home Standby Gensets Market by Power Rating
11.2.7.1.2Germany Home Standby Gensets Market by Fuel
11.2.7.1.3Germany Home Standby Gensets Market by Phase
11.2.7.1.4Germany Home Standby Gensets Market by Product
11.2.7.2France Home Standby Gensets Market
11.2.7.2.1France Home Standby Gensets Market by Power Rating
11.2.7.2.2France Home Standby Gensets Market by Fuel
11.2.7.2.3France Home Standby Gensets Market by Phase
11.2.7.2.4France Home Standby Gensets Market by Product
11.2.7.3Italy Home Standby Gensets Market
11.2.7.3.1Italy Home Standby Gensets Market by Power Rating
11.2.7.3.2Italy Home Standby Gensets Market by Fuel
11.2.7.3.3Italy Home Standby Gensets Market by Phase
11.2.7.3.4Italy Home Standby Gensets Market by Product
11.2.7.4Spain Home Standby Gensets Market
11.2.7.4.1Spain Home Standby Gensets Market by Power Rating
11.2.7.4.2Spain Home Standby Gensets Market by Fuel
11.2.7.4.3Spain Home Standby Gensets Market by Phase
11.2.7.4.4Spain Home Standby Gensets Market by Product
11.2.7.5United Kingdom Home Standby Gensets Market
11.2.7.5.1United Kingdom Home Standby Gensets Market by Power Rating
11.2.7.5.2United Kingdom Home Standby Gensets Market by Fuel
11.2.7.5.3United Kingdom Home Standby Gensets Market by Phase
11.2.7.5.4United Kingdom Home Standby Gensets Market by Product
11.2.7.6Russia Home Standby Gensets Market
11.2.7.6.1Russia Home Standby Gensets Market by Power Rating
11.2.7.6.2Russia Home Standby Gensets Market by Fuel
11.2.7.6.3Russia Home Standby Gensets Market by Phase
11.2.7.6.4Russia Home Standby Gensets Market by Product
11.2.7.7Rest of Europe Home Standby Gensets Market
11.2.7.7.1Rest of Europe Home Standby Gensets Market by Power Rating
11.2.7.7.2Rest of Europe Home Standby Gensets Market by Fuel
11.2.7.7.3Rest of Europe Home Standby Gensets Market by Phase
11.2.7.7.4Rest of Europe Home Standby Gensets Market by Product
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Home Standby Gensets Market Overview
11.3.2Asia-Pacific Home Standby Gensets Market Forecasts and Analysis
11.3.3Asia-Pacific Home Standby Gensets Market Forecasts and Analysis - By Power Rating
11.3.4Asia-Pacific Home Standby Gensets Market Forecasts and Analysis - By Fuel
11.3.5Asia-Pacific Home Standby Gensets Market Forecasts and Analysis - By Phase
11.3.6Asia-Pacific Home Standby Gensets Market Forecasts and Analysis - By Product
11.3.7Asia-Pacific Home Standby Gensets Market Forecasts and Analysis - By Countries
11.3.7.1Australia Home Standby Gensets Market
11.3.7.1.1Australia Home Standby Gensets Market by Power Rating
11.3.7.1.2Australia Home Standby Gensets Market by Fuel
11.3.7.1.3Australia Home Standby Gensets Market by Phase
11.3.7.1.4Australia Home Standby Gensets Market by Product
11.3.7.2China Home Standby Gensets Market
11.3.7.2.1China Home Standby Gensets Market by Power Rating
11.3.7.2.2China Home Standby Gensets Market by Fuel
11.3.7.2.3China Home Standby Gensets Market by Phase
11.3.7.2.4China Home Standby Gensets Market by Product
11.3.7.3India Home Standby Gensets Market
11.3.7.3.1India Home Standby Gensets Market by Power Rating
11.3.7.3.2India Home Standby Gensets Market by Fuel
11.3.7.3.3India Home Standby Gensets Market by Phase
11.3.7.3.4India Home Standby Gensets Market by Product
11.3.7.4Japan Home Standby Gensets Market
11.3.7.4.1Japan Home Standby Gensets Market by Power Rating
11.3.7.4.2Japan Home Standby Gensets Market by Fuel
11.3.7.4.3Japan Home Standby Gensets Market by Phase
11.3.7.4.4Japan Home Standby Gensets Market by Product
11.3.7.5South Korea Home Standby Gensets Market
11.3.7.5.1South Korea Home Standby Gensets Market by Power Rating
11.3.7.5.2South Korea Home Standby Gensets Market by Fuel
11.3.7.5.3South Korea Home Standby Gensets Market by Phase
11.3.7.5.4South Korea Home Standby Gensets Market by Product
11.3.7.6Rest of Asia-Pacific Home Standby Gensets Market
11.3.7.6.1Rest of Asia-Pacific Home Standby Gensets Market by Power Rating
11.3.7.6.2Rest of Asia-Pacific Home Standby Gensets Market by Fuel
11.3.7.6.3Rest of Asia-Pacific Home Standby Gensets Market by Phase
11.3.7.6.4Rest of Asia-Pacific Home Standby Gensets Market by Product
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Home Standby Gensets Market Overview
11.4.2Middle East and Africa Home Standby Gensets Market Forecasts and Analysis
11.4.3Middle East and Africa Home Standby Gensets Market Forecasts and Analysis - By Power Rating
11.4.4Middle East and Africa Home Standby Gensets Market Forecasts and Analysis - By Fuel
11.4.5Middle East and Africa Home Standby Gensets Market Forecasts and Analysis - By Phase
11.4.6Middle East and Africa Home Standby Gensets Market Forecasts and Analysis - By Product
11.4.7Middle East and Africa Home Standby Gensets Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Home Standby Gensets Market
11.4.7.1.1South Africa Home Standby Gensets Market by Power Rating
11.4.7.1.2South Africa Home Standby Gensets Market by Fuel
11.4.7.1.3South Africa Home Standby Gensets Market by Phase
11.4.7.1.4South Africa Home Standby Gensets Market by Product
11.4.7.2Saudi Arabia Home Standby Gensets Market
11.4.7.2.1Saudi Arabia Home Standby Gensets Market by Power Rating
11.4.7.2.2Saudi Arabia Home Standby Gensets Market by Fuel
11.4.7.2.3Saudi Arabia Home Standby Gensets Market by Phase
11.4.7.2.4Saudi Arabia Home Standby Gensets Market by Product
11.4.7.3U.A.E Home Standby Gensets Market
11.4.7.3.1U.A.E Home Standby Gensets Market by Power Rating
11.4.7.3.2U.A.E Home Standby Gensets Market by Fuel
11.4.7.3.3U.A.E Home Standby Gensets Market by Phase
11.4.7.3.4U.A.E Home Standby Gensets Market by Product
11.4.7.4Rest of Middle East and Africa Home Standby Gensets Market
11.4.7.4.1Rest of Middle East and Africa Home Standby Gensets Market by Power Rating
11.4.7.4.2Rest of Middle East and Africa Home Standby Gensets Market by Fuel
11.4.7.4.3Rest of Middle East and Africa Home Standby Gensets Market by Phase
11.4.7.4.4Rest of Middle East and Africa Home Standby Gensets Market by Product
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Home Standby Gensets Market Overview
11.5.2South and Central America Home Standby Gensets Market Forecasts and Analysis
11.5.3South and Central America Home Standby Gensets Market Forecasts and Analysis - By Power Rating
11.5.4South and Central America Home Standby Gensets Market Forecasts and Analysis - By Fuel
11.5.5South and Central America Home Standby Gensets Market Forecasts and Analysis - By Phase
11.5.6South and Central America Home Standby Gensets Market Forecasts and Analysis - By Product
11.5.7South and Central America Home Standby Gensets Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Home Standby Gensets Market
11.5.7.1.1Brazil Home Standby Gensets Market by Power Rating
11.5.7.1.2Brazil Home Standby Gensets Market by Fuel
11.5.7.1.3Brazil Home Standby Gensets Market by Phase
11.5.7.1.4Brazil Home Standby Gensets Market by Product
11.5.7.2Argentina Home Standby Gensets Market
11.5.7.2.1Argentina Home Standby Gensets Market by Power Rating
11.5.7.2.2Argentina Home Standby Gensets Market by Fuel
11.5.7.2.3Argentina Home Standby Gensets Market by Phase
11.5.7.2.4Argentina Home Standby Gensets Market by Product
11.5.7.3Rest of South and Central America Home Standby Gensets Market
11.5.7.3.1Rest of South and Central America Home Standby Gensets Market by Power Rating
11.5.7.3.2Rest of South and Central America Home Standby Gensets Market by Fuel
11.5.7.3.3Rest of South and Central America Home Standby Gensets Market by Phase
11.5.7.3.4Rest of South and Central America Home Standby Gensets Market by Product
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.HOME STANDBY GENSETS MARKET, KEY COMPANY PROFILES
13.1.ASHOK LEYLAND
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.BRIGGS AND STRATTON
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.CATERPILLAR
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.CHAMPION CUMMINS
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.EATON
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.GENERAC
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.HIMOINSA
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.HONEYWELL
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.KOHLER
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.POWERICA
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
13.11.SOMMERS
13.11.1.Key Facts
13.11.2.Business Description
13.11.3.Products and Services
13.11.4.Financial Overview
13.11.5.SWOT Analysis
13.11.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.Ashok Leyland
2.Briggs and Stratton
3.Caterpillar
4.Champion Cummins
5.Eaton
6.Generac
7.HIMOINSA
8.Honeywell
9.Kohler
10.Powerica
11.Sommers
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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