Energy Storage as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Energy storage as a service is a facility to avail an energy storage system by entering into a service agreement, without buying the system. Energy storage systems deliver a wide range of services to generate revenue; create savings; and improve electricity resiliency. The operation of an energy storage as a service system is a unique mixture of an advanced battery storage system, an energy management system, and a service contract, which can provide value to a business by providing reliable power more economically.
MARKET DYNAMICS
Rising attention toward and considerable investments in renewable power energy generation is driving the growth of the energy storage as a service market. However, the fault in energy storage equipment may restrain the growth of the energy storage as a service market. Furthermore, the major economies across the world are greatly focusing on developing power generation by using renewable energy sources so as to reduce their dependency on the conventional power generation through fossil fuels is anticipated to create a market opportunity for the energy storage as a service market during the forecast period.
MARKET SCOPE
The "Global Energy Storage as a Service Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The energy storage as a service market report aims to provide an overview of the energy storage as a service market with detailed market segmentation by services, application, and geography. The global energy storage as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy storage as a service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global energy storage as a service market is segmented on the basis of services and application. Based on services, the energy storage as a service market is segmented into: bulk energy services, ancillary services, transmission infrastructure services, distribution infrastructure services, customer energy management services, and others. On the basis of application, the energy storage as a service market is segmented into: industrial, commercial, and residential.
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 energy storage as a service 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), Middle East and Africa (MEA) and South & Central America. The energy storage as a service market by each region is later sub-segmented by respective countries and segments. The energy storage as a service market 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 energy storage as a service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the energy storage as a service market in these regions.
IMPACT OF COVID-19 ON ENERGY STORAGE AS A SERVICE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on energy storage as a service market. The government of several countries decided to impose a lockdown for restricting the flow of COVID-19. The lockdown hindered the operations of various industries, including manufacturing and construction. The majority of the manufacturing plants were either temporarily shut down or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the global manufacturers. The outbreak has severely affected the production and revenue generation with the lower number of manufacturing staff. Thus, the factors mentioned above have had a negative impact on the growth of the energy storage as a service market globally.
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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 energy storage as a service 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), Middle East and Africa (MEA) and South & Central America. The energy storage as a service market by each region is later sub-segmented by respective countries and segments. The energy storage as a service market 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 energy storage as a service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the energy storage as a service market in these regions.
IMPACT OF COVID-19 ON ENERGY STORAGE AS A SERVICE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on energy storage as a service market. The government of several countries decided to impose a lockdown for restricting the flow of COVID-19. The lockdown hindered the operations of various industries, including manufacturing and construction. The majority of the manufacturing plants were either temporarily shut down or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the global manufacturers. The outbreak has severely affected the production and revenue generation with the lower number of manufacturing staff. Thus, the factors mentioned above have had a negative impact on the growth of the energy storage as a service market globally.
MARKET PLAYERS
The reports cover key developments in the energy storage as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from energy storage as a service market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the energy storage as a service market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the energy storage as a service 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.
- Customized Energy Solutions Ltd.
- ENGIE North America
- Honeywell International Inc.
- Hydrostor Inc.
- NRStor Inc.
- Spirit Energy Limited
- Siemens AG
- Suntuity
- Veolia Environnement S. A.
- YSG Solar
- 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.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Energy Storage As A Service Market - By Services
1. 3. 2 Energy Storage As A Service Market - By Application
1. 3. 3 Energy Storage As A Service Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY STORAGE AS A SERVICE 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. ENERGY STORAGE AS A SERVICE 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. ENERGY STORAGE AS A SERVICE MARKET - GLOBAL MARKET ANALYSIS
6. 1. ENERGY STORAGE AS A SERVICE - GLOBAL MARKET OVERVIEW
6. 2. ENERGY STORAGE AS A SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. ENERGY STORAGE AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
7. 1. OVERVIEW
7. 2. SERVICES MARKET FORECASTS AND ANALYSIS
7. 3. BULK ENERGY SERVICES
7. 3. 1. Overview
7. 3. 2. Bulk Energy Services Market Forecast and Analysis
7. 4. ANCILLARY SERVICES
7. 4. 1. Overview
7. 4. 2. Ancillary Services Market Forecast and Analysis
7. 5. TRANSMISSION INFRASTRUCTURE SERVICES
7. 5. 1. Overview
7. 5. 2. Transmission Infrastructure Services Market Forecast and Analysis
7. 6. DISTRIBUTION INFRASTRUCTURE SERVICES
7. 6. 1. Overview
7. 6. 2. Distribution Infrastructure Services Market Forecast and Analysis
7. 7. CUSTOMER ENERGY MANAGEMENT SERVICES
7. 7. 1. Overview
7. 7. 2. Customer Energy Management Services Market Forecast and Analysis
7. 8. OTHERS
7. 8. 1. Overview
7. 8. 2. Others Market Forecast and Analysis
8. ENERGY STORAGE AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. INDUSTRIAL
8. 3. 1. Overview
8. 3. 2. Industrial Market Forecast and Analysis
8. 4. COMMERCIAL
8. 4. 1. Overview
8. 4. 2. Commercial Market Forecast and Analysis
8. 5. RESIDENTIAL
8. 5. 1. Overview
8. 5. 2. Residential Market Forecast and Analysis
9. ENERGY STORAGE AS A SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Energy Storage As A Service Market Overview
9. 1. 2 North America Energy Storage As A Service Market Forecasts and Analysis
9. 1. 3 North America Energy Storage As A Service Market Forecasts and Analysis - By Services
9. 1. 4 North America Energy Storage As A Service Market Forecasts and Analysis - By Application
9. 1. 5 North America Energy Storage As A Service Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Energy Storage As A Service Market
9. 1. 5. 1. 1 United States Energy Storage As A Service Market by Services
9. 1. 5. 1. 2 United States Energy Storage As A Service Market by Application
9. 1. 5. 2 Canada Energy Storage As A Service Market
9. 1. 5. 2. 1 Canada Energy Storage As A Service Market by Services
9. 1. 5. 2. 2 Canada Energy Storage As A Service Market by Application
9. 1. 5. 3 Mexico Energy Storage As A Service Market
9. 1. 5. 3. 1 Mexico Energy Storage As A Service Market by Services
9. 1. 5. 3. 2 Mexico Energy Storage As A Service Market by Application
9. 2. EUROPE
9. 2. 1 Europe Energy Storage As A Service Market Overview
9. 2. 2 Europe Energy Storage As A Service Market Forecasts and Analysis
9. 2. 3 Europe Energy Storage As A Service Market Forecasts and Analysis - By Services
9. 2. 4 Europe Energy Storage As A Service Market Forecasts and Analysis - By Application
9. 2. 5 Europe Energy Storage As A Service Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Energy Storage As A Service Market
9. 2. 5. 1. 1 Germany Energy Storage As A Service Market by Services
9. 2. 5. 1. 2 Germany Energy Storage As A Service Market by Application
9. 2. 5. 2 France Energy Storage As A Service Market
9. 2. 5. 2. 1 France Energy Storage As A Service Market by Services
9. 2. 5. 2. 2 France Energy Storage As A Service Market by Application
9. 2. 5. 3 Italy Energy Storage As A Service Market
9. 2. 5. 3. 1 Italy Energy Storage As A Service Market by Services
9. 2. 5. 3. 2 Italy Energy Storage As A Service Market by Application
9. 2. 5. 4 United Kingdom Energy Storage As A Service Market
9. 2. 5. 4. 1 United Kingdom Energy Storage As A Service Market by Services
9. 2. 5. 4. 2 United Kingdom Energy Storage As A Service Market by Application
9. 2. 5. 5 Russia Energy Storage As A Service Market
9. 2. 5. 5. 1 Russia Energy Storage As A Service Market by Services
9. 2. 5. 5. 2 Russia Energy Storage As A Service Market by Application
9. 2. 5. 6 Rest of Europe Energy Storage As A Service Market
9. 2. 5. 6. 1 Rest of Europe Energy Storage As A Service Market by Services
9. 2. 5. 6. 2 Rest of Europe Energy Storage As A Service Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Energy Storage As A Service Market Overview
9. 3. 2 Asia-Pacific Energy Storage As A Service Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Energy Storage As A Service Market Forecasts and Analysis - By Services
9. 3. 4 Asia-Pacific Energy Storage As A Service Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific Energy Storage As A Service Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Energy Storage As A Service Market
9. 3. 5. 1. 1 Australia Energy Storage As A Service Market by Services
9. 3. 5. 1. 2 Australia Energy Storage As A Service Market by Application
9. 3. 5. 2 China Energy Storage As A Service Market
9. 3. 5. 2. 1 China Energy Storage As A Service Market by Services
9. 3. 5. 2. 2 China Energy Storage As A Service Market by Application
9. 3. 5. 3 India Energy Storage As A Service Market
9. 3. 5. 3. 1 India Energy Storage As A Service Market by Services
9. 3. 5. 3. 2 India Energy Storage As A Service Market by Application
9. 3. 5. 4 Japan Energy Storage As A Service Market
9. 3. 5. 4. 1 Japan Energy Storage As A Service Market by Services
9. 3. 5. 4. 2 Japan Energy Storage As A Service Market by Application
9. 3. 5. 5 South Korea Energy Storage As A Service Market
9. 3. 5. 5. 1 South Korea Energy Storage As A Service Market by Services
9. 3. 5. 5. 2 South Korea Energy Storage As A Service Market by Application
9. 3. 5. 6 Rest of Asia-Pacific Energy Storage As A Service Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Energy Storage As A Service Market by Services
9. 3. 5. 6. 2 Rest of Asia-Pacific Energy Storage As A Service Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Energy Storage As A Service Market Overview
9. 4. 2 Middle East and Africa Energy Storage As A Service Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Energy Storage As A Service Market Forecasts and Analysis - By Services
9. 4. 4 Middle East and Africa Energy Storage As A Service Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa Energy Storage As A Service Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Energy Storage As A Service Market
9. 4. 5. 1. 1 South Africa Energy Storage As A Service Market by Services
9. 4. 5. 1. 2 South Africa Energy Storage As A Service Market by Application
9. 4. 5. 2 Saudi Arabia Energy Storage As A Service Market
9. 4. 5. 2. 1 Saudi Arabia Energy Storage As A Service Market by Services
9. 4. 5. 2. 2 Saudi Arabia Energy Storage As A Service Market by Application
9. 4. 5. 3 U. A. E Energy Storage As A Service Market
9. 4. 5. 3. 1 U. A. E Energy Storage As A Service Market by Services
9. 4. 5. 3. 2 U. A. E Energy Storage As A Service Market by Application
9. 4. 5. 4 Rest of Middle East and Africa Energy Storage As A Service Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Energy Storage As A Service Market by Services
9. 4. 5. 4. 2 Rest of Middle East and Africa Energy Storage As A Service Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Energy Storage As A Service Market Overview
9. 5. 2 South and Central America Energy Storage As A Service Market Forecasts and Analysis
9. 5. 3 South and Central America Energy Storage As A Service Market Forecasts and Analysis - By Services
9. 5. 4 South and Central America Energy Storage As A Service Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America Energy Storage As A Service Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Energy Storage As A Service Market
9. 5. 5. 1. 1 Brazil Energy Storage As A Service Market by Services
9. 5. 5. 1. 2 Brazil Energy Storage As A Service Market by Application
9. 5. 5. 2 Argentina Energy Storage As A Service Market
9. 5. 5. 2. 1 Argentina Energy Storage As A Service Market by Services
9. 5. 5. 2. 2 Argentina Energy Storage As A Service Market by Application
9. 5. 5. 3 Rest of South and Central America Energy Storage As A Service Market
9. 5. 5. 3. 1 Rest of South and Central America Energy Storage As A Service Market by Services
9. 5. 5. 3. 2 Rest of South and Central America Energy Storage As A Service 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. ENERGY STORAGE AS A SERVICE MARKET, KEY COMPANY PROFILES
11. 1. CUSTOMIZED ENERGY SOLUTIONS LTD.
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. ENGIE NORTH AMERICA
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. HONEYWELL INTERNATIONAL INC.
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. HYDROSTOR INC.
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. NRSTOR INC.
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. SPIRIT ENERGY LIMITED
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. SIEMENS AG
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. SUNTUITY
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. VEOLIA ENVIRONNEMENT S. A.
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. YSG SOLAR
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
- Customized Energy Solutions Ltd.
- ENGIE North America
- Honeywell International Inc.
- Hydrostor Inc.
- NRStor Inc.
- Spirit Energy Limited
- Siemens AG
- Suntuity
- Veolia Environnement S. A.
- YSG Solar
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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