Key Insights
The Asia-Pacific AC Electric Motor market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by increasing industrial automation across key sectors like Oil & Gas, Power Generation, and Water & Wastewater treatment in the region. This growth is further fueled by rising energy efficiency standards and the increasing adoption of renewable energy sources, particularly in China, India, and Japan. The market is segmented by voltage (low, medium, high), motor type (AC induction/asynchronous, AC synchronous including PMAC), and end-user industry. While AC induction motors currently dominate the market due to their cost-effectiveness, the demand for high-efficiency AC synchronous and PMAC motors is steadily increasing, driven by the need for enhanced performance and precision in various applications. The rapid industrialization and infrastructure development initiatives across the Asia-Pacific region, especially in emerging economies like India and China, present significant opportunities for market expansion. However, challenges remain, including the fluctuating prices of raw materials, potential supply chain disruptions, and the need for skilled labor to support the increasing adoption of advanced motor technologies. China, with its extensive manufacturing base and robust industrial sector, is the largest market within the region, followed by India and Japan, which present significant growth prospects due to their burgeoning economies and industrial development. The forecast period of 2025-2033 anticipates a continued strong CAGR of 5.10%, leading to significant market expansion.
The competitive landscape is characterized by a mix of established global players like ABB Ltd, Siemens AG, and Nidec Corporation, and regional players like Wolong Electric Group and Teco Electric & Machinery Co Ltd. These companies are actively engaged in research and development to improve motor efficiency, reduce energy consumption, and enhance functionalities, thus contributing to the overall market growth. The focus on developing energy-efficient and technologically advanced motors, coupled with supportive government policies promoting sustainable industrial practices, further strengthens the growth trajectory of the Asia-Pacific AC Electric Motor market. Furthermore, the integration of smart technologies and the increasing adoption of Industry 4.0 initiatives across the region are likely to drive demand for sophisticated and intelligent AC electric motors in the coming years. Growth is expected to be particularly strong in the segments focusing on high-voltage motors and the PMAC type due to their superior performance and growing demand in advanced industrial settings.

Asia-Pacific AC Electric Motor Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Asia-Pacific AC electric motor market, offering valuable insights for stakeholders across the industry value chain. The study covers the period 2019-2033, with 2025 serving as the base and estimated year. The report meticulously examines market structure, competitive dynamics, industry trends, dominant segments, product innovations, and future growth prospects. Key regions analyzed include China, India, Japan, Australia and New Zealand, and the Rest of Asia Pacific. Market segmentation includes voltage (low, medium, high), motor type (AC induction/asynchronous, AC synchronous including PMAC), and end-user industries (oil & gas, power generation, water & wastewater, food & beverage, and others). Leading players such as ABB Ltd, Weg SA, Nidec Corporation, Siemens AG, Wolong Electric Group, Teco Electric & Machinery Co Ltd, Toshiba Industrial Products and Systems Corporation, and Regal Beloit Corporation are thoroughly profiled.
Asia-Pacific AC Electric Motor Market Market Structure & Competitive Dynamics
The Asia-Pacific AC electric motor market exhibits a moderately concentrated structure, with a few dominant players holding significant market share. The market share of the top five players is estimated at xx%, indicating considerable competition. Innovation is driven by a complex ecosystem comprising established manufacturers, technology providers, and research institutions. Stringent regulatory frameworks, particularly regarding energy efficiency and environmental standards, are shaping market dynamics. Product substitutes, such as servo motors and brushless DC motors, are posing competitive challenges, particularly in niche applications. End-user trends towards automation and Industry 4.0 are fueling demand for high-efficiency, smart motors. The market has witnessed several mergers and acquisitions (M&A) in recent years, with deal values totaling approximately xx Million in the last five years. These M&A activities reflect consolidation efforts and strategic expansions by major players.
- Market Concentration: Top 5 players hold xx% market share (Estimated 2025).
- M&A Activity: Total deal value approximately xx Million (2019-2024).
- Regulatory Landscape: Stringent energy efficiency and environmental standards.
- Innovation Ecosystem: Collaboration between manufacturers, technology providers, and research institutions.
Asia-Pacific AC Electric Motor Market Industry Trends & Insights
The Asia-Pacific AC electric motor market is experiencing robust growth, driven by factors such as rapid industrialization, infrastructure development, and increasing demand for energy-efficient solutions. The market is projected to register a CAGR of xx% during the forecast period (2025-2033). Technological advancements, including the adoption of variable speed drives (VSDs) and smart motor technologies, are enhancing motor efficiency and performance. Consumer preferences are shifting towards energy-efficient and environmentally friendly products. Intense competition among manufacturers is driving innovation and cost reduction. Market penetration of premium energy-efficient motors is gradually increasing, driven by government incentives and growing awareness of energy costs. The market is experiencing a considerable shift toward the adoption of high-efficiency motors to meet rising energy demands and environmental regulations. This trend is expected to continue significantly over the forecast period.

Dominant Markets & Segments in Asia-Pacific AC Electric Motor Market
China remains the dominant market for AC electric motors in the Asia-Pacific region, driven by its massive industrial base, rapid economic growth, and substantial government investments in infrastructure. India is experiencing significant growth fueled by its expanding manufacturing sector and rising energy demand. Japan continues to be a key market due to technological advancements and strong presence of major motor manufacturers. The low voltage segment holds the largest market share, driven by widespread use in residential and commercial applications. The AC induction motor segment dominates the market due to its cost-effectiveness and reliability. The Oil & Gas and Power Generation end-user industries are key drivers, fueled by large-scale projects and rising energy demands.
- Key Drivers for China: Strong industrial base, robust economic growth, government infrastructure investments.
- Key Drivers for India: Expanding manufacturing sector, rising energy consumption.
- Key Drivers for Japan: Technological advancements, established motor manufacturing base.
- Dominant Segment (Voltage): Low Voltage – widespread applications.
- Dominant Segment (Motor Type): AC Induction – cost-effective and reliable.
- Dominant End-User Industries: Oil & Gas, Power Generation – large-scale projects.
Asia-Pacific AC Electric Motor Market Product Innovations
Recent innovations focus on enhancing motor efficiency, durability, and smart capabilities. Manufacturers are incorporating advanced materials, such as rare-earth magnets, and integrating digital technologies, such as IoT sensors and cloud connectivity, to optimize motor performance and improve predictive maintenance. These advancements lead to improved energy efficiency, reduced maintenance costs, and better overall operational performance, enhancing their market fit and competitive advantages.
Report Segmentation & Scope
This report segments the Asia-Pacific AC electric motor market based on voltage (low, medium, high), motor type (AC induction/asynchronous, AC synchronous including PMAC), and end-user industry (oil & gas, power generation, water & wastewater, food & beverage, others). Furthermore, the market is geographically segmented by country (China, India, Japan, Australia and New Zealand, and Rest of Asia Pacific). Each segment's growth projections, market sizes, and competitive dynamics are extensively analyzed. The report also provides granular insights into technological advancements and their impact on market dynamics.
Key Drivers of Asia-Pacific AC Electric Motor Market Growth
Several factors fuel the growth of the Asia-Pacific AC electric motor market. These include increasing industrial automation, expanding infrastructure development across numerous countries in the region, rising energy demands, government initiatives promoting energy efficiency, and technological advancements leading to the development of more efficient and smart motor technologies. Stringent regulations to curb carbon emissions also support the adoption of energy-efficient motors. These factors contribute to the overall market expansion and high demand.
Challenges in the Asia-Pacific AC Electric Motor Market Sector
The Asia-Pacific AC electric motor market faces several challenges. Supply chain disruptions, particularly concerning raw materials and components, impact production and delivery. Fluctuating raw material prices also affect manufacturing costs. Intense competition among manufacturers, including both domestic and international players, necessitates continuous innovation and cost optimization. Furthermore, the complexities of meeting ever-evolving environmental regulations and local standards add significant pressure.
Leading Players in the Asia-Pacific AC Electric Motor Market Market
- ABB Ltd
- Weg SA
- Nidec Corporation
- Siemens AG
- Wolong Electric Group
- Teco Electric & Machinery Co Ltd
- Toshiba Industrial Products and Systems Corporation
- Regal Beloit Corporation
Key Developments in Asia-Pacific AC Electric Motor Market Sector
- January 2023: ABB Ltd launched a new range of energy-efficient motors for industrial applications.
- March 2022: Weg SA acquired a smaller motor manufacturer in India, expanding its market presence.
- (Add further developments with year/month and concise descriptions of their market impact.)
Strategic Asia-Pacific AC Electric Motor Market Market Outlook
The Asia-Pacific AC electric motor market holds significant future potential, driven by continued industrialization, infrastructure expansion, and the growing adoption of smart technologies. Strategic opportunities exist for manufacturers focusing on energy efficiency, smart motor technologies, and customized solutions for specific end-user industries. Expanding into new markets and strengthening supply chain resilience are crucial for sustained success in this dynamic market landscape. The report further predicts a strong outlook for the market, driven by factors such as technological advancements and increasing demand from various end-use industries.
Asia-Pacific AC Electric Motor Market Segmentation
-
1. Voltage
- 1.1. Low
- 1.2. Medium
- 1.3. High
-
2. Type of Motor
- 2.1. AC Induction/Asynchronous
- 2.2. AC Synchronous (including PMAC)
-
3. End User Industry
- 3.1. Oil & Gas
- 3.2. Power Generation
- 3.3. Water & Wastewater
- 3.4. Food & Beverage
- 3.5. Other End User Industries
Asia-Pacific AC Electric Motor Market Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. Japan
- 1.3. South Korea
- 1.4. India
- 1.5. Australia
- 1.6. New Zealand
- 1.7. Indonesia
- 1.8. Malaysia
- 1.9. Singapore
- 1.10. Thailand
- 1.11. Vietnam
- 1.12. Philippines

Asia-Pacific AC Electric Motor Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.10% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Need for High Power Density and Higher Energy Efficiency; Increasing Awareness on PMAC Motors
- 3.3. Market Restrains
- 3.3.1. High Cost of Adoption
- 3.4. Market Trends
- 3.4.1. Low Voltage Segment is Expected to Grow at a Significant Rate Over the Forecast Period
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Voltage
- 5.1.1. Low
- 5.1.2. Medium
- 5.1.3. High
- 5.2. Market Analysis, Insights and Forecast - by Type of Motor
- 5.2.1. AC Induction/Asynchronous
- 5.2.2. AC Synchronous (including PMAC)
- 5.3. Market Analysis, Insights and Forecast - by End User Industry
- 5.3.1. Oil & Gas
- 5.3.2. Power Generation
- 5.3.3. Water & Wastewater
- 5.3.4. Food & Beverage
- 5.3.5. Other End User Industries
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Voltage
- 6. China Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 7. Japan Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 8. India Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 9. South Korea Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 10. Taiwan Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 11. Australia Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 ABB Ltd
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Weg SA
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 Nidec Corporation
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 Siemens AG
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Wolong Electric Group
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Teco Electric & Machinery Co Ltd
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 Toshiba Industrial Products and Systems Corporation
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 Regal Beloit Corporation
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.1 ABB Ltd
List of Figures
- Figure 1: Asia-Pacific AC Electric Motor Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Asia-Pacific AC Electric Motor Market Share (%) by Company 2024
List of Tables
- Table 1: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 4: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Voltage 2019 & 2032
- Table 5: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Type of Motor 2019 & 2032
- Table 6: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Type of Motor 2019 & 2032
- Table 7: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 8: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by End User Industry 2019 & 2032
- Table 9: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Region 2019 & 2032
- Table 11: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Country 2019 & 2032
- Table 13: China Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: China Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 15: Japan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Japan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 17: India Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: India Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 19: South Korea Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: South Korea Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 21: Taiwan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Taiwan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 23: Australia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Australia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 25: Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 27: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 28: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Voltage 2019 & 2032
- Table 29: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Type of Motor 2019 & 2032
- Table 30: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Type of Motor 2019 & 2032
- Table 31: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 32: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by End User Industry 2019 & 2032
- Table 33: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Country 2019 & 2032
- Table 34: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Country 2019 & 2032
- Table 35: China Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: China Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 37: Japan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: Japan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 39: South Korea Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: South Korea Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 41: India Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: India Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 43: Australia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: Australia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 45: New Zealand Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: New Zealand Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 47: Indonesia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Indonesia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 49: Malaysia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Malaysia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 51: Singapore Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 52: Singapore Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 53: Thailand Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 54: Thailand Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 55: Vietnam Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 56: Vietnam Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 57: Philippines Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 58: Philippines Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific AC Electric Motor Market?
The projected CAGR is approximately 5.10%.
2. Which companies are prominent players in the Asia-Pacific AC Electric Motor Market?
Key companies in the market include ABB Ltd, Weg SA, Nidec Corporation, Siemens AG, Wolong Electric Group, Teco Electric & Machinery Co Ltd, Toshiba Industrial Products and Systems Corporation, Regal Beloit Corporation.
3. What are the main segments of the Asia-Pacific AC Electric Motor Market?
The market segments include Voltage, Type of Motor, End User Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Need for High Power Density and Higher Energy Efficiency; Increasing Awareness on PMAC Motors.
6. What are the notable trends driving market growth?
Low Voltage Segment is Expected to Grow at a Significant Rate Over the Forecast Period.
7. Are there any restraints impacting market growth?
High Cost of Adoption.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific AC Electric Motor Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia-Pacific AC Electric Motor Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia-Pacific AC Electric Motor Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific AC Electric Motor Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence