India Industrial Plugs and Sockets Market Forecast (2024-2031)
The India industrial plugs and sockets market size is expected to reach US$ 269.57 million by 2031 from US$ 187.06 million in 2023. The market is estimated to record a CAGR of 4.7% from 2023 to 2031. Adoption of robotics and automation is likely to remain a key market trend in the coming years.
India Industrial Plugs and Sockets Market Analysis
Flourishing oil & gas and construction sectors, rising concern of electrical safety in industrial sector, and surging special economic zones propel the India industrial plugs and sockets market. On the other hand, supply chain disruptions hinder the growth of the market. Further, progressive manufacturing sector and expanding EV charging infrastructure create an opportunity for the growth of the market. The adoption of robotics and automation is expected to bring significant growth trends in the market in the future.
India Industrial Plugs and Sockets Market Overview
Industrial plugs and sockets are being used across different industries to safeguard the equipment to which they are connected by securing electric connections. They are designed to deal with extreme temperatures and possible exposure to chemicals. These components are easy to install and usually manufactured with efficient and low-cost materials to enable resistance to chemicals, dust, and water, among others. The demand for these plugs and sockets is increasing in India with an upsurge in energy & power generation, construction, and electrical projects. Rising industrialization generates notable growth opportunities for companies in the international plugs and sockets market to expand their businesses in India. Industrial plugs and sockets feature excellent conductivity, large connection area, and compact design. Various types of these components are available on the market; these include surface mounting and panel mounting sockets, and multiphase plugs, among others.
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India Industrial Plugs and Sockets Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
India Industrial Plugs and Sockets Market: Strategic Insights
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India Industrial Plugs and Sockets Market Drivers and Opportunities
Flourishing Oil & Gas and Construction Sectors Favor Market Growth
The oil & gas sector, which is closely related to its energy demand, plays a significant role in boosting the Indian economy. According to the International Energy Agency (IEA), in February 2024, India became the third-largest consumer of oil in the world. The Government of India has adopted several policies to cater to the rise in the demand for oil and gas. 100% FDI provisions in various segments of this sector, including petroleum products, natural gas, and refineries, further favor its growth. In March 2022, the Board of Oil India approved an investment of INR 6,555 crore (US$ 839.49 million) for the Numaligarh petrochemical project. In March 2024, the Indian Prime Minister launched a series of oil and gas sector projects totaling ~US$ 19.27 billion (INR 1.62 lakh crore) across the country, including those from Bihar, Maharashtra, Karnataka, and Punjab. In the oil and gas industry, industrial plugs and sockets are employed to ensure the safe and efficient operations of a wide range of equipment, including drilling rigs and hydraulic systems, by offering reliable electrical connections.
According to the Construction Industry Development Council, the Indian construction industry provides employment to nearly 32 million candidates, and it is the second largest contributor to its national GDP after the agricultural sector. The construction industry in India is divided into two segments: real estate and urban development. The real estate segment includes residential spaces, offices, hotels, retail chains, and leisure park properties, among others. The urban development segment includes subsegments such as water supply, sanitation, urban transportation, schools, and healthcare. With the rising population and FDI inflow, the construction sector in India is continuously growing. Construction sites require an uninterrupted power supply for the functioning of heavy machinery such as excavators, cranes, and concrete mixers. Industrial plugs and sockets are required for the electrical connections of the tools and machinery. They also play a vital part in the continuous operations of site management systems. Thus, the flourishing oil and gas, and construction industries bolster the India industrial plugs and sockets market
Progressive Manufacturing Sector to Create Significant Opportunities for Market
According to the Indian Brand Equity Foundation (IBEF), India is the world's third most preferred destination for manufacturing plants, and it is likely to attain the capability of exporting US$ 1 trillion worth of goods by 2030. The country is implementing different programs and policies with an aim to raise the manufacturing sector's contribution to 25% of the economic output by 2025. The Make in India program and the Production-Linked Incentive (PLI) scheme, attracting foreign direct investments (FDIs) and enhancing industrial infrastructure, provide a boost to the growth of the manufacturing industry. A few of the developments in the manufacturing sector in India are mentioned below:
- In September 2024, Copeland, headquartered in the US, announced its plans to invest US$ 60 million in India to expand its manufacturing facility in Atit, Maharashtra. With this investment, the company also intends to construct a new global R&D center in Pune.
- Till March 2024, PLI for 14 key sectors was announced with an outlay of over US$ 26 billion to enhance India's manufacturing capabilities and exports.
The manufacturing industries such as automotive, chemicals, and pharmaceuticals are receiving massive investments. Efforts being made to set up new manufacturing facilities or modernize the existing ones would generate the need for industrial plugs and sockets to enable electrical connections and minimize workplace-based accidents. Thus, the proliferating manufacturing sector presents numerous opportunities for the future growth of the India industrial plugs and sockets market.
India Industrial Plugs and Sockets Market Report Segmentation Analysis
Key segments that contributed to the derivation of the India industrial plugs and sockets market analysis are protection type, type, end user, and rating.
- Based on protection type, the India industrial plugs and sockets market is segmented into dustproof, splash proof, waterproof, and others. The dustproof segment dominated the market in 2023.
- Based on type, the India industrial plugs and sockets market is bifurcated into plugs and sockets. The sockets segment dominated the market in 2023.
- Based on end user, the India industrial plugs and sockets market is segmented into chemical and pharmaceutical, heavy industry, oil & gas, power generation, automotive, and others. The heavy industry segment dominated the market in 2023.
- Based on current rating, the India industrial plugs and sockets market is segmented into 16 amp, 32 amp, 63 amp, and 125 amp. The 32 amp segment dominated the market in 2023.
India Industrial Plugs and Sockets Market Share Analysis by Geography
- India has a robust automotive sector majorly driven by the middle-class income and youth population. The industrial plugs and switches in vehicle manufacturing plants are crucial for uninterrupted power supply. According to the India Brand Equity Foundation, the country holds a strong position in the heavy vehicles market, as it is the largest tractor producer, second-largest bus manufacturer, and third-largest heavy truck manufacturer globally. The annual production of automobiles in India was 22.93 million vehicles in FY 2022. In addition, rising investments in the automotive sector fuel the production of automobiles. For instance, in January 2023, MG Motor India invested US$ 100 million to expand capacity, expecting ~70% growth in production in 2023. In December 2022, Mahindra & Mahindra invested US$ 1.2 billion (Rs 10,000 crore) in an electric vehicle manufacturing plant in Pune. Such investments drive the demand for industrial plugs and switches in automotive manufacturing plants for uninterrupted power supply. Modern automotive plants are increasingly implementing advanced robotics and automated systems, with each production line requiring numerous industrial-grade power connections.
India Industrial Plugs and Sockets Market Report Scope
India Industrial Plugs and Sockets Market News and Recent Developments
The India industrial plugs and sockets market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the India industrial plugs and sockets market are listed below:
- Schneider Electric announced the launch of the UNICA X range of slimline stainless-steel switches and sockets in the first of the series’ global rollouts at Festival Walk in Hong Kong. The UNICA X switches and sockets combine premium quality and functionality. They are developed to fit seamlessly onto walls with an ultra-slim 6.5 mm visible profile thickness, making it Schneider Electric’s slimmest product available to date. The aesthetically pleasing range is claimed to meet the design expectations of homebuilders, interior designers, and hoteliers inclined toward stylish interiors.
(Source: Schneider Electric, Press Release, September 2024)
India Industrial Plugs and Sockets Market Report Coverage and Deliverables
The "India Industrial Plugs and Sockets Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- India industrial plugs and sockets market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- India industrial plugs and sockets market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- India industrial plugs and sockets market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the India industrial plugs and sockets market
- Detailed company profiles
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.
Frequently Asked Questions
The key players holding majority shares in the India industrial plugs and sockets market are ABB, Legrand, Schneider Electric, BCH Electric Limited, and MENNEKES.
The India industrial plugs and sockets marketis expected to reach US$ 269.57 million by 2031.
The incremental growth expected to be recorded for the India industrial plugs and sockets market during the forecast period is US$ 82.51 million.
The India industrial plugs and sockets market was estimated to be US$ 187.06 million in 2023 and is expected to grow at a CAGR of 4.7 % during the forecast period 2023 – 2031.
Adoption of robotics and automation is anticipated to play a significant role in the India industrial plugs and sockets market in the coming years.
Flourishing oil & gas and construction sectors; rising concern of electrical safety in industrial sector; and surging special economic zones are the major factors that propel the India industrial plugs and sockets market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. India Industrial Plugs and Sockets Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Software Providers:
4.3.2 OEMs/Product Manufacturers:
4.3.3 Retailers and Authorized Distributors:
4.3.4 End Users:
4.3.5 List of Vendors in the Value Chain
5. India Industrial Plugs and Sockets Market – Key Market Dynamics
5.1 India Industrial Plugs and Sockets Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Flourishing Oil & Gas and Construction Sectors
5.2.2 Rising Concern of Electrical Safety in Industrial Sector
5.2.3 Surging Special Economic Zones
5.3 Market Restraints
5.3.1 Supply Chain Disruptions
5.4 Market Opportunities
5.4.1 Progressive Manufacturing Sector
5.4.2 Expanding EV Charging Infrastructure
5.5 Future Trends
5.5.1 Adoption of Robotics and Automation
5.6 Impact of Drivers and Restraints:
6. India Industrial Plugs and Sockets Market Analysis
6.1 India Industrial Plugs and Sockets Market Revenue (US$ Million), 2021–2031
6.2 India Industrial Plugs and Sockets Market Forecast and Analysis
7. India Industrial Plugs and Sockets Market Analysis – by Protection Type
7.1 Dust Proof
7.1.1 Overview
7.1.2 Dust Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Water Proof
7.2.1 Overview
7.2.2 Water Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Splash Proof
7.3.1 Overview
7.3.2 Splash Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
8. India Industrial Plugs and Sockets Market Analysis – by Type
8.1 Socket
8.1.1 Overview
8.1.2 Socket: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Plug
8.2.1 Overview
8.2.2 Plug: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9. India Industrial Plugs and Sockets Market Analysis – by End User
9.1 Heavy Industry
9.1.1 Overview
9.1.2 Heavy Industry: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Oil and Gas
9.2.1 Overview
9.2.2 Oil and Gas: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Power Generation
9.3.1 Overview
9.3.2 Power Generation: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Chemical and Pharmaceutical
9.5.1 Overview
9.5.2 Chemical and Pharmaceutical: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
10. India Industrial Plugs and Sockets Market Analysis – by Current Rating
10.1 32 Amp
10.1.1 Overview
10.1.2 32 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
10.2 16 Amp
10.2.1 Overview
10.2.2 16 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
10.3 63 Amp
10.3.1 Overview
10.3.2 63 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
10.4 125 Amp
10.4.1 Overview
10.4.2 125 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Amphenol Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Legrand SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BCH Electric Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trinity Touch
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MENNEKES
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SCAME PARRE S.p.A.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Super Engineering Works
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Schneider Electric SE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Neptune India Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About the Insight Partners
List of Tables
Table 1. India Industrial Plugs and Sockets Market Segmentation
Table 2. List of Vendors
Table 3. India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million) – by Protection Type
Table 5. India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million) – by Current Rating
Table 8. Company Positioning & Concentration
Table 9. List of Abbreviation
List of Figures
Figure 1. India Industrial Plugs and Sockets Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. India Industrial Plugs and Sockets Market Revenue (US$ Million), 2021–2031
Figure 5. India Industrial Plugs and Sockets Market Share (%) – by Protection Type, 2023 and 2031
Figure 6. Dust Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Water Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Splash Proof: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Others: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. India Industrial Plugs and Sockets Market Share (%) – by Type, 2023 and 2031
Figure 11. Socket: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Plug: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. India Industrial Plugs and Sockets Market Share (%) – by End User, 2023 and 2031
Figure 14. Heavy Industry: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Oil and Gas: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Power Generation: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Automotive: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Chemical and Pharmaceutical: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Others: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. India Industrial Plugs and Sockets Market Share (%) – by Current Rating, 2023 and 2031
Figure 21. 32 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. 16 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. 63 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. 125 Amp: India Industrial Plugs and Sockets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Heat Map Analysis by Key Players
The List of Companies - India Industrial Plugs and Sockets Market
- ABB Ltd.
- Amphenol Corporation
- BCH Electric Limited
- Eaton Corporation plc
- General Industrial Controls Private Limited (GIC)
- Legrand SA
- MENNEKES
- SCAME PARRE S.p.A.
- Schneider Electric
- Super Engineering Works
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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