Energy Storage for Renewables Integration Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Energy Storage for Renewables Integration Market covers analysis By Type (Li-ion Battery, Lead Acid Battery, Others); Application (Multiple, Single) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029498
  • Category : Energy and Power
  • No. of Pages : 150
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Energy Storage for Renewables Integration Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
Renewable Energy Integration focuses on incorporating renewable energy, distributed generation, energy storage, thermally activated technologies, and demand response into the electric distribution and transmission system. A systems approach is being used to conduct integration development and demonstrations to address technical, economic, regulatory, and institutional barriers for using renewable and distributed systems. In addition to fully addressing operational issues, the integration also establishes viable business models for incorporating these technologies into capacity planning, grid operations, and demand-side management.

MARKET SCOPE
The "Global Energy storage for renewables integration Market Analysis to 2028" is a specialized and in-depth study of the energy storage for renewables integration market with a special focus on the global market trend analysis. The report aims to provide an overview of energy storage for renewables integration market with detailed market segmentation by type, application, and geography. The global energy storage for renewables integration 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 for renewables integration market players and offers key trends and opportunities in the energy storage for renewables integration market.

MARKET SEGMENTATION

  •  The global energy storage for renewables integration market is segmented on the basis of type, application.li-ion battery, lead acid battery, others.
  •  On the basis of application, it is fragmented into multiple, and singleh.

MARKET DYNAMICS

Drivers:

  •   The costs to develop new renewable energy projects continue to drop around the globe while policy incentives, target capacity mandates, and resilience demand for behind-the-meter (BTM) customers continue to increase.
  •   As a result, capacity for wind and solar PV continue to rise in all regions and market segments-from small residential systems to utility-scale systems..

Restraints:

  •   Lack of awareness related to environmental initiatives.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The energy storage for renewables integration 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the energy storage for renewables integration market in these regions.

IMPACT OF COVID-19 ON ENERGY STORAGE FOR RENEWABLES INTEGRATION MARKET
The energy storage for renewables integration market size has grown significantly in recent years. However, due to the outbreak of the COVID-19 pandemic, the market experienced a sharp decline in 2020. This is due to the diminished energy usage in heavy industries such as petroleum, coal, and natural gas. This has led to deflated energy demand across the key economics including U.S., Italy, Germany, UK, and others. However, the market has survived owing to surge in demand from the household energy consumption. The imposition of lockdown has increased home activities such as online shopping, remote work, powering home appliances, cooling or heating home, and streaming entertainment services. Therefore, the application of energy management systems in household energy consumption has increased the demand in the market during the COVID-19 pandemic, having a positive impact on the market.

World Geography

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MARKET PLAYERS

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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The energy storage for renewables integration 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the energy storage for renewables integration market in these regions.

IMPACT OF COVID-19 ON ENERGY STORAGE FOR RENEWABLES INTEGRATION MARKET
The energy storage for renewables integration market size has grown significantly in recent years. However, due to the outbreak of the COVID-19 pandemic, the market experienced a sharp decline in 2020. This is due to the diminished energy usage in heavy industries such as petroleum, coal, and natural gas. This has led to deflated energy demand across the key economics including U.S., Italy, Germany, UK, and others. However, the market has survived owing to surge in demand from the household energy consumption. The imposition of lockdown has increased home activities such as online shopping, remote work, powering home appliances, cooling or heating home, and streaming entertainment services. Therefore, the application of energy management systems in household energy consumption has increased the demand in the market during the COVID-19 pandemic, having a positive impact on the market.

MARKET PLAYERS
The report covers key developments in the energy storage for renewables integration market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from energy storage for renewables integrationmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for energy storage for renewables integration market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Energy storage for renewables integration 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.

  •  ABB
  •  East Penn Manufacturing
  •  LG Chem
  •  Robert Bosch
  •  Beacon Power
  •  BYD
  •  Exide Technologies
  •  General Electric
  •  Samsung SDI
  •  Kokam.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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 Energy Storage For Renewables Integration Market - By Type
1.3.2 Energy Storage For Renewables Integration Market - By Application
1.3.3 Energy Storage For Renewables Integration Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ENERGY STORAGE FOR RENEWABLES INTEGRATION 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 FOR RENEWABLES INTEGRATION 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 FOR RENEWABLES INTEGRATION MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY STORAGE FOR RENEWABLES INTEGRATION - GLOBAL MARKET OVERVIEW
6.2. ENERGY STORAGE FOR RENEWABLES INTEGRATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ENERGY STORAGE FOR RENEWABLES INTEGRATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LI-ION BATTERY
7.3.1. Overview
7.3.2. Li-ion Battery Market Forecast and Analysis
7.4. LEAD ACID BATTERY
7.4.1. Overview
7.4.2. Lead Acid Battery Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ENERGY STORAGE FOR RENEWABLES INTEGRATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MULTIPLE
8.3.1. Overview
8.3.2. Multiple Market Forecast and Analysis
8.4. SINGLE
8.4.1. Overview
8.4.2. Single Market Forecast and Analysis

9. ENERGY STORAGE FOR RENEWABLES INTEGRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Energy Storage For Renewables Integration Market Overview
9.1.2 North America Energy Storage For Renewables Integration Market Forecasts and Analysis
9.1.3 North America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Type
9.1.4 North America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Application
9.1.5 North America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Countries
9.1.5.1 United States Energy Storage For Renewables Integration Market
9.1.5.1.1 United States Energy Storage For Renewables Integration Market by Type
9.1.5.1.2 United States Energy Storage For Renewables Integration Market by Application
9.1.5.2 Canada Energy Storage For Renewables Integration Market
9.1.5.2.1 Canada Energy Storage For Renewables Integration Market by Type
9.1.5.2.2 Canada Energy Storage For Renewables Integration Market by Application
9.1.5.3 Mexico Energy Storage For Renewables Integration Market
9.1.5.3.1 Mexico Energy Storage For Renewables Integration Market by Type
9.1.5.3.2 Mexico Energy Storage For Renewables Integration Market by Application
9.2. EUROPE
9.2.1 Europe Energy Storage For Renewables Integration Market Overview
9.2.2 Europe Energy Storage For Renewables Integration Market Forecasts and Analysis
9.2.3 Europe Energy Storage For Renewables Integration Market Forecasts and Analysis - By Type
9.2.4 Europe Energy Storage For Renewables Integration Market Forecasts and Analysis - By Application
9.2.5 Europe Energy Storage For Renewables Integration Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Energy Storage For Renewables Integration Market
9.2.5.1.1 Germany Energy Storage For Renewables Integration Market by Type
9.2.5.1.2 Germany Energy Storage For Renewables Integration Market by Application
9.2.5.2 France Energy Storage For Renewables Integration Market
9.2.5.2.1 France Energy Storage For Renewables Integration Market by Type
9.2.5.2.2 France Energy Storage For Renewables Integration Market by Application
9.2.5.3 Italy Energy Storage For Renewables Integration Market
9.2.5.3.1 Italy Energy Storage For Renewables Integration Market by Type
9.2.5.3.2 Italy Energy Storage For Renewables Integration Market by Application
9.2.5.4 United Kingdom Energy Storage For Renewables Integration Market
9.2.5.4.1 United Kingdom Energy Storage For Renewables Integration Market by Type
9.2.5.4.2 United Kingdom Energy Storage For Renewables Integration Market by Application
9.2.5.5 Russia Energy Storage For Renewables Integration Market
9.2.5.5.1 Russia Energy Storage For Renewables Integration Market by Type
9.2.5.5.2 Russia Energy Storage For Renewables Integration Market by Application
9.2.5.6 Rest of Europe Energy Storage For Renewables Integration Market
9.2.5.6.1 Rest of Europe Energy Storage For Renewables Integration Market by Type
9.2.5.6.2 Rest of Europe Energy Storage For Renewables Integration Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Energy Storage For Renewables Integration Market Overview
9.3.2 Asia-Pacific Energy Storage For Renewables Integration Market Forecasts and Analysis
9.3.3 Asia-Pacific Energy Storage For Renewables Integration Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Energy Storage For Renewables Integration Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Energy Storage For Renewables Integration Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Energy Storage For Renewables Integration Market
9.3.5.1.1 Australia Energy Storage For Renewables Integration Market by Type
9.3.5.1.2 Australia Energy Storage For Renewables Integration Market by Application
9.3.5.2 China Energy Storage For Renewables Integration Market
9.3.5.2.1 China Energy Storage For Renewables Integration Market by Type
9.3.5.2.2 China Energy Storage For Renewables Integration Market by Application
9.3.5.3 India Energy Storage For Renewables Integration Market
9.3.5.3.1 India Energy Storage For Renewables Integration Market by Type
9.3.5.3.2 India Energy Storage For Renewables Integration Market by Application
9.3.5.4 Japan Energy Storage For Renewables Integration Market
9.3.5.4.1 Japan Energy Storage For Renewables Integration Market by Type
9.3.5.4.2 Japan Energy Storage For Renewables Integration Market by Application
9.3.5.5 South Korea Energy Storage For Renewables Integration Market
9.3.5.5.1 South Korea Energy Storage For Renewables Integration Market by Type
9.3.5.5.2 South Korea Energy Storage For Renewables Integration Market by Application
9.3.5.6 Rest of Asia-Pacific Energy Storage For Renewables Integration Market
9.3.5.6.1 Rest of Asia-Pacific Energy Storage For Renewables Integration Market by Type
9.3.5.6.2 Rest of Asia-Pacific Energy Storage For Renewables Integration Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Energy Storage For Renewables Integration Market Overview
9.4.2 Middle East and Africa Energy Storage For Renewables Integration Market Forecasts and Analysis
9.4.3 Middle East and Africa Energy Storage For Renewables Integration Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Energy Storage For Renewables Integration Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Energy Storage For Renewables Integration Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Energy Storage For Renewables Integration Market
9.4.5.1.1 South Africa Energy Storage For Renewables Integration Market by Type
9.4.5.1.2 South Africa Energy Storage For Renewables Integration Market by Application
9.4.5.2 Saudi Arabia Energy Storage For Renewables Integration Market
9.4.5.2.1 Saudi Arabia Energy Storage For Renewables Integration Market by Type
9.4.5.2.2 Saudi Arabia Energy Storage For Renewables Integration Market by Application
9.4.5.3 U.A.E Energy Storage For Renewables Integration Market
9.4.5.3.1 U.A.E Energy Storage For Renewables Integration Market by Type
9.4.5.3.2 U.A.E Energy Storage For Renewables Integration Market by Application
9.4.5.4 Rest of Middle East and Africa Energy Storage For Renewables Integration Market
9.4.5.4.1 Rest of Middle East and Africa Energy Storage For Renewables Integration Market by Type
9.4.5.4.2 Rest of Middle East and Africa Energy Storage For Renewables Integration Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Energy Storage For Renewables Integration Market Overview
9.5.2 South and Central America Energy Storage For Renewables Integration Market Forecasts and Analysis
9.5.3 South and Central America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Type
9.5.4 South and Central America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Application
9.5.5 South and Central America Energy Storage For Renewables Integration Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Energy Storage For Renewables Integration Market
9.5.5.1.1 Brazil Energy Storage For Renewables Integration Market by Type
9.5.5.1.2 Brazil Energy Storage For Renewables Integration Market by Application
9.5.5.2 Argentina Energy Storage For Renewables Integration Market
9.5.5.2.1 Argentina Energy Storage For Renewables Integration Market by Type
9.5.5.2.2 Argentina Energy Storage For Renewables Integration Market by Application
9.5.5.3 Rest of South and Central America Energy Storage For Renewables Integration Market
9.5.5.3.1 Rest of South and Central America Energy Storage For Renewables Integration Market by Type
9.5.5.3.2 Rest of South and Central America Energy Storage For Renewables Integration 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 FOR RENEWABLES INTEGRATION MARKET, KEY COMPANY PROFILES
11.1. ABB
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. EAST PENN MANUFACTURING
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. LG CHEM
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. ROBERT BOSCH
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. BEACON POWER
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. BYD
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. EXIDE TECHNOLOGIES
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. GENERAL ELECTRIC
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. SAMSUNG SDI
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. KOKAM
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.ABB
2.East Penn Manufacturing
3.LG Chem
4.Robert Bosch
5.Beacon Power
6.BYD
7.Exide Technologies
8.General Electric
9.Samsung SDI
10.Kokam

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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