LED Light Engine Market Developments by 2031
The LED light engine (LLE) is a modern lighting technology with improved efficiency and better durability. These light engines can be used in place of conventional lamps. LED light engines are composed of LED chips mounted on a circuit board. Unlike traditional LED, LLEs eliminate the need of AC/DC transformer as they can directly connect to alternating current or AC power.
MARKET DYNAMICS
The LED light engine market is anticipated to grow in the forecast period with rapid modernization coupled with infrastructural development. Moreover, initiatives by governing bodies towards the adoption of the energy-efficient lighting system and reduction in LED prices further contribute towards the growth of the LED light engine market. However, the lack of awareness among consumers about the installation cost and alternative technologies may hinder the growth of the LED light engine market in the future. On the other hand, the development of wireless technologies is expected to provide significant growth opportunities for the key players of the LED light engine market during the forecast period.
MARKET SCOPE
The "Global LED Light Engine Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of LED light engine market with detailed market segmentation by product type, installation, application area and geography. The global LED light engine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LED light engine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global LED light engine market is segmented on the basis of product type, installation and application area. Based on product type, the market is segmented as lamp and luminaire. On the basis of the installation, the market is segmented as new and retrofit. The market on the basis of the application area, is classified as indoor lighting and outdoor lighting. Indoor lighting segment is further sub-segmented into residential, commercial, industrial and others. On the other hand, the segment outdoor lighting is further classified as highways & roadways, architectural, public places and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global LED light engine 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 LED light engine 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 LED light engine 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 for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the LED light engine market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global LED light engine 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 LED light engine 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 LED light engine 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 for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the LED light engine market in these regions.
MARKET PLAYERSThe reports cover key developments in the LED light engine 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 the way for the expansion of business and customer base of market players. The market payers from LED light engine market are anticipated to lucrative growth opportunities in the future with the rising demand for LED light engine in the global market. Below mentioned is the list of few companies engaged in the LED light engine market.
The report also includes the profiles of key LED light engine 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 the last three years, key developments in the past five years.
- Acuity Brands, Inc.
- General Electric Company
- Glamox Limited
- Hubbell Incorporated
- Ideal Industries Inc.
- Lutron Electronics Co., Inc.
- OSRAM GmbH
- Samsung Electronics Co., Ltd.
- Signify Holding
- Zumtobel Lighting GmbH
- 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
1.3.1 LED Light Engine Market - By Product Type
1.3.2 LED Light Engine Market - By Installation
1.3.3 LED Light Engine Market - By Application Area
1.3.4 LED Light Engine Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. LED LIGHT ENGINE 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LED LIGHT ENGINE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. LED LIGHT ENGINE MARKET - GLOBAL MARKET ANALYSIS
6.1. LED LIGHT ENGINE - GLOBAL MARKET OVERVIEW
6.2. LED LIGHT ENGINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LED LIGHT ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. LAMP
7.3.1. Overview
7.3.2. Lamp Market Forecast and Analysis
7.4. LUMINAIRE
7.4.1. Overview
7.4.2. Luminaire Market Forecast and Analysis
8. LED LIGHT ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
8.1. OVERVIEW
8.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
8.3. NEW
8.3.1. Overview
8.3.2. New Market Forecast and Analysis
8.4. RETROFIT
8.4.1. Overview
8.4.2. Retrofit Market Forecast and Analysis
9. LED LIGHT ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION AREA
9.1. OVERVIEW
9.2. APPLICATION AREA MARKET FORECASTS AND ANALYSIS
9.3. INDOOR LIGHTING
9.3.1. Overview
9.3.2. Indoor Lighting Market Forecast and Analysis
9.3.3. Residential Market
9.3.3.1. Overview
9.3.3.2. Residential Market Forecast and Analysis
9.3.4. Commercial Market
9.3.4.1. Overview
9.3.4.2. Commercial Market Forecast and Analysis
9.3.5. Industrial Market
9.3.5.1. Overview
9.3.5.2. Industrial Market Forecast and Analysis
9.3.6. Others Market
9.3.6.1. Overview
9.3.6.2. Others Market Forecast and Analysis
9.4. OUTDOOR LIGHTING
9.4.1. Overview
9.4.2. Outdoor Lighting Market Forecast and Analysis
9.4.3. Highways and Roadways Market
9.4.3.1. Overview
9.4.3.2. Highways and Roadways Market Forecast and Analysis
9.4.4. Architectural Market
9.4.4.1. Overview
9.4.4.2. Architectural Market Forecast and Analysis
9.4.5. Public Places Market
9.4.5.1. Overview
9.4.5.2. Public Places Market Forecast and Analysis
9.4.6. Others Market
9.4.6.1. Overview
9.4.6.2. Others Market Forecast and Analysis
10. LED LIGHT ENGINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America LED Light Engine Market Overview
10.1.2 North America LED Light Engine Market Forecasts and Analysis
10.1.3 North America LED Light Engine Market Forecasts and Analysis - By Product Type
10.1.4 North America LED Light Engine Market Forecasts and Analysis - By Installation
10.1.5 North America LED Light Engine Market Forecasts and Analysis - By Application Area
10.1.6 North America LED Light Engine Market Forecasts and Analysis - By Countries
10.1.6.1 United States LED Light Engine Market
10.1.6.1.1 United States LED Light Engine Market by Product Type
10.1.6.1.2 United States LED Light Engine Market by Installation
10.1.6.1.3 United States LED Light Engine Market by Application Area
10.1.6.2 Canada LED Light Engine Market
10.1.6.2.1 Canada LED Light Engine Market by Product Type
10.1.6.2.2 Canada LED Light Engine Market by Installation
10.1.6.2.3 Canada LED Light Engine Market by Application Area
10.1.6.3 Mexico LED Light Engine Market
10.1.6.3.1 Mexico LED Light Engine Market by Product Type
10.1.6.3.2 Mexico LED Light Engine Market by Installation
10.1.6.3.3 Mexico LED Light Engine Market by Application Area
10.2. EUROPE
10.2.1 Europe LED Light Engine Market Overview
10.2.2 Europe LED Light Engine Market Forecasts and Analysis
10.2.3 Europe LED Light Engine Market Forecasts and Analysis - By Product Type
10.2.4 Europe LED Light Engine Market Forecasts and Analysis - By Installation
10.2.5 Europe LED Light Engine Market Forecasts and Analysis - By Application Area
10.2.6 Europe LED Light Engine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany LED Light Engine Market
10.2.6.1.1 Germany LED Light Engine Market by Product Type
10.2.6.1.2 Germany LED Light Engine Market by Installation
10.2.6.1.3 Germany LED Light Engine Market by Application Area
10.2.6.2 France LED Light Engine Market
10.2.6.2.1 France LED Light Engine Market by Product Type
10.2.6.2.2 France LED Light Engine Market by Installation
10.2.6.2.3 France LED Light Engine Market by Application Area
10.2.6.3 Italy LED Light Engine Market
10.2.6.3.1 Italy LED Light Engine Market by Product Type
10.2.6.3.2 Italy LED Light Engine Market by Installation
10.2.6.3.3 Italy LED Light Engine Market by Application Area
10.2.6.4 United Kingdom LED Light Engine Market
10.2.6.4.1 United Kingdom LED Light Engine Market by Product Type
10.2.6.4.2 United Kingdom LED Light Engine Market by Installation
10.2.6.4.3 United Kingdom LED Light Engine Market by Application Area
10.2.6.5 Russia LED Light Engine Market
10.2.6.5.1 Russia LED Light Engine Market by Product Type
10.2.6.5.2 Russia LED Light Engine Market by Installation
10.2.6.5.3 Russia LED Light Engine Market by Application Area
10.2.6.6 Rest of Europe LED Light Engine Market
10.2.6.6.1 Rest of Europe LED Light Engine Market by Product Type
10.2.6.6.2 Rest of Europe LED Light Engine Market by Installation
10.2.6.6.3 Rest of Europe LED Light Engine Market by Application Area
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific LED Light Engine Market Overview
10.3.2 Asia-Pacific LED Light Engine Market Forecasts and Analysis
10.3.3 Asia-Pacific LED Light Engine Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific LED Light Engine Market Forecasts and Analysis - By Installation
10.3.5 Asia-Pacific LED Light Engine Market Forecasts and Analysis - By Application Area
10.3.6 Asia-Pacific LED Light Engine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia LED Light Engine Market
10.3.6.1.1 Australia LED Light Engine Market by Product Type
10.3.6.1.2 Australia LED Light Engine Market by Installation
10.3.6.1.3 Australia LED Light Engine Market by Application Area
10.3.6.2 China LED Light Engine Market
10.3.6.2.1 China LED Light Engine Market by Product Type
10.3.6.2.2 China LED Light Engine Market by Installation
10.3.6.2.3 China LED Light Engine Market by Application Area
10.3.6.3 India LED Light Engine Market
10.3.6.3.1 India LED Light Engine Market by Product Type
10.3.6.3.2 India LED Light Engine Market by Installation
10.3.6.3.3 India LED Light Engine Market by Application Area
10.3.6.4 Japan LED Light Engine Market
10.3.6.4.1 Japan LED Light Engine Market by Product Type
10.3.6.4.2 Japan LED Light Engine Market by Installation
10.3.6.4.3 Japan LED Light Engine Market by Application Area
10.3.6.5 South Korea LED Light Engine Market
10.3.6.5.1 South Korea LED Light Engine Market by Product Type
10.3.6.5.2 South Korea LED Light Engine Market by Installation
10.3.6.5.3 South Korea LED Light Engine Market by Application Area
10.3.6.6 Rest of Asia-Pacific LED Light Engine Market
10.3.6.6.1 Rest of Asia-Pacific LED Light Engine Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific LED Light Engine Market by Installation
10.3.6.6.3 Rest of Asia-Pacific LED Light Engine Market by Application Area
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa LED Light Engine Market Overview
10.4.2 Middle East and Africa LED Light Engine Market Forecasts and Analysis
10.4.3 Middle East and Africa LED Light Engine Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa LED Light Engine Market Forecasts and Analysis - By Installation
10.4.5 Middle East and Africa LED Light Engine Market Forecasts and Analysis - By Application Area
10.4.6 Middle East and Africa LED Light Engine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa LED Light Engine Market
10.4.6.1.1 South Africa LED Light Engine Market by Product Type
10.4.6.1.2 South Africa LED Light Engine Market by Installation
10.4.6.1.3 South Africa LED Light Engine Market by Application Area
10.4.6.2 Saudi Arabia LED Light Engine Market
10.4.6.2.1 Saudi Arabia LED Light Engine Market by Product Type
10.4.6.2.2 Saudi Arabia LED Light Engine Market by Installation
10.4.6.2.3 Saudi Arabia LED Light Engine Market by Application Area
10.4.6.3 U.A.E LED Light Engine Market
10.4.6.3.1 U.A.E LED Light Engine Market by Product Type
10.4.6.3.2 U.A.E LED Light Engine Market by Installation
10.4.6.3.3 U.A.E LED Light Engine Market by Application Area
10.4.6.4 Rest of Middle East and Africa LED Light Engine Market
10.4.6.4.1 Rest of Middle East and Africa LED Light Engine Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa LED Light Engine Market by Installation
10.4.6.4.3 Rest of Middle East and Africa LED Light Engine Market by Application Area
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America LED Light Engine Market Overview
10.5.2 South and Central America LED Light Engine Market Forecasts and Analysis
10.5.3 South and Central America LED Light Engine Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America LED Light Engine Market Forecasts and Analysis - By Installation
10.5.5 South and Central America LED Light Engine Market Forecasts and Analysis - By Application Area
10.5.6 South and Central America LED Light Engine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil LED Light Engine Market
10.5.6.1.1 Brazil LED Light Engine Market by Product Type
10.5.6.1.2 Brazil LED Light Engine Market by Installation
10.5.6.1.3 Brazil LED Light Engine Market by Application Area
10.5.6.2 Argentina LED Light Engine Market
10.5.6.2.1 Argentina LED Light Engine Market by Product Type
10.5.6.2.2 Argentina LED Light Engine Market by Installation
10.5.6.2.3 Argentina LED Light Engine Market by Application Area
10.5.6.3 Rest of South and Central America LED Light Engine Market
10.5.6.3.1 Rest of South and Central America LED Light Engine Market by Product Type
10.5.6.3.2 Rest of South and Central America LED Light Engine Market by Installation
10.5.6.3.3 Rest of South and Central America LED Light Engine Market by Application Area
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. LED LIGHT ENGINE MARKET, KEY COMPANY PROFILES
12.1. ACUITY BRANDS, INC.
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. GENERAL ELECTRIC COMPANY
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. GLAMOX LIMITED
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. HUBBELL INCORPORATED
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. IDEAL INDUSTRIES INC.
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. LUTRON ELECTRONICS CO., INC.
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. OSRAM GMBH
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. SAMSUNG ELECTRONICS CO., LTD.
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. SIGNIFY HOLDING
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. ZUMTOBEL LIGHTING GMBH
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. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Acuity Brands, Inc.
2. General Electric Company
3. Glamox Limited
4. Hubbell Incorporated
5. Ideal Industries Inc.
6. Lutron Electronics Co., Inc.
7. OSRAM GmbH
8. Samsung Electronics Co., Ltd.
9. Signify Holding
10. Zumtobel Lighting GmbH
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.
Get Free Sample For