Power Transmission Components Market by Components Type and Current Type - Global Industry Analysis and Forecast to 2023

Published On : January 2018 Pages : 80 Category: Energy & Mining Report Code : EM01496

Industry Trend Analysis

The global Power Transmission Components Market was worth USD 54.23 billion in 2017 and is expected to reach approximately USD 92.81 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.15% during the forecast period. The persistently expanding interest for energy has been the essential development driver for the worldwide power transmission components market. The obstacles encountered by service providers in power transmission over long separations are yet another factor driving the selection of these parts in the past years. In this manner, with an end goal to curb the loss of energy through powerful energy transmission and diminishing the carbon impression is expected to expand the organization of modern transmission segments in the coming years.

Component Outlook and Trend Analysis

Based on components the market is segmented into transformers, switchgears & circuit breakers, capacitors & insulators, and others. Switchgears and circuit breakers are significant components of power transmission as they are designed to reduce the loss of energy amid transmission. They are imperative in reducing electric failures and ensuring constant flow of current through the circuit. Due to these factors the enhanced switchgears and circuit breakers that render high voltage will be used majorly in power grids in the near future.

Current Outlook and Trend Analysis

On the basis of current the market is segmented into High Voltage Alternating Current (HVAC) and High Voltage Direct Current (HVDC). Modern power transmission segments are intended to render long haul investment funds by giving continuous power supply. With this support, governments over the globe are boosting establishments of new-age control transmission segments to accomplish critical vitality reserve funds. This move comes as world pioneers are formulating approaches to accomplish financial development through feasible means.

Regional Outlook and Trend Analysis

Geographically, the power transmission components market has a existence crosswise over districts of North America, Europe, South and Central America, the Middle East and Africa, and North America. In 2017, North America held a main share of 26.50 percent and is foreseen to compare to 25.57 percent by 2023. Regardless of the minor drop in rate, this provincial market will exceed expectations because of expanding interests in redesigning existing power transmission components. The activities by governments to reduce the carbon outflow and nullify the carbon impression are likewise anticipated that would help the power transmission components market in North America.

Competitive Insights

The leading players in the market are ABB Group, Emerson Electric, Schneider Electric, TBEA Co, Mitsubishi Electric, Hitachi, Siemens, General Electric and Toshiba. The market is observing a high degree of competition owing to the existence of a large number of players. To keep the edge over others, players are focusing on integration and product innovation that will ensure additional energy savings in the near future.

The Power Transmission Components Market is segmented as follows-

By Component:

  • Transformers
  • Capacitors & Insulators
  • Switchgears & Circuit Breakers
  • Others (Power Convertors, & Relays etc.)

By Current:

  • High Voltage Direct Current (HVDC)
  • High Voltage Alternating Current (HVAC)

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

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 Transmission Components Market, By Components Type, Estimates and Forecast, 2014-2023 ($Million)
    • Switchgears & Circuit Breakers
    • Transformers
    • Capacitors & Insulators
    • Other Components Type
  • Power Transmission Components Market, By Current Type, Estimates and Forecast, 2014-2023 ($Million)
    • HVAC (High Voltage Alternating Current)
    • HVDC (High Voltage Direct Current)
  • Power Transmission Components Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America  Power Transmission Components Market, By Country
  • North America  Power Transmission Components Market, By Components Type
  • North America  Power Transmission Components Market, By Current Type
    • U.S.  Power Transmission Components Market, By Components Type
    • U.S. Power Transmission Components Market, By Current Type
    • Canada  Power Transmission Components Market, By Components Type
    • Canada  Power Transmission Components Market, By Current Type
    • Mexico  Power Transmission Components Market, By Components Type
    • Mexico  Power Transmission Components Market, By Current Type
    • Europe
  • Europe Power Transmission Components Market, By Country
  • Europe Power Transmission Components Market, By Components Type
  • Europe Power Transmission Components Market, By Current Type
    • Germany  Power Transmission Components Market, By Components Type
    • Germany  Power Transmission Components Market, By Current Type
    • France Power Transmission Components Market, By Components Type
    • France Power Transmission Components Market, By Current Type
    • UK   Power Transmission Components Market, By Components Type
    • UK   Power Transmission Components Market, By Current Type
    • Italy   Power Transmission Components Market, By Components Type
    • Italy   Power Transmission Components Market, By Current Type
    • Spain   Power Transmission Components Market, By Components Type
    • Spain   Power Transmission Components Market, By Current Type
    • Rest of Europe   Power Transmission Components Market, By Components Type
    • Rest of Europe   Power Transmission Components Market, By Current Type
    • Asia-Pacific
      • Asia-Pacific   Power Transmission Components Market, By Country
      • Asia-Pacific   Power Transmission Components Market, By Components Type
      • Asia-Pacific   Power Transmission Components Market, By Current Type
        • Japan   Power Transmission Components Market, By Components Type
        • Japan   Power Transmission Components Market, By Current Type
        • Australia   Power Transmission Components Market, By Components Type
        • Australia   Power Transmission Components Market, By Current Type
        • India   Power Transmission Components Market, By Components Type
        • India   Power Transmission Components Market, By Current Type
        • South Korea   Power Transmission Components Market, By Components Type
        • South Korea   Power Transmission Components Market, By Current Type
        • Rest of Asia-Pacific   Power Transmission Components Market, By Components Type
        • Rest of Asia-Pacific   Power Transmission Components Market, By Current Type
    • Rest of the World
      • Rest of the World   Power Transmission Components Market, By Country
      • Rest of the World   Power Transmission Components Market, By Components Type
      • Rest of the World   Power Transmission Components Market, By Current Type
        • Brazil   Power Transmission Components Market, By Components Type
        • Brazil   Power Transmission Components Market, By Current Type
        • South Africa   Power Transmission Components Market, By Components Type
        • South Africa   Power Transmission Components Market, By Current Type
        • Saudi Arabia   Power Transmission Components Market, By Components Type
        • Saudi Arabia   Power Transmission Components Market, By Current Type
        • Turkey   Power Transmission Components Market, By Components Type
        • Turkey   Power Transmission Components Market, By Current Type
        • United Arab Emirates   Power Transmission Components Market, By Components Type
        • United Arab Emirates   Power Transmission Components Market, By Current Type
        • Others   Power Transmission Components Market, By Components Type
        • Others   Power Transmission Components Market, By Current Type

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

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

3.2.1.1.    Expansion of Smart Grid Networks

3.2.1.2.    Rising Peak Load Demand

3.2.2.  Restraints

3.2.2.1.    High Dependency on Imports

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Power Transmission Components Market, By Components Type

4.1.       Introduction

4.2.       Power Transmission Components Market   Assessment and Forecast, By Components Type, 2017-2023

4.3.       Switchgears & Circuit Breakers

4.3.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

4.4.       Transformers

4.4.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

4.5.       Capacitors & Insulators

4.5.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

4.6.       Other Component Types

4.6.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.       Power Transmission Components Market, By Current Type

5.1.       Introduction

5.2.       The Power Transmission Components Market   Assessment and Forecast, By Current Type, 2017-2023

5.3.       HVAC (High Voltage Alternating Current)

5.3.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.4.       HVDC (High Voltage Direct Current)

5.4.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

6.       Power Transmission Components Market, By Region

6.1.       Introduction

6.2.       Power Transmission Components Market   Assessment and Forecast, By Components Type, 2017-2023($Million)

6.3.       Power Transmission Components Market   Assessment and Forecast, By Current Type , 2017-2023($Million)

6.4.       North America

6.4.1.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.4.2.  Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.4.3.  Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.4.4.  U.S.

6.4.4.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.4.4.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.4.5.  Canada

6.4.5.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.4.5.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.4.6.  Mexico

6.4.6.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.4.6.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.       Europe

6.5.1.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.5.2.  Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.3.  Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.4.  Germany

6.5.4.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.4.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.5.  France

6.5.5.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.5.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.6.  UK

6.5.6.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.6.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.7.  Italy

6.5.7.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.7.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.8.  Spain

6.5.8.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.8.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.5.9.  Rest of Europe

6.5.9.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.5.9.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.       Asia-Pacific

6.6.1.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.6.2.  Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.3.  Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.4.  Japan

6.6.4.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.4.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.5.  China

6.6.5.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.5.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.6.  Australia

6.6.6.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.6.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.7.  India

6.6.7.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.7.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.8.  South Korea

6.6.8.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.8.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.6.9.  Rest of Asia-Pacific

6.6.9.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.6.9.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.       Rest of the World

6.7.1.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.7.2.  Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.3.  Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.4.  Brazil

6.7.4.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.4.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.5.  Turkey

6.7.5.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.5.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.6.  Saudi Arabia

6.7.6.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.6.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.7.  South Africa

6.7.7.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.7.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.8.  United Arab Emirates

6.7.8.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.8.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

6.7.9.  Others

6.7.9.1.    Market Assessment and Forecast, By Components Type, 2017-2023($Million)

6.7.9.2.    Market Assessment and Forecast, By Current Type, 2017-2023($Million)

7.       Company Profiles

7.1.       ABB Group

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Key Financials

7.1.4.  Strategic Developments

7.2.       Eaton Corporation Plc

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Key Financials

7.2.4.  Strategic Developments

7.3.       Emerson Electric Company

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Key Financials

7.3.4.  Strategic Developments

7.4.       General Electric Company

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.5.       Hitachi, Ltd.

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.6.       Mitsubishi Electric Corporation

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.7.       Schneider Electric SE

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.8.       Siemens AG

7.8.1.  Business Overview

7.8.2.  Product Portfolio

7.8.3.  Strategic Developments

7.9.       Tebian Electric Apparatus Stock Co., Ltd.

7.9.1.  Business Overview

7.9.2.  Components Type  Portfolio

7.9.3.  Strategic Developments

7.10.    Toshiba Corporation

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments


List of Tables

Table: Global Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Switchgears & Circuit Breakers Market, By Region, 2017-2023($Million)

Table: Transformers Market, By Region, 2017-2023($Million)

Table: Capacitors & Insulators Market, By Region, 2017-2023($Million)

Table: Other Components Types Market, By Region, 2017-2023($Million)

Table: Global Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: HVAC (High Voltage Alternating Current) Market, By Region, 2017-2023($Million)

Table: HVDC (High Voltage Direct Current) Market, By Region, 2017-2023($Million)

Table: North America Power Transmission Components Market, By Country, 2017-2023($Million)

Table: North America Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: North America Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: U.S. Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: U.S. Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Canada Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Canada Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Mexico Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Mexico Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Europe Power Transmission Components Market, By Country, 2017-2023($Million)

Table: Europe Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Europe Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Germany Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Germany Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: France Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: France Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: UK Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: UK Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Italy Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Italy Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Spain Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Spain Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Rest of Europe Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Rest of Europe Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Asia-Pacific Power Transmission Components Market, By Country, 2017-2023($Million)

Table: Asia-Pacific Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Asia-Pacific Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Japan Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Japan Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: China Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: China Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Australia Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Australia Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: India Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: India Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: South Korea Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: South Korea Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Rest of Asia-Pacific Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Rest of Asia-Pacific Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Rest of the World Power Transmission Components Market, By Country, 2017-2023($Million)

Table: Rest of the World Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Rest of the World Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Brazil Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Brazil Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Turkey Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Turkey Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Saudi Arabia Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Saudi Arabia Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: South Africa Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: South Africa Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: United Arab Emirates Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: United Arab Emirates Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: Others Power Transmission Components Market, By Components Type, 2017-2023($Million)

Table: Others Power Transmission Components Market, By Current Type, 2017-2023($Million)

Table: ABB Group: Key Strategic Developments, 2017-2017

Table: Eaton Corporation Plc: Key Strategic Developments, 2017-2017

Table: Emerson Electric Company: Key Strategic Developments, 2017-2017

Table: General Electric Company: Key Strategic Developments, 2017-2017

Table: Hitachi, Ltd.: Key Strategic Developments, 2017-2017

Table: Mitsubishi Electric Corporation: Key Strategic Developments, 2017-2017

Table: Schneider Electric SE: Key Strategic Developments, 2017-2017

Table: Siemens AG: Key Strategic Developments, 2017-2017

Table: Tebian Electric Apparatus Stock Co., Ltd.: Key Strategic Developments, 2017-2017

Table: Toshiba Corporation: Key Strategic Developments, 2017-2017


List of Figures

Figure: Global Power Transmission Components Market Share, By Components Type, 2017 & 2023

Figure: Global Power Transmission Components Market, By Current Type, 2017 & 2023 ($Million)

Figure: Global Power Transmission Components Market, By Region, 2017 & 2023 ($Million)

Figure: ABB Group: Net Revenues, 2017-2017 ($Million)

Figure: ABB Group: Net Revenue Share, By Segment, 2017

Figure: ABB Group: Net Revenue Share, By Geography, 2017

Figure: Eaton Corporation Plc: Net Revenues, 2017-2017 ($Million)

Figure: Eaton Corporation Plc: Net Revenue Share, By Segment, 2017

Figure: Eaton Corporation Plc: Net Revenue Share, By Geography, 2017

Figure: Emerson Electric Company: Net Revenues, 2017-2017 ($Million)

Figure: Emerson Electric Company: Net Revenue Share, By Segment, 2017

Figure: Emerson Electric Company: Net Revenue Share, By Geography, 2017

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

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

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

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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