Global Fractional HP Motor Market Analysis 2013-2018 and Forecast 2019-2024
Report ID: 107654 | Mar 2019 | No. of Pages: 92
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Snapshot
A fractional horsepower motor (FHP) is an electric motor with a rated output power of 746 Watts or less. There is no defined minimum output, however, it is generally accepted that a motor with a frame size of less than 35mm square can be referred to as a 'micro-motor'.The term 'fractional' indicates that the motor often has a power rating smaller than one horsepower.
The global Fractional HP Motor market will reach xxx Million USD in 2019 and CAGR xx% 2019-2024. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Fractional HP Motor by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Fractional Brushed Motor
Fractional HP Brushless Motor
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.):
Allied Motion Technologies
Johnson Electric
Regal Beloit
ASMO
Maxon Motor
Weg
Minebea
Ametek
Danaher Motion
Faulhaber
Nidec Corporation
Baldor Electric
Portescap
Groschopp
Precision Microdrives
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Motor Vehicles
Household Appliances
Industrial Machinery
Aerospace
Others
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
A fractional horsepower motor (FHP) is an electric motor with a rated output power of 746 Watts or less. There is no defined minimum output, however, it is generally accepted that a motor with a frame size of less than 35mm square can be referred to as a 'micro-motor'.The term 'fractional' indicates that the motor often has a power rating smaller than one horsepower.
The global Fractional HP Motor market will reach xxx Million USD in 2019 and CAGR xx% 2019-2024. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Fractional HP Motor by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Fractional Brushed Motor
Fractional HP Brushless Motor
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.):
Allied Motion Technologies
Johnson Electric
Regal Beloit
ASMO
Maxon Motor
Weg
Minebea
Ametek
Danaher Motion
Faulhaber
Nidec Corporation
Baldor Electric
Portescap
Groschopp
Precision Microdrives
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Motor Vehicles
Household Appliances
Industrial Machinery
Aerospace
Others
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Table of Contents
1 Industry Overview
1.1 Fractional HP Motor Industry
1.1.1 Overview
1.1.2 Development of Fractional HP Motor
1.2 Market Segment
1.2.1 Upstream
1.2.2 Downstream
1.3 Cost Analysis
2 Industry Environment (PEST Analysis)
2.1 Policy
2.2 Economics
2.3 Sociology
2.4 Technology
3 Fractional HP Motor Market by Type
3.1 By Type
3.1.1 Fractional Brushed Motor
3.1.2 Fractional HP Brushless Motor
3.2 Market Size
3.3 Market Forecast
4 Major Companies List
4.Fractional HP Motor Allied Motion Technologies (Company Profile, Sales Data etc.)
4.2 Johnson Electric (Company Profile, Sales Data etc.)
4.3 Regal Beloit (Company Profile, Sales Data etc.)
4.4 ASMO (Company Profile, Sales Data etc.)
4.5 Maxon Motor (Company Profile, Sales Data etc.)
4.6 Weg (Company Profile, Sales Data etc.)
4.7 Minebea (Company Profile, Sales Data etc.)
4.8 Ametek (Company Profile, Sales Data etc.)
4.9 Danaher Motion (Company Profile, Sales Data etc.)
4.10 Faulhaber (Company Profile, Sales Data etc.)
4.11 Nidec Corporation (Company Profile, Sales Data etc.)
4.12 Baldor Electric (Company Profile, Sales Data etc.)
4.13 Portescap (Company Profile, Sales Data etc.)
4.14 Groschopp (Company Profile, Sales Data etc.)
4.15 Precision Microdrives (Company Profile, Sales Data etc.)
5 Market Competition
5.1 Company Competition
5.2 Regional Market by Company
6 Demand by End Market
6.1 Demand Situation
6.1.1 Demand in Motor Vehicles
6.1.2 Demand in Household Appliances
6.1.3 Demand in Industrial Machinery
6.1.4 Demand in Aerospace
6.1.5 Demand in Others
6.2 Regional Demand Comparison
6.3 Demand Forecast
7 Region Operation
7.1 Regional Production
7.2 Regional Market
7.3 by Region
7.3.1 North America
7.3.1.1 Overview
7.3.1.2 by Country (U.S., Canada, Mexico)
7.3.2 Europe
7.3.2.1 Overview
7.3.2.2 by Country (Germany, U.K., France, Italy, Russia, Spain etc.)
7.3.3 Asia-Pacific
7.3.3.1 Overview
7.3.3.2 by Country (China, India, Japan, Southeast Asia etc.)
7.3.4 South America
7.3.4.1 Overview
7.3.4.2 by Country (Brazil, Argentina etc.)
7.3.5 Middle East & Africa
7.3.5.1 Overview
7.3.5.2 by Country (Saudi Arabia, South Africa etc.)
7.4 Regional Import & Export
7.5 Regional Forecast
8 Marketing & Price
8.1 Price and Margin
8.1.1 Price Trends
8.1.2 Factors of Price Change
8.1.3 Manufacturers Gross Margin Analysis
8.2 Marketing Channel
9 Research Conclusion
LIST OF TABLE
Table Upstream Segment of Fractional HP Motor
Table Application Segment of Fractional HP Motor
Table Global Fractional HP Motor Market 2013-2024, by Application, in USD Million
Table Major Company List of Fractional Brushed Motor
Table Major Company List of Fractional HP Brushless Motor
Table Global Fractional HP Motor Market 2013-2018, by Type, in USD Million
Table Global Fractional HP Motor Market 2013-2018, by Type, in Volume
Table Global Fractional HP Motor Market Forecast 2019-2024, by Type, in USD Million
Table Global Fractional HP Motor Market Forecast 2019-2024, by Type, in Volume
Table Allied Motion Technologies Overview List
Table Fractional HP Motor Business Operation of Allied Motion Technologies (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Johnson Electric Overview List
Table Fractional HP Motor Business Operation of Johnson Electric (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Regal Beloit Overview List
Table Fractional HP Motor Business Operation of Regal Beloit (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table ASMO Overview List
Table Fractional HP Motor Business Operation of ASMO (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Maxon Motor Overview List
Table Fractional HP Motor Business Operation of Maxon Motor (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Weg Overview List
Table Fractional HP Motor Business Operation of Weg (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Minebea Overview List
Table Fractional HP Motor Business Operation of Minebea (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Ametek Overview List
Table Fractional HP Motor Business Operation of Ametek (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Danaher Motion Overview List
Table Fractional HP Motor Business Operation of Danaher Motion (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Faulhaber Overview List
Table Fractional HP Motor Business Operation of Faulhaber (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Nidec Corporation Overview List
Table Fractional HP Motor Business Operation of Nidec Corporation (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Baldor Electric Overview List
Table Fractional HP Motor Business Operation of Baldor Electric (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Portescap Overview List
Table Fractional HP Motor Business Operation of Portescap (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Groschopp Overview List
Table Fractional HP Motor Business Operation of Groschopp (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Precision Microdrives Overview List
Table Fractional HP Motor Business Operation of Precision Microdrives (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Global Fractional HP Motor Sales Revenue 2013-2018, by Company, in USD Million
Table Global Fractional HP Motor Sales Revenue Share, by Company, in USD Million
Table Global Fractional HP Motor Sales Volume 2013-2018, by Company, in Volume
Table Global Fractional HP Motor Sales Volume Share 2013-2018, by Company, in Volume
Table Major Consumers List and Overview
Table Regional Demand Comparison List
Table Major Application in Different Regions
Table Fractional HP Motor Demand Forecast 2019-2024, by Application, in USD Million
Table Fractional HP Motor Demand Forecast 2019-2024, by Application, in Volume
Table Fractional HP Motor Production 2013-2018, by Region, in USD Million
Table Fractional HP Motor Production 2013-2018, by Region, in Volume
Table Global Fractional HP Motor Market 2013-2018, by Region, in USD Million
Table Global Fractional HP Motor Market Share 2013-2018, by Region, in USD Million
Table Global Fractional HP Motor Market 2013-2018, by Region, in Volume
Table Global Fractional HP Motor Market Share 2013-2018, by Region, in Volume
Table North America Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table North America Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Europe Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Europe Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Asia-Pacific Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Asia-Pacific Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table South America Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table South America Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Middle East & Africa Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Middle East & Africa Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Fractional HP Motor Market Forecast 2019-2024, by Region, in USD Million
Table Fractional HP Motor Market Forecast 2019-2024, by Region, in Volume
Table Price Factors List
LIST OF FIGURES
Figure Global Fractional HP Motor Market Growth 2013-2018, by Type, in USD Million
Figure Global Fractional HP Motor Market Growth 2013-2018, by Type, in Volume
Figure North America Fractional HP Motor Market Concentration, in 2018
Figure Europe Fractional HP Motor Market Market Concentration, in 2018
Figure Asia-Pacific Fractional HP Motor MMarket Concentration, in 2018
Figure South America Fractional HP Motor Market Concentration, in 2018
Figure Middle East & Africa Fractional HP Motor Market Concentration, in 2018
Figure Fractional HP Motor Demand in Motor Vehicles, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Motor Vehicles, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Household Appliances, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Household Appliances, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Industrial Machinery, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Industrial Machinery, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Aerospace, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Aerospace, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Others, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Others, 2013-2018, in Volume
Figure North America Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure North America Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Europe Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Europe Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Asia-Pacific Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Asia-Pacific Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure South America Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure South America Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Middle East & Africa Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Middle East & Africa Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Marketing Channels Overview
1 Industry Overview
1.1 Fractional HP Motor Industry
1.1.1 Overview
1.1.2 Development of Fractional HP Motor
1.2 Market Segment
1.2.1 Upstream
1.2.2 Downstream
1.3 Cost Analysis
2 Industry Environment (PEST Analysis)
2.1 Policy
2.2 Economics
2.3 Sociology
2.4 Technology
3 Fractional HP Motor Market by Type
3.1 By Type
3.1.1 Fractional Brushed Motor
3.1.2 Fractional HP Brushless Motor
3.2 Market Size
3.3 Market Forecast
4 Major Companies List
4.Fractional HP Motor Allied Motion Technologies (Company Profile, Sales Data etc.)
4.2 Johnson Electric (Company Profile, Sales Data etc.)
4.3 Regal Beloit (Company Profile, Sales Data etc.)
4.4 ASMO (Company Profile, Sales Data etc.)
4.5 Maxon Motor (Company Profile, Sales Data etc.)
4.6 Weg (Company Profile, Sales Data etc.)
4.7 Minebea (Company Profile, Sales Data etc.)
4.8 Ametek (Company Profile, Sales Data etc.)
4.9 Danaher Motion (Company Profile, Sales Data etc.)
4.10 Faulhaber (Company Profile, Sales Data etc.)
4.11 Nidec Corporation (Company Profile, Sales Data etc.)
4.12 Baldor Electric (Company Profile, Sales Data etc.)
4.13 Portescap (Company Profile, Sales Data etc.)
4.14 Groschopp (Company Profile, Sales Data etc.)
4.15 Precision Microdrives (Company Profile, Sales Data etc.)
5 Market Competition
5.1 Company Competition
5.2 Regional Market by Company
6 Demand by End Market
6.1 Demand Situation
6.1.1 Demand in Motor Vehicles
6.1.2 Demand in Household Appliances
6.1.3 Demand in Industrial Machinery
6.1.4 Demand in Aerospace
6.1.5 Demand in Others
6.2 Regional Demand Comparison
6.3 Demand Forecast
7 Region Operation
7.1 Regional Production
7.2 Regional Market
7.3 by Region
7.3.1 North America
7.3.1.1 Overview
7.3.1.2 by Country (U.S., Canada, Mexico)
7.3.2 Europe
7.3.2.1 Overview
7.3.2.2 by Country (Germany, U.K., France, Italy, Russia, Spain etc.)
7.3.3 Asia-Pacific
7.3.3.1 Overview
7.3.3.2 by Country (China, India, Japan, Southeast Asia etc.)
7.3.4 South America
7.3.4.1 Overview
7.3.4.2 by Country (Brazil, Argentina etc.)
7.3.5 Middle East & Africa
7.3.5.1 Overview
7.3.5.2 by Country (Saudi Arabia, South Africa etc.)
7.4 Regional Import & Export
7.5 Regional Forecast
8 Marketing & Price
8.1 Price and Margin
8.1.1 Price Trends
8.1.2 Factors of Price Change
8.1.3 Manufacturers Gross Margin Analysis
8.2 Marketing Channel
9 Research Conclusion
LIST OF TABLE
Table Upstream Segment of Fractional HP Motor
Table Application Segment of Fractional HP Motor
Table Global Fractional HP Motor Market 2013-2024, by Application, in USD Million
Table Major Company List of Fractional Brushed Motor
Table Major Company List of Fractional HP Brushless Motor
Table Global Fractional HP Motor Market 2013-2018, by Type, in USD Million
Table Global Fractional HP Motor Market 2013-2018, by Type, in Volume
Table Global Fractional HP Motor Market Forecast 2019-2024, by Type, in USD Million
Table Global Fractional HP Motor Market Forecast 2019-2024, by Type, in Volume
Table Allied Motion Technologies Overview List
Table Fractional HP Motor Business Operation of Allied Motion Technologies (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Johnson Electric Overview List
Table Fractional HP Motor Business Operation of Johnson Electric (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Regal Beloit Overview List
Table Fractional HP Motor Business Operation of Regal Beloit (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table ASMO Overview List
Table Fractional HP Motor Business Operation of ASMO (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Maxon Motor Overview List
Table Fractional HP Motor Business Operation of Maxon Motor (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Weg Overview List
Table Fractional HP Motor Business Operation of Weg (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Minebea Overview List
Table Fractional HP Motor Business Operation of Minebea (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Ametek Overview List
Table Fractional HP Motor Business Operation of Ametek (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Danaher Motion Overview List
Table Fractional HP Motor Business Operation of Danaher Motion (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Faulhaber Overview List
Table Fractional HP Motor Business Operation of Faulhaber (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Nidec Corporation Overview List
Table Fractional HP Motor Business Operation of Nidec Corporation (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Baldor Electric Overview List
Table Fractional HP Motor Business Operation of Baldor Electric (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Portescap Overview List
Table Fractional HP Motor Business Operation of Portescap (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Groschopp Overview List
Table Fractional HP Motor Business Operation of Groschopp (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Precision Microdrives Overview List
Table Fractional HP Motor Business Operation of Precision Microdrives (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Global Fractional HP Motor Sales Revenue 2013-2018, by Company, in USD Million
Table Global Fractional HP Motor Sales Revenue Share, by Company, in USD Million
Table Global Fractional HP Motor Sales Volume 2013-2018, by Company, in Volume
Table Global Fractional HP Motor Sales Volume Share 2013-2018, by Company, in Volume
Table Major Consumers List and Overview
Table Regional Demand Comparison List
Table Major Application in Different Regions
Table Fractional HP Motor Demand Forecast 2019-2024, by Application, in USD Million
Table Fractional HP Motor Demand Forecast 2019-2024, by Application, in Volume
Table Fractional HP Motor Production 2013-2018, by Region, in USD Million
Table Fractional HP Motor Production 2013-2018, by Region, in Volume
Table Global Fractional HP Motor Market 2013-2018, by Region, in USD Million
Table Global Fractional HP Motor Market Share 2013-2018, by Region, in USD Million
Table Global Fractional HP Motor Market 2013-2018, by Region, in Volume
Table Global Fractional HP Motor Market Share 2013-2018, by Region, in Volume
Table North America Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table North America Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Europe Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Europe Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Asia-Pacific Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Asia-Pacific Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table South America Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table South America Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Middle East & Africa Fractional HP Motor Market Size 2013-2018, by Country, in USD Million
Table Middle East & Africa Fractional HP Motor Market Size 2013-2018, by Country, in Volume
Table Fractional HP Motor Market Forecast 2019-2024, by Region, in USD Million
Table Fractional HP Motor Market Forecast 2019-2024, by Region, in Volume
Table Price Factors List
LIST OF FIGURES
Figure Global Fractional HP Motor Market Growth 2013-2018, by Type, in USD Million
Figure Global Fractional HP Motor Market Growth 2013-2018, by Type, in Volume
Figure North America Fractional HP Motor Market Concentration, in 2018
Figure Europe Fractional HP Motor Market Market Concentration, in 2018
Figure Asia-Pacific Fractional HP Motor MMarket Concentration, in 2018
Figure South America Fractional HP Motor Market Concentration, in 2018
Figure Middle East & Africa Fractional HP Motor Market Concentration, in 2018
Figure Fractional HP Motor Demand in Motor Vehicles, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Motor Vehicles, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Household Appliances, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Household Appliances, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Industrial Machinery, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Industrial Machinery, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Aerospace, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Aerospace, 2013-2018, in Volume
Figure Fractional HP Motor Demand in Others, 2013-2018, in USD Million
Figure Fractional HP Motor Demand in Others, 2013-2018, in Volume
Figure North America Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure North America Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Europe Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Europe Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Asia-Pacific Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Asia-Pacific Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure South America Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure South America Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Middle East & Africa Fractional HP Motor Market Size and Growth 2013-2018, in USD Million
Figure Middle East & Africa Fractional HP Motor Market Size and Growth 2013-2018, in Volume
Figure Marketing Channels Overview
1. This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
2. It provides a forward looking perspective on different factors driving or restraining market growth
3. It provides a ten-year forecast assessed on the basis of how the market is expected to grow
4. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segments
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