Wire and Cable Plastics Market Dynamics 2021-2031
The Wire and Cable Plastics Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents analysis based on material (polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP), ethylene propylene diene monomer (EPDM), cross-linked polyethylene (XLPE), thermoplastic elastomers (TPE), and others). The report is segmented by voltage (low, medium, high, and extra-high). The report is segmented by end-use industry (construction, automotive, electrical and electronics, aerospace and defense, telecommunications, oil and gas, energy and power, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Wire and Cable Plastics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Wire and Cable Plastics Market Segmentation
Material- Polyethylene
- Low
- Medium
- High
- Extra-high
- Construction
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Telecommunications
- Oil and Gas
- Energy and Power
- Others
Strategic Insights
Wire and Cable Plastics Market Growth Drivers- Rising Energy Demand: The increasing demand for electricity is a major driver for the wire and cable plastics market. As energy consumption rises across the globe, electricity transmission and distribution require improved performance and efficiency. Wire and cable plastics are designed for insulation, protection, and durability of power cables in the energy infrastructure.
- Infrastructural Development and Urbanization: Infrastructural development, on the other hand, adds to a significant share of the market. Rapid urbanization and industrialization across the continents mean there is a need for improvement in electrical networks. Construction projects on the rise, especially in emerging economies need high quality cables and wiring system for safe and reliable power distribution which further increases demand for wire and cable plastics.
- Growing Demand from Advanced Infrastructure Projects: The material is commercially lightweight, flexible, and resists heat, moisture and chemicals, which makes it very good for offering applications in power plants, renewable energy projects, smart cities, and the like. Therefore, in general, the mounting demand for advanced infrastructure translates into a requirement for improved wire and cable materials.
- Sustainability and Environmental Regulations: Emerging trends regarding sustainability as well as environmental laws, are factors to sponsor the future growth of the wire and cable plastics market. Green material usage will also grow with the increasing focus of industries and governments towards pro-sustainability practices, which is why the a demand among manufacturers for recyclable and biodegradable plastics. With this demand, manufacturers work towards innovating or funding development into recyclable- or biodegradable- plastics in cable production.
- Demand for Halogen-Free, Flame-Retardant Plastics in Response to Stricter Environmental Laws: The stricter environmental laws worldwide have stringent demands for the reduction of hazardous materials in cable resources. The preference is given to halogen-free flame-retardant plastics since they coincide with regulations on the curbing of toxic emissions in cases of fire. The development thus encourages innovations by the manufacturers towards producing safer, environmentally friendly wire and cable plastics.
- Eco-Conscious Wire and Cable Plastics Supporting Energy-Efficient Infrastructure and Renewable Energy Projects: Moreover, Increased demand for energy-saving solutions in turn, can motivate the boost in pace for such an evolving market. Sustainable wire and cable materials are made components for the energy-efficient electrical systems that are important in today's infrastructures and renewable energy projects. Employing such high-performance eco-conscious plastics will help in optimizing energy transmission as well as minimization of adverse environmental impact, thus supporting global sustainability goals.
- Rising Demand from Telecommunication Industry: Dramatically increasing demands from the telecommunication industry are also significantly increasing the opportunity for the wiring and cable plastics market. As the network expands, especially with the new 5G infrastructure and such advanced high-performance cables, the increasing demand is directly proportional to the need for improved insulations that are flexible and resistant to environmental factors. This ultimately influences the use of advanced wire-and-cable plastics in telecom applications.
- Increasing Demand from Cloud Computing and Data Centers: Cloud computing and data storage have led to explosive growth in data centers, and these, in turn, offer a huge opportunity for the wire and cable plastics market. Such centers required highly efficient cables with insulation, heat resistance, and flexibility. The increasing data traffic and energy throughput at data centers have led to an increase in demand for such developed and durable wire and cable plastics.
- Expansion of Renewable Energy Projects: The rise in installations of renewable energy systems such as solar, wind, and hydro is creating a larger market for high-performance cable and wire plastics. Such projects require durable, exhibiting heat resistance and eco-friendly materials for power transfer and distribution. Such plastics are theoretically the most efficient, longest-lasting, and safest materials for electrical infrastructure and have some significant growth potential with renewable energy.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wire and Cable Plastics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Wire and Cable Plastics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Wire and Cable Plastics Market is estimated to witness a CAGR of 4% from 2023 to 2031
The rising demand for electricity is driving the market growth.
Dow Chemical Company; ExxonMobil Chemical Company; LyondellBasell Industries NV; Evonik Industries; Solvay SA; Borealis AG; BASF SE; SABIC; LG Chem Ltd.; and Sumitomo Chemical Co. Ltd are some of the wire and cable plastics market
Based on material, the polyvinyl chloride (PVC) segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the wire and cable plastics market, due to the region is home to some of the largest and fastest-growing economies, such as China, India, and Japan, which have significant demands for energy and infrastructure development. This drives the need for wire and cable materials to support power distribution and industrial growth.
Sustainability and environmental regulations is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wire And Cable Plastics Market - By Material
1.3.2 Wire And Cable Plastics Market - By Type
1.3.3 Wire And Cable Plastics Market - By End Use
1.3.4 Wire And Cable Plastics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WIRE AND CABLE PLASTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WIRE AND CABLE PLASTICS 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. WIRE AND CABLE PLASTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. WIRE AND CABLE PLASTICS - GLOBAL MARKET OVERVIEW
6.2. WIRE AND CABLE PLASTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WIRE AND CABLE PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYETHYLENE (PE)
7.3.1. Overview
7.3.2. Polyethylene (PE) Market Forecast and Analysis
7.4. POLYVINYL CHLORIDE (PVC)
7.4.1. Overview
7.4.2. Polyvinyl Chloride (PVC) Market Forecast and Analysis
7.5. POLYPROPYLENE (PP)
7.5.1. Overview
7.5.2. Polypropylene (PP) Market Forecast and Analysis
8. WIRE AND CABLE PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. FLAME RETARDANT
8.3.1. Overview
8.3.2. Flame Retardant Market Forecast and Analysis
8.4. STANDARD
8.4.1. Overview
8.4.2. Standard Market Forecast and Analysis
9. WIRE AND CABLE PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. IT AND TELECOMMUNICATION
9.4.1. Overview
9.4.2. IT and Telecommunication Market Forecast and Analysis
9.5. AEROSPACE AND DEFENSE
9.5.1. Overview
9.5.2. Aerospace and Defense Market Forecast and Analysis
9.6. BUILDING AND CONSTRUCTION
9.6.1. Overview
9.6.2. Building and Construction Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. WIRE AND CABLE PLASTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Wire And Cable Plastics Market Overview
10.1.2 North America Wire And Cable Plastics Market Forecasts and Analysis
10.1.3 North America Wire And Cable Plastics Market Forecasts and Analysis - By Material
10.1.4 North America Wire And Cable Plastics Market Forecasts and Analysis - By Type
10.1.5 North America Wire And Cable Plastics Market Forecasts and Analysis - By End Use
10.1.6 North America Wire And Cable Plastics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Wire And Cable Plastics Market
10.1.6.1.1 United States Wire And Cable Plastics Market by Material
10.1.6.1.2 United States Wire And Cable Plastics Market by Type
10.1.6.1.3 United States Wire And Cable Plastics Market by End Use
10.1.6.2 Canada Wire And Cable Plastics Market
10.1.6.2.1 Canada Wire And Cable Plastics Market by Material
10.1.6.2.2 Canada Wire And Cable Plastics Market by Type
10.1.6.2.3 Canada Wire And Cable Plastics Market by End Use
10.1.6.3 Mexico Wire And Cable Plastics Market
10.1.6.3.1 Mexico Wire And Cable Plastics Market by Material
10.1.6.3.2 Mexico Wire And Cable Plastics Market by Type
10.1.6.3.3 Mexico Wire And Cable Plastics Market by End Use
10.2. EUROPE
10.2.1 Europe Wire And Cable Plastics Market Overview
10.2.2 Europe Wire And Cable Plastics Market Forecasts and Analysis
10.2.3 Europe Wire And Cable Plastics Market Forecasts and Analysis - By Material
10.2.4 Europe Wire And Cable Plastics Market Forecasts and Analysis - By Type
10.2.5 Europe Wire And Cable Plastics Market Forecasts and Analysis - By End Use
10.2.6 Europe Wire And Cable Plastics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Wire And Cable Plastics Market
10.2.6.1.1 Germany Wire And Cable Plastics Market by Material
10.2.6.1.2 Germany Wire And Cable Plastics Market by Type
10.2.6.1.3 Germany Wire And Cable Plastics Market by End Use
10.2.6.2 France Wire And Cable Plastics Market
10.2.6.2.1 France Wire And Cable Plastics Market by Material
10.2.6.2.2 France Wire And Cable Plastics Market by Type
10.2.6.2.3 France Wire And Cable Plastics Market by End Use
10.2.6.3 Italy Wire And Cable Plastics Market
10.2.6.3.1 Italy Wire And Cable Plastics Market by Material
10.2.6.3.2 Italy Wire And Cable Plastics Market by Type
10.2.6.3.3 Italy Wire And Cable Plastics Market by End Use
10.2.6.4 United Kingdom Wire And Cable Plastics Market
10.2.6.4.1 United Kingdom Wire And Cable Plastics Market by Material
10.2.6.4.2 United Kingdom Wire And Cable Plastics Market by Type
10.2.6.4.3 United Kingdom Wire And Cable Plastics Market by End Use
10.2.6.5 Russia Wire And Cable Plastics Market
10.2.6.5.1 Russia Wire And Cable Plastics Market by Material
10.2.6.5.2 Russia Wire And Cable Plastics Market by Type
10.2.6.5.3 Russia Wire And Cable Plastics Market by End Use
10.2.6.6 Rest of Europe Wire And Cable Plastics Market
10.2.6.6.1 Rest of Europe Wire And Cable Plastics Market by Material
10.2.6.6.2 Rest of Europe Wire And Cable Plastics Market by Type
10.2.6.6.3 Rest of Europe Wire And Cable Plastics Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Wire And Cable Plastics Market Overview
10.3.2 Asia-Pacific Wire And Cable Plastics Market Forecasts and Analysis
10.3.3 Asia-Pacific Wire And Cable Plastics Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Wire And Cable Plastics Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Wire And Cable Plastics Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Wire And Cable Plastics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Wire And Cable Plastics Market
10.3.6.1.1 Australia Wire And Cable Plastics Market by Material
10.3.6.1.2 Australia Wire And Cable Plastics Market by Type
10.3.6.1.3 Australia Wire And Cable Plastics Market by End Use
10.3.6.2 China Wire And Cable Plastics Market
10.3.6.2.1 China Wire And Cable Plastics Market by Material
10.3.6.2.2 China Wire And Cable Plastics Market by Type
10.3.6.2.3 China Wire And Cable Plastics Market by End Use
10.3.6.3 India Wire And Cable Plastics Market
10.3.6.3.1 India Wire And Cable Plastics Market by Material
10.3.6.3.2 India Wire And Cable Plastics Market by Type
10.3.6.3.3 India Wire And Cable Plastics Market by End Use
10.3.6.4 Japan Wire And Cable Plastics Market
10.3.6.4.1 Japan Wire And Cable Plastics Market by Material
10.3.6.4.2 Japan Wire And Cable Plastics Market by Type
10.3.6.4.3 Japan Wire And Cable Plastics Market by End Use
10.3.6.5 South Korea Wire And Cable Plastics Market
10.3.6.5.1 South Korea Wire And Cable Plastics Market by Material
10.3.6.5.2 South Korea Wire And Cable Plastics Market by Type
10.3.6.5.3 South Korea Wire And Cable Plastics Market by End Use
10.3.6.6 Rest of Asia-Pacific Wire And Cable Plastics Market
10.3.6.6.1 Rest of Asia-Pacific Wire And Cable Plastics Market by Material
10.3.6.6.2 Rest of Asia-Pacific Wire And Cable Plastics Market by Type
10.3.6.6.3 Rest of Asia-Pacific Wire And Cable Plastics Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Wire And Cable Plastics Market Overview
10.4.2 Middle East and Africa Wire And Cable Plastics Market Forecasts and Analysis
10.4.3 Middle East and Africa Wire And Cable Plastics Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Wire And Cable Plastics Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Wire And Cable Plastics Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Wire And Cable Plastics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Wire And Cable Plastics Market
10.4.6.1.1 South Africa Wire And Cable Plastics Market by Material
10.4.6.1.2 South Africa Wire And Cable Plastics Market by Type
10.4.6.1.3 South Africa Wire And Cable Plastics Market by End Use
10.4.6.2 Saudi Arabia Wire And Cable Plastics Market
10.4.6.2.1 Saudi Arabia Wire And Cable Plastics Market by Material
10.4.6.2.2 Saudi Arabia Wire And Cable Plastics Market by Type
10.4.6.2.3 Saudi Arabia Wire And Cable Plastics Market by End Use
10.4.6.3 U.A.E Wire And Cable Plastics Market
10.4.6.3.1 U.A.E Wire And Cable Plastics Market by Material
10.4.6.3.2 U.A.E Wire And Cable Plastics Market by Type
10.4.6.3.3 U.A.E Wire And Cable Plastics Market by End Use
10.4.6.4 Rest of Middle East and Africa Wire And Cable Plastics Market
10.4.6.4.1 Rest of Middle East and Africa Wire And Cable Plastics Market by Material
10.4.6.4.2 Rest of Middle East and Africa Wire And Cable Plastics Market by Type
10.4.6.4.3 Rest of Middle East and Africa Wire And Cable Plastics Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Wire And Cable Plastics Market Overview
10.5.2 South and Central America Wire And Cable Plastics Market Forecasts and Analysis
10.5.3 South and Central America Wire And Cable Plastics Market Forecasts and Analysis - By Material
10.5.4 South and Central America Wire And Cable Plastics Market Forecasts and Analysis - By Type
10.5.5 South and Central America Wire And Cable Plastics Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Wire And Cable Plastics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Wire And Cable Plastics Market
10.5.6.1.1 Brazil Wire And Cable Plastics Market by Material
10.5.6.1.2 Brazil Wire And Cable Plastics Market by Type
10.5.6.1.3 Brazil Wire And Cable Plastics Market by End Use
10.5.6.2 Argentina Wire And Cable Plastics Market
10.5.6.2.1 Argentina Wire And Cable Plastics Market by Material
10.5.6.2.2 Argentina Wire And Cable Plastics Market by Type
10.5.6.2.3 Argentina Wire And Cable Plastics Market by End Use
10.5.6.3 Rest of South and Central America Wire And Cable Plastics Market
10.5.6.3.1 Rest of South and Central America Wire And Cable Plastics Market by Material
10.5.6.3.2 Rest of South and Central America Wire And Cable Plastics Market by Type
10.5.6.3.3 Rest of South and Central America Wire And Cable Plastics Market by End Use
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. WIRE AND CABLE PLASTICS MARKET, KEY COMPANY PROFILES
12.1. ARKEMA GROUP
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. BASF SE
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. BLS POLYMERS LTD
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. BOREALIS AG
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. FORMOSA PLASTICS
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. LUCOBIT AG
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. POLYONE CORPORATION
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. SABIC
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. SOLVAY GROUP
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. SONGWON INDUSTRIAL GROUP
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. Arkema Group
2. BASF SE
3. BLS Polymers Ltd
4. Borealis AG
5. Formosa Plastics
6. Lucobit AG
7. PolyOne Corporation
8. SABIC
9. Solvay Group
10. SONGWON Industrial Group
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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