Key Insights
The Asia-Pacific industrial pumps market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.90% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the region's burgeoning industrial sectors, particularly oil and gas, chemicals and petrochemicals, and power generation, are significantly increasing demand for reliable and efficient pumping solutions. Secondly, rising investments in infrastructure development across countries like China, India, and Japan are creating substantial opportunities for pump manufacturers. Furthermore, the increasing adoption of advanced technologies, such as smart pumps with predictive maintenance capabilities, is further boosting market growth. Stringent environmental regulations promoting water conservation and wastewater treatment are also contributing to market expansion. However, challenges remain, including fluctuating raw material prices and potential supply chain disruptions.
Within the Asia-Pacific region, China and India are expected to dominate the market due to their large industrial bases and ongoing infrastructural projects. However, other nations like Japan and South Korea, with their advanced manufacturing sectors, are also significant contributors. The market is segmented by pump type (positive displacement, peristaltic, centrifugal), end-user industry (oil and gas, water and wastewater, etc.), and geography. The positive displacement and centrifugal pump segments are likely to witness substantial growth due to their diverse applications across various industries. Competitive dynamics are intense, with established players like ITT Inc., Sulzer Ltd., and Ebara Corporation vying for market share alongside regional manufacturers like Kirloskar Brothers Limited. The market's future trajectory hinges on sustained industrial growth, technological advancements, and effective government policies supporting sustainable infrastructure development.

Asia-Pacific Industrial Pumps Industry Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Asia-Pacific industrial pumps market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils market dynamics, growth drivers, and challenges, while highlighting key players and emerging opportunities. The market is segmented by type (Positive Displacement, Peristaltic, Centrifugal), end-user industry (Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Pharmaceutical/Life Sciences, Food and Beverage, Other End-user Industries), and country (China, India, Japan, South Korea, Rest of Asia-Pacific). The total market value is projected to reach xx Million by 2033.
Asia-Pacific Industrial Pumps Industry Market Structure & Innovation Trends
This section analyzes the competitive landscape of the Asia-Pacific industrial pumps market, exploring market concentration, innovation drivers, regulatory frameworks, and M&A activities. The market is moderately concentrated, with key players like ITT Inc, Sulzer Ltd, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, KSB SE & Co KGaA, Kirloskar Brothers Limited, Schlumberger Limited, and Atlas Copco holding significant market share. The combined market share of the top five players is estimated at xx%.
- Market Concentration: Moderate, with several large players and numerous smaller regional players.
- Innovation Drivers: Increasing demand for energy-efficient pumps, stringent environmental regulations, and the need for advanced process control systems are driving innovation.
- Regulatory Frameworks: Government initiatives promoting water conservation and industrial efficiency influence market growth and product development.
- Product Substitutes: Alternative technologies, such as air-powered pumps, are posing some competitive pressure, although their market penetration remains limited.
- End-User Demographics: The growth of various end-user industries, particularly in emerging economies, fuels the market's expansion.
- M&A Activities: Recent mergers and acquisitions, such as Atlas Copco's acquisition of HHV Pumps in November 2021 (estimated value: xx Million), indicate a trend of consolidation within the industry. These activities contribute to increased market share for acquiring companies and enhance technological capabilities.

Asia-Pacific Industrial Pumps Industry Market Dynamics & Trends
The Asia-Pacific industrial pumps market exhibits robust growth, driven by expanding industrialization, rising urbanization, and increasing investments in infrastructure projects. The market is expected to register a CAGR of xx% during the forecast period (2025-2033). Technological advancements, such as the adoption of smart pumps and IoT-enabled solutions, are transforming the industry. Consumer preferences are shifting towards energy-efficient, reliable, and easily maintainable pumps. Intense competition among existing players is leading to product differentiation, price optimization, and strategic partnerships. Market penetration of advanced pump technologies is steadily increasing, with adoption rates expected to reach xx% by 2033.

Dominant Regions & Segments in Asia-Pacific Industrial Pumps Industry
China and India dominate the Asia-Pacific industrial pumps market, driven by their rapid economic growth and substantial investments in infrastructure development. The centrifugal pump segment holds the largest market share by type, owing to its versatility and cost-effectiveness. Within end-user industries, the water and wastewater treatment sector exhibits strong growth, propelled by increasing concerns about water scarcity and sanitation.
- Key Drivers in China: Strong industrial growth, government initiatives to improve water infrastructure, and a large manufacturing base.
- Key Drivers in India: Growing industrialization, expanding infrastructure projects, and increasing demand for water treatment solutions.
- Centrifugal Pumps: High volume, cost-effectiveness, and wide applicability in various industries contribute to market dominance.
- Water and Wastewater: Government regulations and increasing focus on water conservation drive high demand for pumps in this segment.
Asia-Pacific Industrial Pumps Industry Product Innovations
Recent product innovations focus on energy efficiency, smart technology integration, and improved operational reliability. The introduction of Grundfos' LC232 Controller in October 2021 exemplifies the trend towards smart agriculture applications. These innovations enhance pump performance, reduce operational costs, and provide enhanced monitoring capabilities, leading to greater market acceptance and competitive advantages.
Report Scope & Segmentation Analysis
This report comprehensively segments the Asia-Pacific industrial pumps market by type (Positive Displacement, Peristaltic, Centrifugal), end-user industry (Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Pharmaceutical/Life Sciences, Food and Beverage, Other End-user Industries), and country (China, India, Japan, South Korea, Rest of Asia-Pacific). Each segment's growth projections, market size, and competitive dynamics are analyzed, providing a granular understanding of market opportunities. The total market size is estimated to reach xx Million in 2025, with projections showing strong growth across all segments.
Key Drivers of Asia-Pacific Industrial Pumps Industry Growth
The Asia-Pacific industrial pumps market growth is driven by several factors, including rapid industrialization and infrastructure development, increasing urbanization leading to higher demand for water and wastewater management solutions, stringent environmental regulations pushing for energy-efficient technologies, and technological advancements leading to smarter, more efficient pumps. Government investments in infrastructure projects across the region significantly contribute to market growth.
Challenges in the Asia-Pacific Industrial Pumps Industry Sector
Challenges include fluctuating raw material prices impacting production costs, intense competition among numerous players leading to price pressures, supply chain disruptions impacting availability, and stringent regulatory compliance requirements increasing operational expenses. These challenges can influence profitability and market expansion for companies in this sector. The impact of these challenges is estimated to reduce overall market growth by approximately xx% during the forecast period.
Emerging Opportunities in Asia-Pacific Industrial Pumps Industry
Emerging opportunities lie in the increasing adoption of smart pumps and IoT solutions, the growing demand for energy-efficient pumps driven by sustainability concerns, expansion into new and untapped markets in the region, and the growing demand for specialized pumps in niche applications within various industries. These areas present significant potential for market growth and expansion.
Leading Players in the Asia-Pacific Industrial Pumps Industry Market
- ITT Inc
- Sulzer Ltd
- Ebara Corporation
- Flowserve Corporation
- Grundfos Holding A/S
- KSB SE & Co KGaA
- Kirloskar Brothers Limited
- Schlumberger Limited
- Atlas Copco
Key Developments in Asia-Pacific Industrial Pumps Industry
- October 2021: Grundfos launched its LC232 Controller, a smart groundwater pump controller for smart agriculture in Indonesia, Thailand, Australia, and New Zealand.
- November 2021: Atlas Copco acquired HHV Pumps, expanding its vacuum pump portfolio in India.
Future Outlook for Asia-Pacific Industrial Pumps Industry Market
The Asia-Pacific industrial pumps market is poised for continued growth, driven by sustained industrial expansion, increasing infrastructure investments, and the adoption of advanced technologies. Strategic partnerships, technological innovations focusing on energy efficiency and smart capabilities, and expansion into niche market segments will be key success factors for companies in this dynamic market. The market shows significant potential for both organic and inorganic growth over the next decade.
Asia-Pacific Industrial Pumps Industry Segmentation
-
1. Type
-
1.1. Positive Displacement
- 1.1.1. Rotary Pump
- 1.1.2. Reciprocating
- 1.1.3. Peristaltic
-
1.2. Centrifugal
- 1.2.1. Single-stage
- 1.2.2. Multi-stage
- 1.2.3. Submersible
- 1.2.4. Others
-
1.1. Positive Displacement
-
2. End-User Industry
- 2.1. Oil and Gas
- 2.2. Water and Wastewater
- 2.3. Chemicals and Petrochemicals
- 2.4. Power Generation
- 2.5. Pharmaceutical/Life Sciences
- 2.6. Food and Beverage
- 2.7. Other End-user Industries
Asia-Pacific Industrial Pumps Industry 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 Industrial Pumps Industry 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 4.90% 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 Investments in Building and Construction; Technological Advancements in Manufacturing
- 3.3. Market Restrains
- 3.3.1. Rise in the privacy and security issues
- 3.4. Market Trends
- 3.4.1. Centrifugal Segment to Hold Significant Market Share
- 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 Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Positive Displacement
- 5.1.1.1. Rotary Pump
- 5.1.1.2. Reciprocating
- 5.1.1.3. Peristaltic
- 5.1.2. Centrifugal
- 5.1.2.1. Single-stage
- 5.1.2.2. Multi-stage
- 5.1.2.3. Submersible
- 5.1.2.4. Others
- 5.1.1. Positive Displacement
- 5.2. Market Analysis, Insights and Forecast - by End-User Industry
- 5.2.1. Oil and Gas
- 5.2.2. Water and Wastewater
- 5.2.3. Chemicals and Petrochemicals
- 5.2.4. Power Generation
- 5.2.5. Pharmaceutical/Life Sciences
- 5.2.6. Food and Beverage
- 5.2.7. Other End-user Industries
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. China Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 7. Japan Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 8. India Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 9. South Korea Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 10. Taiwan Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 11. Australia Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 12. Rest of Asia-Pacific Asia-Pacific Industrial Pumps Industry Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 ITT Inc
- 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 Sulzer Ltd
- 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 Ebara 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 Flowserve Corporation
- 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 Grundfos Holding A/S
- 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 KSB SE & Co KGaA
- 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 Kirloskar Brothers Limited
- 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 Schlumberger Limited
- 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)
- 13.2.9 Atlas Copco
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.1 ITT Inc
List of Figures
- Figure 1: Asia-Pacific Industrial Pumps Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Asia-Pacific Industrial Pumps Industry Share (%) by Company 2024
List of Tables
- Table 1: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Region 2019 & 2032
- Table 3: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 4: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Type 2019 & 2032
- Table 5: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 6: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 7: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Region 2019 & 2032
- Table 9: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 10: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Country 2019 & 2032
- Table 11: China Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: China Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 13: Japan Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Japan Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 15: India Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: India Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 17: South Korea Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: South Korea Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 19: Taiwan Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Taiwan Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 21: Australia Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Australia Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 23: Rest of Asia-Pacific Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Rest of Asia-Pacific Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 25: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 26: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Type 2019 & 2032
- Table 27: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 28: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by End-User Industry 2019 & 2032
- Table 29: Asia-Pacific Industrial Pumps Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Asia-Pacific Industrial Pumps Industry Volume K Unit Forecast, by Country 2019 & 2032
- Table 31: China Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: China Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 33: Japan Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 34: Japan Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 35: South Korea Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: South Korea Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 37: India Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: India Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 39: Australia Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: Australia Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 41: New Zealand Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: New Zealand Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 43: Indonesia Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: Indonesia Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 45: Malaysia Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: Malaysia Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 47: Singapore Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Singapore Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 49: Thailand Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Thailand Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 51: Vietnam Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 52: Vietnam Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 53: Philippines Asia-Pacific Industrial Pumps Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 54: Philippines Asia-Pacific Industrial Pumps Industry Volume (K Unit) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific Industrial Pumps Industry?
The projected CAGR is approximately 4.90%.
2. Which companies are prominent players in the Asia-Pacific Industrial Pumps Industry?
Key companies in the market include ITT Inc , Sulzer Ltd, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, KSB SE & Co KGaA, Kirloskar Brothers Limited, Schlumberger Limited, Atlas Copco.
3. What are the main segments of the Asia-Pacific Industrial Pumps Industry?
The market segments include Type, 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 Investments in Building and Construction; Technological Advancements in Manufacturing.
6. What are the notable trends driving market growth?
Centrifugal Segment to Hold Significant Market Share.
7. Are there any restraints impacting market growth?
Rise in the privacy and security issues.
8. Can you provide examples of recent developments in the market?
October 2021 - Grundfos introduced its LC232 Controller, a new groundwater pump controller expected to help advance smart agriculture in four markets in the Asia Pacific region- Indonesia, Thailand, Australia, and New Zealand. The new offering utilizes smart technology to bring ease of use, monitoring capabilities, and greater connectivity for growers and cattle producers.
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 Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific Industrial Pumps Industry," 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 Industrial Pumps Industry 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 Industrial Pumps Industry?
To stay informed about further developments, trends, and reports in the Asia-Pacific Industrial Pumps Industry, 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