Microbial Enhanced Oil Recovery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Microbial Enhanced Oil Recovery Market covers analysis By Type (Cyclic Microbial Recovery, Microbial Flooding Recovery, Microbial Selective Plugging); Application (Onshore, Offshore) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021466
  • Category : Energy and Power
  • No. of Pages : 150
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Microbial Enhanced Oil Recovery Market Key Players Analysis 2031

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MARKET INTRODUCTION

MEOR (microbial enhanced oil recovery) is a biological technology that manipulates the role, structure, or both of microbial environments found in oil reservoirs. Microbial enhanced oil recovery ultimate goal is to maximize economic profits by improving oil recovery from reservoirs. Microbial enhanced oil recovery is a form of tertiary oil extraction that allows for partial oil recovery, extending the life of mature oil reservoirs. This is accomplished by altering the reservoir's interfacial properties, which aid in oil movement. The remaining oil's fluidity and displacement efficiency are affected by microbial activity in such a system.

MARKET DYNAMICS

The rapid growth of industrialization and urbanization, as well as the decline in production from existing oil fields and the increasing number of matured oil wells, has resulted in an increase in the use of microbial enhanced oil recovery techniques. According to studies, residual oil accounts for about 67 percent of total oil reserves. MEOR techniques are used to retrieve this residual oil, and oil companies have begun to use these methods for crude oil production. Since Microbial enhanced oil recovery market technology is extremely cost-effective, it has gained widespread acceptance around the world. This technology can recover up to 50% of the residual oil at an extremely low operating cost. Microbial enhanced oil recovery market, on the other hand, is ineffective when there are temperature differences between layers of an oil field. Temperatures below 82 degrees Celsius are ideal for microorganism growth. Since temperatures are much higher at depths, the MEOR technique is less reliable, which could act as a stifling factor for the microbial enhanced oil recovery market.

MARKET SCOPE

The "Global Microbial Enhanced Oil Recovery Market Analysis To 2031" is a specialized and in-depth study of energy and power industry with a special focus on the global market trend analysis. The microbial enhanced oil recovery market report aims to provide an overview of the microbial enhanced oil recovery market with detailed market segmentation by type, application, and geography. The global microbial enhanced oil recovery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading microbial enhanced oil recovery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global microbial enhanced oil recovery market is segmented on the basis of type, and application. Based on type, the microbial enhanced oil recovery market is segmented into: cyclic microbial recovery, microbial flooding recovery, and microbial selective plugging. On the basis of application, the microbial enhanced oil recovery market is segmented as onshore, and offshore.

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 microbial enhanced oil recovery 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 microbial enhanced oil recovery 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 microbial enhanced oil recovery 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 all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the microbial enhanced oil recovery market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global microbial enhanced oil recovery 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 microbial enhanced oil recovery 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 microbial enhanced oil recovery 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 all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the microbial enhanced oil recovery market in these regions.

MARKET PLAYERS

The reports cover key developments in the microbial enhanced oil recovery 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 the expansion of business and customer base of market players. The market players from microbial enhanced oil recovery market are anticipated to lucrative growth opportunities in the future with the rising demand for microbial enhanced oil recovery in the global market. Below mentioned is the list of few companies engaged in the microbial enhanced oil recovery market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the microbial enhanced oil recovery 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.

  •   bp p.l.c.
  •   ConocoPhillips Company.
  •   Chemiphase Ltd.,
  •   National Energy Services Reunited Corp.
  •   DuPont
  •   Micro-Bac International.
  •   Microbial Energy Inc.
  •   RAM Biochemicals, Inc.
  •   Royal Dutch Shell
  •   Titan Oil Recovery, Inc.

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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 Microbial Enhanced Oil Recovery Market - By Type
1.3.2 Microbial Enhanced Oil Recovery Market - By Application
1.3.3 Microbial Enhanced Oil Recovery Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MICROBIAL ENHANCED OIL RECOVERY 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. MICROBIAL ENHANCED OIL RECOVERY 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. MICROBIAL ENHANCED OIL RECOVERY MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROBIAL ENHANCED OIL RECOVERY - GLOBAL MARKET OVERVIEW
6.2. MICROBIAL ENHANCED OIL RECOVERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MICROBIAL ENHANCED OIL RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CYCLIC MICROBIAL RECOVERY
7.3.1. Overview
7.3.2. Cyclic Microbial Recovery Market Forecast and Analysis
7.4. MICROBIAL FLOODING RECOVERY
7.4.1. Overview
7.4.2. Microbial Flooding Recovery Market Forecast and Analysis
7.5. MICROBIAL SELECTIVE PLUGGING
7.5.1. Overview
7.5.2. Microbial Selective Plugging Market Forecast and Analysis
8. MICROBIAL ENHANCED OIL RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE
8.3.1. Overview
8.3.2. Onshore Market Forecast and Analysis
8.4. OFFSHORE
8.4.1. Overview
8.4.2. Offshore Market Forecast and Analysis

9. MICROBIAL ENHANCED OIL RECOVERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Microbial Enhanced Oil Recovery Market Overview
9.1.2 North America Microbial Enhanced Oil Recovery Market Forecasts and Analysis
9.1.3 North America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Type
9.1.4 North America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.1.5 North America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.1.5.1 United States Microbial Enhanced Oil Recovery Market
9.1.5.1.1 United States Microbial Enhanced Oil Recovery Market by Type
9.1.5.1.2 United States Microbial Enhanced Oil Recovery Market by Application
9.1.5.2 Canada Microbial Enhanced Oil Recovery Market
9.1.5.2.1 Canada Microbial Enhanced Oil Recovery Market by Type
9.1.5.2.2 Canada Microbial Enhanced Oil Recovery Market by Application
9.1.5.3 Mexico Microbial Enhanced Oil Recovery Market
9.1.5.3.1 Mexico Microbial Enhanced Oil Recovery Market by Type
9.1.5.3.2 Mexico Microbial Enhanced Oil Recovery Market by Application
9.2. EUROPE
9.2.1 Europe Microbial Enhanced Oil Recovery Market Overview
9.2.2 Europe Microbial Enhanced Oil Recovery Market Forecasts and Analysis
9.2.3 Europe Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Type
9.2.4 Europe Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.2.5 Europe Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Microbial Enhanced Oil Recovery Market
9.2.5.1.1 Germany Microbial Enhanced Oil Recovery Market by Type
9.2.5.1.2 Germany Microbial Enhanced Oil Recovery Market by Application
9.2.5.2 France Microbial Enhanced Oil Recovery Market
9.2.5.2.1 France Microbial Enhanced Oil Recovery Market by Type
9.2.5.2.2 France Microbial Enhanced Oil Recovery Market by Application
9.2.5.3 Italy Microbial Enhanced Oil Recovery Market
9.2.5.3.1 Italy Microbial Enhanced Oil Recovery Market by Type
9.2.5.3.2 Italy Microbial Enhanced Oil Recovery Market by Application
9.2.5.4 United Kingdom Microbial Enhanced Oil Recovery Market
9.2.5.4.1 United Kingdom Microbial Enhanced Oil Recovery Market by Type
9.2.5.4.2 United Kingdom Microbial Enhanced Oil Recovery Market by Application
9.2.5.5 Rest of Europe Microbial Enhanced Oil Recovery Market
9.2.5.5.1 Rest of Europe Microbial Enhanced Oil Recovery Market by Type
9.2.5.5.2 Rest of Europe Microbial Enhanced Oil Recovery Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Microbial Enhanced Oil Recovery Market Overview
9.3.2 Asia-Pacific Microbial Enhanced Oil Recovery Market Forecasts and Analysis
9.3.3 Asia-Pacific Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Microbial Enhanced Oil Recovery Market
9.3.5.1.1 Australia Microbial Enhanced Oil Recovery Market by Type
9.3.5.1.2 Australia Microbial Enhanced Oil Recovery Market by Application
9.3.5.2 China Microbial Enhanced Oil Recovery Market
9.3.5.2.1 China Microbial Enhanced Oil Recovery Market by Type
9.3.5.2.2 China Microbial Enhanced Oil Recovery Market by Application
9.3.5.3 India Microbial Enhanced Oil Recovery Market
9.3.5.3.1 India Microbial Enhanced Oil Recovery Market by Type
9.3.5.3.2 India Microbial Enhanced Oil Recovery Market by Application
9.3.5.4 Japan Microbial Enhanced Oil Recovery Market
9.3.5.4.1 Japan Microbial Enhanced Oil Recovery Market by Type
9.3.5.4.2 Japan Microbial Enhanced Oil Recovery Market by Application
9.3.5.5 South Korea Microbial Enhanced Oil Recovery Market
9.3.5.5.1 South Korea Microbial Enhanced Oil Recovery Market by Type
9.3.5.5.2 South Korea Microbial Enhanced Oil Recovery Market by Application
9.3.5.6 Rest of Asia-Pacific Microbial Enhanced Oil Recovery Market
9.3.5.6.1 Rest of Asia-Pacific Microbial Enhanced Oil Recovery Market by Type
9.3.5.6.2 Rest of Asia-Pacific Microbial Enhanced Oil Recovery Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Microbial Enhanced Oil Recovery Market Overview
9.4.2 Middle East and Africa Microbial Enhanced Oil Recovery Market Forecasts and Analysis
9.4.3 Middle East and Africa Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Microbial Enhanced Oil Recovery Market
9.4.5.1.1 South Africa Microbial Enhanced Oil Recovery Market by Type
9.4.5.1.2 South Africa Microbial Enhanced Oil Recovery Market by Application
9.4.5.2 Saudi Arabia Microbial Enhanced Oil Recovery Market
9.4.5.2.1 Saudi Arabia Microbial Enhanced Oil Recovery Market by Type
9.4.5.2.2 Saudi Arabia Microbial Enhanced Oil Recovery Market by Application
9.4.5.3 U.A.E Microbial Enhanced Oil Recovery Market
9.4.5.3.1 U.A.E Microbial Enhanced Oil Recovery Market by Type
9.4.5.3.2 U.A.E Microbial Enhanced Oil Recovery Market by Application
9.4.5.4 Rest of Middle East and Africa Microbial Enhanced Oil Recovery Market
9.4.5.4.1 Rest of Middle East and Africa Microbial Enhanced Oil Recovery Market by Type
9.4.5.4.2 Rest of Middle East and Africa Microbial Enhanced Oil Recovery Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Microbial Enhanced Oil Recovery Market Overview
9.5.2 South and Central America Microbial Enhanced Oil Recovery Market Forecasts and Analysis
9.5.3 South and Central America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Type
9.5.4 South and Central America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.5.5 South and Central America Microbial Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Microbial Enhanced Oil Recovery Market
9.5.5.1.1 Brazil Microbial Enhanced Oil Recovery Market by Type
9.5.5.1.2 Brazil Microbial Enhanced Oil Recovery Market by Application
9.5.5.2 Argentina Microbial Enhanced Oil Recovery Market
9.5.5.2.1 Argentina Microbial Enhanced Oil Recovery Market by Type
9.5.5.2.2 Argentina Microbial Enhanced Oil Recovery Market by Application
9.5.5.3 Rest of South and Central America Microbial Enhanced Oil Recovery Market
9.5.5.3.1 Rest of South and Central America Microbial Enhanced Oil Recovery Market by Type
9.5.5.3.2 Rest of South and Central America Microbial Enhanced Oil Recovery 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. MICROBIAL ENHANCED OIL RECOVERY MARKET, KEY COMPANY PROFILES
11.1. BP P.L.C.
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. CONOCOPHILLIPS COMPANY.
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. CHEMIPHASE LTD.,
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. NATIONAL ENERGY SERVICES REUNITED CORP.
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. DUPONT
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. MICRO-BAC INTERNATIONAL.
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. MICROBIAL ENERGY 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. RAM BIOCHEMICALS, INC.
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. ROYAL DUTCH SHELL
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. TITAN OIL RECOVERY, INC.
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. bp p.l.c.
2. ConocoPhillips Company.
3. Chemiphase Ltd.,
4. National Energy Services Reunited Corp.
5. DuPont
6. Micro-Bac International.
7. Microbial Energy Inc.
8. RAM Biochemicals, Inc.
9. Royal Dutch Shell
10. Titan Oil Recovery, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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