CIGS Thin-Film Solar Panel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A thin solar cell sheet called a copper indium gallium selenide (CIGS) solar cell is used to convert sunlight into electrical power. With electrodes in front and back to collect the current, it is made by depositing a thin layer of indium, copper, gallium, selenium, and selenide on a plastic or glass back. The substance effectively absorbs sunlight due to its high absorption coefficient. Based on cadmium telluride, copper indium gallium selenide, and amorphous silicon, there are three common thin film technologies. Like other thin film photovoltaic systems, CIGS is adaptable. This makes it easier to mount it on a flexible support.
MARKET DYNAMICS
The demand for CIGS thin-film solar panels is being driven by the expanding solar panel market and the power produced by solar panels' lower cost as compared to other energy sources. Additionally, the CIGS thin-film solar panel market is expanding due to the enhanced efficiency of these solar cells and the shorter time needed to generate energy when compared to competing technologies. Additionally, the market for CIGS thin-film solar panels is being supported by people's growing worries about environmental safety.
MARKET SCOPE
The "Global CIGS Thin-Film Solar Panel Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The CIGS thin-film solar panel market report aims to provide an overview of the CIGS thin-film solar panel market with detailed market segmentation by film thickness, deposition technique, end use, and geography. The global CIGS thin-film solar panel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CIGS thin-film solar panel market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global CIGS thin-film solar panel market is segmented based on film thickness, deposition technique, end use. Based on film thickness, the CIGS thin-film solar panel market is segmented into 1-2 micro meters, 2-3 micro meters, 3-4 micro meters. Based on deposition technique, the CIGS thin-film solar panel market is segmented into electrospray deposition, chemical vapour deposition, coevaporation, film production. Based on end use, the CIGS thin-film solar panel market is segmented into automotive, electronics and electrical, energy and power, others.
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 CIGS thin-film solar panel 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 CIGS thin-film solar panel market by each region is later sub-segmented by respective countries and segments. The CIGS thin-film solar panel market 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 CIGS thin-film solar panel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the CIGS thin-film solar panel market in these regions.
IMPACT OF COVID-19 ON CIGS THIN-FILM SOLAR PANEL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global CIGS thin-film solar panel market. The supply chain disruptions influenced the decline in demand for CIGS thin-film solar panel. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of CIGS thin-film solar panel thereby impacting the growth of the global CIGS thin-film solar panel 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 CIGS thin-film solar panel 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 CIGS thin-film solar panel market by each region is later sub-segmented by respective countries and segments. The CIGS thin-film solar panel market 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 CIGS thin-film solar panel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the CIGS thin-film solar panel market in these regions.
IMPACT OF COVID-19 ON CIGS THIN-FILM SOLAR PANEL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global CIGS thin-film solar panel market. The supply chain disruptions influenced the decline in demand for CIGS thin-film solar panel. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of CIGS thin-film solar panel thereby impacting the growth of the global CIGS thin-film solar panel market.
MARKET PLAYERS
The reports cover key developments in the CIGS thin-film solar panel 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 the expansion of business and customer base of market players. The market players from CIGS thin-film solar panel market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the CIGS thin-film solar panel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the CIGS thin-film solar panel 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.
- NICE Solar Energy GmbH
- Tata Power Solar Systems Limited
- Suniva Inc
- SolarWorld AG
- Pionis Energy Technologies LLC
- JinkoSolar Holding Co. Ltd
- Borg Inc
- Alps Technology Inc
- Itek Energy
- Trina Solar Limited.
- 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 CIGS Thin-Film Solar Panel Market - By Film Thickness
1.3.2 CIGS Thin-Film Solar Panel Market - By Deposition Technique
1.3.3 CIGS Thin-Film Solar Panel Market - By End Use
1.3.4 CIGS Thin-Film Solar Panel Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CIGS THIN-FILM SOLAR PANEL 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. CIGS THIN-FILM SOLAR PANEL 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. CIGS THIN-FILM SOLAR PANEL MARKET - GLOBAL MARKET ANALYSIS
6.1. CIGS THIN-FILM SOLAR PANEL - GLOBAL MARKET OVERVIEW
6.2. CIGS THIN-FILM SOLAR PANEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CIGS THIN-FILM SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - FILM THICKNESS
7.1. OVERVIEW
7.2. FILM THICKNESS MARKET FORECASTS AND ANALYSIS
7.3. 1-2 MICRO METERS
7.3.1. Overview
7.3.2. 1-2 micro meters Market Forecast and Analysis
7.4. 2-3 MICRO METERS
7.4.1. Overview
7.4.2. 2-3 micro meters Market Forecast and Analysis
7.5. 3-4 MICRO METERS
7.5.1. Overview
7.5.2. 3-4 micro meters Market Forecast and Analysis
8. CIGS THIN-FILM SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - DEPOSITION TECHNIQUE
8.1. OVERVIEW
8.2. DEPOSITION TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. ELECTROSPRAY DEPOSITION
8.3.1. Overview
8.3.2. Electrospray deposition Market Forecast and Analysis
8.4. CHEMICAL VAPOUR DEPOSITION
8.4.1. Overview
8.4.2. Chemical vapour deposition Market Forecast and Analysis
8.5. COEVAPORATION
8.5.1. Overview
8.5.2. Coevaporation Market Forecast and Analysis
8.6. FILM PRODUCTION
8.6.1. Overview
8.6.2. Film production Market Forecast and Analysis
9. CIGS THIN-FILM SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. ELECTRONICS AND ELECTRICAL
9.4.1. Overview
9.4.2. Electronics and Electrical Market Forecast and Analysis
9.5. ENERGY AND POWER
9.5.1. Overview
9.5.2. Energy and Power Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. CIGS THIN-FILM SOLAR PANEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America CIGS Thin-Film Solar Panel Market Overview
10.1.2 North America CIGS Thin-Film Solar Panel Market Forecasts and Analysis
10.1.3 North America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Film Thickness
10.1.4 North America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Deposition Technique
10.1.5 North America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By End Use
10.1.6 North America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Countries
10.1.6.1 United States CIGS Thin-Film Solar Panel Market
10.1.6.1.1 United States CIGS Thin-Film Solar Panel Market by Film Thickness
10.1.6.1.2 United States CIGS Thin-Film Solar Panel Market by Deposition Technique
10.1.6.1.3 United States CIGS Thin-Film Solar Panel Market by End Use
10.1.6.2 Canada CIGS Thin-Film Solar Panel Market
10.1.6.2.1 Canada CIGS Thin-Film Solar Panel Market by Film Thickness
10.1.6.2.2 Canada CIGS Thin-Film Solar Panel Market by Deposition Technique
10.1.6.2.3 Canada CIGS Thin-Film Solar Panel Market by End Use
10.1.6.3 Mexico CIGS Thin-Film Solar Panel Market
10.1.6.3.1 Mexico CIGS Thin-Film Solar Panel Market by Film Thickness
10.1.6.3.2 Mexico CIGS Thin-Film Solar Panel Market by Deposition Technique
10.1.6.3.3 Mexico CIGS Thin-Film Solar Panel Market by End Use
10.2. EUROPE
10.2.1 Europe CIGS Thin-Film Solar Panel Market Overview
10.2.2 Europe CIGS Thin-Film Solar Panel Market Forecasts and Analysis
10.2.3 Europe CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Film Thickness
10.2.4 Europe CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Deposition Technique
10.2.5 Europe CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By End Use
10.2.6 Europe CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Countries
10.2.6.1 Germany CIGS Thin-Film Solar Panel Market
10.2.6.1.1 Germany CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.1.2 Germany CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.1.3 Germany CIGS Thin-Film Solar Panel Market by End Use
10.2.6.2 France CIGS Thin-Film Solar Panel Market
10.2.6.2.1 France CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.2.2 France CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.2.3 France CIGS Thin-Film Solar Panel Market by End Use
10.2.6.3 Italy CIGS Thin-Film Solar Panel Market
10.2.6.3.1 Italy CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.3.2 Italy CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.3.3 Italy CIGS Thin-Film Solar Panel Market by End Use
10.2.6.4 United Kingdom CIGS Thin-Film Solar Panel Market
10.2.6.4.1 United Kingdom CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.4.2 United Kingdom CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.4.3 United Kingdom CIGS Thin-Film Solar Panel Market by End Use
10.2.6.5 Russia CIGS Thin-Film Solar Panel Market
10.2.6.5.1 Russia CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.5.2 Russia CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.5.3 Russia CIGS Thin-Film Solar Panel Market by End Use
10.2.6.6 Rest of Europe CIGS Thin-Film Solar Panel Market
10.2.6.6.1 Rest of Europe CIGS Thin-Film Solar Panel Market by Film Thickness
10.2.6.6.2 Rest of Europe CIGS Thin-Film Solar Panel Market by Deposition Technique
10.2.6.6.3 Rest of Europe CIGS Thin-Film Solar Panel Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific CIGS Thin-Film Solar Panel Market Overview
10.3.2 Asia-Pacific CIGS Thin-Film Solar Panel Market Forecasts and Analysis
10.3.3 Asia-Pacific CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Film Thickness
10.3.4 Asia-Pacific CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Deposition Technique
10.3.5 Asia-Pacific CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Countries
10.3.6.1 Australia CIGS Thin-Film Solar Panel Market
10.3.6.1.1 Australia CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.1.2 Australia CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.1.3 Australia CIGS Thin-Film Solar Panel Market by End Use
10.3.6.2 China CIGS Thin-Film Solar Panel Market
10.3.6.2.1 China CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.2.2 China CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.2.3 China CIGS Thin-Film Solar Panel Market by End Use
10.3.6.3 India CIGS Thin-Film Solar Panel Market
10.3.6.3.1 India CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.3.2 India CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.3.3 India CIGS Thin-Film Solar Panel Market by End Use
10.3.6.4 Japan CIGS Thin-Film Solar Panel Market
10.3.6.4.1 Japan CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.4.2 Japan CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.4.3 Japan CIGS Thin-Film Solar Panel Market by End Use
10.3.6.5 South Korea CIGS Thin-Film Solar Panel Market
10.3.6.5.1 South Korea CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.5.2 South Korea CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.5.3 South Korea CIGS Thin-Film Solar Panel Market by End Use
10.3.6.6 Rest of Asia-Pacific CIGS Thin-Film Solar Panel Market
10.3.6.6.1 Rest of Asia-Pacific CIGS Thin-Film Solar Panel Market by Film Thickness
10.3.6.6.2 Rest of Asia-Pacific CIGS Thin-Film Solar Panel Market by Deposition Technique
10.3.6.6.3 Rest of Asia-Pacific CIGS Thin-Film Solar Panel Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa CIGS Thin-Film Solar Panel Market Overview
10.4.2 Middle East and Africa CIGS Thin-Film Solar Panel Market Forecasts and Analysis
10.4.3 Middle East and Africa CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Film Thickness
10.4.4 Middle East and Africa CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Deposition Technique
10.4.5 Middle East and Africa CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa CIGS Thin-Film Solar Panel Market
10.4.6.1.1 South Africa CIGS Thin-Film Solar Panel Market by Film Thickness
10.4.6.1.2 South Africa CIGS Thin-Film Solar Panel Market by Deposition Technique
10.4.6.1.3 South Africa CIGS Thin-Film Solar Panel Market by End Use
10.4.6.2 Saudi Arabia CIGS Thin-Film Solar Panel Market
10.4.6.2.1 Saudi Arabia CIGS Thin-Film Solar Panel Market by Film Thickness
10.4.6.2.2 Saudi Arabia CIGS Thin-Film Solar Panel Market by Deposition Technique
10.4.6.2.3 Saudi Arabia CIGS Thin-Film Solar Panel Market by End Use
10.4.6.3 U.A.E CIGS Thin-Film Solar Panel Market
10.4.6.3.1 U.A.E CIGS Thin-Film Solar Panel Market by Film Thickness
10.4.6.3.2 U.A.E CIGS Thin-Film Solar Panel Market by Deposition Technique
10.4.6.3.3 U.A.E CIGS Thin-Film Solar Panel Market by End Use
10.4.6.4 Rest of Middle East and Africa CIGS Thin-Film Solar Panel Market
10.4.6.4.1 Rest of Middle East and Africa CIGS Thin-Film Solar Panel Market by Film Thickness
10.4.6.4.2 Rest of Middle East and Africa CIGS Thin-Film Solar Panel Market by Deposition Technique
10.4.6.4.3 Rest of Middle East and Africa CIGS Thin-Film Solar Panel Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America CIGS Thin-Film Solar Panel Market Overview
10.5.2 South and Central America CIGS Thin-Film Solar Panel Market Forecasts and Analysis
10.5.3 South and Central America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Film Thickness
10.5.4 South and Central America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Deposition Technique
10.5.5 South and Central America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By End Use
10.5.6 South and Central America CIGS Thin-Film Solar Panel Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil CIGS Thin-Film Solar Panel Market
10.5.6.1.1 Brazil CIGS Thin-Film Solar Panel Market by Film Thickness
10.5.6.1.2 Brazil CIGS Thin-Film Solar Panel Market by Deposition Technique
10.5.6.1.3 Brazil CIGS Thin-Film Solar Panel Market by End Use
10.5.6.2 Argentina CIGS Thin-Film Solar Panel Market
10.5.6.2.1 Argentina CIGS Thin-Film Solar Panel Market by Film Thickness
10.5.6.2.2 Argentina CIGS Thin-Film Solar Panel Market by Deposition Technique
10.5.6.2.3 Argentina CIGS Thin-Film Solar Panel Market by End Use
10.5.6.3 Rest of South and Central America CIGS Thin-Film Solar Panel Market
10.5.6.3.1 Rest of South and Central America CIGS Thin-Film Solar Panel Market by Film Thickness
10.5.6.3.2 Rest of South and Central America CIGS Thin-Film Solar Panel Market by Deposition Technique
10.5.6.3.3 Rest of South and Central America CIGS Thin-Film Solar Panel Market by End Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CIGS THIN-FILM SOLAR PANEL MARKET, KEY COMPANY PROFILES
12.1. NICE SOLAR ENERGY GMBH
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. TATA POWER SOLAR SYSTEMS LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SUNIVA INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SOLARWORLD AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. PIONIS ENERGY TECHNOLOGIES LLC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. JINKOSOLAR HOLDING CO. LTD
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BORG INC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ALPS TECHNOLOGY INC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ITEK ENERGY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TRINA SOLAR LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.NICE Solar Energy GmbH
2.Tata Power Solar Systems Limited
3.Suniva Inc
4.SolarWorld AG
5.Pionis Energy Technologies LLC
6.JinkoSolar Holding Co. Ltd
7.Borg Inc
8.Alps Technology Inc
9.Itek Energy
10.Trina Solar Limited
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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