Offshore Drilling Riser Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Offshore Drilling Riser Market covers analysis By Type (Marine Drilling Riser, Tie-back Drilling Riser); Application (Shallow Water, Deep Water, Ultra Deep Water) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029713
  • Category : Energy and Power
  • No. of Pages : 150
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Offshore Drilling Riser Market Key Players Analysis 2031

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MARKET OVERVIEW
Recovering crude oil prices have driven investments in offshore exploration and production (E&P) activities worldwide. A significant upsurge in the number of final investment decisions for several offshore projects has been prominent over the past couple of years, driving the contracts for offshore drilling risers. With crude oil prices stabilizing, offshore activity in the North Sea region has been witnessing a significant surge, expected to drive the offshore drilling riser market demand in the forecast period.

MARKET SCOPE
The "Global Offshore Drilling Riser Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the steam condenser for the thermal power plant market with detailed market segmentation by type, application, and geography. The global offshore drilling riser market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading offshore drilling riser market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global offshore drilling riser market is segmented by type, and application.
  •   On the basis of type, the market is segmented into Marine Drilling Riser, Tie-back Drilling Riser.
  •   On the basis of application, the market is segmented into Industrial, Commercial, Residential.

    MARKET DYNAMICS
    Drivers-
  •   Shale gas production and the rising number of offshore projects worldwide are expected to drive market growth.
    Restrains
  •   Unstable crude oil prices and a widening rising crude oil supply-demand gap are anticipated to restrain the growth potentials of the offshore drilling riser market in the forecast period.

    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 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's 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 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 automotive connector's market in these regions.

    IMPACT OF COVID-19
    The covid-19 pandemic has greatly impacted the oil and gas industry. Workers in every industry were affected, but offshore crews faced unique challenges due to the nature of their jobs and work environments-where social distancing was nearly impossible. Oil and gas companies were forced to delay turnarounds and postpone new operations and activities. Offshore workers faced high coronavirus exposure risks transported to and from worksites while working in close contact with other crew members. More than one-and-a-half years later, the offshore industry is struggling to return to a new normal, with masks, temperature checks, worksite sanitation, and vaccination requirements in place to reduce the spread of the coronavirus and the new Delta variant. In the Q1 of 2021, activity levels in the oil and gas sector stood at 5.1% less than at the end of 2021 before the pandemic hit globally. In May 2021, Oil States Industries, Inc., a manufacturer of products and services for the traditional and renewable energy sectors, announced its new Managed Pressure Drilling and Riser Gas Handling System. The MPD and RGH System integrates managed pressure drilling and riser gas handling into a deepwater drilling riser to unlock greater speed, economy, performance, and safety. Thus, it will help the market in aiding or recovering from the covid-19 disruptions.

    World Geography

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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 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), the Middle East and Africa (MEA), and South America. The automotive connector's 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 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 automotive connector's market in these regions.

    IMPACT OF COVID-19
    The covid-19 pandemic has greatly impacted the oil and gas industry. Workers in every industry were affected, but offshore crews faced unique challenges due to the nature of their jobs and work environments-where social distancing was nearly impossible. Oil and gas companies were forced to delay turnarounds and postpone new operations and activities. Offshore workers faced high coronavirus exposure risks transported to and from worksites while working in close contact with other crew members. More than one-and-a-half years later, the offshore industry is struggling to return to a new normal, with masks, temperature checks, worksite sanitation, and vaccination requirements in place to reduce the spread of the coronavirus and the new Delta variant. In the Q1 of 2021, activity levels in the oil and gas sector stood at 5.1% less than at the end of 2021 before the pandemic hit globally. In May 2021, Oil States Industries, Inc., a manufacturer of products and services for the traditional and renewable energy sectors, announced its new Managed Pressure Drilling and Riser Gas Handling System. The MPD and RGH System integrates managed pressure drilling and riser gas handling into a deepwater drilling riser to unlock greater speed, economy, performance, and safety. Thus, it will help the market in aiding or recovering from the covid-19 disruptions.

    MARKET PLAYERS
    The reports cover key developments in the offshore drilling riser 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 the way for the expansion of business and customer base of market players. The market players from offshore drilling riser market are anticipated to lucrative growth opportunities in the future with the rising demand for offshore drilling riser in the global market. Below mentioned is the list of few companies engaged in the offshore drilling riser market.

    The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the offshore drilling riser 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 three years, the key development in the past five years.

    •   Tenaris
    •   Schlumberger Limited
    •   Aker Solutions
    •   Parker Hannifin Corp
    •   Dril-Quip, Inc.
    •   Baker Hughes, a GE Company LLC
    •   Claxton Engineering
    •   SUBSEA 7
    •   Weatherford
    •   TechnipFMC plc
    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 Offshore Drilling Riser Market - By Type
    1.3.2 Offshore Drilling Riser Market - By Application
    1.3.3 Offshore Drilling Riser Market - By Region
    1.3.3.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. OFFSHORE DRILLING RISER 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. OFFSHORE DRILLING RISER 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. OFFSHORE DRILLING RISER MARKET - GLOBAL MARKET ANALYSIS
    6.1. OFFSHORE DRILLING RISER - GLOBAL MARKET OVERVIEW
    6.2. OFFSHORE DRILLING RISER - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING

    7. OFFSHORE DRILLING RISER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
    7.1. OVERVIEW
    7.2. TYPE MARKET FORECASTS AND ANALYSIS
    7.3. MARINE DRILLING RISER
    7.3.1. Overview
    7.3.2. Marine Drilling Riser Market Forecast and Analysis
    7.4. TIE-BACK DRILLING RISER
    7.4.1. Overview
    7.4.2. Tie-back Drilling Riser Market Forecast and Analysis
    8. OFFSHORE DRILLING RISER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
    8.1. OVERVIEW
    8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
    8.3. SHALLOW WATER
    8.3.1. Overview
    8.3.2. Shallow Water Market Forecast and Analysis
    8.4. DEEP WATER
    8.4.1. Overview
    8.4.2. Deep Water Market Forecast and Analysis
    8.5. ULTRA DEEP WATER
    8.5.1. Overview
    8.5.2. Ultra Deep Water Market Forecast and Analysis

    9. OFFSHORE DRILLING RISER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America Offshore Drilling Riser Market Overview
    9.1.2 North America Offshore Drilling Riser Market Forecasts and Analysis
    9.1.3 North America Offshore Drilling Riser Market Forecasts and Analysis - By Type
    9.1.4 North America Offshore Drilling Riser Market Forecasts and Analysis - By Application
    9.1.5 North America Offshore Drilling Riser Market Forecasts and Analysis - By Countries
    9.1.5.1 United States Offshore Drilling Riser Market
    9.1.5.1.1 United States Offshore Drilling Riser Market by Type
    9.1.5.1.2 United States Offshore Drilling Riser Market by Application
    9.1.5.2 Canada Offshore Drilling Riser Market
    9.1.5.2.1 Canada Offshore Drilling Riser Market by Type
    9.1.5.2.2 Canada Offshore Drilling Riser Market by Application
    9.1.5.3 Mexico Offshore Drilling Riser Market
    9.1.5.3.1 Mexico Offshore Drilling Riser Market by Type
    9.1.5.3.2 Mexico Offshore Drilling Riser Market by Application
    9.2. EUROPE
    9.2.1 Europe Offshore Drilling Riser Market Overview
    9.2.2 Europe Offshore Drilling Riser Market Forecasts and Analysis
    9.2.3 Europe Offshore Drilling Riser Market Forecasts and Analysis - By Type
    9.2.4 Europe Offshore Drilling Riser Market Forecasts and Analysis - By Application
    9.2.5 Europe Offshore Drilling Riser Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany Offshore Drilling Riser Market
    9.2.5.1.1 Germany Offshore Drilling Riser Market by Type
    9.2.5.1.2 Germany Offshore Drilling Riser Market by Application
    9.2.5.2 France Offshore Drilling Riser Market
    9.2.5.2.1 France Offshore Drilling Riser Market by Type
    9.2.5.2.2 France Offshore Drilling Riser Market by Application
    9.2.5.3 Italy Offshore Drilling Riser Market
    9.2.5.3.1 Italy Offshore Drilling Riser Market by Type
    9.2.5.3.2 Italy Offshore Drilling Riser Market by Application
    9.2.5.4 United Kingdom Offshore Drilling Riser Market
    9.2.5.4.1 United Kingdom Offshore Drilling Riser Market by Type
    9.2.5.4.2 United Kingdom Offshore Drilling Riser Market by Application
    9.2.5.5 Russia Offshore Drilling Riser Market
    9.2.5.5.1 Russia Offshore Drilling Riser Market by Type
    9.2.5.5.2 Russia Offshore Drilling Riser Market by Application
    9.2.5.6 Rest of Europe Offshore Drilling Riser Market
    9.2.5.6.1 Rest of Europe Offshore Drilling Riser Market by Type
    9.2.5.6.2 Rest of Europe Offshore Drilling Riser Market by Application
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific Offshore Drilling Riser Market Overview
    9.3.2 Asia-Pacific Offshore Drilling Riser Market Forecasts and Analysis
    9.3.3 Asia-Pacific Offshore Drilling Riser Market Forecasts and Analysis - By Type
    9.3.4 Asia-Pacific Offshore Drilling Riser Market Forecasts and Analysis - By Application
    9.3.5 Asia-Pacific Offshore Drilling Riser Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia Offshore Drilling Riser Market
    9.3.5.1.1 Australia Offshore Drilling Riser Market by Type
    9.3.5.1.2 Australia Offshore Drilling Riser Market by Application
    9.3.5.2 China Offshore Drilling Riser Market
    9.3.5.2.1 China Offshore Drilling Riser Market by Type
    9.3.5.2.2 China Offshore Drilling Riser Market by Application
    9.3.5.3 India Offshore Drilling Riser Market
    9.3.5.3.1 India Offshore Drilling Riser Market by Type
    9.3.5.3.2 India Offshore Drilling Riser Market by Application
    9.3.5.4 Japan Offshore Drilling Riser Market
    9.3.5.4.1 Japan Offshore Drilling Riser Market by Type
    9.3.5.4.2 Japan Offshore Drilling Riser Market by Application
    9.3.5.5 South Korea Offshore Drilling Riser Market
    9.3.5.5.1 South Korea Offshore Drilling Riser Market by Type
    9.3.5.5.2 South Korea Offshore Drilling Riser Market by Application
    9.3.5.6 Rest of Asia-Pacific Offshore Drilling Riser Market
    9.3.5.6.1 Rest of Asia-Pacific Offshore Drilling Riser Market by Type
    9.3.5.6.2 Rest of Asia-Pacific Offshore Drilling Riser Market by Application
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa Offshore Drilling Riser Market Overview
    9.4.2 Middle East and Africa Offshore Drilling Riser Market Forecasts and Analysis
    9.4.3 Middle East and Africa Offshore Drilling Riser Market Forecasts and Analysis - By Type
    9.4.4 Middle East and Africa Offshore Drilling Riser Market Forecasts and Analysis - By Application
    9.4.5 Middle East and Africa Offshore Drilling Riser Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa Offshore Drilling Riser Market
    9.4.5.1.1 South Africa Offshore Drilling Riser Market by Type
    9.4.5.1.2 South Africa Offshore Drilling Riser Market by Application
    9.4.5.2 Saudi Arabia Offshore Drilling Riser Market
    9.4.5.2.1 Saudi Arabia Offshore Drilling Riser Market by Type
    9.4.5.2.2 Saudi Arabia Offshore Drilling Riser Market by Application
    9.4.5.3 U.A.E Offshore Drilling Riser Market
    9.4.5.3.1 U.A.E Offshore Drilling Riser Market by Type
    9.4.5.3.2 U.A.E Offshore Drilling Riser Market by Application
    9.4.5.4 Rest of Middle East and Africa Offshore Drilling Riser Market
    9.4.5.4.1 Rest of Middle East and Africa Offshore Drilling Riser Market by Type
    9.4.5.4.2 Rest of Middle East and Africa Offshore Drilling Riser Market by Application
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America Offshore Drilling Riser Market Overview
    9.5.2 South and Central America Offshore Drilling Riser Market Forecasts and Analysis
    9.5.3 South and Central America Offshore Drilling Riser Market Forecasts and Analysis - By Type
    9.5.4 South and Central America Offshore Drilling Riser Market Forecasts and Analysis - By Application
    9.5.5 South and Central America Offshore Drilling Riser Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil Offshore Drilling Riser Market
    9.5.5.1.1 Brazil Offshore Drilling Riser Market by Type
    9.5.5.1.2 Brazil Offshore Drilling Riser Market by Application
    9.5.5.2 Argentina Offshore Drilling Riser Market
    9.5.5.2.1 Argentina Offshore Drilling Riser Market by Type
    9.5.5.2.2 Argentina Offshore Drilling Riser Market by Application
    9.5.5.3 Rest of South and Central America Offshore Drilling Riser Market
    9.5.5.3.1 Rest of South and Central America Offshore Drilling Riser Market by Type
    9.5.5.3.2 Rest of South and Central America Offshore Drilling Riser 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. OFFSHORE DRILLING RISER MARKET, KEY COMPANY PROFILES
    11.1. TENARIS
    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. SCHLUMBERGER 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. AKER SOLUTIONS
    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. PARKER HANNIFIN 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. DRIL-QUIP, INC
    11.5.1. Key Facts
    11.5.2. Business Description
    11.5.3. Products and Services
    11.5.4. Financial Overview
    11.5.5. SWOT Analysis
    11.5.6. Key Developments
    11.6. BAKER HUGHES, A GE COMPANY LLC
    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. CLAXTON ENGINEERING
    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. SUBSEA
    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. WEATHERFORD
    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. TECHNIPFMC PLC
    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
    11.11.
    11.11.1. Key Facts
    11.11.2. Business Description
    11.11.3. Products and Services
    11.11.4. Financial Overview
    11.11.5. SWOT Analysis
    11.11.6. Key Developments

    12. APPENDIX
    12.1. ABOUT THE INSIGHT PARTNERS
    12.2. GLOSSARY OF TERMS
    The List of Companies

    1. Tenaris
    2. Schlumberger Limited
    3. Aker Solutions
    4. Parker Hannifin Corp
    5. Dril-Quip, Inc
    6. Baker Hughes, a GE Company LLC
    7. Claxton Engineering
    8. SUBSEA
    9. Weatherford
    10. TechnipFMC plc
    11.

    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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