Data Center Liquid Cooling Market Trends and Forecast by 2031
The Data Center Liquid Cooling Market is expected to register a CAGR of 24.4% during 2023–2031. Rising demand for cloud-based data fabric is likely to remain a key trend in the market.
Data Center Liquid Cooling Market Analysis
- The market for highly efficient cooling systems is thriving as liquid-cooled servers are being widely accepted to increase energy efficiency.
- Data traffic across the world is also surging day by day, including the growth of rack power density and the upcoming 5G service, which is resulting in the exponential growth of data centers in the near future. This surge will shape the demand for cutting-edge cooling technology in the data center.
- The number of investments in data center cooling innovation is rapidly growing. This clearly shows that new ideas and innovations in data center cooling technology are now booming and looking for a feasible opportunity to invest in.
- The world is experiencing rapid globalization together with the rapid penetration of the latest technological trends like the digitization revolution. This continued process is demanding cloud computing to accelerate. Further, the consumption of liquid cooling is rising in telecommunication, which is further propelling the market growth worldwide.
Data Center Liquid Cooling Market Overview
- Data Center Liquid Cooling Market provides services for the intelligent cooling of data centers that use a specially designed injection-recirculation loop with a closed liquid cooling system to extract heat from the outlets and dissipate it from precision computing and storage equipment such as servers, graphic processing units (GPUs), routers, and storage devices.
- The rising need for eco-friendly cooling systems in data centers to combat heat load growth resulting from high-density computing apps, cloud services and artificial intelligence apps is fueling the growth of the market.
- Moreover, the use of liquid cooling technology enhances cooling efficiency, helps in reducing energy consumption, and meets the critical thermal management challenges in modern data centers.
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Data Center Liquid Cooling Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Data Center Liquid Cooling Market: Strategic Insights
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Data Center Liquid Cooling Market Drivers and Opportunities
Increasing Demand for High-Performance Computing to Favor the Market
- The market of data center liquid cooling market is driven by the increasing demand for high-density computing applications, such as artificial intelligence, big data analytics, and cloud services.
- It is a growing trend in various businesses, as these applications produce a lot of heat, and the data center needs to cool it as much as possible to sustain further processing, which traditional air cooling doesn’t do.
- These advanced technologies allow Data Center Liquid Cooling to manage more heating in a small space while providing a safe environment for efficient operation.
- Given the need for higher performance, high-density computing is expected to grow at a significant rate, supporting the goal of achieving energy efficiency in computing, which could provide growth to the Data Center Liquid Cooling Market in the near future.
Expansion of Edge Data Centers
- The increasing demand for edge data centers offers a great opportunity to the Data Center Liquid Cooling Market. The rise in demand for cooling technologies in edge deployments demands innovative liquid cooling technologies owing to the growing demand for 5G deployments, autonomous vehicles and smart cities.
- Liquid immersion coolants help to save a significant amount of energy when used in an edge data center environment. This will benefit the edge data center cooling market, paving the way for new opportunities for brands that offer these solutions.
Data Center Liquid Cooling Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Data Center Liquid Cooling Market analysis are component, type of cooling, and industry vertical.
- Based on component, the Data Center Liquid Cooling Market is divided into solutions and services.
- On the basis of type of cooling, the market is divided into cold plate liquid cooling, immersion liquid cooling, and spray liquid cooling.
- Based on industry vertical, the Data Center Liquid Cooling Market is divided into IT and telecom, BFSI, media and entertainment, retail and e-commerce, government and defense, healthcare, and others.
Data Center Liquid Cooling Market Share Analysis by Geography
- Data Center Liquid Cooling Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Data Center Liquid Cooling Market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Data Center Liquid Cooling Market in these regions.
Data Center Liquid Cooling Market Report Scope
Data Center Liquid Cooling Market News and Recent Developments
The Data Center Liquid Cooling Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Data Center Liquid Cooling Market are listed below:
- Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, announces the launch of its DeltaFlow~ TM liquid cooling technology, a patent-pending solution designed to support the high-density compute requirements of next-generation applications and high-performance computing (HPC), including artificial intelligence (AI), machine learning (ML), and supercomputers. (Source: Aligned, Company News, January 2024)
- Digital Realty, the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions announced the availability of groundbreaking liquid-to-chip cooling technology, the next evolution in high-density deployment support. This innovative advancement represents a significant leap forward in addressing the evolving challenges of managing high-density workloads, particularly in the realm of artificial intelligence (AI) and data-intensive applications. (Source: Digital Realty, Company News, May 2024).
Data Center Liquid Cooling Market Report Coverage and Deliverables
The “Data Center Liquid Cooling Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Data Center Liquid Cooling Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Data Center Liquid Cooling Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Data Center Liquid Cooling Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Data Center Liquid Cooling Market.
- Detailed company profiles.
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.
Frequently Asked Questions
The global Data Center Liquid Cooling Market is expected to grow at a CAGR of 24.4% during the forecast period 2023 - 2031.
Increasing Demand for High-Performance Computing is one of the major factors driving the Data Center Liquid Cooling Market.
Rising demand for Renewable Energy for Data Center Cooling is anticipated to play a significant role in the global Data Center Liquid Cooling Market in the coming years.
The leading players operating in the Data Center Liquid Cooling Market are Asetek, Inc., Vertiv Group Corp., Fujitsu Group, Green Revolution Cooling, Inc., ALFA LAVAL, LiquidStack, COOLIT SYSTEMS, Chilldyne, LiquidCool Solutions, and STULZ GMBH.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are 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.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Data Center Liquid Cooling Market - By Component
1.3.2Data Center Liquid Cooling Market - By Industry Vertical
1.3.3Data Center Liquid Cooling Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.DATA CENTER LIQUID COOLING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.DATA CENTER LIQUID COOLING 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.DATA CENTER LIQUID COOLING MARKET - GLOBAL MARKET ANALYSIS
6.1.DATA CENTER LIQUID COOLING - GLOBAL MARKET OVERVIEW
6.2.DATA CENTER LIQUID COOLING - GLOBAL MARKET AND FORECAST TO 2027
6.3.MARKET POSITIONING/MARKET SHARE
7.DATA CENTER LIQUID COOLING MARKET - REVENUE AND FORECASTS TO 2027 â COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.SOLUTIONS
7.3.1.Overview
7.3.2.Solutions Market Forecast and Analysis
7.3.3.Indirect Liquid Cooling Market
7.3.3.1.Overview
7.3.3.2.Indirect Liquid Cooling Market Forecast and Analysis
7.3.4.Direct Liquid Cooling Market
7.3.4.1.Overview
7.3.4.2.Direct Liquid Cooling Market Forecast and Analysis
7.4.SERVICES
7.4.1.Overview
7.4.2.Services Market Forecast and Analysis
7.4.3.Design and Consulting Market
7.4.3.1.Overview
7.4.3.2.Design and Consulting Market Forecast and Analysis
7.4.4.Installation and Deployment Market
7.4.4.1.Overview
7.4.4.2.Installation and Deployment Market Forecast and Analysis
7.4.5.Support and Maintenance Market
7.4.5.1.Overview
7.4.5.2.Support and Maintenance Market Forecast and Analysis
8.DATA CENTER LIQUID COOLING MARKET - REVENUE AND FORECASTS TO 2027 â INDUSTRY VERTICAL
8.1.OVERVIEW
8.2.INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3.BFSI
8.3.1.Overview
8.3.2.BFSI Market Forecast and Analysis
8.4.RETAIL AND E-COMMERCE
8.4.1.Overview
8.4.2.Retail and E-commerce Market Forecast and Analysis
8.5.MANUFACTURING
8.5.1.Overview
8.5.2.Manufacturing Market Forecast and Analysis
8.6.GOVERNMENT AND DEFENSE
8.6.1.Overview
8.6.2.Government and Defense Market Forecast and Analysis
8.7.ENERGY AND UTILITIES
8.7.1.Overview
8.7.2.Energy and Utilities Market Forecast and Analysis
8.8.IT AND TELECOM
8.8.1.Overview
8.8.2.IT and Telecom Market Forecast and Analysis
8.9.EDUCATION
8.9.1.Overview
8.9.2.Education Market Forecast and Analysis
8.10.HEALTHCARE
8.10.1.Overview
8.10.2.Healthcare Market Forecast and Analysis
8.11.OTHERS
8.11.1.Overview
8.11.2.Others Market Forecast and Analysis
9.DATA CENTER LIQUID COOLING MARKET REVENUE AND FORECASTS TO 2027 â GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Data Center Liquid Cooling Market Overview
9.1.2North America Data Center Liquid Cooling Market Forecasts and Analysis
9.1.3North America Data Center Liquid Cooling Market Forecasts and Analysis - By Component
9.1.4North America Data Center Liquid Cooling Market Forecasts and Analysis - By Industry Vertical
9.1.5North America Data Center Liquid Cooling Market Forecasts and Analysis - By Countries
9.1.5.1United States Data Center Liquid Cooling Market
9.1.5.1.1United States Data Center Liquid Cooling Market by Component
9.1.5.1.2United States Data Center Liquid Cooling Market by Industry Vertical
9.1.5.2Canada Data Center Liquid Cooling Market
9.1.5.2.1Canada Data Center Liquid Cooling Market by Component
9.1.5.2.2Canada Data Center Liquid Cooling Market by Industry Vertical
9.1.5.3Mexico Data Center Liquid Cooling Market
9.1.5.3.1Mexico Data Center Liquid Cooling Market by Component
9.1.5.3.2Mexico Data Center Liquid Cooling Market by Industry Vertical
9.2.EUROPE
9.2.1Europe Data Center Liquid Cooling Market Overview
9.2.2Europe Data Center Liquid Cooling Market Forecasts and Analysis
9.2.3Europe Data Center Liquid Cooling Market Forecasts and Analysis - By Component
9.2.4Europe Data Center Liquid Cooling Market Forecasts and Analysis - By Industry Vertical
9.2.5Europe Data Center Liquid Cooling Market Forecasts and Analysis - By Countries
9.2.5.1Germany Data Center Liquid Cooling Market
9.2.5.1.1Germany Data Center Liquid Cooling Market by Component
9.2.5.1.2Germany Data Center Liquid Cooling Market by Industry Vertical
9.2.5.2France Data Center Liquid Cooling Market
9.2.5.2.1France Data Center Liquid Cooling Market by Component
9.2.5.2.2France Data Center Liquid Cooling Market by Industry Vertical
9.2.5.3Italy Data Center Liquid Cooling Market
9.2.5.3.1Italy Data Center Liquid Cooling Market by Component
9.2.5.3.2Italy Data Center Liquid Cooling Market by Industry Vertical
9.2.5.4United Kingdom Data Center Liquid Cooling Market
9.2.5.4.1United Kingdom Data Center Liquid Cooling Market by Component
9.2.5.4.2United Kingdom Data Center Liquid Cooling Market by Industry Vertical
9.2.5.5Russia Data Center Liquid Cooling Market
9.2.5.5.1Russia Data Center Liquid Cooling Market by Component
9.2.5.5.2Russia Data Center Liquid Cooling Market by Industry Vertical
9.2.5.6Rest of Europe Data Center Liquid Cooling Market
9.2.5.6.1Rest of Europe Data Center Liquid Cooling Market by Component
9.2.5.6.2Rest of Europe Data Center Liquid Cooling Market by Industry Vertical
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Data Center Liquid Cooling Market Overview
9.3.2Asia-Pacific Data Center Liquid Cooling Market Forecasts and Analysis
9.3.3Asia-Pacific Data Center Liquid Cooling Market Forecasts and Analysis - By Component
9.3.4Asia-Pacific Data Center Liquid Cooling Market Forecasts and Analysis - By Industry Vertical
9.3.5Asia-Pacific Data Center Liquid Cooling Market Forecasts and Analysis - By Countries
9.3.5.1Australia Data Center Liquid Cooling Market
9.3.5.1.1Australia Data Center Liquid Cooling Market by Component
9.3.5.1.2Australia Data Center Liquid Cooling Market by Industry Vertical
9.3.5.2China Data Center Liquid Cooling Market
9.3.5.2.1China Data Center Liquid Cooling Market by Component
9.3.5.2.2China Data Center Liquid Cooling Market by Industry Vertical
9.3.5.3India Data Center Liquid Cooling Market
9.3.5.3.1India Data Center Liquid Cooling Market by Component
9.3.5.3.2India Data Center Liquid Cooling Market by Industry Vertical
9.3.5.4Japan Data Center Liquid Cooling Market
9.3.5.4.1Japan Data Center Liquid Cooling Market by Component
9.3.5.4.2Japan Data Center Liquid Cooling Market by Industry Vertical
9.3.5.5South Korea Data Center Liquid Cooling Market
9.3.5.5.1South Korea Data Center Liquid Cooling Market by Component
9.3.5.5.2South Korea Data Center Liquid Cooling Market by Industry Vertical
9.3.5.6Rest of Asia-Pacific Data Center Liquid Cooling Market
9.3.5.6.1Rest of Asia-Pacific Data Center Liquid Cooling Market by Component
9.3.5.6.2Rest of Asia-Pacific Data Center Liquid Cooling Market by Industry Vertical
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Data Center Liquid Cooling Market Overview
9.4.2Middle East and Africa Data Center Liquid Cooling Market Forecasts and Analysis
9.4.3Middle East and Africa Data Center Liquid Cooling Market Forecasts and Analysis - By Component
9.4.4Middle East and Africa Data Center Liquid Cooling Market Forecasts and Analysis - By Industry Vertical
9.4.5Middle East and Africa Data Center Liquid Cooling Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Data Center Liquid Cooling Market
9.4.5.1.1South Africa Data Center Liquid Cooling Market by Component
9.4.5.1.2South Africa Data Center Liquid Cooling Market by Industry Vertical
9.4.5.2Saudi Arabia Data Center Liquid Cooling Market
9.4.5.2.1Saudi Arabia Data Center Liquid Cooling Market by Component
9.4.5.2.2Saudi Arabia Data Center Liquid Cooling Market by Industry Vertical
9.4.5.3U.A.E Data Center Liquid Cooling Market
9.4.5.3.1U.A.E Data Center Liquid Cooling Market by Component
9.4.5.3.2U.A.E Data Center Liquid Cooling Market by Industry Vertical
9.4.5.4Rest of Middle East and Africa Data Center Liquid Cooling Market
9.4.5.4.1Rest of Middle East and Africa Data Center Liquid Cooling Market by Component
9.4.5.4.2Rest of Middle East and Africa Data Center Liquid Cooling Market by Industry Vertical
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Data Center Liquid Cooling Market Overview
9.5.2South and Central America Data Center Liquid Cooling Market Forecasts and Analysis
9.5.3South and Central America Data Center Liquid Cooling Market Forecasts and Analysis - By Component
9.5.4South and Central America Data Center Liquid Cooling Market Forecasts and Analysis - By Industry Vertical
9.5.5South and Central America Data Center Liquid Cooling Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Data Center Liquid Cooling Market
9.5.5.1.1Brazil Data Center Liquid Cooling Market by Component
9.5.5.1.2Brazil Data Center Liquid Cooling Market by Industry Vertical
9.5.5.2Argentina Data Center Liquid Cooling Market
9.5.5.2.1Argentina Data Center Liquid Cooling Market by Component
9.5.5.2.2Argentina Data Center Liquid Cooling Market by Industry Vertical
9.5.5.3Rest of South and Central America Data Center Liquid Cooling Market
9.5.5.3.1Rest of South and Central America Data Center Liquid Cooling Market by Component
9.5.5.3.2Rest of South and Central America Data Center Liquid Cooling Market by Industry Vertical
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.DATA CENTER LIQUID COOLING MARKET, KEY COMPANY PROFILES
11.1.AIREDALE AIR CONDITIONING
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.ASETEK A/S
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.CONDAIR GROUP
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.COOLIT SYSTEMS
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.GREEN REVOLUTION COOLING
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.FUJITSU
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.ASPEN SYSTEMS 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.RITTAL GMBH
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.SCHNEIDER ELECTRIC PRESIDENT SYSTEMS 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.STULZ GMBH
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. Airedale Air Conditioning
2. Asetek A/S
3. Condair Group
4. CoolIT Systems
5. Green Revolution Cooling
6. Fujitsu
7. Aspen Systems Inc
8. Rittal GmbH
9. Schneider Electric President Systems Ltd.
10. Stulz GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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