Pumps Market
PUBLISHED: 2024 ID: SMRC25731
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Pumps Market

Pumps Market Forecasts to 2030 - Global Analysis By Pump Type (Centrifugal Pumps and Positive Displacement Pumps), By Application (Water & Wastewater Treatment, Agriculture, Chemical, Industrial and Other Applications) and By Geography

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4.8 (24 reviews)
Published: 2024 ID: SMRC25731

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Pumps Market is accounted for $51.6 billion in 2023 and is expected to reach $78.7 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Pumps are mechanical devices designed to move fluids, such as liquids or gases, from one place to another. They operate by applying mechanical force to the fluid, typically through rotary or reciprocating motion, creating pressure or suction to facilitate the fluid's flow. Pumps are widely used in various applications, including water supply, wastewater treatment, oil and gas production, and industrial processes.

According to the IEA, pumps are responsible for approximately 10% of global electricity consumption.

Market Dynamics: 

Driver: 

Expansion of industries globally

As industries expand across various sectors such as manufacturing, oil and gas, water and wastewater, and construction, there is a growing demand for pumping equipment to facilitate processes like fluid transfer, circulation, and pressure regulation. This expansion drives the need for efficient and reliable pumping solutions to support industrial operations, infrastructure development, and resource management, thereby creating opportunities for pump manufacturers to cater to diverse and expanding market segments worldwide.

Restraint:

High initial investment required for advanced pump technologies

Advanced technologies offer benefits like increased efficiency, reliability, and automation, but their adoption is hindered by the substantial upfront costs involved in research, development, and implementation. This financial barrier may deter smaller players or budget-constrained industries from investing in cutting-edge pump solutions, limiting market penetration and potentially slowing down the overall advancement and innovation within the industry. 

Opportunity:

Growing emphasis on water conservation and wastewater treatment

The growing emphasis on water conservation and wastewater treatment presents a significant opportunity in the pumps market. As societies worldwide prioritize sustainability and environmental stewardship, there's an increasing demand for pumps that can efficiently manage water resources and facilitate wastewater treatment processes. Pump manufacturers can capitalize on this trend by developing and offering innovative solutions designed to optimize water usage, reduce waste, and enhance treatment efficiency. This presents fertile ground for growth and expansion in the pump market, particularly for companies specializing in environmentally friendly and water-saving technologies.

Threat:

Environmental concerns related to energy consumption and emissions

Environmental concerns regarding energy consumption and emissions represent a notable threat to the pumps market. As industries strive for sustainability and regulatory bodies impose stricter environmental standards, there's growing pressure to reduce energy usage and minimize carbon emissions associated with pump operations. Pumps are significant consumers of energy, especially in applications such as water distribution, wastewater treatment, and oil extraction. Failure to address these concerns not only leads to increased operating costs but also poses reputational risks for companies, potentially resulting in the loss of business opportunities and market share.

Covid-19 Impact: 

The COVID-19 pandemic had a mixed impact on the pumps market. Initially, disruptions in supply chains and construction activities led to decreased demand for pumps across various industries. However, as economies began to recover, increased investments in infrastructure projects, healthcare facilities, and water treatment systems bolstered demand for pumps. Additionally, the shift towards remote monitoring and automation accelerated the adoption of smart pumping solutions.

The centrifugal pumps segment is expected to be the largest during the forecast period

In the pumps market, the centrifugal pumps segment is anticipated to dominate during the forecast period. This is attributed to their widespread application across various industries such as water and wastewater management, oil and gas, power generation, and chemical processing. Centrifugal pumps offer advantages like high efficiency, ease of operation, and versatility in handling different fluids and flow rates. Additionally, ongoing advancements in centrifugal pump technology, including the development of more efficient and durable designs, further drive their market dominance.

The water & wastewater treatment segment is expected to have the highest CAGR during the forecast period

The water and wastewater treatment segment is poised to experience lucrative growth during the forecast period in the pumps market. This is primarily due to increasing global concerns regarding water scarcity, pollution, and the need for efficient water management solutions. Growing urbanization, industrialization, and stringent environmental regulations are driving investments in water and wastewater treatment infrastructure, thus boosting the demand for pumps tailored to these applications.

Region with largest share:

The Asia Pacific region is poised to lead the pumps market during the forecast period due to rapid industrialization, urbanization, and infrastructural development in countries like China, India, and Southeast Asian nations, which are driving significant demand for pumps across various sectors such as water and wastewater management, manufacturing, and construction. Additionally, government initiatives to improve access to clean water and upgrade infrastructure further bolster pump demand in the region, solidifying its position as a key market player.

Region with highest CAGR:

The North American region is positioned for significant growth in the pumps market due to several factors. These include increasing investments in infrastructure projects, particularly in sectors such as water and wastewater management, oil and gas exploration, and industrial manufacturing. Additionally, stringent environmental regulations driving the demand for energy-efficient and eco-friendly pumping solutions contribute to market expansion. Moreover, technological advancements and the adoption of smart pumping systems further stimulate growth opportunities in the North American pumps market.

Key players in the market

Some of the key players in Pumps Market include Ebara Corporation, Flowserve Corporation, Gorman-Rupp, Grundfos, Ingersoll Rand, ITT INC., IWAKI Co. Ltd, KSB SE & Co. KGaA, MCE - Motion & Control Enterprises, LLC, Pentair, Schlumberger Ltd, SLB, SPX FLOW, Inc, Sulzer Ltd, The Weir Group PLC, Vaughan Company and Xylem.

Key Developments:
 
In February 2023, Motion & Control Enterprises completed the acquisition of Precision Pump & Valve, an established distributor specializing in safety relief and control valves, pumps, and associated equipment. Precision Pump & Valve is renowned for providing tailored solutions to the oil and gas, petrochemical, and chemical processing markets.

In March 2023, Gorman Rupp Europe announced the launch of its new rental pump platform. The platform, which the business introduced in February in the Netherlands, intends to provide ""faster, easier, and more reliable"" pump renting. The platform has a 10-step pump picker tool that can suggest the best pump for a certain project.

In December 2022, the new in-line pump model 3E/3ES was introduced by EBARA Pumps Europe S.p.A. in Gambellara, Italy, for markets worldwide excluding Japan. To further seek efficiency and innovation, the EBARA Group will concentrate on product development.

Pump Types Covered:
• Centrifugal Pumps
• Positive Displacement Pumps

Applications Covered:
• Water & Wastewater Treatment
• Agriculture
• Chemical
• Industrial
• Oil & Gas
• Power Generation
• Other Applications

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
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 Emerging Markets    
 3.8 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 Pumps Market, By Pump Type     
 5.1 Introduction    
 5.2 Centrifugal Pumps    
  5.2.1 Single Stage Centrifugal Pumps   
  5.2.2 Multi-Stage Centrifugal Pumps   
  5.2.3 Axial Flow Centrifugal Pumps   
  5.2.4 Radial Flow Centrifugal Pumps   
  5.2.5 Mixed Flow Centrifugal Pumps   
 5.3 Positive Displacement Pumps    
  5.3.1 Reciprocating Pumps   
   5.3.1.1 Piston Pumps  
   5.3.1.2 Diaphragm Pumps  
  5.3.2 Rotary Pumps   
   5.3.2.1 Gear Pumps  
   5.3.2.2 Vane Pumps  
   5.3.2.3 Screw Pumps  
   5.3.2.4 Peristaltic Pumps  
  5.3.3 Other Positive Displacement Pumps   
   5.3.3.1 Progressive Cavity Pumps  
   5.3.3.2 Lobe Pumps  
      
6 Global Pumps Market, By Application     
 6.1 Introduction    
 6.2 Water & Wastewater Treatment    
 6.3 Agriculture    
 6.4 Chemical    
 6.5 Industrial    
 6.6 Oil & Gas    
 6.7 Power Generation    
 6.8 Other Applications    
      
7 Global Pumps Market, By Geography     
 7.1 Introduction    
 7.2 North America    
  7.2.1 US   
  7.2.2 Canada   
  7.2.3 Mexico   
 7.3 Europe    
  7.3.1 Germany   
  7.3.2 UK   
  7.3.3 Italy   
  7.3.4 France   
  7.3.5 Spain   
  7.3.6 Rest of Europe   
 7.4 Asia Pacific    
  7.4.1 Japan   
  7.4.2 China   
  7.4.3 India   
  7.4.4 Australia   
  7.4.5 New Zealand   
  7.4.6 South Korea   
  7.4.7 Rest of Asia Pacific   
 7.5 South America    
  7.5.1 Argentina   
  7.5.2 Brazil   
  7.5.3 Chile   
  7.5.4 Rest of South America   
 7.6 Middle East & Africa    
  7.6.1 Saudi Arabia   
  7.6.2 UAE   
  7.6.3 Qatar   
  7.6.4 South Africa   
  7.6.5 Rest of Middle East & Africa   
      
8 Key Developments     
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 8.2 Acquisitions & Mergers    
 8.3 New Product Launch    
 8.4 Expansions    
 8.5 Other Key Strategies    
      
9 Company Profiling     
 9.1 Ebara Corporation    
 9.2 Flowserve Corporation    
 9.3 Gorman-Rupp    
 9.4 Grundfos    
 9.5 Ingersoll Rand    
 9.6 ITT INC.    
 9.7 IWAKI Co. Ltd    
 9.8 KSB SE & Co. KGaA    
 9.9 MCE - Motion & Control Enterprises, LLC    
 9.10 Pentair    
 9.11 Schlumberger Ltd    
 9.12 SLB    
 9.13 SPX FLOW, Inc    
 9.14 Sulzer Ltd    
 9.15 The Weir Group PLC    
 9.16 Vaughan Company    
 9.17 Xylem    
      
List of Tables      
1 Global Pumps Market Outlook, By Region (2021-2030) ($MN)     
2 Global Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
3 Global Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
4 Global Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
5 Global Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
6 Global Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
7 Global Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
8 Global Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
9 Global Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
10 Global Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
11 Global Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
12 Global Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
13 Global Pumps Market Outlook, By Application (2021-2030) ($MN)     
14 Global Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
15 Global Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
16 Global Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
17 Global Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
18 Global Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
19 Global Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
20 Global Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     
21 North America Pumps Market Outlook, By Country (2021-2030) ($MN)     
22 North America Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
23 North America Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
24 North America Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
25 North America Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
26 North America Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
27 North America Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
28 North America Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
29 North America Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
30 North America Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
31 North America Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
32 North America Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
33 North America Pumps Market Outlook, By Application (2021-2030) ($MN)     
34 North America Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
35 North America Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
36 North America Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
37 North America Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
38 North America Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
39 North America Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
40 North America Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     
41 Europe Pumps Market Outlook, By Country (2021-2030) ($MN)     
42 Europe Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
43 Europe Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
44 Europe Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
45 Europe Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
46 Europe Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
47 Europe Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
48 Europe Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
49 Europe Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
50 Europe Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
51 Europe Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
52 Europe Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
53 Europe Pumps Market Outlook, By Application (2021-2030) ($MN)     
54 Europe Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
55 Europe Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
56 Europe Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
57 Europe Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
58 Europe Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
59 Europe Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
60 Europe Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     
61 Asia Pacific Pumps Market Outlook, By Country (2021-2030) ($MN)     
62 Asia Pacific Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
63 Asia Pacific Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
64 Asia Pacific Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
65 Asia Pacific Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
66 Asia Pacific Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
67 Asia Pacific Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
68 Asia Pacific Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
69 Asia Pacific Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
70 Asia Pacific Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
71 Asia Pacific Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
72 Asia Pacific Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
73 Asia Pacific Pumps Market Outlook, By Application (2021-2030) ($MN)     
74 Asia Pacific Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
75 Asia Pacific Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
76 Asia Pacific Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
77 Asia Pacific Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
78 Asia Pacific Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
79 Asia Pacific Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
80 Asia Pacific Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     
81 South America Pumps Market Outlook, By Country (2021-2030) ($MN)     
82 South America Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
83 South America Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
84 South America Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
85 South America Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
86 South America Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
87 South America Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
88 South America Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
89 South America Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
90 South America Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
91 South America Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
92 South America Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
93 South America Pumps Market Outlook, By Application (2021-2030) ($MN)     
94 South America Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
95 South America Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
96 South America Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
97 South America Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
98 South America Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
99 South America Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
100 South America Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     
101 Middle East & Africa Pumps Market Outlook, By Country (2021-2030) ($MN)     
102 Middle East & Africa Pumps Market Outlook, By Pump Type (2021-2030) ($MN)     
103 Middle East & Africa Pumps Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)     
104 Middle East & Africa Pumps Market Outlook, By Single Stage Centrifugal Pumps (2021-2030) ($MN)     
105 Middle East & Africa Pumps Market Outlook, By Multi-Stage Centrifugal Pumps (2021-2030) ($MN)     
106 Middle East & Africa Pumps Market Outlook, By Axial Flow Centrifugal Pumps (2021-2030) ($MN)     
107 Middle East & Africa Pumps Market Outlook, By Radial Flow Centrifugal Pumps (2021-2030) ($MN)     
108 Middle East & Africa Pumps Market Outlook, By Mixed Flow Centrifugal Pumps (2021-2030) ($MN)     
109 Middle East & Africa Pumps Market Outlook, By Positive Displacement Pumps (2021-2030) ($MN)     
110 Middle East & Africa Pumps Market Outlook, By Reciprocating Pumps (2021-2030) ($MN)     
111 Middle East & Africa Pumps Market Outlook, By Rotary Pumps (2021-2030) ($MN)     
112 Middle East & Africa Pumps Market Outlook, By Other Positive Displacement Pumps (2021-2030) ($MN)     
113 Middle East & Africa Pumps Market Outlook, By Application (2021-2030) ($MN)     
114 Middle East & Africa Pumps Market Outlook, By Water & Wastewater Treatment (2021-2030) ($MN)     
115 Middle East & Africa Pumps Market Outlook, By Agriculture (2021-2030) ($MN)     
116 Middle East & Africa Pumps Market Outlook, By Chemical (2021-2030) ($MN)     
117 Middle East & Africa Pumps Market Outlook, By Industrial (2021-2030) ($MN)     
118 Middle East & Africa Pumps Market Outlook, By Oil & Gas (2021-2030) ($MN)     
119 Middle East & Africa Pumps Market Outlook, By Power Generation (2021-2030) ($MN)     
120 Middle East & Africa Pumps Market Outlook, By Other Applications (2021-2030) ($MN)     

List of Figures

RESEARCH METHODOLOGY


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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