Key Insights
The Asia-Pacific AC electric motor market is experiencing robust growth, driven by increasing industrial automation, renewable energy adoption, and infrastructure development across the region. The market, valued at approximately $XX million in 2025 (assuming a logical extrapolation from the provided CAGR and market size), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.10% from 2025 to 2033. Key drivers include the burgeoning demand for energy-efficient motors in various end-user industries, particularly oil & gas, power generation, and water & wastewater treatment. The rising adoption of smart manufacturing practices and Industry 4.0 technologies further fuels market expansion. Growth is further segmented by motor type, with AC induction motors holding a significant market share due to their cost-effectiveness and reliability. However, the demand for high-efficiency AC synchronous and PMAC motors is increasing, driven by stringent energy efficiency regulations and the need for precise control in various applications. China, India, and Japan represent the largest national markets within the region, fueled by robust industrial activity and government initiatives promoting energy efficiency.
Significant trends shaping the market include the increasing preference for premium efficiency motors, the integration of smart sensors and digital technologies for predictive maintenance, and the growing adoption of variable speed drives (VSDs) to optimize energy consumption. While the market faces some restraints, such as the fluctuating prices of raw materials and supply chain disruptions, the overall growth trajectory remains positive. The presence of established global players like ABB, Siemens, and Nidec, alongside regional manufacturers, fosters innovation and competition, ultimately benefiting end-users. The market's future growth will hinge on further infrastructure development, continued industrialization, and the ongoing adoption of sustainable energy practices across the Asia-Pacific region. Further research into specific sub-segments within this market may reveal additional nuances and opportunities for growth.
This comprehensive report provides an in-depth analysis of the Asia-Pacific AC electric motor market, offering valuable insights for industry stakeholders, investors, and strategic decision-makers. The report covers the period from 2019 to 2033, with 2025 as the base year and a forecast period spanning 2025-2033. Key market segments, including voltage, motor type, end-user industry, and geography, are meticulously analyzed to provide a holistic understanding of market dynamics. Leading players such as ABB Ltd, Weg SA, Nidec Corporation, Siemens AG, Wolong Electric Group, Teco Electric & Machinery Co Ltd, Toshiba Industrial Products and Systems Corporation, and Regal Beloit Corporation are profiled, highlighting their market share, strategies, and competitive landscape.

Asia-Pacific AC Electric Motor Market Market Concentration & Innovation
This section analyzes the market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user trends, and mergers & acquisitions (M&A) activities within the Asia-Pacific AC electric motor market. The market is moderately concentrated, with the top five players holding approximately xx% of the market share in 2025. Innovation is driven by increasing demand for energy-efficient motors, stricter emission regulations, and the growing adoption of automation across various industries.
- Market Concentration: The Herfindahl-Hirschman Index (HHI) for the market is estimated at xx in 2025, indicating a moderately concentrated market.
- Innovation Drivers: The push for higher efficiency standards (e.g., IE4 and beyond) and the integration of smart technologies (IoT, AI) are key innovation drivers.
- Regulatory Frameworks: Government regulations promoting energy efficiency and reducing carbon emissions are significantly influencing market growth.
- Product Substitutes: While AC electric motors dominate, the emergence of alternative technologies, such as servo motors and brushless DC motors, poses a competitive threat, though currently limited.
- End-User Trends: The increasing automation in industries like manufacturing, food & beverage, and oil & gas is fueling demand for high-performance AC motors.
- M&A Activities: The market has witnessed xx M&A deals totaling approximately xx Million in value during the historical period (2019-2024), mostly driven by consolidation efforts and technology acquisition.
Asia-Pacific AC Electric Motor Market Industry Trends & Insights
This section delves into the key market growth drivers, technological disruptions, consumer preferences, and competitive dynamics shaping the Asia-Pacific AC electric motor market. The market is experiencing robust growth, driven by factors such as rapid industrialization, infrastructure development, and rising energy consumption. Technological advancements, such as the development of high-efficiency motors and smart motor technologies, are further accelerating market expansion. The market is expected to witness a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Market penetration of high-efficiency motors is steadily increasing, driven by stringent energy efficiency regulations and cost savings. Competitive dynamics are characterized by intense competition among established players and the emergence of new entrants, leading to price competition and continuous product innovation.

Dominant Markets & Segments in Asia-Pacific AC Electric Motor Market
This section identifies the leading regions, countries, and segments within the Asia-Pacific AC electric motor market.
- Leading Regions/Countries: China holds the largest market share, followed by India and Japan, driven by robust industrial growth and infrastructure development. Australia and New Zealand represent a smaller but steadily growing market.
- Dominant Segments:
- Voltage: The low-voltage segment holds the largest market share due to its wide application across various industries.
- Type of Motor: AC induction motors dominate due to their cost-effectiveness and reliability, although the market share of AC synchronous motors (including PMAC) is growing due to their higher efficiency.
- End-User Industry: The industrial sector, particularly manufacturing, oil & gas, and power generation, constitutes a significant portion of the market demand.
Key Drivers:
- China: Strong industrial growth, government initiatives promoting energy efficiency, and a vast manufacturing base.
- India: Rapid industrialization, increasing urbanization, and government investments in infrastructure projects.
- Japan: Technological advancements, focus on energy efficiency, and a well-established manufacturing sector.
- Australia & New Zealand: Growing mining and resources sector, government focus on renewable energy, and rising industrial automation.
Asia-Pacific AC Electric Motor Market Product Developments
Recent product innovations focus on enhancing efficiency, reducing size and weight, and incorporating smart features for improved performance and monitoring capabilities. Manufacturers are emphasizing energy-efficient designs, advanced control systems, and integrated sensors to meet the growing demand for sustainable and intelligent motor solutions. These advancements are improving the overall performance, reliability, and cost-effectiveness of AC electric motors, enhancing their market fit across diverse industrial applications.
Report Scope & Segmentation Analysis
This report segments the Asia-Pacific AC electric motor market based on voltage (low, medium, high), motor type (AC induction/asynchronous, AC synchronous including PMAC), end-user industry (oil & gas, power generation, water & wastewater, food & beverage, other end-user industries), and country (China, India, Japan, Australia and New Zealand, Rest of Asia Pacific). Each segment is analyzed in detail, providing market size, growth projections, and competitive dynamics. The market size for 2025 is estimated at xx Million, projected to reach xx Million by 2033.
Key Drivers of Asia-Pacific AC Electric Motor Market Growth
The Asia-Pacific AC electric motor market is experiencing substantial growth fueled by several key factors: rapid industrialization across the region, increasing energy demand, government initiatives promoting energy efficiency, and the growing adoption of automation technologies across various industries. The rising investments in renewable energy sources and infrastructure development are also contributing to the market expansion.
Challenges in the Asia-Pacific AC Electric Motor Market Sector
The Asia-Pacific AC electric motor market faces several challenges, including the volatility of raw material prices, supply chain disruptions, intense competition from both established and new market players, and the need to comply with increasingly stringent environmental regulations. These factors can impact profitability and hinder market growth.
Emerging Opportunities in Asia-Pacific AC Electric Motor Market
Emerging opportunities lie in the increasing demand for energy-efficient motors, the adoption of smart motor technologies, and the growth of new applications in renewable energy and electric vehicles. The rising focus on sustainability and automation presents significant growth potential for innovative motor solutions.
Leading Players in the Asia-Pacific AC Electric Motor Market Market
- ABB Ltd
- Weg SA
- Nidec Corporation
- Siemens AG
- Wolong Electric Group
- Teco Electric & Machinery Co Ltd
- Toshiba Industrial Products and Systems Corporation
- Regal Beloit Corporation
Key Developments in Asia-Pacific AC Electric Motor Market Industry
- 2024-Q4: ABB Ltd. launched a new range of energy-efficient motors.
- 2023-Q3: Siemens AG announced a strategic partnership with a key raw material supplier.
- 2022-Q2: Weg SA acquired a smaller motor manufacturer, expanding its market share. (Further developments will be added based on actual market events)
Strategic Outlook for Asia-Pacific AC Electric Motor Market Market
The Asia-Pacific AC electric motor market is poised for continued growth, driven by strong industrial activity, rising energy demand, and ongoing technological advancements. The focus on energy efficiency, smart technologies, and sustainability will shape future market dynamics. Opportunities exist for manufacturers who can offer innovative, cost-effective, and environmentally friendly motor solutions catering to diverse industry needs.
Asia-Pacific AC Electric Motor Market Segmentation
-
1. Voltage
- 1.1. Low
- 1.2. Medium
- 1.3. High
-
2. Type of Motor
- 2.1. AC Induction/Asynchronous
- 2.2. AC Synchronous (including PMAC)
-
3. End User Industry
- 3.1. Oil & Gas
- 3.2. Power Generation
- 3.3. Water & Wastewater
- 3.4. Food & Beverage
- 3.5. Other End User Industries
Asia-Pacific AC Electric Motor Market 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 AC Electric Motor 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 5.10% 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 Need for High Power Density and Higher Energy Efficiency; Increasing Awareness on PMAC Motors
- 3.3. Market Restrains
- 3.3.1. High Cost of Adoption
- 3.4. Market Trends
- 3.4.1. Low Voltage Segment is Expected to Grow at a Significant Rate Over the Forecast Period
- 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 AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Voltage
- 5.1.1. Low
- 5.1.2. Medium
- 5.1.3. High
- 5.2. Market Analysis, Insights and Forecast - by Type of Motor
- 5.2.1. AC Induction/Asynchronous
- 5.2.2. AC Synchronous (including PMAC)
- 5.3. Market Analysis, Insights and Forecast - by End User Industry
- 5.3.1. Oil & Gas
- 5.3.2. Power Generation
- 5.3.3. Water & Wastewater
- 5.3.4. Food & Beverage
- 5.3.5. Other End User Industries
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Voltage
- 6. China Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 7. Japan Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 8. India Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 9. South Korea Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 10. Taiwan Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 11. Australia Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 ABB Ltd
- 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 Weg SA
- 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 Nidec 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 Siemens AG
- 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 Wolong Electric Group
- 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 Teco Electric & Machinery Co Ltd
- 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 Toshiba Industrial Products and Systems Corporation
- 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 Regal Beloit Corporation
- 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)
- 13.2.1 ABB Ltd
List of Figures
- Figure 1: Asia-Pacific AC Electric Motor Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Asia-Pacific AC Electric Motor Market Share (%) by Company 2024
List of Tables
- Table 1: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 4: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Voltage 2019 & 2032
- Table 5: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Type of Motor 2019 & 2032
- Table 6: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Type of Motor 2019 & 2032
- Table 7: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 8: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by End User Industry 2019 & 2032
- Table 9: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Region 2019 & 2032
- Table 11: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Country 2019 & 2032
- Table 13: China Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: China Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 15: Japan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Japan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 17: India Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: India Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 19: South Korea Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: South Korea Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 21: Taiwan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Taiwan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 23: Australia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Australia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 25: Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Rest of Asia-Pacific Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 27: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Voltage 2019 & 2032
- Table 28: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Voltage 2019 & 2032
- Table 29: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Type of Motor 2019 & 2032
- Table 30: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Type of Motor 2019 & 2032
- Table 31: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 32: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by End User Industry 2019 & 2032
- Table 33: Asia-Pacific AC Electric Motor Market Revenue Million Forecast, by Country 2019 & 2032
- Table 34: Asia-Pacific AC Electric Motor Market Volume K Units Forecast, by Country 2019 & 2032
- Table 35: China Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: China Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 37: Japan Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: Japan Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 39: South Korea Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: South Korea Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 41: India Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: India Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 43: Australia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: Australia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 45: New Zealand Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: New Zealand Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 47: Indonesia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Indonesia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 49: Malaysia Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Malaysia Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 51: Singapore Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 52: Singapore Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 53: Thailand Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 54: Thailand Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 55: Vietnam Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 56: Vietnam Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 57: Philippines Asia-Pacific AC Electric Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 58: Philippines Asia-Pacific AC Electric Motor Market Volume (K Units) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific AC Electric Motor Market?
The projected CAGR is approximately 5.10%.
2. Which companies are prominent players in the Asia-Pacific AC Electric Motor Market?
Key companies in the market include ABB Ltd, Weg SA, Nidec Corporation, Siemens AG, Wolong Electric Group, Teco Electric & Machinery Co Ltd, Toshiba Industrial Products and Systems Corporation, Regal Beloit Corporation.
3. What are the main segments of the Asia-Pacific AC Electric Motor Market?
The market segments include Voltage, Type of Motor, 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 Need for High Power Density and Higher Energy Efficiency; Increasing Awareness on PMAC Motors.
6. What are the notable trends driving market growth?
Low Voltage Segment is Expected to Grow at a Significant Rate Over the Forecast Period.
7. Are there any restraints impacting market growth?
High Cost of Adoption.
8. Can you provide examples of recent developments in the market?
N/A
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 Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific AC Electric Motor 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 Asia-Pacific AC Electric Motor 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 Asia-Pacific AC Electric Motor Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific AC Electric Motor 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