Smart Greenhouse Market Scope and Size by 2031
The smart greenhouses offer self-regulating, micro-climate controlled environment for optimal plant growth. The different climatic conditions such as humidity, temperature, soil moisture, and others inside the greenhouse are monitored continuously. Smart greenhouses are equipped with sensors and actuators as key elements for this purpose. The advent of IoT and connected technologies and key developments by the companies further portray a favorable landscape for the smart greenhouse market in the coming years.
MARKET SCOPE
The "Global Smart Greenhouse 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 smart greenhouse market with detailed market segmentation by type, covering material type, component, and end users. The report provides key statistics on the market status of the leading smart greenhouse market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global smart greenhouse market is segmented into hydroponic and non-hydroponic.
- On the basis of covering material type, the market is segmented into polyethelene, polycarbonate, and others.
- Based on component, the market is segmented into HVAC system, LED grow lights, control systems and sensors.
- Based on end users the market is segmented into research and educational institutes, commercial growers, retail gardens, and others
MARKET DYNAMICS
Drivers
- The smart greenhouse market is anticipated to grow in the forecast period owing to driving factors such as changing consumer preferences leading to the emerging trend of indoor farming along with increased demand for food for the growing population.
- Also, favorable government regulations and incentives related to smart greenhouse lighting technology are further likely to propel the market growth.
Restraints
- High initial investment owing to deployment of expensive systems in smart greenhouses is restraining the growth of the 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 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart greenhouse 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 demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the smart greenhouse market in these regions.
IMPACT OF COVID-19 ON SMART GREENHOUSE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- 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 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), the Middle East and Africa (MEA), and South America. The smart greenhouse 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 demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the smart greenhouse market in these regions.
IMPACT OF COVID-19 ON SMART GREENHOUSE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the smart greenhouse 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from smart greenhouse market are anticipated to 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 smart greenhouse 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.
- Argus Control Systems Limited
- Certhon Build B.V.
- Greentech Agro LLC
- Heliospectra AB
- Greenhouse Megastore
- LOGIQS B.V.
- LumiGrow, Inc.
- Netafim Limited
- Nexus Corporation
- Rough Brothers, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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 Smart Greenhouse Market - By Type
1.3.2 Smart Greenhouse Market - By Covering Material Type
1.3.3 Smart Greenhouse Market - By Component
1.3.4 Smart Greenhouse Market - By End Users
1.3.5 Smart Greenhouse Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART GREENHOUSE 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART GREENHOUSE 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. SMART GREENHOUSE MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART GREENHOUSE - GLOBAL MARKET OVERVIEW
6.2. SMART GREENHOUSE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART GREENHOUSE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROPONIC
7.3.1. Overview
7.3.2. Hydroponic Market Forecast and Analysis
7.4. NON-HYDROPONIC
7.4.1. Overview
7.4.2. Non-hydroponic Market Forecast and Analysis
8. SMART GREENHOUSE MARKET - REVENUE AND FORECASTS TO 2028 - COVERING MATERIAL TYPE
8.1. OVERVIEW
8.2. COVERING MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. POLYETHYLENE
8.3.1. Overview
8.3.2. Polyethylene Market Forecast and Analysis
8.4. POLYCARBONATE
8.4.1. Overview
8.4.2. Polycarbonate Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SMART GREENHOUSE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
9.1. OVERVIEW
9.2. COMPONENT MARKET FORECASTS AND ANALYSIS
9.3. HVAC SYSTEM
9.3.1. Overview
9.3.2. HVAC System Market Forecast and Analysis
9.4. LED GROW LIGHTS
9.4.1. Overview
9.4.2. LED Grow Lights Market Forecast and Analysis
9.5. CONTROL SYSTEMS AND SENSORS
9.5.1. Overview
9.5.2. Control Systems and Sensors Market Forecast and Analysis
10. SMART GREENHOUSE MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
10.1. OVERVIEW
10.2. END USERS MARKET FORECASTS AND ANALYSIS
10.3. RESEARCH AND EDUCATIONAL INSTITUTES
10.3.1. Overview
10.3.2. Research and Educational Institutes Market Forecast and Analysis
10.4. COMMERCIAL GROWERS
10.4.1. Overview
10.4.2. Commercial Growers Market Forecast and Analysis
10.5. RETAIL GARDENS
10.5.1. Overview
10.5.2. Retail Gardens Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. SMART GREENHOUSE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Smart Greenhouse Market Overview
11.1.2 North America Smart Greenhouse Market Forecasts and Analysis
11.1.3 North America Smart Greenhouse Market Forecasts and Analysis - By Type
11.1.4 North America Smart Greenhouse Market Forecasts and Analysis - By Covering Material Type
11.1.5 North America Smart Greenhouse Market Forecasts and Analysis - By Component
11.1.6 North America Smart Greenhouse Market Forecasts and Analysis - By End Users
11.1.7 North America Smart Greenhouse Market Forecasts and Analysis - By Countries
11.1.7.1 United States Smart Greenhouse Market
11.1.7.1.1 United States Smart Greenhouse Market by Type
11.1.7.1.2 United States Smart Greenhouse Market by Covering Material Type
11.1.7.1.3 United States Smart Greenhouse Market by Component
11.1.7.1.4 United States Smart Greenhouse Market by End Users
11.1.7.2 Canada Smart Greenhouse Market
11.1.7.2.1 Canada Smart Greenhouse Market by Type
11.1.7.2.2 Canada Smart Greenhouse Market by Covering Material Type
11.1.7.2.3 Canada Smart Greenhouse Market by Component
11.1.7.2.4 Canada Smart Greenhouse Market by End Users
11.1.7.3 Mexico Smart Greenhouse Market
11.1.7.3.1 Mexico Smart Greenhouse Market by Type
11.1.7.3.2 Mexico Smart Greenhouse Market by Covering Material Type
11.1.7.3.3 Mexico Smart Greenhouse Market by Component
11.1.7.3.4 Mexico Smart Greenhouse Market by End Users
11.2. EUROPE
11.2.1 Europe Smart Greenhouse Market Overview
11.2.2 Europe Smart Greenhouse Market Forecasts and Analysis
11.2.3 Europe Smart Greenhouse Market Forecasts and Analysis - By Type
11.2.4 Europe Smart Greenhouse Market Forecasts and Analysis - By Covering Material Type
11.2.5 Europe Smart Greenhouse Market Forecasts and Analysis - By Component
11.2.6 Europe Smart Greenhouse Market Forecasts and Analysis - By End Users
11.2.7 Europe Smart Greenhouse Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Smart Greenhouse Market
11.2.7.1.1 Germany Smart Greenhouse Market by Type
11.2.7.1.2 Germany Smart Greenhouse Market by Covering Material Type
11.2.7.1.3 Germany Smart Greenhouse Market by Component
11.2.7.1.4 Germany Smart Greenhouse Market by End Users
11.2.7.2 France Smart Greenhouse Market
11.2.7.2.1 France Smart Greenhouse Market by Type
11.2.7.2.2 France Smart Greenhouse Market by Covering Material Type
11.2.7.2.3 France Smart Greenhouse Market by Component
11.2.7.2.4 France Smart Greenhouse Market by End Users
11.2.7.3 Italy Smart Greenhouse Market
11.2.7.3.1 Italy Smart Greenhouse Market by Type
11.2.7.3.2 Italy Smart Greenhouse Market by Covering Material Type
11.2.7.3.3 Italy Smart Greenhouse Market by Component
11.2.7.3.4 Italy Smart Greenhouse Market by End Users
11.2.7.4 United Kingdom Smart Greenhouse Market
11.2.7.4.1 United Kingdom Smart Greenhouse Market by Type
11.2.7.4.2 United Kingdom Smart Greenhouse Market by Covering Material Type
11.2.7.4.3 United Kingdom Smart Greenhouse Market by Component
11.2.7.4.4 United Kingdom Smart Greenhouse Market by End Users
11.2.7.5 Russia Smart Greenhouse Market
11.2.7.5.1 Russia Smart Greenhouse Market by Type
11.2.7.5.2 Russia Smart Greenhouse Market by Covering Material Type
11.2.7.5.3 Russia Smart Greenhouse Market by Component
11.2.7.5.4 Russia Smart Greenhouse Market by End Users
11.2.7.6 Rest of Europe Smart Greenhouse Market
11.2.7.6.1 Rest of Europe Smart Greenhouse Market by Type
11.2.7.6.2 Rest of Europe Smart Greenhouse Market by Covering Material Type
11.2.7.6.3 Rest of Europe Smart Greenhouse Market by Component
11.2.7.6.4 Rest of Europe Smart Greenhouse Market by End Users
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Smart Greenhouse Market Overview
11.3.2 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis
11.3.3 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis - By Covering Material Type
11.3.5 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis - By Component
11.3.6 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis - By End Users
11.3.7 Asia-Pacific Smart Greenhouse Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Smart Greenhouse Market
11.3.7.1.1 Australia Smart Greenhouse Market by Type
11.3.7.1.2 Australia Smart Greenhouse Market by Covering Material Type
11.3.7.1.3 Australia Smart Greenhouse Market by Component
11.3.7.1.4 Australia Smart Greenhouse Market by End Users
11.3.7.2 China Smart Greenhouse Market
11.3.7.2.1 China Smart Greenhouse Market by Type
11.3.7.2.2 China Smart Greenhouse Market by Covering Material Type
11.3.7.2.3 China Smart Greenhouse Market by Component
11.3.7.2.4 China Smart Greenhouse Market by End Users
11.3.7.3 India Smart Greenhouse Market
11.3.7.3.1 India Smart Greenhouse Market by Type
11.3.7.3.2 India Smart Greenhouse Market by Covering Material Type
11.3.7.3.3 India Smart Greenhouse Market by Component
11.3.7.3.4 India Smart Greenhouse Market by End Users
11.3.7.4 Japan Smart Greenhouse Market
11.3.7.4.1 Japan Smart Greenhouse Market by Type
11.3.7.4.2 Japan Smart Greenhouse Market by Covering Material Type
11.3.7.4.3 Japan Smart Greenhouse Market by Component
11.3.7.4.4 Japan Smart Greenhouse Market by End Users
11.3.7.5 South Korea Smart Greenhouse Market
11.3.7.5.1 South Korea Smart Greenhouse Market by Type
11.3.7.5.2 South Korea Smart Greenhouse Market by Covering Material Type
11.3.7.5.3 South Korea Smart Greenhouse Market by Component
11.3.7.5.4 South Korea Smart Greenhouse Market by End Users
11.3.7.6 Rest of Asia-Pacific Smart Greenhouse Market
11.3.7.6.1 Rest of Asia-Pacific Smart Greenhouse Market by Type
11.3.7.6.2 Rest of Asia-Pacific Smart Greenhouse Market by Covering Material Type
11.3.7.6.3 Rest of Asia-Pacific Smart Greenhouse Market by Component
11.3.7.6.4 Rest of Asia-Pacific Smart Greenhouse Market by End Users
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Smart Greenhouse Market Overview
11.4.2 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis
11.4.3 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis - By Covering Material Type
11.4.5 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis - By Component
11.4.6 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis - By End Users
11.4.7 Middle East and Africa Smart Greenhouse Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Smart Greenhouse Market
11.4.7.1.1 South Africa Smart Greenhouse Market by Type
11.4.7.1.2 South Africa Smart Greenhouse Market by Covering Material Type
11.4.7.1.3 South Africa Smart Greenhouse Market by Component
11.4.7.1.4 South Africa Smart Greenhouse Market by End Users
11.4.7.2 Saudi Arabia Smart Greenhouse Market
11.4.7.2.1 Saudi Arabia Smart Greenhouse Market by Type
11.4.7.2.2 Saudi Arabia Smart Greenhouse Market by Covering Material Type
11.4.7.2.3 Saudi Arabia Smart Greenhouse Market by Component
11.4.7.2.4 Saudi Arabia Smart Greenhouse Market by End Users
11.4.7.3 U.A.E Smart Greenhouse Market
11.4.7.3.1 U.A.E Smart Greenhouse Market by Type
11.4.7.3.2 U.A.E Smart Greenhouse Market by Covering Material Type
11.4.7.3.3 U.A.E Smart Greenhouse Market by Component
11.4.7.3.4 U.A.E Smart Greenhouse Market by End Users
11.4.7.4 Rest of Middle East and Africa Smart Greenhouse Market
11.4.7.4.1 Rest of Middle East and Africa Smart Greenhouse Market by Type
11.4.7.4.2 Rest of Middle East and Africa Smart Greenhouse Market by Covering Material Type
11.4.7.4.3 Rest of Middle East and Africa Smart Greenhouse Market by Component
11.4.7.4.4 Rest of Middle East and Africa Smart Greenhouse Market by End Users
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Smart Greenhouse Market Overview
11.5.2 South and Central America Smart Greenhouse Market Forecasts and Analysis
11.5.3 South and Central America Smart Greenhouse Market Forecasts and Analysis - By Type
11.5.4 South and Central America Smart Greenhouse Market Forecasts and Analysis - By Covering Material Type
11.5.5 South and Central America Smart Greenhouse Market Forecasts and Analysis - By Component
11.5.6 South and Central America Smart Greenhouse Market Forecasts and Analysis - By End Users
11.5.7 South and Central America Smart Greenhouse Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Smart Greenhouse Market
11.5.7.1.1 Brazil Smart Greenhouse Market by Type
11.5.7.1.2 Brazil Smart Greenhouse Market by Covering Material Type
11.5.7.1.3 Brazil Smart Greenhouse Market by Component
11.5.7.1.4 Brazil Smart Greenhouse Market by End Users
11.5.7.2 Argentina Smart Greenhouse Market
11.5.7.2.1 Argentina Smart Greenhouse Market by Type
11.5.7.2.2 Argentina Smart Greenhouse Market by Covering Material Type
11.5.7.2.3 Argentina Smart Greenhouse Market by Component
11.5.7.2.4 Argentina Smart Greenhouse Market by End Users
11.5.7.3 Rest of South and Central America Smart Greenhouse Market
11.5.7.3.1 Rest of South and Central America Smart Greenhouse Market by Type
11.5.7.3.2 Rest of South and Central America Smart Greenhouse Market by Covering Material Type
11.5.7.3.3 Rest of South and Central America Smart Greenhouse Market by Component
11.5.7.3.4 Rest of South and Central America Smart Greenhouse Market by End Users
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SMART GREENHOUSE MARKET, KEY COMPANY PROFILES
13.1. ARGUS CONTROL SYSTEMS LIMITED
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CERTHON BUILD B.V.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GREENTECH AGRO LLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HELIOSPECTRA AB
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. GREENHOUSE MEGASTORE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LOGIQS B.V.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. LUMIGROW, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NETAFIM LIMITED
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. NEXUS CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ROUGH BROTHERS, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Argus Control Systems Limited
2. Certhon Build B.V.
3. Greentech Agro LLC
4. Heliospectra AB
5. Greenhouse Megastore
6. LOGIQS B.V.
7. LumiGrow, Inc.
8. Netafim Limited
9. Nexus Corporation
10. Rough Brothers, Inc.
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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