Leak detection and repair (LDAR) is a system used to check and repair leaking components such as pumps, connectors, valves, agitators, and compressors to minimize the emission of Hazardous Air Pollutants (HAPs) and Volatile Organic Compounds (VOCs). The leak detection and repair managers have to follow procedures such as calibration procedures and method 21 monitoring techniques for ensuring their leak detection and repair routine are compliant with regulatory norms. The rising incidents of oil and gas leakages in pipelines and storage tanks at production facilities is the major driving factor of the global leak detection and repair (LDAR) market.
MARKET DYNAMICS
Many governments rules and regulations on the implementation of leak detection systems among various end-users positively contributing to the growth of the global leak detection and repair (LDAR) market. Moreover, lower installation charges alongside sensitivity in leak detection propel the demand for the global leak detection and repair (LDAR) market. The major restraint factor of the global leak detection and repair (LDAR) market is retrofitting complications in some leak detection systems such as distributed temperature sensing (DTS) and distributed acoustic sensing (DAS) systems based on fiber optics. The rising oil and gas exploration and production activities across the world create opportunities for the global leak detection and repair (LDAR) market in the coming years.
MARKET SCOPE
The Global Leak Detection and Repair (LDAR) Market Analysis to 2031 is a specialized and in-depth study of the leak detection and repair (LDAR) industry with a special focus on the global market trend analysis. The report aims to provide an overview leak detection and repair (LDAR) market with detailed market segmentation as product, technology, and geography. The global leak detection and repair (LDAR) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading leak detection and repair (LDAR) market players and offers key trends and opportunities in the leak detection and repair (LDAR) market.
MARKET SEGMENTATION
The global leak detection and repair (LDAR) market is segmented on the basis of product, technology. On the basis of product the market is segmented as handheld gas detectors, UAV-based detectors, vehicle-based detectors, manned aircraft detectors. On the basis of technology the market is segmented as volatile organic compounds (VOC) analyzer, optical gas imaging (OGI), laser absorption spectroscopy, ambient/mobile leak monitoring, acoustic leak detection, audio-visual-olfactory inspection.
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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) 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 leak detection and repair (LDAR) market in these regions.
MARKET PLAYERS
The reports cover key developments in the leak detection and repair (LDAR) 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 leak detection and repair (LDAR) market are anticipated to lucrative growth opportunities in the future with the rising demand for leak detection and repair (LDAR) in the global market. Below mentioned is the list of few companies engaged in the leak detection and repair (LDAR) market.
The report also includes the profiles of key leak detection and repair (LDAR) 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.
- Aeris Technologies, Inc.
- Atmos International
- Bridger Photonics, Inc.
- Clampon AS
- FLIR Systems Inc
- Fluke Corporation
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- Picarro Inc.
- TTK Leak Detection System
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
1.3.1Leak Detection And Repair (LDAR) Market - By Product
1.3.2Leak Detection And Repair (LDAR) Market - By Technology
1.3.3Leak Detection And Repair (LDAR) Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.LEAK DETECTION AND REPAIR (LDAR) 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.LEAK DETECTION AND REPAIR (LDAR) 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.LEAK DETECTION AND REPAIR (LDAR) MARKET - GLOBAL MARKET ANALYSIS
6.1.LEAK DETECTION AND REPAIR (LDAR) - GLOBAL MARKET OVERVIEW
6.2.LEAK DETECTION AND REPAIR (LDAR) - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.LEAK DETECTION AND REPAIR (LDAR) MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.HANDHELD GAS DETECTORS
7.3.1.Overview
7.3.2.Handheld Gas Detectors Market Forecast and Analysis
7.4.UAV-BASED DETECTORS
7.4.1.Overview
7.4.2.UAV-Based Detectors Market Forecast and Analysis
7.5.VEHICLE-BASED DETECTORS
7.5.1.Overview
7.5.2.Vehicle-based Detectors Market Forecast and Analysis
7.6.MANNED AIRCRAFT DETECTORS
7.6.1.Overview
7.6.2.Manned Aircraft Detectors Market Forecast and Analysis
8.LEAK DETECTION AND REPAIR (LDAR) MARKET - REVENUE AND FORECASTS TO 2028 " TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.VOLATILE ORGANIC COMPOUNDS (VOC) ANALYZER
8.3.1.Overview
8.3.2.Volatile Organic Compounds (VOC) Analyzer Market Forecast and Analysis
8.4.OPTICAL GAS IMAGING (OGI)
8.4.1.Overview
8.4.2.Optical Gas Imaging (OGI) Market Forecast and Analysis
8.5.LASER ABSORPTION SPECTROSCOPY
8.5.1.Overview
8.5.2.Laser Absorption Spectroscopy Market Forecast and Analysis
8.6.AMBIENT/MOBILE LEAK MONITORING
8.6.1.Overview
8.6.2.Ambient/Mobile Leak Monitoring Market Forecast and Analysis
8.7.ACOUSTIC LEAK DETECTION
8.7.1.Overview
8.7.2.Acoustic Leak Detection Market Forecast and Analysis
8.8.AUDIO-VISUAL-OLFACTORY INSPECTION
8.8.1.Overview
8.8.2.Audio-Visual-Olfactory Inspection Market Forecast and Analysis
9.LEAK DETECTION AND REPAIR (LDAR) MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Leak Detection And Repair (LDAR) Market Overview
9.1.2North America Leak Detection And Repair (LDAR) Market Forecasts and Analysis
9.1.3North America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Product
9.1.4North America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Technology
9.1.5North America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Countries
9.1.5.1United States Leak Detection And Repair (LDAR) Market
9.1.5.1.1United States Leak Detection And Repair (LDAR) Market by Product
9.1.5.1.2United States Leak Detection And Repair (LDAR) Market by Technology
9.1.5.2Canada Leak Detection And Repair (LDAR) Market
9.1.5.2.1Canada Leak Detection And Repair (LDAR) Market by Product
9.1.5.2.2Canada Leak Detection And Repair (LDAR) Market by Technology
9.1.5.3Mexico Leak Detection And Repair (LDAR) Market
9.1.5.3.1Mexico Leak Detection And Repair (LDAR) Market by Product
9.1.5.3.2Mexico Leak Detection And Repair (LDAR) Market by Technology
9.2.EUROPE
9.2.1Europe Leak Detection And Repair (LDAR) Market Overview
9.2.2Europe Leak Detection And Repair (LDAR) Market Forecasts and Analysis
9.2.3Europe Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Product
9.2.4Europe Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Technology
9.2.5Europe Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Countries
9.2.5.1Germany Leak Detection And Repair (LDAR) Market
9.2.5.1.1Germany Leak Detection And Repair (LDAR) Market by Product
9.2.5.1.2Germany Leak Detection And Repair (LDAR) Market by Technology
9.2.5.2France Leak Detection And Repair (LDAR) Market
9.2.5.2.1France Leak Detection And Repair (LDAR) Market by Product
9.2.5.2.2France Leak Detection And Repair (LDAR) Market by Technology
9.2.5.3Italy Leak Detection And Repair (LDAR) Market
9.2.5.3.1Italy Leak Detection And Repair (LDAR) Market by Product
9.2.5.3.2Italy Leak Detection And Repair (LDAR) Market by Technology
9.2.5.4United Kingdom Leak Detection And Repair (LDAR) Market
9.2.5.4.1United Kingdom Leak Detection And Repair (LDAR) Market by Product
9.2.5.4.2United Kingdom Leak Detection And Repair (LDAR) Market by Technology
9.2.5.5Russia Leak Detection And Repair (LDAR) Market
9.2.5.5.1Russia Leak Detection And Repair (LDAR) Market by Product
9.2.5.5.2Russia Leak Detection And Repair (LDAR) Market by Technology
9.2.5.6Rest of Europe Leak Detection And Repair (LDAR) Market
9.2.5.6.1Rest of Europe Leak Detection And Repair (LDAR) Market by Product
9.2.5.6.2Rest of Europe Leak Detection And Repair (LDAR) Market by Technology
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Leak Detection And Repair (LDAR) Market Overview
9.3.2Asia-Pacific Leak Detection And Repair (LDAR) Market Forecasts and Analysis
9.3.3Asia-Pacific Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Technology
9.3.5Asia-Pacific Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Countries
9.3.5.1Australia Leak Detection And Repair (LDAR) Market
9.3.5.1.1Australia Leak Detection And Repair (LDAR) Market by Product
9.3.5.1.2Australia Leak Detection And Repair (LDAR) Market by Technology
9.3.5.2China Leak Detection And Repair (LDAR) Market
9.3.5.2.1China Leak Detection And Repair (LDAR) Market by Product
9.3.5.2.2China Leak Detection And Repair (LDAR) Market by Technology
9.3.5.3India Leak Detection And Repair (LDAR) Market
9.3.5.3.1India Leak Detection And Repair (LDAR) Market by Product
9.3.5.3.2India Leak Detection And Repair (LDAR) Market by Technology
9.3.5.4Japan Leak Detection And Repair (LDAR) Market
9.3.5.4.1Japan Leak Detection And Repair (LDAR) Market by Product
9.3.5.4.2Japan Leak Detection And Repair (LDAR) Market by Technology
9.3.5.5South Korea Leak Detection And Repair (LDAR) Market
9.3.5.5.1South Korea Leak Detection And Repair (LDAR) Market by Product
9.3.5.5.2South Korea Leak Detection And Repair (LDAR) Market by Technology
9.3.5.6Rest of Asia-Pacific Leak Detection And Repair (LDAR) Market
9.3.5.6.1Rest of Asia-Pacific Leak Detection And Repair (LDAR) Market by Product
9.3.5.6.2Rest of Asia-Pacific Leak Detection And Repair (LDAR) Market by Technology
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Leak Detection And Repair (LDAR) Market Overview
9.4.2Middle East and Africa Leak Detection And Repair (LDAR) Market Forecasts and Analysis
9.4.3Middle East and Africa Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Technology
9.4.5Middle East and Africa Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Leak Detection And Repair (LDAR) Market
9.4.5.1.1South Africa Leak Detection And Repair (LDAR) Market by Product
9.4.5.1.2South Africa Leak Detection And Repair (LDAR) Market by Technology
9.4.5.2Saudi Arabia Leak Detection And Repair (LDAR) Market
9.4.5.2.1Saudi Arabia Leak Detection And Repair (LDAR) Market by Product
9.4.5.2.2Saudi Arabia Leak Detection And Repair (LDAR) Market by Technology
9.4.5.3U.A.E Leak Detection And Repair (LDAR) Market
9.4.5.3.1U.A.E Leak Detection And Repair (LDAR) Market by Product
9.4.5.3.2U.A.E Leak Detection And Repair (LDAR) Market by Technology
9.4.5.4Rest of Middle East and Africa Leak Detection And Repair (LDAR) Market
9.4.5.4.1Rest of Middle East and Africa Leak Detection And Repair (LDAR) Market by Product
9.4.5.4.2Rest of Middle East and Africa Leak Detection And Repair (LDAR) Market by Technology
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Leak Detection And Repair (LDAR) Market Overview
9.5.2South and Central America Leak Detection And Repair (LDAR) Market Forecasts and Analysis
9.5.3South and Central America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Product
9.5.4South and Central America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Technology
9.5.5South and Central America Leak Detection And Repair (LDAR) Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Leak Detection And Repair (LDAR) Market
9.5.5.1.1Brazil Leak Detection And Repair (LDAR) Market by Product
9.5.5.1.2Brazil Leak Detection And Repair (LDAR) Market by Technology
9.5.5.2Argentina Leak Detection And Repair (LDAR) Market
9.5.5.2.1Argentina Leak Detection And Repair (LDAR) Market by Product
9.5.5.2.2Argentina Leak Detection And Repair (LDAR) Market by Technology
9.5.5.3Rest of South and Central America Leak Detection And Repair (LDAR) Market
9.5.5.3.1Rest of South and Central America Leak Detection And Repair (LDAR) Market by Product
9.5.5.3.2Rest of South and Central America Leak Detection And Repair (LDAR) Market by Technology
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.LEAK DETECTION AND REPAIR (LDAR) MARKET, KEY COMPANY PROFILES
11.1.AERIS TECHNOLOGIES, 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.ATMOS INTERNATIONAL
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.BRIDGER PHOTONICS, INC.
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.CLAMPON AS
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.FLIR SYSTEMS INC
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.FLUKE CORPORATION
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.HONEYWELL INTERNATIONAL INC.
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.KROHNE MESSTECHNIK GMBH
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.PICARRO INC.
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.TTK LEAK DETECTION SYSTEM
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
1. Aeris Technologies, Inc.
2. Atmos International
3. Bridger Photonics, Inc.
4. Clampon AS
5. FLIR Systems Inc
6. Fluke Corporation
7. Honeywell International Inc.
8. KROHNE Messtechnik GmbH
9. Picarro Inc.
10. TTK Leak Detection System
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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