Building Mounted Photovoltaic Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of the market across the world. Increased awareness for energy security and self-sufficiency and favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the U.K., the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.
MARKET SCOPE
The "Global Building mounted photovoltaic Market Analysis to 2028" is a specialized and in-depth study of the building mounted photovoltaic market with a special focus on the global market trend analysis. The report aims to provide an overview of building mounted photovoltaic market with detailed market segmentation by technology, end-user, and geography. The global building mounted photovoltaic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading building mounted photovoltaic market players and offers key trends and opportunities in the building mounted photovoltaic market.
MARKET SEGMENTATION
- The global building mounted photovoltaic market is segmented on the basis of technology, end-user.
- On the basis of technology, the market is divided into crystalline silicon, thin film, and others.
- On the basis of end-user, it is fragmented into industrial, commercial, and residential.
Drivers:
- The demand for building-integrated photovoltaics is likely to be fueled by the high need for integrated roof systems in commercial and industrial establishments. Improvements in the manufacturing technology of thin-film BIPV modules and the rising efficiency of the product are expected to drive the market over the forecast period.
- Lack of skilled workforce for PV installation and maintenance.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The building mounted photovoltaic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the building mounted photovoltaic market in these regions.
IMPACT OF COVID-19 ON BUILDING MOUNTED PHOTOVOLTAIC MARKET
The building mounted photovoltaic market is expected to decline in 2020, mainly due to the impact of COVID-19. Governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. For instance, in January 2020, the Chinese government announced a lockdown of more than 30 days to tackle COVID-19. As the majority of the PV modules are manufactured in China, the production and supply chain has taken a significant hit. For instance, India imports ~80% of its solar value chain supplies from China. The lockdown had drastically affected the manufacturing capacity of China, as all major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries. This resulted in supply chain disruptions in March and April 2020. Also, lockdown implemented in other countries caused supply chain disruptions and labor shortages in the PV industry. Companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2020, recovery is expected to commence in 2021, with full recovery by 2022.
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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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The building mounted photovoltaic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the building mounted photovoltaic market in these regions.
IMPACT OF COVID-19 ON BUILDING MOUNTED PHOTOVOLTAIC MARKET
The building mounted photovoltaic market is expected to decline in 2020, mainly due to the impact of COVID-19. Governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. For instance, in January 2020, the Chinese government announced a lockdown of more than 30 days to tackle COVID-19. As the majority of the PV modules are manufactured in China, the production and supply chain has taken a significant hit. For instance, India imports ~80% of its solar value chain supplies from China. The lockdown had drastically affected the manufacturing capacity of China, as all major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries. This resulted in supply chain disruptions in March and April 2020. Also, lockdown implemented in other countries caused supply chain disruptions and labor shortages in the PV industry. Companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2020, recovery is expected to commence in 2021, with full recovery by 2022.
MARKET PLAYERS
The report covers key developments in the building mounted photovoltaic market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from building mounted photovoltaicmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for building mounted photovoltaic market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Building mounted photovoltaic market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- SolarWindow Technologies, Inc.
- AGC Inc.
- Hanergy Mobile Energy Holding Group Limited
- The Solaria Corporation
- Heliatek GmbH,
- Carmanah Technologies Corp.
- Greatcell
- Tesla
- BELECTRIC
- ertex solartechnik GmbH.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Building Mounted Photovoltaic Market - By Technology
1.3.2 Building Mounted Photovoltaic Market - By End-User
1.3.3 Building Mounted Photovoltaic Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BUILDING MOUNTED PHOTOVOLTAIC 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. BUILDING MOUNTED PHOTOVOLTAIC 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. BUILDING MOUNTED PHOTOVOLTAIC MARKET - GLOBAL MARKET ANALYSIS
6.1. BUILDING MOUNTED PHOTOVOLTAIC - GLOBAL MARKET OVERVIEW
6.2. BUILDING MOUNTED PHOTOVOLTAIC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BUILDING MOUNTED PHOTOVOLTAIC MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. CRYSTALLINE SILICON
7.3.1. Overview
7.3.2. Crystalline Silicon Market Forecast and Analysis
7.4. THIN FILM
7.4.1. Overview
7.4.2. Thin Film Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BUILDING MOUNTED PHOTOVOLTAIC MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL
8.3.1. Overview
8.3.2. Industrial Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. RESIDENTIAL
8.5.1. Overview
8.5.2. Residential Market Forecast and Analysis
9. BUILDING MOUNTED PHOTOVOLTAIC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Building Mounted Photovoltaic Market Overview
9.1.2 North America Building Mounted Photovoltaic Market Forecasts and Analysis
9.1.3 North America Building Mounted Photovoltaic Market Forecasts and Analysis - By Technology
9.1.4 North America Building Mounted Photovoltaic Market Forecasts and Analysis - By End-User
9.1.5 North America Building Mounted Photovoltaic Market Forecasts and Analysis - By Countries
9.1.5.1 United States Building Mounted Photovoltaic Market
9.1.5.1.1 United States Building Mounted Photovoltaic Market by Technology
9.1.5.1.2 United States Building Mounted Photovoltaic Market by End-User
9.1.5.2 Canada Building Mounted Photovoltaic Market
9.1.5.2.1 Canada Building Mounted Photovoltaic Market by Technology
9.1.5.2.2 Canada Building Mounted Photovoltaic Market by End-User
9.1.5.3 Mexico Building Mounted Photovoltaic Market
9.1.5.3.1 Mexico Building Mounted Photovoltaic Market by Technology
9.1.5.3.2 Mexico Building Mounted Photovoltaic Market by End-User
9.2. EUROPE
9.2.1 Europe Building Mounted Photovoltaic Market Overview
9.2.2 Europe Building Mounted Photovoltaic Market Forecasts and Analysis
9.2.3 Europe Building Mounted Photovoltaic Market Forecasts and Analysis - By Technology
9.2.4 Europe Building Mounted Photovoltaic Market Forecasts and Analysis - By End-User
9.2.5 Europe Building Mounted Photovoltaic Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Building Mounted Photovoltaic Market
9.2.5.1.1 Germany Building Mounted Photovoltaic Market by Technology
9.2.5.1.2 Germany Building Mounted Photovoltaic Market by End-User
9.2.5.2 France Building Mounted Photovoltaic Market
9.2.5.2.1 France Building Mounted Photovoltaic Market by Technology
9.2.5.2.2 France Building Mounted Photovoltaic Market by End-User
9.2.5.3 Italy Building Mounted Photovoltaic Market
9.2.5.3.1 Italy Building Mounted Photovoltaic Market by Technology
9.2.5.3.2 Italy Building Mounted Photovoltaic Market by End-User
9.2.5.4 United Kingdom Building Mounted Photovoltaic Market
9.2.5.4.1 United Kingdom Building Mounted Photovoltaic Market by Technology
9.2.5.4.2 United Kingdom Building Mounted Photovoltaic Market by End-User
9.2.5.5 Russia Building Mounted Photovoltaic Market
9.2.5.5.1 Russia Building Mounted Photovoltaic Market by Technology
9.2.5.5.2 Russia Building Mounted Photovoltaic Market by End-User
9.2.5.6 Rest of Europe Building Mounted Photovoltaic Market
9.2.5.6.1 Rest of Europe Building Mounted Photovoltaic Market by Technology
9.2.5.6.2 Rest of Europe Building Mounted Photovoltaic Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Building Mounted Photovoltaic Market Overview
9.3.2 Asia-Pacific Building Mounted Photovoltaic Market Forecasts and Analysis
9.3.3 Asia-Pacific Building Mounted Photovoltaic Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Building Mounted Photovoltaic Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Building Mounted Photovoltaic Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Building Mounted Photovoltaic Market
9.3.5.1.1 Australia Building Mounted Photovoltaic Market by Technology
9.3.5.1.2 Australia Building Mounted Photovoltaic Market by End-User
9.3.5.2 China Building Mounted Photovoltaic Market
9.3.5.2.1 China Building Mounted Photovoltaic Market by Technology
9.3.5.2.2 China Building Mounted Photovoltaic Market by End-User
9.3.5.3 India Building Mounted Photovoltaic Market
9.3.5.3.1 India Building Mounted Photovoltaic Market by Technology
9.3.5.3.2 India Building Mounted Photovoltaic Market by End-User
9.3.5.4 Japan Building Mounted Photovoltaic Market
9.3.5.4.1 Japan Building Mounted Photovoltaic Market by Technology
9.3.5.4.2 Japan Building Mounted Photovoltaic Market by End-User
9.3.5.5 South Korea Building Mounted Photovoltaic Market
9.3.5.5.1 South Korea Building Mounted Photovoltaic Market by Technology
9.3.5.5.2 South Korea Building Mounted Photovoltaic Market by End-User
9.3.5.6 Rest of Asia-Pacific Building Mounted Photovoltaic Market
9.3.5.6.1 Rest of Asia-Pacific Building Mounted Photovoltaic Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Building Mounted Photovoltaic Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Building Mounted Photovoltaic Market Overview
9.4.2 Middle East and Africa Building Mounted Photovoltaic Market Forecasts and Analysis
9.4.3 Middle East and Africa Building Mounted Photovoltaic Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Building Mounted Photovoltaic Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Building Mounted Photovoltaic Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Building Mounted Photovoltaic Market
9.4.5.1.1 South Africa Building Mounted Photovoltaic Market by Technology
9.4.5.1.2 South Africa Building Mounted Photovoltaic Market by End-User
9.4.5.2 Saudi Arabia Building Mounted Photovoltaic Market
9.4.5.2.1 Saudi Arabia Building Mounted Photovoltaic Market by Technology
9.4.5.2.2 Saudi Arabia Building Mounted Photovoltaic Market by End-User
9.4.5.3 U.A.E Building Mounted Photovoltaic Market
9.4.5.3.1 U.A.E Building Mounted Photovoltaic Market by Technology
9.4.5.3.2 U.A.E Building Mounted Photovoltaic Market by End-User
9.4.5.4 Rest of Middle East and Africa Building Mounted Photovoltaic Market
9.4.5.4.1 Rest of Middle East and Africa Building Mounted Photovoltaic Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Building Mounted Photovoltaic Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Building Mounted Photovoltaic Market Overview
9.5.2 South and Central America Building Mounted Photovoltaic Market Forecasts and Analysis
9.5.3 South and Central America Building Mounted Photovoltaic Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Building Mounted Photovoltaic Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Building Mounted Photovoltaic Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Building Mounted Photovoltaic Market
9.5.5.1.1 Brazil Building Mounted Photovoltaic Market by Technology
9.5.5.1.2 Brazil Building Mounted Photovoltaic Market by End-User
9.5.5.2 Argentina Building Mounted Photovoltaic Market
9.5.5.2.1 Argentina Building Mounted Photovoltaic Market by Technology
9.5.5.2.2 Argentina Building Mounted Photovoltaic Market by End-User
9.5.5.3 Rest of South and Central America Building Mounted Photovoltaic Market
9.5.5.3.1 Rest of South and Central America Building Mounted Photovoltaic Market by Technology
9.5.5.3.2 Rest of South and Central America Building Mounted Photovoltaic Market by End-User
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. BUILDING MOUNTED PHOTOVOLTAIC MARKET, KEY COMPANY PROFILES
11.1. SOLARWINDOW TECHNOLOGIES, 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. AGC INC.
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. HANERGY MOBILE ENERGY HOLDING GROUP LIMITED
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. THE SOLARIA CORPORATION
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. HELIATEK GMBH
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. CARMANAH TECHNOLOGIES CORP.
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. GREATCELL
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. TESLA
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. BELECTRIC
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. ERTEX SOLARTECHNIK GMBH
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
1.SolarWindow Technologies, Inc.
2.AGC Inc.
3.Hanergy Mobile Energy Holding Group Limited
4.The Solaria Corporation
5.Heliatek GmbH
6.Carmanah Technologies Corp.
7.Greatcell
8.Tesla
9.BELECTRIC
10.ertex solartechnik GmbH
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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