Battery Recycling Market

Battery Recycling Market Size By Battery Type (Lead-acid Battery, Lithium-ion Battery, Nickel-based Battery, and Others), By Application (Transportation, Industrial, Consumer Electronics, and Others) Regions, Global Industry Analysis, Share, Growth, and Trends. Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13480
  • Published Date: May, 2023
  • Pages: 236
  • Category: Energy & Power
  • Format: PDF
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The global battery recycling market is expected to reach USD 33.5 billion by 2032, at a CAGR of 11.7% during the forecast period 2023 to 2032. Asia Pacific is expected to grow the fastest during the forecast period.

Market Overview:

Battery recycling is the practice of recycling and reusing batteries to reduce the material waste enterprises generate. Batteries contain harmful compounds and heavy metals that, if discarded improperly, can contaminate water and soil. Lead-acid, nickel-metal hydride (Ni-MH), nickel-cadmium (Ni-Cd), lithium-ion (Li-ion), and nickel-zinc batteries are among the most widely recycled battery types (Ni-Zn). Collecting, sorting, crushing, and sieving metals from plastic is the first step in recycling, followed by hydro-metallurgical and pyro-metallurgical procedures to neutralize and reuse the acid to produce new batteries. One of the primary factors driving the market's growth is a considerable increase in global demand for hybrid and electric cars (EVs). This has considerably increased demand for several substances used in automotive ignition systems, such as cobalt and lithium. In line with this, the scarcity of raw materials used to manufacture lithium-ion batteries has stimulated the recycling of waste batteries received from diverse businesses. Additionally, implementing stringent government laws to limit environmental concerns connected with battery disposal boosts the market. Furthermore, the increased use of recycled batteries in manufacturing various consumer devices is a central growth-inducing element.

Battery Recycling Market Size

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Recent Development
  • In June 2021, GEM Co., a China-based battery materials producer, revealed intentions to invest roughly CNY 310 million in a project to recover nickel and cobalt material (precursor materials) from an existing battery recycling operation China's Hubei province.

Market Dynamics:

Drivers

Rising Demand for Lithium-Ion Batteries- Li-ion batteries are lighter than conventional rechargeable batteries and have a higher capacity. This makes it more efficient in portable electronic devices and allows it to meet its standards, such as weight and form factor, which are essential for selling items. It can be found in everything from electric cars and golf carts to the aerospace sector.

Restraints:

High Cost- The cost of producing a Li-ion battery increases its cost. It is 35% more expensive to manufacture than nickel-cadmium cells. As demand rises, so do consumer prices, which is a huge issue. This battery requires extensive onboard computer circuitry to keep voltage and current within safe limits. This circuit is also the reason it costs more than other rechargeable batteries.

Opportunities:

Rising Manufacturing of Electronic Devices- Recycled batteries are frequently used to manufacture cellphones, laptop computers, power tools, gaming consoles, and remote-control units. Additional factors, such as increased industrialization and rising public concern about environmental protection, are expected to propel the market even further.

Challenges:

Improper Manufacturing- Improper separation of hazardous compounds used in batteries, incorrect dismantling, and improper shredding are projected to impede the growth of the battery recycling market during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the most significant global battery recycling market, with a 45% market revenue share in 2022.

Europe dominates battery recycling with a 45% market revenue share in 2022. The European Union's recycling efficiency standards are intended to increase the battery recycling rate. This is due to various factors, including the presence of a large consumer base and significant players in the region. Furthermore, environmental restrictions and the rapid growth of the region's electric car industry are expected to add to the market's growth in Europe. According to the recommendations, approximately 65.0%, 75.0%, and 50% of the weight of lead-acid, nickel-cadmium, and other chemistries batteries must be recovered as recycled material.

Asia Pacific is expected to witness the fastest growth during the forecast period. Countries like India, China, and Japan will likely experience rapid growth due to increased demand from end-use industries such as automotive.

Europe Region Battery Recycling Market Share in 2022 - 45%

 

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Battery Type Analysis:

The battery type segment is divided into lead-acid battery, lithium-ion battery, nickel-based battery, and others. The lithium-ion battery segment dominated the market, with a market share of around 40% in 2022. Lithium-ion battery technology has recently gained much traction, especially in the automotive (EV) and renewable energy industries. Falling prices and favourable chemistry steered the technological demand. A lithium battery has a life expectancy of three to four years; after this time, users can recycle it and replace it with a new one. Global battery electric vehicle (BEV) sales in 2020 are expected to be around 2,008,024, representing a 30% increase over sales in 2019. Governments' climate goals mainly drive the demand for BEVs, generally net-zero carbon emissions targets across all industries. Furthermore, demand has increased because lithium-ion battery technology is best suited for EV manufacture.

Application Analysis:

The application segment is divided into transportation, industrial, consumer electronics, and others. The transportation segment dominated the market, with a share of around 41% in 2022. Because of their capacity to generate significant power to start an engine, batteries are commonly employed in automobiles. The global automobile industry sold 58.0 million automobiles in 2021, a 3.9% rise over the previous year. Rising global income levels, a new desire for electric automobiles and other vehicles, favourable electric infrastructure growth, and ongoing technological breakthroughs will likely increase future demand for battery-powered vehicles. Call2Recycle, Inc. teamed with Cell Block Fire Containment Systems in January 2019 to improve the safety of battery shipping, handling, and collection.

List of Key Market Players:
  • CYCLE CORP.
  • Umicore
  • Accurec Recycling GmbH
  • Redwood Materials, Inc.
  • Battery Solutions
  • Retriev Technologies
  • Glencore International
  • Enersys
  • AkkuSer Oy
  • Duesenfeld GmbH

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 11.1 billion
Market size value in 2032 USD 33.5 billion
CAGR (2023 to 2032) 11.7%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Regional Segments North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Segments Battery Type, Application

Frequesntly Asked Questions

As per The Brainy Insights, the size of the battery recycling market was valued at USD 11.1 billion in 2022 to USD 33.5 billion by 2032.

The global battery recycling market is growing at a CAGR of 11.7% during the forecast period 2023-2032.

Europe emerged as the largest battery recycling market.

Key players in the battery recycling market are CYCLE CORP., Umicore, Accurec Recycling GmbH, Redwood Materials, Inc., Battery Solutions, Retriev Technologies, Glencore International, Enersys, AkkuSer Oy, and Duesenfeld GmbH.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Battery Type
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising Demand for Lithium Ion Batteries
    5.3. Restraints
          5.3.1. High Cost
    5.4. Opportunities
          5.4.1. Rising Manufacturing of Electronic Devices
    5.5. Challenges
          5.5.1. Improper Manufacturing

6. Global Battery Recycling Market Analysis and Forecast, By Battery Type
    6.1. Segment Overview
    6.2. Lead-acid Battery
    6.3. Lithium-ion Battery
    6.4. Nickel-based Battery
    6.5. Others

7. Global Battery Recycling Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Transportation
    7.3. Industrial
    7.4. Consumer Electronics
    7.5. Others

8. Global Battery Recycling Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Battery Recycling Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Battery Recycling Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. CYCLE CORP.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Umicore
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Accurec Recycling GmbH
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Redwood Materials, Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Battery Solutions
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Retriev Technologies
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Glencore International
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Enersys
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. AkkuSer Oy
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Duesenfeld GmbH
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
 

List of Table

1. Global Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

2. Global Lead-acid Battery, Battery Recycling Market, By Region, 2019-2032 (USD Billion) 

3. Global Lithium-ion Battery, Battery Recycling Market, By Region, 2019-2032 (USD Billion) 

4. Global Nickel-based Battery, Battery Recycling Market, By Region, 2019-2032 (USD Billion) 

5. Global Others, Battery Recycling Market, By Region, 2019-2032 (USD Billion) 

6. Global Battery Recycling Market, By Application, 2019-2032 (USD Billion)

7. Global Transportation, Battery Recycling Market, By Region, 2019-2032 (USD Billion)

8. Global Industrial, Battery Recycling Market, By Region, 2019-2032 (USD Billion)

9. Global Consumer Electronics, Battery Recycling Market, By Region, 2019-2032 (USD Billion)

10. Global Others, Battery Recycling Market, By Region, 2019-2032 (USD Billion)

11. North America Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

12. North America Battery Recycling Market, By Application, 2019-2032 (USD Billion)

13. U.S. Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

14. U.S. Battery Recycling Market, By Application, 2019-2032 (USD Billion)

15. Canada Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

16. Canada Battery Recycling Market, By Application, 2019-2032 (USD Billion)

17. Mexico Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

18. Mexico Battery Recycling Market, By Application, 2019-2032 (USD Billion)

19. Europe Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

20. Europe Battery Recycling Market, By Application, 2019-2032 (USD Billion)

21. Germany Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

22. Germany Battery Recycling Market, By Application, 2019-2032 (USD Billion)

23. France Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

24. France Battery Recycling Market, By Application, 2019-2032 (USD Billion)

25. U.K. Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

26. U.K. Battery Recycling Market, By Application, 2019-2032 (USD Billion)

27. Italy Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

28. Italy Battery Recycling Market, By Application, 2019-2032 (USD Billion)

29. Spain Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

30. Spain Battery Recycling Market, By Application, 2019-2032 (USD Billion)

31. Asia Pacific Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

32. Asia Pacific Battery Recycling Market, By Application, 2019-2032 (USD Billion)

33. Japan Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

34. Japan Battery Recycling Market, By Application, 2019-2032 (USD Billion)

35. China Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

36. China Battery Recycling Market, By Application, 2019-2032 (USD Billion)

37. India Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

38. India Battery Recycling Market, By Application, 2019-2032 (USD Billion)

39. South America Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

40. South America Battery Recycling Market, By Application, 2019-2032 (USD Billion)

41. Brazil Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

42. Brazil Battery Recycling Market, By Application, 2019-2032 (USD Billion)

43. Middle East and Africa Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

44. Middle East and Africa Battery Recycling Market, By Application, 2019-2032 (USD Billion)

45. UAE Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

46. UAE Battery Recycling Market, By Application, 2019-2032 (USD Billion)

47. South Africa Battery Recycling Market, By Battery Type, 2019-2032 (USD Billion)

48. South Africa Battery Recycling Market, By Application, 2019-2032 (USD Billion)

List of Figures 

1. Global Battery Recycling Market Segmentation

2. Global Battery Recycling Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Battery Recycling Market Attractiveness Analysis by Battery Type

9. Global Battery Recycling Market Attractiveness Analysis by Application

10. Global Battery Recycling Market Attractiveness Analysis by Region

11. Global Battery Recycling Market: Dynamics

12. Global Battery Recycling Market Share by Battery Type (2023 & 2032)

13. Global Battery Recycling Market Share by Application (2023 & 2032)

14. Global Battery Recycling Market Share by Regions (2023 & 2032)

15. Global Battery Recycling Market Share by Company (2022)

This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global battery recycling market based on the below-mentioned segments:

Global Battery Recycling Market By Battery Type:

  • Lead-acid Battery
  • Lithium-ion Battery
  • Nickel-based Battery
  • Others

Global Battery Recycling Market By Application:

  • Transportation
  • Industrial
  • Consumer Electronics
  • Others

Global Battery Recycling Market By Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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