Power Electronics Market By Material, Device And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 185 Category: Electrical Systems & Components Report Code : SE06914
Industry Outlook and Trend Analysis
The Power Electronics market was worth USD 30.87 billion in 2017 and is expected to reach approximately USD 49.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.42% during the forecast period. The expanding demand for battery-powered and energy-efficient devices is probably going to drive the worldwide market over the figure time frame. Also, the inclination for upgrading power infrastructure, expanding focus regarding the usage of sustainable power sources, and developing pattern of vitality reaping advancements are the significant angles that are foreseen to support the business development over the assessed term. Power electronics is strong state circuitry device which are utilized to change and control electrical energy from the source to the load in a proper and successful way.
Material Outlook and Trend Analysis
Silicon represented the biggest market estimate in 2017 and is anticipated to rule the market over the conjecture time frame. The appropriateness of silicon in various power electronic devices and equipment has driven the material to represent the biggest share. Nonetheless, the sapphire fragment is foreseen to develop at the most significant CAGR over the forecast period. The development of this fragment is inferable from the beneficial opportunities, for example, usage of sapphire in cell phone cover glasses, smart watches, optical wafers, and LED lights is picking up footing for the material.
Device Outlook and Trend Analysis
Discrete devices portion represented the biggest market measure in 2017 and is foreseen to rule the market over the forecast period. Discrete devices for the most part incorporate diverse kinds of transistors, thyristors, and diodes. This expansive share of the overall industry of the discrete devices is because of huge implementation of diodes, thyristors, and transistors in the electronic circuitry. Nonetheless, the headways in the power electronic division have prompted the improvement and reception of different power electronics in various applications.
Application Outlook and Trend Analysis
The power fragment represented the biggest market estimate in 2017 and generated the biggest income. The automotive application is foreseen to reflect the speediest development over the estimate time frame. The development of the portion can be attributable to the expanding interest for energy-efficient hybrid electric vehicles to check down the effect of developing contamination on nature.
Regional Outlook and Trend Analysis
The Asia Pacific locale represented the biggest share of 40% of the worldwide business in 2017. The locale is anticipated to witness an extensive development and would proceed with its domination over the forecast period. The huge share of the overall industry and regional development can be credited to the lucrative opportunities in automotive, electronics, industrial, and ICT applications in the Asia Pacific area. The regional rise as a promising manufacturing hub, especially for the consumer electronics and automotive divisions, has prompted a remarkable ascent in production practices over the area by various driving makers of the verticals.
Competitive Insights
The leading players in the market are Renesas Electronics, Texas Instruments, Maxim Integrated, Vishay Intertechnology, Infineon Technologies, ABB India, Fuji Electric, NXP Semiconductor N.V, STMicroelectronics, Mitsubishi Electric and Qualcomm. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Power Electronics market is segmented as follows-
By Material:
- Sapphire
- Gallium Nitride (GaN)
- Silicon (Si)
- Silicon Carbide (SiC)
- Others
By Device:
- Module
- Discrete
- IC
By Application:
- Consumer Electronics
- Industrial
- Aerospace & Defence
- ICT
- Power
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Power Electronics Market, By Material, Estimates and Forecast, 2014-2023($Billion)
o Sapphire
o Gallium Nitride (GaN)
o Silicon (Si)
o Silicon Carbide (SiC)
o Others
· Power Electronics Market, By Device, Estimates and Forecast, 2014-2023($Billion)
o Module
o Discrete
o IC
· Power Electronics Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Consumer Electronics
o Industrial
o Aerospace & Defence
o ICT
o Power
o Automotive
o Others
· Power Electronics Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Power Electronics Market, By Country
o U.S. Power Electronics Market
o Canada Power Electronics Market
o Mexico Power Electronics Market
o Europe
§ Europe Power Electronics Market, By Country
o Germany Power Electronics Market
o UK Power Electronics Market
o France Power Electronics Market
o Russia Power Electronics Market
o Italy Power Electronics Market
o Rest of Europe Power Electronics Market
o Asia-Pacific
§ Asia-Pacific Power Electronics Market, By Country
o China Power Electronics Market
o Japan Power Electronics Market
o South Korea Power Electronics Market
o India Power Electronics Market
o Southeast Asia Power Electronics Market
o Rest of Asia-Pacific Power Electronics Market
o South America
§ South America Power Electronics Market
o Brazil Power Electronics Market
o Argentina Power Electronics Market
o Columbia Power Electronics Market
o South Africa Power Electronics Market
o Rest of South America Power Electronics Market
o Middle East and Africa
§ Middle East and Africa Power Electronics Market
o Saudi Arabia Power Electronics Market
o UAE Power Electronics Market
o Egypt Power Electronics Market
o Nigeria Power Electronics Market
o South Africa Power Electronics Market
o Rest of MEA Power Electronics Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Power Electronics Market, By Material
5.1. Introduction
5.2. Global Power Electronics Sales, Revenue and Market Share by Material (2017-2027)
5.2.1. Global Power Electronics Sales and Sales Share by Material (2017-2027)
5.2.2. Global Power Electronics Revenue and Revenue Share by Material (2017-2027)
5.3. Sapphire
5.3.1. Global Sapphire Sales and Growth Rate (2017-2027)
5.4. Gallium Nitride (GaN)
5.4.1. Global Gallium Nitride (GaN) Sales and Growth Rate (2017-2027)
5.5. Silicon (Si)
5.5.1. Global Silicon (Si) Sales and Growth Rate (2017-2027)
5.6. Silicon Carbide (SiC)
5.6.1. Global Silicon Carbide (SiC) Sales and Growth Rate (2017-2027)
5.7. Others
5.7.1. Global Others Sales and Growth Rate (2017-2027)
6. Power Electronics Market, By Device
6.1. Introduction
6.2. Global Power Electronics Sales, Revenue and Market Share by Device (2017-2027)
6.2.1. Global Power Electronics Sales and Sales Share by Device (2017-2027)
6.2.2. Global Power Electronics Revenue and Revenue Share by Device (2017-2027)
6.3. Module
6.3.1. Global Module Sales and Growth Rate (2017-2027)
6.4. Discrete
6.4.1. Global Discrete Sales and Growth Rate (2017-2027)
6.5. IC
6.5.1. Global IC Sales and Growth Rate (2017-2027)
7. Power Electronics Market, By Application
7.1. Introduction
7.2. Global Power Electronics Sales, Revenue and Market Share by Application (2017-2027)
7.2.1. Global Power Electronics Sales and Sales Share by Application (2017-2027)
7.2.2. Global Power Electronics Revenue and Revenue Share by Application (2017-2027)
7.3. Consumer Electronics
7.3.1. Global Consumer Electronics Sales and Growth Rate (2017-2027)
7.4. Industrial
7.4.1. Global Industrial Sales and Growth Rate (2017-2027)
7.5. Aerospace & Defense
7.5.1. Global Aerospace & Defense Sales and Growth Rate (2017-2027)
7.6. ICT
7.6.1. Global ICT Sales and Growth Rate (2017-2027)
7.7. Power
7.7.1. Global Power Sales and Growth Rate (2017-2027)
7.8. Automotive
7.8.1. Global Automotive Sales and Growth Rate (2017-2027)
7.9. Others
7.9.1. Global Others Sales and Growth Rate (2017-2027)
8. Power Electronics Market, By Region
8.1. Introduction
8.2. Global Power Electronics Sales, Revenue and Market Share by Regions
8.2.1. Global Power Electronics Sales by Regions (2017-2027)
8.2.2. Global Power Electronics Revenue by Regions (2017-2027)
8.3. North America Power Electronics by Countries
8.3.1. North America Power Electronics Sales and Growth Rate (2017-2027)
8.3.2. North America Power Electronics Revenue and Growth Rate (2017-2027)
8.3.3. North America Power Electronics Sales by Countries (2017-2027)
8.3.4. North America Power Electronics Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Power Electronics Sales and Growth Rate (2017-2027)
8.3.5.2. United States Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Power Electronics Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Power Electronics Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Power Electronics by Countries
8.4.1. Europe Power Electronics Sales and Growth Rate (2017-2027)
8.4.2. Europe Power Electronics Revenue and Growth Rate (2017-2027)
8.4.3. Europe Power Electronics Sales by Countries (2017-2027)
8.4.4. Europe Power Electronics Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Power Electronics Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Power Electronics Sales and Growth Rate (2017-2027)
8.4.6.2. UK Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Power Electronics Sales and Growth Rate (2017-2027)
8.4.7.2. France Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Power Electronics Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Power Electronics Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Power Electronics Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Power Electronics Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Power Electronics Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Power Electronics Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Power Electronics Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Power Electronics Sales and Growth Rate (2017-2027)
8.5.5.2. China Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Power Electronics Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Power Electronics Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Power Electronics Sales and Growth Rate (2017-2027)
8.5.8.2. India Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Power Electronics Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Power Electronics Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Power Electronics Sales and Growth Rate (2017-2027)
8.6.2. South America Power Electronics Revenue and Growth Rate (2017-2027)
8.6.3. South America Power Electronics Sales by Countries (2017-2027)
8.6.4. South America Power Electronics Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Power Electronics Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Power Electronics Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Power Electronics Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Power Electronics Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Power Electronics Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Power Electronics Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Power Electronics Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Power Electronics Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Power Electronics Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Power Electronics Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Power Electronics Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Power Electronics Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Power Electronics Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Power Electronics Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Power Electronics Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Vishay Intertechnology, Inc
9.1.1. Business Overview
9.1.2. Material Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Texas Instruments, Inc
9.2.1. Business Overview
9.2.2. Material Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. STMicroelectronics N.V
9.3.1. Business Overview
9.3.2. Material Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Renesas Electronics Corp.
9.4.1. Business Overview
9.4.2. Material Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. NXP Semiconductor N.V.
9.5.1. Business Overview
9.5.2. Material Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Mitsubishi Electric Corp.
9.6.1. Business Overview
9.6.2. Material Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Microsemi Corporation
9.7.1. Business Overview
9.7.2. Material Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Maxim Integrated Products, Inc.
9.8.1. Business Overview
9.8.2. Material Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Mitsubishi Electric Corp
9.9.1. Business Overview
9.9.2. Material Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. Microsemi Corporation
9.10.1. Business Overview
9.10.2. Material Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
9.11. Maxim Integrated Products, Inc
9.11.1. Business Overview
9.11.2. Material Portfolio
9.11.3. Strategic Developments
9.11.4. Sales, Revenue and Market Share
9.12. Fuji Electric Co., Ltd
9.12.1. Business Overview
9.12.2. Material Portfolio
9.12.3. Strategic Developments
9.12.4. Sales, Revenue and Market Share
10. Global Power Electronics Market Competition, by Manufacturer
10.1. Global Power Electronics Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Power Electronics Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Power Electronics Price by Region (2017-2017)
10.4. Top 5 Power Electronics Manufacturer Market Share
10.5. Market Competition Trend
11. Power Electronics Market Forecast (2027-2023)
11.1. Global Power Electronics Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Power Electronics Market Forecast by Regions (2027-2023)
11.2.1. North America Power Electronics Market Forecast (2027-2023)
11.2.1.1. United States Power Electronics Market Forecast (2027-2023)
11.2.1.2. Canada Power Electronics Market Forecast (2027-2023)
11.2.1.3. Mexico Power Electronics Market Forecast (2027-2023)
11.2.2. Europe Power Electronics Market Forecast (2027-2023)
11.2.2.1. Germany Power Electronics Market Forecast (2027-2023)
11.2.2.2. United Kingdom Electric Scooters Market Forecast (2027-2023)
11.2.2.3. France Power Electronics Market Forecast (2027-2023)
11.2.2.4. Russia Power Electronics Market Forecast (2027-2023)
11.2.2.5. Italy Power Electronics Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Power Electronics Market Forecast (2027-2023)
11.2.3. Asia-Pacific Power Electronics Market Forecast (2027-2023)
11.2.3.1. China Power Electronics Market Forecast (2027-2023)
11.2.3.2. Japan Power Electronics Market Forecast (2027-2023)
11.2.3.3. Korea Power Electronics Market Forecast (2027-2023)
11.2.3.4. India Power Electronics Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Power Electronics Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Power Electronics Market Forecast (2027-2023)
11.2.4. South America Power Electronics Market Forecast (2027-2023)
11.2.4.1. Brazil Power Electronics Market Forecast (2027-2023)
11.2.4.2. Argentina Power Electronics Market Forecast (2027-2023)
11.2.4.3. Columbia Power Electronics Market Forecast (2027-2023)
11.2.4.4. Rest of South America Power Electronics Market Forecast (2027-2023)
11.2.5. Middle East and Africa Power Electronics Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Power Electronics Market Forecast (2027-2023)
11.2.5.2. UAE Power Electronics Market Forecast (2027-2023)
11.2.5.3. Egypt Power Electronics Market Forecast (2027-2023)
11.2.5.4. Nigeria Power Electronics Market Forecast (2027-2023)
11.2.5.5. South Africa Power Electronics Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Power Electronics Market Forecast (2027-2023)
11.3. Power Electronics Market Forecast by Material (2027-2023)
11.3.1. Global Power Electronics Sales Forecast by Material (2027-2023)
11.3.2. Global Power Electronics Sales Market Share Forecast by Material (2027-2023)
11.4. Power Electronics Market Forecast by Device (2027-2023)
11.4.1. Global Power Electronics Sales Forecast by Device (2027-2023)
11.4.2. Global Power Electronics Sales Market Share Forecast by Device (2027-2023)
11.5. Power Electronics Market Forecast by Application (2027-2023)
11.5.1. Global Power Electronics Sales Forecast by Application (2027-2023)
11.5.2. Global Power Electronics Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Power Electronics Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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