Flexible PV Cell Market Updates by 2031
A flexible PV cell, also known as a fragile film sun orientated cell, is manufactured by storing ultra-thin layers of photovoltaic material on a substrate like as paper, tissue, plastic, glass, or metal. In the solar energy business, it is one of the most groundbreaking and game-changing innovations. The term flexible refers to the fact that these solar cells are not like the usual large, bulky solar panels but are very thin, lightweight, and can be mounted almost anyplace.
MARKET DYNAMICS
Nations all over the world are developing new technologies to mitigate environmental change considering plans to reduce nursery emissions in the next few years. The United States must increase its solar-based energy percentage of total power generation from 2% in 2021 to 20% by 2031. Polymer solar cells may eventually supersede existing silicon PV technology due to their faster turn-around time and mechanical advantages over silicon PV, particularly in developed countries where new technology adoption is faster than in agricultural countries. These factors are contributing to the growth of the market.
MARKET SCOPE
The "Global Flexible PV Cell Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The flexible PV cell market report aims to provide an overview of the flexible PV cell market with detailed market segmentation by type, material, application, and geography. The global flexible PV cell market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flexible PV cell market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flexible PV cell market is segmented based on type, material, application. Based on the type, the flexible PV cell market is segmented into CIGS, a-Si, OPV. Based on the material, the flexible PV cell market is segmented into copper indium, gallium selenide, and crystalline silicon. Based on application, the flexible PV cell market is segmented into automotive and transportation, aerospace and defense, others.
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 flexible PV cell 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 flexible PV cell market by each region is later sub-segmented by respective countries and segments. The flexible PV cell 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 flexible PV cell 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 flexible PV cell market in these regions.
IMPACT OF COVID-19 ON FLEXIBLE PV CELL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a negative impact on the flexible PV cell market. The sudden on-set of the pandemic let to several temporary shutdowns of end-use industries across the globe leading to an adverse impact on the demand for flexible PV cell. Similarly, the supply side of the market was also impacted owing to low labor availability and supply chain disruptions, thereby negatively impacting the market growth in 2021.
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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 flexible PV cell 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 flexible PV cell market by each region is later sub-segmented by respective countries and segments. The flexible PV cell 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 flexible PV cell 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 flexible PV cell market in these regions.
IMPACT OF COVID-19 ON FLEXIBLE PV CELL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a negative impact on the flexible PV cell market. The sudden on-set of the pandemic let to several temporary shutdowns of end-use industries across the globe leading to an adverse impact on the demand for flexible PV cell. Similarly, the supply side of the market was also impacted owing to low labor availability and supply chain disruptions, thereby negatively impacting the market growth in 2021.
MARKET PLAYERS
The reports cover key developments in the flexible PV cell 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 flexible PV cell 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 flexible PV cell market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flexible PV cell 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.
- PowerFilm Inc.
- Panasonic Corporation
- infinityPV
- FLISOM
- SunHarmonics
- F-WAVE Company Limited
- Heliatek GmbH
- HyET Group
- Ascent Solar Technologies, Inc.
- SOLBIAN.
- 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 Flexible PV Cell Market - By Type
1.3.2 Flexible PV Cell Market - By Material
1.3.3 Flexible PV Cell Market - By Application
1.3.4 Flexible PV Cell Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLEXIBLE PV CELL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. FLEXIBLE PV CELL 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. FLEXIBLE PV CELL MARKET - GLOBAL MARKET ANALYSIS
6.1. FLEXIBLE PV CELL - GLOBAL MARKET OVERVIEW
6.2. FLEXIBLE PV CELL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLEXIBLE PV CELL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CIGS
7.3.1. Overview
7.3.2. CIGS Market Forecast and Analysis
7.4. A-SI
7.4.1. Overview
7.4.2. a-Si Market Forecast and Analysis
7.5. OPV
7.5.1. Overview
7.5.2. OPV Market Forecast and Analysis
8. FLEXIBLE PV CELL MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. COPPER INDIUM
8.3.1. Overview
8.3.2. Copper Indium Market Forecast and Analysis
8.4. GALLIUM SELENIDE
8.4.1. Overview
8.4.2. Gallium Selenide Market Forecast and Analysis
8.5. AND CRYSTALLINE SILICON
8.5.1. Overview
8.5.2. and Crystalline Silicon Market Forecast and Analysis
9. FLEXIBLE PV CELL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE AND TRANSPORTATION
9.3.1. Overview
9.3.2. Automotive and Transportation Market Forecast and Analysis
9.4. AEROSPACE AND DEFENSE
9.4.1. Overview
9.4.2. Aerospace and Defense Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. FLEXIBLE PV CELL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Flexible PV Cell Market Overview
10.1.2 North America Flexible PV Cell Market Forecasts and Analysis
10.1.3 North America Flexible PV Cell Market Forecasts and Analysis - By Type
10.1.4 North America Flexible PV Cell Market Forecasts and Analysis - By Material
10.1.5 North America Flexible PV Cell Market Forecasts and Analysis - By Application
10.1.6 North America Flexible PV Cell Market Forecasts and Analysis - By Countries
10.1.6.1 United States Flexible PV Cell Market
10.1.6.1.1 United States Flexible PV Cell Market by Type
10.1.6.1.2 United States Flexible PV Cell Market by Material
10.1.6.1.3 United States Flexible PV Cell Market by Application
10.1.6.2 Canada Flexible PV Cell Market
10.1.6.2.1 Canada Flexible PV Cell Market by Type
10.1.6.2.2 Canada Flexible PV Cell Market by Material
10.1.6.2.3 Canada Flexible PV Cell Market by Application
10.1.6.3 Mexico Flexible PV Cell Market
10.1.6.3.1 Mexico Flexible PV Cell Market by Type
10.1.6.3.2 Mexico Flexible PV Cell Market by Material
10.1.6.3.3 Mexico Flexible PV Cell Market by Application
10.2. EUROPE
10.2.1 Europe Flexible PV Cell Market Overview
10.2.2 Europe Flexible PV Cell Market Forecasts and Analysis
10.2.3 Europe Flexible PV Cell Market Forecasts and Analysis - By Type
10.2.4 Europe Flexible PV Cell Market Forecasts and Analysis - By Material
10.2.5 Europe Flexible PV Cell Market Forecasts and Analysis - By Application
10.2.6 Europe Flexible PV Cell Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Flexible PV Cell Market
10.2.6.1.1 Germany Flexible PV Cell Market by Type
10.2.6.1.2 Germany Flexible PV Cell Market by Material
10.2.6.1.3 Germany Flexible PV Cell Market by Application
10.2.6.2 France Flexible PV Cell Market
10.2.6.2.1 France Flexible PV Cell Market by Type
10.2.6.2.2 France Flexible PV Cell Market by Material
10.2.6.2.3 France Flexible PV Cell Market by Application
10.2.6.3 Italy Flexible PV Cell Market
10.2.6.3.1 Italy Flexible PV Cell Market by Type
10.2.6.3.2 Italy Flexible PV Cell Market by Material
10.2.6.3.3 Italy Flexible PV Cell Market by Application
10.2.6.4 United Kingdom Flexible PV Cell Market
10.2.6.4.1 United Kingdom Flexible PV Cell Market by Type
10.2.6.4.2 United Kingdom Flexible PV Cell Market by Material
10.2.6.4.3 United Kingdom Flexible PV Cell Market by Application
10.2.6.5 Russia Flexible PV Cell Market
10.2.6.5.1 Russia Flexible PV Cell Market by Type
10.2.6.5.2 Russia Flexible PV Cell Market by Material
10.2.6.5.3 Russia Flexible PV Cell Market by Application
10.2.6.6 Rest of Europe Flexible PV Cell Market
10.2.6.6.1 Rest of Europe Flexible PV Cell Market by Type
10.2.6.6.2 Rest of Europe Flexible PV Cell Market by Material
10.2.6.6.3 Rest of Europe Flexible PV Cell Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Flexible PV Cell Market Overview
10.3.2 Asia-Pacific Flexible PV Cell Market Forecasts and Analysis
10.3.3 Asia-Pacific Flexible PV Cell Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Flexible PV Cell Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Flexible PV Cell Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Flexible PV Cell Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Flexible PV Cell Market
10.3.6.1.1 Australia Flexible PV Cell Market by Type
10.3.6.1.2 Australia Flexible PV Cell Market by Material
10.3.6.1.3 Australia Flexible PV Cell Market by Application
10.3.6.2 China Flexible PV Cell Market
10.3.6.2.1 China Flexible PV Cell Market by Type
10.3.6.2.2 China Flexible PV Cell Market by Material
10.3.6.2.3 China Flexible PV Cell Market by Application
10.3.6.3 India Flexible PV Cell Market
10.3.6.3.1 India Flexible PV Cell Market by Type
10.3.6.3.2 India Flexible PV Cell Market by Material
10.3.6.3.3 India Flexible PV Cell Market by Application
10.3.6.4 Japan Flexible PV Cell Market
10.3.6.4.1 Japan Flexible PV Cell Market by Type
10.3.6.4.2 Japan Flexible PV Cell Market by Material
10.3.6.4.3 Japan Flexible PV Cell Market by Application
10.3.6.5 South Korea Flexible PV Cell Market
10.3.6.5.1 South Korea Flexible PV Cell Market by Type
10.3.6.5.2 South Korea Flexible PV Cell Market by Material
10.3.6.5.3 South Korea Flexible PV Cell Market by Application
10.3.6.6 Rest of Asia-Pacific Flexible PV Cell Market
10.3.6.6.1 Rest of Asia-Pacific Flexible PV Cell Market by Type
10.3.6.6.2 Rest of Asia-Pacific Flexible PV Cell Market by Material
10.3.6.6.3 Rest of Asia-Pacific Flexible PV Cell Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Flexible PV Cell Market Overview
10.4.2 Middle East and Africa Flexible PV Cell Market Forecasts and Analysis
10.4.3 Middle East and Africa Flexible PV Cell Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Flexible PV Cell Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Flexible PV Cell Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Flexible PV Cell Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Flexible PV Cell Market
10.4.6.1.1 South Africa Flexible PV Cell Market by Type
10.4.6.1.2 South Africa Flexible PV Cell Market by Material
10.4.6.1.3 South Africa Flexible PV Cell Market by Application
10.4.6.2 Saudi Arabia Flexible PV Cell Market
10.4.6.2.1 Saudi Arabia Flexible PV Cell Market by Type
10.4.6.2.2 Saudi Arabia Flexible PV Cell Market by Material
10.4.6.2.3 Saudi Arabia Flexible PV Cell Market by Application
10.4.6.3 U.A.E Flexible PV Cell Market
10.4.6.3.1 U.A.E Flexible PV Cell Market by Type
10.4.6.3.2 U.A.E Flexible PV Cell Market by Material
10.4.6.3.3 U.A.E Flexible PV Cell Market by Application
10.4.6.4 Rest of Middle East and Africa Flexible PV Cell Market
10.4.6.4.1 Rest of Middle East and Africa Flexible PV Cell Market by Type
10.4.6.4.2 Rest of Middle East and Africa Flexible PV Cell Market by Material
10.4.6.4.3 Rest of Middle East and Africa Flexible PV Cell Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Flexible PV Cell Market Overview
10.5.2 South and Central America Flexible PV Cell Market Forecasts and Analysis
10.5.3 South and Central America Flexible PV Cell Market Forecasts and Analysis - By Type
10.5.4 South and Central America Flexible PV Cell Market Forecasts and Analysis - By Material
10.5.5 South and Central America Flexible PV Cell Market Forecasts and Analysis - By Application
10.5.6 South and Central America Flexible PV Cell Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Flexible PV Cell Market
10.5.6.1.1 Brazil Flexible PV Cell Market by Type
10.5.6.1.2 Brazil Flexible PV Cell Market by Material
10.5.6.1.3 Brazil Flexible PV Cell Market by Application
10.5.6.2 Argentina Flexible PV Cell Market
10.5.6.2.1 Argentina Flexible PV Cell Market by Type
10.5.6.2.2 Argentina Flexible PV Cell Market by Material
10.5.6.2.3 Argentina Flexible PV Cell Market by Application
10.5.6.3 Rest of South and Central America Flexible PV Cell Market
10.5.6.3.1 Rest of South and Central America Flexible PV Cell Market by Type
10.5.6.3.2 Rest of South and Central America Flexible PV Cell Market by Material
10.5.6.3.3 Rest of South and Central America Flexible PV Cell Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. FLEXIBLE PV CELL MARKET, KEY COMPANY PROFILES
12.1. POWERFILM INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. PANASONIC CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INFINITYPV
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. FLISOM
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SUNHARMONICS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. F-WAVE COMPANY LIMITED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HELIATEK GMBH
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. HYET GROUP
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ASCENT SOLAR TECHNOLOGIES, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SOLBIAN
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.PowerFilm Inc.
2.Panasonic Corporation
3.infinityPV
4.FLISOM
5.SunHarmonics
6. F-WAVE Company Limited
7.Heliatek GmbH
8.HyET Group
9.Ascent Solar Technologies, Inc.
10.SOLBIAN
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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