Search

Brushless DC Motor Market

Brushless DC Motor Market Size by Type (Outer Rotor and Inner Rotor), Rated Output Power (Above 75 kW, 3 kW - 75 kW, 750 Watts to 3 kW, and 0 -750 Watts), End-User (Automotive, Medical Devices, Consumer Electronics, Manufacturing, and Others) Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13344
  • Published Date: Mar, 2023
  • Pages: 238
  • Category: Information Technology & Semiconductors
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global brushless DC motor market is expected to reach USD 27.77 billion by 2030, at a CAGR of 7.60% from 2022 to 2030. The increasing utilization of BLDC devices in various applications drives the expansion of the brushless DC motor market.

Market Overview:

BLDC motors are powered on direct current electricity with the help of a convert, inverter the input current to alternation current respectively. BLDC motors have a permanent magnet rotor and a coil wound stator. The benefits of a brushless DC motor are low operational costs, high energy efficiency, low maintenance costs, less heat dissipation, swift response, and tremendous efficiency. Brushless DC motors (BLDC) are utilized for a wide variety of application needs like constant loads, varying loads, and positioning applications in the fields of industrial control, health care equipment, aviation, automotive, automation systems, etc. The effectiveness of BLDC motors makes them costlier. Brushless DC motors are utilized for windshield wipers & CD players. All of the current hybrid electric vehicles depend on BLDC motors. BLDC motors are a variety of synchronous motors. This means the rotor's magnetic field and the stator's magnetic field rotate simultaneously.

Brushless DC Motor Market Size

Get an overview of this study by requesting a free sample

Market Dynamics:

Drivers
  • The growth in the usage & the manufacture of electric vehicles:

The proliferation of the operational efficiency of equipment, technological advancement in robotics, and the increasing trend of industrial automation is the driving factor of the market growth. Further, the growing adoption of electric vehicles (EV) to reduce carbon emissions and the ongoing transition against the adoption of automated technologies across manufacturing enterprises are expected to propel the market growth during the forecast period. Moreover, various governmental organizations have promoted electric vehicle production due to good efficiency at peak points and low rotor heat. Apart from this, the ever-increasing demand for brushless DC motors in agricultural equipment is another driving factor of market growth. Also, the increasing adoption of 4.0 technologies like robotics, the Industrial Internet of Things (IIoT), and logistics automation, among other technologies, are helping to propel market growth.

Restraints:
  • The high cost of the BLDC motors:

The high cost of BLDC motors is the restraining factor of market growth. Further, the brushless motor producers face high-cost restrictions from the electronics and motor. Moreover, the lack of raw materials due to the unavailability of transport & the shortage of laborers is also hindering the market growth. In addition, the lack of awareness among people about the advantages of using electronic machines is another hampering market growth.

Opportunities:
  • Raised demand for HVAC systems:

The growing adoption of BLDC motors in the HVAC system is anticipated to create an opportunity for the market. Further, HVAC systems are widely utilized in food storage, refrigeration equipment, and processing. An HVAC system allows compressors to compress refrigerants and drives pumps to take water for cold and hot-water applications and fuel oil. Moreover, such large structures need extensive cooling and heating systems. Thus, the growing use of HVAC systems will likely drive the demand for brushless dc motors during the forecast period.

Segmentation Analysis: 

The global brushless DC motor market has been segmented based on type, rated output power, end-user, and regions.

  • The type segment is divided into the outer rotor and inner rotor. The inner rotor segment led the market with a market share of 56.21% in 2021 due to its excellent controllability and high efficiency. Additionally, the internal rotor motors are utilized in consumer electronics, automotive, and manufacturing industries for CNC machines, robotics, automatic door opener, and metal cutting and forming machine applications.
  • The rated output power segment is divided into above 75 kW, 3 kW - 75 kW, 750 Watts to 3 kW, and 0 -750 watts. The 0 -750 watts segment led the market with a market share of 29.13% in 2021 due to its high operating speeds and low maintenance.
  • The end-user segment is divided into automotive, medical devices, consumer electronics, manufacturing, and others. The consumer electronics segment led the market with a market share of 26.17% in 2021 due to the growing awareness of improving life expectancy.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region emerged as the largest market for the global brushless DC motor market, with a 47.33% share of the market revenue in 2021.

  • The rise in the manufacturing of vehicles and the increasing disposable incomes are anticipated to contribute to the brushless DC motor market. Furthermore, the rapid industrialization in developing nations like South Korea, China, and India also helps boost market growth. Also, the growing environmental concerns among the population and the increasing need for the usage of sustainable and eco-friendly products are helping to boost market growth.
  • During the forecast period, the North American region will record the highest growth due to the rising demand for highly sophisticated medical devices. Further, the high expenditure by the government and the increasing digitization trends are also helping to boost the market growth in this region. Additionally, increased demand for DC motors in the automotive sector also helps to drive market growth.

Asia Pacific Region Brushless DC Motor Market Share in 2021 - 47.33%

 

www.thebrainyinsights.com

Check the geographical analysis of this market by requesting a free sample

Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global brushless DC motor industry.

List of Key Market Players:
  • Allied Motion Technologies, Inc.
  • ABB Ltd.
  • Johnson Electric
  • Ametek Inc.
  • North American Electric, Inc.
  • Baldor Electric Company Inc.
  • Regal Beloit Corporation
  • Siemens
  • Nidec Motor Corporation
  • TECO Electric & Machinery Co., Ltd.
Key Target Audience:
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global Brushless DC Motor Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global brushless DC motor market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global brushless DC motor market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of brushless DC motor based on type, rated output power, end-user, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global brushless DC motor market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global brushless DC motor market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global brushless DC motor market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the brushless DC motor market was valued at USD 14.36 billion in 2021 to USD 27.77 billion by 2030.

Global brushless DC motor market is growing at a CAGR of 7.60% during the forecast period 2022-2030.

Asia-Pacific region emerged as the largest market for the brushless DC motor.

The market's growth will be influenced by the growth in the usage & the manufacture of electric vehicles.

The high cost of the BLDC motors could hamper the market growth.

The growing adoption of BLDC motors in the HVAC system will provide huge opportunities to the market.

Get Your Report Customized

  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries
Request for Customization

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 Type
          4.3.2. Market Attractiveness Analysis By Rated Output Power
          4.3.3. Market Attractiveness Analysis By End-User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The rise in urban population
          5.2.2. The increasing automobile manufacturing
          5.2.3. The increasing industrial spending on motor technologies
          5.2.4. The rising focus on fuel efficiency
    5.3. Restraints
          5.3.1. The easy availability of low-quality alternatives
          5.3.2. The high prices associated with brushless DC motors
          5.3.3. The expansion in the initial cost
    5.4. Opportunities
          5.4.1. The growing usage of brushless DC motors in broad applications across different end-use enterprises

6. Global Brushless DC Motor Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Outer Rotor
    6.3. Inner Rotor

7. Global Brushless DC Motor Market Analysis and Forecast, By Rated Output Power
    7.1. Segment Overview
    7.2. Above 75 kW
    7.3. 3 kW - 75 kW
    7.4. 750 Watts to 3 kW
    7.5. 0 -750 Watts

8. Global Brushless DC Motor Market Analysis and Forecast, By End-User
    8.1. Segment Overview
    8.2. Automotive
    8.3. Medical Devices
    8.4. Consumer Electronics
    8.5. Manufacturing
    8.6. Others

9. Global Brushless DC Motor Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Brushless DC Motor Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Brushless DC Motor Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Allied Motion Technologies, Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. ABB Ltd.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Johnson Electric
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Ametek Inc.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. North American Electric, Inc.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Baldor Electric Company Inc.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Regal Beloit Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Siemens
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Nidec Motor Corporation
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. TECO Electric & Machinery Co., Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

2. Global Outer Rotor, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion) 

3. Global Inner Rotor, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion) 

4. Global Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

5. Global Above 75 kW, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

6. Global 3 kW - 75 kW, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

7. Global 750 Watts to 3 kW, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

8. Global 0 -750 Watts, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

9. Global Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

10. Global Automotive, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

11. Global Medical Devices, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

12. Global Consumer Electronics, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

13. Global Manufacturing, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

14. Global Others, Brushless DC Motor Market, By Region, 2019-2030 (USD Billion)

15. North America Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

16. North America Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

17. North America Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

18. U.S. Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

19. U.S. Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

20. U.S. Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

21. Canada Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

22. Canada Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

23. Canada Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

24. Mexico Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

25. Mexico Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

26. Mexico Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

27. Europe Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

28. Europe Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

29. Europe Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

30. Germany Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

31. Germany Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

32. Germany Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

33. France Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

34. France Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

35. France Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

36. U.K. Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

37. U.K. Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

38. U.K. Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

39. Italy Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

40. Italy Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

41. Italy Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

42. Spain Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

43. Spain Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

44. Spain Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

45. Asia Pacific Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

46. Asia Pacific Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

47. Asia Pacific Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

48. Japan Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

49. Japan Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

50. Japan Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

51. China Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

52. China Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

53. China Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

54. India Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

55. India Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

56. India Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

57. South America Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

58. South America Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

59. South America Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

60. Brazil Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

61. Brazil Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

62. Brazil Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

63. Middle East and Africa Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

64. Middle East and Africa Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

65. Middle East and Africa Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

66. UAE Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

67. UAE Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

68. UAE Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

69. South Africa Brushless DC Motor Market, By Type, 2019-2030 (USD Billion)

70. South Africa Brushless DC Motor Market, By Rated Output Power, 2019-2030 (USD Billion)

71. South Africa Brushless DC Motor Market, By End-User, 2019-2030 (USD Billion)

List of Figures 

1. Global Brushless DC Motor Market Segmentation

2. Global Brushless DC Motor Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top- Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Brushless DC Motor Market Attractiveness Analysis By Type

9. Global Brushless DC Motor Market Attractiveness Analysis By Rated Output Power 

10. Global Brushless DC Motor Market Attractiveness Analysis By End-User

11. Global Brushless DC Motor Market Attractiveness Analysis By Region

12. Global Brushless DC Motor Market: Dynamics

13. Global Brushless DC Motor Market Share By Type (2022 & 2030)

14. Global Brushless DC Motor Market Share By Rated Output Power (2022 & 2030)

15. Global Brushless DC Motor Market Share By End-User (2022 & 2030)

16. Global Brushless DC Motor Market Share By Regions (2022 & 2030)

17. Global Brushless DC Motor Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global brushless DC motor based on below mentioned segments:

Global Brushless DC Motor Market by Type:

  • Outer Rotor
  • Inner Rotor

Global Brushless DC Motor Market by Rated Output Power:

  • Above 75 kW
  • 3 kW - 75 kW
  • 750 Watts to 3 kW
  • 0 -750 Watts

Global Brushless DC Motor Market by End-User:

  • Automotive
  • Medical Devices
  • Consumer Electronics
  • Manufacturing
  • Others

Global Brushless DC Motor 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.

Ask for customization Request Sample Speak to analyst Inquire before buying

Flexible Purchase Options

  • Chapters of your choice
  • Quantitative Information for Historical & Forecasted Data
  • Regional/Country Level Reports
Request for Special Pricing

Get in touch with us

+1-315-215-1633

sales@thebrainyinsights.com

Our Clients

Why choose us

ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date