Insulated Storage Vessels Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Insulated Storage Vessels are specialized containers that store and preserve products at a desired temperature. They are utilized in various industries, such as pharmaceuticals, food and beverage, and chemicals. The insulation helps maintain the stored product's temperature stability, preserving its quality and extending its shelf life. Insulated Storage Vessels can be made of different materials, such as steel, plastic, and fiberglass, and come in various sizes, capacities, and designs to suit the specific requirements of each industry. The growing demand for safe and efficient storage solutions across multiple sectors is driving the growth of the Insulated Storage Vessels market.
MARKET DYNAMICS
The industrial usage insulated storage vessel is utilized for storing various chemicals, liquids, materials etc. at various temperature levels. The key driving industries for insulated storage vessels are food, chemical, pharmaceutical, dairy etc. Growing industrialization in various developing nations has created a big opportunity for the insulated storage vessels market.
MARKET SCOPE
The "Global Insulated Storage Vessels Market Analysis to 2031" is a specialized and in-depth study of the insulated storage vessels market with a special focus on the global market trend analysis. The report aims to provide an overview of insulated storage vessels market with detailed market segmentation by type, insulation material, commercial application and geography. The global insulated storage vessels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading insulated storage vessels market players and offers key trends and opportunities in the insulated storage vessels market.
MARKET SEGMENTATION
The global insulated storage vessels market is segmented on the basis of type, insulation material and commercial application. On the basis of type, the market is segmented as pressure vessels, process vessels, storage tanks, chemical vessels, reaction vessels, jacketed vessels, Ms vessels and industrial vessels. On the basis of insulation material, the market is segmented as polyurethane foam, mineral wool, expanded polystyrene, vacuum insulation panels, mineral wood, rockwool and rubber. On the basis of commercial application, the market is segmented as chemical, oil and gas, food and beverage, dairy, energy and power, agricultural application, water treatment and sanitary.
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 insulated storage vessels market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The insulated storage vessels 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 insulated storage vessels 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 insulated storage vessels 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 insulated storage vessels market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The insulated storage vessels 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 insulated storage vessels 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 insulated storage vessels market in these regions.
MARKET PLAYERS
The reports cover key developments in the insulated storage vessels 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 insulated storage vessels market are anticipated to lucrative growth opportunities in the future with the rising demand for insulated storage vessels market. Below mentioned is the list of few companies engaged in the insulated storage vessels market.
The report also includes the profiles of key insulated storage vessels 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.
- Comap S.r.l.
- Della Toffola SpA
- Fletcher European
- Indian Oil Corporation Ltd.
- Kingspan Group
- Müller Group
- Pneumatech MGS
- Toro Equipment
- Wärtsilä
- Werner Sölken
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 Insulated Storage Vessels Market - By Type
1.3.2 Insulated Storage Vessels Market - By Insulation material
1.3.3 Insulated Storage Vessels Market - By Commercial application
1.3.4 Insulated Storage Vessels Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INSULATED STORAGE VESSELS 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INSULATED STORAGE VESSELS 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. INSULATED STORAGE VESSELS MARKET - GLOBAL MARKET ANALYSIS
6.1. INSULATED STORAGE VESSELS - GLOBAL MARKET OVERVIEW
6.2. INSULATED STORAGE VESSELS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INSULATED STORAGE VESSELS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PRESSURE VESSEL
7.3.1. Overview
7.3.2. Pressure vessel Market Forecast and Analysis
7.4. PROCESS VESSEL
7.4.1. Overview
7.4.2. Process vessel Market Forecast and Analysis
7.5. STORAGE TANK
7.5.1. Overview
7.5.2. Storage tank Market Forecast and Analysis
7.6. CHEMICAL VESSEL
7.6.1. Overview
7.6.2. Chemical vessel Market Forecast and Analysis
7.7. REACTION VESSEL
7.7.1. Overview
7.7.2. Reaction vessel Market Forecast and Analysis
7.8. JACKETED VESSEL
7.8.1. Overview
7.8.2. Jacketed vessel Market Forecast and Analysis
7.9. MS VESSEL
7.9.1. Overview
7.9.2. Ms vessel Market Forecast and Analysis
7.10. INDUSTRIAL VESSEL
7.10.1. Overview
7.10.2. Industrial vessel Market Forecast and Analysis
8. INSULATED STORAGE VESSELS MARKET - REVENUE AND FORECASTS TO 2028 - INSULATION MATERIAL
8.1. OVERVIEW
8.2. INSULATION MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. POLYURETHANE FOAM
8.3.1. Overview
8.3.2. Polyurethane foam Market Forecast and Analysis
8.4. MINERAL WOOL
8.4.1. Overview
8.4.2. Mineral wool Market Forecast and Analysis
8.5. EXPANDED POLYSTYRENE
8.5.1. Overview
8.5.2. Expanded Polystyrene Market Forecast and Analysis
8.6. VACUUM INSULATION PANEL
8.6.1. Overview
8.6.2. Vacuum insulation panel Market Forecast and Analysis
8.7. MINERAL WOOD
8.7.1. Overview
8.7.2. Mineral wood Market Forecast and Analysis
8.8. ROCKWOOL
8.8.1. Overview
8.8.2. Rockwool Market Forecast and Analysis
8.9. RUBBER
8.9.1. Overview
8.9.2. Rubber Market Forecast and Analysis
9. INSULATED STORAGE VESSELS MARKET - REVENUE AND FORECASTS TO 2028 - COMMERCIAL APPLICATION
9.1. OVERVIEW
9.2. COMMERCIAL APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CHEMICAL
9.3.1. Overview
9.3.2. Chemical Market Forecast and Analysis
9.4. OIL AND GAS
9.4.1. Overview
9.4.2. Oil and Gas Market Forecast and Analysis
9.5. FOOD AND BEVERAGE
9.5.1. Overview
9.5.2. Food and Beverage Market Forecast and Analysis
9.6. DAIRY
9.6.1. Overview
9.6.2. Dairy Market Forecast and Analysis
9.7. ENERGY AND POWER
9.7.1. Overview
9.7.2. Energy and Power Market Forecast and Analysis
9.8. AGRICULTURAL APPLICATION
9.8.1. Overview
9.8.2. Agricultural application Market Forecast and Analysis
9.9. WATER TREATMENT
9.9.1. Overview
9.9.2. Water treatment Market Forecast and Analysis
9.10. SANITARY
9.10.1. Overview
9.10.2. Sanitary Market Forecast and Analysis
10. INSULATED STORAGE VESSELS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Insulated Storage Vessels Market Overview
10.1.2 North America Insulated Storage Vessels Market Forecasts and Analysis
10.1.3 North America Insulated Storage Vessels Market Forecasts and Analysis - By Type
10.1.4 North America Insulated Storage Vessels Market Forecasts and Analysis - By Insulation material
10.1.5 North America Insulated Storage Vessels Market Forecasts and Analysis - By Commercial application
10.1.6 North America Insulated Storage Vessels Market Forecasts and Analysis - By Countries
10.1.6.1 United States Insulated Storage Vessels Market
10.1.6.1.1 United States Insulated Storage Vessels Market by Type
10.1.6.1.2 United States Insulated Storage Vessels Market by Insulation material
10.1.6.1.3 United States Insulated Storage Vessels Market by Commercial application
10.1.6.2 Canada Insulated Storage Vessels Market
10.1.6.2.1 Canada Insulated Storage Vessels Market by Type
10.1.6.2.2 Canada Insulated Storage Vessels Market by Insulation material
10.1.6.2.3 Canada Insulated Storage Vessels Market by Commercial application
10.1.6.3 Mexico Insulated Storage Vessels Market
10.1.6.3.1 Mexico Insulated Storage Vessels Market by Type
10.1.6.3.2 Mexico Insulated Storage Vessels Market by Insulation material
10.1.6.3.3 Mexico Insulated Storage Vessels Market by Commercial application
10.2. EUROPE
10.2.1 Europe Insulated Storage Vessels Market Overview
10.2.2 Europe Insulated Storage Vessels Market Forecasts and Analysis
10.2.3 Europe Insulated Storage Vessels Market Forecasts and Analysis - By Type
10.2.4 Europe Insulated Storage Vessels Market Forecasts and Analysis - By Insulation material
10.2.5 Europe Insulated Storage Vessels Market Forecasts and Analysis - By Commercial application
10.2.6 Europe Insulated Storage Vessels Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Insulated Storage Vessels Market
10.2.6.1.1 Germany Insulated Storage Vessels Market by Type
10.2.6.1.2 Germany Insulated Storage Vessels Market by Insulation material
10.2.6.1.3 Germany Insulated Storage Vessels Market by Commercial application
10.2.6.2 France Insulated Storage Vessels Market
10.2.6.2.1 France Insulated Storage Vessels Market by Type
10.2.6.2.2 France Insulated Storage Vessels Market by Insulation material
10.2.6.2.3 France Insulated Storage Vessels Market by Commercial application
10.2.6.3 Italy Insulated Storage Vessels Market
10.2.6.3.1 Italy Insulated Storage Vessels Market by Type
10.2.6.3.2 Italy Insulated Storage Vessels Market by Insulation material
10.2.6.3.3 Italy Insulated Storage Vessels Market by Commercial application
10.2.6.4 United Kingdom Insulated Storage Vessels Market
10.2.6.4.1 United Kingdom Insulated Storage Vessels Market by Type
10.2.6.4.2 United Kingdom Insulated Storage Vessels Market by Insulation material
10.2.6.4.3 United Kingdom Insulated Storage Vessels Market by Commercial application
10.2.6.5 Russia Insulated Storage Vessels Market
10.2.6.5.1 Russia Insulated Storage Vessels Market by Type
10.2.6.5.2 Russia Insulated Storage Vessels Market by Insulation material
10.2.6.5.3 Russia Insulated Storage Vessels Market by Commercial application
10.2.6.6 Rest of Europe Insulated Storage Vessels Market
10.2.6.6.1 Rest of Europe Insulated Storage Vessels Market by Type
10.2.6.6.2 Rest of Europe Insulated Storage Vessels Market by Insulation material
10.2.6.6.3 Rest of Europe Insulated Storage Vessels Market by Commercial application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Insulated Storage Vessels Market Overview
10.3.2 Asia-Pacific Insulated Storage Vessels Market Forecasts and Analysis
10.3.3 Asia-Pacific Insulated Storage Vessels Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Insulated Storage Vessels Market Forecasts and Analysis - By Insulation material
10.3.5 Asia-Pacific Insulated Storage Vessels Market Forecasts and Analysis - By Commercial application
10.3.6 Asia-Pacific Insulated Storage Vessels Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Insulated Storage Vessels Market
10.3.6.1.1 Australia Insulated Storage Vessels Market by Type
10.3.6.1.2 Australia Insulated Storage Vessels Market by Insulation material
10.3.6.1.3 Australia Insulated Storage Vessels Market by Commercial application
10.3.6.2 China Insulated Storage Vessels Market
10.3.6.2.1 China Insulated Storage Vessels Market by Type
10.3.6.2.2 China Insulated Storage Vessels Market by Insulation material
10.3.6.2.3 China Insulated Storage Vessels Market by Commercial application
10.3.6.3 India Insulated Storage Vessels Market
10.3.6.3.1 India Insulated Storage Vessels Market by Type
10.3.6.3.2 India Insulated Storage Vessels Market by Insulation material
10.3.6.3.3 India Insulated Storage Vessels Market by Commercial application
10.3.6.4 Japan Insulated Storage Vessels Market
10.3.6.4.1 Japan Insulated Storage Vessels Market by Type
10.3.6.4.2 Japan Insulated Storage Vessels Market by Insulation material
10.3.6.4.3 Japan Insulated Storage Vessels Market by Commercial application
10.3.6.5 South Korea Insulated Storage Vessels Market
10.3.6.5.1 South Korea Insulated Storage Vessels Market by Type
10.3.6.5.2 South Korea Insulated Storage Vessels Market by Insulation material
10.3.6.5.3 South Korea Insulated Storage Vessels Market by Commercial application
10.3.6.6 Rest of Asia-Pacific Insulated Storage Vessels Market
10.3.6.6.1 Rest of Asia-Pacific Insulated Storage Vessels Market by Type
10.3.6.6.2 Rest of Asia-Pacific Insulated Storage Vessels Market by Insulation material
10.3.6.6.3 Rest of Asia-Pacific Insulated Storage Vessels Market by Commercial application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Insulated Storage Vessels Market Overview
10.4.2 Middle East and Africa Insulated Storage Vessels Market Forecasts and Analysis
10.4.3 Middle East and Africa Insulated Storage Vessels Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Insulated Storage Vessels Market Forecasts and Analysis - By Insulation material
10.4.5 Middle East and Africa Insulated Storage Vessels Market Forecasts and Analysis - By Commercial application
10.4.6 Middle East and Africa Insulated Storage Vessels Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Insulated Storage Vessels Market
10.4.6.1.1 South Africa Insulated Storage Vessels Market by Type
10.4.6.1.2 South Africa Insulated Storage Vessels Market by Insulation material
10.4.6.1.3 South Africa Insulated Storage Vessels Market by Commercial application
10.4.6.2 Saudi Arabia Insulated Storage Vessels Market
10.4.6.2.1 Saudi Arabia Insulated Storage Vessels Market by Type
10.4.6.2.2 Saudi Arabia Insulated Storage Vessels Market by Insulation material
10.4.6.2.3 Saudi Arabia Insulated Storage Vessels Market by Commercial application
10.4.6.3 U.A.E Insulated Storage Vessels Market
10.4.6.3.1 U.A.E Insulated Storage Vessels Market by Type
10.4.6.3.2 U.A.E Insulated Storage Vessels Market by Insulation material
10.4.6.3.3 U.A.E Insulated Storage Vessels Market by Commercial application
10.4.6.4 Rest of Middle East and Africa Insulated Storage Vessels Market
10.4.6.4.1 Rest of Middle East and Africa Insulated Storage Vessels Market by Type
10.4.6.4.2 Rest of Middle East and Africa Insulated Storage Vessels Market by Insulation material
10.4.6.4.3 Rest of Middle East and Africa Insulated Storage Vessels Market by Commercial application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Insulated Storage Vessels Market Overview
10.5.2 South and Central America Insulated Storage Vessels Market Forecasts and Analysis
10.5.3 South and Central America Insulated Storage Vessels Market Forecasts and Analysis - By Type
10.5.4 South and Central America Insulated Storage Vessels Market Forecasts and Analysis - By Insulation material
10.5.5 South and Central America Insulated Storage Vessels Market Forecasts and Analysis - By Commercial application
10.5.6 South and Central America Insulated Storage Vessels Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Insulated Storage Vessels Market
10.5.6.1.1 Brazil Insulated Storage Vessels Market by Type
10.5.6.1.2 Brazil Insulated Storage Vessels Market by Insulation material
10.5.6.1.3 Brazil Insulated Storage Vessels Market by Commercial application
10.5.6.2 Argentina Insulated Storage Vessels Market
10.5.6.2.1 Argentina Insulated Storage Vessels Market by Type
10.5.6.2.2 Argentina Insulated Storage Vessels Market by Insulation material
10.5.6.2.3 Argentina Insulated Storage Vessels Market by Commercial application
10.5.6.3 Rest of South and Central America Insulated Storage Vessels Market
10.5.6.3.1 Rest of South and Central America Insulated Storage Vessels Market by Type
10.5.6.3.2 Rest of South and Central America Insulated Storage Vessels Market by Insulation material
10.5.6.3.3 Rest of South and Central America Insulated Storage Vessels Market by Commercial application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. INSULATED STORAGE VESSELS MARKET, KEY COMPANY PROFILES
12.1. COMAP S.R.L.
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. DELLA TOFFOLA SPA
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. FLETCHER EUROPEAN
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. INDIAN OIL CORPORATION LTD.
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. KINGSPAN GROUP
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. MüLLER GROUP
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. PNEUMATECH MGS
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. TORO EQUIPMENT
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. WäRTSILä
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. WERNER SöLKEN
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. Comap S.r.l.
2. Della Toffola SpA
3. Fletcher European
4. Indian Oil Corporation Ltd.
5. Kingspan Group
6. Müller Group
7. Pneumatech MGS
8. Toro Equipment
9. Wärtsilä
10. Werner Sölken
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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