Diesel Generator Market SWOT Analysis by 2031
The diesel generator, a combination of diesel engine with electrical generator, is a reliable power supply device. It is used for generating electricity to provide continuous power supply during power interruptions. It is mostly used as a standby device during power outages or at places with no connection to a power grid. Factors driving the diesel generator market include increasing need for uninterrupted & reliable power supply and increasing number of power outages. The increasing demand for energy across the globe, significant rise in population, and infrastructure development are the key factors driving the market outlook over the forecast period.
MARKET SCOPE
The "Global Diesel Generator Market Analysis to 2031" is a specialized and in-depth study of the power generation with a special focus on the global market trend analysis. The report aims to provide an overview of the diesel generator market with detailed market segmentation by power rating, mobility, application, end user and geography. The report provides key statistics on the market status of the leading diesel generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of power rating the market is segmented into below 100 kVA, 100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 kVA
- On the basis mobility, the market is segmented as stationary and portable
- On the basis application, the market is segmented as standby backup power and pick shaving
- On the basis end user, the market is segmented as residential, commercial, and industrial
Drivers
- Growing Demand for Uninterrupted & Reliable Power Supply
- Increasing Number of Power Outages
- Rapidly Growing Renewable Energy Technologies
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 the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The diesel generator 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 trend and opportunities prevailing in the region.
The report analyzes factors affecting the 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 trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the diesel generator market in these regions.
IMPACT OF COVID-19 ON DIESEL GENERATOR MARKET
The emergence of the COVID-19 has severely impacted the energy sector industries, which resulted decline in the diesel generator market in the year 2021. The pandemic severely impacted the power demand in countries such as China, India, and Japan. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted the sales of diesel generator in the short term. The unavailability of raw material and distruption of supply chain due to the pandemic has affects the market prospects. Furthermore, project delays and and cancellation of orders has affected the key market. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The growing urbanization and rise in industrial activities are fueling the adoption of diesel generator which is aiding the market growth. There is energy rebound in energy investments in 2021, which is creates promising growth opportunities during the pandemic recovery period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The diesel generator 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 trend and opportunities prevailing in the region.
The report analyzes factors affecting the 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 trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the diesel generator market in these regions.
IMPACT OF COVID-19 ON DIESEL GENERATOR MARKET
The emergence of the COVID-19 has severely impacted the energy sector industries, which resulted decline in the diesel generator market in the year 2021. The pandemic severely impacted the power demand in countries such as China, India, and Japan. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted the sales of diesel generator in the short term. The unavailability of raw material and distruption of supply chain due to the pandemic has affects the market prospects. Furthermore, project delays and and cancellation of orders has affected the key market. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The growing urbanization and rise in industrial activities are fueling the adoption of diesel generator which is aiding the market growth. There is energy rebound in energy investments in 2021, which is creates promising growth opportunities during the pandemic recovery period.
MARKET PLAYERS
The report covers key developments in the diesel generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the diesel generator market are anticipated to provide lucrative growth opportunities in the future owing to increase in urbanization & industrialization.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the diesel generator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Kohler Co.
- MTU Onsite Energy
- Mitsubishi Heavy Industries Ltd.
- Wuxi Kipor Power
- Yanmar Co. Ltd.
- Wartsila Corporation
- Kirloskar Electric Company Limited
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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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