Medium Voltage Transformer Market Dynamics 2021-2031
The rising demand for electricity due to rapid urbanization in developing countries and the growing expansion of transmission and distribution (T&D) networks to integrate renewable energy sources are the key factors bolstering the growth of the global medium voltage transformer market are. Furthermore, the T&D network is transforming to reduce losses, which necessitates the replacement of electric components, such as medium voltage transformers, which is expected to propel the market during the forecast period.
MARKET SCOPE
The "Global Medium Voltage Transformer Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the medium voltage transformer market with detailed market segmentation by type, mounting, application, and geography. The report provides key statistics on the market status of the leading medium voltage transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented into liquid-filled transformer and dry-type transformer.
- Based on mounting, the market is segmented into pad-mounted transformer and pole-mounted transformer.
- Based on application, the market is segmented into residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
- Increased demand for medium voltage transformers as a result of increased renewable energy generation is boosting the growth of the global medium voltage transformer market.
Restraints:
- The massive investment required to set up and modernize the power transmission and distribution network and a lack of investment limit the growth of the medium voltage transformer market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medium voltage transformer 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 market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the medium voltage transformer market in these regions.
IMPACT OF COVID-19 ON MEDIUM VOLTAGE TRANSFORMER MARKET
The COVID-19 pandemic has significantly impacted the energy sector. The major players in the medium voltage transformer market includes ABB, CG Power and Industrial Solutions Limited, and Eaton. COVID-19 has severely impacted their businesses. Manufacturing has slowed due to lockdown regulations, and it has had a significant impact on the power sector's supply chain. The revival of industrial demand, on the other hand, has made it much easier for manufacturers to supply their goods, as well as increased demand from the commercial sector.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medium voltage transformer 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 market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the medium voltage transformer market in these regions.
IMPACT OF COVID-19 ON MEDIUM VOLTAGE TRANSFORMER MARKET
The COVID-19 pandemic has significantly impacted the energy sector. The major players in the medium voltage transformer market includes ABB, CG Power and Industrial Solutions Limited, and Eaton. COVID-19 has severely impacted their businesses. Manufacturing has slowed due to lockdown regulations, and it has had a significant impact on the power sector's supply chain. The revival of industrial demand, on the other hand, has made it much easier for manufacturers to supply their goods, as well as increased demand from the commercial sector.
MARKET PLAYERS
The report covers key developments in the medium voltage transformer 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 the business and customer base of market players. The market players from the medium voltage transformer market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medium voltage transformer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB
- CG Power and Industrial Solutions Limited
- Eaton
- Fortune Electric Co., Ltd.
- Fuji Electric Co., Ltd.
- General Electric
- Hitachi, Ltd.
- MGM Transformer Company
- Mitsubishi Electric Corporation
- SCHAFFNER HOLDING AG
- 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 Medium Voltage Transformer Market - By Type
1.3.2 Medium Voltage Transformer Market - By Mounting
1.3.3 Medium Voltage Transformer Market - By Application
1.3.4 Medium Voltage Transformer Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDIUM VOLTAGE TRANSFORMER 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. EXPERT OPINIONS
5. MEDIUM VOLTAGE TRANSFORMER 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. MEDIUM VOLTAGE TRANSFORMER MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDIUM VOLTAGE TRANSFORMER - GLOBAL MARKET OVERVIEW
6.2. MEDIUM VOLTAGE TRANSFORMER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDIUM VOLTAGE TRANSFORMER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LIQUID-FILLED TRANSFORMER
7.3.1. Overview
7.3.2. Liquid-Filled Transformer Market Forecast and Analysis
7.4. DRY-TYPE TRANSFORMER
7.4.1. Overview
7.4.2. Dry-Type Transformer Market Forecast and Analysis
8. MEDIUM VOLTAGE TRANSFORMER MARKET - REVENUE AND FORECASTS TO 2028 - MOUNTING
8.1. OVERVIEW
8.2. MOUNTING MARKET FORECASTS AND ANALYSIS
8.3. PAD-MOUNTED TRANSFORMER
8.3.1. Overview
8.3.2. Pad-Mounted Transformer Market Forecast and Analysis
8.4. POLE-MOUNTED TRANSFORMER
8.4.1. Overview
8.4.2. Pole-Mounted Transformer Market Forecast and Analysis
8.5. VPI
8.5.1. Overview
8.5.2. VPI Market Forecast and Analysis
9. MEDIUM VOLTAGE TRANSFORMER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
10. MEDIUM VOLTAGE TRANSFORMER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medium Voltage Transformer Market Overview
10.1.2 North America Medium Voltage Transformer Market Forecasts and Analysis
10.1.3 North America Medium Voltage Transformer Market Forecasts and Analysis - By Type
10.1.4 North America Medium Voltage Transformer Market Forecasts and Analysis - By Mounting
10.1.5 North America Medium Voltage Transformer Market Forecasts and Analysis - By Application
10.1.6 North America Medium Voltage Transformer Market Forecasts and Analysis - By Countries
10.1.6.1 United States Medium Voltage Transformer Market
10.1.6.1.1 United States Medium Voltage Transformer Market by Type
10.1.6.1.2 United States Medium Voltage Transformer Market by Mounting
10.1.6.1.3 United States Medium Voltage Transformer Market by Application
10.1.6.2 Canada Medium Voltage Transformer Market
10.1.6.2.1 Canada Medium Voltage Transformer Market by Type
10.1.6.2.2 Canada Medium Voltage Transformer Market by Mounting
10.1.6.2.3 Canada Medium Voltage Transformer Market by Application
10.1.6.3 Mexico Medium Voltage Transformer Market
10.1.6.3.1 Mexico Medium Voltage Transformer Market by Type
10.1.6.3.2 Mexico Medium Voltage Transformer Market by Mounting
10.1.6.3.3 Mexico Medium Voltage Transformer Market by Application
10.2. EUROPE
10.2.1 Europe Medium Voltage Transformer Market Overview
10.2.2 Europe Medium Voltage Transformer Market Forecasts and Analysis
10.2.3 Europe Medium Voltage Transformer Market Forecasts and Analysis - By Type
10.2.4 Europe Medium Voltage Transformer Market Forecasts and Analysis - By Mounting
10.2.5 Europe Medium Voltage Transformer Market Forecasts and Analysis - By Application
10.2.6 Europe Medium Voltage Transformer Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medium Voltage Transformer Market
10.2.6.1.1 Germany Medium Voltage Transformer Market by Type
10.2.6.1.2 Germany Medium Voltage Transformer Market by Mounting
10.2.6.1.3 Germany Medium Voltage Transformer Market by Application
10.2.6.2 France Medium Voltage Transformer Market
10.2.6.2.1 France Medium Voltage Transformer Market by Type
10.2.6.2.2 France Medium Voltage Transformer Market by Mounting
10.2.6.2.3 France Medium Voltage Transformer Market by Application
10.2.6.3 Italy Medium Voltage Transformer Market
10.2.6.3.1 Italy Medium Voltage Transformer Market by Type
10.2.6.3.2 Italy Medium Voltage Transformer Market by Mounting
10.2.6.3.3 Italy Medium Voltage Transformer Market by Application
10.2.6.4 United Kingdom Medium Voltage Transformer Market
10.2.6.4.1 United Kingdom Medium Voltage Transformer Market by Type
10.2.6.4.2 United Kingdom Medium Voltage Transformer Market by Mounting
10.2.6.4.3 United Kingdom Medium Voltage Transformer Market by Application
10.2.6.5 Russia Medium Voltage Transformer Market
10.2.6.5.1 Russia Medium Voltage Transformer Market by Type
10.2.6.5.2 Russia Medium Voltage Transformer Market by Mounting
10.2.6.5.3 Russia Medium Voltage Transformer Market by Application
10.2.6.6 Rest of Europe Medium Voltage Transformer Market
10.2.6.6.1 Rest of Europe Medium Voltage Transformer Market by Type
10.2.6.6.2 Rest of Europe Medium Voltage Transformer Market by Mounting
10.2.6.6.3 Rest of Europe Medium Voltage Transformer Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medium Voltage Transformer Market Overview
10.3.2 Asia-Pacific Medium Voltage Transformer Market Forecasts and Analysis
10.3.3 Asia-Pacific Medium Voltage Transformer Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Medium Voltage Transformer Market Forecasts and Analysis - By Mounting
10.3.5 Asia-Pacific Medium Voltage Transformer Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Medium Voltage Transformer Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medium Voltage Transformer Market
10.3.6.1.1 Australia Medium Voltage Transformer Market by Type
10.3.6.1.2 Australia Medium Voltage Transformer Market by Mounting
10.3.6.1.3 Australia Medium Voltage Transformer Market by Application
10.3.6.2 China Medium Voltage Transformer Market
10.3.6.2.1 China Medium Voltage Transformer Market by Type
10.3.6.2.2 China Medium Voltage Transformer Market by Mounting
10.3.6.2.3 China Medium Voltage Transformer Market by Application
10.3.6.3 India Medium Voltage Transformer Market
10.3.6.3.1 India Medium Voltage Transformer Market by Type
10.3.6.3.2 India Medium Voltage Transformer Market by Mounting
10.3.6.3.3 India Medium Voltage Transformer Market by Application
10.3.6.4 Japan Medium Voltage Transformer Market
10.3.6.4.1 Japan Medium Voltage Transformer Market by Type
10.3.6.4.2 Japan Medium Voltage Transformer Market by Mounting
10.3.6.4.3 Japan Medium Voltage Transformer Market by Application
10.3.6.5 South Korea Medium Voltage Transformer Market
10.3.6.5.1 South Korea Medium Voltage Transformer Market by Type
10.3.6.5.2 South Korea Medium Voltage Transformer Market by Mounting
10.3.6.5.3 South Korea Medium Voltage Transformer Market by Application
10.3.6.6 Rest of Asia-Pacific Medium Voltage Transformer Market
10.3.6.6.1 Rest of Asia-Pacific Medium Voltage Transformer Market by Type
10.3.6.6.2 Rest of Asia-Pacific Medium Voltage Transformer Market by Mounting
10.3.6.6.3 Rest of Asia-Pacific Medium Voltage Transformer Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medium Voltage Transformer Market Overview
10.4.2 Middle East and Africa Medium Voltage Transformer Market Forecasts and Analysis
10.4.3 Middle East and Africa Medium Voltage Transformer Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Medium Voltage Transformer Market Forecasts and Analysis - By Mounting
10.4.5 Middle East and Africa Medium Voltage Transformer Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Medium Voltage Transformer Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medium Voltage Transformer Market
10.4.6.1.1 South Africa Medium Voltage Transformer Market by Type
10.4.6.1.2 South Africa Medium Voltage Transformer Market by Mounting
10.4.6.1.3 South Africa Medium Voltage Transformer Market by Application
10.4.6.2 Saudi Arabia Medium Voltage Transformer Market
10.4.6.2.1 Saudi Arabia Medium Voltage Transformer Market by Type
10.4.6.2.2 Saudi Arabia Medium Voltage Transformer Market by Mounting
10.4.6.2.3 Saudi Arabia Medium Voltage Transformer Market by Application
10.4.6.3 U.A.E Medium Voltage Transformer Market
10.4.6.3.1 U.A.E Medium Voltage Transformer Market by Type
10.4.6.3.2 U.A.E Medium Voltage Transformer Market by Mounting
10.4.6.3.3 U.A.E Medium Voltage Transformer Market by Application
10.4.6.4 Rest of Middle East and Africa Medium Voltage Transformer Market
10.4.6.4.1 Rest of Middle East and Africa Medium Voltage Transformer Market by Type
10.4.6.4.2 Rest of Middle East and Africa Medium Voltage Transformer Market by Mounting
10.4.6.4.3 Rest of Middle East and Africa Medium Voltage Transformer Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medium Voltage Transformer Market Overview
10.5.2 South and Central America Medium Voltage Transformer Market Forecasts and Analysis
10.5.3 South and Central America Medium Voltage Transformer Market Forecasts and Analysis - By Type
10.5.4 South and Central America Medium Voltage Transformer Market Forecasts and Analysis - By Mounting
10.5.5 South and Central America Medium Voltage Transformer Market Forecasts and Analysis - By Application
10.5.6 South and Central America Medium Voltage Transformer Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medium Voltage Transformer Market
10.5.6.1.1 Brazil Medium Voltage Transformer Market by Type
10.5.6.1.2 Brazil Medium Voltage Transformer Market by Mounting
10.5.6.1.3 Brazil Medium Voltage Transformer Market by Application
10.5.6.2 Argentina Medium Voltage Transformer Market
10.5.6.2.1 Argentina Medium Voltage Transformer Market by Type
10.5.6.2.2 Argentina Medium Voltage Transformer Market by Mounting
10.5.6.2.3 Argentina Medium Voltage Transformer Market by Application
10.5.6.3 Rest of South and Central America Medium Voltage Transformer Market
10.5.6.3.1 Rest of South and Central America Medium Voltage Transformer Market by Type
10.5.6.3.2 Rest of South and Central America Medium Voltage Transformer Market by Mounting
10.5.6.3.3 Rest of South and Central America Medium Voltage Transformer Market by Application
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. MEDIUM VOLTAGE TRANSFORMER MARKET, KEY COMPANY PROFILES
12.1. ABB
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. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
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. EATON
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. FORTUNE ELECTRIC CO., LTD.
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. FUJI ELECTRIC CO., LTD.
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. GENERAL ELECTRIC
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. HITACHI, LTD.
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. MGM TRANSFORMER COMPANY
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. MITSUBISHI ELECTRIC CORPORATION
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. SCHAFFNER HOLDING AG
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.ABB
2.CG Power and Industrial Solutions Limited
3.Eaton
4.Fortune Electric Co., Ltd.
5.Fuji Electric Co., Ltd.
6.General Electric
7.Hitachi, Ltd.
8.MGM Transformer Company
9.Mitsubishi Electric Corporation
10.SCHAFFNER HOLDING AG
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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