Oil and Gas Offshore Decommissioning Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The growing number of offshore rigs approaching their decommissioning age is a major contributor to the market's growth. Moreover, an improved regulatory framework and new policies provide favorable opportunities for major players in the target market in the coming years. The main drivers of the global oil & gas offshore decommissioning market are ageing infrastructure and maturing oil fields, especially in the North Sea and the Gulf of Mexico. In addition, lower crude oil prices are estimated to boost the growth of the oil & gas offshore decommissioning market.
MARKET SCOPE
The "Global Oil & Gas Offshore Decommissioning Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oil & gas offshore decommissioning market with detailed market segmentation by service, application, structure, and geography. The global oil & gas offshore decommissioning market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading oil & gas offshore decommissioning market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service, the market is segmented into Well Plugging & Abandonment, Platform Removal, Conductor Removal.
- On the basis of application, the market is segmented into Shallow water, Deepwater
- On the basis of structure, the market is segmented into Topsides, Substructure
The global oil & gas offshore decommissioning market is segmented on the basis of service, application, and structure.
MARKET DYNAMICS
Drivers:
- -
- The oil & gas offshore decommissioning market is expected to grow over the forecast period due to driving factors such as the growing number of obsolete offshore infrastructure and maturing oil and gas fields. Strict government regulations regarding the termination and termination of offshore operations are likely to further fuel market growth.
- The risks and high costs of decommissioning are some of the factors limiting the growth of the global oil & gas offshore decommissioning market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
COVID 19 affected 215 countries as well as oil & gas offshore decommissioning market trends. To combat the negative impact, countries are implementing lockdowns which have negatively impacted the oil & gas offshore decommissioning industry. The pandemic brings several challenges to the sector; it is affected worldwide. Factors such as the risk of uninterrupted production, supply chain, distribution, labour shortages and greatly reduced development activities have primarily impacted demand and continuous offers. People aren't as active as they used to be. Important strategic developments are underway. Multinationals are investing more in the offshore decommissioning sector due to the growing demand from consumers worldwide. The COVID-19 pandemic has negatively impacted the growth of the oil and gas industry around the world. Oil and gas companies worldwide have shut down their production and service facilities as countries have practised partial or full blockade measures to cope with the pandemic. Even offshore scrapping companies with an international footprint had to work on international travel and quarantine restrictions, forcing crew members to get through hitches for extended periods.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
COVID 19 affected 215 countries as well as oil & gas offshore decommissioning market trends. To combat the negative impact, countries are implementing lockdowns which have negatively impacted the oil & gas offshore decommissioning industry. The pandemic brings several challenges to the sector; it is affected worldwide. Factors such as the risk of uninterrupted production, supply chain, distribution, labour shortages and greatly reduced development activities have primarily impacted demand and continuous offers. People aren't as active as they used to be. Important strategic developments are underway. Multinationals are investing more in the offshore decommissioning sector due to the growing demand from consumers worldwide. The COVID-19 pandemic has negatively impacted the growth of the oil and gas industry around the world. Oil and gas companies worldwide have shut down their production and service facilities as countries have practised partial or full blockade measures to cope with the pandemic. Even offshore scrapping companies with an international footprint had to work on international travel and quarantine restrictions, forcing crew members to get through hitches for extended periods.
MARKET PLAYERS
The reports cover key developments in the oil & gas offshore decommissioning 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 oil & gas offshore decommissioning market are anticipated to lucrative growth opportunities in the future with the rising demand for oil & gas offshore decommissioning in the global market. Below mentioned is the list of few companies engaged in the oil & gas offshore decommissioning market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oil & gas offshore decommissioning 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.
- Aker Solutions
- Ramboll Group
- AF Gruppen
- TechniFMC
- John Wood Group Plc
- Heerema Marine Contractors
- Royal Boskalis Westminster N.V
- Petrofac
- Oceaneering International
- Baker Hughes Company
- 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 Oil And Gas Offshore Decommissioning Market - By Service
1.3.2 Oil And Gas Offshore Decommissioning Market - By Application
1.3.3 Oil And Gas Offshore Decommissioning Market - By Structure
1.3.4 Oil And Gas Offshore Decommissioning Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OIL AND GAS OFFSHORE DECOMMISSIONING 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. OIL AND GAS OFFSHORE DECOMMISSIONING 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. OIL AND GAS OFFSHORE DECOMMISSIONING MARKET - GLOBAL MARKET ANALYSIS
6.1. OIL AND GAS OFFSHORE DECOMMISSIONING - GLOBAL MARKET OVERVIEW
6.2. OIL AND GAS OFFSHORE DECOMMISSIONING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OIL AND GAS OFFSHORE DECOMMISSIONING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1. OVERVIEW
7.2. SERVICE MARKET FORECASTS AND ANALYSIS
7.3. WELL PLUGGING AND ABANDONMENT
7.3.1. Overview
7.3.2. Well Plugging and Abandonment Market Forecast and Analysis
7.4. PLATFORM REMOVAL
7.4.1. Overview
7.4.2. Platform Removal Market Forecast and Analysis
7.5. CONDUCTOR REMOVAL
7.5.1. Overview
7.5.2. Conductor Removal Market Forecast and Analysis
8. OIL AND GAS OFFSHORE DECOMMISSIONING 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. DEEPWATER
8.4.1. Overview
8.4.2. Deepwater Market Forecast and Analysis
9. OIL AND GAS OFFSHORE DECOMMISSIONING MARKET - REVENUE AND FORECASTS TO 2028 - STRUCTURE
9.1. OVERVIEW
9.2. STRUCTURE MARKET FORECASTS AND ANALYSIS
9.3. TOPSIDES
9.3.1. Overview
9.3.2. Topsides Market Forecast and Analysis
9.4. SUBSTRUCTURE
9.4.1. Overview
9.4.2. Substructure Market Forecast and Analysis
10. OIL AND GAS OFFSHORE DECOMMISSIONING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Oil And Gas Offshore Decommissioning Market Overview
10.1.2 North America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis
10.1.3 North America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Service
10.1.4 North America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Application
10.1.5 North America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Structure
10.1.6 North America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Countries
10.1.6.1 United States Oil And Gas Offshore Decommissioning Market
10.1.6.1.1 United States Oil And Gas Offshore Decommissioning Market by Service
10.1.6.1.2 United States Oil And Gas Offshore Decommissioning Market by Application
10.1.6.1.3 United States Oil And Gas Offshore Decommissioning Market by Structure
10.1.6.2 Canada Oil And Gas Offshore Decommissioning Market
10.1.6.2.1 Canada Oil And Gas Offshore Decommissioning Market by Service
10.1.6.2.2 Canada Oil And Gas Offshore Decommissioning Market by Application
10.1.6.2.3 Canada Oil And Gas Offshore Decommissioning Market by Structure
10.1.6.3 Mexico Oil And Gas Offshore Decommissioning Market
10.1.6.3.1 Mexico Oil And Gas Offshore Decommissioning Market by Service
10.1.6.3.2 Mexico Oil And Gas Offshore Decommissioning Market by Application
10.1.6.3.3 Mexico Oil And Gas Offshore Decommissioning Market by Structure
10.2. EUROPE
10.2.1 Europe Oil And Gas Offshore Decommissioning Market Overview
10.2.2 Europe Oil And Gas Offshore Decommissioning Market Forecasts and Analysis
10.2.3 Europe Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Service
10.2.4 Europe Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Application
10.2.5 Europe Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Structure
10.2.6 Europe Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Oil And Gas Offshore Decommissioning Market
10.2.6.1.1 Germany Oil And Gas Offshore Decommissioning Market by Service
10.2.6.1.2 Germany Oil And Gas Offshore Decommissioning Market by Application
10.2.6.1.3 Germany Oil And Gas Offshore Decommissioning Market by Structure
10.2.6.2 France Oil And Gas Offshore Decommissioning Market
10.2.6.2.1 France Oil And Gas Offshore Decommissioning Market by Service
10.2.6.2.2 France Oil And Gas Offshore Decommissioning Market by Application
10.2.6.2.3 France Oil And Gas Offshore Decommissioning Market by Structure
10.2.6.3 Italy Oil And Gas Offshore Decommissioning Market
10.2.6.3.1 Italy Oil And Gas Offshore Decommissioning Market by Service
10.2.6.3.2 Italy Oil And Gas Offshore Decommissioning Market by Application
10.2.6.3.3 Italy Oil And Gas Offshore Decommissioning Market by Structure
10.2.6.4 United Kingdom Oil And Gas Offshore Decommissioning Market
10.2.6.4.1 United Kingdom Oil And Gas Offshore Decommissioning Market by Service
10.2.6.4.2 United Kingdom Oil And Gas Offshore Decommissioning Market by Application
10.2.6.4.3 United Kingdom Oil And Gas Offshore Decommissioning Market by Structure
10.2.6.5 Russia Oil And Gas Offshore Decommissioning Market
10.2.6.5.1 Russia Oil And Gas Offshore Decommissioning Market by Service
10.2.6.5.2 Russia Oil And Gas Offshore Decommissioning Market by Application
10.2.6.5.3 Russia Oil And Gas Offshore Decommissioning Market by Structure
10.2.6.6 Rest of Europe Oil And Gas Offshore Decommissioning Market
10.2.6.6.1 Rest of Europe Oil And Gas Offshore Decommissioning Market by Service
10.2.6.6.2 Rest of Europe Oil And Gas Offshore Decommissioning Market by Application
10.2.6.6.3 Rest of Europe Oil And Gas Offshore Decommissioning Market by Structure
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Oil And Gas Offshore Decommissioning Market Overview
10.3.2 Asia-Pacific Oil And Gas Offshore Decommissioning Market Forecasts and Analysis
10.3.3 Asia-Pacific Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Service
10.3.4 Asia-Pacific Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Structure
10.3.6 Asia-Pacific Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Oil And Gas Offshore Decommissioning Market
10.3.6.1.1 Australia Oil And Gas Offshore Decommissioning Market by Service
10.3.6.1.2 Australia Oil And Gas Offshore Decommissioning Market by Application
10.3.6.1.3 Australia Oil And Gas Offshore Decommissioning Market by Structure
10.3.6.2 China Oil And Gas Offshore Decommissioning Market
10.3.6.2.1 China Oil And Gas Offshore Decommissioning Market by Service
10.3.6.2.2 China Oil And Gas Offshore Decommissioning Market by Application
10.3.6.2.3 China Oil And Gas Offshore Decommissioning Market by Structure
10.3.6.3 India Oil And Gas Offshore Decommissioning Market
10.3.6.3.1 India Oil And Gas Offshore Decommissioning Market by Service
10.3.6.3.2 India Oil And Gas Offshore Decommissioning Market by Application
10.3.6.3.3 India Oil And Gas Offshore Decommissioning Market by Structure
10.3.6.4 Japan Oil And Gas Offshore Decommissioning Market
10.3.6.4.1 Japan Oil And Gas Offshore Decommissioning Market by Service
10.3.6.4.2 Japan Oil And Gas Offshore Decommissioning Market by Application
10.3.6.4.3 Japan Oil And Gas Offshore Decommissioning Market by Structure
10.3.6.5 South Korea Oil And Gas Offshore Decommissioning Market
10.3.6.5.1 South Korea Oil And Gas Offshore Decommissioning Market by Service
10.3.6.5.2 South Korea Oil And Gas Offshore Decommissioning Market by Application
10.3.6.5.3 South Korea Oil And Gas Offshore Decommissioning Market by Structure
10.3.6.6 Rest of Asia-Pacific Oil And Gas Offshore Decommissioning Market
10.3.6.6.1 Rest of Asia-Pacific Oil And Gas Offshore Decommissioning Market by Service
10.3.6.6.2 Rest of Asia-Pacific Oil And Gas Offshore Decommissioning Market by Application
10.3.6.6.3 Rest of Asia-Pacific Oil And Gas Offshore Decommissioning Market by Structure
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Oil And Gas Offshore Decommissioning Market Overview
10.4.2 Middle East and Africa Oil And Gas Offshore Decommissioning Market Forecasts and Analysis
10.4.3 Middle East and Africa Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Service
10.4.4 Middle East and Africa Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Structure
10.4.6 Middle East and Africa Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Oil And Gas Offshore Decommissioning Market
10.4.6.1.1 South Africa Oil And Gas Offshore Decommissioning Market by Service
10.4.6.1.2 South Africa Oil And Gas Offshore Decommissioning Market by Application
10.4.6.1.3 South Africa Oil And Gas Offshore Decommissioning Market by Structure
10.4.6.2 Saudi Arabia Oil And Gas Offshore Decommissioning Market
10.4.6.2.1 Saudi Arabia Oil And Gas Offshore Decommissioning Market by Service
10.4.6.2.2 Saudi Arabia Oil And Gas Offshore Decommissioning Market by Application
10.4.6.2.3 Saudi Arabia Oil And Gas Offshore Decommissioning Market by Structure
10.4.6.3 U.A.E Oil And Gas Offshore Decommissioning Market
10.4.6.3.1 U.A.E Oil And Gas Offshore Decommissioning Market by Service
10.4.6.3.2 U.A.E Oil And Gas Offshore Decommissioning Market by Application
10.4.6.3.3 U.A.E Oil And Gas Offshore Decommissioning Market by Structure
10.4.6.4 Rest of Middle East and Africa Oil And Gas Offshore Decommissioning Market
10.4.6.4.1 Rest of Middle East and Africa Oil And Gas Offshore Decommissioning Market by Service
10.4.6.4.2 Rest of Middle East and Africa Oil And Gas Offshore Decommissioning Market by Application
10.4.6.4.3 Rest of Middle East and Africa Oil And Gas Offshore Decommissioning Market by Structure
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Oil And Gas Offshore Decommissioning Market Overview
10.5.2 South and Central America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis
10.5.3 South and Central America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Service
10.5.4 South and Central America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Application
10.5.5 South and Central America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Structure
10.5.6 South and Central America Oil And Gas Offshore Decommissioning Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Oil And Gas Offshore Decommissioning Market
10.5.6.1.1 Brazil Oil And Gas Offshore Decommissioning Market by Service
10.5.6.1.2 Brazil Oil And Gas Offshore Decommissioning Market by Application
10.5.6.1.3 Brazil Oil And Gas Offshore Decommissioning Market by Structure
10.5.6.2 Argentina Oil And Gas Offshore Decommissioning Market
10.5.6.2.1 Argentina Oil And Gas Offshore Decommissioning Market by Service
10.5.6.2.2 Argentina Oil And Gas Offshore Decommissioning Market by Application
10.5.6.2.3 Argentina Oil And Gas Offshore Decommissioning Market by Structure
10.5.6.3 Rest of South and Central America Oil And Gas Offshore Decommissioning Market
10.5.6.3.1 Rest of South and Central America Oil And Gas Offshore Decommissioning Market by Service
10.5.6.3.2 Rest of South and Central America Oil And Gas Offshore Decommissioning Market by Application
10.5.6.3.3 Rest of South and Central America Oil And Gas Offshore Decommissioning Market by Structure
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. OIL AND GAS OFFSHORE DECOMMISSIONING MARKET, KEY COMPANY PROFILES
12.1. AKER SOLUTIONS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. RAMBOLL GROUP
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. AF GRUPPEN
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. TECHNIFMC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. JOHN WOOD GROUP PLC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HEEREMA MARINE CONTRACTORS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ROYAL BOSKALIS WESTMINSTER N.V
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PETROFAC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. OCEANEERING INTERNATIONAL
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. BAKER HUGHES COMPANY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Aker Solutions
2.Ramboll Group
3.AF Gruppen
4.TechniFMC
5.John Wood Group Plc
6.Heerema Marine Contractors
7.Royal Boskalis Westminster N.V
8.Petrofac
9.Oceaneering International
10.Baker Hughes Company
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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