Industrial Heat Pump Market Key Findings by 2031
Industrial heat pumps are specially designed family of pumps that facilitate the conversion of waste heat into useful application and subsequently facilitate in improved energy savings. As a result, the heat pump has profound scope of application across several commercial as well as industrial application in different industry verticals. The industrial heat pump continues to gain traction owing to their ability too provide improved energy savings for the end-user and simultaneously provide lucrative business opportunities for the market players during the coming years.
MARKET DYNAMICS
The significant rise in adoption of industrial heat pump owing to their ability to reduce carbon dioxide emission along with improving energy efficiencies remains the major factor driving the market growth. Furthermore, the growing emphasis by the industrial manufacturers towards achieving improved energy savings through optimal utilization of the resources is also expected to propel the market growth in the coming years. Thus, the market is poised to offer several profitable business opportunities for the market players during the coming years.
MARKET SCOPE
The "Global Industrial Heat Pump Market Analysis to 2031" is a specialized and in-depth study of the industrial heat pump industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial heat pump market with detailed market segmentation by power capacity, heat source, end-user and geography. The global industrial heat pump market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial heat pump market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial heat pump market is segmented on the basis of power capacity, heat source and end-user. Based on power capacity, the industrial heat pump market is segmented 100 to 300 kw, 301 to 500 kw, and 501kw & above. On the basis of image heat source, the market is segmented as air, water, and others. Whereas, based on end-user the market is divided into energy & powr, manufacturing, chemicals, food & beverage, and 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 industrial heat pump 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 industrial heat pump market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial heat pump 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 for the industrial heat pump market for each region.
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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 industrial heat pump 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 industrial heat pump market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial heat pump 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 for the industrial heat pump market for each region.
MARKET PLAYERS
The reports cover key developments in the industrial heat pump 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 the way for the expansion of business and customer base of market players. The market payers from industrial heat pump market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial heat pump in the global market. Below mentioned is the list of few companies engaged in the industrial heat pump market.
The report also includes the profiles of key 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 the last three years, key development in the past five years.
- Daikin Industries Ltd.
- Danfoss AS
- Emerson Electric Co.
- Johnson Controls International Plc
- Lennox International Inc.
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- Rheem Manufacturing Co.
- Robert Bosch GmbH
- United Technologies Corp.
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
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
1.3.1Industrial Heat Pump Market - By Power Capacity
1.3.2Industrial Heat Pump Market - By Heat Source
1.3.3Industrial Heat Pump Market - By End-user
1.3.4Industrial Heat Pump Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.INDUSTRIAL HEAT PUMP 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.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.INDUSTRIAL HEAT PUMP 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.INDUSTRIAL HEAT PUMP MARKET - GLOBAL MARKET ANALYSIS
6.1.INDUSTRIAL HEAT PUMP - GLOBAL MARKET OVERVIEW
6.2.INDUSTRIAL HEAT PUMP - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.INDUSTRIAL HEAT PUMP MARKET - REVENUE AND FORECASTS TO 2028 " POWER CAPACITY
7.1.OVERVIEW
7.2.POWER CAPACITY MARKET FORECASTS AND ANALYSIS
7.3.100 TO 300 KW
7.3.1.Overview
7.3.2.100 to 300 kW Market Forecast and Analysis
7.4.301 TO 500 KW
7.4.1.Overview
7.4.2.301 to 500 kW Market Forecast and Analysis
7.5.501 KW AND ABOVE
7.5.1.Overview
7.5.2.501 kW and Above Market Forecast and Analysis
8.INDUSTRIAL HEAT PUMP MARKET - REVENUE AND FORECASTS TO 2028 " HEAT SOURCE
8.1.OVERVIEW
8.2.HEAT SOURCE MARKET FORECASTS AND ANALYSIS
8.3.AIR
8.3.1.Overview
8.3.2.Air Market Forecast and Analysis
8.4.WATER
8.4.1.Overview
8.4.2.Water Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.INDUSTRIAL HEAT PUMP MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.ENERGY AND POWER
9.3.1.Overview
9.3.2.Energy and Power Market Forecast and Analysis
9.4.MANUFACTURING
9.4.1.Overview
9.4.2.Manufacturing Market Forecast and Analysis
9.5.CHEMICALS
9.5.1.Overview
9.5.2.Chemicals Market Forecast and Analysis
9.6.FOOD AND BEVERAGES
9.6.1.Overview
9.6.2.Food and Beverages Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.INDUSTRIAL HEAT PUMP MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Industrial Heat Pump Market Overview
10.1.2North America Industrial Heat Pump Market Forecasts and Analysis
10.1.3North America Industrial Heat Pump Market Forecasts and Analysis - By Power Capacity
10.1.4North America Industrial Heat Pump Market Forecasts and Analysis - By Heat Source
10.1.5North America Industrial Heat Pump Market Forecasts and Analysis - By End-user
10.1.6North America Industrial Heat Pump Market Forecasts and Analysis - By Countries
10.1.6.1United States Industrial Heat Pump Market
10.1.6.1.1United States Industrial Heat Pump Market by Power Capacity
10.1.6.1.2United States Industrial Heat Pump Market by Heat Source
10.1.6.1.3United States Industrial Heat Pump Market by End-user
10.1.6.2Canada Industrial Heat Pump Market
10.1.6.2.1Canada Industrial Heat Pump Market by Power Capacity
10.1.6.2.2Canada Industrial Heat Pump Market by Heat Source
10.1.6.2.3Canada Industrial Heat Pump Market by End-user
10.1.6.3Mexico Industrial Heat Pump Market
10.1.6.3.1Mexico Industrial Heat Pump Market by Power Capacity
10.1.6.3.2Mexico Industrial Heat Pump Market by Heat Source
10.1.6.3.3Mexico Industrial Heat Pump Market by End-user
10.2.EUROPE
10.2.1Europe Industrial Heat Pump Market Overview
10.2.2Europe Industrial Heat Pump Market Forecasts and Analysis
10.2.3Europe Industrial Heat Pump Market Forecasts and Analysis - By Power Capacity
10.2.4Europe Industrial Heat Pump Market Forecasts and Analysis - By Heat Source
10.2.5Europe Industrial Heat Pump Market Forecasts and Analysis - By End-user
10.2.6Europe Industrial Heat Pump Market Forecasts and Analysis - By Countries
10.2.6.1Germany Industrial Heat Pump Market
10.2.6.1.1Germany Industrial Heat Pump Market by Power Capacity
10.2.6.1.2Germany Industrial Heat Pump Market by Heat Source
10.2.6.1.3Germany Industrial Heat Pump Market by End-user
10.2.6.2France Industrial Heat Pump Market
10.2.6.2.1France Industrial Heat Pump Market by Power Capacity
10.2.6.2.2France Industrial Heat Pump Market by Heat Source
10.2.6.2.3France Industrial Heat Pump Market by End-user
10.2.6.3Italy Industrial Heat Pump Market
10.2.6.3.1Italy Industrial Heat Pump Market by Power Capacity
10.2.6.3.2Italy Industrial Heat Pump Market by Heat Source
10.2.6.3.3Italy Industrial Heat Pump Market by End-user
10.2.6.4United Kingdom Industrial Heat Pump Market
10.2.6.4.1United Kingdom Industrial Heat Pump Market by Power Capacity
10.2.6.4.2United Kingdom Industrial Heat Pump Market by Heat Source
10.2.6.4.3United Kingdom Industrial Heat Pump Market by End-user
10.2.6.5Russia Industrial Heat Pump Market
10.2.6.5.1Russia Industrial Heat Pump Market by Power Capacity
10.2.6.5.2Russia Industrial Heat Pump Market by Heat Source
10.2.6.5.3Russia Industrial Heat Pump Market by End-user
10.2.6.6Rest of Europe Industrial Heat Pump Market
10.2.6.6.1Rest of Europe Industrial Heat Pump Market by Power Capacity
10.2.6.6.2Rest of Europe Industrial Heat Pump Market by Heat Source
10.2.6.6.3Rest of Europe Industrial Heat Pump Market by End-user
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Industrial Heat Pump Market Overview
10.3.2Asia-Pacific Industrial Heat Pump Market Forecasts and Analysis
10.3.3Asia-Pacific Industrial Heat Pump Market Forecasts and Analysis - By Power Capacity
10.3.4Asia-Pacific Industrial Heat Pump Market Forecasts and Analysis - By Heat Source
10.3.5Asia-Pacific Industrial Heat Pump Market Forecasts and Analysis - By End-user
10.3.6Asia-Pacific Industrial Heat Pump Market Forecasts and Analysis - By Countries
10.3.6.1Australia Industrial Heat Pump Market
10.3.6.1.1Australia Industrial Heat Pump Market by Power Capacity
10.3.6.1.2Australia Industrial Heat Pump Market by Heat Source
10.3.6.1.3Australia Industrial Heat Pump Market by End-user
10.3.6.2China Industrial Heat Pump Market
10.3.6.2.1China Industrial Heat Pump Market by Power Capacity
10.3.6.2.2China Industrial Heat Pump Market by Heat Source
10.3.6.2.3China Industrial Heat Pump Market by End-user
10.3.6.3India Industrial Heat Pump Market
10.3.6.3.1India Industrial Heat Pump Market by Power Capacity
10.3.6.3.2India Industrial Heat Pump Market by Heat Source
10.3.6.3.3India Industrial Heat Pump Market by End-user
10.3.6.4Japan Industrial Heat Pump Market
10.3.6.4.1Japan Industrial Heat Pump Market by Power Capacity
10.3.6.4.2Japan Industrial Heat Pump Market by Heat Source
10.3.6.4.3Japan Industrial Heat Pump Market by End-user
10.3.6.5Rest of Asia-Pacific Industrial Heat Pump Market
10.3.6.5.1Rest of Asia-Pacific Industrial Heat Pump Market by Power Capacity
10.3.6.5.2Rest of Asia-Pacific Industrial Heat Pump Market by Heat Source
10.3.6.5.3Rest of Asia-Pacific Industrial Heat Pump Market by End-user
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Industrial Heat Pump Market Overview
10.4.2Middle East and Africa Industrial Heat Pump Market Forecasts and Analysis
10.4.3Middle East and Africa Industrial Heat Pump Market Forecasts and Analysis - By Power Capacity
10.4.4Middle East and Africa Industrial Heat Pump Market Forecasts and Analysis - By Heat Source
10.4.5Middle East and Africa Industrial Heat Pump Market Forecasts and Analysis - By End-user
10.4.6Middle East and Africa Industrial Heat Pump Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Industrial Heat Pump Market
10.4.6.1.1South Africa Industrial Heat Pump Market by Power Capacity
10.4.6.1.2South Africa Industrial Heat Pump Market by Heat Source
10.4.6.1.3South Africa Industrial Heat Pump Market by End-user
10.4.6.2Saudi Arabia Industrial Heat Pump Market
10.4.6.2.1Saudi Arabia Industrial Heat Pump Market by Power Capacity
10.4.6.2.2Saudi Arabia Industrial Heat Pump Market by Heat Source
10.4.6.2.3Saudi Arabia Industrial Heat Pump Market by End-user
10.4.6.3U.A.E Industrial Heat Pump Market
10.4.6.3.1U.A.E Industrial Heat Pump Market by Power Capacity
10.4.6.3.2U.A.E Industrial Heat Pump Market by Heat Source
10.4.6.3.3U.A.E Industrial Heat Pump Market by End-user
10.4.6.4Rest of Middle East and Africa Industrial Heat Pump Market
10.4.6.4.1Rest of Middle East and Africa Industrial Heat Pump Market by Power Capacity
10.4.6.4.2Rest of Middle East and Africa Industrial Heat Pump Market by Heat Source
10.4.6.4.3Rest of Middle East and Africa Industrial Heat Pump Market by End-user
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Industrial Heat Pump Market Overview
10.5.2South and Central America Industrial Heat Pump Market Forecasts and Analysis
10.5.3South and Central America Industrial Heat Pump Market Forecasts and Analysis - By Power Capacity
10.5.4South and Central America Industrial Heat Pump Market Forecasts and Analysis - By Heat Source
10.5.5South and Central America Industrial Heat Pump Market Forecasts and Analysis - By End-user
10.5.6South and Central America Industrial Heat Pump Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Industrial Heat Pump Market
10.5.6.1.1Brazil Industrial Heat Pump Market by Power Capacity
10.5.6.1.2Brazil Industrial Heat Pump Market by Heat Source
10.5.6.1.3Brazil Industrial Heat Pump Market by End-user
10.5.6.2Argentina Industrial Heat Pump Market
10.5.6.2.1Argentina Industrial Heat Pump Market by Power Capacity
10.5.6.2.2Argentina Industrial Heat Pump Market by Heat Source
10.5.6.2.3Argentina Industrial Heat Pump Market by End-user
10.5.6.3Rest of South and Central America Industrial Heat Pump Market
10.5.6.3.1Rest of South and Central America Industrial Heat Pump Market by Power Capacity
10.5.6.3.2Rest of South and Central America Industrial Heat Pump Market by Heat Source
10.5.6.3.3Rest of South and Central America Industrial Heat Pump Market by End-user
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.INDUSTRIAL HEAT PUMP MARKET, KEY COMPANY PROFILES
12.1.DAIKIN INDUSTRIES LTD.
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.DANFOSS AS
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.EMERSON ELECTRIC CO.
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.JOHNSON CONTROLS INTERNATIONAL PLC
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.LENNOX INTERNATIONAL INC.
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.MITSUBISHI ELECTRIC CORP.
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.NIBE INDUSTRIER AB
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.RHEEM MANUFACTURING CO.
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.ROBERT BOSCH GMBH
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.UNITED TECHNOLOGIES CORP.
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. Daikin Industries Ltd.
2. Danfoss AS
3. Emerson Electric Co.
4. Johnson Controls International Plc
5. Lennox International Inc.
6. Mitsubishi Electric Corp.
7. NIBE Industrier AB
8. Rheem Manufacturing Co.
9. Robert Bosch GmbH
10. United Technologies Corp.
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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