Carbon Capture and Storage Market Developments, Trends, Analysis, and Forecast by 2031

Coverage: Carbon Capture and Storage Market covers analysis by Component (Carbon Capture Technologies, Carbon Storage); End-User Industry (Oil and Gas, Manufacturing, Chemicals, Food and Beverage, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00009390
  • Category : Energy and Power
  • No. of Pages : 150
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Carbon Capture and Storage Market Scope, Size, Share 2031

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The Carbon Capture and Storage Market is expected to register a CAGR of 15.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Technology (Pre-combustion, Post-combustion, Oxy-combustion). The report further presents analysis based on the End-User Industry (Oil and Gas, Manufacturing, Chemicals, Food and Beverage, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Carbon Capture and Storage Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Carbon Capture and Storage Market Segmentation

Technology
  • Pre-combustion
  • Post-combustion
  • Oxy-combustion
End-User Industry
  • Oil and Gas
  • Manufacturing
  • Chemicals
  • Food and Beverage
  • Others

Strategic Insights

Carbon Capture and Storage Market Growth Drivers
  • Increasing Adoption and Construction of Carbon Capture Facilities: Around 45 commercial facilities are already in operation, using carbon capture, utilization and storage for industrial processes, fuel conversion and power generation. CCUS deployment has historically underperformed expectations, but momentum has increased significantly in recent years, with over 700 projects in various stages of development along the CCUS value chain.
  • Increasing Global Emissions Regulations: Stricter emission reduction regulations concerning greenhouse gases are the driving forces for the carbon capture and storage (CCS) market. Worldwide, governments implement policies to enforce a lower carbon footprint in industries; CCS has emerged as the prime technology to help industries remain within limits of the carbon footprint for sectors such as energy and manufacturing.
  • Demand for Energy Growing: The increasing global demand for energy, especially from fossil sources, is a major driver for CCS technologies. Increases in energy consumption will similarly increase carbon emissions, creating demands for effective solutions like CCS technologies to mitigate the impact without sacrificing energy requirements.
Carbon Capture and Storage Market Future Trends
  • Technological Advancements in Carbon Capture and Storage Technology: Promising technological innovations are being demonstrated worldwide. Several technological innovations have been proposed to reduce CCUS costs for power generation. While the most advanced and widely used separation technologies are chemical absorption and physical separation, other separation technologies in development include membranes and loop circuits (such as chemical loops and calcium loops).
  • Public Awareness and Support for Climate Action: Public awareness and concern regarding climate change are affecting the policies being decided upon and strategies used by companies. Thereby, there is increasing public support for carbon capture as stakeholders are beginning to acknowledge the significance of CCS toward the attainment of climate objectives and the reduction of global warming.
Carbon Capture and Storage Market Opportunities
  • Role of Carbon Capture in Clean Energy Transition: CCUS can be retrofitted into existing energy and industrial facilities to enable their continued operation. It can tackle emissions in sectors that are difficult to reduce, particularly heavy industries such as cement, steel or chemicals. CCUS is an enabler for the lowest-cost, low-carbon hydrogen production that can support the decarbonization of other parts of the energy system, such as industry, trucks and ships. Finally, CCUS can remove CO2 from the air to offset carbon emissions that are unavoidable or technically difficult to reduce.
  • Government Incentives and Support Programs: The government may introduce programs and incentives in the direction of promoting carbon capture and storage. For example, incentives through tax credits, grants, and subsidies to support CCS projects will increase investment in the industry and encourage these technologies' adoption in many sectors.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Carbon Capture and Storage Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Carbon Capture and Storage Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the deliverable formats of the Carbon Capture and Storage Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

Which are the leading players operating in the Carbon Capture and Storage Market

The leading players operating in the carbon capture and storage market include Aker Solutions, Carbon Engineering Ltd., Chevron Corporation, Equinor ASA, Exxon Mobil Corporation, Fluor Corporation, Halliburton Company, Occidental Petroleum Corporation, Shell plc, and Schlumberger Limited

What is the future trend of the Carbon Capture and Storage Market?

Role of carbon capture in clean energy transition is the key future trend of the Carbon Capture and Storage Market

What is the expected CAGR of the Carbon Capture and Storage Market?

The Carbon Capture and Storage Market is estimated to witness a CAGR of 15.2% from 2023 to 2031

What are the driving factors impacting the global Carbon Capture and Storage Market?

The major factors driving the Carbon Capture and Storage Market are: Increasing Adoption and Construction of Carbon Capture Facilities and Government Intiatives towards Carbon Emission Reductions

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 Carbon Capture And Storage Market - By Component
1.3.2 Carbon Capture And Storage Market - By End-User Industry
1.3.3 Carbon Capture And Storage Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CARBON CAPTURE AND STORAGE 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. CARBON CAPTURE AND STORAGE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. CARBON CAPTURE AND STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. CARBON CAPTURE AND STORAGE - GLOBAL MARKET OVERVIEW
6.2. CARBON CAPTURE AND STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CARBON CAPTURE AND STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. CARBON CAPTURE TECHNOLOGIES
7.3.1. Overview
7.3.2. Carbon Capture Technologies Market Forecast and Analysis
7.3.3. Pre Combustion Market
7.3.3.1. Overview
7.3.3.2. Pre Combustion Market Forecast and Analysis
7.3.4. Post Combustion Market
7.3.4.1. Overview
7.3.4.2. Post Combustion Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. CARBON STORAGE
7.4.1. Overview
7.4.2. Carbon Storage Market Forecast and Analysis
8. CARBON CAPTURE AND STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. MANUFACTURING
8.4.1. Overview
8.4.2. Manufacturing Market Forecast and Analysis
8.5. CHEMICALS
8.5.1. Overview
8.5.2. Chemicals Market Forecast and Analysis
8.6. FOOD AND BEVERAGE
8.6.1. Overview
8.6.2. Food and Beverage Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. CARBON CAPTURE AND STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Carbon Capture And Storage Market Overview
9.1.2 North America Carbon Capture And Storage Market Forecasts and Analysis
9.1.3 North America Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.1.4 North America Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.1.5 North America Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Carbon Capture And Storage Market
9.1.5.1.1 United States Carbon Capture And Storage Market by Component
9.1.5.1.2 United States Carbon Capture And Storage Market by End-User Industry
9.1.5.2 Canada Carbon Capture And Storage Market
9.1.5.2.1 Canada Carbon Capture And Storage Market by Component
9.1.5.2.2 Canada Carbon Capture And Storage Market by End-User Industry
9.1.5.3 Mexico Carbon Capture And Storage Market
9.1.5.3.1 Mexico Carbon Capture And Storage Market by Component
9.1.5.3.2 Mexico Carbon Capture And Storage Market by End-User Industry
9.2. EUROPE
9.2.1 Europe Carbon Capture And Storage Market Overview
9.2.2 Europe Carbon Capture And Storage Market Forecasts and Analysis
9.2.3 Europe Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.2.4 Europe Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.2.5 Europe Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Carbon Capture And Storage Market
9.2.5.1.1 Germany Carbon Capture And Storage Market by Component
9.2.5.1.2 Germany Carbon Capture And Storage Market by End-User Industry
9.2.5.2 France Carbon Capture And Storage Market
9.2.5.2.1 France Carbon Capture And Storage Market by Component
9.2.5.2.2 France Carbon Capture And Storage Market by End-User Industry
9.2.5.3 Italy Carbon Capture And Storage Market
9.2.5.3.1 Italy Carbon Capture And Storage Market by Component
9.2.5.3.2 Italy Carbon Capture And Storage Market by End-User Industry
9.2.5.4 United Kingdom Carbon Capture And Storage Market
9.2.5.4.1 United Kingdom Carbon Capture And Storage Market by Component
9.2.5.4.2 United Kingdom Carbon Capture And Storage Market by End-User Industry
9.2.5.5 Russia Carbon Capture And Storage Market
9.2.5.5.1 Russia Carbon Capture And Storage Market by Component
9.2.5.5.2 Russia Carbon Capture And Storage Market by End-User Industry
9.2.5.6 Rest of Europe Carbon Capture And Storage Market
9.2.5.6.1 Rest of Europe Carbon Capture And Storage Market by Component
9.2.5.6.2 Rest of Europe Carbon Capture And Storage Market by End-User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Carbon Capture And Storage Market Overview
9.3.2 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis
9.3.3 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.3.5 Asia-Pacific Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Carbon Capture And Storage Market
9.3.5.1.1 Australia Carbon Capture And Storage Market by Component
9.3.5.1.2 Australia Carbon Capture And Storage Market by End-User Industry
9.3.5.2 China Carbon Capture And Storage Market
9.3.5.2.1 China Carbon Capture And Storage Market by Component
9.3.5.2.2 China Carbon Capture And Storage Market by End-User Industry
9.3.5.3 India Carbon Capture And Storage Market
9.3.5.3.1 India Carbon Capture And Storage Market by Component
9.3.5.3.2 India Carbon Capture And Storage Market by End-User Industry
9.3.5.4 Japan Carbon Capture And Storage Market
9.3.5.4.1 Japan Carbon Capture And Storage Market by Component
9.3.5.4.2 Japan Carbon Capture And Storage Market by End-User Industry
9.3.5.5 South Korea Carbon Capture And Storage Market
9.3.5.5.1 South Korea Carbon Capture And Storage Market by Component
9.3.5.5.2 South Korea Carbon Capture And Storage Market by End-User Industry
9.3.5.6 Rest of Asia-Pacific Carbon Capture And Storage Market
9.3.5.6.1 Rest of Asia-Pacific Carbon Capture And Storage Market by Component
9.3.5.6.2 Rest of Asia-Pacific Carbon Capture And Storage Market by End-User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Carbon Capture And Storage Market Overview
9.4.2 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis
9.4.3 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.4.5 Middle East and Africa Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Carbon Capture And Storage Market
9.4.5.1.1 South Africa Carbon Capture And Storage Market by Component
9.4.5.1.2 South Africa Carbon Capture And Storage Market by End-User Industry
9.4.5.2 Saudi Arabia Carbon Capture And Storage Market
9.4.5.2.1 Saudi Arabia Carbon Capture And Storage Market by Component
9.4.5.2.2 Saudi Arabia Carbon Capture And Storage Market by End-User Industry
9.4.5.3 U.A.E Carbon Capture And Storage Market
9.4.5.3.1 U.A.E Carbon Capture And Storage Market by Component
9.4.5.3.2 U.A.E Carbon Capture And Storage Market by End-User Industry
9.4.5.4 Rest of Middle East and Africa Carbon Capture And Storage Market
9.4.5.4.1 Rest of Middle East and Africa Carbon Capture And Storage Market by Component
9.4.5.4.2 Rest of Middle East and Africa Carbon Capture And Storage Market by End-User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Carbon Capture And Storage Market Overview
9.5.2 South and Central America Carbon Capture And Storage Market Forecasts and Analysis
9.5.3 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By Component
9.5.4 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By End-User Industry
9.5.5 South and Central America Carbon Capture And Storage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Carbon Capture And Storage Market
9.5.5.1.1 Brazil Carbon Capture And Storage Market by Component
9.5.5.1.2 Brazil Carbon Capture And Storage Market by End-User Industry
9.5.5.2 Argentina Carbon Capture And Storage Market
9.5.5.2.1 Argentina Carbon Capture And Storage Market by Component
9.5.5.2.2 Argentina Carbon Capture And Storage Market by End-User Industry
9.5.5.3 Rest of South and Central America Carbon Capture And Storage Market
9.5.5.3.1 Rest of South and Central America Carbon Capture And Storage Market by Component
9.5.5.3.2 Rest of South and Central America Carbon Capture And Storage Market by End-User Industry

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. CARBON CAPTURE AND STORAGE MARKET, KEY COMPANY PROFILES
11.1. AKER SOLUTIONS ASA
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. CARBON ENGINEERING LTD.
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. CHEVRON CORPORATION
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. EQUINOR ASA
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. EXXON MOBIL CORPORATION
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. HALLIBURTON COMPANY
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. NRG ENERGY, INC.
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. OCCIDENTAL PETROLEUM CORPORATION
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. ROYAL DUTCH SHELL PLC
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. SCHLUMBERGER
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

1. Aker Solutions ASA
2. Carbon Engineering Ltd.
3. Chevron Corporation
4. Equinor ASA
5. Exxon Mobil Corporation
6. Halliburton Company
7. NRG Energy, Inc.
8. Occidental Petroleum Corporation
9. Royal Dutch Shell plc
10. Schlumberger

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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