Porcelain Insulators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
An insulator is a product/material which does not allow the free flow of electricity. White clay (kaolin) is used to make porcelain insulators, which are fired at as high as 2,600°F. Porcelain Insulators are highly durable, non- corrosive and are suitable in extreme harsh conditions. In porcelain insulators the conductive path is created very slowly compared to the surface of a composite material insulator.
MARKET SCOPE
The "Global Composite Insulators Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Composite Insulators Market with detailed market segmentation into by voltage, by end use, by application and by geography .The Composite Insulators Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Composite Insulators Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Composite Insulators Market has been segmented into by voltage, by end use and by application. By voltage the market has been bifurcated into high voltage, medium voltage and low voltage. By end use the market has been bifurcated into residential, commercial, industrial and utilities. By application the market has been bifurcated into cables and transmission lines, switchgears, transformers, busbars and others.
MARKET DYNAMICS
Growth Factors
Restraints
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 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Composite Insulators 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 Composite Insulators 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 Porcelain Insulator Market in these regions.
Impact of Covid 19 on Porcelain Insulators Market
The Covid-19 pandemic has significantly affected the Porcelain Insulators Market. Due to the widespread of the virus lockdowns were imposed my many governments which restricted the movement of humans. The market was affected due to delays in infrastructure projects as well as due to shortage in the availability of raw materials. There was decline in the need of electricity due to lockdowns in the industrial and commercial sectors as well. Since there has been a decline in the number of cases the Porcelain Insulators Market is expected to see a rise in the coming years.
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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 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Composite Insulators 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 Composite Insulators 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 Porcelain Insulator Market in these regions.
Impact of Covid 19 on Porcelain Insulators Market
The Covid-19 pandemic has significantly affected the Porcelain Insulators Market. Due to the widespread of the virus lockdowns were imposed my many governments which restricted the movement of humans. The market was affected due to delays in infrastructure projects as well as due to shortage in the availability of raw materials. There was decline in the need of electricity due to lockdowns in the industrial and commercial sectors as well. Since there has been a decline in the number of cases the Porcelain Insulators Market is expected to see a rise in the coming years.
MARKET PLAYERS
The report covers vital developments in the Composite Insulators 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 Composite Insulators Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Composite Insulators Market. Below mentioned is the list of a few companies engaged in the Composite Insulators Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Composite Insulators 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.
- Siemens
- ABB
- Toshiba
- Bharat Heavy Electricals Limited
- LAPP Insulators
- General Electric
- Olectra Greentech
- Seves Group
- Incap Limited
- Nanjing Electric
- 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
1.3.1Porcelain Insulators Market - By Product Type
1.3.2Porcelain Insulators Market - By Application
1.3.3Porcelain Insulators Market - By Insulator Shape
1.3.4Porcelain Insulators Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PORCELAIN INSULATORS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.PORCELAIN INSULATORS 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.PORCELAIN INSULATORS MARKET - GLOBAL MARKET ANALYSIS
6.1.PORCELAIN INSULATORS - GLOBAL MARKET OVERVIEW
6.2.PORCELAIN INSULATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.PORCELAIN INSULATORS MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.BREAKDOWN TYPE
7.3.1.Overview
7.3.2.Breakdown Type Market Forecast and Analysis
7.4.NON-BREAKDOWN TYPE
7.4.1.Overview
7.4.2.Non-Breakdown Type Market Forecast and Analysis
8.PORCELAIN INSULATORS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.LOW VOLTAGE LINE
8.3.1.Overview
8.3.2.Low Voltage Line Market Forecast and Analysis
8.4.HIGH VOLTAGE LINE
8.4.1.Overview
8.4.2.High Voltage Line Market Forecast and Analysis
8.5.POWER PLANTS
8.5.1.Overview
8.5.2.Power Plants Market Forecast and Analysis
8.6.SUBSTATION
8.6.1.Overview
8.6.2.Substation Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.PORCELAIN INSULATORS MARKET - REVENUE AND FORECASTS TO 2028 " INSULATOR SHAPE
9.1.OVERVIEW
9.2.INSULATOR SHAPE MARKET FORECASTS AND ANALYSIS
9.3.PIN INSULATORS
9.3.1.Overview
9.3.2.Pin Insulators Market Forecast and Analysis
9.4.ROUND INSULATORS
9.4.1.Overview
9.4.2.Round Insulators Market Forecast and Analysis
9.5.DISC INSULATORS
9.5.1.Overview
9.5.2.Disc Insulators Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.PORCELAIN INSULATORS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Porcelain Insulators Market Overview
10.1.2North America Porcelain Insulators Market Forecasts and Analysis
10.1.3North America Porcelain Insulators Market Forecasts and Analysis - By Product Type
10.1.4North America Porcelain Insulators Market Forecasts and Analysis - By Application
10.1.5North America Porcelain Insulators Market Forecasts and Analysis - By Insulator Shape
10.1.6North America Porcelain Insulators Market Forecasts and Analysis - By Countries
10.1.6.1United States Porcelain Insulators Market
10.1.6.1.1United States Porcelain Insulators Market by Product Type
10.1.6.1.2United States Porcelain Insulators Market by Application
10.1.6.1.3United States Porcelain Insulators Market by Insulator Shape
10.1.6.2Canada Porcelain Insulators Market
10.1.6.2.1Canada Porcelain Insulators Market by Product Type
10.1.6.2.2Canada Porcelain Insulators Market by Application
10.1.6.2.3Canada Porcelain Insulators Market by Insulator Shape
10.1.6.3Mexico Porcelain Insulators Market
10.1.6.3.1Mexico Porcelain Insulators Market by Product Type
10.1.6.3.2Mexico Porcelain Insulators Market by Application
10.1.6.3.3Mexico Porcelain Insulators Market by Insulator Shape
10.2.EUROPE
10.2.1Europe Porcelain Insulators Market Overview
10.2.2Europe Porcelain Insulators Market Forecasts and Analysis
10.2.3Europe Porcelain Insulators Market Forecasts and Analysis - By Product Type
10.2.4Europe Porcelain Insulators Market Forecasts and Analysis - By Application
10.2.5Europe Porcelain Insulators Market Forecasts and Analysis - By Insulator Shape
10.2.6Europe Porcelain Insulators Market Forecasts and Analysis - By Countries
10.2.6.1Germany Porcelain Insulators Market
10.2.6.1.1Germany Porcelain Insulators Market by Product Type
10.2.6.1.2Germany Porcelain Insulators Market by Application
10.2.6.1.3Germany Porcelain Insulators Market by Insulator Shape
10.2.6.2France Porcelain Insulators Market
10.2.6.2.1France Porcelain Insulators Market by Product Type
10.2.6.2.2France Porcelain Insulators Market by Application
10.2.6.2.3France Porcelain Insulators Market by Insulator Shape
10.2.6.3Italy Porcelain Insulators Market
10.2.6.3.1Italy Porcelain Insulators Market by Product Type
10.2.6.3.2Italy Porcelain Insulators Market by Application
10.2.6.3.3Italy Porcelain Insulators Market by Insulator Shape
10.2.6.4Spain Porcelain Insulators Market
10.2.6.4.1Spain Porcelain Insulators Market by Product Type
10.2.6.4.2Spain Porcelain Insulators Market by Application
10.2.6.4.3Spain Porcelain Insulators Market by Insulator Shape
10.2.6.5United Kingdom Porcelain Insulators Market
10.2.6.5.1United Kingdom Porcelain Insulators Market by Product Type
10.2.6.5.2United Kingdom Porcelain Insulators Market by Application
10.2.6.5.3United Kingdom Porcelain Insulators Market by Insulator Shape
10.2.6.6Russia Porcelain Insulators Market
10.2.6.6.1Russia Porcelain Insulators Market by Product Type
10.2.6.6.2Russia Porcelain Insulators Market by Application
10.2.6.6.3Russia Porcelain Insulators Market by Insulator Shape
10.2.6.7Rest of Europe Porcelain Insulators Market
10.2.6.7.1Rest of Europe Porcelain Insulators Market by Product Type
10.2.6.7.2Rest of Europe Porcelain Insulators Market by Application
10.2.6.7.3Rest of Europe Porcelain Insulators Market by Insulator Shape
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Porcelain Insulators Market Overview
10.3.2Asia-Pacific Porcelain Insulators Market Forecasts and Analysis
10.3.3Asia-Pacific Porcelain Insulators Market Forecasts and Analysis - By Product Type
10.3.4Asia-Pacific Porcelain Insulators Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Porcelain Insulators Market Forecasts and Analysis - By Insulator Shape
10.3.6Asia-Pacific Porcelain Insulators Market Forecasts and Analysis - By Countries
10.3.6.1Australia Porcelain Insulators Market
10.3.6.1.1Australia Porcelain Insulators Market by Product Type
10.3.6.1.2Australia Porcelain Insulators Market by Application
10.3.6.1.3Australia Porcelain Insulators Market by Insulator Shape
10.3.6.2China Porcelain Insulators Market
10.3.6.2.1China Porcelain Insulators Market by Product Type
10.3.6.2.2China Porcelain Insulators Market by Application
10.3.6.2.3China Porcelain Insulators Market by Insulator Shape
10.3.6.3India Porcelain Insulators Market
10.3.6.3.1India Porcelain Insulators Market by Product Type
10.3.6.3.2India Porcelain Insulators Market by Application
10.3.6.3.3India Porcelain Insulators Market by Insulator Shape
10.3.6.4Japan Porcelain Insulators Market
10.3.6.4.1Japan Porcelain Insulators Market by Product Type
10.3.6.4.2Japan Porcelain Insulators Market by Application
10.3.6.4.3Japan Porcelain Insulators Market by Insulator Shape
10.3.6.5South Korea Porcelain Insulators Market
10.3.6.5.1South Korea Porcelain Insulators Market by Product Type
10.3.6.5.2South Korea Porcelain Insulators Market by Application
10.3.6.5.3South Korea Porcelain Insulators Market by Insulator Shape
10.3.6.6Rest of Asia-Pacific Porcelain Insulators Market
10.3.6.6.1Rest of Asia-Pacific Porcelain Insulators Market by Product Type
10.3.6.6.2Rest of Asia-Pacific Porcelain Insulators Market by Application
10.3.6.6.3Rest of Asia-Pacific Porcelain Insulators Market by Insulator Shape
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Porcelain Insulators Market Overview
10.4.2Middle East and Africa Porcelain Insulators Market Forecasts and Analysis
10.4.3Middle East and Africa Porcelain Insulators Market Forecasts and Analysis - By Product Type
10.4.4Middle East and Africa Porcelain Insulators Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Porcelain Insulators Market Forecasts and Analysis - By Insulator Shape
10.4.6Middle East and Africa Porcelain Insulators Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Porcelain Insulators Market
10.4.6.1.1South Africa Porcelain Insulators Market by Product Type
10.4.6.1.2South Africa Porcelain Insulators Market by Application
10.4.6.1.3South Africa Porcelain Insulators Market by Insulator Shape
10.4.6.2Saudi Arabia Porcelain Insulators Market
10.4.6.2.1Saudi Arabia Porcelain Insulators Market by Product Type
10.4.6.2.2Saudi Arabia Porcelain Insulators Market by Application
10.4.6.2.3Saudi Arabia Porcelain Insulators Market by Insulator Shape
10.4.6.3U.A.E Porcelain Insulators Market
10.4.6.3.1U.A.E Porcelain Insulators Market by Product Type
10.4.6.3.2U.A.E Porcelain Insulators Market by Application
10.4.6.3.3U.A.E Porcelain Insulators Market by Insulator Shape
10.4.6.4Rest of Middle East and Africa Porcelain Insulators Market
10.4.6.4.1Rest of Middle East and Africa Porcelain Insulators Market by Product Type
10.4.6.4.2Rest of Middle East and Africa Porcelain Insulators Market by Application
10.4.6.4.3Rest of Middle East and Africa Porcelain Insulators Market by Insulator Shape
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Porcelain Insulators Market Overview
10.5.2South and Central America Porcelain Insulators Market Forecasts and Analysis
10.5.3South and Central America Porcelain Insulators Market Forecasts and Analysis - By Product Type
10.5.4South and Central America Porcelain Insulators Market Forecasts and Analysis - By Application
10.5.5South and Central America Porcelain Insulators Market Forecasts and Analysis - By Insulator Shape
10.5.6South and Central America Porcelain Insulators Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Porcelain Insulators Market
10.5.6.1.1Brazil Porcelain Insulators Market by Product Type
10.5.6.1.2Brazil Porcelain Insulators Market by Application
10.5.6.1.3Brazil Porcelain Insulators Market by Insulator Shape
10.5.6.2Argentina Porcelain Insulators Market
10.5.6.2.1Argentina Porcelain Insulators Market by Product Type
10.5.6.2.2Argentina Porcelain Insulators Market by Application
10.5.6.2.3Argentina Porcelain Insulators Market by Insulator Shape
10.5.6.3Rest of South and Central America Porcelain Insulators Market
10.5.6.3.1Rest of South and Central America Porcelain Insulators Market by Product Type
10.5.6.3.2Rest of South and Central America Porcelain Insulators Market by Application
10.5.6.3.3Rest of South and Central America Porcelain Insulators Market by Insulator Shape
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.PORCELAIN INSULATORS MARKET, KEY COMPANY PROFILES
12.1.SIEMENS AG
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.ABB
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.SHENMA POWER
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.MEISTER INTERNATIONAL
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.DALIAN INSULATOR
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.ADITYA BIRLA INSULATOR
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.NATIONAL SWITCHGEARS
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.AKRON PORCELAIN AND PLASTICS
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.PPC INSULATORS
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.ZPE ZAPEL
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.Siemens AG
2.ABB
3.Shenma Power
4.Meister International
5.Dalian Insulator
6.Aditya Birla Insulator
7.National Switchgears
8.Akron Porcelain and Plastics
9.PPC Insulators
10.ZPE ZAPEL
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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