Steam Jet Ejector 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: CR0207934
  • Format: Electronic (PDF)
  • Number of Pages: 219
  • Author(s): Joshi, Madhavi

Report Overview

The Steam Jet Ejector Market size was estimated at USD 580 million in 2023 and is projected to reach USD 870 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Steam Jet Ejector Market

(Market Size)
$580 million
$870 million
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 580 million
2030 Market Size USD 870 million
Key Players Graham, Croll Reynolds, Schutte & Koerting, K?rting, GEA

Market Summary

The steam jet ejector market is an integral component within the manufacturing and construction sectors, providing essential vacuum generation and fluid handling solutions. These systems operate on the ejector principle, utilizing high-pressure steam to create suction and move gases, vapors, or liquids without any moving parts, ensuring reliability and low maintenance. They are widely deployed across chemical processing, power generation, pharmaceuticals, food and beverage, and other industrial applications requiring efficient and robust vacuum systems. The market is characterized by steady demand driven by industrialization, process efficiency needs, and the replacement of older technologies. Key manufacturers focus on innovation to enhance ejector performance, energy efficiency, and adaptability to diverse operational conditions. With industries increasingly prioritizing operational cost reduction and sustainability, steam jet ejectors are valued for their simplicity, durability, and ability to handle corrosive or hazardous media. The market sees consistent growth influenced by industrial expansion and technological upgrades, particularly in emerging economies.

Key Highlights

The steam jet ejector market is distinguished by several key attributes that underscore its importance in industrial applications. These systems offer significant advantages including no moving parts, which minimizes wear and tear and reduces maintenance requirements. They are capable of handling wet, corrosive, and hazardous gases, making them suitable for challenging environments in sectors like chemicals and petrochemicals. Energy efficiency remains a focal point, with advancements aimed at optimizing steam consumption and improving ejector design to lower operational costs. Customization is another highlight, as manufacturers provide tailored solutions to meet specific process requirements, such as multi-stage ejectors for higher vacuum levels. The market is also witnessing integration with modern control systems for better monitoring and automation. Leading companies like Croll Reynolds, Graham, and Schutte & Koerting are at the forefront, driving innovation and setting industry standards. These factors collectively enhance the reliability and adoption of steam jet ejectors across global industrial landscapes.

Drivers, Opportunities & Restraints

The steam jet ejector market is propelled by several drivers, including the expanding manufacturing and construction industries which require efficient vacuum systems for processes like distillation, drying, and degassing. The need for energy-efficient and low-maintenance solutions compared to mechanical alternatives boosts demand, as industries seek to reduce operational costs and downtime. Environmental regulations encouraging sustainable practices also drive adoption, as ejectors can be designed for minimal steam usage and waste. Opportunities abound in emerging economies where industrialization is rapid, offering new markets for ejector applications. Technological advancements present opportunities for hybrid systems that combine ejectors with other technologies for enhanced performance. However, restraints include high initial steam generation costs and the availability of alternative vacuum technologies like liquid ring pumps and dry screw pumps, which may be preferred in certain applications. Economic fluctuations and reduced industrial activity can also impede market growth, necessitating continuous innovation and cost optimization from manufacturers.

Concentration Insights

The steam jet ejector market exhibits a concentrated landscape with a mix of global players and specialized manufacturers dominating the industry. Key companies such as Croll Reynolds, Graham, and Schutte & Koerting hold significant market shares due to their extensive product portfolios, technological expertise, and strong global presence. These leaders focus on research and development to introduce advanced ejector systems that cater to diverse industrial needs, from single-stage to multi-stage configurations. The market concentration is also influenced by strategic partnerships, mergers, and acquisitions, which help companies expand their reach and enhance their capabilities. Regional players contribute to competition by offering cost-effective solutions and localized support, particularly in emerging markets. This concentration fosters a competitive environment that drives innovation, quality improvement, and customer-centric approaches, ensuring that the market remains dynamic and responsive to evolving industry requirements.

Type Insights

Steam jet ejectors are categorized into various types based on their design and functionality, each suited to specific industrial applications. Single-stage ejectors are commonly used for applications requiring moderate vacuum levels, offering simplicity and cost-effectiveness. Multi-stage ejectors, comprising two or more stages in series, are employed for higher vacuum requirements, such as in chemical processing and power plants, where deeper vacuums are necessary. Condensing and non-condensing ejectors represent another classification; condensing types utilize condensers to handle vapor loads efficiently, while non-condensing types are simpler and used for non-condensable gases. Ejectors can also be differentiated by their material construction, with stainless steel, carbon steel, and exotic alloys used to withstand corrosive environments. Custom-designed ejectors are available for specialized applications, ensuring optimal performance. This diversity in types allows industries to select ejectors that best match their operational needs, enhancing efficiency and reliability.

Application Insights

Steam jet ejectors find extensive applications across multiple industries within the manufacturing and construction sectors. In the chemical industry, they are used for vacuum distillation, evaporation, and reactor charging, handling aggressive and hazardous gases safely. The power generation sector employs ejectors for condenser air removal and turbine gland sealing, ensuring efficient plant operation. Pharmaceuticals and food processing utilize these systems for drying, sterilization, and material handling, where cleanliness and reliability are paramount. In construction and environmental applications, ejectors aid in wastewater treatment, soil remediation, and pneumatic conveying. The oil and gas industry uses them for vapor recovery and vacuum crude distillation. Each application leverages the ejector's ability to provide consistent vacuum without contamination, making them indispensable in processes requiring high hygiene standards or dealing with difficult media. This broad applicability underscores the versatility and critical role of steam jet ejectors in industrial operations.

Regional Insights

The steam jet ejector market demonstrates varied dynamics across different regions, influenced by industrialization levels and economic activities. North America and Europe are mature markets characterized by high adoption in established industries like chemicals, pharmaceuticals, and power generation, with a focus on technological upgrades and energy efficiency. The Asia-Pacific region is a rapidly growing market, driven by industrialization in countries such as China, India, and Southeast Asian nations, where expanding manufacturing sectors boost demand for ejector systems. Latin America and the Middle East & Africa show potential growth due to developments in oil & gas and construction industries. Regional factors like availability of steam sources, environmental regulations, and infrastructure development shape market trends. Manufacturers tailor their strategies to address regional needs, offering localized products and services to capitalize on growth opportunities and cater to diverse industrial landscapes.

Company Insights

Prominent companies in the steam jet ejector market include Croll Reynolds, Graham, Schutte & Koerting, and Transvac, among others. These industry leaders are renowned for their innovative ejector designs, extensive experience, and comprehensive solutions that address various industrial requirements. Croll Reynolds is noted for its high-efficiency ejectors and systems for chemical and process industries. Graham specializes in ejectors for power generation and oil & gas applications, emphasizing reliability and performance. Schutte & Koerting offers a wide range of ejectors for diverse sectors, including pharmaceuticals and food processing. These companies invest in research and development to enhance product offerings, focusing on energy savings, material advancements, and custom engineering. Their strong global presence, supported by distribution networks and customer service, ensures market leadership. Collaboration with end-users for tailored solutions and adherence to international standards further strengthens their competitive positioning in the industry.

Recent Developments

Recent developments in the steam jet ejector market highlight trends toward innovation and sustainability. Manufacturers are introducing ejectors with improved designs for higher efficiency and reduced steam consumption, addressing energy cost concerns. Integration with digital technologies, such as IoT-enabled monitoring systems, allows for real-time performance tracking and predictive maintenance, enhancing operational reliability. There is a growing emphasis on using advanced materials like duplex stainless steels and super alloys to extend equipment life in corrosive environments. Companies are also expanding their product portfolios to include hybrid systems that combine ejectors with other vacuum technologies for optimized performance. Strategic acquisitions and partnerships have been observed, enabling firms to broaden their geographic reach and technological capabilities. Environmental considerations drive developments in ejectors for applications like carbon capture and waste treatment, aligning with global sustainability goals. These advancements reflect the market's evolution toward smarter, more efficient, and eco-friendly solutions.

Report Segmentation

The steam jet ejector market report is segmented to provide detailed analysis across various dimensions. By type, segmentation includes single-stage, multi-stage, condensing, and non-condensing ejectors, each catering to different vacuum needs and applications. Application-based segmentation covers industries such as chemicals, power generation, pharmaceuticals, food & beverage, oil & gas, and construction, highlighting specific use cases and demand patterns. Geographically, the report is divided into regions like North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, offering insights into regional market dynamics, growth drivers, and challenges. Additional segmentation may focus on material types, such as carbon steel, stainless steel, and exotic alloys, addressing corrosion resistance and durability requirements. This comprehensive segmentation enables a thorough understanding of market trends, helping stakeholders identify opportunities and make informed decisions based on specific industry or regional focuses.

FAQs

What is a steam jet ejector and how does it work? A steam jet ejector is a device that uses high-pressure steam to create a vacuum by converting pressure energy into velocity energy, entraining gases or vapors and discharging them against a counter pressure. It operates on the ejector principle without moving parts, ensuring reliability.

What are the advantages of using steam jet ejectors? Advantages include no moving parts reducing maintenance, ability to handle corrosive and hazardous media, simplicity in design, and suitability for high-capacity vacuum applications where reliability is critical.

In which industries are steam jet ejectors commonly used? They are widely used in chemicals, power generation, pharmaceuticals, food processing, oil & gas, and construction for applications like distillation, drying, and vacuum systems.

What are the main types of steam jet ejectors? Main types include single-stage for moderate vacuum, multi-stage for higher vacuum levels, and condensing or non-condensing variants based on the presence of condensers.

How do steam jet ejectors compare to mechanical vacuum pumps? Steam jet ejectors offer lower maintenance and better handling of wet or corrosive gases but may have higher steam consumption, whereas mechanical pumps provide efficiency in specific conditions but with more moving parts.

What materials are used in constructing steam jet ejectors? Common materials include carbon steel, stainless steel, and exotic alloys like Hastelloy, chosen for corrosion resistance and durability in harsh industrial environments.

Citius Research has developed a research report titled “Steam Jet Ejector 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

• Steam Jet Ejector 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 Steam Jet Ejector 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.

Steam Jet Ejector Market Segmentation

Market Segmentation

Regions Covered

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

Steam Jet Ejector Market Analysis

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

• Overview of Steam Jet Ejector Market
• Research Methodology
• Executive Summary
• Market Dynamics of Steam Jet Ejector 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 Steam Jet Ejector Market
• Cost and Gross Margin Analysis of Steam Jet Ejector Market
• Steam Jet Ejector 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 “Steam Jet Ejector 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.

Steam Jet Ejector Market Key Stakeholders

Below are the key stakeholders for the Steam Jet Ejector Market:

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

Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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 Steam Jet Ejector 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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