Smart Water Management Market Developments by 2031
Water management that uses modern technologies to revolutionize traditional water distribution is known as smart water management. Many manufacturing and chemical businesses are employing smart water management to cut down on water waste and make better use of their energy. Growing technological improvements in water and waste water treatment, such as enhanced metering technology and Supervisory Control and Data Acquisition (SCADA), as well as rising water scarcity and demand for water conservation, are likely to propel the smart water management market.
MARKET SCOPE
The "Global smart water management Market Analysis to 2031" is a specialized and in-depth study of the smart water management Market with a special focus on the global market trend analysis. The report aims to provide an overview of smart water management market with detailed market segmentation by mater type, meter read technology, solutions, services. The global smart water management market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart water management market player and offers key trends and opportunities in the smart water management market.
MARKET SEGMENTATION
- Based on meter type the market is bifurcated as, AMR water meters, AMI water meters.
- Based on meter read technology the market is segmented as, fixed network, cellular network.
- Based on solutions the market is segmented as, smart irrigation management systems, enterprise asset management (EAM) for water and wastewater utilities, SCADA systems for water and wastewater utilities, meter data management (MDM), and others.
- Further, based on services the market is segmented as, professional and managed.
MARKET DYNAMICS
Drivers- Increasing demand for quality water services across the globe.
- High need and demand to replace aging water infrastructure is likely to propel market growth.
- Government regulations and rising digitalization in the utilities sector are encouraging the development of smart water management technologies.
Restraints- The smart water management market is restrained by dearth of skilled workforce along with high initial investment with the process.
- 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 overview and forecast of the global smart water management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart water management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart water management Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the smart water management market in these regions.
IMPACT OF COVID-19 ON SMART WATER MANAGEMENT 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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MARKET PLAYERS- 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 overview and forecast of the global smart water management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart water management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart water management Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the smart water management market in these regions.
IMPACT OF COVID-19 ON SMART WATER MANAGEMENT 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 reports cover key developments in the smart water management market 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 way for expansion of business and customer base of market players. The market players from smart water management market are anticipated to lucrative growth opportunities in the future with the rising demand for smart water management market. Below mentioned is the list of few companies engaged in the smart water management market.
The report also includes the profiles of key smart water management market 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 last 3 years, key development in past five years.- ABB Ltd
- Arad Group
- Evoqua Water Technologies LLC
- GE DIGITAL
- Honeywell International Inc
- IBM Corporation
- Itron, Inc
- Schneider Electric
- Sensus
- Siemens
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 Water Management Market - By Meter Type
1.3.2 Smart Water Management Market - By Meter Read Technology
1.3.3 Smart Water Management Market - By Solutions
1.3.4 Smart Water Management Market - By Services
1.3.5 Smart Water Management Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART WATER MANAGEMENT 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 WATER MANAGEMENT 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 WATER MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART WATER MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. SMART WATER MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART WATER MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - METER TYPE
7.1. OVERVIEW
7.2. METER TYPE MARKET FORECASTS AND ANALYSIS
7.3. AMR WATER METERS
7.3.1. Overview
7.3.2. AMR Water Meters Market Forecast and Analysis
7.4. AMI WATER METERS
7.4.1. Overview
7.4.2. AMI Water Meters Market Forecast and Analysis
8. SMART WATER MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - METER READ TECHNOLOGY
8.1. OVERVIEW
8.2. METER READ TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. FIXED NETWORK
8.3.1. Overview
8.3.2. Fixed Network Market Forecast and Analysis
8.4. CELLULAR NETWORK
8.4.1. Overview
8.4.2. Cellular Network Market Forecast and Analysis
9. SMART WATER MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTIONS
9.1. OVERVIEW
9.2. SOLUTIONS MARKET FORECASTS AND ANALYSIS
9.3. SMART IRRIGATION MANAGEMENT SYSTEMS
9.3.1. Overview
9.3.2. Smart Irrigation Management Systems Market Forecast and Analysis
9.4. ENTERPRISE ASSET MANAGEMENT (EAM)
9.4.1. Overview
9.4.2. Enterprise Asset Management (EAM) Market Forecast and Analysis
9.5. SCADA SYSTEMS FOR WATER AND WASTEWATER UTILITIES
9.5.1. Overview
9.5.2. SCADA Systems for Water and Wastewater Utilities Market Forecast and Analysis
9.6. METER DATA MANAGEMENT (MDM)
9.6.1. Overview
9.6.2. Meter Data Management (MDM) Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. SMART WATER MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
10.1. OVERVIEW
10.2. SERVICES MARKET FORECASTS AND ANALYSIS
10.3. PROFESSIONAL
10.3.1. Overview
10.3.2. Professional Market Forecast and Analysis
10.4. MANAGED
10.4.1. Overview
10.4.2. Managed Market Forecast and Analysis
11. SMART WATER MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Smart Water Management Market Overview
11.1.2 North America Smart Water Management Market Forecasts and Analysis
11.1.3 North America Smart Water Management Market Forecasts and Analysis - By Meter Type
11.1.4 North America Smart Water Management Market Forecasts and Analysis - By Meter Read Technology
11.1.5 North America Smart Water Management Market Forecasts and Analysis - By Solutions
11.1.6 North America Smart Water Management Market Forecasts and Analysis - By Services
11.1.7 North America Smart Water Management Market Forecasts and Analysis - By Countries
11.1.7.1 United States Smart Water Management Market
11.1.7.1.1 United States Smart Water Management Market by Meter Type
11.1.7.1.2 United States Smart Water Management Market by Meter Read Technology
11.1.7.1.3 United States Smart Water Management Market by Solutions
11.1.7.1.4 United States Smart Water Management Market by Services
11.1.7.2 Canada Smart Water Management Market
11.1.7.2.1 Canada Smart Water Management Market by Meter Type
11.1.7.2.2 Canada Smart Water Management Market by Meter Read Technology
11.1.7.2.3 Canada Smart Water Management Market by Solutions
11.1.7.2.4 Canada Smart Water Management Market by Services
11.1.7.3 Mexico Smart Water Management Market
11.1.7.3.1 Mexico Smart Water Management Market by Meter Type
11.1.7.3.2 Mexico Smart Water Management Market by Meter Read Technology
11.1.7.3.3 Mexico Smart Water Management Market by Solutions
11.1.7.3.4 Mexico Smart Water Management Market by Services
11.2. EUROPE
11.2.1 Europe Smart Water Management Market Overview
11.2.2 Europe Smart Water Management Market Forecasts and Analysis
11.2.3 Europe Smart Water Management Market Forecasts and Analysis - By Meter Type
11.2.4 Europe Smart Water Management Market Forecasts and Analysis - By Meter Read Technology
11.2.5 Europe Smart Water Management Market Forecasts and Analysis - By Solutions
11.2.6 Europe Smart Water Management Market Forecasts and Analysis - By Services
11.2.7 Europe Smart Water Management Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Smart Water Management Market
11.2.7.1.1 Germany Smart Water Management Market by Meter Type
11.2.7.1.2 Germany Smart Water Management Market by Meter Read Technology
11.2.7.1.3 Germany Smart Water Management Market by Solutions
11.2.7.1.4 Germany Smart Water Management Market by Services
11.2.7.2 France Smart Water Management Market
11.2.7.2.1 France Smart Water Management Market by Meter Type
11.2.7.2.2 France Smart Water Management Market by Meter Read Technology
11.2.7.2.3 France Smart Water Management Market by Solutions
11.2.7.2.4 France Smart Water Management Market by Services
11.2.7.3 Italy Smart Water Management Market
11.2.7.3.1 Italy Smart Water Management Market by Meter Type
11.2.7.3.2 Italy Smart Water Management Market by Meter Read Technology
11.2.7.3.3 Italy Smart Water Management Market by Solutions
11.2.7.3.4 Italy Smart Water Management Market by Services
11.2.7.4 United Kingdom Smart Water Management Market
11.2.7.4.1 United Kingdom Smart Water Management Market by Meter Type
11.2.7.4.2 United Kingdom Smart Water Management Market by Meter Read Technology
11.2.7.4.3 United Kingdom Smart Water Management Market by Solutions
11.2.7.4.4 United Kingdom Smart Water Management Market by Services
11.2.7.5 Russia Smart Water Management Market
11.2.7.5.1 Russia Smart Water Management Market by Meter Type
11.2.7.5.2 Russia Smart Water Management Market by Meter Read Technology
11.2.7.5.3 Russia Smart Water Management Market by Solutions
11.2.7.5.4 Russia Smart Water Management Market by Services
11.2.7.6 Rest of Europe Smart Water Management Market
11.2.7.6.1 Rest of Europe Smart Water Management Market by Meter Type
11.2.7.6.2 Rest of Europe Smart Water Management Market by Meter Read Technology
11.2.7.6.3 Rest of Europe Smart Water Management Market by Solutions
11.2.7.6.4 Rest of Europe Smart Water Management Market by Services
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Smart Water Management Market Overview
11.3.2 Asia-Pacific Smart Water Management Market Forecasts and Analysis
11.3.3 Asia-Pacific Smart Water Management Market Forecasts and Analysis - By Meter Type
11.3.4 Asia-Pacific Smart Water Management Market Forecasts and Analysis - By Meter Read Technology
11.3.5 Asia-Pacific Smart Water Management Market Forecasts and Analysis - By Solutions
11.3.6 Asia-Pacific Smart Water Management Market Forecasts and Analysis - By Services
11.3.7 Asia-Pacific Smart Water Management Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Smart Water Management Market
11.3.7.1.1 Australia Smart Water Management Market by Meter Type
11.3.7.1.2 Australia Smart Water Management Market by Meter Read Technology
11.3.7.1.3 Australia Smart Water Management Market by Solutions
11.3.7.1.4 Australia Smart Water Management Market by Services
11.3.7.2 China Smart Water Management Market
11.3.7.2.1 China Smart Water Management Market by Meter Type
11.3.7.2.2 China Smart Water Management Market by Meter Read Technology
11.3.7.2.3 China Smart Water Management Market by Solutions
11.3.7.2.4 China Smart Water Management Market by Services
11.3.7.3 India Smart Water Management Market
11.3.7.3.1 India Smart Water Management Market by Meter Type
11.3.7.3.2 India Smart Water Management Market by Meter Read Technology
11.3.7.3.3 India Smart Water Management Market by Solutions
11.3.7.3.4 India Smart Water Management Market by Services
11.3.7.4 Japan Smart Water Management Market
11.3.7.4.1 Japan Smart Water Management Market by Meter Type
11.3.7.4.2 Japan Smart Water Management Market by Meter Read Technology
11.3.7.4.3 Japan Smart Water Management Market by Solutions
11.3.7.4.4 Japan Smart Water Management Market by Services
11.3.7.5 South Korea Smart Water Management Market
11.3.7.5.1 South Korea Smart Water Management Market by Meter Type
11.3.7.5.2 South Korea Smart Water Management Market by Meter Read Technology
11.3.7.5.3 South Korea Smart Water Management Market by Solutions
11.3.7.5.4 South Korea Smart Water Management Market by Services
11.3.7.6 Rest of Asia-Pacific Smart Water Management Market
11.3.7.6.1 Rest of Asia-Pacific Smart Water Management Market by Meter Type
11.3.7.6.2 Rest of Asia-Pacific Smart Water Management Market by Meter Read Technology
11.3.7.6.3 Rest of Asia-Pacific Smart Water Management Market by Solutions
11.3.7.6.4 Rest of Asia-Pacific Smart Water Management Market by Services
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Smart Water Management Market Overview
11.4.2 Middle East and Africa Smart Water Management Market Forecasts and Analysis
11.4.3 Middle East and Africa Smart Water Management Market Forecasts and Analysis - By Meter Type
11.4.4 Middle East and Africa Smart Water Management Market Forecasts and Analysis - By Meter Read Technology
11.4.5 Middle East and Africa Smart Water Management Market Forecasts and Analysis - By Solutions
11.4.6 Middle East and Africa Smart Water Management Market Forecasts and Analysis - By Services
11.4.7 Middle East and Africa Smart Water Management Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Smart Water Management Market
11.4.7.1.1 South Africa Smart Water Management Market by Meter Type
11.4.7.1.2 South Africa Smart Water Management Market by Meter Read Technology
11.4.7.1.3 South Africa Smart Water Management Market by Solutions
11.4.7.1.4 South Africa Smart Water Management Market by Services
11.4.7.2 Saudi Arabia Smart Water Management Market
11.4.7.2.1 Saudi Arabia Smart Water Management Market by Meter Type
11.4.7.2.2 Saudi Arabia Smart Water Management Market by Meter Read Technology
11.4.7.2.3 Saudi Arabia Smart Water Management Market by Solutions
11.4.7.2.4 Saudi Arabia Smart Water Management Market by Services
11.4.7.3 U.A.E Smart Water Management Market
11.4.7.3.1 U.A.E Smart Water Management Market by Meter Type
11.4.7.3.2 U.A.E Smart Water Management Market by Meter Read Technology
11.4.7.3.3 U.A.E Smart Water Management Market by Solutions
11.4.7.3.4 U.A.E Smart Water Management Market by Services
11.4.7.4 Rest of Middle East and Africa Smart Water Management Market
11.4.7.4.1 Rest of Middle East and Africa Smart Water Management Market by Meter Type
11.4.7.4.2 Rest of Middle East and Africa Smart Water Management Market by Meter Read Technology
11.4.7.4.3 Rest of Middle East and Africa Smart Water Management Market by Solutions
11.4.7.4.4 Rest of Middle East and Africa Smart Water Management Market by Services
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Smart Water Management Market Overview
11.5.2 South and Central America Smart Water Management Market Forecasts and Analysis
11.5.3 South and Central America Smart Water Management Market Forecasts and Analysis - By Meter Type
11.5.4 South and Central America Smart Water Management Market Forecasts and Analysis - By Meter Read Technology
11.5.5 South and Central America Smart Water Management Market Forecasts and Analysis - By Solutions
11.5.6 South and Central America Smart Water Management Market Forecasts and Analysis - By Services
11.5.7 South and Central America Smart Water Management Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Smart Water Management Market
11.5.7.1.1 Brazil Smart Water Management Market by Meter Type
11.5.7.1.2 Brazil Smart Water Management Market by Meter Read Technology
11.5.7.1.3 Brazil Smart Water Management Market by Solutions
11.5.7.1.4 Brazil Smart Water Management Market by Services
11.5.7.2 Argentina Smart Water Management Market
11.5.7.2.1 Argentina Smart Water Management Market by Meter Type
11.5.7.2.2 Argentina Smart Water Management Market by Meter Read Technology
11.5.7.2.3 Argentina Smart Water Management Market by Solutions
11.5.7.2.4 Argentina Smart Water Management Market by Services
11.5.7.3 Rest of South and Central America Smart Water Management Market
11.5.7.3.1 Rest of South and Central America Smart Water Management Market by Meter Type
11.5.7.3.2 Rest of South and Central America Smart Water Management Market by Meter Read Technology
11.5.7.3.3 Rest of South and Central America Smart Water Management Market by Solutions
11.5.7.3.4 Rest of South and Central America Smart Water Management Market by Services
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 WATER MANAGEMENT MARKET, KEY COMPANY PROFILES
13.1. ABB LTD.
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. ARAD GROUP
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. EVOQUA WATER TECHNOLOGIES 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. GE DIGITAL
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. HONEYWELL INTERNATIONAL INC
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. IBM CORPORATION
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. ITRON, 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. SCHNEIDER ELECTRIC
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. SENSUS
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. SIEMENS
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. ABB Ltd.
2. Arad Group
3. Evoqua Water Technologies LLC
4. GE DIGITAL
5. Honeywell International Inc
6. IBM Corporation
7. Itron, Inc
8. Schneider Electric
9. Sensus
10. Siemens
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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