Diesel Generator Market Research Report 2021-2031
The Diesel Generator Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Power Rating (0 to 75 kVA, 75 - 375 kVA, Above 375 kVA). The report further presents analysis based on the Application (Backup Power, Peak Shaving Power, Continuous). The report further presents analysis based on the End User (Commercial, Residential, Industrial). The report further presents analysis based on the Mobility (Stationary, Portable). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Diesel Generator Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Diesel Generator Market Segmentation
Power Rating- 0 to 75 kVA
- 75 - 375 kVA
- Above 375 kVA
- Backup Power
- Peak Shaving Power
- Continuous
- Commercial
- Residential
- Industrial
- Stationary
- Portable
- Stationary
- Portable
Strategic Insights
Diesel Generator Market Growth Drivers- Increasing Urbanization and Infrastructure Development Worldwide: According to the World Bank Group, currently, more than 55% of the total population across the world lives in cities, which is expected to increase by 1.5 times by 2045. Urban areas generate more than 80% of the global GDP and can contribute to sustainable growth through increased productivity and innovation. Adequate infrastructure, including elements such as roads, water supply, electricity, and sanitation, is a prerequisite for the growth and prosperity of urban areas. In addition, rise in industrial investments across the globe is expected to drive the demand for diesel generator in the coming years.
- Rise in Demand for Natural Gas: The demand for natural gas is increasing in applications such as heating, power generation, cooking, and transportation. Versatility associated with the application of natural gas results in the growing share of natural gas in the global energy mix. Moreover, the lowest potential for pollution among all fossil fuels renders natural gas as one of the chief energy sources. Natural gas is also preferred as an alternative in many household applications, e.g., room heating or water heating. Hence, the rise in demand for natural gas from industries and other applications is expected to drive the Diesel Generator Market in the coming years.
- Demand for Uninterrupted Power Supply: The consistent demand for uninterrupted power supply in the developed and developing regions is one of the primary drivers for the diesel generator market. Areas that have an unreliable electrical grid or where the power goes out frequently are ideal places where diesel generators can provide reliability to businesses, hospitals, data centers, and industrial operations during a power outage. Critical infrastructure such as telecommunication towers, hospitals, and emergency services rely largely on diesel generators as backup sources of power. As cities and industries continue to grow on the globe, the rise in demand for UPS solutions will make the diesel generator market grow, especially where power instability is frequent.
- Growth in Construction Activities and Infrastructure Projects: The growth in construction activities and infrastructure projects significantly drives the demand for generators sets for stationary and backup power application in the industry. Rapid urbanization and the rise in population drive the need for new housing, commercial spaces, and infrastructure. For instance, Saudi Arabia is planning to become one of the largest construction sites in the world, with approximately US$ 1.1 trillion of investment in infrastructure and real estate projects. These infrastructure and real estate development projects include Neom Super City, King Salman Park, Diriyah Gate, The Red Sea Projects, Jeddah Economic City, and Jeddah Central Projects. Such rise in investment towards infrastructure projects is expected to drive the demand for diesel generator in the coming years.
- Integration with Smart Grid Systems: The development of smart grids presents a new opportunity in the diesel generator market. Diesel generators can be included in the smart grid system as backup sources of power during periods of peak demand or grid instability. Smart grids are characterized by advanced communication and control technologies, making them more efficient in managing the generation and distribution of power. Remote-controlled diesel generators can provide a much more responsive and flexible energy solution in case of power outages or any other kind of grid disruptions. The integration of diesel generators into these systems can facilitate better load management and more stability within the grid, further enhancing their role in modern power infrastructure.
- Increasing Trend of Renting Generator Equipment: The increasing trend of renting generator equipment rather than outright ownership aligns with the evolving needs and preferences of businesses across industries. Renting diesel generator provides businesses with a cost-efficient alternative to purchasing, particularly for those with intermittent or project-specific needs. This approach allows companies to allocate capital to other critical areas while still gaining access to advanced and specialized generator models.
- Increased Power Demand in Remote Areas: Diesel generators play a significant role in off-the-grid power provision in remote areas, rural settings, and other isolated regions far from the central power grid or where expansion of the former is not economical. These sites often have inadequate infrastructure in place or are geologically inaccessible. In such an environment, diesel generators normally serve as the best alternate for offering vital power for the purposes of lighting, heating, farming, and domestic and small-scale industrial applications. As demand for electricity increases worldwide, especially in underdeveloped regions, diesel generators will continue to be in demand, especially in Africa, South Asia, and parts of Latin America.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Diesel Generator Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Diesel Generator Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
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to country scope.
Frequently Asked Questions
The Diesel Generator Market is estimated to witness a CAGR of 7.2% from 2023 to 2031
The major factors driving the Diesel Generator Market are: Increasing Urbanization and Infrastructure Development WorldwideRise in Demand for Natural Gas
Increasing trend of renting generator equipment is the key future trend of the Diesel Generator Market
The leading players operating in the Diesel Generator Market include Atlas Copco AB, Caterpillar Inc., Cummins Inc., Denyo Co., Ltd., Generac Power Systems, Inc., General Electric Company, HIMOINSA S.L., Ingersoll-Rand Inc., Siemens AG, and Wacker Neuson SE
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 the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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 Diesel Generator Market - By Power Rating
1.3.2 Diesel Generator Market - By Mobility
1.3.3 Diesel Generator Market - By Application
1.3.4 Diesel Generator Market - By End User
1.3.5 Diesel Generator Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIESEL GENERATOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DIESEL GENERATOR 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. DIESEL GENERATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. DIESEL GENERATOR - GLOBAL MARKET OVERVIEW
6.2. DIESEL GENERATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DIESEL GENERATOR MARKET - REVENUE AND FORECASTS TO 2028 - POWER RATING
7.1. OVERVIEW
7.2. POWER RATING MARKET FORECASTS AND ANALYSIS
7.3. BELOW 100 KVA
7.3.1. Overview
7.3.2. Below 100 kVA Market Forecast and Analysis
7.4. 100-350 KVA
7.4.1. Overview
7.4.2. 100-350 kVA Market Forecast and Analysis
7.5. 350-1000 KVA
7.5.1. Overview
7.5.2. 350-1000 kVA Market Forecast and Analysis
7.6. ABOVE 1000 KVA
7.6.1. Overview
7.6.2. Above 1000 kVA Market Forecast and Analysis
8. DIESEL GENERATOR MARKET - REVENUE AND FORECASTS TO 2028 - MOBILITY
8.1. OVERVIEW
8.2. MOBILITY MARKET FORECASTS AND ANALYSIS
8.3. STATIONARY
8.3.1. Overview
8.3.2. Stationary Market Forecast and Analysis
8.4. PORTABLE
8.4.1. Overview
8.4.2. Portable Market Forecast and Analysis
9. DIESEL GENERATOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. STANDBY POWER
9.3.1. Overview
9.3.2. Standby Power Market Forecast and Analysis
9.4. PEAK SHAVING
9.4.1. Overview
9.4.2. Peak Shaving Market Forecast and Analysis
10. DIESEL GENERATOR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
10.5. INDUSTRIAL
10.5.1. Overview
10.5.2. Industrial Market Forecast and Analysis
11. DIESEL GENERATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Diesel Generator Market Overview
11.1.2 North America Diesel Generator Market Forecasts and Analysis
11.1.3 North America Diesel Generator Market Forecasts and Analysis - By Power Rating
11.1.4 North America Diesel Generator Market Forecasts and Analysis - By Mobility
11.1.5 North America Diesel Generator Market Forecasts and Analysis - By Application
11.1.6 North America Diesel Generator Market Forecasts and Analysis - By End User
11.1.7 North America Diesel Generator Market Forecasts and Analysis - By Countries
11.1.7.1 United States Diesel Generator Market
11.1.7.1.1 United States Diesel Generator Market by Power Rating
11.1.7.1.2 United States Diesel Generator Market by Mobility
11.1.7.1.3 United States Diesel Generator Market by Application
11.1.7.1.4 United States Diesel Generator Market by End User
11.1.7.2 Canada Diesel Generator Market
11.1.7.2.1 Canada Diesel Generator Market by Power Rating
11.1.7.2.2 Canada Diesel Generator Market by Mobility
11.1.7.2.3 Canada Diesel Generator Market by Application
11.1.7.2.4 Canada Diesel Generator Market by End User
11.1.7.3 Mexico Diesel Generator Market
11.1.7.3.1 Mexico Diesel Generator Market by Power Rating
11.1.7.3.2 Mexico Diesel Generator Market by Mobility
11.1.7.3.3 Mexico Diesel Generator Market by Application
11.1.7.3.4 Mexico Diesel Generator Market by End User
11.2. EUROPE
11.2.1 Europe Diesel Generator Market Overview
11.2.2 Europe Diesel Generator Market Forecasts and Analysis
11.2.3 Europe Diesel Generator Market Forecasts and Analysis - By Power Rating
11.2.4 Europe Diesel Generator Market Forecasts and Analysis - By Mobility
11.2.5 Europe Diesel Generator Market Forecasts and Analysis - By Application
11.2.6 Europe Diesel Generator Market Forecasts and Analysis - By End User
11.2.7 Europe Diesel Generator Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Diesel Generator Market
11.2.7.1.1 Germany Diesel Generator Market by Power Rating
11.2.7.1.2 Germany Diesel Generator Market by Mobility
11.2.7.1.3 Germany Diesel Generator Market by Application
11.2.7.1.4 Germany Diesel Generator Market by End User
11.2.7.2 France Diesel Generator Market
11.2.7.2.1 France Diesel Generator Market by Power Rating
11.2.7.2.2 France Diesel Generator Market by Mobility
11.2.7.2.3 France Diesel Generator Market by Application
11.2.7.2.4 France Diesel Generator Market by End User
11.2.7.3 Italy Diesel Generator Market
11.2.7.3.1 Italy Diesel Generator Market by Power Rating
11.2.7.3.2 Italy Diesel Generator Market by Mobility
11.2.7.3.3 Italy Diesel Generator Market by Application
11.2.7.3.4 Italy Diesel Generator Market by End User
11.2.7.4 United Kingdom Diesel Generator Market
11.2.7.4.1 United Kingdom Diesel Generator Market by Power Rating
11.2.7.4.2 United Kingdom Diesel Generator Market by Mobility
11.2.7.4.3 United Kingdom Diesel Generator Market by Application
11.2.7.4.4 United Kingdom Diesel Generator Market by End User
11.2.7.5 Russia Diesel Generator Market
11.2.7.5.1 Russia Diesel Generator Market by Power Rating
11.2.7.5.2 Russia Diesel Generator Market by Mobility
11.2.7.5.3 Russia Diesel Generator Market by Application
11.2.7.5.4 Russia Diesel Generator Market by End User
11.2.7.6 Rest of Europe Diesel Generator Market
11.2.7.6.1 Rest of Europe Diesel Generator Market by Power Rating
11.2.7.6.2 Rest of Europe Diesel Generator Market by Mobility
11.2.7.6.3 Rest of Europe Diesel Generator Market by Application
11.2.7.6.4 Rest of Europe Diesel Generator Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Diesel Generator Market Overview
11.3.2 Asia-Pacific Diesel Generator Market Forecasts and Analysis
11.3.3 Asia-Pacific Diesel Generator Market Forecasts and Analysis - By Power Rating
11.3.4 Asia-Pacific Diesel Generator Market Forecasts and Analysis - By Mobility
11.3.5 Asia-Pacific Diesel Generator Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Diesel Generator Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Diesel Generator Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Diesel Generator Market
11.3.7.1.1 Australia Diesel Generator Market by Power Rating
11.3.7.1.2 Australia Diesel Generator Market by Mobility
11.3.7.1.3 Australia Diesel Generator Market by Application
11.3.7.1.4 Australia Diesel Generator Market by End User
11.3.7.2 China Diesel Generator Market
11.3.7.2.1 China Diesel Generator Market by Power Rating
11.3.7.2.2 China Diesel Generator Market by Mobility
11.3.7.2.3 China Diesel Generator Market by Application
11.3.7.2.4 China Diesel Generator Market by End User
11.3.7.3 India Diesel Generator Market
11.3.7.3.1 India Diesel Generator Market by Power Rating
11.3.7.3.2 India Diesel Generator Market by Mobility
11.3.7.3.3 India Diesel Generator Market by Application
11.3.7.3.4 India Diesel Generator Market by End User
11.3.7.4 Japan Diesel Generator Market
11.3.7.4.1 Japan Diesel Generator Market by Power Rating
11.3.7.4.2 Japan Diesel Generator Market by Mobility
11.3.7.4.3 Japan Diesel Generator Market by Application
11.3.7.4.4 Japan Diesel Generator Market by End User
11.3.7.5 South Korea Diesel Generator Market
11.3.7.5.1 South Korea Diesel Generator Market by Power Rating
11.3.7.5.2 South Korea Diesel Generator Market by Mobility
11.3.7.5.3 South Korea Diesel Generator Market by Application
11.3.7.5.4 South Korea Diesel Generator Market by End User
11.3.7.6 Rest of Asia-Pacific Diesel Generator Market
11.3.7.6.1 Rest of Asia-Pacific Diesel Generator Market by Power Rating
11.3.7.6.2 Rest of Asia-Pacific Diesel Generator Market by Mobility
11.3.7.6.3 Rest of Asia-Pacific Diesel Generator Market by Application
11.3.7.6.4 Rest of Asia-Pacific Diesel Generator Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Diesel Generator Market Overview
11.4.2 Middle East and Africa Diesel Generator Market Forecasts and Analysis
11.4.3 Middle East and Africa Diesel Generator Market Forecasts and Analysis - By Power Rating
11.4.4 Middle East and Africa Diesel Generator Market Forecasts and Analysis - By Mobility
11.4.5 Middle East and Africa Diesel Generator Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Diesel Generator Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Diesel Generator Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Diesel Generator Market
11.4.7.1.1 South Africa Diesel Generator Market by Power Rating
11.4.7.1.2 South Africa Diesel Generator Market by Mobility
11.4.7.1.3 South Africa Diesel Generator Market by Application
11.4.7.1.4 South Africa Diesel Generator Market by End User
11.4.7.2 Saudi Arabia Diesel Generator Market
11.4.7.2.1 Saudi Arabia Diesel Generator Market by Power Rating
11.4.7.2.2 Saudi Arabia Diesel Generator Market by Mobility
11.4.7.2.3 Saudi Arabia Diesel Generator Market by Application
11.4.7.2.4 Saudi Arabia Diesel Generator Market by End User
11.4.7.3 U.A.E Diesel Generator Market
11.4.7.3.1 U.A.E Diesel Generator Market by Power Rating
11.4.7.3.2 U.A.E Diesel Generator Market by Mobility
11.4.7.3.3 U.A.E Diesel Generator Market by Application
11.4.7.3.4 U.A.E Diesel Generator Market by End User
11.4.7.4 Rest of Middle East and Africa Diesel Generator Market
11.4.7.4.1 Rest of Middle East and Africa Diesel Generator Market by Power Rating
11.4.7.4.2 Rest of Middle East and Africa Diesel Generator Market by Mobility
11.4.7.4.3 Rest of Middle East and Africa Diesel Generator Market by Application
11.4.7.4.4 Rest of Middle East and Africa Diesel Generator Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Diesel Generator Market Overview
11.5.2 South and Central America Diesel Generator Market Forecasts and Analysis
11.5.3 South and Central America Diesel Generator Market Forecasts and Analysis - By Power Rating
11.5.4 South and Central America Diesel Generator Market Forecasts and Analysis - By Mobility
11.5.5 South and Central America Diesel Generator Market Forecasts and Analysis - By Application
11.5.6 South and Central America Diesel Generator Market Forecasts and Analysis - By End User
11.5.7 South and Central America Diesel Generator Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Diesel Generator Market
11.5.7.1.1 Brazil Diesel Generator Market by Power Rating
11.5.7.1.2 Brazil Diesel Generator Market by Mobility
11.5.7.1.3 Brazil Diesel Generator Market by Application
11.5.7.1.4 Brazil Diesel Generator Market by End User
11.5.7.2 Argentina Diesel Generator Market
11.5.7.2.1 Argentina Diesel Generator Market by Power Rating
11.5.7.2.2 Argentina Diesel Generator Market by Mobility
11.5.7.2.3 Argentina Diesel Generator Market by Application
11.5.7.2.4 Argentina Diesel Generator Market by End User
11.5.7.3 Rest of South and Central America Diesel Generator Market
11.5.7.3.1 Rest of South and Central America Diesel Generator Market by Power Rating
11.5.7.3.2 Rest of South and Central America Diesel Generator Market by Mobility
11.5.7.3.3 Rest of South and Central America Diesel Generator Market by Application
11.5.7.3.4 Rest of South and Central America Diesel Generator Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. DIESEL GENERATOR MARKET, KEY COMPANY PROFILES
13.1. CATERPILLAR INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CUMMINS INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GENERAC HOLDINGS INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. KOHLER CO.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MTU ONSITE ENERGY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MITSUBISHI HEAVY INDUSTRIES LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. WUXI KIPOR POWER
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. YANMAR CO. LTD.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. WARTSILA CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List Of Companies
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Kohler Co.
- MTU Onsite Energy
- Mitsubishi Heavy Industries Ltd.
- Wuxi Kipor Power
- Yanmar Co. Ltd.
- Wartsila Corporation
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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