Pilot Operated Pressure Relief Valves 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: CR0208565
  • Format: Electronic (PDF)
  • Number of Pages: 190
  • Author(s): Joshi, Madhavi

Report Overview

The Pilot Operated Pressure Relief Valves Market size was estimated at USD 1.25 billion in 2023 and is projected to reach USD 1.85 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2024-2030).

Pilot Operated Pressure Relief Valves Market

(Market Size)
$1.25 billion
$1.85 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.90%
2023 Market Size USD 1.25 billion
2030 Market Size USD 1.85 billion
Key Players Emerson, IMI, LESER, Weir Group, Curtiss-Wright

Market Summary

The pilot operated pressure relief valves market is an essential segment within the broader industrial valve industry, primarily serving the manufacturing and construction sectors. These valves are critical safety components designed to protect pressurized systems from overpressure events by automatically releasing excess pressure when predetermined set points are exceeded. Unlike spring-loaded valves, pilot operated pressure relief valves utilize system pressure to control the opening and closing mechanism, offering higher accuracy, reliability, and reseating capabilities. The market is characterized by steady demand driven by stringent safety regulations, industrial expansion, and the need for efficient pressure management in various applications including oil and gas, chemical processing, power generation, and water treatment systems. Key industry participants focus on innovation, product reliability, and compliance with international standards to meet evolving customer requirements and enhance operational safety across diverse industrial environments.

Key Highlights

Pilot operated pressure relief valves are distinguished by their superior performance characteristics compared to conventional relief valves. One of the primary highlights is their ability to handle higher pressures and capacities with minimal simmer and chatter, ensuring system stability and longevity. These valves offer precise set pressure control, often within ?1% of the desired point, which is crucial for critical applications in refineries, petrochemical plants, and power facilities. Another significant feature is their tight sealing capability, which prevents leakage and reduces product loss, contributing to operational efficiency and environmental compliance. The market sees continuous advancements in materials technology, with manufacturers developing valves from specialized alloys and coatings to resist corrosion, erosion, and extreme temperatures. Additionally, the integration of smart technologies and IoT-enabled monitoring systems is emerging as a key trend, allowing for predictive maintenance and real-time performance tracking, thereby reducing downtime and enhancing safety protocols.

Drivers, Opportunities & Restraints

The growth of the pilot operated pressure relief valves market is propelled by several key drivers. Increasing industrialization and infrastructure development, particularly in emerging economies, necessitate reliable pressure protection systems in manufacturing and construction projects. Strict government regulations and safety standards imposed by organizations such as ASME and API mandate the use of certified pressure relief devices, compelling industries to adopt high-performance valves. The expansion of the oil and gas sector, along with rising investments in chemical processing and power generation, further fuels demand. Opportunities abound in the development of advanced materials that extend valve lifespan and performance in harsh environments, as well as in the digitalization of valve systems through Industry 4.0 integration, offering new revenue streams for manufacturers. However, the market faces restraints including high initial costs and complex installation requirements, which may deter small-scale operators. Additionally, economic volatility and fluctuations in raw material prices can impact production costs and profit margins, posing challenges to market stability.

Concentration Insights

The pilot operated pressure relief valves market exhibits a concentrated competitive landscape with a mix of established multinational corporations and specialized regional players. Leading companies such as Emerson Electric Co., Curtiss-Wright Corporation, and IMI PLC dominate the market through extensive product portfolios, strong R&D capabilities, and global distribution networks. These players focus on strategic acquisitions, partnerships, and technological innovations to strengthen their market position and cater to diverse industrial needs. Regional manufacturers often compete by offering cost-effective solutions and customized products for local applications, particularly in Asia-Pacific and Latin America. The market concentration is also influenced by stringent certification requirements and long-standing customer relationships in industries like oil and gas, where reliability and compliance are paramount. This concentration drives continuous improvement in product quality and service offerings, benefiting end-users with enhanced safety and performance.

Type Insights

Pilot operated pressure relief valves are available in various types, each designed to meet specific operational requirements and application scenarios. The most common types include conventional pilot operated valves, which use system pressure to control the main valve through a pilot circuit, offering reliable performance for general industrial use. Balanced bellows valves are another variant, featuring a bellows assembly to compensate for backpressure effects, making them suitable for applications with variable discharge conditions. Additionally, there are soft-seated and metal-seated valves, with the former providing bubble-tight shutoff for clean services and the latter offering durability in high-temperature or erosive environments. Specialized types such as bellows-balanced and pilot-assisted safety valves cater to niche applications requiring enhanced stability and precise control. Manufacturers continuously innovate in valve design to improve efficiency, reduce maintenance, and comply with evolving industry standards, ensuring a diverse range of options for customers across the manufacturing and construction sectors.

Application Insights

Pilot operated pressure relief valves find extensive applications across multiple industries within the manufacturing and construction sectors. In the oil and gas industry, they are critical for protecting upstream, midstream, and downstream facilities including drilling rigs, pipelines, refineries, and storage tanks from overpressure incidents. The chemical processing industry relies on these valves to safeguard reactors, distillation columns, and storage vessels handling hazardous materials. Power generation plants, both thermal and nuclear, utilize them in boilers, turbines, and heat exchangers to prevent equipment damage and ensure operational safety. Water and wastewater treatment facilities employ these valves in pumping systems and filtration units to manage pressure fluctuations. Additionally, they are used in pharmaceutical manufacturing, food and beverage processing, and HVAC systems, highlighting their versatility. Each application demands specific valve characteristics, such as corrosion resistance, set pressure accuracy, and material compatibility, driving continuous product development and customization.

Regional Insights

The demand for pilot operated pressure relief valves varies significantly across regions, influenced by industrial activity, regulatory frameworks, and economic conditions. North America holds a substantial market share, driven by well-established oil and gas, chemical, and power industries, along with strict safety regulations enforced by bodies like OSHA and EPA. The presence of major valve manufacturers and technological advancements further supports market growth. Europe follows closely, with strong demand from the chemical processing, pharmaceutical, and energy sectors, supported by rigorous EU safety standards. The Asia-Pacific region is experiencing rapid growth due to expanding industrialization, infrastructure development, and increasing investments in oil refineries, power plants, and water management projects in countries like China, India, and Southeast Asian nations. Latin America and the Middle East & Africa also contribute to market growth, fueled by oil and gas exploration activities and industrial expansion, though these regions may face challenges related to economic instability and infrastructure limitations.

Company Insights

Several key players dominate the pilot operated pressure relief valves market, leveraging their expertise, innovation, and global reach to serve diverse industrial customers. Emerson Electric Co., through its brands like Crosby and Anderson Greenwood, offers a wide range of high-performance valves known for reliability and compliance with international standards. Curtiss-Wright Corporation, with its Farris Engineering division, specializes in advanced pressure relief solutions for critical applications in energy and defense sectors. IMI PLC provides innovative valve technologies under its IMI Critical Engineering portfolio, focusing on precision and durability for harsh environments. Other notable companies include LESER GmbH & Co. KG, which is renowned for its safety valve expertise, and Bosch Rexroth AG, offering integrated fluid power solutions. These companies invest heavily in research and development to introduce new products, enhance material science, and incorporate digital features, ensuring they remain competitive and responsive to evolving market demands.

Recent Developments

The pilot operated pressure relief valves market has witnessed several significant developments in recent years, reflecting industry trends toward digitalization, sustainability, and enhanced safety. Leading manufacturers have introduced smart valves equipped with sensors and connectivity features, enabling real-time monitoring, predictive maintenance, and data analytics for improved operational efficiency. There is a growing emphasis on developing valves with reduced emissions and enhanced environmental performance, aligning with global sustainability goals. Companies are also expanding their production capacities and strengthening their distribution networks in high-growth regions like Asia-Pacific to capture emerging opportunities. Strategic collaborations and acquisitions have been prominent, such as partnerships between valve manufacturers and technology firms to integrate IoT capabilities. Additionally, advancements in additive manufacturing and 3D printing are being explored to produce complex valve components with greater precision and reduced lead times, showcasing the industry's commitment to innovation and customer-centric solutions.

Report Segmentation

This comprehensive market research report on pilot operated pressure relief valves is segmented to provide detailed insights into various aspects of the industry. The segmentation includes analysis by valve type, covering conventional pilot operated, balanced bellows, and specialized variants to address different operational needs. Application segmentation examines usage across key industries such as oil and gas, chemical processing, power generation, water treatment, and others, highlighting specific requirements and growth prospects. Regional segmentation offers a geographical perspective, evaluating market dynamics in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, including factors like regulatory environment, industrial base, and economic trends. The report also features competitive landscape segmentation, profiling major players, their market strategies, product offerings, and recent developments. This structured approach ensures that readers gain a holistic understanding of the market, enabling informed decision-making for businesses, professionals, and stakeholders involved in the manufacturing and construction sectors.

FAQs

What is a pilot operated pressure relief valve? A pilot operated pressure relief valve is a type of safety valve that uses system pressure controlled by a pilot mechanism to open and close the main valve, providing precise overpressure protection with minimal leakage and reliable reseating.

How does a pilot operated pressure relief valve work? It operates by using a pilot valve that senses system pressure; when pressure exceeds the set point, the pilot opens, reducing pressure on top of the main valve piston or diaphragm, allowing the main valve to open and relieve excess pressure.

What are the advantages of pilot operated pressure relief valves? Advantages include higher accuracy in set pressure, ability to handle high capacities and pressures, tight sealing to prevent leakage, minimal chatter, and suitability for variable backpressure conditions compared to spring-loaded valves.

Where are pilot operated pressure relief valves commonly used? They are commonly used in industries such as oil and gas refineries, chemical plants, power generation facilities, water treatment systems, and pharmaceutical manufacturing where reliable overpressure protection is critical.

What maintenance is required for these valves? Regular maintenance includes inspection for corrosion, testing set pressure accuracy, checking for leaks, and ensuring the pilot mechanism is clean and functional, often following manufacturer guidelines and industry standards like API 576.

How do pilot operated valves differ from spring-loaded valves? Unlike spring-loaded valves that rely directly on spring force, pilot operated valves use system pressure via a pilot circuit for control, offering better precision, higher capacity, and improved performance under backpressure conditions.

Citius Research has developed a research report titled “Pilot Operated Pressure Relief Valves 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

• Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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.

Pilot Operated Pressure Relief Valves Market Segmentation

Market Segmentation

Regions Covered

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

Pilot Operated Pressure Relief Valves Market Analysis

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

• Overview of Pilot Operated Pressure Relief Valves Market
• Research Methodology
• Executive Summary
• Market Dynamics of Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves Market
• Cost and Gross Margin Analysis of Pilot Operated Pressure Relief Valves Market
• Pilot Operated Pressure Relief Valves 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 “Pilot Operated Pressure Relief Valves 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.

Pilot Operated Pressure Relief Valves Market Key Stakeholders

Below are the key stakeholders for the Pilot Operated Pressure Relief Valves Market:

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

Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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 Pilot Operated Pressure Relief Valves 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.

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