Oil and Gas Storage and Transportation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Transportation and storage of natural gas and crude oil is a major activity for the industry, sometimes known as the midstream segment. Truck, rail tank and ship loading are usually custody transfer measurements, when the products change ownership. Even in a pipeline system, flow, pressure and temperature instrumentation and analyzers are used for custody transfer measurements and pipeline conditions are monitored to ensure process safety, and for leak detection. At storage and distribution centres, process instruments are installed directly into the pipeline or storage tank, where tank gauging and safety systems ensure that tanks cannot be overfilled.
MARKET DYNAMICS
Increase in global oil and gas demand is driving the growth of oil & gas storage and transportation market. However, oversized equipment and remote location of drilling may restrain the growth of oil & gas storage and transportation market. Furthermore, rising consumption of fuel in the transportation sector, especially in emerging markets such as China, India, and Indonesia is anticipated to create a market opportunity for oil & gas storage and transportation market during the forecast period.
MARKET SCOPE
The "Global Oil and Gas Storage and Transportation Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The oil & gas storage and transportation market report aims to provide an overview of the oil & gas storage and transportation market with detailed market segmentation by type, application, and geography. The global oil & gas storage and transportation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oil & gas storage and transportation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global oil & gas storage and transportation market is segmented on the basis of type and application. Based on type, the oil & gas storage and transportation market is segmented into: marine vessels and platforms, control and instrumentation - oil and gas, pipe lines, and oilfield tools. On the basis of application, the oil & gas storage and transportation market is segmented into: crude oil, refined petroleum products, natural gas, liquefied natural gas, and others.
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 oil & gas storage and transportation market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The oil & gas storage and transportation market by each region is later sub-segmented by respective countries and segments. The oil & gas storage and transportation market 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 oil & gas storage and transportation 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 highlighting factors affecting the oil & gas storage and transportation market in these regions.
IMPACT OF COVID-19 ON OIL & GAS STORAGE AND TRANSPORTATION MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the oil & gas storage and transportation market. Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export thereby, disrupting the supply chain, which, in turn, hampered the oil & gas storage and transportation market growth in the second, third, and fourth quarter of 2021. However, the market recovered in the late year or by the first quarter of 2021 as the demand for oil & gas storage and transportation had increased.
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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 oil & gas storage and transportation market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The oil & gas storage and transportation market by each region is later sub-segmented by respective countries and segments. The oil & gas storage and transportation market 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 oil & gas storage and transportation 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 highlighting factors affecting the oil & gas storage and transportation market in these regions.
IMPACT OF COVID-19 ON OIL & GAS STORAGE AND TRANSPORTATION MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the oil & gas storage and transportation market. Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export thereby, disrupting the supply chain, which, in turn, hampered the oil & gas storage and transportation market growth in the second, third, and fourth quarter of 2021. However, the market recovered in the late year or by the first quarter of 2021 as the demand for oil & gas storage and transportation had increased.
MARKET PLAYERS
The reports cover key developments in the oil & gas storage and transportation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from oil & gas storage and transportation market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the oil & gas storage and transportation market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oil & gas storage and transportation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amec Foster Wheeler
- Buckeye
- Centrica
- CIM-CCMP
- GDF SUEZ
- Magellan Midstream
Oniska Gas Storage
- Royal Vopak
- Vitol Group
- WorleyParsons
- 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 Storage And Transportation Market - By Type
1.3.2 Oil And Gas Storage And Transportation Market - By Application
1.3.3 Oil And Gas Storage And Transportation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OIL AND GAS STORAGE AND TRANSPORTATION 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 STORAGE AND TRANSPORTATION 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 STORAGE AND TRANSPORTATION MARKET - GLOBAL MARKET ANALYSIS
6.1. OIL AND GAS STORAGE AND TRANSPORTATION - GLOBAL MARKET OVERVIEW
6.2. OIL AND GAS STORAGE AND TRANSPORTATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OIL AND GAS STORAGE AND TRANSPORTATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MARINE VESSELS AND PLATFORMS
7.3.1. Overview
7.3.2. Marine Vessels and Platforms Market Forecast and Analysis
7.4. CONTROL AND INSTRUMENTATION - OIL AND GAS
7.4.1. Overview
7.4.2. Control and Instrumentation - Oil and Gas Market Forecast and Analysis
7.5. PIPE LINES
7.5.1. Overview
7.5.2. Pipe Lines Market Forecast and Analysis
7.6. OILFIELD TOOLS
7.6.1. Overview
7.6.2. Oilfield Tools Market Forecast and Analysis
8. OIL AND GAS STORAGE AND TRANSPORTATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CRUDE OIL
8.3.1. Overview
8.3.2. Crude Oil Market Forecast and Analysis
8.4. REFINED PETROLEUM PRODUCTS
8.4.1. Overview
8.4.2. Refined Petroleum Products Market Forecast and Analysis
8.5. NATURAL GAS
8.5.1. Overview
8.5.2. Natural Gas Market Forecast and Analysis
8.6. LIQUEFIED NATURAL GAS
8.6.1. Overview
8.6.2. Liquefied Natural Gas Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. OIL AND GAS STORAGE AND TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Oil And Gas Storage And Transportation Market Overview
9.1.2 North America Oil And Gas Storage And Transportation Market Forecasts and Analysis
9.1.3 North America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Type
9.1.4 North America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Application
9.1.5 North America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Oil And Gas Storage And Transportation Market
9.1.5.1.1 United States Oil And Gas Storage And Transportation Market by Type
9.1.5.1.2 United States Oil And Gas Storage And Transportation Market by Application
9.1.5.2 Canada Oil And Gas Storage And Transportation Market
9.1.5.2.1 Canada Oil And Gas Storage And Transportation Market by Type
9.1.5.2.2 Canada Oil And Gas Storage And Transportation Market by Application
9.1.5.3 Mexico Oil And Gas Storage And Transportation Market
9.1.5.3.1 Mexico Oil And Gas Storage And Transportation Market by Type
9.1.5.3.2 Mexico Oil And Gas Storage And Transportation Market by Application
9.2. EUROPE
9.2.1 Europe Oil And Gas Storage And Transportation Market Overview
9.2.2 Europe Oil And Gas Storage And Transportation Market Forecasts and Analysis
9.2.3 Europe Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Type
9.2.4 Europe Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Application
9.2.5 Europe Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Oil And Gas Storage And Transportation Market
9.2.5.1.1 Germany Oil And Gas Storage And Transportation Market by Type
9.2.5.1.2 Germany Oil And Gas Storage And Transportation Market by Application
9.2.5.2 France Oil And Gas Storage And Transportation Market
9.2.5.2.1 France Oil And Gas Storage And Transportation Market by Type
9.2.5.2.2 France Oil And Gas Storage And Transportation Market by Application
9.2.5.3 Italy Oil And Gas Storage And Transportation Market
9.2.5.3.1 Italy Oil And Gas Storage And Transportation Market by Type
9.2.5.3.2 Italy Oil And Gas Storage And Transportation Market by Application
9.2.5.4 United Kingdom Oil And Gas Storage And Transportation Market
9.2.5.4.1 United Kingdom Oil And Gas Storage And Transportation Market by Type
9.2.5.4.2 United Kingdom Oil And Gas Storage And Transportation Market by Application
9.2.5.5 Russia Oil And Gas Storage And Transportation Market
9.2.5.5.1 Russia Oil And Gas Storage And Transportation Market by Type
9.2.5.5.2 Russia Oil And Gas Storage And Transportation Market by Application
9.2.5.6 Rest of Europe Oil And Gas Storage And Transportation Market
9.2.5.6.1 Rest of Europe Oil And Gas Storage And Transportation Market by Type
9.2.5.6.2 Rest of Europe Oil And Gas Storage And Transportation Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Oil And Gas Storage And Transportation Market Overview
9.3.2 Asia-Pacific Oil And Gas Storage And Transportation Market Forecasts and Analysis
9.3.3 Asia-Pacific Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Oil And Gas Storage And Transportation Market
9.3.5.1.1 Australia Oil And Gas Storage And Transportation Market by Type
9.3.5.1.2 Australia Oil And Gas Storage And Transportation Market by Application
9.3.5.2 China Oil And Gas Storage And Transportation Market
9.3.5.2.1 China Oil And Gas Storage And Transportation Market by Type
9.3.5.2.2 China Oil And Gas Storage And Transportation Market by Application
9.3.5.3 India Oil And Gas Storage And Transportation Market
9.3.5.3.1 India Oil And Gas Storage And Transportation Market by Type
9.3.5.3.2 India Oil And Gas Storage And Transportation Market by Application
9.3.5.4 Japan Oil And Gas Storage And Transportation Market
9.3.5.4.1 Japan Oil And Gas Storage And Transportation Market by Type
9.3.5.4.2 Japan Oil And Gas Storage And Transportation Market by Application
9.3.5.5 South Korea Oil And Gas Storage And Transportation Market
9.3.5.5.1 South Korea Oil And Gas Storage And Transportation Market by Type
9.3.5.5.2 South Korea Oil And Gas Storage And Transportation Market by Application
9.3.5.6 Rest of Asia-Pacific Oil And Gas Storage And Transportation Market
9.3.5.6.1 Rest of Asia-Pacific Oil And Gas Storage And Transportation Market by Type
9.3.5.6.2 Rest of Asia-Pacific Oil And Gas Storage And Transportation Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Oil And Gas Storage And Transportation Market Overview
9.4.2 Middle East and Africa Oil And Gas Storage And Transportation Market Forecasts and Analysis
9.4.3 Middle East and Africa Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Oil And Gas Storage And Transportation Market
9.4.5.1.1 South Africa Oil And Gas Storage And Transportation Market by Type
9.4.5.1.2 South Africa Oil And Gas Storage And Transportation Market by Application
9.4.5.2 Saudi Arabia Oil And Gas Storage And Transportation Market
9.4.5.2.1 Saudi Arabia Oil And Gas Storage And Transportation Market by Type
9.4.5.2.2 Saudi Arabia Oil And Gas Storage And Transportation Market by Application
9.4.5.3 U.A.E Oil And Gas Storage And Transportation Market
9.4.5.3.1 U.A.E Oil And Gas Storage And Transportation Market by Type
9.4.5.3.2 U.A.E Oil And Gas Storage And Transportation Market by Application
9.4.5.4 Rest of Middle East and Africa Oil And Gas Storage And Transportation Market
9.4.5.4.1 Rest of Middle East and Africa Oil And Gas Storage And Transportation Market by Type
9.4.5.4.2 Rest of Middle East and Africa Oil And Gas Storage And Transportation Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Oil And Gas Storage And Transportation Market Overview
9.5.2 South and Central America Oil And Gas Storage And Transportation Market Forecasts and Analysis
9.5.3 South and Central America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Type
9.5.4 South and Central America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Application
9.5.5 South and Central America Oil And Gas Storage And Transportation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Oil And Gas Storage And Transportation Market
9.5.5.1.1 Brazil Oil And Gas Storage And Transportation Market by Type
9.5.5.1.2 Brazil Oil And Gas Storage And Transportation Market by Application
9.5.5.2 Argentina Oil And Gas Storage And Transportation Market
9.5.5.2.1 Argentina Oil And Gas Storage And Transportation Market by Type
9.5.5.2.2 Argentina Oil And Gas Storage And Transportation Market by Application
9.5.5.3 Rest of South and Central America Oil And Gas Storage And Transportation Market
9.5.5.3.1 Rest of South and Central America Oil And Gas Storage And Transportation Market by Type
9.5.5.3.2 Rest of South and Central America Oil And Gas Storage And Transportation 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. OIL AND GAS STORAGE AND TRANSPORTATION MARKET, KEY COMPANY PROFILES
11.1. AMEC FOSTER WHEELER
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. BUCKEYE
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. CENTRICA
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. CIM-CCMP
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. GDF SUEZ
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. MAGELLAN MIDSTREAM
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. NISKA GAS 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. ROYAL VOPAK
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. VITOL GROUP
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. WORLEYPARSONS
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.Amec Foster Wheeler
2.Buckeye
3.Centrica
4.CIM-CCMP
5.GDF SUEZ
6.Magellan Midstream
7.Niska Gas Storage
8.Royal Vopak
9.Vitol Group
10.WorleyParsons
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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