Fuel Dispenser Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Fuel dispensers are a vital component in the fuel station, and the main purpose is to deliver the right fuel quantity to the vehicle. The system is used for pumping fuel such as gas, diesel, gasoline, and others into a vehicle. The system is comprised of two components: one is monitoring and handling all electronic devices such as meter, displays, reading sensors, and others, Whereas, other components handles all mechanical devices such as pump and valves, motor, and others. The expanding automotive industry due to the corresponding demand for vehicles and rapid growth in the gas vehicles demand is positively impacting the fuel dispenser market growth.
MARKET DYNAMICS
The global fuel dispenser market is a highly competitive market and expected to boost in the coming years with the growing automotive industry. The increasing adoption of duel-fuel storing vehicles is among the key factors driving the market growth. Increasing demand for clean energy sources to reduce greenhouse emissions bolsters the demand for CNG gas dispensers. Further, the inclination towards digitalization and utilization of more electronics in dispensers creates a new growth opportunity for the market. However, increasing investment in electric vehicles is acting as a major restraint for the market.
MARKET SCOPE
The "Global Fuel dispenser Market Analysis to 2028" is a specialized and in-depth study of the fuel dispenser market with a special focus on the global market trend analysis. The report aims to provide an overview of Fuel dispenser market with detailed market segmentation by fuel type, dispenser system, and flow meter. The global Fuel dispenser market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Fuel dispenser market player and offers key trends and opportunities in the Fuel dispenser market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, and Others), Dispenser System (Submersible and Suction), and Flow Meter (Mechanical & Electronics)
MARKET SEGMENTATION
The global fuel dispenser market is segmented based on fuel type, dispenser system, flow meter, and geography. Based on fuel type, market is segmented as petroleum fuels, compressed fuels, biofuels, and others. Based on dispenser system, market is segmented as submersible and suction. In the terms of flow meter, market is segmented as mechanical and electronics.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global fuel dispenser market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fuel dispenser market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Fuel dispenser market from both demand and supply side and further evaluates market dynamics effecting the market during 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 effecting the fuel dispenser market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global fuel dispenser market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fuel dispenser market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Fuel dispenser market from both demand and supply side and further evaluates market dynamics effecting the market during 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 effecting the fuel dispenser market in these regions.
MARKET PLAYERS
The reports cover key developments in the fuel dispenser 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 market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from fuel dispenser market are anticipated to lucrative growth opportunities in the future with the rising demand for fuel dispenser market. Below mentioned is the list of few companies engaged in the fuel dispenser market.
The report also includes the profiles of key fuel dispenser market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BENNETT PUMP COMPANY
- Censtar Science & Technology Corp., Ltd
- Dover Corporation
- Gilbarco Inc.
- KoreaEnE
- LanFeng Co.,LTD.
- Sankipetro
- Scheidt & Bachmann Tubs d.o.o. Sva prava pridržana.
- TATSUNO Corporation
- TOMINAGA MFG CO
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.
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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
1.3.1Fuel Dispenser Market - By Fuel Type
1.3.2Fuel Dispenser Market - By Dispenser System
1.3.3Fuel Dispenser Market - By Flow Meter
1.3.4Fuel Dispenser Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FUEL DISPENSER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FUEL DISPENSER 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.FUEL DISPENSER MARKET - GLOBAL MARKET ANALYSIS
6.1.FUEL DISPENSER - GLOBAL MARKET OVERVIEW
6.2.FUEL DISPENSER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FUEL DISPENSER MARKET - REVENUE AND FORECASTS TO 2028 â" FUEL TYPE
7.1.OVERVIEW
7.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3.PETROLEUM FUELS
7.3.1.Overview
7.3.2.Petroleum Fuels Market Forecast and Analysis
7.4.COMPRESSED FUELS
7.4.1.Overview
7.4.2.Compressed Fuels Market Forecast and Analysis
7.5.BIOFUELS
7.5.1.Overview
7.5.2.Biofuels Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.FUEL DISPENSER MARKET - REVENUE AND FORECASTS TO 2028 â" DISPENSER SYSTEM
8.1.OVERVIEW
8.2.DISPENSER SYSTEM MARKET FORECASTS AND ANALYSIS
8.3.SUBMERSIBLE
8.3.1.Overview
8.3.2.Submersible Market Forecast and Analysis
8.4.SUCTION
8.4.1.Overview
8.4.2.Suction Market Forecast and Analysis
9.FUEL DISPENSER MARKET - REVENUE AND FORECASTS TO 2028 â" FLOW METER
9.1.OVERVIEW
9.2.FLOW METER MARKET FORECASTS AND ANALYSIS
9.3.MECHANICAL AND ELECTRONICS
9.3.1.Overview
9.3.2.Mechanical and Electronics Market Forecast and Analysis
10.FUEL DISPENSER MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Fuel Dispenser Market Overview
10.1.2North America Fuel Dispenser Market Forecasts and Analysis
10.1.3North America Fuel Dispenser Market Forecasts and Analysis - By Fuel Type
10.1.4North America Fuel Dispenser Market Forecasts and Analysis - By Dispenser System
10.1.5North America Fuel Dispenser Market Forecasts and Analysis - By Flow Meter
10.1.6North America Fuel Dispenser Market Forecasts and Analysis - By Countries
10.1.6.1United States Fuel Dispenser Market
10.1.6.1.1United States Fuel Dispenser Market by Fuel Type
10.1.6.1.2United States Fuel Dispenser Market by Dispenser System
10.1.6.1.3United States Fuel Dispenser Market by Flow Meter
10.1.6.2Canada Fuel Dispenser Market
10.1.6.2.1Canada Fuel Dispenser Market by Fuel Type
10.1.6.2.2Canada Fuel Dispenser Market by Dispenser System
10.1.6.2.3Canada Fuel Dispenser Market by Flow Meter
10.1.6.3Mexico Fuel Dispenser Market
10.1.6.3.1Mexico Fuel Dispenser Market by Fuel Type
10.1.6.3.2Mexico Fuel Dispenser Market by Dispenser System
10.1.6.3.3Mexico Fuel Dispenser Market by Flow Meter
10.2.EUROPE
10.2.1Europe Fuel Dispenser Market Overview
10.2.2Europe Fuel Dispenser Market Forecasts and Analysis
10.2.3Europe Fuel Dispenser Market Forecasts and Analysis - By Fuel Type
10.2.4Europe Fuel Dispenser Market Forecasts and Analysis - By Dispenser System
10.2.5Europe Fuel Dispenser Market Forecasts and Analysis - By Flow Meter
10.2.6Europe Fuel Dispenser Market Forecasts and Analysis - By Countries
10.2.6.1Germany Fuel Dispenser Market
10.2.6.1.1Germany Fuel Dispenser Market by Fuel Type
10.2.6.1.2Germany Fuel Dispenser Market by Dispenser System
10.2.6.1.3Germany Fuel Dispenser Market by Flow Meter
10.2.6.2France Fuel Dispenser Market
10.2.6.2.1France Fuel Dispenser Market by Fuel Type
10.2.6.2.2France Fuel Dispenser Market by Dispenser System
10.2.6.2.3France Fuel Dispenser Market by Flow Meter
10.2.6.3Italy Fuel Dispenser Market
10.2.6.3.1Italy Fuel Dispenser Market by Fuel Type
10.2.6.3.2Italy Fuel Dispenser Market by Dispenser System
10.2.6.3.3Italy Fuel Dispenser Market by Flow Meter
10.2.6.4United Kingdom Fuel Dispenser Market
10.2.6.4.1United Kingdom Fuel Dispenser Market by Fuel Type
10.2.6.4.2United Kingdom Fuel Dispenser Market by Dispenser System
10.2.6.4.3United Kingdom Fuel Dispenser Market by Flow Meter
10.2.6.5Russia Fuel Dispenser Market
10.2.6.5.1Russia Fuel Dispenser Market by Fuel Type
10.2.6.5.2Russia Fuel Dispenser Market by Dispenser System
10.2.6.5.3Russia Fuel Dispenser Market by Flow Meter
10.2.6.6Rest of Europe Fuel Dispenser Market
10.2.6.6.1Rest of Europe Fuel Dispenser Market by Fuel Type
10.2.6.6.2Rest of Europe Fuel Dispenser Market by Dispenser System
10.2.6.6.3Rest of Europe Fuel Dispenser Market by Flow Meter
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Fuel Dispenser Market Overview
10.3.2Asia-Pacific Fuel Dispenser Market Forecasts and Analysis
10.3.3Asia-Pacific Fuel Dispenser Market Forecasts and Analysis - By Fuel Type
10.3.4Asia-Pacific Fuel Dispenser Market Forecasts and Analysis - By Dispenser System
10.3.5Asia-Pacific Fuel Dispenser Market Forecasts and Analysis - By Flow Meter
10.3.6Asia-Pacific Fuel Dispenser Market Forecasts and Analysis - By Countries
10.3.6.1Australia Fuel Dispenser Market
10.3.6.1.1Australia Fuel Dispenser Market by Fuel Type
10.3.6.1.2Australia Fuel Dispenser Market by Dispenser System
10.3.6.1.3Australia Fuel Dispenser Market by Flow Meter
10.3.6.2China Fuel Dispenser Market
10.3.6.2.1China Fuel Dispenser Market by Fuel Type
10.3.6.2.2China Fuel Dispenser Market by Dispenser System
10.3.6.2.3China Fuel Dispenser Market by Flow Meter
10.3.6.3India Fuel Dispenser Market
10.3.6.3.1India Fuel Dispenser Market by Fuel Type
10.3.6.3.2India Fuel Dispenser Market by Dispenser System
10.3.6.3.3India Fuel Dispenser Market by Flow Meter
10.3.6.4Japan Fuel Dispenser Market
10.3.6.4.1Japan Fuel Dispenser Market by Fuel Type
10.3.6.4.2Japan Fuel Dispenser Market by Dispenser System
10.3.6.4.3Japan Fuel Dispenser Market by Flow Meter
10.3.6.5South Korea Fuel Dispenser Market
10.3.6.5.1South Korea Fuel Dispenser Market by Fuel Type
10.3.6.5.2South Korea Fuel Dispenser Market by Dispenser System
10.3.6.5.3South Korea Fuel Dispenser Market by Flow Meter
10.3.6.6Rest of Asia-Pacific Fuel Dispenser Market
10.3.6.6.1Rest of Asia-Pacific Fuel Dispenser Market by Fuel Type
10.3.6.6.2Rest of Asia-Pacific Fuel Dispenser Market by Dispenser System
10.3.6.6.3Rest of Asia-Pacific Fuel Dispenser Market by Flow Meter
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Fuel Dispenser Market Overview
10.4.2Middle East and Africa Fuel Dispenser Market Forecasts and Analysis
10.4.3Middle East and Africa Fuel Dispenser Market Forecasts and Analysis - By Fuel Type
10.4.4Middle East and Africa Fuel Dispenser Market Forecasts and Analysis - By Dispenser System
10.4.5Middle East and Africa Fuel Dispenser Market Forecasts and Analysis - By Flow Meter
10.4.6Middle East and Africa Fuel Dispenser Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Fuel Dispenser Market
10.4.6.1.1South Africa Fuel Dispenser Market by Fuel Type
10.4.6.1.2South Africa Fuel Dispenser Market by Dispenser System
10.4.6.1.3South Africa Fuel Dispenser Market by Flow Meter
10.4.6.2Saudi Arabia Fuel Dispenser Market
10.4.6.2.1Saudi Arabia Fuel Dispenser Market by Fuel Type
10.4.6.2.2Saudi Arabia Fuel Dispenser Market by Dispenser System
10.4.6.2.3Saudi Arabia Fuel Dispenser Market by Flow Meter
10.4.6.3U.A.E Fuel Dispenser Market
10.4.6.3.1U.A.E Fuel Dispenser Market by Fuel Type
10.4.6.3.2U.A.E Fuel Dispenser Market by Dispenser System
10.4.6.3.3U.A.E Fuel Dispenser Market by Flow Meter
10.4.6.4Rest of Middle East and Africa Fuel Dispenser Market
10.4.6.4.1Rest of Middle East and Africa Fuel Dispenser Market by Fuel Type
10.4.6.4.2Rest of Middle East and Africa Fuel Dispenser Market by Dispenser System
10.4.6.4.3Rest of Middle East and Africa Fuel Dispenser Market by Flow Meter
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Fuel Dispenser Market Overview
10.5.2South and Central America Fuel Dispenser Market Forecasts and Analysis
10.5.3South and Central America Fuel Dispenser Market Forecasts and Analysis - By Fuel Type
10.5.4South and Central America Fuel Dispenser Market Forecasts and Analysis - By Dispenser System
10.5.5South and Central America Fuel Dispenser Market Forecasts and Analysis - By Flow Meter
10.5.6South and Central America Fuel Dispenser Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Fuel Dispenser Market
10.5.6.1.1Brazil Fuel Dispenser Market by Fuel Type
10.5.6.1.2Brazil Fuel Dispenser Market by Dispenser System
10.5.6.1.3Brazil Fuel Dispenser Market by Flow Meter
10.5.6.2Argentina Fuel Dispenser Market
10.5.6.2.1Argentina Fuel Dispenser Market by Fuel Type
10.5.6.2.2Argentina Fuel Dispenser Market by Dispenser System
10.5.6.2.3Argentina Fuel Dispenser Market by Flow Meter
10.5.6.3Rest of South and Central America Fuel Dispenser Market
10.5.6.3.1Rest of South and Central America Fuel Dispenser Market by Fuel Type
10.5.6.3.2Rest of South and Central America Fuel Dispenser Market by Dispenser System
10.5.6.3.3Rest of South and Central America Fuel Dispenser Market by Flow Meter
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.FUEL DISPENSER MARKET, KEY COMPANY PROFILES
12.1.BENNETT PUMP COMPANY
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.CENSTAR SCIENCE AND TECHNOLOGY CORP., LTD
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.DOVER CORPORATION
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.GILBARCO INC.
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.KOREAENE
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.LANFENG CO.,LTD.
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.SANKIPETRO
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.SCHEIDT AND BACHMANN TUBS D.O.O. SVA PRAVA PRIDRžANA.
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.TATSUNO CORPORATION
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.TOMINAGA MFG CO
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
The List of Companies
1. BENNETT PUMP COMPANY
2. Censtar Science and Technology Corp., Ltd
3. Dover Corporation
4. Gilbarco Inc.
5. KoreaEnE
6. LanFeng Co.,LTD.
7. Sankipetro
8. Scheidt and Bachmann Tubs d.o.o. Sva prava pridržana.
9. TATSUNO Corporation
10. TOMINAGA MFG CO
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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