Research Methodology – Electric Drives Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Electric Drives Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Electric Drives Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Volume of production and consumption of electric drives in different regions.
- Current and predicted sales revenues.
- Comparative analysis of major market players in terms of offerings and sales figures.
- Market penetration level of electric drives in different industries such as automotive, electric vehicle, industrial automation etc.
- Market share of different types of electric drives such as AC drives, DC drives, servo drives, etc.
- Analysis of the exports and imports of electric drives across different regions.
- Market dynamics such as market drivers, restraints, opportunities, and challenges.
Key Market Indicators
- Growth rate of the overall electric equipment industry.
- Adoption rate of electric vehicles and related infrastructure.
- Investments made in renewable and sustainable energy sector.
- Demographic trends influencing the demand for advanced industrial machinery.
- Policy and regulatory landscape for electric vehicles and industrial automation.
- Trends in international trade of electronic and electric equipment.
Growth Trends
- Increasing demand for energy-efficient industrial solutions.
- Rise in the level of industrial automation and use of robotics.
- Growth in the adoption of electric vehicles and associated infrastructures.
- Increasing investments in technological advancements in the field of electric drives.
- Growth of industries such as automotive and electronics, leading to an increased demand for electric drives.
- Global initiatives for carbon emission reduction promoting the use of electric drives.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Electric Drives Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Electric Drives Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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