High Temperature Energy Storage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Thermal energy is a type of kinetic energy produced by the heat generated by an object that emits heat or the friction of the object. Thermal energy can be generated in the form of radiation, latent absorption, or by applying heat directly. The negative effects of greenhouse gas emissions and rising fuel prices are driving the demand for high temperature energy storage around the world. Constantly increasing energy consumption tends to increase the demand for high temperature energy storage in the near future
MARKET DYNAMICS
Thermal storage is used to provide cooling capacity for commercial buildings by producing cold water during periods of low demand and using it during times of high demand. Recent developments in seasonal and molten heat storage have made it possible to store energy during the day and summer seasons and consume energy during the night and winter seasons. The Asia-Pacific region is expected to have the highest growth rates due to increased population, increased energy consumption and increased demand for renewable energy sources. As European countries focus on green energy, they are devoted to thermal energy and are expected to boost the European thermal energy market.
MARKET SCOPE
The "Global High Temperature Energy Storage Market Analysis to 2028" is a specialized and in-depth study of the high temperature energy storage market with a special focus on the global market trend analysis. The report aims to provide an overview of the high temperature energy storage market with detailed market segmentation by storage type, technology, application, end user and geography. The global high temperature energy storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading high temperature energy storage market players and offers key trends and opportunities in the high temperature energy storage market.
MARKET SEGMENTATION
The global high temperature energy storage market is segmented based on storage type, technology, application and end user. On the basis of its storage type, high temperature energy storage market can be segmented into the water, molten salt, phase change materials (PCM), and others. On the basis of technology, high temperature energy storage market can be segmented into sensible heat storage, latent heat storage, and thermochemical storage. On the basis of technology, high temperature energy storage market can be segmented into power generation, district heating & cooling, process heating & cooling. On the basis of its end user, high temperature energy storage market can be segmented into residential, commercial, and industrial.
IMPACT OF COVID-19 ON HIGH TEMPERATURE ENERGY STORAGE MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
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 High Temperature Energy Storage Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The High Temperature Energy Storage 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 High Temperature Energy Storage 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 high temperature energy storage 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 High Temperature Energy Storage Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The High Temperature Energy Storage 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 High Temperature Energy Storage 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 high temperature energy storage market in these regions.
MARKET PLAYERS
The reports cover key developments in the high temperature energy storage 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 expansion of business and customer base of market players. The market players from high temperature energy storage market are anticipated to lucrative growth opportunities in the future with the rising demand for high temperature energy storage market. Below mentioned is the list of few companies engaged in the high temperature energy storage market.
The report also includes the profiles of key high temperature energy storage 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.
- Calmac
- Abengoa Solar
- Cadwell Energy
- Baltimore Aircoil Company
- Climate Change Technologies
- Vattenfall
- SaltX
- Azelio
- Brightsource Energy
- DC Pro Engineering
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
1.3.1 High Temperature Energy Storage Market - By Storage Type
1.3.2 High Temperature Energy Storage Market - By Technology
1.3.3 High Temperature Energy Storage Market - By Application
1.3.4 High Temperature Energy Storage Market - By End User
1.3.5 High Temperature Energy Storage Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HIGH TEMPERATURE ENERGY STORAGE 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. HIGH TEMPERATURE ENERGY STORAGE 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. HIGH TEMPERATURE ENERGY STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. HIGH TEMPERATURE ENERGY STORAGE - GLOBAL MARKET OVERVIEW
6.2. HIGH TEMPERATURE ENERGY STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HIGH TEMPERATURE ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - STORAGE TYPE
7.1. OVERVIEW
7.2. STORAGE TYPE MARKET FORECASTS AND ANALYSIS
7.3. WATER
7.3.1. Overview
7.3.2. Water Market Forecast and Analysis
7.4. MOLTEN SALT
7.4.1. Overview
7.4.2. Molten Salt Market Forecast and Analysis
7.5. PHASE CHANGE MATERIAL (PCM)
7.5.1. Overview
7.5.2. Phase Change Material (PCM) Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. HIGH TEMPERATURE ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SENSIBLE HEAT STORAGE
8.3.1. Overview
8.3.2. Sensible Heat Storage Market Forecast and Analysis
8.4. LATENT HEAT STORAGE
8.4.1. Overview
8.4.2. Latent Heat Storage Market Forecast and Analysis
8.5. THERMOCHEMICAL STORAGE
8.5.1. Overview
8.5.2. Thermochemical Storage Market Forecast and Analysis
9. HIGH TEMPERATURE ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. POWER GENERATION
9.3.1. Overview
9.3.2. Power Generation Market Forecast and Analysis
9.4. DISTRICT HEATING ANDCOOLING
9.4.1. Overview
9.4.2. District Heating andCooling Market Forecast and Analysis
9.5. PROCESS HEATING AND COOLING
9.5.1. Overview
9.5.2. Process Heating and Cooling Market Forecast and Analysis
10. HIGH TEMPERATURE ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
10.5. INDUSTRIAL
10.5.1. Overview
10.5.2. Industrial Market Forecast and Analysis
11. HIGH TEMPERATURE ENERGY STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America High Temperature Energy Storage Market Overview
11.1.2 North America High Temperature Energy Storage Market Forecasts and Analysis
11.1.3 North America High Temperature Energy Storage Market Forecasts and Analysis - By Storage Type
11.1.4 North America High Temperature Energy Storage Market Forecasts and Analysis - By Technology
11.1.5 North America High Temperature Energy Storage Market Forecasts and Analysis - By Application
11.1.6 North America High Temperature Energy Storage Market Forecasts and Analysis - By End User
11.1.7 North America High Temperature Energy Storage Market Forecasts and Analysis - By Countries
11.1.7.1 United States High Temperature Energy Storage Market
11.1.7.1.1 United States High Temperature Energy Storage Market by Storage Type
11.1.7.1.2 United States High Temperature Energy Storage Market by Technology
11.1.7.1.3 United States High Temperature Energy Storage Market by Application
11.1.7.1.4 United States High Temperature Energy Storage Market by End User
11.1.7.2 Canada High Temperature Energy Storage Market
11.1.7.2.1 Canada High Temperature Energy Storage Market by Storage Type
11.1.7.2.2 Canada High Temperature Energy Storage Market by Technology
11.1.7.2.3 Canada High Temperature Energy Storage Market by Application
11.1.7.2.4 Canada High Temperature Energy Storage Market by End User
11.1.7.3 Mexico High Temperature Energy Storage Market
11.1.7.3.1 Mexico High Temperature Energy Storage Market by Storage Type
11.1.7.3.2 Mexico High Temperature Energy Storage Market by Technology
11.1.7.3.3 Mexico High Temperature Energy Storage Market by Application
11.1.7.3.4 Mexico High Temperature Energy Storage Market by End User
11.2. EUROPE
11.2.1 Europe High Temperature Energy Storage Market Overview
11.2.2 Europe High Temperature Energy Storage Market Forecasts and Analysis
11.2.3 Europe High Temperature Energy Storage Market Forecasts and Analysis - By Storage Type
11.2.4 Europe High Temperature Energy Storage Market Forecasts and Analysis - By Technology
11.2.5 Europe High Temperature Energy Storage Market Forecasts and Analysis - By Application
11.2.6 Europe High Temperature Energy Storage Market Forecasts and Analysis - By End User
11.2.7 Europe High Temperature Energy Storage Market Forecasts and Analysis - By Countries
11.2.7.1 Germany High Temperature Energy Storage Market
11.2.7.1.1 Germany High Temperature Energy Storage Market by Storage Type
11.2.7.1.2 Germany High Temperature Energy Storage Market by Technology
11.2.7.1.3 Germany High Temperature Energy Storage Market by Application
11.2.7.1.4 Germany High Temperature Energy Storage Market by End User
11.2.7.2 France High Temperature Energy Storage Market
11.2.7.2.1 France High Temperature Energy Storage Market by Storage Type
11.2.7.2.2 France High Temperature Energy Storage Market by Technology
11.2.7.2.3 France High Temperature Energy Storage Market by Application
11.2.7.2.4 France High Temperature Energy Storage Market by End User
11.2.7.3 Italy High Temperature Energy Storage Market
11.2.7.3.1 Italy High Temperature Energy Storage Market by Storage Type
11.2.7.3.2 Italy High Temperature Energy Storage Market by Technology
11.2.7.3.3 Italy High Temperature Energy Storage Market by Application
11.2.7.3.4 Italy High Temperature Energy Storage Market by End User
11.2.7.4 United Kingdom High Temperature Energy Storage Market
11.2.7.4.1 United Kingdom High Temperature Energy Storage Market by Storage Type
11.2.7.4.2 United Kingdom High Temperature Energy Storage Market by Technology
11.2.7.4.3 United Kingdom High Temperature Energy Storage Market by Application
11.2.7.4.4 United Kingdom High Temperature Energy Storage Market by End User
11.2.7.5 Russia High Temperature Energy Storage Market
11.2.7.5.1 Russia High Temperature Energy Storage Market by Storage Type
11.2.7.5.2 Russia High Temperature Energy Storage Market by Technology
11.2.7.5.3 Russia High Temperature Energy Storage Market by Application
11.2.7.5.4 Russia High Temperature Energy Storage Market by End User
11.2.7.6 Rest of Europe High Temperature Energy Storage Market
11.2.7.6.1 Rest of Europe High Temperature Energy Storage Market by Storage Type
11.2.7.6.2 Rest of Europe High Temperature Energy Storage Market by Technology
11.2.7.6.3 Rest of Europe High Temperature Energy Storage Market by Application
11.2.7.6.4 Rest of Europe High Temperature Energy Storage Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific High Temperature Energy Storage Market Overview
11.3.2 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis
11.3.3 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis - By Storage Type
11.3.4 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific High Temperature Energy Storage Market Forecasts and Analysis - By Countries
11.3.7.1 Australia High Temperature Energy Storage Market
11.3.7.1.1 Australia High Temperature Energy Storage Market by Storage Type
11.3.7.1.2 Australia High Temperature Energy Storage Market by Technology
11.3.7.1.3 Australia High Temperature Energy Storage Market by Application
11.3.7.1.4 Australia High Temperature Energy Storage Market by End User
11.3.7.2 China High Temperature Energy Storage Market
11.3.7.2.1 China High Temperature Energy Storage Market by Storage Type
11.3.7.2.2 China High Temperature Energy Storage Market by Technology
11.3.7.2.3 China High Temperature Energy Storage Market by Application
11.3.7.2.4 China High Temperature Energy Storage Market by End User
11.3.7.3 India High Temperature Energy Storage Market
11.3.7.3.1 India High Temperature Energy Storage Market by Storage Type
11.3.7.3.2 India High Temperature Energy Storage Market by Technology
11.3.7.3.3 India High Temperature Energy Storage Market by Application
11.3.7.3.4 India High Temperature Energy Storage Market by End User
11.3.7.4 Japan High Temperature Energy Storage Market
11.3.7.4.1 Japan High Temperature Energy Storage Market by Storage Type
11.3.7.4.2 Japan High Temperature Energy Storage Market by Technology
11.3.7.4.3 Japan High Temperature Energy Storage Market by Application
11.3.7.4.4 Japan High Temperature Energy Storage Market by End User
11.3.7.5 South Korea High Temperature Energy Storage Market
11.3.7.5.1 South Korea High Temperature Energy Storage Market by Storage Type
11.3.7.5.2 South Korea High Temperature Energy Storage Market by Technology
11.3.7.5.3 South Korea High Temperature Energy Storage Market by Application
11.3.7.5.4 South Korea High Temperature Energy Storage Market by End User
11.3.7.6 Rest of Asia-Pacific High Temperature Energy Storage Market
11.3.7.6.1 Rest of Asia-Pacific High Temperature Energy Storage Market by Storage Type
11.3.7.6.2 Rest of Asia-Pacific High Temperature Energy Storage Market by Technology
11.3.7.6.3 Rest of Asia-Pacific High Temperature Energy Storage Market by Application
11.3.7.6.4 Rest of Asia-Pacific High Temperature Energy Storage Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa High Temperature Energy Storage Market Overview
11.4.2 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis
11.4.3 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis - By Storage Type
11.4.4 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa High Temperature Energy Storage Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa High Temperature Energy Storage Market
11.4.7.1.1 South Africa High Temperature Energy Storage Market by Storage Type
11.4.7.1.2 South Africa High Temperature Energy Storage Market by Technology
11.4.7.1.3 South Africa High Temperature Energy Storage Market by Application
11.4.7.1.4 South Africa High Temperature Energy Storage Market by End User
11.4.7.2 Saudi Arabia High Temperature Energy Storage Market
11.4.7.2.1 Saudi Arabia High Temperature Energy Storage Market by Storage Type
11.4.7.2.2 Saudi Arabia High Temperature Energy Storage Market by Technology
11.4.7.2.3 Saudi Arabia High Temperature Energy Storage Market by Application
11.4.7.2.4 Saudi Arabia High Temperature Energy Storage Market by End User
11.4.7.3 U.A.E High Temperature Energy Storage Market
11.4.7.3.1 U.A.E High Temperature Energy Storage Market by Storage Type
11.4.7.3.2 U.A.E High Temperature Energy Storage Market by Technology
11.4.7.3.3 U.A.E High Temperature Energy Storage Market by Application
11.4.7.3.4 U.A.E High Temperature Energy Storage Market by End User
11.4.7.4 Rest of Middle East and Africa High Temperature Energy Storage Market
11.4.7.4.1 Rest of Middle East and Africa High Temperature Energy Storage Market by Storage Type
11.4.7.4.2 Rest of Middle East and Africa High Temperature Energy Storage Market by Technology
11.4.7.4.3 Rest of Middle East and Africa High Temperature Energy Storage Market by Application
11.4.7.4.4 Rest of Middle East and Africa High Temperature Energy Storage Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America High Temperature Energy Storage Market Overview
11.5.2 South and Central America High Temperature Energy Storage Market Forecasts and Analysis
11.5.3 South and Central America High Temperature Energy Storage Market Forecasts and Analysis - By Storage Type
11.5.4 South and Central America High Temperature Energy Storage Market Forecasts and Analysis - By Technology
11.5.5 South and Central America High Temperature Energy Storage Market Forecasts and Analysis - By Application
11.5.6 South and Central America High Temperature Energy Storage Market Forecasts and Analysis - By End User
11.5.7 South and Central America High Temperature Energy Storage Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil High Temperature Energy Storage Market
11.5.7.1.1 Brazil High Temperature Energy Storage Market by Storage Type
11.5.7.1.2 Brazil High Temperature Energy Storage Market by Technology
11.5.7.1.3 Brazil High Temperature Energy Storage Market by Application
11.5.7.1.4 Brazil High Temperature Energy Storage Market by End User
11.5.7.2 Argentina High Temperature Energy Storage Market
11.5.7.2.1 Argentina High Temperature Energy Storage Market by Storage Type
11.5.7.2.2 Argentina High Temperature Energy Storage Market by Technology
11.5.7.2.3 Argentina High Temperature Energy Storage Market by Application
11.5.7.2.4 Argentina High Temperature Energy Storage Market by End User
11.5.7.3 Rest of South and Central America High Temperature Energy Storage Market
11.5.7.3.1 Rest of South and Central America High Temperature Energy Storage Market by Storage Type
11.5.7.3.2 Rest of South and Central America High Temperature Energy Storage Market by Technology
11.5.7.3.3 Rest of South and Central America High Temperature Energy Storage Market by Application
11.5.7.3.4 Rest of South and Central America High Temperature Energy Storage Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. HIGH TEMPERATURE ENERGY STORAGE MARKET, KEY COMPANY PROFILES
13.1. CALMAC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ABENGOA SOLAR
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CADWELL ENERGY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BALTIMORE AIRCOIL COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CLIMATE CHANGE TECHNOLOGIES
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. VATTENFALL
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SALTX
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. AZELIO
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. BRIGHTSOURCE ENERGY
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. DC PRO ENGINEERING
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
"
The List Of Companies
- Calmac
- Abengoa Solar
- Cadwell Energy
- Baltimore Aircoil Company
- Climate Change Technologies
- Vattenfall
- SaltX
- Azelio
- Brightsource Energy
- DC Pro Engineering
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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