|SPA Approach & Deliverables
- A 2-member SPA team was formed to help the client identify potential new markets outside the metal fusion area.
- SPA developed a unique methodology for identifying new application areas in which this technology can be utilized.
- In order to understand the features of vapor trap device, several patents were critically analyzed.
- Based on the understanding, searches for patent and scientific publication were conducted along with web searches.
- Potential markets were identified based on applications outside of the client’s business area.
- Provided a summary report comprising of SWOT analysis, market size and CAGR of identified new markets.