The Marine Variable Frequency Drive Market size was valued at USD 850.22 million in 2022 and is expected to grow to USD 1365.38 million by 2030 and grow at a CAGR of 6.1% over the forecast period of 2023-2030.
Depending on the topology, variable frequency drives (VFDs) are a type of motor drive used in electromechanical drive systems that alter the speed of an AC motor by varying the motor's input frequency and controlling the associated voltage or current changes. Marine technology application.
VFDs (variable frequency drives) don't precisely have a gentle start. They provide this duty, but their workload is far more extensive. The fundamental idea behind a VFD is to use a change in frequency to regulate torque while a machine is operating. The frequency may be modified at any moment with complete regulation, which is the fundamental distinction from soft-start. The seawater cooling pump, which must run continually on board, is an excellent example. Even while the ship is in port, the diesel generators require constant cooling. Different cooling may not be applied depending on the sailing location. This makes the usage of VFD the ideal remedy for these pumps. With varying cooling capacity, the pump may run continuously without turning on and off other pumps.
Get more information on Marine Variable Frequency Drive Market - Request Sample Report
KEY DRIVERS:
Increasing Need for Energy Efficient Systems in Ship.
Increasing maritime investment and attention to the operation of efficient ships will fuel growth
The International Chamber of Shipping estimates that 90% of global trade, including transcontinental trade, bulk commodity transportation, and the import and export of reasonably priced food and manufactured products, depends on the international shipping sector. The maritime industry is still growing, which helps customers globally by lowering freight charges. Ships are complex, high-value assets that can cost over USD 200 million to build. Additionally, commercial vessel operations bring in an estimated half a trillion dollars in freight rates annually. Consequently, the expansion of maritime trade has increased demand for ships that transport industrial commodities globally.
RESTRAIN:
The high-cost installation
The maintenance of variable frequency drives is expensive
Long-term energy savings from installing a variable frequency drive can be significant, but the expense is somewhat expensive when compared to conventional energy-saving techniques. The total cost of adding a VFD to an existing facility. The cost of a general-purpose system per horsepower (HP) ranges from USD 200 to USD 500, which is significantly more than the cost of other energy-saving systems.
OPPORTUNITY:
The use of remote monitoring in VFDs opens up new possibilities for improving system effectiveness.
Drives may be harmed by a variety of negative external factors, such as deteriorated power quality, application misuse, and environmental deterioration. This will cause a shutdown and might cause the end user to lose money. Enterprises are searching for solutions that include remote monitoring to monitor these external factors and save downtime. In order to assess the state of VFD degeneration, remote monitoring of marine VFDs is crucial.
CHALLENGES:
The marine VFD industry is being hampered by low quality VFD devices.
The availability of international brands, their difficulties owing to intense or minimal rivalry from domestic and local brands.
IMPACT OF RUSSIAN UKRAINE WAR
The war's greatest effects have been felt by ships that travel to or do business with Russia in the Black Sea. Major ports in Ukraine, notably Odessa, were shut down as a result of the fighting and a Russian naval blockade of the country. Over 70% of its exports are sent out, including 99% of its maize exports. While thousands of Russian and Ukrainian personnel faced an unclear future since they were unable to leave their boats or go home, hundreds of ships remained stuck in ports or at anchor.
At the start of the invasion of Ukraine, it was estimated that 2,000 seamen were trapped on ships in Ukrainian ports. Crews trapped in a situation are constantly at risk of assault and have limited access to food and medical supplies. Tragically, assaults have already claimed the lives of several crew members. A sizeable fraction of the 1.89 million sailors worldwide is from Russia and Ukraine, the International Chamber of Shipping (ICS) estimates that Russian seafarers make up just over 10% of the industry's entire workforce and that Ukrainian seafarers make up a further 4%.
IMPACT OF ONGOING RECESSION
An economic downturn won't spare the maritime sector. This fact was recognised by the international financial crisis, which had a significant effect on the shipping industry. An estimated 90% of the amount of global trade is facilitated by shipping, which also serves as a fulcrum for economic growth. More than ever, the entire globe is dependent on it. The Marine sector is impacted by variables such as the economy, commerce, manufacturing, consumption, politics, financing, and technology that affect the supply and demand of manufactured goods, raw materials, and transportation services. It doesn't take long for the shipping market as a whole to experience a sharp decrease in freight rates and time charter.
By Type
AC Drive
DC Drive
By Voltage
Low Voltage
Medium Voltage
By Application
Pump
Fan
Compressor
Propeller
With Shaft Generator
Without Shaft Generator
Crane & Hoist
.png)
Need any customization research on Marine Variable Frequency Drive Market - Enquiry Now
North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa are the regions into which this market is divided. Due to rising demand for optimised energy solutions and varying national carbon emission requirements, Asia Pacific now holds a disproportionately large market share for marine variable frequency drives. For reference, the ICCT estimates that, with the aid of obligatory energy-efficiency requirements, CO2 emissions from China's domestic coastal shipping might peak by 2040 and dramatically decline by 2060. Furthermore, improvements in marine energy technology, such as offshore wind energy, which is still in its early stages of development, are driving up demand for VFDs in the maritime sector in North America.
The upcoming global and European climate change laws will open up new markets for European maritime equipment providers and Powered fans Variable frequency drive is used in ships. Furthermore, because they can smoothly control the motor speed over a large range, variable frequency drives are increasingly being employed more commonly in HVAC applications. As a result, the motor's speed and power are both drastically reduced. other uses, including cranes used in the maritime sector, Winches and hoists have also seen widespread use of marine variable frequency drives.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Major players listed in Marine Variable Frequency Drive Market are General Electric (US), Danfoss (Denmark), Siemens (Germany), Rockwell Automation (US), ABB (Switzerland), C G Power and Industrial Solutions (India), Mitsubishi Electric (Japan), WEG (Brazil), Yaskawa (Japan), Parker Hannifin (US), Invertek Drives (UK), Bosch (Germany), Schneider Electric (France), NIDEC (Japan), Honeywell (US), Johnson Controls (Ireland), and other players are listed in a final report.
Siemens (Germany)-Company Financial Analysis
Siemens revealed in October 2021 that it was getting ready to separate its major drive system segment. The operation, which is the first step in a sale, is a member of Siemens' so-called portfolio companies, which make heavy-duty electrical drive systems for ships, mines, and rolling mills. Additional operations that the business hopes to either develop or sell off in the future.
April 2021 - Spanish shipbuilder Astilleros Gondan has contracted with ABB to provide its all-electric driven solution for its fleet, which consists of quick 40-meter city passenger ferries operating on the Tagus River in Lisbon.
Jan. 20, 2021 A service expansion to MHI's Solutions Community and Conveyor and Sortation Systems (CSS) has been announced by Beckhoff Automation, which offers servo motors and servo drives as part of its new automation technology.
| Report Attributes | Details |
| Market Size in 2022 | US$ 850.22 million |
| Market Size by 2030 | US$ 1365.38 million |
| CAGR | CAGR of 6.1 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (AC Drive, DC Drive) • By Voltage (Low Voltage, Medium Voltage) • By Application (Pump, Fan, Compressor, Propeller, With Shaft Generator, Without Shaft Generator, Crane & Hoist) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | General Electric (US), Danfoss (Denmark), Siemens (Germany), Rockwell Automation (US), ABB (Switzerland), C G Power and Industrial Solutions (India), Mitsubishi Electric (Japan), WEG (Brazil), Yaskawa (Japan), Parker Hannifin (US), Invertek Drives (UK), Bosch (Germany), Schneider Electric (France), NIDEC (Japan), Honeywell (US), Johnson Controls (Ireland), and other players are listed in a final report. |
| Key Drivers | • Increasing Need for Energy Efficient Systems in Ship. • Increasing maritime investment and attention to the operation of efficient ships will fuel growth |
| Market Restraints | • The high-cost installation • The maintenance of variable frequency drives is expensive |
Ans: Marine Variable Frequency Drive Market is anticipated to expand by 6.1% from 2023 to 2030.
Ans: USD 1365.38 million is expected to grow by 2030.
Ans: Marine Variable Frequency Drive Market size was valued at USD 850.22 million in 2022
Ans: Increasing Need for Energy Efficient Systems in Ship, and Increasing maritime investment and attention to the operation of efficient ships will fuel growth.
Ans: Acia Pacific dominates the Marine Variable Frequency Drive Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Marine Variable Frequency Drive Market Segmentation, By Type
8.1 AC Drive
8.2 DC Drive
9. Marine Variable Frequency Drive Market Segmentation, By Voltage
9.1 Low Voltage
9.2 Medium Voltage
10. Marine Variable Frequency Drive Market Segmentation, By Application
10.1 Pump
10.2 Fan
10.3 Compressor
10.4 Propeller
10.5 With Shaft Generator
10.6 Without Shaft Generator
10.7 Crane & Hoist
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Marine Variable Frequency Drive Market by Country
11.2.2 North America Marine Variable Frequency Drive Market by Type
11.2.3 North America Marine Variable Frequency Drive Market by Voltage
11.2.4 North America Marine Variable Frequency Drive Market by Application
11.2.5 USA
11.2.5.1 USA Marine Variable Frequency Drive Market by Type
11.2.5.2 USA Marine Variable Frequency Drive Market by Voltage
11.2.5.3 USA Marine Variable Frequency Drive Market by Application
11.2.6 Canada
11.2.6.1 Canada Marine Variable Frequency Drive Market by Type
11.2.6.2 Canada Marine Variable Frequency Drive Market by Voltage
11.2.6.3 Canada Marine Variable Frequency Drive Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Marine Variable Frequency Drive Market by Type
11.2.7.2 Mexico Marine Variable Frequency Drive Market by Voltage
11.2.7.3 Mexico Marine Variable Frequency Drive Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Marine Variable Frequency Drive Market by Country
11.3.1.2 Eastern Europe Marine Variable Frequency Drive Market by Type
11.3.1.3 Eastern Europe Marine Variable Frequency Drive Market by Voltage
11.3.1.4 Eastern Europe Marine Variable Frequency Drive Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Marine Variable Frequency Drive Market by Type
11.3.1.5.2 Poland Marine Variable Frequency Drive Market by Voltage
11.3.1.5.3 Poland Marine Variable Frequency Drive Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Marine Variable Frequency Drive Market by Type
11.3.1.6.2 Romania Marine Variable Frequency Drive Market by Voltage
11.3.1.6.4 Romania Marine Variable Frequency Drive Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Marine Variable Frequency Drive Market by Type
11.3.1.7.2 Turkey Marine Variable Frequency Drive Market by Voltage
11.3.1.7.3 Turkey Marine Variable Frequency Drive Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Marine Variable Frequency Drive Market by Type
11.3.1.8.2 Rest of Eastern Europe Marine Variable Frequency Drive Market by Voltage
11.3.1.8.3 Rest of Eastern Europe Marine Variable Frequency Drive Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Marine Variable Frequency Drive Market by Type
11.3.2.2 Western Europe Marine Variable Frequency Drive Market by Voltage
11.3.2.3 Western Europe Marine Variable Frequency Drive Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Marine Variable Frequency Drive Market by Type
11.3.2.4.2 Germany Marine Variable Frequency Drive Market by Voltage
11.3.2.4.3 Germany Marine Variable Frequency Drive Market by Application
11.3.2.5 France
11.3.2.5.1 France Marine Variable Frequency Drive Market by Type
11.3.2.5.2 France Marine Variable Frequency Drive Market by Voltage
11.3.2.5.3 France Marine Variable Frequency Drive Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Marine Variable Frequency Drive Market by Type
11.3.2.6.2 UK Marine Variable Frequency Drive Market by Voltage
11.3.2.6.3 UK Marine Variable Frequency Drive Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Marine Variable Frequency Drive Market by Type
11.3.2.7.2 Italy Marine Variable Frequency Drive Market by Voltage
11.3.2.7.3 Italy Marine Variable Frequency Drive Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Marine Variable Frequency Drive Market by Type
11.3.2.8.2 Spain Marine Variable Frequency Drive Market by Voltage
11.3.2.8.3 Spain Marine Variable Frequency Drive Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Marine Variable Frequency Drive Market by Type
11.3.2.9.2 Netherlands Marine Variable Frequency Drive Market by Voltage
11.3.2.9.3 Netherlands Marine Variable Frequency Drive Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Marine Variable Frequency Drive Market by Type
11.3.2.10.2 Switzerland Marine Variable Frequency Drive Market by Voltage
11.3.2.10.3 Switzerland Marine Variable Frequency Drive Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Marine Variable Frequency Drive Market by Type
11.3.2.11.3 Austria Marine Variable Frequency Drive Market by Voltage
11.3.2.11.4 Austria Marine Variable Frequency Drive Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Marine Variable Frequency Drive Market by Type
11.3.2.12.2 Rest of Western Europe Marine Variable Frequency Drive Market by Voltage
11.3.2.12.3 Rest of Western Europe Marine Variable Frequency Drive Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Marine Variable Frequency Drive Market by Country
11.4.2 Asia-Pacific Marine Variable Frequency Drive Market by Type
11.4.3 Asia-Pacific Marine Variable Frequency Drive Market by Voltage
11.4.4 Asia-Pacific Marine Variable Frequency Drive Market by Application
11.4.5 China
11.4.5.1 China Marine Variable Frequency Drive Market by Type
11.4.5.2 China Marine Variable Frequency Drive Market by Application
11.4.5.3 China Marine Variable Frequency Drive Market by Voltage
11.4.6 India
11.4.6.1 India Marine Variable Frequency Drive Market by Type
11.4.6.2 India Marine Variable Frequency Drive Market by Voltage
11.4.6.3 India Marine Variable Frequency Drive Market by Application
11.4.7 Japan
11.4.7.1 Japan Marine Variable Frequency Drive Market by Type
11.4.7.2 Japan Marine Variable Frequency Drive Market by Voltage
11.4.7.3 Japan Marine Variable Frequency Drive Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Marine Variable Frequency Drive Market by Type
11.4.8.2 South Korea Marine Variable Frequency Drive Market by Voltage
11.4.8.3 South Korea Marine Variable Frequency Drive Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Marine Variable Frequency Drive Market by Type
11.4.9.2 Vietnam Marine Variable Frequency Drive Market by Voltage
11.4.9.3 Vietnam Marine Variable Frequency Drive Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Marine Variable Frequency Drive Market by Type
11.4.10.2 Singapore Marine Variable Frequency Drive Market by Voltage
11.4.10.3 Singapore Marine Variable Frequency Drive Market by Application
11.4.11 Australia
11.4.11.1 Australia Marine Variable Frequency Drive Market by Type
11.4.11.2 Australia Marine Variable Frequency Drive Market by Voltage
11.4.11.3 Australia Marine Variable Frequency Drive Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Marine Variable Frequency Drive Market by Type
11.4.12.2 Rest of Asia-Pacific Marine Variable Frequency Drive Market by Voltage
11.4.12.3 Rest of Asia-Pacific Marine Variable Frequency Drive Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Marine Variable Frequency Drive Market by Country
11.5.1.2 Middle East Marine Variable Frequency Drive Market by Type
11.5.1.3 Middle East Marine Variable Frequency Drive Market by Voltage
11.5.1.4 Middle East Marine Variable Frequency Drive Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Marine Variable Frequency Drive Market by Type
11.5.1.5.2 UAE Marine Variable Frequency Drive Market by Voltage
11.5.1.5.3 UAE Marine Variable Frequency Drive Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Marine Variable Frequency Drive Market by Type
11.5.1.6.2 Egypt Marine Variable Frequency Drive Market by Voltage
11.5.1.6.3 Egypt Marine Variable Frequency Drive Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Marine Variable Frequency Drive Market by Type
11.5.1.7.2 Saudi Arabia Marine Variable Frequency Drive Market by Voltage
11.5.1.7.3 Saudi Arabia Marine Variable Frequency Drive Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Marine Variable Frequency Drive Market by Type
11.5.1.8.2 Qatar Marine Variable Frequency Drive Market by Voltage
11.5.1.8.3 Qatar Marine Variable Frequency Drive Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Marine Variable Frequency Drive Market by Type
11.5.1.9.2 Rest of Middle East Marine Variable Frequency Drive Market by Voltage
11.5.1.9.3 Rest of Middle East Marine Variable Frequency Drive Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Marine Variable Frequency Drive Market by Type
11.5.2.3 Africa Marine Variable Frequency Drive Market by Voltage
11.5.2.4 Africa Marine Variable Frequency Drive Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Marine Variable Frequency Drive Market by Type
11.5.2.5.2 Nigeria Marine Variable Frequency Drive Market by Voltage
11.5.2.5.3 Nigeria Marine Variable Frequency Drive Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Marine Variable Frequency Drive Market by Type
11.5.2.6.2 South Africa Marine Variable Frequency Drive Market by Voltage
11.5.2.6.3 South Africa Marine Variable Frequency Drive Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Marine Variable Frequency Drive Market by Type
11.5.2.7.2 Rest of Africa Marine Variable Frequency Drive Market by Voltage
11.5.2.7.3 Rest of Africa Marine Variable Frequency Drive Market by Application
11.6 Latin America
11.6.1 Latin America Marine Variable Frequency Drive Market by Country
11.6.2 Latin America Marine Variable Frequency Drive Market by Type
11.6.3 Latin America Marine Variable Frequency Drive Market by Voltage
11.6.4 Latin America Marine Variable Frequency Drive Market by Application
11.6.5 Brazil
11.6.5.1 Brazil America Marine Variable Frequency Drive Market by Type
11.6.5.2 Brazil America Marine Variable Frequency Drive Market by Voltage
11.6.5.3 Brazil America Marine Variable Frequency Drive Market by Application
11.6.6 Argentina
11.6.6.1 Argentina America Marine Variable Frequency Drive Market by Type
11.6.6.2 Argentina America Marine Variable Frequency Drive Market by Voltage
11.6.6.3 Argentina America Marine Variable Frequency Drive Market by Application
11.6.7 Colombia
11.6.7.1 Colombia America Marine Variable Frequency Drive Market by Type
11.6.7.2 Colombia America Marine Variable Frequency Drive Market by Voltage
11.6.7.3 Colombia America Marine Variable Frequency Drive Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Marine Variable Frequency Drive Market by Type
11.6.8.2 Rest of Latin America Marine Variable Frequency Drive Market by Voltage
11.6.8.3 Rest of Latin America Marine Variable Frequency Drive Market by Application
12 Company profile
12.1 General Electric (US)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Danfoss (Denmark)
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Siemens (Germany)
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Rockwell Automation (US)
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 ABB (Switzerland)
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 C G Power and Industrial Solutions (India)
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Mitsubishi Electric (Japan)
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 WEG (Brazil)
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Yaskawa (Japan)
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Parker Hannifin (US)
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Invertek Drives (UK)
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Bosch (Germany)
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Testing, Inspection, and Certification (TIC) Market size is expected to reach $427.69 billion, growing at a CAGR of 3.94% by forecasts 2024-2032
The Gas Sensor Market size was valued at USD 2.84 billion in 2023 and is expected to grow to USD 6.65 billion by 2032 and grow at a CAGR Of 9.86 % over the forecast period of 2024-2032.
The UV Disinfection Equipment Market was calculated USD 3.85 Billion in 2023 & will reach USD 7.07 Billion by 2032, with a growing CAGR of 7% by 2024-2032.
The RF Power Amplifier Market size was valued at USD 8.5 Billion in 2023. It is estimated to reach USD 25.3 Billion by 2032, growing at a CAGR of 12.9% during 2024-2032.
The Semiconductor Wafers Market size was valued at USD 19.5 billion in 2023 and is expected to grow at a CAGR of 4.72 % from 2024 to 2032 and is projected to reach US$ 29.53 billion by 2032.
The Next Generation Non-Volatile Memory Market Size was USD 6.45 Billion in 2023 & will reach USD 27.82 Bn by 2032 & grow at a CAGR of 17.68% by 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
