Key Insights
The Latin America Hazardous Location Motor Starters market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 2.25% from 2025 to 2033. This growth is fueled by several key drivers. The expansion of industries such as oil and gas, petrochemicals, and chemical processing in the region necessitates increased safety measures, driving demand for hazardous location motor starters. Stringent safety regulations imposed by governments across Latin America, particularly in Brazil, Mexico, and Argentina, mandate the use of explosion-proof and intrinsically safe motor starters in hazardous environments. Furthermore, rising investments in infrastructure projects, including sewage treatment plants and grain elevators, contribute significantly to market expansion. The increasing adoption of automation and process control systems in industrial settings also boosts demand. However, economic volatility in certain Latin American countries and the high initial investment costs associated with these specialized motor starters may pose challenges to market growth. The market is segmented by application (paint storage areas, coal preparation plants, etc.), country (Brazil, Mexico, Colombia, etc.), type (low voltage, full voltage, etc.), class, division, and hazardous zones, offering diverse opportunities for vendors.
The market segmentation reveals that Brazil, Mexico, and Argentina represent the largest shares of the market, driven by their extensive industrial bases and ongoing infrastructure development. The high-voltage motor starter segment is expected to witness significant growth due to the increasing demand for higher power applications in larger industrial facilities. Within the application segment, oil refineries, petrochemical plants, and chemical storage facilities are projected to be major consumers, reflecting the inherent risks and stringent safety requirements of these operations. Competitive rivalry is intense, with major players such as Rockwell Automation, WEG Industries, Siemens, ABB Group, Schneider Electric, and others vying for market share through product innovation, strategic partnerships, and aggressive marketing strategies. The forecast period of 2025-2033 presents promising growth opportunities, especially for companies that offer innovative solutions, efficient after-sales services, and strong local distribution networks. The market's growth trajectory is likely influenced by ongoing economic conditions, government policies, and technological advancements in motor starter technology.

Latin America Hazardous Location Motor Starters Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Latin America Hazardous Location Motor Starters Market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. The report covers the period 2019-2033, with a focus on the forecast period 2025-2033 and a base year of 2025. Key market segments are analyzed, including applications, countries, types, classes, divisions, and hazardous zones, along with a deep dive into market dynamics, competitive landscape, and future growth potential. The market size is valued in Millions.
Latin America Hazardous Location Motor Starters Market Structure & Innovation Trends
The Latin America Hazardous Location Motor Starters market exhibits a moderately concentrated structure, with key players like Rockwell Automation, WEG Industries, Siemens, ABB Group, and Schneider Electric holding significant market share. Precise figures for market share are unavailable (xx%) for the year 2025, but competitive intensity is high, driven by continuous product innovation and strategic mergers & acquisitions (M&A). Recent M&A activity, such as the October 2021 merger of Rexnord PMC and Regal to form Regal Rexnord Corporation, signifies a consolidation trend, leveraging synergies in manufacturing and technological capabilities. Innovation is driven by the increasing demand for energy-efficient and safer motor starters, stringent safety regulations, and the growing adoption of advanced technologies like Variable Speed Drives (VSDs). Regulatory frameworks, particularly those related to hazardous location classifications (Class I, II, III; Divisions; Zones), heavily influence product development and market access. Product substitutes are limited, primarily focusing on alternative motor control technologies with varying levels of safety and efficiency. The end-user demographics are primarily industrial sectors such as oil & gas, chemicals, and mining. The value of recent M&A deals, while not publicly available for all transactions, is estimated in the range of xx Million.

Latin America Hazardous Location Motor Starters Market Dynamics & Trends
The Latin America Hazardous Location Motor Starters market is poised for significant growth, driven by expanding industrialization, increasing demand for safety and efficiency in hazardous environments, and supportive government regulations. The market is expected to register a CAGR of xx% during the forecast period (2025-2033). Key growth drivers include rising investments in infrastructure projects across several Latin American countries, particularly in Brazil and Mexico. Technological advancements, such as the adoption of intelligent motor starters with predictive maintenance capabilities and improved safety features, further fuel market expansion. Consumer preferences are shifting towards higher efficiency, more reliable, and safer motor starters. However, economic fluctuations, price volatility of raw materials, and competition from low-cost manufacturers pose challenges to sustained growth. Market penetration of advanced motor starters remains relatively low compared to developed regions, presenting considerable growth opportunities. The adoption of IE3 and IE5 efficiency standards, as mandated by the EU Ecodesign Regulation and increasingly adopted globally, significantly impacts the market for Low Voltage motors and overall market trends.

Dominant Regions & Segments in Latin America Hazardous Location Motor Starters Market
Leading Region: Brazil dominates the Latin America Hazardous Location Motor Starters market due to its robust industrial base and significant investments in infrastructure development. Mexico follows as a major market, driven by its automotive and manufacturing sectors.
Leading Country: Brazil's dominance stems from its large-scale industrial operations across various sectors like oil & gas, chemicals, and mining, necessitating a substantial demand for hazardous location motor starters.
Leading Segment (By Application): Oil Refineries and Petrochemical Facilities/Oil Rigs constitute a substantial portion of the market due to the inherent hazardous nature of these operations and the stringent safety regulations. Chemical Storage and Handling Facilities also represent a significant segment.
Leading Segment (By Type): Low Voltage Motor Starters hold the largest market share due to their widespread applicability and cost-effectiveness.
Leading Segment (By Class): Class I hazardous locations (gases and vapors) dominate the market.
Key Drivers (Brazil and Mexico):
- Significant government investments in infrastructure projects.
- Expansion of industrial sectors (oil & gas, chemicals, manufacturing).
- Stringent safety regulations.
- Growing adoption of advanced technologies.
Dominance analysis suggests that the sustained growth of the oil & gas, chemical, and manufacturing sectors in Brazil and Mexico, coupled with supportive government policies and increasing awareness of safety protocols, will further solidify their positions as leading markets within the Latin America region.
Latin America Hazardous Location Motor Starters Market Product Innovations
Recent product innovations focus on enhancing safety, efficiency, and connectivity. Manufacturers are incorporating advanced features such as remote monitoring capabilities, predictive maintenance algorithms, and improved arc flash protection. The integration of VSDs for optimized energy consumption is gaining traction. These innovations cater to the growing demand for sophisticated solutions that minimize downtime, enhance operational efficiency, and ensure worker safety in hazardous environments. The market is seeing a shift toward more compact and modular designs to improve installation flexibility and reduce maintenance costs. These developments contribute to improved market fit and competitive advantage.
Report Scope & Segmentation Analysis
This report provides a comprehensive segmentation analysis across various parameters:
By Application: Paint Storage Areas, Coal Preparation Plants, Sewage Treatment Plants, Oil Refineries, Chemical Storage and Handling Facilities, Grain Elevators, Petrochemical Facilities/Oil Rigs, Others. Each application segment exhibits varying growth projections based on specific industry dynamics and safety regulations.
By Country: Brazil, Mexico, Colombia, Argentina, Others. Market size and growth rates differ significantly across countries due to economic conditions, industrial development, and regulatory frameworks.
By Type: Low Voltage Motor Starter, Full voltage Motor Starter, Manual Motor Starter, Magnetic Motor Starter, Others. Each type segment demonstrates different technological advancements and market penetration.
By Class: Class I, Class II, Class III. Growth projections are influenced by the prevalence of hazardous locations and associated safety requirements.
By Division: Division 1, Division 2. Each division presents distinct safety standards and product requirements, influencing market dynamics.
By Hazardous Zones: Zone 0, Zone 1, Zone 2, Zone 21, Zone 22. The segmentation by hazardous zones reflects the stringent safety protocols and associated demand for specific motor starter designs. Competitive dynamics vary across these segments, influenced by technological advancements and regulatory compliance.
Key Drivers of Latin America Hazardous Location Motor Starters Market Growth
The growth of the Latin America Hazardous Location Motor Starters Market is driven by several key factors:
Stringent Safety Regulations: Increasing emphasis on worker safety in hazardous environments necessitates the adoption of compliant motor starters.
Industrialization and Infrastructure Development: Growing industrial activities and infrastructure investments in various sectors fuels demand for reliable and efficient motor starters.
Technological Advancements: The development of energy-efficient, intelligent, and connected motor starters enhances market appeal.
Economic Growth: Positive economic growth in certain Latin American countries boosts industrial production and investment, thereby increasing demand.
Challenges in the Latin America Hazardous Location Motor Starters Market Sector
Several challenges impede market growth:
Economic Volatility: Economic fluctuations in some Latin American countries can affect investment and demand.
Supply Chain Disruptions: Global supply chain issues can impact the availability and pricing of components.
High Initial Investment Costs: The high cost of advanced motor starters may limit adoption by smaller companies.
Lack of Skilled Labor: A shortage of skilled labor to install and maintain these sophisticated systems can pose a challenge.
Emerging Opportunities in Latin America Hazardous Location Motor Starters Market
The market presents several promising opportunities:
Adoption of Smart Motor Starters: The increasing adoption of connected motor starters for remote monitoring and predictive maintenance opens new avenues.
Focus on Energy Efficiency: Demand for energy-efficient motor starters is rising due to cost savings and sustainability concerns.
Expansion into New Industrial Sectors: Growth in renewable energy, mining, and other sectors presents untapped market potential.
Government Initiatives: Supportive government policies and regulatory frameworks could significantly stimulate market growth.
Leading Players in the Latin America Hazardous Location Motor Starters Market Market
- Rockwell Automation
- WEG Industries
- Siemens
- ABB Group
- Schneider Electric
- R Stahl Inc
- Heatrex
- Eaton
- Emerson Industrial Automation
- GE Industrial Solutions
Key Developments in Latin America Hazardous Location Motor Starters Market Industry
October 2021: Rexnord PMC merged with Regal, creating Regal Rexnord Corporation, expanding capabilities in power transmission solutions and high-efficiency motors.
July 2021: The EU Ecodesign Regulation enforced IE3 and IE5 efficiency standards for Low Voltage motors, influencing product development and market dynamics. ABB actively adapted its products to meet these standards.
Future Outlook for Latin America Hazardous Location Motor Starters Market Market
The Latin America Hazardous Location Motor Starters Market is projected to experience robust growth in the coming years. Continued industrialization, increasing safety concerns, and technological advancements will drive demand. Strategic partnerships, product innovation focusing on energy efficiency and connectivity, and expansion into new market segments will be key success factors for market players. The market’s future is bright, offering significant opportunities for companies to capitalize on this expanding sector.
Latin America Hazardous Location Motor Starters Market Segmentation
-
1. Type
- 1.1. Low Voltage Motor Starter
- 1.2. Full voltage Motor Starter
- 1.3. Manual Motor Starter
- 1.4. Magnetic Motor Starter
- 1.5. Others
-
2. Class
- 2.1. Class I
- 2.2. Class II
- 2.3. Class III
-
3. Division
- 3.1. Division 1
- 3.2. Division 2
-
4. Hazardous Zones
- 4.1. Zone 0
- 4.2. Zone 1
- 4.3. Zone 21
- 4.4. Zone 22
-
5. Applications
- 5.1. Paint Storage Areas
- 5.2. Coal Preparation Plants
- 5.3. Sewage Treatment Plants
- 5.4. Oil Refineries
- 5.5. Chemical Storage and Handling Facilities
- 5.6. Grain Elevators
- 5.7. Petrochemical Facilities/Oil Rigs
- 5.8. Others
Latin America Hazardous Location Motor Starters Market Segmentation By Geography
-
1. Latin America
- 1.1. Brazil
- 1.2. Argentina
- 1.3. Chile
- 1.4. Colombia
- 1.5. Mexico
- 1.6. Peru
- 1.7. Venezuela
- 1.8. Ecuador
- 1.9. Bolivia
- 1.10. Paraguay

Latin America Hazardous Location Motor Starters 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 2.25% 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. Advancements in Technology and Investments in R&D in the Hazardous Locations to Drive the Market; Increasing Demand for Thermal Overload Protection Instruments to Boost the Market
- 3.3. Market Restrains
- 3.3.1. ; Manufacturing of Starters Withstanding Weather Conditions
- 3.4. Market Trends
- 3.4.1. Brazil to hold Significant 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. Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Low Voltage Motor Starter
- 5.1.2. Full voltage Motor Starter
- 5.1.3. Manual Motor Starter
- 5.1.4. Magnetic Motor Starter
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by Class
- 5.2.1. Class I
- 5.2.2. Class II
- 5.2.3. Class III
- 5.3. Market Analysis, Insights and Forecast - by Division
- 5.3.1. Division 1
- 5.3.2. Division 2
- 5.4. Market Analysis, Insights and Forecast - by Hazardous Zones
- 5.4.1. Zone 0
- 5.4.2. Zone 1
- 5.4.3. Zone 21
- 5.4.4. Zone 22
- 5.5. Market Analysis, Insights and Forecast - by Applications
- 5.5.1. Paint Storage Areas
- 5.5.2. Coal Preparation Plants
- 5.5.3. Sewage Treatment Plants
- 5.5.4. Oil Refineries
- 5.5.5. Chemical Storage and Handling Facilities
- 5.5.6. Grain Elevators
- 5.5.7. Petrochemical Facilities/Oil Rigs
- 5.5.8. Others
- 5.6. Market Analysis, Insights and Forecast - by Region
- 5.6.1. Latin America
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Brazil Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 7. Argentina Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 8. Mexico Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 9. Peru Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 10. Chile Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 11. Rest of Latin America Latin America Hazardous Location Motor Starters Market Analysis, Insights and Forecast, 2019-2031
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 Rockwell Automation
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 WEG Industries
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Siemens
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 ABB Group
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Schneider Electric
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 R Stahl Inc
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Heatrex
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Eaton
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 Emerson Industrial Automation
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 GE Industrial Solutions
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.1 Rockwell Automation
List of Figures
- Figure 1: Latin America Hazardous Location Motor Starters Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Latin America Hazardous Location Motor Starters Market Share (%) by Company 2024
List of Tables
- Table 1: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Type 2019 & 2032
- Table 3: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Class 2019 & 2032
- Table 4: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Division 2019 & 2032
- Table 5: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Hazardous Zones 2019 & 2032
- Table 6: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Applications 2019 & 2032
- Table 7: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Brazil Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Argentina Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Mexico Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Peru Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Chile Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Rest of Latin America Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Type 2019 & 2032
- Table 16: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Class 2019 & 2032
- Table 17: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Division 2019 & 2032
- Table 18: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Hazardous Zones 2019 & 2032
- Table 19: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Applications 2019 & 2032
- Table 20: Latin America Hazardous Location Motor Starters Market Revenue Million Forecast, by Country 2019 & 2032
- Table 21: Brazil Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Argentina Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Chile Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Colombia Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Mexico Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Peru Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 27: Venezuela Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Ecuador Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: Bolivia Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: Paraguay Latin America Hazardous Location Motor Starters Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Latin America Hazardous Location Motor Starters Market?
The projected CAGR is approximately 2.25%.
2. Which companies are prominent players in the Latin America Hazardous Location Motor Starters Market?
Key companies in the market include Rockwell Automation, WEG Industries, Siemens, ABB Group, Schneider Electric, R Stahl Inc, Heatrex, Eaton, Emerson Industrial Automation, GE Industrial Solutions.
3. What are the main segments of the Latin America Hazardous Location Motor Starters Market?
The market segments include Type, Class, Division, Hazardous Zones, Applications.
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?
Advancements in Technology and Investments in R&D in the Hazardous Locations to Drive the Market; Increasing Demand for Thermal Overload Protection Instruments to Boost the Market.
6. What are the notable trends driving market growth?
Brazil to hold Significant Share.
7. Are there any restraints impacting market growth?
; Manufacturing of Starters Withstanding Weather Conditions.
8. Can you provide examples of recent developments in the market?
October 2021- Rexnord PMC merged with Regal, creating Regal Rexnord Corporation. This merger leverages the manufacturing facilities in engineering, power transmission solutions, high-efficiency motors, and systems.
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.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Latin America Hazardous Location Motor Starters 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 Latin America Hazardous Location Motor Starters 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 Latin America Hazardous Location Motor Starters Market?
To stay informed about further developments, trends, and reports in the Latin America Hazardous Location Motor Starters 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