Next Generation Energy Storage Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
With the increasing renewable energy investments and growing electrification of the transport sector is creating profitable opportunities for the next generation energy storage systems market in the forecast period. Furthermore, the growing adoption of electric vehicles across the globe is also booming the next generation energy storage systems market.
MARKET DYNAMICS
The rising implementation of regulations demanding energy efficiency and energy arbitrage is driving the next generation energy storage systems market. The high capital investments may restrain the growth of the next generation energy storage systems market. Furthermore, the mounting grid expansion and investment in the modern infrastructure is anticipated to create market opportunities for the next generation energy storage systems market during the forecast period.
MARKET SCOPE
The "Global Next Generation Energy Storage Systems Market Analysis to 2028" is a specialized and in-depth study of the Next Generation Energy Storage Systems market with a special focus on the global market trend analysis. The report aims to provide an overview of Next Generation Energy Storage Systems market with detailed market segmentation by product type, application, and geography. The global Next Generation Energy Storage Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Next Generation Energy Storage Systems market players and offers key trends and opportunities in the Next Generation Energy Storage Systems market.
MARKET SEGMENTATION
The global next generation energy storage systems market is segmented on the basis of product type and application. On the basis of product type the market is segmented into Ultracapacitors, Energy grids, Batteries, Fuel Cells, Flywheels, Pumped storage, and Others. Similarly, on the basis of application the market is segmented into residential, Electronics, Oil and Gas, Transportation, Military, Marine, Mining, Manufacturing, and Others.
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 Next Generation Energy Storage Systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the Next Generation Energy Storage Systems 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 Next Generation Energy Storage Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Next Generation Energy Storage Systems market. Below mentioned is the list of few companies engaged in the Next Generation Energy Storage Systems market.
The report also includes the profiles of key Next Generation Energy Storage Systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Beckett Energy Systems
- BYD Company Limited
- Energ2, Inc.
- Energy Storage Systems Inc.
- Enersys
- Enphase Energy
- Eos Energy Storage
- FlexGen Power Systems
- LG Chem Ltd.
- UniEnergy Technologies, LLC
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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Next Generation Energy Storage Systems Market - By Product Type
1.3.2 Next Generation Energy Storage Systems Market - By Application
1.3.3 Next Generation Energy Storage Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEXT GENERATION ENERGY STORAGE SYSTEMS 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. NEXT GENERATION ENERGY STORAGE SYSTEMS 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. NEXT GENERATION ENERGY STORAGE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. NEXT GENERATION ENERGY STORAGE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. NEXT GENERATION ENERGY STORAGE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NEXT GENERATION ENERGY STORAGE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ULTRACAPACITORS
7.3.1. Overview
7.3.2. Ultracapacitors Market Forecast and Analysis
7.4. ENERGY GRIDS
7.4.1. Overview
7.4.2. Energy grids Market Forecast and Analysis
7.5. BATTERIES
7.5.1. Overview
7.5.2. Batteries Market Forecast and Analysis
7.6. FUEL CELLS
7.6.1. Overview
7.6.2. Fuel Cells Market Forecast and Analysis
7.7. FLYWHEELS
7.7.1. Overview
7.7.2. Flywheels Market Forecast and Analysis
7.8. PUMPED STORAGE
7.8.1. Overview
7.8.2. Pumped storage Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. NEXT GENERATION ENERGY STORAGE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. ELECTRONICS
8.4.1. Overview
8.4.2. Electronics Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. TRANSPORTATION
8.6.1. Overview
8.6.2. Transportation Market Forecast and Analysis
8.7. MILITARY
8.7.1. Overview
8.7.2. Military Market Forecast and Analysis
8.8. MARINE
8.8.1. Overview
8.8.2. Marine Market Forecast and Analysis
8.9. MINING
8.9.1. Overview
8.9.2. Mining Market Forecast and Analysis
8.10. MANUFACTURING
8.10.1. Overview
8.10.2. Manufacturing Market Forecast and Analysis
8.11. OTHERS
8.11.1. Overview
8.11.2. Others Market Forecast and Analysis
9. NEXT GENERATION ENERGY STORAGE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Next Generation Energy Storage Systems Market Overview
9.1.2 North America Next Generation Energy Storage Systems Market Forecasts and Analysis
9.1.3 North America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Product Type
9.1.4 North America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Application
9.1.5 North America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Next Generation Energy Storage Systems Market
9.1.5.1.1 United States Next Generation Energy Storage Systems Market by Product Type
9.1.5.1.2 United States Next Generation Energy Storage Systems Market by Application
9.1.5.2 Canada Next Generation Energy Storage Systems Market
9.1.5.2.1 Canada Next Generation Energy Storage Systems Market by Product Type
9.1.5.2.2 Canada Next Generation Energy Storage Systems Market by Application
9.1.5.3 Mexico Next Generation Energy Storage Systems Market
9.1.5.3.1 Mexico Next Generation Energy Storage Systems Market by Product Type
9.1.5.3.2 Mexico Next Generation Energy Storage Systems Market by Application
9.2. EUROPE
9.2.1 Europe Next Generation Energy Storage Systems Market Overview
9.2.2 Europe Next Generation Energy Storage Systems Market Forecasts and Analysis
9.2.3 Europe Next Generation Energy Storage Systems Market Forecasts and Analysis - By Product Type
9.2.4 Europe Next Generation Energy Storage Systems Market Forecasts and Analysis - By Application
9.2.5 Europe Next Generation Energy Storage Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Next Generation Energy Storage Systems Market
9.2.5.1.1 Germany Next Generation Energy Storage Systems Market by Product Type
9.2.5.1.2 Germany Next Generation Energy Storage Systems Market by Application
9.2.5.2 France Next Generation Energy Storage Systems Market
9.2.5.2.1 France Next Generation Energy Storage Systems Market by Product Type
9.2.5.2.2 France Next Generation Energy Storage Systems Market by Application
9.2.5.3 Italy Next Generation Energy Storage Systems Market
9.2.5.3.1 Italy Next Generation Energy Storage Systems Market by Product Type
9.2.5.3.2 Italy Next Generation Energy Storage Systems Market by Application
9.2.5.4 United Kingdom Next Generation Energy Storage Systems Market
9.2.5.4.1 United Kingdom Next Generation Energy Storage Systems Market by Product Type
9.2.5.4.2 United Kingdom Next Generation Energy Storage Systems Market by Application
9.2.5.5 Russia Next Generation Energy Storage Systems Market
9.2.5.5.1 Russia Next Generation Energy Storage Systems Market by Product Type
9.2.5.5.2 Russia Next Generation Energy Storage Systems Market by Application
9.2.5.6 Rest of Europe Next Generation Energy Storage Systems Market
9.2.5.6.1 Rest of Europe Next Generation Energy Storage Systems Market by Product Type
9.2.5.6.2 Rest of Europe Next Generation Energy Storage Systems Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Next Generation Energy Storage Systems Market Overview
9.3.2 Asia-Pacific Next Generation Energy Storage Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Next Generation Energy Storage Systems Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Next Generation Energy Storage Systems Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Next Generation Energy Storage Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Next Generation Energy Storage Systems Market
9.3.5.1.1 Australia Next Generation Energy Storage Systems Market by Product Type
9.3.5.1.2 Australia Next Generation Energy Storage Systems Market by Application
9.3.5.2 China Next Generation Energy Storage Systems Market
9.3.5.2.1 China Next Generation Energy Storage Systems Market by Product Type
9.3.5.2.2 China Next Generation Energy Storage Systems Market by Application
9.3.5.3 India Next Generation Energy Storage Systems Market
9.3.5.3.1 India Next Generation Energy Storage Systems Market by Product Type
9.3.5.3.2 India Next Generation Energy Storage Systems Market by Application
9.3.5.4 Japan Next Generation Energy Storage Systems Market
9.3.5.4.1 Japan Next Generation Energy Storage Systems Market by Product Type
9.3.5.4.2 Japan Next Generation Energy Storage Systems Market by Application
9.3.5.5 South Korea Next Generation Energy Storage Systems Market
9.3.5.5.1 South Korea Next Generation Energy Storage Systems Market by Product Type
9.3.5.5.2 South Korea Next Generation Energy Storage Systems Market by Application
9.3.5.6 Rest of Asia-Pacific Next Generation Energy Storage Systems Market
9.3.5.6.1 Rest of Asia-Pacific Next Generation Energy Storage Systems Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Next Generation Energy Storage Systems Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Next Generation Energy Storage Systems Market Overview
9.4.2 Middle East and Africa Next Generation Energy Storage Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Next Generation Energy Storage Systems Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Next Generation Energy Storage Systems Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Next Generation Energy Storage Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Next Generation Energy Storage Systems Market
9.4.5.1.1 South Africa Next Generation Energy Storage Systems Market by Product Type
9.4.5.1.2 South Africa Next Generation Energy Storage Systems Market by Application
9.4.5.2 Saudi Arabia Next Generation Energy Storage Systems Market
9.4.5.2.1 Saudi Arabia Next Generation Energy Storage Systems Market by Product Type
9.4.5.2.2 Saudi Arabia Next Generation Energy Storage Systems Market by Application
9.4.5.3 U.A.E Next Generation Energy Storage Systems Market
9.4.5.3.1 U.A.E Next Generation Energy Storage Systems Market by Product Type
9.4.5.3.2 U.A.E Next Generation Energy Storage Systems Market by Application
9.4.5.4 Rest of Middle East and Africa Next Generation Energy Storage Systems Market
9.4.5.4.1 Rest of Middle East and Africa Next Generation Energy Storage Systems Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Next Generation Energy Storage Systems Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Next Generation Energy Storage Systems Market Overview
9.5.2 South and Central America Next Generation Energy Storage Systems Market Forecasts and Analysis
9.5.3 South and Central America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Application
9.5.5 South and Central America Next Generation Energy Storage Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Next Generation Energy Storage Systems Market
9.5.5.1.1 Brazil Next Generation Energy Storage Systems Market by Product Type
9.5.5.1.2 Brazil Next Generation Energy Storage Systems Market by Application
9.5.5.2 Argentina Next Generation Energy Storage Systems Market
9.5.5.2.1 Argentina Next Generation Energy Storage Systems Market by Product Type
9.5.5.2.2 Argentina Next Generation Energy Storage Systems Market by Application
9.5.5.3 Rest of South and Central America Next Generation Energy Storage Systems Market
9.5.5.3.1 Rest of South and Central America Next Generation Energy Storage Systems Market by Product Type
9.5.5.3.2 Rest of South and Central America Next Generation Energy Storage Systems 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. NEXT GENERATION ENERGY STORAGE SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. BECKETT ENERGY SYSTEMS
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. BYD COMPANY LIMITED
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. ENERG2, 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. ENERGY STORAGE SYSTEMS INC.
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. ENERSYS
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. ENPHASE ENERGY
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. EOS ENERGY STORAGE
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. FLEXGEN POWER SYSTEMS
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. LG CHEM LTD.
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. UNIENERGY TECHNOLOGIES, LLC.
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. Beckett Energy Systems
2. BYD Company Limited
3. Energ2, Inc.
4. Energy Storage Systems Inc.
5. Enersys
6. Enphase Energy
7. EOS Energy Storage
8. FlexGen Power Systems
9. LG Chem Ltd.
10. UniEnergy Technologies, LLC.
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.