Asia Pacific Industrial Agitator Market to Reach US$ 1381.5 Mn at a CAGR of 10.7% in 2027 | The Insight Partners
The industrial agitator market in Asia Pacific region is expected to grow from US$ 555.5 Mn in 2018 to US$ 1381.5 Mn by the year 2027, with a CAGR of 10.7% from the year 2019 to 2027.
Driving factors such as the increasing industrialization, positive economic growth in manufacturing & process industries, and rising need for efficient agitation systems from industries are boosting the growth of the industrial agitator market. Further, the SMEs are anticipated to boost the future demand of portable/modular agitators, which in turn facilitate significant growth opportunities for the industrial agitator market. Small and medium enterprises play an integral part in the growth of any country’s economy worldwide. In these emerging economies such as China and India, formal SMEs contribute more than 40% to the GDP and almost 60% of total employment and if informal SMEs are included then this number could be much higher. With fast changing technology scenario and growing number of small and medium manufacturers, the demand for innovative/custom industrial agitators is anticipated to grow in the coming years. In addition, the increasing advancements in the industrial agitators and rising demand of efficient mixing in various industries such as general industry, chemicals, pharmaceuticals, mining, oil & gas, food and beverages, and cosmetics; the industrial agitators market is poised to see impressive growth in the near future.
On the basis of mixing type, the industrial agitator market is segmented into solid–solid mixture, solid–liquid mixture, liquid–liquid mixture and liquid–gas mixture. Mixing of ingredients in different form, or dispersion of one phase into another, is an operation extensively used by different industries. The entire operations is performed with an objective to make homogeneous yield using the minimum amount of energy and time. Industries faces several difficulties majorly due to the diversity of products in terms of size (granules or particles), shape (irregularly shaped particles), moisture and surface nature (cohesive or non-cohesive concentrates). All the industries have unique mixture type requirement and therefore choose specific agitator to perform the function. Liquid–liquid mixture segment led the industrial agitator market in 2018 and is anticipated to dominate the market in the forecast period.
China dominated the industrial agitator market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. In addition, India is expected to growth at a significant growth rate in the coming years. The figure given below highlights the revenue share of the rest of Asia Pacific in the industrial agitator market in the forecast period:
Rest of Asia Pacific Industrial agitator Market Revenue and Forecast to 2027 (US$ Mn)
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ASIA PACIFIC INDUSTRIAL AGITATOR MARKET SEGMENTATION
By Type
- Large Tank Agitator
- Portable Agitator
- Drum Agitator
By Mounting Type
- Top-Mounted
- Bottom-Mounted
- Side-Mounted
By Mixing Type
- Solid-Solid Mixture
- Solid-Liquid Mixture
- Liquid-Liquid Mixture
- Liquid-Gas Mixture
By End-Use Industry
- General Industry
- Chemicals
- Mining
- Oil & Gas
- Food & Beverage
- Cosmetics
By Country
- China
- Japan
- South Korea
- Australia
- India
- Rest of APAC
Industrial Agitator Market - Companies Mentioned
- Alfa Laval
- Mixel Group
- Ekato Group
- Philadelphia Mixing Solutions, Ltd.
- Silverson Machines, Inc.
- SPX Flow, Inc.
- Statiflo Group
- Sulzer Ltd.
- Tacmina Corporation
- Xylem Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Mounting Type, Mixing Type, End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Industrial Agitator Market – By Type
1.3.2 Asia Pacific Industrial Agitator Market – By Mounting Type
1.3.3 Asia Pacific Industrial Agitator Market – By Mixing Type
1.3.4 Asia Pacific Industrial Agitator Market – By End-Use Industry
1.3.5 Asia Pacific Industrial Agitator Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Agitator Market Landscape
4.1 Market Overview
4.2 PEST Analysis – Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Industrial Agitator Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing industrialization and positive economic growth in manufacturing and process industries
5.1.2 Rising need for efficient agitation systems from industries
5.2 Key Market Restraint
5.2.1 High installation and maintenance costs
5.3 Key Market Opportunity
5.3.1 SMEs are anticipated to boost the future demand of portable/modular agitators
5.4 Future Trends
5.4.1 Application specific custom agitators in food and cosmetics industries driving the demand
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Agitator Market – Asia Pacific Market Analysis
6.1 Overview
6.2 Asia Pacific Industrial Agitator Market Revenue and Forecast To 2027 (US$ Mn)
7. Asia Pacific Industrial Agitator Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Industrial Agitator Market Breakdown, By Type, 2018 & 2027
7.3 Large Tank Agitator
7.3.1 Overview
7.3.2 Asia Pacific Large Tank Agitator Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Portable Agitator
7.4.1 Overview
7.4.2 Asia Pacific Portable Agitator Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Drum Agitator
7.5.1 Overview
7.5.2 Asia Pacific Drum Agitator Market Revenue and Forecast to 2027 (US$ Mn)
8. Asia Pacific Industrial Agitator Market Analysis – By Mounting Type
8.1 Overview
8.2 Asia Pacific Industrial Agitator Market Breakdown, By Mounting Type, 2018 & 2027
8.3 Top-Mounted
8.3.1 Overview
8.3.2 Asia Pacific Top-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Bottom-Mounted
8.4.1 Overview
8.4.2 Asia Pacific Bottom-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Side-Mounted
8.5.1 Overview
8.5.2 Asia Pacific Side-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
9. Asia Pacific Industrial Agitators Market Analysis – By Mixing Type
9.1 Overview
9.2 Asia Pacific Industrial Agitator Market Breakdown, By Mixing Type, 2018 & 2027
9.3 Solid–Solid Mixture
9.3.1 Overview
9.3.2 Asia Pacific Solid–Solid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Solid–Liquid Mixture
9.4.1 Overview
9.4.2 Asia Pacific Solid–Liquid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Liquid–Liquid Mixture
9.5.1 Overview
9.5.2 Asia Pacific Liquid–Liquid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
9.6 Liquid–Gas Mixture
9.6.1 Overview
9.6.2 Asia Pacific Liquid–Gas Mixture Market Revenue and Forecast to 2027 (US$ Mn)
10. Asia Pacific Industrial Agitator Market Revenue and Forecast To 2027– End-Use Industry
10.1 Overview
10.2 Asia Pacific Industrial Agitator Market Breakdown, By End-Use Industry, 2018 & 2027
10.3 General Industry
10.3.1 Overview
10.3.2 Asia Pacific General Industry Market Forecast and Analysis
10.4 Chemicals
10.4.1 Overview
10.4.2 Asia Pacific Chemicals Market Forecast and Analysis
10.5 Mining
10.5.1 Overview
10.5.2 Asia Pacific Mining Market Forecast and Analysis
10.6 Oil & Gas
10.6.1 Overview
10.6.2 Asia Pacific Oil & Gas Market Forecast and Analysis
10.7 Food and Beverages
10.7.1 Overview
10.7.2 Asia Pacific Food and Beverages Market Forecast and Analysis
10.8 Cosmetics
10.8.1 Overview
10.8.2 Asia Pacific Cosmetics Market Forecast and Analysis
11. Asia Pacific Industrial Agitator Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific Industrial Agitator Market Breakdown, By Key Country
11.1.1.1 Australia Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 Australia Industrial Agitator Market Breakdown, By Type
11.1.1.1.2 Australia Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.1.3 Australia Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.1.4 Australia Industrial Agitator Market Breakdown, By End-Use Industry
11.1.1.2 China Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 China Industrial Agitator Market Breakdown, By Type
11.1.1.2.2 China Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.2.3 China Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.2.4 China Industrial Agitator Market Breakdown, By End-Use Industry
11.1.1.3 India Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 India Industrial Agitator Market Breakdown, By Type
11.1.1.3.2 India Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.3.3 India Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.3.4 India Industrial Agitator Market Breakdown, By End-Use Industry
11.1.1.4 Japan Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 Japan Industrial Agitator Market Breakdown, By Type
11.1.1.4.2 Japan Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.4.3 Japan Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.4.4 Japan Industrial Agitator Market Breakdown, By End-Use Industry
11.1.1.5 South Korea Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.5.1 South Korea Industrial Agitator Market Breakdown, By Type
11.1.1.5.2 South Korea Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.5.3 South Korea Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.5.4 South Korea Industrial Agitator Market Breakdown, By End-Use Industry
11.1.1.6 Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.6.1 Rest of APAC Industrial Agitator Market Breakdown, By Type
11.1.1.6.2 Rest of APAC Industrial Agitator Market Breakdown, By Mounting Type
11.1.1.6.3 Rest of APAC Industrial Agitator Market Breakdown, By Mixing Type
11.1.1.6.4 Rest of APAC Industrial Agitator Market Breakdown, By End-Use Industry
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Industrial Agitator Market – Company Profiles
13.1 Alfa Laval
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 Mixel 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 EKATO Group
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 Philadelphia Mixing Solutions, Ltd.
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 Silverson Machines
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 SPX FLOW, Inc.
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 Statiflo Group
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 Suzler Ltd.
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 Tacmina 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 Xylem 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
LIST OF TABLES
Table 1. Real GDP Growth- Annual Percent Change (%)
Table 2. Asia Pacific Aerospace Forging market Revenue and Forecast to 2027 (US$ Mn)
Table 3. Australia Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 4. Australia Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 5. Australia Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 6. Australia Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 7. China Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 8. China Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 9. China Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 10. China Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 11. India Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 12. India Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 13. India Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 14. India Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 15. Japan Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 16. Japan Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 17. Japan Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 18. Japan Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 19. South Korea Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 20. South Korea Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 21. South Korea Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 22. South Korea Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 23. Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 24. Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 – By Mounting Type (US$ Mn)
Table 25. Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 – By Mixing Type (US$ Mn)
Table 26. Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 – By End-Use Industry (US$ Mn)
Table 27. Glossary of Terms, Industrial Agitator Market
LIST OF FIGURES
Figure 1. Industrial Agitator Market Segmentation
Figure 2. Industrial Agitator Market Segmentation - Country
Figure 3. Asia Pacific Industrial Agitator Market Overview
Figure 4. Drum Agitator type held the largest share in Asia Pacific industrial agitator market (2018)
Figure 5. Top-Mounted mounting type held the largest share in Asia Pacific industrial agitator market (2018)
Figure 6. Liquid-Liquid Mixing type represented the largest share in Asia Pacific industrial agitator market (2018)
Figure 7. General Industry is the largest end-use industry in Asia Pacific industrial agitator market (2018)
Figure 8. China held the largest share in Asia Pacific industrial agitator market (2018)
Figure 9. Asia Pacific Industrial Agitator Market, Industry Landscape
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. Impact Analysis of Drivers and Restraints Pertaining to Industrial Agitator Market
Figure 12. Asia Pacific Industrial Agitator Market Revenue and Forecast To 2027 (US$ Mn)
Figure 13. Asia Pacific Industrial Agitator Market Breakdown, By Type, 2018 & 2027 (%)
Figure 14. Asia Pacific Large Tank Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Asia Pacific Portable Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Asia Pacific Drum Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Asia Pacific Industrial Agitator Market Breakdown, By Mounting Type, 2018 & 2027 (%)
Figure 18. Asia Pacific Top-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Asia Pacific Bottom-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Asia Pacific Side-Mounted Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Asia Pacific Industrial Agitator Market Breakdown, by Mixing Type, 2018 & 2027 (%)
Figure 22. Asia Pacific Solid–Solid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Asia Pacific Solid–Liquid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Asia Pacific Liquid–Liquid Mixture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Asia Pacific Liquid–Gas Mixture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Asia Pacific Industrial Agitator Market Breakdown, By End-Use Industry, 2018 & 2027 (%)
Figure 27. Asia Pacific General Industry Market Revenue and Forecast To 2027(US$ Mn)
Figure 28. Asia Pacific Chemicals Market Revenue and Forecast To 2027(US$ Mn)
Figure 29. Asia Pacific Mining Market Revenue and Forecast To 2027(US$ Mn)
Figure 30. Asia Pacific Oil & Gas Market Revenue and Forecast To 2027(US$ Mn)
Figure 31. Asia Pacific Food and Beverages Market Revenue and Forecast To 2027(US$ Mn)
Figure 32. Asia Pacific Cosmetics Market Revenue and Forecast To 2027(US$ Mn)
Figure 33. Asia Pacific Industrial Agitator Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 34. Australia Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 35. China Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 36. India Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Japan Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 38. South Korea Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
Figure 39. Rest of APAC Industrial Agitator Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies
- Alfa Laval
- Mixel Group
- Ekato Group
- Philadelphia Mixing Solutions, Ltd.
- Silverson Machines, Inc.
- SPX Flow, Inc.
- Statiflo Group
- Sulzer Ltd.
- Tacmina Corporation
- Xylem 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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