Modular Substation Market Developments by 2031
Substations are the critical nodes in any electrical generation, transmission and distribution systems tha are designed for enabling transformation of voltages and several other essential functions such as monitoring, protection, and switching. Advantages such as space savings over the conventional substations, lesser installation times coupled with commendable safety and aesthetics have propelled the attractiveness for the modular substation in the end-use sector.
MARKET DYNAMICS
Increasing modernizations of the electric substations coupled with urbanization as well as industrialization experienced in the developing economies are anticipated to drive the global modular substation market during the forecast period. Inability of the governing bodies to standardize the market has been a major restraining factor for the modular substation market. Increasing investments in the smart city infrastructures would encourage and provide new opportunities to the market players operating in the modular substation market.
MARKET SCOPE
The "Global Modular Substation Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the modular substation market with detailed market segmentation by type, insulation, voltage, application, and geography. The global modular substation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading modular substation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global modular substation market is segmented on the basis of type, insulation, voltage, and application. Based on type, the modular substation market is segmented into trailer mounted and fixed. On the basis of insulation, the modular substation market is segmented into air-insulated and gas-insulated. Further, the modular substation market is segmented on the basis of voltage into 11-33kV, 33-400kV, and above 400kV. The modular substation market on the basis of the application is classified into power utilities, industrial, and commercial.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global modular substation 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 America. The modular substation 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 modular substation 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 America after evaluating political, economic, social and technological factors affecting the modular substation in these regions.
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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 modular substation 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 America. The modular substation 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 modular substation 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 America after evaluating political, economic, social and technological factors affecting the modular substation in these regions.
MARKET PLAYERSThe reports cover key developments in the modular substation 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 payers from modular substation market are anticipated to lucrative growth opportunities in the future with the rising demand for modular substation in the global market. Below mentioned is the list of few companies engaged in the modular substation market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the modular substation market. In addition, the report focuses on leading industry players with information such as company profiles, types, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- Bharat Heavy Electricals Limited
- Crompton Greaves Limited
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- MODPOWER SOLUTIONS
- Siemens AG
- SKEMA S.P.A.
- SPX TRANSFORMER SOLUTIONS, INC.
- 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
1.3.1 Modular Substation Market - By Type
1.3.2 Modular Substation Market - By Insulation
1.3.3 Modular Substation Market - By Voltage
1.3.4 Modular Substation Market - By Application
1.3.5 Modular Substation Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MODULAR SUBSTATION 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MODULAR SUBSTATION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MODULAR SUBSTATION MARKET - GLOBAL MARKET ANALYSIS
6.1. MODULAR SUBSTATION - GLOBAL MARKET OVERVIEW
6.2. MODULAR SUBSTATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MODULAR SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRAILER
7.3.1. Overview
7.3.2. Trailer Market Forecast and Analysis
7.4. MOUNTED FIXED
7.4.1. Overview
7.4.2. Mounted Fixed Market Forecast and Analysis
8. MODULAR SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - INSULATION
8.1. OVERVIEW
8.2. INSULATION MARKET FORECASTS AND ANALYSIS
8.3. AIR-INSULATED
8.3.1. Overview
8.3.2. Air-insulated Market Forecast and Analysis
8.4. GAS-INSULATED
8.4.1. Overview
8.4.2. Gas-insulated Market Forecast and Analysis
9. MODULAR SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
9.1. OVERVIEW
9.2. VOLTAGE MARKET FORECASTS AND ANALYSIS
9.3. 11-33KV
9.3.1. Overview
9.3.2. 11-33kV Market Forecast and Analysis
9.4. 33-400KV
9.4.1. Overview
9.4.2. 33-400kV Market Forecast and Analysis
9.5. ABOVE 400KV
9.5.1. Overview
9.5.2. above 400kV Market Forecast and Analysis
10. MODULAR SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. POWER UTILITES
10.3.1. Overview
10.3.2. Power Utilites Market Forecast and Analysis
10.4. INDUSTRIAL
10.4.1. Overview
10.4.2. Industrial Market Forecast and Analysis
10.5. COMMERCIAL
10.5.1. Overview
10.5.2. Commercial Market Forecast and Analysis
11. MODULAR SUBSTATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Modular Substation Market Overview
11.1.2 North America Modular Substation Market Forecasts and Analysis
11.1.3 North America Modular Substation Market Forecasts and Analysis - By Type
11.1.4 North America Modular Substation Market Forecasts and Analysis - By Insulation
11.1.5 North America Modular Substation Market Forecasts and Analysis - By Voltage
11.1.6 North America Modular Substation Market Forecasts and Analysis - By Application
11.1.7 North America Modular Substation Market Forecasts and Analysis - By Countries
11.1.7.1 United States Modular Substation Market
11.1.7.1.1 United States Modular Substation Market by Type
11.1.7.1.2 United States Modular Substation Market by Insulation
11.1.7.1.3 United States Modular Substation Market by Voltage
11.1.7.1.4 United States Modular Substation Market by Application
11.1.7.2 Canada Modular Substation Market
11.1.7.2.1 Canada Modular Substation Market by Type
11.1.7.2.2 Canada Modular Substation Market by Insulation
11.1.7.2.3 Canada Modular Substation Market by Voltage
11.1.7.2.4 Canada Modular Substation Market by Application
11.1.7.3 Mexico Modular Substation Market
11.1.7.3.1 Mexico Modular Substation Market by Type
11.1.7.3.2 Mexico Modular Substation Market by Insulation
11.1.7.3.3 Mexico Modular Substation Market by Voltage
11.1.7.3.4 Mexico Modular Substation Market by Application
11.2. EUROPE
11.2.1 Europe Modular Substation Market Overview
11.2.2 Europe Modular Substation Market Forecasts and Analysis
11.2.3 Europe Modular Substation Market Forecasts and Analysis - By Type
11.2.4 Europe Modular Substation Market Forecasts and Analysis - By Insulation
11.2.5 Europe Modular Substation Market Forecasts and Analysis - By Voltage
11.2.6 Europe Modular Substation Market Forecasts and Analysis - By Application
11.2.7 Europe Modular Substation Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Modular Substation Market
11.2.7.1.1 Germany Modular Substation Market by Type
11.2.7.1.2 Germany Modular Substation Market by Insulation
11.2.7.1.3 Germany Modular Substation Market by Voltage
11.2.7.1.4 Germany Modular Substation Market by Application
11.2.7.2 France Modular Substation Market
11.2.7.2.1 France Modular Substation Market by Type
11.2.7.2.2 France Modular Substation Market by Insulation
11.2.7.2.3 France Modular Substation Market by Voltage
11.2.7.2.4 France Modular Substation Market by Application
11.2.7.3 Italy Modular Substation Market
11.2.7.3.1 Italy Modular Substation Market by Type
11.2.7.3.2 Italy Modular Substation Market by Insulation
11.2.7.3.3 Italy Modular Substation Market by Voltage
11.2.7.3.4 Italy Modular Substation Market by Application
11.2.7.4 United Kingdom Modular Substation Market
11.2.7.4.1 United Kingdom Modular Substation Market by Type
11.2.7.4.2 United Kingdom Modular Substation Market by Insulation
11.2.7.4.3 United Kingdom Modular Substation Market by Voltage
11.2.7.4.4 United Kingdom Modular Substation Market by Application
11.2.7.5 Russia Modular Substation Market
11.2.7.5.1 Russia Modular Substation Market by Type
11.2.7.5.2 Russia Modular Substation Market by Insulation
11.2.7.5.3 Russia Modular Substation Market by Voltage
11.2.7.5.4 Russia Modular Substation Market by Application
11.2.7.6 Rest of Europe Modular Substation Market
11.2.7.6.1 Rest of Europe Modular Substation Market by Type
11.2.7.6.2 Rest of Europe Modular Substation Market by Insulation
11.2.7.6.3 Rest of Europe Modular Substation Market by Voltage
11.2.7.6.4 Rest of Europe Modular Substation Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Modular Substation Market Overview
11.3.2 Asia-Pacific Modular Substation Market Forecasts and Analysis
11.3.3 Asia-Pacific Modular Substation Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Modular Substation Market Forecasts and Analysis - By Insulation
11.3.5 Asia-Pacific Modular Substation Market Forecasts and Analysis - By Voltage
11.3.6 Asia-Pacific Modular Substation Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Modular Substation Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Modular Substation Market
11.3.7.1.1 Australia Modular Substation Market by Type
11.3.7.1.2 Australia Modular Substation Market by Insulation
11.3.7.1.3 Australia Modular Substation Market by Voltage
11.3.7.1.4 Australia Modular Substation Market by Application
11.3.7.2 China Modular Substation Market
11.3.7.2.1 China Modular Substation Market by Type
11.3.7.2.2 China Modular Substation Market by Insulation
11.3.7.2.3 China Modular Substation Market by Voltage
11.3.7.2.4 China Modular Substation Market by Application
11.3.7.3 India Modular Substation Market
11.3.7.3.1 India Modular Substation Market by Type
11.3.7.3.2 India Modular Substation Market by Insulation
11.3.7.3.3 India Modular Substation Market by Voltage
11.3.7.3.4 India Modular Substation Market by Application
11.3.7.4 Japan Modular Substation Market
11.3.7.4.1 Japan Modular Substation Market by Type
11.3.7.4.2 Japan Modular Substation Market by Insulation
11.3.7.4.3 Japan Modular Substation Market by Voltage
11.3.7.4.4 Japan Modular Substation Market by Application
11.3.7.5 South Korea Modular Substation Market
11.3.7.5.1 South Korea Modular Substation Market by Type
11.3.7.5.2 South Korea Modular Substation Market by Insulation
11.3.7.5.3 South Korea Modular Substation Market by Voltage
11.3.7.5.4 South Korea Modular Substation Market by Application
11.3.7.6 Rest of Asia-Pacific Modular Substation Market
11.3.7.6.1 Rest of Asia-Pacific Modular Substation Market by Type
11.3.7.6.2 Rest of Asia-Pacific Modular Substation Market by Insulation
11.3.7.6.3 Rest of Asia-Pacific Modular Substation Market by Voltage
11.3.7.6.4 Rest of Asia-Pacific Modular Substation Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Modular Substation Market Overview
11.4.2 Middle East and Africa Modular Substation Market Forecasts and Analysis
11.4.3 Middle East and Africa Modular Substation Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Modular Substation Market Forecasts and Analysis - By Insulation
11.4.5 Middle East and Africa Modular Substation Market Forecasts and Analysis - By Voltage
11.4.6 Middle East and Africa Modular Substation Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Modular Substation Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Modular Substation Market
11.4.7.1.1 South Africa Modular Substation Market by Type
11.4.7.1.2 South Africa Modular Substation Market by Insulation
11.4.7.1.3 South Africa Modular Substation Market by Voltage
11.4.7.1.4 South Africa Modular Substation Market by Application
11.4.7.2 Saudi Arabia Modular Substation Market
11.4.7.2.1 Saudi Arabia Modular Substation Market by Type
11.4.7.2.2 Saudi Arabia Modular Substation Market by Insulation
11.4.7.2.3 Saudi Arabia Modular Substation Market by Voltage
11.4.7.2.4 Saudi Arabia Modular Substation Market by Application
11.4.7.3 U.A.E Modular Substation Market
11.4.7.3.1 U.A.E Modular Substation Market by Type
11.4.7.3.2 U.A.E Modular Substation Market by Insulation
11.4.7.3.3 U.A.E Modular Substation Market by Voltage
11.4.7.3.4 U.A.E Modular Substation Market by Application
11.4.7.4 Rest of Middle East and Africa Modular Substation Market
11.4.7.4.1 Rest of Middle East and Africa Modular Substation Market by Type
11.4.7.4.2 Rest of Middle East and Africa Modular Substation Market by Insulation
11.4.7.4.3 Rest of Middle East and Africa Modular Substation Market by Voltage
11.4.7.4.4 Rest of Middle East and Africa Modular Substation Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Modular Substation Market Overview
11.5.2 South and Central America Modular Substation Market Forecasts and Analysis
11.5.3 South and Central America Modular Substation Market Forecasts and Analysis - By Type
11.5.4 South and Central America Modular Substation Market Forecasts and Analysis - By Insulation
11.5.5 South and Central America Modular Substation Market Forecasts and Analysis - By Voltage
11.5.6 South and Central America Modular Substation Market Forecasts and Analysis - By Application
11.5.7 South and Central America Modular Substation Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Modular Substation Market
11.5.7.1.1 Brazil Modular Substation Market by Type
11.5.7.1.2 Brazil Modular Substation Market by Insulation
11.5.7.1.3 Brazil Modular Substation Market by Voltage
11.5.7.1.4 Brazil Modular Substation Market by Application
11.5.7.2 Argentina Modular Substation Market
11.5.7.2.1 Argentina Modular Substation Market by Type
11.5.7.2.2 Argentina Modular Substation Market by Insulation
11.5.7.2.3 Argentina Modular Substation Market by Voltage
11.5.7.2.4 Argentina Modular Substation Market by Application
11.5.7.3 Rest of South and Central America Modular Substation Market
11.5.7.3.1 Rest of South and Central America Modular Substation Market by Type
11.5.7.3.2 Rest of South and Central America Modular Substation Market by Insulation
11.5.7.3.3 Rest of South and Central America Modular Substation Market by Voltage
11.5.7.3.4 Rest of South and Central America Modular Substation Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MODULAR SUBSTATION MARKET, KEY COMPANY PROFILES
13.1. ABB LTD.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BHARAT HEAVY ELECTRICALS LIMITED
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CROMPTON GREAVES LIMITED
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. EATON CORPORATION PLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EMERSON ELECTRIC CO.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. GENERAL ELECTRIC COMPANY
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MODPOWER SOLUTIONS
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SIEMENS AG
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SKEMA S.P.A.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SPX TRANSFORMER SOLUTIONS, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Bharat Heavy Electricals Limited
3. Crompton Greaves Limited
4. Eaton Corporation PLC
5. Emerson Electric Co.
6. General Electric Company
7. MODPOWER SOLUTIONS
8. Siemens AG
9. SKEMA S.P.A.
10. SPX TRANSFORMER SOLUTIONS, INC.
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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