Heterojunction Solar Cell Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Heterojunction Solar Cell Market covers analysis by Product Type (Silicon Heterojunction Solar Cells, Hetero-Junction Double-Sided Solar Cell, Others); Application (Photovoltaic Power Station, Residential, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029563
  • Category : Energy and Power
  • No. of Pages : 150
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Heterojunction Solar Cell Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
The heterojunction technology is the best option to raise efficiency and power output to their highest levels. The heterojunction technology combines the best qualities of crystalline silicon with those from amorphous silicon thin-film to produce a high-power hybrid cell. The favorable government initiatives toward growing the deployment of renewable energy sources coupled with stringent regulatory measures to limit carbon emissions will drive the heterojunction solar cell market growth. The ongoing technological advancements to reduce the overall cost of the solar systems in conjunction with robust growth in the PV capacities globally will fuel the market growth.

MARKET SCOPE
The "Global Heterojunction Solar Cell Market Analysis to 2028" is a specialized and in-depth study of the solar cell with a special focus on the global market trend analysis. The report aims to provide an overview of the heterojunction solar cell market with detailed market segmentation by product type, application and geography. The report provides key statistics on the market status of the leading heterojunction solar cell market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  • On the basis of product type the market is segmented into silicon heterojunction solar cells, hetero-junction double-sided solar cell, and others
  • On the basis application, the market is segmented as photovoltaic power station, residential, and others

MARKET DYNAMICS

Drivers    

  • Growing adoption of renewable energy sources drives the market growth
  • Increasing investment in R&D sector for improving the solar cell technology propels the market growth

Restraints

  • High Initial Investment Restraints the Market Growth

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 (SAM). The heterojunction solar cell market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the heterojunction solar cell market in these regions.

IMPACT OF COVID-19 ON HETEROJUNCTION SOLAR CELL MARKET
The outbreak of the COVID-19 has severely impacted the energy and power industries, which resulted a decline in market growth in the year 2020. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing projects in deploying solar cell has directly influenced the market growth. However, the global situation is getting recoverd at a slow & steady pace which is anticipated to increase in coming years. Furthermore, the key players engaged in the market are also focusing on investment in heterojunction solar cell which is further strengthening the market growth in pandemic recovery period. The increase in energy demand owing to rise in population and government initiatives encouraging the clean energy sources across the globe are some of the key factors anticipated to boost the demand for the heterojunction solar cell market over the projected period. 

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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 (SAM). The heterojunction solar cell market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the heterojunction solar cell market in these regions.

IMPACT OF COVID-19 ON HETEROJUNCTION SOLAR CELL MARKET
The outbreak of the COVID-19 has severely impacted the energy and power industries, which resulted a decline in market growth in the year 2020. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing projects in deploying solar cell has directly influenced the market growth. However, the global situation is getting recoverd at a slow & steady pace which is anticipated to increase in coming years. Furthermore, the key players engaged in the market are also focusing on investment in heterojunction solar cell which is further strengthening the market growth in pandemic recovery period. The increase in energy demand owing to rise in population and government initiatives encouraging the clean energy sources across the globe are some of the key factors anticipated to boost the demand for the heterojunction solar cell market over the projected period. 

MARKET PLAYERS
The report covers key developments in the heterojunction solar cell market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the heterojunction solar cell market are anticipated to provide lucrative growth opportunities in the future with the rising demand for heterojunction solar cell in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heterojunction solar 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.

  • Solar Electric Supply, Inc.
  • Meyer Burger Technology AG
  • Zhejiang Dongshuo New Energy Co, Ltd
  • KANEKA CORPORATION
  • Hanergy Thin Film Power EME B.V.
  • Hevel
  • CETC Solar Energy Holdings Co., Ltd.
  • JINERGY
  • Enel Spa
  • HELIENE Inc.

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 Heterojunction Solar Cell Market - By Product Type
1.3.2 Heterojunction Solar Cell Market - By Application
1.3.3 Heterojunction Solar Cell Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HETEROJUNCTION SOLAR CELL 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. HETEROJUNCTION SOLAR 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. HETEROJUNCTION SOLAR CELL MARKET - GLOBAL MARKET ANALYSIS
6.1. HETEROJUNCTION SOLAR CELL - GLOBAL MARKET OVERVIEW
6.2. HETEROJUNCTION SOLAR CELL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. HETEROJUNCTION SOLAR CELL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SILICON HETEROJUNCTION SOLAR CELLS
7.3.1. Overview
7.3.2. Silicon Heterojunction Solar Cells Market Forecast and Analysis
7.4. HETERO-JUNCTION DOUBLE-SIDED SOLAR CELL
7.4.1. Overview
7.4.2. Hetero-Junction Double-Sided Solar Cell Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis

8. HETEROJUNCTION SOLAR CELL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHOTOVOLTAIC POWER STATION
8.3.1. Overview
8.3.2. Photovoltaic Power Station Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis

9. HETEROJUNCTION SOLAR CELL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Heterojunction Solar Cell Market Overview
9.1.2 North America Heterojunction Solar Cell Market Forecasts and Analysis
9.1.3 North America Heterojunction Solar Cell Market Forecasts and Analysis - By Product Type
9.1.4 North America Heterojunction Solar Cell Market Forecasts and Analysis - By Application
9.1.5 North America Heterojunction Solar Cell Market Forecasts and Analysis - By Countries
9.1.5.1 United States Heterojunction Solar Cell Market
9.1.5.1.1 United States Heterojunction Solar Cell Market by Product Type
9.1.5.1.2 United States Heterojunction Solar Cell Market by Application
9.1.5.2 Canada Heterojunction Solar Cell Market
9.1.5.2.1 Canada Heterojunction Solar Cell Market by Product Type
9.1.5.2.2 Canada Heterojunction Solar Cell Market by Application
9.1.5.3 Mexico Heterojunction Solar Cell Market
9.1.5.3.1 Mexico Heterojunction Solar Cell Market by Product Type
9.1.5.3.2 Mexico Heterojunction Solar Cell Market by Application
9.2. EUROPE
9.2.1 Europe Heterojunction Solar Cell Market Overview
9.2.2 Europe Heterojunction Solar Cell Market Forecasts and Analysis
9.2.3 Europe Heterojunction Solar Cell Market Forecasts and Analysis - By Product Type
9.2.4 Europe Heterojunction Solar Cell Market Forecasts and Analysis - By Application
9.2.5 Europe Heterojunction Solar Cell Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Heterojunction Solar Cell Market
9.2.5.1.1 Germany Heterojunction Solar Cell Market by Product Type
9.2.5.1.2 Germany Heterojunction Solar Cell Market by Application
9.2.5.2 France Heterojunction Solar Cell Market
9.2.5.2.1 France Heterojunction Solar Cell Market by Product Type
9.2.5.2.2 France Heterojunction Solar Cell Market by Application
9.2.5.3 Italy Heterojunction Solar Cell Market
9.2.5.3.1 Italy Heterojunction Solar Cell Market by Product Type
9.2.5.3.2 Italy Heterojunction Solar Cell Market by Application
9.2.5.4 United Kingdom Heterojunction Solar Cell Market
9.2.5.4.1 United Kingdom Heterojunction Solar Cell Market by Product Type
9.2.5.4.2 United Kingdom Heterojunction Solar Cell Market by Application
9.2.5.5 Russia Heterojunction Solar Cell Market
9.2.5.5.1 Russia Heterojunction Solar Cell Market by Product Type
9.2.5.5.2 Russia Heterojunction Solar Cell Market by Application
9.2.5.6 Rest of Europe Heterojunction Solar Cell Market
9.2.5.6.1 Rest of Europe Heterojunction Solar Cell Market by Product Type
9.2.5.6.2 Rest of Europe Heterojunction Solar Cell Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Heterojunction Solar Cell Market Overview
9.3.2 Asia-Pacific Heterojunction Solar Cell Market Forecasts and Analysis
9.3.3 Asia-Pacific Heterojunction Solar Cell Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Heterojunction Solar Cell Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Heterojunction Solar Cell Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Heterojunction Solar Cell Market
9.3.5.1.1 Australia Heterojunction Solar Cell Market by Product Type
9.3.5.1.2 Australia Heterojunction Solar Cell Market by Application
9.3.5.2 China Heterojunction Solar Cell Market
9.3.5.2.1 China Heterojunction Solar Cell Market by Product Type
9.3.5.2.2 China Heterojunction Solar Cell Market by Application
9.3.5.3 India Heterojunction Solar Cell Market
9.3.5.3.1 India Heterojunction Solar Cell Market by Product Type
9.3.5.3.2 India Heterojunction Solar Cell Market by Application
9.3.5.4 Japan Heterojunction Solar Cell Market
9.3.5.4.1 Japan Heterojunction Solar Cell Market by Product Type
9.3.5.4.2 Japan Heterojunction Solar Cell Market by Application
9.3.5.5 South Korea Heterojunction Solar Cell Market
9.3.5.5.1 South Korea Heterojunction Solar Cell Market by Product Type
9.3.5.5.2 South Korea Heterojunction Solar Cell Market by Application
9.3.5.6 Rest of Asia-Pacific Heterojunction Solar Cell Market
9.3.5.6.1 Rest of Asia-Pacific Heterojunction Solar Cell Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Heterojunction Solar Cell Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Heterojunction Solar Cell Market Overview
9.4.2 Middle East and Africa Heterojunction Solar Cell Market Forecasts and Analysis
9.4.3 Middle East and Africa Heterojunction Solar Cell Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Heterojunction Solar Cell Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Heterojunction Solar Cell Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Heterojunction Solar Cell Market
9.4.5.1.1 South Africa Heterojunction Solar Cell Market by Product Type
9.4.5.1.2 South Africa Heterojunction Solar Cell Market by Application
9.4.5.2 Saudi Arabia Heterojunction Solar Cell Market
9.4.5.2.1 Saudi Arabia Heterojunction Solar Cell Market by Product Type
9.4.5.2.2 Saudi Arabia Heterojunction Solar Cell Market by Application
9.4.5.3 U.A.E Heterojunction Solar Cell Market
9.4.5.3.1 U.A.E Heterojunction Solar Cell Market by Product Type
9.4.5.3.2 U.A.E Heterojunction Solar Cell Market by Application
9.4.5.4 Rest of Middle East and Africa Heterojunction Solar Cell Market
9.4.5.4.1 Rest of Middle East and Africa Heterojunction Solar Cell Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Heterojunction Solar Cell Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Heterojunction Solar Cell Market Overview
9.5.2 South and Central America Heterojunction Solar Cell Market Forecasts and Analysis
9.5.3 South and Central America Heterojunction Solar Cell Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Heterojunction Solar Cell Market Forecasts and Analysis - By Application
9.5.5 South and Central America Heterojunction Solar Cell Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Heterojunction Solar Cell Market
9.5.5.1.1 Brazil Heterojunction Solar Cell Market by Product Type
9.5.5.1.2 Brazil Heterojunction Solar Cell Market by Application
9.5.5.2 Argentina Heterojunction Solar Cell Market
9.5.5.2.1 Argentina Heterojunction Solar Cell Market by Product Type
9.5.5.2.2 Argentina Heterojunction Solar Cell Market by Application
9.5.5.3 Rest of South and Central America Heterojunction Solar Cell Market
9.5.5.3.1 Rest of South and Central America Heterojunction Solar Cell Market by Product Type
9.5.5.3.2 Rest of South and Central America Heterojunction Solar Cell 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. HETEROJUNCTION SOLAR CELL MARKET, KEY COMPANY PROFILES
11.1. SOLAR ELECTRIC SUPPLY, INC.
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. MEYER BURGER TECHNOLOGY AG
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. ZHEJIANG DONGSHUO NEW ENERGY CO, LTD
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. KANEKA CORPORATION
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. HANERGY THIN FILM EME B.V.
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. HEVEL
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. CETC SOLAR ENERGY HOLDINGS CO., LTD.
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. JINERGY
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. ENEL SPA
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. HELIENE INC.
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. Solar Electric Supply, Inc.
  2. Meyer Burger Technology AG
  3. Zhejiang Dongshuo New Energy Co, Ltd
  4. KANEKA CORPORATION
  5. Hanergy Thin Film EME B.V.
  6. Hevel
  7. CETC Solar Energy Holdings Co., Ltd.
  8. JINERGY
  9. Enel Spa
  10. HELIENE Inc.

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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