Biomass Boiler Market Developments by 2031
The rapid advancement of industry has resulted in an increase in electricity demand. Biomass Boilers have become an essential piece of industrial and household equipment due to the need for uninterrupted power demand and peak and continuous power requirements. Biomass Boilers are equipment that convert mechanical energy into optimal electrical power for a variety of applications. To properly create and manage current, a biomass boiler unit has many components such as an engine, fuel system, alternator, main assembly, cooling & exhaust system, and others.
MARKET DYNAMICS
Growing investments in constructing new advanced industrial sector establishments, as well as upgrading existing ones, are likely to propel this market forward. Additionally, the demand for biomass boilers is boosted by rising national building investment on energy-efficient infrastructure. For instance, the United States Census Bureau stated in August 2021 that spending on public buildings in the United States was USD 353.3 billion in June 2021, up from USD 332.8 billion in 2021. This is projected to boost the market for biomass boiler sales.
MARKET SCOPE
The "Global Biomass Boiler Market Analysis to 2031" is a specialized and in-depth study of the biomass boiler market with a special focus on the global market trend analysis. The report aims to provide an overview of the biomass boiler market with detailed market segmentation by power rating, fuel type, application, end user and geography. The global biomass boiler market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biomass boiler market players and offers key trends and opportunities in the biomass boiler market.
MARKET SEGMENTATION
The global biomass boiler market is segmented based on power rating, fuel type, application, and end user. Based on power rating, biomass boiler market is segmented into Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA. Based on fuel type, biomass boiler market is segmented into diesel, gas, and others. Based on application, biomass boiler market is segmented into continuous load, peak load, and stand by load. Based on end user, biomass boiler market is segmented into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, telecom, utility, and others.
IMPACT OF COVID-19 ON BIOMASS BOILER MARKET
The unexpected breakout of the new coronavirus has severely disrupted global industrial activities. The number of instances affected has been steadily increasing, prompting several countries to implement a variety of countermeasures such as national lockdowns and social isolation. As a result of the global pandemic, the shutdown of industrial operations has had a significant impact on the market. Growing apprehensions about investing in new projects, restrictions on cross-border trade, deficiencies in required capitals, preventive government measures lowering the workforce, and a slew of other obstacles have all hampered the industry's expansion. For example, the International Energy Agency (IEA) predicted in May 2021 that global investment in the oil and gas industry would plummet by around 33% in 2021 compared to the previous year due to the global financial crisis.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Biomass Boiler Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Biomass Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Biomass Boiler Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the biomass boiler market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Biomass Boiler Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Biomass Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Biomass Boiler Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the biomass boiler market in these regions.
MARKET PLAYERS
The reports cover key developments in the biomass boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from biomass boiler market are anticipated to lucrative growth opportunities in the future with the rising demand for biomass boiler market. Below mentioned is the list of few companies engaged in the biomass boiler market.
The report also includes the profiles of key biomass boiler market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Rolls-Royce
- Caterpillar Inc.
- Atlas Copco
- MAN Energy Solutions
- Zwart Techniek
- Cummins Inc.
- Wacker Neuson
- Himoinsa
- Kohler-SDMO
- Inmesol S.L.U.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biomass Boiler Market - By Feedstock Type
1.3.2 Biomass Boiler Market - By Product Type
1.3.3 Biomass Boiler Market - By End-User
1.3.4 Biomass Boiler Market - By Application
1.3.5 Biomass Boiler Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIOMASS BOILER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. BIOMASS BOILER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIOMASS BOILER MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOMASS BOILER - GLOBAL MARKET OVERVIEW
6.2. BIOMASS BOILER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIOMASS BOILER MARKET - REVENUE AND FORECASTS TO 2028 - FEEDSTOCK TYPE
7.1. OVERVIEW
7.2. FEEDSTOCK TYPE MARKET FORECASTS AND ANALYSIS
7.3. WOODY BIOMASS
7.3.1. Overview
7.3.2. Woody Biomass Market Forecast and Analysis
7.4. AGRICULTURE AND FOREST RESIDUES
7.4.1. Overview
7.4.2. Agriculture and Forest Residues Market Forecast and Analysis
7.5. BIOGAS AND ENERGY CROPS
7.5.1. Overview
7.5.2. Biogas and Energy Crops Market Forecast and Analysis
7.6. URBAN RESIDUES
7.6.1. Overview
7.6.2. Urban Residues Market Forecast and Analysis
8. BIOMASS BOILER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. STOKER BOILERS
8.3.1. Overview
8.3.2. Stoker Boilers Market Forecast and Analysis
8.4. BUBBLING FLUIDIZED BED (BFB) BOILERS
8.4.1. Overview
8.4.2. Bubbling Fluidized Bed (BFB) Boilers Market Forecast and Analysis
8.5. CIRCULATING FLUIDIZED BED (CFB) BOILERS
8.5.1. Overview
8.5.2. Circulating Fluidized Bed (CFB) Boilers Market Forecast and Analysis
9. BIOMASS BOILER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
10. BIOMASS BOILER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. HEATING
10.3.1. Overview
10.3.2. Heating Market Forecast and Analysis
10.4. POWER GENERATION
10.4.1. Overview
10.4.2. Power Generation Market Forecast and Analysis
11. BIOMASS BOILER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Biomass Boiler Market Overview
11.1.2 North America Biomass Boiler Market Forecasts and Analysis
11.1.3 North America Biomass Boiler Market Forecasts and Analysis - By Feedstock Type
11.1.4 North America Biomass Boiler Market Forecasts and Analysis - By Product Type
11.1.5 North America Biomass Boiler Market Forecasts and Analysis - By End-User
11.1.6 North America Biomass Boiler Market Forecasts and Analysis - By Application
11.1.7 North America Biomass Boiler Market Forecasts and Analysis - By Countries
11.1.7.1 United States Biomass Boiler Market
11.1.7.1.1 United States Biomass Boiler Market by Feedstock Type
11.1.7.1.2 United States Biomass Boiler Market by Product Type
11.1.7.1.3 United States Biomass Boiler Market by End-User
11.1.7.1.4 United States Biomass Boiler Market by Application
11.1.7.2 Canada Biomass Boiler Market
11.1.7.2.1 Canada Biomass Boiler Market by Feedstock Type
11.1.7.2.2 Canada Biomass Boiler Market by Product Type
11.1.7.2.3 Canada Biomass Boiler Market by End-User
11.1.7.2.4 Canada Biomass Boiler Market by Application
11.1.7.3 Mexico Biomass Boiler Market
11.1.7.3.1 Mexico Biomass Boiler Market by Feedstock Type
11.1.7.3.2 Mexico Biomass Boiler Market by Product Type
11.1.7.3.3 Mexico Biomass Boiler Market by End-User
11.1.7.3.4 Mexico Biomass Boiler Market by Application
11.2. EUROPE
11.2.1 Europe Biomass Boiler Market Overview
11.2.2 Europe Biomass Boiler Market Forecasts and Analysis
11.2.3 Europe Biomass Boiler Market Forecasts and Analysis - By Feedstock Type
11.2.4 Europe Biomass Boiler Market Forecasts and Analysis - By Product Type
11.2.5 Europe Biomass Boiler Market Forecasts and Analysis - By End-User
11.2.6 Europe Biomass Boiler Market Forecasts and Analysis - By Application
11.2.7 Europe Biomass Boiler Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Biomass Boiler Market
11.2.7.1.1 Germany Biomass Boiler Market by Feedstock Type
11.2.7.1.2 Germany Biomass Boiler Market by Product Type
11.2.7.1.3 Germany Biomass Boiler Market by End-User
11.2.7.1.4 Germany Biomass Boiler Market by Application
11.2.7.2 France Biomass Boiler Market
11.2.7.2.1 France Biomass Boiler Market by Feedstock Type
11.2.7.2.2 France Biomass Boiler Market by Product Type
11.2.7.2.3 France Biomass Boiler Market by End-User
11.2.7.2.4 France Biomass Boiler Market by Application
11.2.7.3 Italy Biomass Boiler Market
11.2.7.3.1 Italy Biomass Boiler Market by Feedstock Type
11.2.7.3.2 Italy Biomass Boiler Market by Product Type
11.2.7.3.3 Italy Biomass Boiler Market by End-User
11.2.7.3.4 Italy Biomass Boiler Market by Application
11.2.7.4 United Kingdom Biomass Boiler Market
11.2.7.4.1 United Kingdom Biomass Boiler Market by Feedstock Type
11.2.7.4.2 United Kingdom Biomass Boiler Market by Product Type
11.2.7.4.3 United Kingdom Biomass Boiler Market by End-User
11.2.7.4.4 United Kingdom Biomass Boiler Market by Application
11.2.7.5 Russia Biomass Boiler Market
11.2.7.5.1 Russia Biomass Boiler Market by Feedstock Type
11.2.7.5.2 Russia Biomass Boiler Market by Product Type
11.2.7.5.3 Russia Biomass Boiler Market by End-User
11.2.7.5.4 Russia Biomass Boiler Market by Application
11.2.7.6 Rest of Europe Biomass Boiler Market
11.2.7.6.1 Rest of Europe Biomass Boiler Market by Feedstock Type
11.2.7.6.2 Rest of Europe Biomass Boiler Market by Product Type
11.2.7.6.3 Rest of Europe Biomass Boiler Market by End-User
11.2.7.6.4 Rest of Europe Biomass Boiler Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Biomass Boiler Market Overview
11.3.2 Asia-Pacific Biomass Boiler Market Forecasts and Analysis
11.3.3 Asia-Pacific Biomass Boiler Market Forecasts and Analysis - By Feedstock Type
11.3.4 Asia-Pacific Biomass Boiler Market Forecasts and Analysis - By Product Type
11.3.5 Asia-Pacific Biomass Boiler Market Forecasts and Analysis - By End-User
11.3.6 Asia-Pacific Biomass Boiler Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Biomass Boiler Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Biomass Boiler Market
11.3.7.1.1 Australia Biomass Boiler Market by Feedstock Type
11.3.7.1.2 Australia Biomass Boiler Market by Product Type
11.3.7.1.3 Australia Biomass Boiler Market by End-User
11.3.7.1.4 Australia Biomass Boiler Market by Application
11.3.7.2 China Biomass Boiler Market
11.3.7.2.1 China Biomass Boiler Market by Feedstock Type
11.3.7.2.2 China Biomass Boiler Market by Product Type
11.3.7.2.3 China Biomass Boiler Market by End-User
11.3.7.2.4 China Biomass Boiler Market by Application
11.3.7.3 India Biomass Boiler Market
11.3.7.3.1 India Biomass Boiler Market by Feedstock Type
11.3.7.3.2 India Biomass Boiler Market by Product Type
11.3.7.3.3 India Biomass Boiler Market by End-User
11.3.7.3.4 India Biomass Boiler Market by Application
11.3.7.4 Japan Biomass Boiler Market
11.3.7.4.1 Japan Biomass Boiler Market by Feedstock Type
11.3.7.4.2 Japan Biomass Boiler Market by Product Type
11.3.7.4.3 Japan Biomass Boiler Market by End-User
11.3.7.4.4 Japan Biomass Boiler Market by Application
11.3.7.5 South Korea Biomass Boiler Market
11.3.7.5.1 South Korea Biomass Boiler Market by Feedstock Type
11.3.7.5.2 South Korea Biomass Boiler Market by Product Type
11.3.7.5.3 South Korea Biomass Boiler Market by End-User
11.3.7.5.4 South Korea Biomass Boiler Market by Application
11.3.7.6 Rest of Asia-Pacific Biomass Boiler Market
11.3.7.6.1 Rest of Asia-Pacific Biomass Boiler Market by Feedstock Type
11.3.7.6.2 Rest of Asia-Pacific Biomass Boiler Market by Product Type
11.3.7.6.3 Rest of Asia-Pacific Biomass Boiler Market by End-User
11.3.7.6.4 Rest of Asia-Pacific Biomass Boiler Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Biomass Boiler Market Overview
11.4.2 Middle East and Africa Biomass Boiler Market Forecasts and Analysis
11.4.3 Middle East and Africa Biomass Boiler Market Forecasts and Analysis - By Feedstock Type
11.4.4 Middle East and Africa Biomass Boiler Market Forecasts and Analysis - By Product Type
11.4.5 Middle East and Africa Biomass Boiler Market Forecasts and Analysis - By End-User
11.4.6 Middle East and Africa Biomass Boiler Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Biomass Boiler Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Biomass Boiler Market
11.4.7.1.1 South Africa Biomass Boiler Market by Feedstock Type
11.4.7.1.2 South Africa Biomass Boiler Market by Product Type
11.4.7.1.3 South Africa Biomass Boiler Market by End-User
11.4.7.1.4 South Africa Biomass Boiler Market by Application
11.4.7.2 Saudi Arabia Biomass Boiler Market
11.4.7.2.1 Saudi Arabia Biomass Boiler Market by Feedstock Type
11.4.7.2.2 Saudi Arabia Biomass Boiler Market by Product Type
11.4.7.2.3 Saudi Arabia Biomass Boiler Market by End-User
11.4.7.2.4 Saudi Arabia Biomass Boiler Market by Application
11.4.7.3 U.A.E Biomass Boiler Market
11.4.7.3.1 U.A.E Biomass Boiler Market by Feedstock Type
11.4.7.3.2 U.A.E Biomass Boiler Market by Product Type
11.4.7.3.3 U.A.E Biomass Boiler Market by End-User
11.4.7.3.4 U.A.E Biomass Boiler Market by Application
11.4.7.4 Rest of Middle East and Africa Biomass Boiler Market
11.4.7.4.1 Rest of Middle East and Africa Biomass Boiler Market by Feedstock Type
11.4.7.4.2 Rest of Middle East and Africa Biomass Boiler Market by Product Type
11.4.7.4.3 Rest of Middle East and Africa Biomass Boiler Market by End-User
11.4.7.4.4 Rest of Middle East and Africa Biomass Boiler Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Biomass Boiler Market Overview
11.5.2 South and Central America Biomass Boiler Market Forecasts and Analysis
11.5.3 South and Central America Biomass Boiler Market Forecasts and Analysis - By Feedstock Type
11.5.4 South and Central America Biomass Boiler Market Forecasts and Analysis - By Product Type
11.5.5 South and Central America Biomass Boiler Market Forecasts and Analysis - By End-User
11.5.6 South and Central America Biomass Boiler Market Forecasts and Analysis - By Application
11.5.7 South and Central America Biomass Boiler Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Biomass Boiler Market
11.5.7.1.1 Brazil Biomass Boiler Market by Feedstock Type
11.5.7.1.2 Brazil Biomass Boiler Market by Product Type
11.5.7.1.3 Brazil Biomass Boiler Market by End-User
11.5.7.1.4 Brazil Biomass Boiler Market by Application
11.5.7.2 Argentina Biomass Boiler Market
11.5.7.2.1 Argentina Biomass Boiler Market by Feedstock Type
11.5.7.2.2 Argentina Biomass Boiler Market by Product Type
11.5.7.2.3 Argentina Biomass Boiler Market by End-User
11.5.7.2.4 Argentina Biomass Boiler Market by Application
11.5.7.3 Rest of South and Central America Biomass Boiler Market
11.5.7.3.1 Rest of South and Central America Biomass Boiler Market by Feedstock Type
11.5.7.3.2 Rest of South and Central America Biomass Boiler Market by Product Type
11.5.7.3.3 Rest of South and Central America Biomass Boiler Market by End-User
11.5.7.3.4 Rest of South and Central America Biomass Boiler Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. BIOMASS BOILER MARKET, KEY COMPANY PROFILES
13.1. BHARAT HEAVY ELECTRICALS LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ECOVISION SYSTEMS LTD.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GARIONI NAVAL SPA
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HARBIN ELECTRIC CORPORATION CO.,LTD
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HURST BOILER AND WELDING CO, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. IHI CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. LAMBION ENERGY SOLUTIONS GMBH
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. MITSUBISHI HITACHI POWER SYSTEMS, LTD.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. STEAM BOILER
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List Of Companies
- Bharat Heavy Electricals Ltd
- Doosan Heavy Industries and Construction
- Ecovision Systems Ltd.
- Garioni Naval SpA
- Harbin Electric Corporation co.,Ltd
- Hurst Boiler and Welding Co, Inc.
- IHI Corporation
- LAMBION Energy Solutions GmbH
- Mitsubishi Hitachi Power Systems, Ltd.
- Steam Boiler
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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