Composites in Oil and Gas Industry Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A composite refers to material made by combining two or more constituent elements with different physical and chemical properties. Composites in the oil & gas industry market are referred to as enabling technology under deepwater drilling conditions. These composites are used because of their ability to stand harsh subsea environment conditions. These composites are light in weight, therefore, eliminates the need for large and exorbitant buoyancy tanks. Composites in the oil and gas industry are inexpensive and corrosion resistant.
MARKET DYNAMICS
An increase in the manufacture of shale gas and improved hydraulic fracturing method drives the growth of the composites in the oil &gas industry market. An upsurge in demand for non-corrosive and lightweight materials in the oil & gas industry also stimulates the growth of the market. However, fluctuating prices of raw materials and the availability of low-cost substitutes restrict the growth of composites in the oil & gas industry market. Composites replacing steel piping in backport applications are expected to boost the growth of composites in the oil & gas industry market in the near future..
MARKET SCOPE
The "Global Composite in Oil and Gas Industry Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composites in oil and gas industry market with detailed market segmentation by fiber type, resin type, application and geography. The global composites in oil and gas industry market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composites in oil and gas industry market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global composites in oil and gas industry market are segmented on the basis of fiber type, resin type and application. On the basis of fiber type, the composites in oil and gas industry market is segmented into glass fiber composites and carbon fiber composites. On the basis of resin type the composites in oil and gas industry market is broken into epoxy resin, polyester resin, phenolic resins and others. As per application the market is bifurcated into pipes, tanks, top side applications and 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 composites in oil and gas industry market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The composites in oil and gas industry market by each region are 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 composites in oil and gas industry 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the composites in oil and gas industry market in these regions.
![World Geography](https://www.theinsightpartners.com/assets/rdimages/world-geography.png)
Have a question?
![Analyst](https://www.theinsightpartners.com/assets/shejal-jamdade.jpg)
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global composites in oil and gas industry market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The composites in oil and gas industry market by each region are 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 composites in oil and gas industry 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the composites in oil and gas industry market in these regions.
MARKET PLAYERS
The reports cover key developments in the composites in oil and gas industry 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 payers from composites in oil and gas industry market are anticipated to lucrative growth opportunities in the future with the rising demand for composites in oil and gas industry market in the global market. Below mentioned is the list of few companies engaged in the composites in oil and gas industry market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. 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.
- Airborne Oil & Gas B.V.
- CIP Composites
- Enduro Composites, Inc.
- GE Oil & Gas
- National Oilwell Varco
- Pipex Ltd.
- Schlumberger
- Strongwell Corporation
- Vello Nordic AS
- ZCL Composites
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Composites In Oil And Gas Industry Market - By Fiber Type
1.3.2 Composites In Oil And Gas Industry Market - By Resin Type
1.3.3 Composites In Oil And Gas Industry Market - By Application
1.3.4 Composites In Oil And Gas Industry Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPOSITES IN OIL AND GAS INDUSTRY 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. COMPOSITES IN OIL AND GAS INDUSTRY 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. COMPOSITES IN OIL AND GAS INDUSTRY MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPOSITES IN OIL AND GAS INDUSTRY - GLOBAL MARKET OVERVIEW
6.2. COMPOSITES IN OIL AND GAS INDUSTRY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPOSITES IN OIL AND GAS INDUSTRY MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
7.1. OVERVIEW
7.2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLASS FIBER COMPOSITES
7.3.1. Overview
7.3.2. Glass Fiber Composites Market Forecast and Analysis
7.4. CARBON FIBER COMPOSITES
7.4.1. Overview
7.4.2. Carbon Fiber Composites Market Forecast and Analysis
8. COMPOSITES IN OIL AND GAS INDUSTRY MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
8.1. OVERVIEW
8.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
8.3. EPOXY RESIN
8.3.1. Overview
8.3.2. Epoxy Resin Market Forecast and Analysis
8.4. POLYESTER RESIN
8.4.1. Overview
8.4.2. Polyester Resin Market Forecast and Analysis
8.5. PHENOLIC RESINS
8.5.1. Overview
8.5.2. Phenolic Resins Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. COMPOSITES IN OIL AND GAS INDUSTRY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PIPES
9.3.1. Overview
9.3.2. Pipes Market Forecast and Analysis
9.4. TANKS
9.4.1. Overview
9.4.2. Tanks Market Forecast and Analysis
9.5. TOP SIDE APPLICATIONS
9.5.1. Overview
9.5.2. Top Side Applications Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. COMPOSITES IN OIL AND GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Composites In Oil And Gas Industry Market Overview
10.1.2 North America Composites In Oil And Gas Industry Market Forecasts and Analysis
10.1.3 North America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Fiber Type
10.1.4 North America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Resin Type
10.1.5 North America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Application
10.1.6 North America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Countries
10.1.6.1 United States Composites In Oil And Gas Industry Market
10.1.6.1.1 United States Composites In Oil And Gas Industry Market by Fiber Type
10.1.6.1.2 United States Composites In Oil And Gas Industry Market by Resin Type
10.1.6.1.3 United States Composites In Oil And Gas Industry Market by Application
10.1.6.2 Canada Composites In Oil And Gas Industry Market
10.1.6.2.1 Canada Composites In Oil And Gas Industry Market by Fiber Type
10.1.6.2.2 Canada Composites In Oil And Gas Industry Market by Resin Type
10.1.6.2.3 Canada Composites In Oil And Gas Industry Market by Application
10.1.6.3 Mexico Composites In Oil And Gas Industry Market
10.1.6.3.1 Mexico Composites In Oil And Gas Industry Market by Fiber Type
10.1.6.3.2 Mexico Composites In Oil And Gas Industry Market by Resin Type
10.1.6.3.3 Mexico Composites In Oil And Gas Industry Market by Application
10.2. EUROPE
10.2.1 Europe Composites In Oil And Gas Industry Market Overview
10.2.2 Europe Composites In Oil And Gas Industry Market Forecasts and Analysis
10.2.3 Europe Composites In Oil And Gas Industry Market Forecasts and Analysis - By Fiber Type
10.2.4 Europe Composites In Oil And Gas Industry Market Forecasts and Analysis - By Resin Type
10.2.5 Europe Composites In Oil And Gas Industry Market Forecasts and Analysis - By Application
10.2.6 Europe Composites In Oil And Gas Industry Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Composites In Oil And Gas Industry Market
10.2.6.1.1 Germany Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.1.2 Germany Composites In Oil And Gas Industry Market by Resin Type
10.2.6.1.3 Germany Composites In Oil And Gas Industry Market by Application
10.2.6.2 France Composites In Oil And Gas Industry Market
10.2.6.2.1 France Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.2.2 France Composites In Oil And Gas Industry Market by Resin Type
10.2.6.2.3 France Composites In Oil And Gas Industry Market by Application
10.2.6.3 Italy Composites In Oil And Gas Industry Market
10.2.6.3.1 Italy Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.3.2 Italy Composites In Oil And Gas Industry Market by Resin Type
10.2.6.3.3 Italy Composites In Oil And Gas Industry Market by Application
10.2.6.4 United Kingdom Composites In Oil And Gas Industry Market
10.2.6.4.1 United Kingdom Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.4.2 United Kingdom Composites In Oil And Gas Industry Market by Resin Type
10.2.6.4.3 United Kingdom Composites In Oil And Gas Industry Market by Application
10.2.6.5 Russia Composites In Oil And Gas Industry Market
10.2.6.5.1 Russia Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.5.2 Russia Composites In Oil And Gas Industry Market by Resin Type
10.2.6.5.3 Russia Composites In Oil And Gas Industry Market by Application
10.2.6.6 Rest of Europe Composites In Oil And Gas Industry Market
10.2.6.6.1 Rest of Europe Composites In Oil And Gas Industry Market by Fiber Type
10.2.6.6.2 Rest of Europe Composites In Oil And Gas Industry Market by Resin Type
10.2.6.6.3 Rest of Europe Composites In Oil And Gas Industry Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Composites In Oil And Gas Industry Market Overview
10.3.2 Asia-Pacific Composites In Oil And Gas Industry Market Forecasts and Analysis
10.3.3 Asia-Pacific Composites In Oil And Gas Industry Market Forecasts and Analysis - By Fiber Type
10.3.4 Asia-Pacific Composites In Oil And Gas Industry Market Forecasts and Analysis - By Resin Type
10.3.5 Asia-Pacific Composites In Oil And Gas Industry Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Composites In Oil And Gas Industry Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Composites In Oil And Gas Industry Market
10.3.6.1.1 Australia Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.1.2 Australia Composites In Oil And Gas Industry Market by Resin Type
10.3.6.1.3 Australia Composites In Oil And Gas Industry Market by Application
10.3.6.2 China Composites In Oil And Gas Industry Market
10.3.6.2.1 China Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.2.2 China Composites In Oil And Gas Industry Market by Resin Type
10.3.6.2.3 China Composites In Oil And Gas Industry Market by Application
10.3.6.3 India Composites In Oil And Gas Industry Market
10.3.6.3.1 India Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.3.2 India Composites In Oil And Gas Industry Market by Resin Type
10.3.6.3.3 India Composites In Oil And Gas Industry Market by Application
10.3.6.4 Japan Composites In Oil And Gas Industry Market
10.3.6.4.1 Japan Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.4.2 Japan Composites In Oil And Gas Industry Market by Resin Type
10.3.6.4.3 Japan Composites In Oil And Gas Industry Market by Application
10.3.6.5 South Korea Composites In Oil And Gas Industry Market
10.3.6.5.1 South Korea Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.5.2 South Korea Composites In Oil And Gas Industry Market by Resin Type
10.3.6.5.3 South Korea Composites In Oil And Gas Industry Market by Application
10.3.6.6 Rest of Asia-Pacific Composites In Oil And Gas Industry Market
10.3.6.6.1 Rest of Asia-Pacific Composites In Oil And Gas Industry Market by Fiber Type
10.3.6.6.2 Rest of Asia-Pacific Composites In Oil And Gas Industry Market by Resin Type
10.3.6.6.3 Rest of Asia-Pacific Composites In Oil And Gas Industry Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Composites In Oil And Gas Industry Market Overview
10.4.2 Middle East and Africa Composites In Oil And Gas Industry Market Forecasts and Analysis
10.4.3 Middle East and Africa Composites In Oil And Gas Industry Market Forecasts and Analysis - By Fiber Type
10.4.4 Middle East and Africa Composites In Oil And Gas Industry Market Forecasts and Analysis - By Resin Type
10.4.5 Middle East and Africa Composites In Oil And Gas Industry Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Composites In Oil And Gas Industry Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Composites In Oil And Gas Industry Market
10.4.6.1.1 South Africa Composites In Oil And Gas Industry Market by Fiber Type
10.4.6.1.2 South Africa Composites In Oil And Gas Industry Market by Resin Type
10.4.6.1.3 South Africa Composites In Oil And Gas Industry Market by Application
10.4.6.2 Saudi Arabia Composites In Oil And Gas Industry Market
10.4.6.2.1 Saudi Arabia Composites In Oil And Gas Industry Market by Fiber Type
10.4.6.2.2 Saudi Arabia Composites In Oil And Gas Industry Market by Resin Type
10.4.6.2.3 Saudi Arabia Composites In Oil And Gas Industry Market by Application
10.4.6.3 U.A.E Composites In Oil And Gas Industry Market
10.4.6.3.1 U.A.E Composites In Oil And Gas Industry Market by Fiber Type
10.4.6.3.2 U.A.E Composites In Oil And Gas Industry Market by Resin Type
10.4.6.3.3 U.A.E Composites In Oil And Gas Industry Market by Application
10.4.6.4 Rest of Middle East and Africa Composites In Oil And Gas Industry Market
10.4.6.4.1 Rest of Middle East and Africa Composites In Oil And Gas Industry Market by Fiber Type
10.4.6.4.2 Rest of Middle East and Africa Composites In Oil And Gas Industry Market by Resin Type
10.4.6.4.3 Rest of Middle East and Africa Composites In Oil And Gas Industry Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Composites In Oil And Gas Industry Market Overview
10.5.2 South and Central America Composites In Oil And Gas Industry Market Forecasts and Analysis
10.5.3 South and Central America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Fiber Type
10.5.4 South and Central America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Resin Type
10.5.5 South and Central America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Application
10.5.6 South and Central America Composites In Oil And Gas Industry Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Composites In Oil And Gas Industry Market
10.5.6.1.1 Brazil Composites In Oil And Gas Industry Market by Fiber Type
10.5.6.1.2 Brazil Composites In Oil And Gas Industry Market by Resin Type
10.5.6.1.3 Brazil Composites In Oil And Gas Industry Market by Application
10.5.6.2 Argentina Composites In Oil And Gas Industry Market
10.5.6.2.1 Argentina Composites In Oil And Gas Industry Market by Fiber Type
10.5.6.2.2 Argentina Composites In Oil And Gas Industry Market by Resin Type
10.5.6.2.3 Argentina Composites In Oil And Gas Industry Market by Application
10.5.6.3 Rest of South and Central America Composites In Oil And Gas Industry Market
10.5.6.3.1 Rest of South and Central America Composites In Oil And Gas Industry Market by Fiber Type
10.5.6.3.2 Rest of South and Central America Composites In Oil And Gas Industry Market by Resin Type
10.5.6.3.3 Rest of South and Central America Composites In Oil And Gas Industry Market by Application
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. COMPOSITES IN OIL AND GAS INDUSTRY MARKET, KEY COMPANY PROFILES
12.1. AIRBORNE OIL AND GAS B.V.
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. CIP COMPOSITES
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. ENDURO COMPOSITES, 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. GE OIL AND GAS
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. NATIONAL OILWELL VARCO
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. PIPEX 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. SCHLUMBERGER
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. STRONGWELL CORPORATION
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. VELLO NORDIC AS
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. ZCL COMPOSITES
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. Airborne Oil and Gas B.V.
2. CIP Composites
3. Enduro Composites, Inc.
4. GE Oil and Gas
5. National Oilwell Varco
6. Pipex Ltd.
7. Schlumberger
8. Strongwell Corporation
9. Vello Nordic AS
10. ZCL Composites
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.