Long Duration Energy Storage System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
An energy storage system is a system used for storing electric energy when needed and for releasing it when required. These systems play a pivotal role in the operation of power systems. They optimize the system reliability and ensure continuity of energy supply. A long duration energy storage system is generally referred to as a storage system, consisting at least 10 hours of stored energy. In other words, it can be stated as a storage system that has enough stored energy to provide form capacity to the grid. LDES (Long Duration Energy Storage) is growing rapidly as a potential means of enabling affordable, dependable electricity while also supporting power system decarbonization.
MARKET SCOPE
The "Global Long duration energy storage system Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Long duration energy storage system market with detailed market segmentation by technology, application, and geography. The global Long duration energy storage system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Long duration energy storage system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global Long duration energy storage system market is segmented on the basis of technology, and application.
- On the basis of technology, the Long duration energy storage system market is segmented into pumped hydro storage.
- Similarly, on the basis of application the Long duration energy storage system market is bifurcated into power plat, process industry.
MARKET DYNAMICS
Drivers:
- Surge in the demand for local, clean, affordable, and resilient backup power, led by increase in the occurrence of extreme weather events such as fires and windstorms, is estimated to propel the global long duration energy storage system market during the forecast period.
- Moreover, the rising demand for local, clean, inexpensive, and resilient backup power, driven by an increase in extreme weather events such as fires and windstorms, is expected to propel the global long duration energy storage system market in the coming years.
Restraints:
- The complexity in deployment planning of long duration energy storage system.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Long duration energy storage system oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the Long duration energy storage system oil market in these regions.
IMPACT OF COVID-19 ON LONG DURATION ENERGY STORAGE SYSTEM MARKET
The growth of the utility applications has been hampered by the abrupt breakout of a novel COVID-19. In 2020, the number of scheduled projects that includes the deployment long duration energy storage systems were temporarily shut amidst the pandemic. In addition, the shutdown of manufacturing facilities globally in the first and second quarters of 2020 further led to decline in the market's growth. However, as more energy storage systems are installed in operational projects and the government places, a greater emphasis on modernizing the electricity sector, long duration energy storage systems are expected to rise in the coming years.
However, the negative impact of COVID-19 on the long duration energy storage system market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for long duration energy storage system products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain.
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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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Long duration energy storage system oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the Long duration energy storage system oil market in these regions.
IMPACT OF COVID-19 ON LONG DURATION ENERGY STORAGE SYSTEM MARKET
The growth of the utility applications has been hampered by the abrupt breakout of a novel COVID-19. In 2020, the number of scheduled projects that includes the deployment long duration energy storage systems were temporarily shut amidst the pandemic. In addition, the shutdown of manufacturing facilities globally in the first and second quarters of 2020 further led to decline in the market's growth. However, as more energy storage systems are installed in operational projects and the government places, a greater emphasis on modernizing the electricity sector, long duration energy storage systems are expected to rise in the coming years.
However, the negative impact of COVID-19 on the long duration energy storage system market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for long duration energy storage system products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain.
MARKET PLAYERS
The report covers key developments in the Long duration energy storage system oil market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Long duration energy storage system oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Long duration energy storage system market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Long duration energy storage system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ess Inc.
- Highview Power
- Hydrostor Inc.
- ITM Power
- Lockheed Martin Corporation
- Vionx Energy Corporation
- ENERGY VAULT
- VRB ENERGY
- Primus Power
- Yara
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](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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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 Long Duration Energy Storage System Market - By Technology
1.3.2 Long Duration Energy Storage System Market - By Application
1.3.3 Long Duration Energy Storage System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LONG DURATION ENERGY STORAGE SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LONG DURATION ENERGY STORAGE SYSTEM 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. LONG DURATION ENERGY STORAGE SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. LONG DURATION ENERGY STORAGE SYSTEM - GLOBAL MARKET OVERVIEW
6.2. LONG DURATION ENERGY STORAGE SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LONG DURATION ENERGY STORAGE SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. PUMPED HYDRO STORAGE
7.3.1. Overview
7.3.2. Pumped Hydro Storage Market Forecast and Analysis
7.4. FLOW BATTERIES ENERGY STORAGE
7.4.1. Overview
7.4.2. Flow Batteries Energy Storage Market Forecast and Analysis
8. LONG DURATION ENERGY STORAGE SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POWER PLANT
8.3.1. Overview
8.3.2. Power Plant Market Forecast and Analysis
8.4. PROCESS INDUSTRY
8.4.1. Overview
8.4.2. Process Industry Market Forecast and Analysis
9. LONG DURATION ENERGY STORAGE SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Long Duration Energy Storage System Market Overview
9.1.2 North America Long Duration Energy Storage System Market Forecasts and Analysis
9.1.3 North America Long Duration Energy Storage System Market Forecasts and Analysis - By Technology
9.1.4 North America Long Duration Energy Storage System Market Forecasts and Analysis - By Application
9.1.5 North America Long Duration Energy Storage System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Long Duration Energy Storage System Market
9.1.5.1.1 United States Long Duration Energy Storage System Market by Technology
9.1.5.1.2 United States Long Duration Energy Storage System Market by Application
9.1.5.2 Canada Long Duration Energy Storage System Market
9.1.5.2.1 Canada Long Duration Energy Storage System Market by Technology
9.1.5.2.2 Canada Long Duration Energy Storage System Market by Application
9.1.5.3 Mexico Long Duration Energy Storage System Market
9.1.5.3.1 Mexico Long Duration Energy Storage System Market by Technology
9.1.5.3.2 Mexico Long Duration Energy Storage System Market by Application
9.2. EUROPE
9.2.1 Europe Long Duration Energy Storage System Market Overview
9.2.2 Europe Long Duration Energy Storage System Market Forecasts and Analysis
9.2.3 Europe Long Duration Energy Storage System Market Forecasts and Analysis - By Technology
9.2.4 Europe Long Duration Energy Storage System Market Forecasts and Analysis - By Application
9.2.5 Europe Long Duration Energy Storage System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Long Duration Energy Storage System Market
9.2.5.1.1 Germany Long Duration Energy Storage System Market by Technology
9.2.5.1.2 Germany Long Duration Energy Storage System Market by Application
9.2.5.2 France Long Duration Energy Storage System Market
9.2.5.2.1 France Long Duration Energy Storage System Market by Technology
9.2.5.2.2 France Long Duration Energy Storage System Market by Application
9.2.5.3 Italy Long Duration Energy Storage System Market
9.2.5.3.1 Italy Long Duration Energy Storage System Market by Technology
9.2.5.3.2 Italy Long Duration Energy Storage System Market by Application
9.2.5.4 United Kingdom Long Duration Energy Storage System Market
9.2.5.4.1 United Kingdom Long Duration Energy Storage System Market by Technology
9.2.5.4.2 United Kingdom Long Duration Energy Storage System Market by Application
9.2.5.5 Russia Long Duration Energy Storage System Market
9.2.5.5.1 Russia Long Duration Energy Storage System Market by Technology
9.2.5.5.2 Russia Long Duration Energy Storage System Market by Application
9.2.5.6 Rest of Europe Long Duration Energy Storage System Market
9.2.5.6.1 Rest of Europe Long Duration Energy Storage System Market by Technology
9.2.5.6.2 Rest of Europe Long Duration Energy Storage System Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Long Duration Energy Storage System Market Overview
9.3.2 Asia-Pacific Long Duration Energy Storage System Market Forecasts and Analysis
9.3.3 Asia-Pacific Long Duration Energy Storage System Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Long Duration Energy Storage System Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Long Duration Energy Storage System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Long Duration Energy Storage System Market
9.3.5.1.1 Australia Long Duration Energy Storage System Market by Technology
9.3.5.1.2 Australia Long Duration Energy Storage System Market by Application
9.3.5.2 China Long Duration Energy Storage System Market
9.3.5.2.1 China Long Duration Energy Storage System Market by Technology
9.3.5.2.2 China Long Duration Energy Storage System Market by Application
9.3.5.3 India Long Duration Energy Storage System Market
9.3.5.3.1 India Long Duration Energy Storage System Market by Technology
9.3.5.3.2 India Long Duration Energy Storage System Market by Application
9.3.5.4 Japan Long Duration Energy Storage System Market
9.3.5.4.1 Japan Long Duration Energy Storage System Market by Technology
9.3.5.4.2 Japan Long Duration Energy Storage System Market by Application
9.3.5.5 South Korea Long Duration Energy Storage System Market
9.3.5.5.1 South Korea Long Duration Energy Storage System Market by Technology
9.3.5.5.2 South Korea Long Duration Energy Storage System Market by Application
9.3.5.6 Rest of Asia-Pacific Long Duration Energy Storage System Market
9.3.5.6.1 Rest of Asia-Pacific Long Duration Energy Storage System Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Long Duration Energy Storage System Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Long Duration Energy Storage System Market Overview
9.4.2 Middle East and Africa Long Duration Energy Storage System Market Forecasts and Analysis
9.4.3 Middle East and Africa Long Duration Energy Storage System Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Long Duration Energy Storage System Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Long Duration Energy Storage System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Long Duration Energy Storage System Market
9.4.5.1.1 South Africa Long Duration Energy Storage System Market by Technology
9.4.5.1.2 South Africa Long Duration Energy Storage System Market by Application
9.4.5.2 Saudi Arabia Long Duration Energy Storage System Market
9.4.5.2.1 Saudi Arabia Long Duration Energy Storage System Market by Technology
9.4.5.2.2 Saudi Arabia Long Duration Energy Storage System Market by Application
9.4.5.3 U.A.E Long Duration Energy Storage System Market
9.4.5.3.1 U.A.E Long Duration Energy Storage System Market by Technology
9.4.5.3.2 U.A.E Long Duration Energy Storage System Market by Application
9.4.5.4 Rest of Middle East and Africa Long Duration Energy Storage System Market
9.4.5.4.1 Rest of Middle East and Africa Long Duration Energy Storage System Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Long Duration Energy Storage System Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Long Duration Energy Storage System Market Overview
9.5.2 South and Central America Long Duration Energy Storage System Market Forecasts and Analysis
9.5.3 South and Central America Long Duration Energy Storage System Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Long Duration Energy Storage System Market Forecasts and Analysis - By Application
9.5.5 South and Central America Long Duration Energy Storage System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Long Duration Energy Storage System Market
9.5.5.1.1 Brazil Long Duration Energy Storage System Market by Technology
9.5.5.1.2 Brazil Long Duration Energy Storage System Market by Application
9.5.5.2 Argentina Long Duration Energy Storage System Market
9.5.5.2.1 Argentina Long Duration Energy Storage System Market by Technology
9.5.5.2.2 Argentina Long Duration Energy Storage System Market by Application
9.5.5.3 Rest of South and Central America Long Duration Energy Storage System Market
9.5.5.3.1 Rest of South and Central America Long Duration Energy Storage System Market by Technology
9.5.5.3.2 Rest of South and Central America Long Duration Energy Storage System Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LONG DURATION ENERGY STORAGE SYSTEM MARKET, KEY COMPANY PROFILES
11.1. ESS 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. HIGHVIEW POWER
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. HYDROSTOR 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. ITM POWER
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. LOCKHEED MARTIN CORPORATION
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. VIONX ENERGY 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. ENERGY VAULT
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. VRB ENERGY
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. PRIMUS POWER
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. YARA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Ess Inc.
2.Highview Power
3.Hydrostor Inc.
4.ITM Power
5.Lockheed Martin Corporation
6.Vionx Energy Corporation
7.ENERGY VAULT
8.VRB ENERGY
9.Primus Power
10.Yara
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.