Global Elevators Modernization Market Research Report 2022

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Elevators Modernization Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
1.2.2 Hydraulic
1.2.3 Traction
1.3 Market by Application
1.3.1 Global Elevators Modernization Market Share by Application: 2017 VS 2021 VS 2028
1.3.2 Transportation
1.3.3 Industrial
1.3.4 Residential Buildings
1.3.5 Institutional
1.3.6 Marine
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Elevators Modernization Market Perspective (2017-2028)
2.2 Elevators Modernization Growth Trends by Region
2.2.1 Elevators Modernization Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Elevators Modernization Historic Market Size by Region (2017-2022)
2.2.3 Elevators Modernization Forecasted Market Size by Region (2023-2028)
2.3 Elevators Modernization Market Dynamics
2.3.1 Elevators Modernization Industry Trends
2.3.2 Elevators Modernization Market Drivers
2.3.3 Elevators Modernization Market Challenges
2.3.4 Elevators Modernization Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Elevators Modernization Players by Revenue
3.1.1 Global Top Elevators Modernization Players by Revenue (2017-2022)
3.1.2 Global Elevators Modernization Revenue Market Share by Players (2017-2022)
3.2 Global Elevators Modernization Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Elevators Modernization Revenue
3.4 Global Elevators Modernization Market Concentration Ratio
3.4.1 Global Elevators Modernization Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Elevators Modernization Revenue in 2021
3.5 Elevators Modernization Key Players Head office and Area Served
3.6 Key Players Elevators Modernization Product Solution and Service
3.7 Date of Enter into Elevators Modernization Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Elevators Modernization Breakdown Data by Type
4.1 Global Elevators Modernization Historic Market Size by Type (2017-2022)
4.2 Global Elevators Modernization Forecasted Market Size by Type (2023-2028)
5 Elevators Modernization Breakdown Data by Application
5.1 Global Elevators Modernization Historic Market Size by Application (2017-2022)
5.2 Global Elevators Modernization Forecasted Market Size by Application (2023-2028)
6 North America
6.1 North America Elevators Modernization Market Size (2017-2028)
6.2 North America Elevators Modernization Market Size by Country (2017-2022)
6.3 North America Elevators Modernization Market Size by Country (2023-2028)
6.4 United States
6.5 Canada
7 Europe
7.1 Europe Elevators Modernization Market Size (2017-2028)
7.2 Europe Elevators Modernization Market Size by Country (2017-2022)
7.3 Europe Elevators Modernization Market Size by Country (2023-2028)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Elevators Modernization Market Size (2017-2028)
8.2 Asia-Pacific Elevators Modernization Market Size by Country (2017-2022)
8.3 Asia-Pacific Elevators Modernization Market Size by Country (2023-2028)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
9 Latin America
9.1 Latin America Elevators Modernization Market Size (2017-2028)
9.2 Latin America Elevators Modernization Market Size by Country (2017-2022)
9.3 Latin America Elevators Modernization Market Size by Country (2023-2028)
9.4 Mexico
9.5 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Elevators Modernization Market Size (2017-2028)
10.2 Middle East & Africa Elevators Modernization Market Size by Country (2017-2022)
10.3 Middle East & Africa Elevators Modernization Market Size by Country (2023-2028)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
11 Key Players Profiles
11.1 Hitachi Ltd
11.1.1 Hitachi Ltd Company Detail
11.1.2 Hitachi Ltd Business Overview
11.1.3 Hitachi Ltd Elevators Modernization Introduction
11.1.4 Hitachi Ltd Revenue in Elevators Modernization Business (2017-2022)
11.1.5 Hitachi Ltd Recent Development
11.2 Hyundai Elevator Co., Ltd.
11.2.1 Hyundai Elevator Co., Ltd. Company Detail
11.2.2 Hyundai Elevator Co., Ltd. Business Overview
11.2.3 Hyundai Elevator Co., Ltd. Elevators Modernization Introduction
11.2.4 Hyundai Elevator Co., Ltd. Revenue in Elevators Modernization Business (2017-2022)
11.2.5 Hyundai Elevator Co., Ltd. Recent Development
11.3 Doppler S.A.
11.3.1 Doppler S.A. Company Detail
11.3.2 Doppler S.A. Business Overview
11.3.3 Doppler S.A. Elevators Modernization Introduction
11.3.4 Doppler S.A. Revenue in Elevators Modernization Business (2017-2022)
11.3.5 Doppler S.A. Recent Development
11.4 Fujitec Co.,Ltd
11.4.1 Fujitec Co.,Ltd Company Detail
11.4.2 Fujitec Co.,Ltd Business Overview
11.4.3 Fujitec Co.,Ltd Elevators Modernization Introduction
11.4.4 Fujitec Co.,Ltd Revenue in Elevators Modernization Business (2017-2022)
11.4.5 Fujitec Co.,Ltd Recent Development
11.5 Sematic S.p.A
11.5.1 Sematic S.p.A Company Detail
11.5.2 Sematic S.p.A Business Overview
11.5.3 Sematic S.p.A Elevators Modernization Introduction
11.5.4 Sematic S.p.A Revenue in Elevators Modernization Business (2017-2022)
11.5.5 Sematic S.p.A Recent Development
11.6 ThyssenKrupp Elevator AG
11.6.1 ThyssenKrupp Elevator AG Company Detail
11.6.2 ThyssenKrupp Elevator AG Business Overview
11.6.3 ThyssenKrupp Elevator AG Elevators Modernization Introduction
11.6.4 ThyssenKrupp Elevator AG Revenue in Elevators Modernization Business (2017-2022)
11.6.5 ThyssenKrupp Elevator AG Recent Development
11.7 Schindler Group
11.7.1 Schindler Group Company Detail
11.7.2 Schindler Group Business Overview
11.7.3 Schindler Group Elevators Modernization Introduction
11.7.4 Schindler Group Revenue in Elevators Modernization Business (2017-2022)
11.7.5 Schindler Group Recent Development
11.8 Johnson Lifts Private Ltd
11.8.1 Johnson Lifts Private Ltd Company Detail
11.8.2 Johnson Lifts Private Ltd Business Overview
11.8.3 Johnson Lifts Private Ltd Elevators Modernization Introduction
11.8.4 Johnson Lifts Private Ltd Revenue in Elevators Modernization Business (2017-2022)
11.8.5 Johnson Lifts Private Ltd Recent Development
11.9 Magnetek, Inc.
11.9.1 Magnetek, Inc. Company Detail
11.9.2 Magnetek, Inc. Business Overview
11.9.3 Magnetek, Inc. Elevators Modernization Introduction
11.9.4 Magnetek, Inc. Revenue in Elevators Modernization Business (2017-2022)
11.9.5 Magnetek, Inc. Recent Development
11.10 Richmond Elevator (REM)
11.10.1 Richmond Elevator (REM) Company Detail
11.10.2 Richmond Elevator (REM) Business Overview
11.10.3 Richmond Elevator (REM) Elevators Modernization Introduction
11.10.4 Richmond Elevator (REM) Revenue in Elevators Modernization Business (2017-2022)
11.10.5 Richmond Elevator (REM) Recent Development
11.11 Wittur Group
11.11.1 Wittur Group Company Detail
11.11.2 Wittur Group Business Overview
11.11.3 Wittur Group Elevators Modernization Introduction
11.11.4 Wittur Group Revenue in Elevators Modernization Business (2017-2022)
11.11.5 Wittur Group Recent Development
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Detail
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric Elevators Modernization Introduction
11.12.4 Mitsubishi Electric Revenue in Elevators Modernization Business (2017-2022)
11.12.5 Mitsubishi Electric Recent Development
11.13 Otis Elevator Company
11.13.1 Otis Elevator Company Company Detail
11.13.2 Otis Elevator Company Business Overview
11.13.3 Otis Elevator Company Elevators Modernization Introduction
11.13.4 Otis Elevator Company Revenue in Elevators Modernization Business (2017-2022)
11.13.5 Otis Elevator Company Recent Development
11.14 KONE Corporation
11.14.1 KONE Corporation Company Detail
11.14.2 KONE Corporation Business Overview
11.14.3 KONE Corporation Elevators Modernization Introduction
11.14.4 KONE Corporation Revenue in Elevators Modernization Business (2017-2022)
11.14.5 KONE Corporation Recent Development
11.15 Toshiba Elevator and Building Systems Corporation (TOSHIBA)
11.15.1 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Company Detail
11.15.2 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Business Overview
11.15.3 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Elevators Modernization Introduction
11.15.4 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Revenue in Elevators Modernization Business (2017-2022)
11.15.5 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

List of Tables
Table 1. Global Elevators Modernization Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028
Table 2. Key Players of Hydraulic
Table 3. Key Players of Traction
Table 4. Global Elevators Modernization Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028
Table 5. Global Elevators Modernization Market Size by Region (US$ Million): 2017 VS 2021 VS 2028
Table 6. Global Elevators Modernization Market Size by Region (2017-2022) & (US$ Million)
Table 7. Global Elevators Modernization Market Share by Region (2017-2022)
Table 8. Global Elevators Modernization Forecasted Market Size by Region (2023-2028) & (US$ Million)
Table 9. Global Elevators Modernization Market Share by Region (2023-2028)
Table 10. Elevators Modernization Market Trends
Table 11. Elevators Modernization Market Drivers
Table 12. Elevators Modernization Market Challenges
Table 13. Elevators Modernization Market Restraints
Table 14. Global Elevators Modernization Revenue by Players (2017-2022) & (US$ Million)
Table 15. Global Elevators Modernization Market Share by Players (2017-2022)
Table 16. Global Top Elevators Modernization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Elevators Modernization as of 2021)
Table 17. Ranking of Global Top Elevators Modernization Companies by Revenue (US$ Million) in 2021
Table 18. Global 5 Largest Players Market Share by Elevators Modernization Revenue (CR5 and HHI) & (2017-2022)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Elevators Modernization Product Solution and Service
Table 21. Date of Enter into Elevators Modernization Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Elevators Modernization Market Size by Type (2017-2022) & (US$ Million)
Table 24. Global Elevators Modernization Revenue Market Share by Type (2017-2022)
Table 25. Global Elevators Modernization Forecasted Market Size by Type (2023-2028) & (US$ Million)
Table 26. Global Elevators Modernization Revenue Market Share by Type (2023-2028)
Table 27. Global Elevators Modernization Market Size by Application (2017-2022) & (US$ Million)
Table 28. Global Elevators Modernization Revenue Market Share by Application (2017-2022)
Table 29. Global Elevators Modernization Forecasted Market Size by Application (2023-2028) & (US$ Million)
Table 30. Global Elevators Modernization Revenue Market Share by Application (2023-2028)
Table 31. North America Elevators Modernization Market Size by Country (2017-2022) & (US$ Million)
Table 32. North America Elevators Modernization Market Size by Country (2023-2028) & (US$ Million)
Table 33. Europe Elevators Modernization Market Size by Country (2017-2022) & (US$ Million)
Table 34. Europe Elevators Modernization Market Size by Country (2023-2028) & (US$ Million)
Table 35. Asia-Pacific Elevators Modernization Market Size by Region (2017-2022) & (US$ Million)
Table 36. Asia-Pacific Elevators Modernization Market Size by Region (2023-2028) & (US$ Million)
Table 37. Latin America Elevators Modernization Market Size by Country (2017-2022) & (US$ Million)
Table 38. Latin America Elevators Modernization Market Size by Country (2023-2028) & (US$ Million)
Table 39. Middle East & Africa Elevators Modernization Market Size by Country (2017-2022) & (US$ Million)
Table 40. Middle East & Africa Elevators Modernization Market Size by Country (2023-2028) & (US$ Million)
Table 41. Hitachi Ltd Company Detail
Table 42. Hitachi Ltd Business Overview
Table 43. Hitachi Ltd Elevators Modernization Product
Table 44. Hitachi Ltd Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 45. Hitachi Ltd Recent Development
Table 46. Hyundai Elevator Co., Ltd. Company Detail
Table 47. Hyundai Elevator Co., Ltd. Business Overview
Table 48. Hyundai Elevator Co., Ltd. Elevators Modernization Product
Table 49. Hyundai Elevator Co., Ltd. Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 50. Hyundai Elevator Co., Ltd. Recent Development
Table 51. Doppler S.A. Company Detail
Table 52. Doppler S.A. Business Overview
Table 53. Doppler S.A. Elevators Modernization Product
Table 54. Doppler S.A. Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 55. Doppler S.A. Recent Development
Table 56. Fujitec Co.,Ltd Company Detail
Table 57. Fujitec Co.,Ltd Business Overview
Table 58. Fujitec Co.,Ltd Elevators Modernization Product
Table 59. Fujitec Co.,Ltd Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 60. Fujitec Co.,Ltd Recent Development
Table 61. Sematic S.p.A Company Detail
Table 62. Sematic S.p.A Business Overview
Table 63. Sematic S.p.A Elevators Modernization Product
Table 64. Sematic S.p.A Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 65. Sematic S.p.A Recent Development
Table 66. ThyssenKrupp Elevator AG Company Detail
Table 67. ThyssenKrupp Elevator AG Business Overview
Table 68. ThyssenKrupp Elevator AG Elevators Modernization Product
Table 69. ThyssenKrupp Elevator AG Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 70. ThyssenKrupp Elevator AG Recent Development
Table 71. Schindler Group Company Detail
Table 72. Schindler Group Business Overview
Table 73. Schindler Group Elevators Modernization Product
Table 74. Schindler Group Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 75. Schindler Group Recent Development
Table 76. Johnson Lifts Private Ltd Company Detail
Table 77. Johnson Lifts Private Ltd Business Overview
Table 78. Johnson Lifts Private Ltd Elevators Modernization Product
Table 79. Johnson Lifts Private Ltd Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 80. Johnson Lifts Private Ltd Recent Development
Table 81. Magnetek, Inc. Company Detail
Table 82. Magnetek, Inc. Business Overview
Table 83. Magnetek, Inc. Elevators Modernization Product
Table 84. Magnetek, Inc. Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 85. Magnetek, Inc. Recent Development
Table 86. Richmond Elevator (REM) Company Detail
Table 87. Richmond Elevator (REM) Business Overview
Table 88. Richmond Elevator (REM) Elevators Modernization Product
Table 89. Richmond Elevator (REM) Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 90. Richmond Elevator (REM) Recent Development
Table 91. Wittur Group Company Detail
Table 92. Wittur Group Business Overview
Table 93. Wittur Group Elevators ModernizationProduct
Table 94. Wittur Group Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 95. Wittur Group Recent Development
Table 96. Mitsubishi Electric Company Detail
Table 97. Mitsubishi Electric Business Overview
Table 98. Mitsubishi Electric Elevators ModernizationProduct
Table 99. Mitsubishi Electric Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 100. Mitsubishi Electric Recent Development
Table 101. Otis Elevator Company Company Detail
Table 102. Otis Elevator Company Business Overview
Table 103. Otis Elevator Company Elevators ModernizationProduct
Table 104. Otis Elevator Company Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 105. Otis Elevator Company Recent Development
Table 106. KONE Corporation Company Detail
Table 107. KONE Corporation Business Overview
Table 108. KONE Corporation Elevators ModernizationProduct
Table 109. KONE Corporation Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 110. KONE Corporation Recent Development
Table 111. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Company Detail
Table 112. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Business Overview
Table 113. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Elevators ModernizationProduct
Table 114. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Revenue in Elevators Modernization Business (2017-2022) & (US$ Million)
Table 115. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Recent Development
Table 116. Research Programs/Design for This Report
Table 117. Key Data Information from Secondary Sources
Table 118. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Elevators Modernization Market Share by Type: 2021 VS 2028
Figure 2. Hydraulic Features
Figure 3. Traction Features
Figure 4. Global Elevators Modernization Market Share by Application in 2021 & 2028
Figure 5. Transportation Case Studies
Figure 6. Industrial Case Studies
Figure 7. Residential Buildings Case Studies
Figure 8. Institutional Case Studies
Figure 9. Marine Case Studies
Figure 10. Others Case Studies
Figure 11. Elevators Modernization Report Years Considered
Figure 12. Global Elevators Modernization Market Size (US$ Million), Year-over-Year: 2017-2028
Figure 13. Global Elevators Modernization Market Size, (US$ Million), 2017 VS 2021 VS 2028
Figure 14. Global Elevators Modernization Market Share by Region: 2021 VS 2028
Figure 15. Global Elevators Modernization Market Share by Players in 2021
Figure 16. Global Top Elevators Modernization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Elevators Modernization as of 2021)
Figure 17. The Top 10 and 5 Players Market Share by Elevators Modernization Revenue in 2021
Figure 18. North America Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 19. North America Elevators Modernization Market Share by Country (2017-2028)
Figure 20. United States Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 21. Canada Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 22. Europe Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 23. Europe Elevators Modernization Market Share by Country (2017-2028)
Figure 24. Germany Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 25. France Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 26. U.K. Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 27. Italy Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 28. Russia Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 29. Nordic Countries Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 30. Asia-Pacific Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 31. Asia-Pacific Elevators Modernization Market Share by Region (2017-2028)
Figure 32. China Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 33. Japan Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 34. South Korea Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 35. Southeast Asia Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 36. India Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 37. Australia Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 38. Latin America Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 39. Latin America Elevators Modernization Market Share by Country (2017-2028)
Figure 40. Mexico Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 41. Brazil Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 42. Middle East & Africa Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 43. Middle East & Africa Elevators Modernization Market Share by Country (2017-2028)
Figure 44. Turkey Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 45. Saudi Arabia Elevators Modernization Market Size YoY Growth (2017-2028) & (US$ Million)
Figure 46. Hitachi Ltd Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 47. Hyundai Elevator Co., Ltd. Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 48. Doppler S.A. Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 49. Fujitec Co.,Ltd Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 50. Sematic S.p.A Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 51. ThyssenKrupp Elevator AG Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 52. Schindler Group Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 53. Johnson Lifts Private Ltd Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 54. Magnetek, Inc. Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 55. Richmond Elevator (REM) Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 56. Wittur Group Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 57. Mitsubishi Electric Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 58. Otis Elevator Company Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 59. KONE Corporation Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 60. Toshiba Elevator and Building Systems Corporation (TOSHIBA) Revenue Growth Rate in Elevators Modernization Business (2017-2022)
Figure 61. Bottom-up and Top-down Approaches for This Report
Figure 62. Data Triangulation
Figure 63. Key Executives Interviewed

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.