Crystalline Silicon Solar PV Modules Market Outlook 2031
Analyst Perspective
People's awareness has increased, and they are constantly finding ways to be eco-friendly. They are seeking sustainability in the things they do or use. This shift from conventional to renewable energy has resulted in the growth of the crystalline silicon solar PV modules market. Various organizations have made sustainable development goals one of their targets for the future. This decision requires them to adopt a more environmentally friendly approach to their operations. Renewable energy, being an important element of it, has helped the market grow.
Market Overview
Silicon Solar PVs are the most widely used technology when it comes to solar panels. The reason for this is their structure. The structure is well organized, and it enables them to convert light into energy more efficiently. The silicon solar PVs are of two types: Monocrystalline and Polycrystalline, with Polycrystalline being more efficient. The crystalline silicon solar PV modules market is expected to expand at a CAGR of 8.7% during the forecast period. The advancement of technology has led to better products. These silicon solar PV modules will increase their efficiency, leading to a more favorable situation for the market. As they become better, their usage will also increase in various residential, commercial, and utility areas.
Market Driver
Increasing expenditure on renewable energy
In the coming years, fighting against climate change will be mankind's biggest challenge. Individuals, as well as organizations around the world, need to contribute to sustaining the environment. The use of renewable energy will be preferred. Various Governments around the world will continue to take initiative towards preserving the planet. The incentives for renewable energy that governments are giving to corporations and the public have encouraged everyone to buy more solar panels. All of these is expected to drive the crystalline silicon solar PV modules market.
Market Scope
The "Global Crystalline Silicon Solar PV Modules Market Analysis" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of the crystalline silicon solar PV modules market with detailed market segmentation by product type, applications, and geography. The report provides key statistics on the market status of the leading crystalline silicon solar PV modules market players and offers key trends and opportunities in the market.
Market Segmentation
The crystalline silicon solar PV modules market is segmented based on type, application, and geography. Based on type, the crystalline silicon solar PV modules market is segmented into monocrystalline and polycrystalline. On the basis of application, the crystalline silicon solar PV modules market is segmented into residents, commercial, and utility.
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 market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 with respect to five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The crystalline silicon solar PV modules 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 trends and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive 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 crystalline silicon solar PV modules market in these regions.
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MARKET PLAYERS
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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 2021 to 2031 with respect to five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The crystalline silicon solar PV modules 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 trends and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive 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 crystalline silicon solar PV modules market in these regions.
MARKET PLAYERS
The report covers key developments in the crystalline silicon solar PV modules 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the crystalline silicon solar PV modules market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crystalline silicon solar PV modules market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key developments in the past five years. Mentioned below is the list of a few key players in the market.
- JinkoSolar Holding Co. Ltd.
- Ja Solar Holding Co. Ltd.
- Trina Solar Co. Ltd.
- Risen Energy Co. Ltd.
- Canadian Solar Inc.
- Yingli Green Energy Holding Co. Ltd.
- Zhejiang CHINT Electrics Co. Ltd.
- Suzhou Taleson Solar Technology Co. Ltd.
- LONGI Green Technology Co. Ltd.
- Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
- 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.
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 Crystalline Silicon Solar PV Modules Market - By Product Type
1.3.2 Crystalline Silicon Solar PV Modules Market - By Application
1.3.3 Crystalline Silicon Solar PV Modules Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRYSTALLINE SILICON SOLAR PV MODULES 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CRYSTALLINE SILICON SOLAR PV MODULES 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. CRYSTALLINE SILICON SOLAR PV MODULES MARKET - GLOBAL MARKET ANALYSIS
6.1. CRYSTALLINE SILICON SOLAR PV MODULES - GLOBAL MARKET OVERVIEW
6.2. CRYSTALLINE SILICON SOLAR PV MODULES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CRYSTALLINE SILICON SOLAR PV MODULES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOCRYSTALLINE
7.3.1. Overview
7.3.2. Monocrystalline Market Forecast and Analysis
7.4. POLYCRYSTALLINE
7.4.1. Overview
7.4.2. Polycrystalline Market Forecast and Analysis
8. CRYSTALLINE SILICON SOLAR PV MODULES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. UTILITY
8.5.1. Overview
8.5.2. Utility Market Forecast and Analysis
9. CRYSTALLINE SILICON SOLAR PV MODULES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Crystalline Silicon Solar PV Modules Market Overview
9.1.2 North America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis
9.1.3 North America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Product Type
9.1.4 North America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Application
9.1.5 North America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Countries
9.1.5.1 United States Crystalline Silicon Solar PV Modules Market
9.1.5.1.1 United States Crystalline Silicon Solar PV Modules Market by Product Type
9.1.5.1.2 United States Crystalline Silicon Solar PV Modules Market by Application
9.1.5.2 Canada Crystalline Silicon Solar PV Modules Market
9.1.5.2.1 Canada Crystalline Silicon Solar PV Modules Market by Product Type
9.1.5.2.2 Canada Crystalline Silicon Solar PV Modules Market by Application
9.1.5.3 Mexico Crystalline Silicon Solar PV Modules Market
9.1.5.3.1 Mexico Crystalline Silicon Solar PV Modules Market by Product Type
9.1.5.3.2 Mexico Crystalline Silicon Solar PV Modules Market by Application
9.2. EUROPE
9.2.1 Europe Crystalline Silicon Solar PV Modules Market Overview
9.2.2 Europe Crystalline Silicon Solar PV Modules Market Forecasts and Analysis
9.2.3 Europe Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Product Type
9.2.4 Europe Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Application
9.2.5 Europe Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Crystalline Silicon Solar PV Modules Market
9.2.5.1.1 Germany Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.1.2 Germany Crystalline Silicon Solar PV Modules Market by Application
9.2.5.2 France Crystalline Silicon Solar PV Modules Market
9.2.5.2.1 France Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.2.2 France Crystalline Silicon Solar PV Modules Market by Application
9.2.5.3 Italy Crystalline Silicon Solar PV Modules Market
9.2.5.3.1 Italy Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.3.2 Italy Crystalline Silicon Solar PV Modules Market by Application
9.2.5.4 United Kingdom Crystalline Silicon Solar PV Modules Market
9.2.5.4.1 United Kingdom Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.4.2 United Kingdom Crystalline Silicon Solar PV Modules Market by Application
9.2.5.5 Russia Crystalline Silicon Solar PV Modules Market
9.2.5.5.1 Russia Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.5.2 Russia Crystalline Silicon Solar PV Modules Market by Application
9.2.5.6 Rest of Europe Crystalline Silicon Solar PV Modules Market
9.2.5.6.1 Rest of Europe Crystalline Silicon Solar PV Modules Market by Product Type
9.2.5.6.2 Rest of Europe Crystalline Silicon Solar PV Modules Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Crystalline Silicon Solar PV Modules Market Overview
9.3.2 Asia-Pacific Crystalline Silicon Solar PV Modules Market Forecasts and Analysis
9.3.3 Asia-Pacific Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Crystalline Silicon Solar PV Modules Market
9.3.5.1.1 Australia Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.1.2 Australia Crystalline Silicon Solar PV Modules Market by Application
9.3.5.2 China Crystalline Silicon Solar PV Modules Market
9.3.5.2.1 China Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.2.2 China Crystalline Silicon Solar PV Modules Market by Application
9.3.5.3 India Crystalline Silicon Solar PV Modules Market
9.3.5.3.1 India Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.3.2 India Crystalline Silicon Solar PV Modules Market by Application
9.3.5.4 Japan Crystalline Silicon Solar PV Modules Market
9.3.5.4.1 Japan Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.4.2 Japan Crystalline Silicon Solar PV Modules Market by Application
9.3.5.5 South Korea Crystalline Silicon Solar PV Modules Market
9.3.5.5.1 South Korea Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.5.2 South Korea Crystalline Silicon Solar PV Modules Market by Application
9.3.5.6 Rest of Asia-Pacific Crystalline Silicon Solar PV Modules Market
9.3.5.6.1 Rest of Asia-Pacific Crystalline Silicon Solar PV Modules Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Crystalline Silicon Solar PV Modules Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Crystalline Silicon Solar PV Modules Market Overview
9.4.2 Middle East and Africa Crystalline Silicon Solar PV Modules Market Forecasts and Analysis
9.4.3 Middle East and Africa Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Crystalline Silicon Solar PV Modules Market
9.4.5.1.1 South Africa Crystalline Silicon Solar PV Modules Market by Product Type
9.4.5.1.2 South Africa Crystalline Silicon Solar PV Modules Market by Application
9.4.5.2 Saudi Arabia Crystalline Silicon Solar PV Modules Market
9.4.5.2.1 Saudi Arabia Crystalline Silicon Solar PV Modules Market by Product Type
9.4.5.2.2 Saudi Arabia Crystalline Silicon Solar PV Modules Market by Application
9.4.5.3 U.A.E Crystalline Silicon Solar PV Modules Market
9.4.5.3.1 U.A.E Crystalline Silicon Solar PV Modules Market by Product Type
9.4.5.3.2 U.A.E Crystalline Silicon Solar PV Modules Market by Application
9.4.5.4 Rest of Middle East and Africa Crystalline Silicon Solar PV Modules Market
9.4.5.4.1 Rest of Middle East and Africa Crystalline Silicon Solar PV Modules Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Crystalline Silicon Solar PV Modules Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Crystalline Silicon Solar PV Modules Market Overview
9.5.2 South and Central America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis
9.5.3 South and Central America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Application
9.5.5 South and Central America Crystalline Silicon Solar PV Modules Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Crystalline Silicon Solar PV Modules Market
9.5.5.1.1 Brazil Crystalline Silicon Solar PV Modules Market by Product Type
9.5.5.1.2 Brazil Crystalline Silicon Solar PV Modules Market by Application
9.5.5.2 Argentina Crystalline Silicon Solar PV Modules Market
9.5.5.2.1 Argentina Crystalline Silicon Solar PV Modules Market by Product Type
9.5.5.2.2 Argentina Crystalline Silicon Solar PV Modules Market by Application
9.5.5.3 Rest of South and Central America Crystalline Silicon Solar PV Modules Market
9.5.5.3.1 Rest of South and Central America Crystalline Silicon Solar PV Modules Market by Product Type
9.5.5.3.2 Rest of South and Central America Crystalline Silicon Solar PV Modules Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CRYSTALLINE SILICON SOLAR PV MODULES MARKET, KEY COMPANY PROFILES
11.1. CANADIAN SOLAR 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. JA SOLAR HOLDINGS CO. 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. JIANGSU SHUNFENG PHOTOVOLTAIC TECHNOLOGY CO. LTD.
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. JINKOSOLAR HOLDING CO. LTD.
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. LONGI GREEN ENERGY TECHNOLOGY CO. LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RISEN ENERGY CO. LTD.
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. SUZHOU TALESUN SOLAR TECHNOLOGY CO. LTD.
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. TRINA SOLAR CO. LTD.
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. YINGLI GREEN ENERGY HOLDING CO. LTD.
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. ZHEJIANG CHINT ELECTRICS CO. LTD.
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. Canadian Solar Inc.
2. Ja Solar Holdings Co. Ltd.
3. Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
4. JinkoSolar Holding Co. Ltd.
5. LONGi Green Energy Technology Co. Ltd.
6. Risen Energy Co. Ltd.
7. Suzhou Talesun Solar Technology Co. Ltd.
8. Trina Solar Co. Ltd.
9. Yingli Green Energy Holding Co. Ltd.
10. Zhejiang CHINT Electrics Co. Ltd.
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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