Chemical Oxygen Demand Analyzers Market
Chemical Oxygen Demand Analyzers Market Forecasts to 2030 - Global Analysis By Type (Benchtop, Online and Portable), Application (Drinking Water, Ground Water, Industrial and Municipal Wastewater, Seawater and Other Applications), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $297.29 MN |
|
Projected Year Value (2030) |
US $554.02 MN |
|
CAGR (2023 – 2030) |
9.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Chemical Oxygen Demand Analyzers Market is accounted for $297.29 million in 2023 and is expected to reach $554.02 million by 2030 growing at a CAGR of 9.3% during the forecast period. The capacity of a water sample to deplete oxygen when contaminated with organic waste is determined by a chemical oxygen demand analysis. It measures, specifically, the equivalent volume of oxygen needed to chemically oxidize organic compounds in water. Pollutant concentrations in water, wastewater, and aqueous hazardous wastes are frequently assessed using the chemical oxygen demand method. As a gauge of the organic and inorganic materials present in water bodies as well as municipal and industrial wastes' susceptibility to oxidation, chemical oxygen demand is frequently used.
According to a report published by Central Pollution Control Board (CPCB) in 2021, India’s current water treatment capacity is 27.3% and the sewage treatment capacity is 18.6% (with another 5.2 % capacity being added).
Market Dynamics:
Driver:
Wide adoption of COD analyzers in drinking water
The chemical oxygen demand analyzer market is driven by the use of COD analyzers in industrial, surface, and drinking water. In order to ensure environmental security, public health, and clean water, these analyzers assess and remove toxins from wastewater, groundwater, surface water, and drinking water. Providing on-site water quality monitoring and real-time analysis, portable COD analyzers and computer-connected online analyzers are driving market expansion. Additionally, the accuracy and efficiency of water and wastewater analysis are being improved by new sensor technologies.
Restraint:
High costs
Due to their high price, some businesses and organizations cannot compete with less expensive chemical oxygen demand analyzers. A chemical oxygen demand analyzer can run into the several thousand-dollar range, depending on its features and capabilities. Smaller businesses and organizations might not be able to cover this cost. The limited lifespan of chemical oxygen demand analyzers and technical competition from alternative methods of assessing organic matter in water and wastewater are additional challenges faced by market participants.
Opportunity:
Support from governments and environmental agencies
To guarantee the quality of water bodies and the secure discharge of wastewater, governments and environmental organizations around the world have put strict regulations into place. Limits on COD levels are frequently included in these regulations. Industries and municipalities need COD analyzers to monitor and regulate COD levels in their effluents in order to comply with these regulations. Businesses need COD analyzers to streamline operations and lessen their environmental impact, which will help the market expand.
Threat:
Limited technical knowledge
Chemical oxygen demand analyzers require specialized training and knowledge to operate and maintain. Analyzers for chemical oxygen demand must be frequently calibrated and maintained, which can be expensive. Without chemical oxygen demand analyzer expertise, businesses and organizations might need to hire a consultant or service provider, which would raise the overall cost of ownership. Reagents and test kits, which may be in short supply, can also have a negative impact on a company's ability to use a chemical oxygen demand analyzer.
Covid-19 Impact
The chemical oxygen demand analyzer market was significantly impacted by the COVID-19 outbreak. Global supply chains were hampered by the pandemic, and many industries saw a decline in demand for goods and services. The decline in consumer spending, particularly in the first half of 2020, was one of COVID-19's biggest effects on the chemical oxygen demand analyzer market. Due to labor shortages, traffic restrictions, and raw material shortages, many manufacturers experienced production halts and delays. The market was further impacted by these disruptions as there was a decrease in the availability of chemical oxygen demand analyzer products.
The environmental monitoring segment is expected to be the largest during the forecast period
As governments and regulatory bodies around the world concentrate on wastewater treatment and environmental preservation, environmental monitoring is anticipated to hold the largest market share. Water treatment facilities can use chemical oxygen demand analyzers to gather data over time, analyze trends, and make defensible decisions about process improvements, upkeep, and system performance. Moreover, the need for chemical oxygen demand analyzers in this market is being driven by stricter regulations governing water quality.
The drinking water segment is expected to have the highest CAGR during the forecast period
The drinking water segment is anticipated to grow at the highest CAGR during the forecast period. Chemical oxygen demand analyzers are used to determine the amount of organics in drinking water. Chemical dosing and aeration processes are managed in water treatment facilities by chemical oxygen demand analyzers. Operators can optimize treatment efficiency and effectively remove organic impurities by continuously measuring chemical oxygen demand and adjusting the addition of chemicals and oxygen. Furthermore, chemical oxygen demand analyzers are also used to check that treated water complies with these requirements, offering a crucial method of compliance oversight.
Region with largest share:
The Asia-Pacific region is anticipated to hold the largest market share over the anticipated time frame due to the market's rapid growth for chemical oxygen demand analyzers. The demand for COD analyzers has significantly increased as a result of the expansion of environmental regulations throughout many Asia-Pacific nations. Governments are putting more emphasis on managing water quality and reducing pollution. Moreover, the demand for dependable water and wastewater treatment systems has also increased due to the region's growing urbanization and population, which is expanding the market in this region.
Region with highest CAGR:
In North America, there has been significant growth in the market for chemical oxygen demand analyzers during the forecast period. The demand for COD analyzers has been driven by environmental awareness and strict regulations governing water quality and pollution control. COD analyzer technology has advanced due to the region's advanced industrial infrastructure and the presence of several significant players in the analytical instrument sector. These improvements have increased the instruments' precision, usability, and ability to adapt to different applications, which has further fueled market growth.
Key players in the market
Some of the key players profiled in the Chemical Oxygen Demand Analyzers Market include Beijing SDL Technology, DKK-TOA Corporation, Endress+Hauser, Focused Photonics Inc., Hach, Hangzhou Lohand Biological Technology Co., Ltd., Hanna Instruments, Hebei Sailhero, Horiba, Ltd., Korbi Co., Ltd., LaMotte, Lihe Technology, Lovibond, Man Tech, Shimadzu, Thermo Fisher Scientific, Uniphos Envirotronic and Xylem.
Key Developments:
In August 2023, Thermo Fisher Scientific Inc. the world leader in serving science, announced that it has completed the acquisition of CorEvitas, LLC (“CorEvitas”), a leading provider of regulatory-grade, real-world evidence for approved medical treatments and therapies, from Audax Private Equity (“Audax”), for $912.5 million in cash. Thermo Fisher announced the agreement to acquire CorEvitas on July 6, 2023.
In July 2023, Endress+Hauser has inaugurated its new premises at the Freiburg Innovation Center FRIZ. There, more than 70 employees of the Swiss group of companies specializing in measurement technology are involved in the development of new sensor technologies and software solutions. The various teams work closely together and are embedded in an innovative environment of research institutes, start-ups and other companies.
In December 2021, TOA-DKK Corporation decided to construct a new production building within the Sayama Technical Center in Sayama City, Saitama Prefecture, as a production base responsible for the mother function. This facility helps to speed up the development of new products to mass production. The new production building aims at net-zero energy buildings (ZEBs) for the realization of a decarbonization community.
Types Covered:
• Benchtop
• Online
• Portable
Applications Covered:
• Drinking Water
• Ground Water
• Industrial and Municipal Wastewater
• Seawater
• Other Applications
End Users Covered:
• Environmental Monitoring
• Food & Beverage Industry
• Pharmaceutical Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Chemical Oxygen Demand Analyzers Market, By Type
5.1 Introduction
5.2 Benchtop
5.3 Online
5.4 Portable
6 Global Chemical Oxygen Demand Analyzers Market, By Application
6.1 Introduction
6.2 Drinking Water
6.3 Ground Water
6.4 Industrial and Municipal Wastewater
6.5 Seawater
6.6 Other Applications
7 Global Chemical Oxygen Demand Analyzers Market, By End User
7.1 Introduction
7.2 Environmental Monitoring
7.3 Food & Beverage Industry
7.4 Pharmaceutical Industry
7.5 Other End Users
8 Global Chemical Oxygen Demand Analyzers Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Beijing SDL Technology
10.2 DKK-TOA Corporation
10.3 Endress+Hauser
10.4 Focused Photonics Inc.
10.5 Hach
10.6 Hangzhou Lohand Biological Technology Co., Ltd.
10.7 Hanna Instruments
10.8 Hebei Sailhero
10.9 Horiba, Ltd.
10.10 Korbi Co., Ltd.
10.11 LaMotte
10.12 Lihe Technology
10.13 Lovibond
10.14 Man Tech
10.15 Shimadzu
10.16 Thermo Fisher Scientific
10.17 Uniphos Envirotronic
10.18 Xylem
List of Tables
1 Global Chemical Oxygen Demand Analyzers Market Outlook, By Region (2021-2030) ($MN)
2 Global Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
3 Global Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
4 Global Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
5 Global Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
6 Global Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
7 Global Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
8 Global Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
9 Global Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
10 Global Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
11 Global Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
12 Global Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
13 Global Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
14 Global Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
15 Global Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
16 Global Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
17 North America Chemical Oxygen Demand Analyzers Market Outlook, By Country (2021-2030) ($MN)
18 North America Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
19 North America Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
20 North America Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
21 North America Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
22 North America Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
23 North America Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
24 North America Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
25 North America Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
26 North America Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
27 North America Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
28 North America Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
29 North America Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
30 North America Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
31 North America Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
32 North America Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
33 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Country (2021-2030) ($MN)
34 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
35 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
36 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
37 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
38 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
39 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
40 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
41 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
42 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
43 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
44 Europe Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
45 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
46 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
47 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
48 Europe Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
49 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
51 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
52 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
53 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
54 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
55 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
56 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
57 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
58 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
59 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
60 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
61 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
62 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
63 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
64 Asia Pacific Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
65 South America Chemical Oxygen Demand Analyzers Market Outlook, By Country (2021-2030) ($MN)
66 South America Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
67 South America Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
68 South America Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
69 South America Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
70 South America Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
71 South America Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
72 South America Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
73 South America Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
74 South America Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
75 South America Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
76 South America Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
77 South America Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
78 South America Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
79 South America Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
80 South America Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
81 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Type (2021-2030) ($MN)
83 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Benchtop (2021-2030) ($MN)
84 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Online (2021-2030) ($MN)
85 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Portable (2021-2030) ($MN)
86 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Drinking Water (2021-2030) ($MN)
88 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Ground Water (2021-2030) ($MN)
89 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Industrial and Municipal Wastewater (2021-2030) ($MN)
90 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Seawater (2021-2030) ($MN)
91 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Other Applications (2021-2030) ($MN)
92 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By End User (2021-2030) ($MN)
93 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
94 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
95 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
96 Middle East & Africa Chemical Oxygen Demand Analyzers Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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