Electrochemical Glass Market

Electrochemical Glass Market Size by Resin Type (Nanocrystal, Viologen, Transition Metal Oxide (TMO), Reflective Hydride, Polymer), Product (Windows, Doors, Mirrors, Displays, Sunglasses, Others), End Use Industry (Commercial, Transportation, Residential, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12613
  • Published Date: Nov, 2021
  • Pages: 234
  • Category: Chemicals & Materials
  • Format: PDF
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Global electrochemical glass market is expected to reach USD 6.23 Billion by 2030, at a CAGR of 14% from 2021 to 2030. The need for energy-efficient alternatives is being driven by increased environmental concerns about high carbon emissions from conventional glasses in residential and commercial buildings. Electrochemical glass aids in the control of heat generation based on ambient temperature, lowering greenhouse gas emissions even more. Furthermore, the growing need for electrochemical glass for controlling overheating and preserving room temperature is fueled by the growing construction of smart infrastructures. As a result, many governments throughout the world are investing in the long-term development of energy-efficient and green buildings, boosting demand for electrochemical glass. Furthermore, the growing need for glare-free glass components in automobiles, such as rear- and side-view mirrors, windshields, windows, and so on, is fueling global market growth.

Market Overview:

Electrochemical glass, often called dynamic glass, is a type of electronically tinted glass that is utilised in windows, mirrors, doors, and other indoor applications. By lowering the G factor and light transition of glass, electrochemical glass aids to prevent overheating in heavily glazed spaces, keeping the interiors cooler and cutting costs on air conditioning. Thus, these glasses are commonly utilised in a variety of industries, such as automotive, construction, aerospace, and marine. The glass is a tintable glass that can be electronically tinted and is used for windows, skylights, facades, and curtain walls. Electrochromic glass, which can be controlled directly by building occupants, is popular because it improves occupant comfort, increases access to daylight and outdoor views, lowers energy costs, and gives architects more design freedom.

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Market Dynamics:

Drivers:
  • Rising demand for energy efficient solutions

Increasing demand for energy efficient solutions, control of heat based on ambient temperature, emerging green building initiatives, rapid investments in setting up industrial-scale manufacturing capacities, escalating technology scalability potential, and rapid carbon emission are all factors driving the electrochemical glass market growth. Supportive government policies and growing municipal and government agency concerns about environmental issues further contribute to the global growth of the electrochemical glass market.

  • Rise in construction activities

Other key drivers driving revenue growth in the global electrochemical glass market include an increase in construction activities, as well as smart cities and infrastructure projects. Governments in a variety of nations are spending heavily in the long-term development of energy-efficient green buildings, which is fueling market growth.

Restraints:
  • Lack of technical experts

The global electrochemical glass market may be hampered by a lack of technical specialists and public awareness.

Opportunities:
  • Increase in demand for glare-free glass components

The need for glare-free glass components in automobiles, including as side and rear-view mirrors, windshields, and windows, is increasing, which is boosting market revenue. These glasses help to reduce excessive glaze, improve vehicle efficiency, improve passenger comfort, keep the interior temperature consistent.

  • Technological advancements

To keep ahead in a highly competitive market, smartphone manufacturers are steadily developing electrochemical glass displays. Vivo released a phone with color-changing rear glass in September 2020, while OnePlus used the same technology in their smartphone to obscure the rear camera when not in use.

The market is predicted to increase significantly due to the development and deployment of more advanced and innovative technologies.

Challenges:
  • High cost

The market's growth is hindered by the high cost of electrochemical glass and a lack of innovation.

Segmentation Analysis:

The global electrochemical glass market has been segmented based on resin type, product, end-use industry and regions.

  • The resin type segment is divided into nanocrystal, viologen, transition metal oxide (TMO), reflective hydride, polymer. The nanocrystal segment had a significant market share in 2020. Nanomaterials have enormous promise for improving the efficiency, speed, and durability of electrochromic smart windows. Nanoparticles, on the other hand, vary in size, shape, and surface flaws, and it’s unclear how nanoparticle heterogeneity affects particle-dependent electrochromic characteristics.
  • The product segment includes windows, doors, mirrors, displays, sunglasses, others. The door segment revenue is anticipated to increase at a steady rate over the forecast period. Electrochemical glasses are used in windows because they have a lower environmental impact and to save costs. Due to a variety of factors, electrochemical glass decreases the demand for air conditioning by keeping the room cool by restricting heat and radiation from sunlight. It also provides privacy and increased security.
  • The end-use industry segment includes commercial, transportation, residential, others. Because numerous automobile manufacturers are using electrochemical glass in windows for antiglare characteristics and dynamic light adjustment, the transportation market accounted for a major revenue share of around 35.5% in 2020. Passengers benefit from electrochemical glass because it decreases heat generation and provides privacy. Sunroofs, skylights, windows, doors, rearview mirrors, and windshields are just a few of the applications for electrochemical glasses. Electrochemical glasses are used in sunglasses to rapidly adjust between several shades of darkness in response to ambient light. These shades come in a variety of colours and are gaining popularity among a growing number of consumers.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe region emerged as the largest market for the global electrochemical glass market with a 36.4% share of the market revenue in 2020.

  • Due to the growing adoption of innovative technical products in countries around Europe, the electrochemical glass market held a considerable revenue share in 2020. Furthermore, the industry is being driven by new construction and renovation activity in the region. The smart home and smart office concept has been gaining pace, which is helping to drive market growth
  • Because of the vast untapped potential in Asia Pacific countries and increased investments in architectural development in the region, emerging economies are likely to experience rapid growth.

Europe Region Electrochemical GlassMarket Share in 2020 - 36.4%

 

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Competitive Analysis:

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

Marvin and Halio, Inc. entered a partnership in April 2021 to introduce electrochemical glasses to residential construction by combining Marvin's high-quality windows and doors with Halio's unique glazing solution. The agreement will offer new and improved indoor experience opportunities for homeowners in the United States.

List of Key Market Players:

  • AGC Inc.
  • Econtrol-Glas GmbH & Co. KG
  • ChromoGenics AB
  • Dupont De Nemours Inc.
  • SAGE Electrochromics (Compagnie De Saint-Gobain)
  • Gentex Corporation, Guardian Industries (Koch Industries Inc)
  • Ravenbrick LLC
  • View Inc.

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Suppliers/Distributors
  • Government Authorities and R&D Institutions
  • Consulting And Research Firm

Report Description:

  • Global Electrochemical Glass Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. The global electrochemical glass market is based on revenue (USD Billion). The report incorporates the market study based on revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global electrochemical glass 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 electrochemical glass based on resin type, product, end-use industry 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 electrochemical glass market. This offers vital and in-depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global electrochemical glass market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, Resin Type 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 in order 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 Electrochemical Glass market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the electrochemical glass market was valued at USD 1.68 billion in 2020 to USD 6.23 billion by 2030.

Global Electrochemical Glass market is growing at a CAGR of 14% during the forecast period 2021-2030.

The global electrochemical glass market has been segmented based on resin type, product, end-use industry and regions. The door segment’s revenue in product segment is anticipated to increase at a steady rate over the forecast period.

The Europe region emerged as the largest market for the electrochemical glass.

Rising demand for energy efficient solutions is the key driving factor for the Electrochemical Glass market.

Lack of technical experts could hamper the market growth.

Increase in demand for glare-free glass components which will provide huge opportunities to the market.

Key players are AGC Inc., Econtrol-Glas GmbH & Co. KG, ChromoGenics AB, Dupont De Nemours Inc., SAGE Electrochromics (Compagnie De Saint-Gobain), Gentex Corporation, Guardian Industries (Koch Industries Inc), Ravenbrick LLC and View Inc.

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 ByResin Type
          4.3.2. Market Attractiveness Analysis ByProduct
          4.3.3. Market Attractiveness Analysis ByEnd use industry
          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. Rising demand for energy-efficient solutions
          5.2.2. Rise in construction activities
    5.3. Restraints
          5.3.1. Lack of technical experts
    5.4. Opportunities
          5.4.1. Increase in demand for glare-free glass components
          5.4.2. Technological advancements
    5.5. Challenges
          5.5.1. High cost

6. Global Electrochemical Glass Market Analysis and Forecast, By Resin Type
    6.1. Segment Overview
    6.2. Nanocrystal
    6.3. Viologen
    6.4. Transition Metal Oxide (TMO)
    6.5. Reflective Hydride
    6.6. Polymer

7. Global Electrochemical Glass Market Analysis and Forecast, By Product
    7.1. Segment Overview
    7.2. Windows
    7.3. Doors
    7.4. Mirrors
    7.5. Displays
    7.6. Sunglasses
    7.7. Others

8. Global Electrochemical Glass Market Analysis and Forecast, By End-use industry
    8.1. Segment Overview
    8.2. Commercial
    8.3. Transportation
    8.4. Residential
    8.5. Others

9. Global Electrochemical Glass 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 Electrochemical Glass Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Electrochemical Glass 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. AGC Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Econtrol-Glas GmbH & Co. KG
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. ChromoGenics AB
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Dupont De Nemours Inc.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. SAGE Electrochromics
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Gentex Corporation
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Guardian Industries
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Ravenbrick LLC
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. View Inc.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis

List of Table

1. Global Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

2. Global Nanocrystal Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

3. Global Viologen Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

4. Global Transition Metal Oxide (TMO) Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

5. Global Reflective Hydride Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

6. Global Polymer Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

7. Global Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

8. Global Windows Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

9. Global Doors Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

10. Global Mirrors Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

11. Global Displays Food Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

12. Global Sunglasses Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

13. Global Others Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

14. Global Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

15. Global Commercial Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

16. Global Transportation Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

17. Global Residential Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

18. Global Others Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

19. Global Electrochemical Glass Market, By Region, 2018-2030 (USD Billion) 

20. North America Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

21. North America Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

22. North America Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

23. U.S. Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

24. U.S. Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

25. U.S. Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

26. Canada Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

27. Canada Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

28. Canada Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

29. Mexico Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

30. Mexico Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

31. Mexico Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

32. Europe Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

33. Europe Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

34. Europe Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

35. Germany Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

36. Germany Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

37. Germany Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

38. France Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

39. France Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

40. France Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

41. U.K. Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

42. U.K. Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

43. U.K. Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

44. Italy Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

45. Italy Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

46. Italy Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

47. Spain Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

48. Spain Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

49. Spain Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

50. Asia Pacific Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

51. Asia Pacific Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

52. Asia Pacific Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

53. Japan Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

54. Japan Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

55. Japan Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

56. China Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

57. China Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

58. China Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

59. India Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

60. India Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

61. India Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

62. South America Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

63. South America Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

64. South America Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

65. Brazil Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

66. Brazil Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

67. Brazil Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

68. Middle East and Africa Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

69. Middle East and Africa Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

70. Middle East and Africa Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

71. UAE Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

72. UAE Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

73. UAE Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

74. South Africa Electrochemical Glass Market, By Resin Type, 2018-2030 (USD Billion) 

75. South Africa Electrochemical Glass Market, By Product, 2018-2030 (USD Billion) 

76. South Africa Electrochemical Glass Market, By End-use industry, 2018-2030 (USD Billion) 

List of Figures 

1. Global Electrochemical Glass market segmentation

2. Electrochemical Glass 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 Electrochemical Glass Market Attractiveness Analysis By Resin Type

9. Global Electrochemical Glass Market  Attractiveness Analysis By Product

10. Global Electrochemical Glass Market Attractiveness Analysis By End-use industry

11. Global Electrochemical Glass Market Attractiveness Analysis By Region

12. Global Electrochemical Glass Market: Dynamics

13. Global Electrochemical Glass Market Share by Resin Type (2020 & 2030)

14. Global Electrochemical Glass Market Share by Product (2020 & 2030)

15. Global Electrochemical Glass Market Share by End-use industry (2020 & 2030)

16. Global Electrochemical Glass Market Share by Regions (2020 & 2030)

17. Global Electrochemical Glass Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global electrochemical glass market based on below-mentioned segments:

Global Electrochemical Glass Market by Type:

  • Nanocrystal
  • Viologen
  • Transition Metal Oxide (TMO)
  • Reflective Hydride
  • Polymer

Global Electrochemical Glass Market by Product:

  • Windows
  • Doors
  • Mirrors
  • Displays
  • Sunglasses
  • Others

Global Electrochemical Glass Market by End-Use Industry:

  • Commercial
  • Transportation
  • Residential
  • Others

Global Electrochemical Glass 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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