Combination Starter Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0194373
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Combination Starter Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 7 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Combination Starter Market

(Market Size)
$3.2 billion
$7 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 3.2 billion
2030 Market Size USD 7 billion
Key Players ABB, Siemens, Schneider Electric, Eaton, GE

Market Summary

The combination starter market is an integral segment within the broader energy and power industry, providing critical motor control and protection solutions across various applications. Combination starters integrate a motor starter, such as a contactor or soft starter, with a circuit breaker or disconnect switch and overload relay into a single, compact unit. This configuration offers a streamlined approach to motor management, enhancing operational safety, reliability, and ease of installation. The market is driven by the ongoing industrialization, modernization of power infrastructure, and increasing emphasis on energy efficiency and equipment safety. Industries such as oil and gas, water and wastewater treatment, manufacturing, and mining rely heavily on these devices to ensure the smooth and protected operation of motors, which are fundamental to their processes. As global energy demands rise and industrial automation expands, the need for robust and efficient motor control solutions like combination starters continues to grow, positioning this market as a vital component of the energy and power ecosystem.

Key Highlights

The combination starter market is characterized by several key highlights that underscore its importance and trajectory. A significant trend is the increasing adoption of intelligent and IoT-enabled starters that offer remote monitoring, diagnostics, and predictive maintenance capabilities, aligning with the Industry 4.0 movement. Manufacturers are focusing on developing products with higher durability, better thermal management, and enhanced safety features to meet stringent international standards and cater to harsh operating environments. The market is also witnessing a shift towards more compact and modular designs that save panel space and simplify wiring, reducing installation time and costs. Furthermore, the rising demand for energy-efficient motors is propelling the need for compatible starters that minimize energy losses and improve overall system performance. Key players are engaged in strategic initiatives such as product innovations, partnerships, and expansions to strengthen their market presence and address the evolving needs of end-users across diverse industrial sectors.

Drivers, Opportunities & Restraints

The growth of the combination starter market is propelled by several drivers, including the accelerating pace of industrial automation and the modernization of aging power infrastructure worldwide. The increasing investments in industrial sectors such as manufacturing, oil and gas, and utilities are fueling the demand for reliable motor control and protection equipment. Stringent government regulations and safety standards mandating the use of certified and safe motor control solutions further drive market adoption. Opportunities abound in the integration of smart technologies and the expansion of renewable energy projects, which require sophisticated motor management systems. The development of emerging economies presents significant growth potential, as industrialization and urbanization efforts create new demand. However, the market faces restraints such as the high initial cost of advanced combination starters and the availability of low-cost alternatives, which can hinder adoption in price-sensitive regions. Economic volatility and supply chain disruptions also pose challenges, impacting production and delivery timelines.

Concentration Insights

The combination starter market exhibits a moderately concentrated landscape with the presence of several established global players and numerous regional manufacturers. Leading companies such as Schneider Electric, Siemens, ABB, Eaton, and Rockwell Automation dominate the market, leveraging their extensive product portfolios, strong distribution networks, and robust research and development capabilities. These industry giants focus on continuous innovation, introducing advanced features like connectivity, cybersecurity, and enhanced protection to maintain competitive advantage. The market also includes specialized players and local manufacturers that cater to specific regional demands or niche applications, often competing on price and customization. Mergers, acquisitions, and strategic collaborations are common as companies seek to expand their geographic reach and technological expertise. The competitive intensity is high, with firms competing on factors such as product quality, reliability, technical support, and compliance with international standards.

Type Insights

Combination starters are available in various types, primarily categorized based on the type of motor starter incorporated, such as manual, magnetic, and soft-start combination starters. Magnetic combination starters, which use electromagnets to control the motor circuit, are widely prevalent due to their ability to handle higher current ratings and offer remote operation capabilities. Soft-start combination starters are gaining traction as they provide gradual acceleration and deceleration of motors, reducing mechanical stress and electrical surges, which is particularly beneficial for applications involving pumps, conveyors, and fans. Manual combination starters, though simpler and more cost-effective, are typically used in applications where remote control is not necessary. Additionally, combination starters can be differentiated based on their enclosure types, such as general purpose, watertight, dust-tight, and explosion-proof, designed to suit various environmental conditions and safety requirements.

Application Insights

Combination starters find extensive applications across a diverse range of industries within the energy and power sector. In the oil and gas industry, they are crucial for controlling motors in drilling rigs, pipelines, and refining processes, often requiring explosion-proof enclosures for hazardous environments. The water and wastewater treatment sector utilizes these starters for pumps, blowers, and aerators, ensuring reliable operation and protection against overloads. In manufacturing and industrial plants, combination starters are employed in conveyor systems, compressors, machine tools, and material handling equipment, contributing to operational efficiency and safety. The mining industry relies on robust starters for heavy-duty machinery operating in tough conditions. Furthermore, they are used in commercial buildings for HVAC systems and in renewable energy installations such as wind and solar farms for auxiliary motor control.

Regional Insights

The demand for combination starters varies across regions, influenced by industrialization levels, infrastructure development, and economic conditions. North America and Europe represent mature markets with steady demand driven by the replacement of aging equipment, stringent safety regulations, and the adoption of advanced automation technologies. The Asia-Pacific region is anticipated to exhibit significant growth, fueled by rapid industrialization, urbanization, and substantial investments in power infrastructure in countries like China, India, and Southeast Asian nations. The Middle East and Africa show promising potential due to ongoing projects in the oil and gas sector and infrastructure development initiatives. Latin America, while facing economic fluctuations, continues to demand combination starters for mining, water management, and industrial applications. Each region presents unique opportunities and challenges, shaped by local regulatory frameworks, economic policies, and industrial activities.

Company Insights

Prominent companies in the combination starter market include Schneider Electric, which offers a comprehensive range of products under brands like Telemecanique Sensors and Square D, known for their reliability and innovation. Siemens provides advanced combination starters with integrated communication capabilities and robust designs suitable for various industrial environments. ABB is recognized for its energy-efficient solutions and extensive portfolio that includes both standard and customized starters. Eaton Corporation delivers a wide array of combination starters featuring advanced protection and control functionalities, catering to diverse application needs. Rockwell Automation focuses on intelligent motor control solutions that integrate seamlessly with broader automation systems. Other notable players include General Electric, Mitsubishi Electric, and WEG, each contributing to the market with their specialized products and strategic initiatives aimed at enhancing product performance and expanding market reach.

Recent Developments

The combination starter market has witnessed several recent developments aimed at enhancing product offerings and market positioning. Key players have launched new products with integrated connectivity features, enabling IoT capabilities for real-time monitoring and predictive maintenance. There is a growing emphasis on developing environmentally sustainable products with reduced carbon footprints and higher energy efficiency. Companies are also focusing on expanding their production capacities and strengthening their distribution networks to better serve global customers. Strategic acquisitions and partnerships have been observed, allowing firms to acquire new technologies and enter emerging markets. Additionally, advancements in materials and design have led to the introduction of more compact, lightweight, and durable combination starters that meet evolving industry standards and customer expectations for performance and safety.

Report Segmentation

This market research report on the combination starter market provides a detailed analysis segmented by type, application, and region. The type segmentation includes manual combination starters, magnetic combination starters, and soft-start combination starters, each analyzed for their market dynamics and adoption trends. Application segmentation covers key sectors such as oil and gas, water and wastewater treatment, manufacturing, mining, and others, highlighting the specific??? drivers in each area. Regional segmentation offers insights into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional market characteristics, growth factors, and competitive landscapes. Each segment is thoroughly evaluated to provide a comprehensive understanding of market size, growth potential, and future outlook, aiding stakeholders in making informed decisions.

FAQs

What is a combination starter? A combination starter is an integrated motor control and protection device that combines a motor starter, such as a contactor or soft starter, with a circuit breaker or disconnect switch and an overload relay in a single enclosure, designed to start, stop, and protect electric motors.

What are the key applications of combination starters? Combination starters are widely used in various industries including oil and gas, water and wastewater treatment, manufacturing, mining, and commercial buildings for applications such as pump control, conveyor systems, compressors, and HVAC systems.

Which companies are the leading players in the combination starter market? Leading companies in the global combination starter market include Schneider Electric, Siemens, ABB, Eaton, Rockwell Automation, General Electric, Mitsubishi Electric, and WEG, among others.

What are the benefits of using a combination starter? Benefits include simplified installation, enhanced safety through integrated protection features, space savings in control panels, improved reliability, and compliance with international safety standards.

How does a soft-start combination starter work? A soft-start combination starter gradually increases the voltage supplied to the motor during startup, reducing inrush current and mechanical stress, which helps in smooth acceleration and deceleration, prolonging equipment life.

What factors should be considered when selecting a combination starter? Key factors include the motor horsepower and current rating, operational environment (requiring specific enclosure types like explosion-proof or watertight), required control features (manual, magnetic, or soft-start), and compliance with relevant safety standards and regulations.

Citius Research has developed a research report titled “Combination Starter Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Combination Starter Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Combination Starter Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Combination Starter Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Combination Starter Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Combination Starter Market
• Research Methodology
• Executive Summary
• Market Dynamics of Combination Starter Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Combination Starter Market
• Cost and Gross Margin Analysis of Combination Starter Market
• Combination Starter Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Combination Starter Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Combination Starter Market Key Stakeholders

Below are the key stakeholders for the Combination Starter Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Combination Starter Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Combination Starter Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Combination Starter Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Combination Starter Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Combination Starter Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Combination Starter Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Combination Starter Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Combination Starter Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Combination Starter Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Combination Starter Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Combination Starter Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Combination Starter Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Combination Starter Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Combination Starter Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Combination Starter Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Combination Starter Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Combination Starter Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports