As per Intent Market Research, the Permanent Magnet Motor Market was valued at USD 48.2 Billion in 2024-e and will surpass USD 83.8 Billion by 2030; growing at a CAGR of 9.6% during 2025-2030.
The permanent magnet motor market is gaining traction globally, driven by increasing demand for energy-efficient motors across various industries. These motors are known for their high efficiency, compact design, and superior performance, making them suitable for applications in industrial machinery, automotive, consumer electronics, and renewable energy systems. The market is segmented by motor type, power range, application, end-user industry, and region, with each segment witnessing distinct growth patterns.
Brushless DC Motors Segment is Fastest Growing Owing to Expanding Applications in Consumer Electronics
Brushless DC motors are emerging as the fastest-growing motor type in the permanent magnet motor market. Their high efficiency, long lifespan, and low maintenance requirements make them ideal for consumer electronics, HVAC systems, and robotics.
The growth of this segment is fueled by advancements in technology and the increasing adoption of smart devices. The compact size and energy efficiency of brushless DC motors align with the rising demand for portable and battery-operated electronics, positioning this segment for substantial growth during the forecast period.
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Medium Power Range is Largest Owing to Versatility Across Applications
The medium power range segment, encompassing motors with a power output of 25–100 kW, dominates the market due to its versatility. These motors are widely used in applications such as industrial machinery, automotive systems, and renewable energy solutions.
The segment's growth is attributed to its ability to balance performance and cost, making it suitable for a variety of industrial and commercial needs. The increasing focus on automation and energy-efficient systems in manufacturing further drives demand for medium-power permanent magnet motors.
Automotive Application Segment is Fastest Growing Owing to Demand for Electric Vehicles
The automotive application segment is witnessing the fastest growth, driven by the global shift toward electric vehicles (EVs). Permanent magnet motors, particularly PMSMs, are integral to EV powertrains, offering high torque and efficiency.
Government incentives and stricter emission regulations are accelerating EV adoption, boosting demand for advanced motor technologies. Additionally, ongoing R&D efforts to optimize motor performance and reduce costs are expected to further propel this segment.
Energy & Utilities Sector is Largest Owing to Renewable Energy Integration
The energy & utilities sector is the largest end-user industry for permanent magnet motors. These motors are essential for renewable energy systems, including wind turbines and hydroelectric generators, due to their reliability and efficiency.
The global emphasis on renewable energy generation and grid stability has led to increased adoption of permanent magnet motors in this sector. Their ability to operate at high efficiency and low operating costs makes them a preferred choice for sustainable energy projects worldwide.
Asia-Pacific is Fastest Growing Owing to Rapid Industrialization and EV Adoption
Asia-Pacific is the fastest-growing region in the permanent magnet motor market, driven by rapid industrialization, urbanization, and the increasing adoption of electric vehicles. Countries like China, Japan, and South Korea are at the forefront of deploying advanced motor technologies in manufacturing and transportation.
The region also benefits from government initiatives promoting renewable energy and energy-efficient solutions. As key players invest heavily in R&D and manufacturing capabilities in Asia-Pacific, the region’s dominance is expected to strengthen further.
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Competitive Landscape
The permanent magnet motor market is highly competitive, with leading companies like ABB Ltd., Siemens AG, and Nidec Corporation driving innovation and market growth. These players focus on developing advanced motor technologies to cater to diverse applications, from industrial automation to electric mobility.
Mergers, acquisitions, and strategic collaborations are common strategies to expand product portfolios and geographical reach. For instance, partnerships between motor manufacturers and EV companies are reshaping the competitive dynamics, fostering innovation, and ensuring long-term growth opportunities.
List of Leading Companies:
- ABB Ltd.
- Siemens AG
- General Electric
- Nidec Corporation
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Johnson Electric
- Rockwell Automation
- Regal Rexnord Corporation
- Hitachi Ltd.
- Bosch Rexroth AG
- Allied Motion Technologies
- Yaskawa Electric Corporation
- Baldor Electric Company
- Moog Inc.
Recent Developments:
- Siemens has announced a strategic partnership with Audi to develop advanced permanent magnet motors for future electric vehicle models, focusing on efficiency and performance.
- Nidec Corporation has acquired Emerson Electric's motor division, expanding its portfolio of permanent magnet motors used in various applications, including automotive and industrial machinery.
- ABB has launched a new range of permanent magnet motors designed to improve energy efficiency and reduce operational costs for industrial applications.
- Bosch has introduced new high-efficiency permanent magnet motors specifically for HVAC systems, aimed at reducing energy consumption and improving environmental sustainability.
- Mitsubishi Electric has unveiled a new permanent magnet motor optimized for robotics, offering enhanced precision, compact size, and energy efficiency for automation applications.
Report Scope:
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Report Features |
Description |
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Market Size (2024-e) |
USD 48.2 Billion |
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Forecasted Value (2030) |
USD 83.8 Billion |
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CAGR (2025 – 2030) |
9.6% |
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Base Year for Estimation |
2024-e |
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Historic Year |
2023 |
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Forecast Period |
2025 – 2030 |
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Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
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Segments Covered |
Permanent Magnet Motor Market By Motor Type (Brushless DC Motors, Permanent Magnet Synchronous Motors (PMSM), Permanent Magnet DC Motors), By Power Range (Low Power (<25 kW), Medium Power (25–100 kW), High Power (>100 kW)), By Application (Industrial Machinery, Automotive, Consumer Electronics, Energy Generation, Aerospace & Defense), By End-User Industry (Manufacturing, Automotive & Transportation, Healthcare, Energy & Utilities) |
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Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
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Major Companies |
ABB Ltd., Siemens AG, General Electric, Nidec Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Johnson Electric, Rockwell Automation, Regal Rexnord Corporation, Hitachi Ltd., Bosch Rexroth AG, Allied Motion Technologies, Yaskawa Electric Corporation, Baldor Electric Company, Moog Inc. |
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Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
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1. Introduction |
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1.1. Market Definition |
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1.2. Scope of the Study |
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1.3. Research Assumptions |
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1.4. Study Limitations |
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2. Research Methodology |
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2.1. Research Approach |
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2.1.1. Top-Down Method |
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2.1.2. Bottom-Up Method |
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2.1.3. Factor Impact Analysis |
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2.2. Insights & Data Collection Process |
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2.2.1. Secondary Research |
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2.2.2. Primary Research |
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2.3. Data Mining Process |
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2.3.1. Data Analysis |
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2.3.2. Data Validation and Revalidation |
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2.3.3. Data Triangulation |
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3. Executive Summary |
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3.1. Major Markets & Segments |
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3.2. Highest Growing Regions and Respective Countries |
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3.3. Impact of Growth Drivers & Inhibitors |
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3.4. Regulatory Overview by Country |
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4. Permanent Magnet Motor Market, by Motor Type (Market Size & Forecast: USD Million, 2023 – 2030) |
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4.1. Brushless DC Motors |
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4.2. Permanent Magnet Synchronous Motors (PMSM) |
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4.3. Permanent Magnet DC Motors |
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5. Permanent Magnet Motor Market, by Power Range (Market Size & Forecast: USD Million, 2023 – 2030) |
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5.1. Low Power (<25 kW) |
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5.2. Medium Power (25–100 kW) |
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5.3. High Power (>100 kW) |
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6. Permanent Magnet Motor Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
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6.1. Industrial Machinery |
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6.2. Automotive |
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6.3. Consumer Electronics |
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6.4. Energy Generation |
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6.5. Aerospace & Defense |
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7. Permanent Magnet Motor Market, by End-User Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
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7.1. Manufacturing |
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7.2. Automotive & Transportation |
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7.3. Healthcare |
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7.4. Energy & Utilities |
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7.5. Others |
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8. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
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8.1. Regional Overview |
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8.2. North America |
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8.2.1. Regional Trends & Growth Drivers |
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8.2.2. Barriers & Challenges |
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8.2.3. Opportunities |
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8.2.4. Factor Impact Analysis |
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8.2.5. Technology Trends |
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8.2.6. North America Permanent Magnet Motor Market, by Motor Type |
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8.2.7. North America Permanent Magnet Motor Market, by Power Range |
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8.2.8. North America Permanent Magnet Motor Market, by Application |
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8.2.9. North America Permanent Magnet Motor Market, by End-User Industry |
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8.2.10. By Country |
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8.2.10.1. US |
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8.2.10.1.1. US Permanent Magnet Motor Market, by Motor Type |
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8.2.10.1.2. US Permanent Magnet Motor Market, by Power Range |
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8.2.10.1.3. US Permanent Magnet Motor Market, by Application |
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8.2.10.1.4. US Permanent Magnet Motor Market, by End-User Industry |
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8.2.10.2. Canada |
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8.2.10.3. Mexico |
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*Similar segmentation will be provided for each region and country |
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8.3. Europe |
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8.4. Asia-Pacific |
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8.5. Latin America |
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8.6. Middle East & Africa |
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9. Competitive Landscape |
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9.1. Overview of the Key Players |
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9.2. Competitive Ecosystem |
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9.2.1. Level of Fragmentation |
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9.2.2. Market Consolidation |
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9.2.3. Product Innovation |
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9.3. Company Share Analysis |
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9.4. Company Benchmarking Matrix |
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9.4.1. Strategic Overview |
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9.4.2. Product Innovations |
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9.5. Start-up Ecosystem |
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9.6. Strategic Competitive Insights/ Customer Imperatives |
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9.7. ESG Matrix/ Sustainability Matrix |
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9.8. Manufacturing Network |
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9.8.1. Locations |
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9.8.2. Supply Chain and Logistics |
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9.8.3. Product Flexibility/Customization |
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9.8.4. Digital Transformation and Connectivity |
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9.8.5. Environmental and Regulatory Compliance |
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9.9. Technology Readiness Level Matrix |
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9.10. Technology Maturity Curve |
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9.11. Buying Criteria |
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10. Company Profiles |
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10.1. ABB Ltd. |
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10.1.1. Company Overview |
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10.1.2. Company Financials |
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10.1.3. Product/Service Portfolio |
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10.1.4. Recent Developments |
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10.1.5. IMR Analysis |
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*Similar information will be provided for other companies |
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10.2. Siemens AG |
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10.3. General Electric |
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10.4. Nidec Corporation |
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10.5. Toshiba Corporation |
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10.6. Mitsubishi Electric Corporation |
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10.7. Johnson Electric |
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10.8. Rockwell Automation |
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10.9. Regal Rexnord Corporation |
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10.10. Hitachi Ltd. |
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10.11. Bosch Rexroth AG |
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10.12. Allied Motion Technologies |
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10.13. Yaskawa Electric Corporation |
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10.14. Baldor Electric Company |
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10.15. Moog Inc. |
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11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Permanent Magnet Motor Market In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Permanent Magnet Motor Market The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
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Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Permanent Magnet Motor Market These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
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Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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