Scroll Chiller 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: CR0207891
  • Format: Electronic (PDF)
  • Number of Pages: 218
  • Author(s): Joshi, Madhavi

Report Overview

The Scroll Chiller Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 4.75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Scroll Chiller Market

(Market Size)
$3.2 billion
$4.75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 3.2 billion
2030 Market Size USD 4.75 billion
Key Players Trane, Carrier, Johnson Controls, Daikin, LG

Market Summary

The scroll chiller market is an integral segment within the broader HVAC and refrigeration industry, primarily serving the manufacturing and construction sectors. These systems are essential for providing efficient and reliable cooling solutions in various industrial and commercial settings. The market is characterized by the demand for energy-efficient and environmentally sustainable cooling technologies, driven by stringent regulatory standards and the global push towards reducing carbon footprints. Key end-users include data centers, pharmaceutical companies, food and beverage processing plants, and large commercial buildings, all of which require precise temperature control for operational efficiency and product integrity. Technological advancements, such as the integration of IoT and smart controls, are further enhancing the functionality and appeal of scroll chillers. The market is competitive, with numerous established players and new entrants striving to innovate and capture market share through product differentiation and strategic partnerships.

Key Highlights

The scroll chiller market is distinguished by several key highlights that underscore its growth and evolution. Energy efficiency remains a paramount focus, with manufacturers increasingly developing units that comply with international energy standards and utilize low-global warming potential (GWP) refrigerants. The adoption of variable speed drive technology in scroll compressors is a significant trend, allowing for better part-load performance and substantial energy savings. Another highlight is the growing preference for air-cooled scroll chillers in regions with water scarcity issues, due to their lower water consumption compared to water-cooled variants. The market is also witnessing a surge in demand from the Asia-Pacific region, fueled by rapid industrialization and infrastructure development. Furthermore, the integration of advanced monitoring and diagnostic systems enables predictive maintenance, reducing downtime and operational costs for end-users.

Drivers, Opportunities & Restraints

Several drivers are propelling the scroll chiller market forward. The primary driver is the escalating demand for energy-efficient cooling systems across the manufacturing and construction industries, motivated by rising energy costs and environmental regulations. The expansion of data centers globally, necessitating precise and reliable cooling, is another significant driver. Opportunities abound in the development of green buildings and sustainable infrastructure projects, which prioritize HVAC systems with low environmental impact. The retrofitting of existing cooling systems with modern scroll chillers presents a substantial market opportunity. However, the market faces restraints, including the high initial investment required for advanced scroll chiller units, which can deter small and medium enterprises. Additionally, economic fluctuations and supply chain disruptions can impact market growth, while the complexity of installation and maintenance requires skilled technicians, posing a challenge in regions with a shortage of qualified personnel.

Concentration Insights

The scroll chiller market exhibits a concentrated competitive landscape, dominated by a few major players who hold significant market share. Companies such as Johnson Controls, Trane Technologies, Carrier Global Corporation, and Daikin Industries are at the forefront, leveraging their extensive product portfolios, strong distribution networks, and robust research and development capabilities. These industry leaders focus on strategic initiatives like mergers and acquisitions, partnerships, and new product launches to strengthen their market position. There is also a presence of numerous regional and local manufacturers who cater to specific geographic markets or niche applications, often competing on price and customization. The market concentration is influenced by technological expertise, brand reputation, and the ability to offer comprehensive after-sales service and support, which are critical factors for end-users in the manufacturing and construction sectors.

Type Insights

The scroll chiller market is segmented primarily into air-cooled and water-cooled types, each catering to distinct application needs and environmental conditions. Air-cooled scroll chillers are highly popular due to their easier installation, lower maintenance requirements, and suitability for areas where water is scarce or expensive. They are commonly used in small to medium-sized commercial buildings and industrial processes. Water-cooled scroll chillers, on the other hand, are known for their higher efficiency and quieter operation, making them ideal for large-scale industrial applications and facilities where heat rejection is a critical concern, such as in high-density data centers. The choice between air-cooled and water-cooled systems often depends on factors like local climate, water availability, space constraints, and overall lifecycle costs, with manufacturers continuously innovating to improve the efficiency and reliability of both types.

Application Insights

Scroll chillers find diverse applications across the manufacturing and construction industries, underscoring their versatility and critical role in operational continuity. In the manufacturing sector, they are indispensable for process cooling in industries such as plastics, where precise temperature control is vital during injection molding and extrusion processes. The food and beverage industry relies on scroll chillers for refrigeration in processing and storage to maintain product quality and safety. Within construction, these systems are integral to HVAC solutions in commercial buildings, including offices, hospitals, and shopping malls, ensuring occupant comfort. The rapid growth of data centers has emerged as a major application area, where scroll chillers provide the necessary cooling to prevent server overheating and ensure uninterrupted operation. Other significant applications include pharmaceutical manufacturing and chemical processing, where stringent temperature regulations must be adhered to.

Regional Insights

The scroll chiller market demonstrates distinct regional dynamics, influenced by economic development, industrialization rates, and climatic conditions. North America and Europe are mature markets characterized by stringent energy efficiency regulations and a strong focus on replacing aging HVAC infrastructure with modern, efficient systems. The Asia-Pacific region is the fastest-growing market, driven by rapid urbanization, massive investments in infrastructure development, and the expansion of manufacturing activities in countries like China, India, and Southeast Asian nations. The Middle East and Africa present growing opportunities due to extreme climatic conditions necessitating robust cooling solutions, particularly in the commercial and industrial sectors. Latin America shows steady growth, fueled by industrial expansion and increasing awareness of energy-efficient technologies. Each region's regulatory landscape and economic health significantly impact market trends and adoption rates.

Company Insights

Prominent companies in the scroll chiller market are continuously evolving their strategies to maintain competitiveness and address evolving customer demands. Johnson Controls offers a wide range of YORK scroll chillers known for their reliability and efficiency. Trane Technologies emphasizes sustainability with its EarthWise scroll chiller series, incorporating low-GWP refrigerants. Carrier Global Corporation focuses on innovation with its AquaForce scroll chillers, designed for high performance and reduced environmental impact. Daikin Industries is a key player, leveraging its expertise in inverter and VRV technology to enhance scroll chiller efficiency. Other significant contributors include Mitsubishi Electric Corporation, which integrates advanced controls for smart building management, and LG Electronics, known for its customizable solutions. These companies invest heavily in research and development to introduce energy-efficient models and expand their global footprint through strategic collaborations and acquisitions.

Recent Developments

The scroll chiller market has witnessed several noteworthy recent developments reflecting the industry's focus on innovation and sustainability. Leading manufacturers have launched new product lines featuring next-generation refrigerants with lower global warming potential to comply with evolving environmental regulations. There is a growing trend towards the development of chillers with enhanced connectivity features, allowing for integration with building management systems and IoT platforms for real-time monitoring and optimization. Strategic acquisitions and partnerships have been prominent, as companies seek to broaden their technological capabilities and market reach. For instance, several key players have acquired firms specializing in digital controls and energy management software. Additionally, there is increased emphasis on providing scalable and modular chiller solutions to cater to the diverse needs of various end-user segments, from small commercial spaces to large industrial facilities.

Report Segmentation

This comprehensive market research report on the scroll chiller market provides a detailed analysis segmented by various critical parameters to offer actionable insights. The report is segmented by type, distinguishing between air-cooled and water-cooled scroll chillers, each analyzed for their market dynamics and growth prospects. It is further segmented by application, covering key areas such as commercial buildings, industrial manufacturing, data centers, and healthcare facilities, highlighting the specific demands and trends within each sector. The capacity segment categorizes scroll chillers into small, medium, and large capacity ranges, addressing the needs of different scales of operation. Geographically, the report offers a thorough regional analysis, examining market performance and opportunities in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This multi-faceted segmentation enables a granular understanding of the market, catering to the strategic planning needs of industry stakeholders.

FAQs

What is a scroll chiller? A scroll chiller is a type of refrigeration system that uses scroll compressor technology to provide cooling for air or liquids. It is widely used in commercial and industrial applications for air conditioning and process cooling due to its efficiency, reliability, and compact design.

How does a scroll chiller work? A scroll chiller operates by using two spiral-shaped scrolls?one fixed and one orbiting?to compress refrigerant. This compression process raises the refrigerant's pressure and temperature, after which it is condensed and expanded to absorb heat from the process fluid or air, thereby providing cooling.

What are the advantages of scroll chillers? Scroll chillers offer several advantages, including higher energy efficiency, especially at part-load conditions, quieter operation compared to other compressor types, reduced maintenance requirements due to fewer moving parts, and a compact footprint, making them suitable for space-constrained installations.

What is the difference between air-cooled and water-cooled scroll chillers? The primary difference lies in the method of heat rejection. Air-cooled scroll chillers use ambient air to reject heat from the system via fans and condensers, while water-cooled models use water and a cooling tower for heat rejection. Air-cooled units are generally easier to install but may be less efficient in very hot climates, whereas water-cooled units are more efficient but require a water source and more maintenance.

Where are scroll chillers commonly used? Scroll chillers are commonly used in a variety of settings, including commercial buildings like offices and hospitals for air conditioning, industrial facilities for process cooling in plastics manufacturing, food and beverage processing, pharmaceutical production, and increasingly in data centers to cool IT equipment.

What maintenance is required for a scroll chiller? Regular maintenance for a scroll chiller includes checking and cleaning condenser and evaporator coils, monitoring refrigerant levels and pressure, inspecting electrical connections and components, and ensuring the proper operation of fans and pumps. Predictive maintenance using IoT sensors is also becoming common to anticipate issues before they cause downtime.

Citius Research has developed a research report titled “Scroll Chiller 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

• Scroll Chiller 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 Scroll Chiller 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.

Scroll Chiller Market Segmentation

Market Segmentation

Regions Covered

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

Scroll Chiller Market Analysis

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

• Overview of Scroll Chiller Market
• Research Methodology
• Executive Summary
• Market Dynamics of Scroll Chiller 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 Scroll Chiller Market
• Cost and Gross Margin Analysis of Scroll Chiller Market
• Scroll Chiller 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 “Scroll Chiller 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.

Scroll Chiller Market Key Stakeholders

Below are the key stakeholders for the Scroll Chiller Market:

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

Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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 Scroll Chiller 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