Oil Storage Market Strategies and Share 2031
MARKET OVERVIEW
The oil & gas sector has expanded at an impressive rate over the past couple of decades, owing to increasing demand from an array of end-use industries. As the demand for different types of oil, including gasoline, aviation fuel, middle distillates, and crude oil continues to grow at an impressive rate, oil storage has emerged as an important requirement. Players operating in the oil storage market are increasingly investing resources in new technologies, production of oil storage products, and oil storage techniques to establish a solid foothold in the current market landscape.
MARKET SCOPE
The "Global Oil storage Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oil storage market with detailed market segmentation by type, material, product design, and geography. The global oil storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oil storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global oil storage market is segmented on the basis of type, material, and product design.
- On the basis of type, the oil storage market is segmented into crude oil, middle distillates, aviation fuel, and others.
- The oil storage market on the basis of the material is classified into steel, fiber-reinforced plastic, and carbon steel.
- Similarly, on the basis of product design the oil storage market is bifurcated into open top, fixed roof, floating roof, and others.
MARKET DYNAMICS
Drivers
- Several Countries Explore Possibility of Building New Oil Storage Systems to Cater to Demand.
- Increasing oil & gas production activities along with the growing demand for crude oil in several end-use sectors are expected to drive the market over the forecast period.
Restraints
- High cost may hamper the 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 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 oil storage oil 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 oil storage oil market in these regions.
IMPACT OF COVID-19 ON OIL STORAGE MARKET
The ongoing COVID-19 pandemic is expected to have a moderate impact on the global oil storage market. As onshore tanks and storage alternatives in several major nations, including the U.S. and India are nearly full, market players are increasingly eyeing opportunities in these regions to cater to the demand for new oil storage alternatives. Traders and refiners are increasingly exploring new alternatives such as floating storage to fulfil the growing demand for oil storage alternatives. As the lockdown restrictions around the world continue to ease out, the supply chain across the oil storage market is showing signs of recovery.
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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 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 oil storage oil 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 oil storage oil market in these regions.
IMPACT OF COVID-19 ON OIL STORAGE MARKET
The ongoing COVID-19 pandemic is expected to have a moderate impact on the global oil storage market. As onshore tanks and storage alternatives in several major nations, including the U.S. and India are nearly full, market players are increasingly eyeing opportunities in these regions to cater to the demand for new oil storage alternatives. Traders and refiners are increasingly exploring new alternatives such as floating storage to fulfil the growing demand for oil storage alternatives. As the lockdown restrictions around the world continue to ease out, the supply chain across the oil storage market is showing signs of recovery.
MARKET PLAYERS
The report covers key developments in the oil storage oil market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from oil storage oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for oil storage market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Oil storage 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.
- Royal Vopak N.V.
- Vitol
- Oiltanking GmbH
- Ghazanfar Group
- NuStar Energy L.P.
- Magellan Midstream Partners L.P.
- International-matex Tank Terminals Inc
- Horizon Terminals Ltd
- CLH Group
- CIM-CCMP Group
- Buckeye Partners L.P.
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.
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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.
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 Oil Storage Market - By Type
1.3.2 Oil Storage Market - By Material
1.3.3 Oil Storage Market - By Product Design
1.3.4 Oil Storage Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OIL STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. OIL STORAGE 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 STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. OIL STORAGE - GLOBAL MARKET OVERVIEW
6.2. OIL STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OIL STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CRUDE OIL
7.3.1. Overview
7.3.2. Crude oil Market Forecast and Analysis
7.4. MIDDLE DISTILLATES
7.4.1. Overview
7.4.2. Middle Distillates Market Forecast and Analysis
7.5. AVIATION FUEL
7.5.1. Overview
7.5.2. Aviation fuel Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. OIL STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. STEEL
8.3.1. Overview
8.3.2. Steel Market Forecast and Analysis
8.4. FIBER-REINFORCED PLASTIC (FRP)
8.4.1. Overview
8.4.2. Fiber-reinforced plastic (FRP) Market Forecast and Analysis
8.5. CARBON STEEL
8.5.1. Overview
8.5.2. Carbon Steel Market Forecast and Analysis
9. OIL STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT DESIGN
9.1. OVERVIEW
9.2. PRODUCT DESIGN MARKET FORECASTS AND ANALYSIS
9.3. OPEN TOP
9.3.1. Overview
9.3.2. Open top Market Forecast and Analysis
9.4. FIXED ROOF
9.4.1. Overview
9.4.2. Fixed roof Market Forecast and Analysis
9.5. FLOATING ROOF
9.5.1. Overview
9.5.2. Floating roof Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. OIL STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Oil Storage Market Overview
10.1.2 North America Oil Storage Market Forecasts and Analysis
10.1.3 North America Oil Storage Market Forecasts and Analysis - By Type
10.1.4 North America Oil Storage Market Forecasts and Analysis - By Material
10.1.5 North America Oil Storage Market Forecasts and Analysis - By Product Design
10.1.6 North America Oil Storage Market Forecasts and Analysis - By Countries
10.1.6.1 United States Oil Storage Market
10.1.6.1.1 United States Oil Storage Market by Type
10.1.6.1.2 United States Oil Storage Market by Material
10.1.6.1.3 United States Oil Storage Market by Product Design
10.1.6.2 Canada Oil Storage Market
10.1.6.2.1 Canada Oil Storage Market by Type
10.1.6.2.2 Canada Oil Storage Market by Material
10.1.6.2.3 Canada Oil Storage Market by Product Design
10.1.6.3 Mexico Oil Storage Market
10.1.6.3.1 Mexico Oil Storage Market by Type
10.1.6.3.2 Mexico Oil Storage Market by Material
10.1.6.3.3 Mexico Oil Storage Market by Product Design
10.2. EUROPE
10.2.1 Europe Oil Storage Market Overview
10.2.2 Europe Oil Storage Market Forecasts and Analysis
10.2.3 Europe Oil Storage Market Forecasts and Analysis - By Type
10.2.4 Europe Oil Storage Market Forecasts and Analysis - By Material
10.2.5 Europe Oil Storage Market Forecasts and Analysis - By Product Design
10.2.6 Europe Oil Storage Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Oil Storage Market
10.2.6.1.1 Germany Oil Storage Market by Type
10.2.6.1.2 Germany Oil Storage Market by Material
10.2.6.1.3 Germany Oil Storage Market by Product Design
10.2.6.2 France Oil Storage Market
10.2.6.2.1 France Oil Storage Market by Type
10.2.6.2.2 France Oil Storage Market by Material
10.2.6.2.3 France Oil Storage Market by Product Design
10.2.6.3 Italy Oil Storage Market
10.2.6.3.1 Italy Oil Storage Market by Type
10.2.6.3.2 Italy Oil Storage Market by Material
10.2.6.3.3 Italy Oil Storage Market by Product Design
10.2.6.4 United Kingdom Oil Storage Market
10.2.6.4.1 United Kingdom Oil Storage Market by Type
10.2.6.4.2 United Kingdom Oil Storage Market by Material
10.2.6.4.3 United Kingdom Oil Storage Market by Product Design
10.2.6.5 Russia Oil Storage Market
10.2.6.5.1 Russia Oil Storage Market by Type
10.2.6.5.2 Russia Oil Storage Market by Material
10.2.6.5.3 Russia Oil Storage Market by Product Design
10.2.6.6 Rest of Europe Oil Storage Market
10.2.6.6.1 Rest of Europe Oil Storage Market by Type
10.2.6.6.2 Rest of Europe Oil Storage Market by Material
10.2.6.6.3 Rest of Europe Oil Storage Market by Product Design
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Oil Storage Market Overview
10.3.2 Asia-Pacific Oil Storage Market Forecasts and Analysis
10.3.3 Asia-Pacific Oil Storage Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Oil Storage Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Oil Storage Market Forecasts and Analysis - By Product Design
10.3.6 Asia-Pacific Oil Storage Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Oil Storage Market
10.3.6.1.1 Australia Oil Storage Market by Type
10.3.6.1.2 Australia Oil Storage Market by Material
10.3.6.1.3 Australia Oil Storage Market by Product Design
10.3.6.2 China Oil Storage Market
10.3.6.2.1 China Oil Storage Market by Type
10.3.6.2.2 China Oil Storage Market by Material
10.3.6.2.3 China Oil Storage Market by Product Design
10.3.6.3 India Oil Storage Market
10.3.6.3.1 India Oil Storage Market by Type
10.3.6.3.2 India Oil Storage Market by Material
10.3.6.3.3 India Oil Storage Market by Product Design
10.3.6.4 Japan Oil Storage Market
10.3.6.4.1 Japan Oil Storage Market by Type
10.3.6.4.2 Japan Oil Storage Market by Material
10.3.6.4.3 Japan Oil Storage Market by Product Design
10.3.6.5 South Korea Oil Storage Market
10.3.6.5.1 South Korea Oil Storage Market by Type
10.3.6.5.2 South Korea Oil Storage Market by Material
10.3.6.5.3 South Korea Oil Storage Market by Product Design
10.3.6.6 Rest of Asia-Pacific Oil Storage Market
10.3.6.6.1 Rest of Asia-Pacific Oil Storage Market by Type
10.3.6.6.2 Rest of Asia-Pacific Oil Storage Market by Material
10.3.6.6.3 Rest of Asia-Pacific Oil Storage Market by Product Design
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Oil Storage Market Overview
10.4.2 Middle East and Africa Oil Storage Market Forecasts and Analysis
10.4.3 Middle East and Africa Oil Storage Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Oil Storage Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Oil Storage Market Forecasts and Analysis - By Product Design
10.4.6 Middle East and Africa Oil Storage Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Oil Storage Market
10.4.6.1.1 South Africa Oil Storage Market by Type
10.4.6.1.2 South Africa Oil Storage Market by Material
10.4.6.1.3 South Africa Oil Storage Market by Product Design
10.4.6.2 Saudi Arabia Oil Storage Market
10.4.6.2.1 Saudi Arabia Oil Storage Market by Type
10.4.6.2.2 Saudi Arabia Oil Storage Market by Material
10.4.6.2.3 Saudi Arabia Oil Storage Market by Product Design
10.4.6.3 U.A.E Oil Storage Market
10.4.6.3.1 U.A.E Oil Storage Market by Type
10.4.6.3.2 U.A.E Oil Storage Market by Material
10.4.6.3.3 U.A.E Oil Storage Market by Product Design
10.4.6.4 Rest of Middle East and Africa Oil Storage Market
10.4.6.4.1 Rest of Middle East and Africa Oil Storage Market by Type
10.4.6.4.2 Rest of Middle East and Africa Oil Storage Market by Material
10.4.6.4.3 Rest of Middle East and Africa Oil Storage Market by Product Design
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Oil Storage Market Overview
10.5.2 South and Central America Oil Storage Market Forecasts and Analysis
10.5.3 South and Central America Oil Storage Market Forecasts and Analysis - By Type
10.5.4 South and Central America Oil Storage Market Forecasts and Analysis - By Material
10.5.5 South and Central America Oil Storage Market Forecasts and Analysis - By Product Design
10.5.6 South and Central America Oil Storage Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Oil Storage Market
10.5.6.1.1 Brazil Oil Storage Market by Type
10.5.6.1.2 Brazil Oil Storage Market by Material
10.5.6.1.3 Brazil Oil Storage Market by Product Design
10.5.6.2 Argentina Oil Storage Market
10.5.6.2.1 Argentina Oil Storage Market by Type
10.5.6.2.2 Argentina Oil Storage Market by Material
10.5.6.2.3 Argentina Oil Storage Market by Product Design
10.5.6.3 Rest of South and Central America Oil Storage Market
10.5.6.3.1 Rest of South and Central America Oil Storage Market by Type
10.5.6.3.2 Rest of South and Central America Oil Storage Market by Material
10.5.6.3.3 Rest of South and Central America Oil Storage Market by Product Design
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 STORAGE MARKET, KEY COMPANY PROFILES
12.1. BELCO MANUFACTURING CO. INC
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. CONTAINMENT SOLUTIONS, INC.
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. CST INDUSTRIES, INC.
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. L.F. MANUFACTURING, INC.
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. OILTANKING GMBH
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. POLY PROCESSING
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. RED EWALD
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. SYNALLOY CORPORATION
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. TUFFA TANKS
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. ZCL COMPOSITES (SHAWCOR LTD.)
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
The List Of Companies
- Belco Manufacturing Co. Inc
- Containment Solutions, Inc.
- CST Industries, Inc.
- L.F. Manufacturing, Inc.
- Oiltanking GmbH
- Poly Processing
- Red Ewald
- Synalloy Corporation
- Tuffa Tanks
- ZCL Composites (Shawcor Ltd.)
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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