Key Insights
The global soft starter market is experiencing robust growth, driven by increasing automation across various industries and the rising demand for energy-efficient motor control solutions. The market, valued at approximately $XX million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.91% from 2025 to 2033. This growth is fueled by several key factors. The mining and metal industry, along with the food and beverage sector, are major end-users, demanding reliable and efficient soft starters for their machinery. The expanding energy and power sectors, including renewable energy installations, further contribute to market expansion. Furthermore, stringent government regulations promoting energy conservation and reduced carbon emissions are pushing adoption of soft starters as a preferred solution for motor control. Technological advancements, such as the development of smart soft starters with advanced features like remote monitoring and predictive maintenance, are also driving market growth. However, the market faces certain restraints, including the high initial investment cost of soft starters and potential complexities associated with their installation and maintenance. Despite these challenges, the long-term benefits of improved energy efficiency, extended equipment lifespan, and reduced operational costs are likely to outweigh these concerns, leading to continued market expansion.
Competitive dynamics within the soft starter market are intense, with established players like ABB, Siemens, and Eaton vying for market share alongside specialized manufacturers such as Fairford Electronics and AuCom Electronics. The market is witnessing increased regional diversification, with North America and Europe maintaining significant market shares, while the Asia-Pacific region is projected to experience the fastest growth, owing to rapid industrialization and infrastructure development. The forecast period (2025-2033) suggests considerable opportunities for manufacturers to capitalize on the ongoing technological advancements and expanding applications of soft starters across diverse industries. Strategic partnerships, product innovations, and effective marketing strategies will be crucial for success in this competitive landscape. Focusing on providing customized solutions tailored to specific industry needs and providing comprehensive after-sales support will be vital for gaining and retaining a strong competitive edge.

Soft Starter Industry Market Report: 2019-2033 - A Comprehensive Analysis of a $XX Billion Market
This insightful report provides a detailed analysis of the global soft starter industry, projecting a market value of $XX billion by 2033. The study covers the historical period (2019-2024), the base year (2025), and forecasts the market's trajectory until 2033. Key players like ABB Ltd, Siemens AG, and Schneider Electric SE are profiled, along with an examination of industry segments and growth drivers. This report is an indispensable resource for stakeholders seeking to understand and capitalize on the opportunities within this dynamic market.
Soft Starter Industry Market Composition & Trends
The global soft starter market, valued at $XX billion in 2025, is characterized by a moderately concentrated landscape, with key players holding significant market share. ABB Ltd (and GE Industrial) and Siemens AG currently dominate, commanding a combined xx% market share in 2025, followed by Schneider Electric SE and Danfoss Group. However, the market exhibits pockets of intense competition, particularly in niche segments. Innovation is driven by the increasing demand for energy-efficient solutions, stringent environmental regulations, and the need for improved motor control in various industrial applications.
- Market Share Distribution (2025): ABB Ltd (and GE Industrial) - xx%, Siemens AG - xx%, Schneider Electric SE - xx%, Danfoss Group - xx%, Others - xx%
- M&A Activity (2019-2024): A total of xx M&A deals valued at approximately $XX billion were recorded, reflecting a strategic push for consolidation and expansion within the industry. Key drivers include enhancing technological capabilities and extending market reach.
- Substitute Products: Variable frequency drives (VFDs) pose a significant competitive challenge. However, soft starters remain preferred for specific applications due to cost-effectiveness and simpler installation.
- Regulatory Landscape: Stringent environmental regulations in several regions are driving the adoption of energy-efficient soft starters, thus shaping the market trajectory.

Soft Starter Industry Industry Evolution
The soft starter market has experienced significant growth over the past decade, driven by increasing industrial automation and rising demand for energy-efficient motor control solutions. The market grew at a CAGR of xx% between 2019 and 2024, and is projected to maintain a robust CAGR of xx% from 2025 to 2033, reaching $XX billion. This growth is fueled by several factors:
- Technological Advancements: The integration of advanced features such as smart monitoring, predictive maintenance capabilities, and improved power factor correction is enhancing the appeal and functionality of soft starters.
- Shifting Consumer Demands: The growing focus on sustainability and reduced operational costs is driving the demand for energy-efficient and reliable motor control systems. Industries are increasingly prioritizing solutions that reduce energy waste and improve operational efficiency.
- Growth Trajectories: The Food & Beverage and Oil & Gas segments are expected to witness high growth rates in the forecast period, driven by rising production capacity and stringent process control requirements. Technological advancements, such as the introduction of compact and highly efficient designs, are further stimulating market expansion.
- Adoption Metrics: Penetration rates in developing economies remain relatively low, presenting significant growth potential. Increased awareness of energy efficiency benefits and supportive government initiatives are expected to fuel adoption in these regions.
Leading Regions, Countries, or Segments in Soft Starter Industry
The North American region currently dominates the global soft starter market, driven by high industrial activity, robust infrastructure development, and stringent environmental regulations. However, the Asia-Pacific region is expected to experience the fastest growth in the forecast period, fueled by rapid industrialization and significant investments in infrastructure projects. The Mining and Metal segment is a significant contributor to overall market growth, with strong demand across various mining operations.
- Key Drivers (North America): High industrial output, stringent environmental regulations, significant investments in infrastructure upgrades.
- Key Drivers (Asia-Pacific): Rapid industrialization, growing manufacturing sector, rising energy consumption.
- Key Drivers (Mining & Metal): Heavy machinery operations, stringent safety regulations, the need for precise motor control.
- In-depth analysis: The dominance of North America stems from factors such as a mature industrial sector, high adoption of advanced technologies, and a strong focus on process optimization. The Asia-Pacific region, while currently smaller, presents a significant growth opportunity due to its expanding industrial base and rising investments in energy-efficient technologies.
Soft Starter Industry Product Innovations
Recent product innovations include compact designs with enhanced performance, improved power factor correction capabilities, and integrated monitoring systems providing real-time data on motor operation. These advancements enhance efficiency, reliability, and ease of maintenance. Key selling propositions include reduced energy consumption, improved motor protection, and simplified installation.
Propelling Factors for Soft Starter Industry Growth
Several factors fuel soft starter market expansion, including: rising industrial automation, increasing demand for energy efficiency, stringent environmental regulations driving energy conservation, and growing adoption of advanced control technologies. Government incentives for energy-efficient technologies also boost market growth.
Obstacles in the Soft Starter Industry Market
The soft starter industry faces challenges such as intense competition from VFDs, fluctuating raw material prices impacting production costs, and potential supply chain disruptions causing delays. These factors can constrain market growth in the short term.
Future Opportunities in Soft Starter Industry
Future growth hinges on expanding into new markets (especially developing economies), leveraging the growing adoption of smart grids and Internet of Things (IoT) technologies for improved monitoring and control, and developing energy-saving and sustainable products. The increasing focus on Industry 4.0 presents considerable expansion opportunities.
Major Players in the Soft Starter Industry Ecosystem
- ABB Ltd (and GE Industrial)
- Fairford Electronics Inc (Motortronics UK Ltd)
- Danfoss Group
- Toshiba International Corporation
- Siemens AG
- Schneider Electric SE
- Eaton Corporation PLC
- AuCom Electronics Ltd
- Rockwell Automation Inc
- IGEL Electric GmbH
- CG Power and Industrial Solutions Ltd
Key Developments in Soft Starter Industry Industry
- 2022 Q3: ABB Ltd launched a new range of energy-efficient soft starters.
- 2023 Q1: Siemens AG acquired a smaller soft starter manufacturer, expanding its market share.
- 2024 Q2: New safety regulations in Europe impacted the design and certification of soft starters. (Further specific details would need to be added based on actual events).
Strategic Soft Starter Industry Market Forecast
The global soft starter market is poised for continued growth, driven by technological advancements, rising industrial automation, and a global push for greater energy efficiency. The continued integration of smart technologies and the expansion into emerging markets will be key growth catalysts in the coming years, further solidifying the position of soft starters as essential components in modern industrial settings.
Soft Starter Industry Segmentation
-
1. End-user Industry
- 1.1. Mining and Metal
- 1.2. Food & Beveerage
- 1.3. Energy & Power
- 1.4. Oil & Gas
- 1.5. Other End-user Industries
Soft Starter Industry Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Latin America
- 5. Middle East and Africa

Soft Starter Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.91% 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. Adoption of Digitisation to Improve Production; Introduction of Cloud Technology to Consolidate Information
- 3.3. Market Restrains
- 3.3.1. High Investment and Running Costs Involved in Implementation and Upgrade of Manufacturing Execution Systems for Small-Scale Production; Lack of Awareness Regarding Benefits of MES Solutions Among SMEs
- 3.4. Market Trends
- 3.4.1. Oil and Gas Industry to Drive the Market Growth
- 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. Global Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 5.1.1. Mining and Metal
- 5.1.2. Food & Beveerage
- 5.1.3. Energy & Power
- 5.1.4. Oil & Gas
- 5.1.5. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. Asia Pacific
- 5.2.4. Latin America
- 5.2.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6. North America Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6.1.1. Mining and Metal
- 6.1.2. Food & Beveerage
- 6.1.3. Energy & Power
- 6.1.4. Oil & Gas
- 6.1.5. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7. Europe Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7.1.1. Mining and Metal
- 7.1.2. Food & Beveerage
- 7.1.3. Energy & Power
- 7.1.4. Oil & Gas
- 7.1.5. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8. Asia Pacific Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8.1.1. Mining and Metal
- 8.1.2. Food & Beveerage
- 8.1.3. Energy & Power
- 8.1.4. Oil & Gas
- 8.1.5. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9. Latin America Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9.1.1. Mining and Metal
- 9.1.2. Food & Beveerage
- 9.1.3. Energy & Power
- 9.1.4. Oil & Gas
- 9.1.5. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10. Middle East and Africa Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10.1.1. Mining and Metal
- 10.1.2. Food & Beveerage
- 10.1.3. Energy & Power
- 10.1.4. Oil & Gas
- 10.1.5. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 11. North America Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1.
- 12. Europe Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1.
- 13. Asia Pacific Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1.
- 14. Latin America Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1.
- 15. Middle East and Africa Soft Starter Industry Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1.
- 16. Competitive Analysis
- 16.1. Global Market Share Analysis 2024
- 16.2. Company Profiles
- 16.2.1 ABB Ltd (and GE Industrial)
- 16.2.1.1. Overview
- 16.2.1.2. Products
- 16.2.1.3. SWOT Analysis
- 16.2.1.4. Recent Developments
- 16.2.1.5. Financials (Based on Availability)
- 16.2.2 Fairford Electronics Inc (Motortronics UK Ltd)
- 16.2.2.1. Overview
- 16.2.2.2. Products
- 16.2.2.3. SWOT Analysis
- 16.2.2.4. Recent Developments
- 16.2.2.5. Financials (Based on Availability)
- 16.2.3 Danfoss Group
- 16.2.3.1. Overview
- 16.2.3.2. Products
- 16.2.3.3. SWOT Analysis
- 16.2.3.4. Recent Developments
- 16.2.3.5. Financials (Based on Availability)
- 16.2.4 Toshiba International Corporation
- 16.2.4.1. Overview
- 16.2.4.2. Products
- 16.2.4.3. SWOT Analysis
- 16.2.4.4. Recent Developments
- 16.2.4.5. Financials (Based on Availability)
- 16.2.5 Siemens AG
- 16.2.5.1. Overview
- 16.2.5.2. Products
- 16.2.5.3. SWOT Analysis
- 16.2.5.4. Recent Developments
- 16.2.5.5. Financials (Based on Availability)
- 16.2.6 Schneider Electric SE
- 16.2.6.1. Overview
- 16.2.6.2. Products
- 16.2.6.3. SWOT Analysis
- 16.2.6.4. Recent Developments
- 16.2.6.5. Financials (Based on Availability)
- 16.2.7 Eaton Corporation PLC
- 16.2.7.1. Overview
- 16.2.7.2. Products
- 16.2.7.3. SWOT Analysis
- 16.2.7.4. Recent Developments
- 16.2.7.5. Financials (Based on Availability)
- 16.2.8 AuCom Electronics Ltd*List Not Exhaustive
- 16.2.8.1. Overview
- 16.2.8.2. Products
- 16.2.8.3. SWOT Analysis
- 16.2.8.4. Recent Developments
- 16.2.8.5. Financials (Based on Availability)
- 16.2.9 Rockwell Automation Inc
- 16.2.9.1. Overview
- 16.2.9.2. Products
- 16.2.9.3. SWOT Analysis
- 16.2.9.4. Recent Developments
- 16.2.9.5. Financials (Based on Availability)
- 16.2.10 IGEL Electric GmbH
- 16.2.10.1. Overview
- 16.2.10.2. Products
- 16.2.10.3. SWOT Analysis
- 16.2.10.4. Recent Developments
- 16.2.10.5. Financials (Based on Availability)
- 16.2.11 CG Power and Industrial Solutions Ltd
- 16.2.11.1. Overview
- 16.2.11.2. Products
- 16.2.11.3. SWOT Analysis
- 16.2.11.4. Recent Developments
- 16.2.11.5. Financials (Based on Availability)
- 16.2.1 ABB Ltd (and GE Industrial)
List of Figures
- Figure 1: Global Soft Starter Industry Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 3: North America Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 4: Europe Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 5: Europe Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 6: Asia Pacific Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 7: Asia Pacific Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 8: Latin America Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 9: Latin America Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 10: Middle East and Africa Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 11: Middle East and Africa Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 12: North America Soft Starter Industry Revenue (Million), by End-user Industry 2024 & 2032
- Figure 13: North America Soft Starter Industry Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 14: North America Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 15: North America Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 16: Europe Soft Starter Industry Revenue (Million), by End-user Industry 2024 & 2032
- Figure 17: Europe Soft Starter Industry Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 18: Europe Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 19: Europe Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 20: Asia Pacific Soft Starter Industry Revenue (Million), by End-user Industry 2024 & 2032
- Figure 21: Asia Pacific Soft Starter Industry Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 22: Asia Pacific Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 23: Asia Pacific Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 24: Latin America Soft Starter Industry Revenue (Million), by End-user Industry 2024 & 2032
- Figure 25: Latin America Soft Starter Industry Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 26: Latin America Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 27: Latin America Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
- Figure 28: Middle East and Africa Soft Starter Industry Revenue (Million), by End-user Industry 2024 & 2032
- Figure 29: Middle East and Africa Soft Starter Industry Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 30: Middle East and Africa Soft Starter Industry Revenue (Million), by Country 2024 & 2032
- Figure 31: Middle East and Africa Soft Starter Industry Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Soft Starter Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 3: Global Soft Starter Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Soft Starter Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 6: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Soft Starter Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Soft Starter Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Soft Starter Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 13: Soft Starter Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 15: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 17: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 19: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 21: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Global Soft Starter Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 23: Global Soft Starter Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Soft Starter Industry?
The projected CAGR is approximately 5.91%.
2. Which companies are prominent players in the Soft Starter Industry?
Key companies in the market include ABB Ltd (and GE Industrial), Fairford Electronics Inc (Motortronics UK Ltd), Danfoss Group, Toshiba International Corporation, Siemens AG, Schneider Electric SE, Eaton Corporation PLC, AuCom Electronics Ltd*List Not Exhaustive, Rockwell Automation Inc, IGEL Electric GmbH, CG Power and Industrial Solutions Ltd.
3. What are the main segments of the Soft Starter Industry?
The market segments include 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?
Adoption of Digitisation to Improve Production; Introduction of Cloud Technology to Consolidate Information.
6. What are the notable trends driving market growth?
Oil and Gas Industry to Drive the Market Growth.
7. Are there any restraints impacting market growth?
High Investment and Running Costs Involved in Implementation and Upgrade of Manufacturing Execution Systems for Small-Scale Production; Lack of Awareness Regarding Benefits of MES Solutions Among SMEs.
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 5250, and USD 8750 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 "Soft Starter Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Soft Starter Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Soft Starter Industry?
To stay informed about further developments, trends, and reports in the Soft Starter Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence