Biomass for Electricity Generation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Biomass fuel is a renewable source of energy, which is derived from organic material, a sustainable and renewable source of energy, that creates electricity or other forms of power. Fossil fuels are not only scarce and non-renewable but also harmful to the environment and impact the health of people around the world. For these reasons, clean and renewable energy sources like biomass are, making it an ideal solution for power generation. Technological advances and innovations can reduce installation costs and inefficiencies beyond the constraints on the development of the global Biomass for Electricity Generation Market.
MARKET SCOPE
The "Global Biomass for Electricity Generation Market Analysis 2031" is a specialized and in-depth study of the biomass for electricity generation market with a special focus on the global market trend analysis. The report aims to provide an overview of biomass for electricity generation market with detailed market segmentation by feedstock, application, and geography. The global biomass for electricity generation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biomass for electricity generation market players and offers key trends and opportunities in the biomass for electricity generation market.
MARKET SEGMENTATION
- The global biomass for electricity generation market is segmented on the basis of feedstock, technology, and application.
- Based on feedstock, the market is divided into solid biomass, liquid biomass, biogas, and municipal solid waste.
- Based on application, the market is segmented into residential, commercial, and industrial.
- Based on technology, the market is segmented into combustion, gasification, and pyrolysis.
MARKET DYNAMICS
Drivers-
- Increase in use of renewable sources of energy and surge in demand from power production companies are driving the need for solid biomass.
- Upsurge in demand for environment-friendly renewable sources of energy act as an opportunity for the biomass for electricity generation market, as the use of renewable energy would help to improve public health and reduce global warming.
Restraints
- Mismanagement of biomass and lack of awareness among developing economies can restrict market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biomass for electricity generation market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The biomass for electricity generation market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting biomass for the electricity generation market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive pestle analysis of the global scenario.
IMPACT OF COVID-19 ON BIOMASS FOR ELECTRICITY GENERATION MARKET
The global biomass fuel market has been severely impacted by the outbreak of the COVID-19 pandemic. Power producers that rely on peak prices for revenue could be adversely affected by COVID-19, especially coal and natural gas. Low peak demand can lead to less fossil fuel use and relatively more renewable energy use in the power generation stack. Most renewable energy projects have long-term PPAs and are likely to have a low impact on the bottom line. However, merchant projects without a PPA are expected to be affected by lower market prices. Demand for electricity was down during the pandemic in 2021 across Europe and India with confinement measures but steadily recovered as measures were gradually softened. Research and development activities in the field of power generation from biomass are also contributing to the market growth. Market players are investing heavily in their R&D activities to improve profitability. A large investment could ultimately have a positive impact on the overall biomass power generation market. For instance, in October 2021, Siemens Energy announced its first biorefinery in Germany. The biorefinery is the first industrial-scale facility of this type ever built. Such developments are contributing to the recovery and growth of the biomass for electricity generation market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biomass for electricity generation market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The biomass for electricity generation market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting biomass for the electricity generation market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive pestle analysis of the global scenario.
IMPACT OF COVID-19 ON BIOMASS FOR ELECTRICITY GENERATION MARKET
The global biomass fuel market has been severely impacted by the outbreak of the COVID-19 pandemic. Power producers that rely on peak prices for revenue could be adversely affected by COVID-19, especially coal and natural gas. Low peak demand can lead to less fossil fuel use and relatively more renewable energy use in the power generation stack. Most renewable energy projects have long-term PPAs and are likely to have a low impact on the bottom line. However, merchant projects without a PPA are expected to be affected by lower market prices. Demand for electricity was down during the pandemic in 2021 across Europe and India with confinement measures but steadily recovered as measures were gradually softened. Research and development activities in the field of power generation from biomass are also contributing to the market growth. Market players are investing heavily in their R&D activities to improve profitability. A large investment could ultimately have a positive impact on the overall biomass power generation market. For instance, in October 2021, Siemens Energy announced its first biorefinery in Germany. The biorefinery is the first industrial-scale facility of this type ever built. Such developments are contributing to the recovery and growth of the biomass for electricity generation market.
MARKET PLAYERS
The reports cover key developments in the biomass for the electricity generation 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 for the electricity generation market are anticipated to lucrative growth opportunities in the future with the rising demand for explosive ordnance disposal in the global market. Below mentioned is the list of few companies engaged in the biomass for the electricity generation market.
The report also includes the profiles of key biomass for the electricity generation 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.
- Babcock & Wilcox Enterprises Inc.
- E.ON SE
- General Electric Co.
- John Wood Group Plc
- Thermax Ltd.
- Valmet Oyj
- Acciona SA
- AmerescInc
- Andritz AG
- Vattenfall AB.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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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 For Electricity Generation Market - By Feedstock
1.3.2 Biomass For Electricity Generation Market - By Application
1.3.3 Biomass For Electricity Generation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIOMASS FOR ELECTRICITY GENERATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BIOMASS FOR ELECTRICITY GENERATION 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 FOR ELECTRICITY GENERATION MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOMASS FOR ELECTRICITY GENERATION - GLOBAL MARKET OVERVIEW
6.2. BIOMASS FOR ELECTRICITY GENERATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BIOMASS FOR ELECTRICITY GENERATION MARKET - REVENUE AND FORECASTS TO 2028 - FEEDSTOCK
7.1. OVERVIEW
7.2. FEEDSTOCK MARKET FORECASTS AND ANALYSIS
7.3. SOLID BIOMASS
7.3.1. Overview
7.3.2. Solid biomass Market Forecast and Analysis
7.4. BIOGAS
7.4.1. Overview
7.4.2. Biogas Market Forecast and Analysis
7.5. LIQUID BIOMASS
7.5.1. Overview
7.5.2. Liquid biomass Market Forecast and Analysis
7.6. MUNICIPAL SOLID WASTE
7.6.1. Overview
7.6.2. Municipal solid waste Market Forecast and Analysis
8. BIOMASS FOR ELECTRICITY GENERATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. BIOMASS FOR ELECTRICITY GENERATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biomass For Electricity Generation Market Overview
9.1.2 North America Biomass For Electricity Generation Market Forecasts and Analysis
9.1.3 North America Biomass For Electricity Generation Market Forecasts and Analysis - By Feedstock
9.1.4 North America Biomass For Electricity Generation Market Forecasts and Analysis - By Application
9.1.5 North America Biomass For Electricity Generation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biomass For Electricity Generation Market
9.1.5.1.1 United States Biomass For Electricity Generation Market by Feedstock
9.1.5.1.2 United States Biomass For Electricity Generation Market by Application
9.1.5.2 Canada Biomass For Electricity Generation Market
9.1.5.2.1 Canada Biomass For Electricity Generation Market by Feedstock
9.1.5.2.2 Canada Biomass For Electricity Generation Market by Application
9.1.5.3 Mexico Biomass For Electricity Generation Market
9.1.5.3.1 Mexico Biomass For Electricity Generation Market by Feedstock
9.1.5.3.2 Mexico Biomass For Electricity Generation Market by Application
9.2. EUROPE
9.2.1 Europe Biomass For Electricity Generation Market Overview
9.2.2 Europe Biomass For Electricity Generation Market Forecasts and Analysis
9.2.3 Europe Biomass For Electricity Generation Market Forecasts and Analysis - By Feedstock
9.2.4 Europe Biomass For Electricity Generation Market Forecasts and Analysis - By Application
9.2.5 Europe Biomass For Electricity Generation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biomass For Electricity Generation Market
9.2.5.1.1 Germany Biomass For Electricity Generation Market by Feedstock
9.2.5.1.2 Germany Biomass For Electricity Generation Market by Application
9.2.5.2 France Biomass For Electricity Generation Market
9.2.5.2.1 France Biomass For Electricity Generation Market by Feedstock
9.2.5.2.2 France Biomass For Electricity Generation Market by Application
9.2.5.3 Italy Biomass For Electricity Generation Market
9.2.5.3.1 Italy Biomass For Electricity Generation Market by Feedstock
9.2.5.3.2 Italy Biomass For Electricity Generation Market by Application
9.2.5.4 United Kingdom Biomass For Electricity Generation Market
9.2.5.4.1 United Kingdom Biomass For Electricity Generation Market by Feedstock
9.2.5.4.2 United Kingdom Biomass For Electricity Generation Market by Application
9.2.5.5 Russia Biomass For Electricity Generation Market
9.2.5.5.1 Russia Biomass For Electricity Generation Market by Feedstock
9.2.5.5.2 Russia Biomass For Electricity Generation Market by Application
9.2.5.6 Rest of Europe Biomass For Electricity Generation Market
9.2.5.6.1 Rest of Europe Biomass For Electricity Generation Market by Feedstock
9.2.5.6.2 Rest of Europe Biomass For Electricity Generation Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biomass For Electricity Generation Market Overview
9.3.2 Asia-Pacific Biomass For Electricity Generation Market Forecasts and Analysis
9.3.3 Asia-Pacific Biomass For Electricity Generation Market Forecasts and Analysis - By Feedstock
9.3.4 Asia-Pacific Biomass For Electricity Generation Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Biomass For Electricity Generation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biomass For Electricity Generation Market
9.3.5.1.1 Australia Biomass For Electricity Generation Market by Feedstock
9.3.5.1.2 Australia Biomass For Electricity Generation Market by Application
9.3.5.2 China Biomass For Electricity Generation Market
9.3.5.2.1 China Biomass For Electricity Generation Market by Feedstock
9.3.5.2.2 China Biomass For Electricity Generation Market by Application
9.3.5.3 India Biomass For Electricity Generation Market
9.3.5.3.1 India Biomass For Electricity Generation Market by Feedstock
9.3.5.3.2 India Biomass For Electricity Generation Market by Application
9.3.5.4 Japan Biomass For Electricity Generation Market
9.3.5.4.1 Japan Biomass For Electricity Generation Market by Feedstock
9.3.5.4.2 Japan Biomass For Electricity Generation Market by Application
9.3.5.5 South Korea Biomass For Electricity Generation Market
9.3.5.5.1 South Korea Biomass For Electricity Generation Market by Feedstock
9.3.5.5.2 South Korea Biomass For Electricity Generation Market by Application
9.3.5.6 Rest of Asia-Pacific Biomass For Electricity Generation Market
9.3.5.6.1 Rest of Asia-Pacific Biomass For Electricity Generation Market by Feedstock
9.3.5.6.2 Rest of Asia-Pacific Biomass For Electricity Generation Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biomass For Electricity Generation Market Overview
9.4.2 Middle East and Africa Biomass For Electricity Generation Market Forecasts and Analysis
9.4.3 Middle East and Africa Biomass For Electricity Generation Market Forecasts and Analysis - By Feedstock
9.4.4 Middle East and Africa Biomass For Electricity Generation Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Biomass For Electricity Generation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biomass For Electricity Generation Market
9.4.5.1.1 South Africa Biomass For Electricity Generation Market by Feedstock
9.4.5.1.2 South Africa Biomass For Electricity Generation Market by Application
9.4.5.2 Saudi Arabia Biomass For Electricity Generation Market
9.4.5.2.1 Saudi Arabia Biomass For Electricity Generation Market by Feedstock
9.4.5.2.2 Saudi Arabia Biomass For Electricity Generation Market by Application
9.4.5.3 U.A.E Biomass For Electricity Generation Market
9.4.5.3.1 U.A.E Biomass For Electricity Generation Market by Feedstock
9.4.5.3.2 U.A.E Biomass For Electricity Generation Market by Application
9.4.5.4 Rest of Middle East and Africa Biomass For Electricity Generation Market
9.4.5.4.1 Rest of Middle East and Africa Biomass For Electricity Generation Market by Feedstock
9.4.5.4.2 Rest of Middle East and Africa Biomass For Electricity Generation Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biomass For Electricity Generation Market Overview
9.5.2 South and Central America Biomass For Electricity Generation Market Forecasts and Analysis
9.5.3 South and Central America Biomass For Electricity Generation Market Forecasts and Analysis - By Feedstock
9.5.4 South and Central America Biomass For Electricity Generation Market Forecasts and Analysis - By Application
9.5.5 South and Central America Biomass For Electricity Generation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biomass For Electricity Generation Market
9.5.5.1.1 Brazil Biomass For Electricity Generation Market by Feedstock
9.5.5.1.2 Brazil Biomass For Electricity Generation Market by Application
9.5.5.2 Argentina Biomass For Electricity Generation Market
9.5.5.2.1 Argentina Biomass For Electricity Generation Market by Feedstock
9.5.5.2.2 Argentina Biomass For Electricity Generation Market by Application
9.5.5.3 Rest of South and Central America Biomass For Electricity Generation Market
9.5.5.3.1 Rest of South and Central America Biomass For Electricity Generation Market by Feedstock
9.5.5.3.2 Rest of South and Central America Biomass For Electricity Generation Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BIOMASS FOR ELECTRICITY GENERATION MARKET, KEY COMPANY PROFILES
11.1. BABCOCK AND WILCOX ENTERPRISES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. E.ON SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL ELECTRIC CO.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JOHN WOOD GROUP PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THERMAX LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. VALMET OYJ
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ACCIONA SA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AMERESCO INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ANDRITZ AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VATTENFALL AB
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Babcock and Wilcox Enterprises Inc.
- E.ON SE
- General Electric Co.
- John Wood Group Plc
- Thermax Ltd.
- Valmet Oyj
- Acciona SA
- Ameresco Inc
- Andritz AG
- Vattenfall AB
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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