Portable Battery Market Strategies and Share 2031
A portable battery, often known as a battery pack, is a sealed battery that can be easily carried by hand and is not an automobile or industrial battery. A portable battery is an electrical storage device that can be charged and discharged into a load. Portable batteries are used in a variety of industries, including the electrical and automotive industries. Factors such as rapid development of portable electronic gadgets is creating profitable opportunities for the portable battery market in the forecast period.
MARKET DYNAMICS
The rapid rise in global warming and increase in favorable policies by the government toward electric vehicle are driving the growth of the portable battery market. Adoption of new technology may restrain the growth of the portable battery market. Furthermore rise in construction activities of infrastructure across the developing countries is anticipated to create market opportunities for the portable battery market during the forecast period.
MARKET SCOPE
The "Global Portable Battery Market Analysis to 2031" is a specialized and in-depth study of the portable battery market with a special focus on the global market trend analysis. The report aims to provide an overview of portable battery market with detailed market segmentation by technology, capacity, application, and geography. The global portable battery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading portable battery market players and offers key trends and opportunities in the portable battery market.
MARKET SEGMENTATION
The global portable battery market is segmented on the basis of by technology, capacity, and application. On the basis of technology the market is segmented into lead acid, nickel metal hydride, lithium-ion polymer, nickel-cadmium, and others. Based on capacity the market is segmented into 0-3000mAh, 3000-5000mAh, 5100-10000mAh, and others (range more than 10,000mAh). Based on application the market is segmented into smart phones, tablets, portable media players, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global portable battery market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The portable battery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting portable battery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the portable battery market in these regions.
IMPACT OF COVID-19 HYDRAULIC TURBINE MARKET
Government laws aimed at preventing the spread of the coronavirus have had a negative influence on the development of most commercial and industrial markets around the world. The COVID-19 pandemic has had a substantial impact on the portable battery business, with most commercial electronics companies delaying product launches. Due to a lack of raw materials, the virus spread has triggered an economic and power crisis. The majority of the world's countries rely on imported fossil fuels to create power. This is one of the elements that contributed to the power outage during the pandemic. To overcome with the situation, the government has invested into the development of alternative energy sources including solar and wind energy. Increase in awareness among people regarding the environment and healthcare during the pandemic time leads to the development of portable medical equipment, which, in turn, has increased the adoption of electric power-driven vehicles in commercial and industrial sectors. Moreover, after the mid-2021, the relaxation in lockdown and international transportation, the industry is recovering and is expected to grow in the forecast period.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global portable battery market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The portable battery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting portable battery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the portable battery market in these regions.
IMPACT OF COVID-19 HYDRAULIC TURBINE MARKET
Government laws aimed at preventing the spread of the coronavirus have had a negative influence on the development of most commercial and industrial markets around the world. The COVID-19 pandemic has had a substantial impact on the portable battery business, with most commercial electronics companies delaying product launches. Due to a lack of raw materials, the virus spread has triggered an economic and power crisis. The majority of the world's countries rely on imported fossil fuels to create power. This is one of the elements that contributed to the power outage during the pandemic. To overcome with the situation, the government has invested into the development of alternative energy sources including solar and wind energy. Increase in awareness among people regarding the environment and healthcare during the pandemic time leads to the development of portable medical equipment, which, in turn, has increased the adoption of electric power-driven vehicles in commercial and industrial sectors. Moreover, after the mid-2021, the relaxation in lockdown and international transportation, the industry is recovering and is expected to grow in the forecast period.
MARKET PLAYERS
The reports cover key developments in the portable battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from portable battery market are anticipated to lucrative growth opportunities in the future with the rising demand for portable battery market. Below mentioned is the list of few companies engaged in the portable battery market.
The report also includes the profiles of key portable battery market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- A123 Systems LLC
- BYD Company Ltd.
- Contemporary Amperax Technology Co., Limited.
- eCobalt Solutions
- Johnson Controls
- LG Chem
- Panasonic Corporation
- Samsung
- Tesla Inc
- Toshiba Corporation.
- 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.
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 Portable Battery Market - By Technology
1.3.2 Portable Battery Market - By Capacity
1.3.3 Portable Battery Market - By Application
1.3.4 Portable Battery Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PORTABLE BATTERY 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. PORTABLE BATTERY 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. PORTABLE BATTERY MARKET - GLOBAL MARKET ANALYSIS
6.1. PORTABLE BATTERY - GLOBAL MARKET OVERVIEW
6.2. PORTABLE BATTERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PORTABLE BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. LEAD ACID
7.3.1. Overview
7.3.2. Lead Acid Market Forecast and Analysis
7.4. NICKEL METAL HYDRIDE
7.4.1. Overview
7.4.2. Nickel Metal Hydride Market Forecast and Analysis
7.5. LITHIUM-ION POLYMER
7.5.1. Overview
7.5.2. Lithium-Ion Polymer Market Forecast and Analysis
7.6. NICKEL-CADMIUM
7.6.1. Overview
7.6.2. Nickel-Cadmium Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PORTABLE BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
8.1. OVERVIEW
8.2. CAPACITY MARKET FORECASTS AND ANALYSIS
8.3. 0-3000MAH
8.3.1. Overview
8.3.2. 0-3000mAh Market Forecast and Analysis
8.4. 3000-5000MAH
8.4.1. Overview
8.4.2. 3000-5000mAh Market Forecast and Analysis
8.5. 5100-10000MAH
8.5.1. Overview
8.5.2. 5100-10000mAh Market Forecast and Analysis
8.6. OTHERS (RANGE MORE THAN 10
8.6.1. Overview
8.6.2. Others (range more than 10 Market Forecast and Analysis
8.7. 000MAH)
8.7.1. Overview
8.7.2. 000mAh) Market Forecast and Analysis
9. PORTABLE BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SMART PHONES
9.3.1. Overview
9.3.2. Smart Phones Market Forecast and Analysis
9.4. TABLETS
9.4.1. Overview
9.4.2. Tablets Market Forecast and Analysis
9.5. PORTABLE MEDIA PLAYERS
9.5.1. Overview
9.5.2. Portable Media Players Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. PORTABLE BATTERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Portable Battery Market Overview
10.1.2 North America Portable Battery Market Forecasts and Analysis
10.1.3 North America Portable Battery Market Forecasts and Analysis - By Technology
10.1.4 North America Portable Battery Market Forecasts and Analysis - By Capacity
10.1.5 North America Portable Battery Market Forecasts and Analysis - By Application
10.1.6 North America Portable Battery Market Forecasts and Analysis - By Countries
10.1.6.1 United States Portable Battery Market
10.1.6.1.1 United States Portable Battery Market by Technology
10.1.6.1.2 United States Portable Battery Market by Capacity
10.1.6.1.3 United States Portable Battery Market by Application
10.1.6.2 Canada Portable Battery Market
10.1.6.2.1 Canada Portable Battery Market by Technology
10.1.6.2.2 Canada Portable Battery Market by Capacity
10.1.6.2.3 Canada Portable Battery Market by Application
10.1.6.3 Mexico Portable Battery Market
10.1.6.3.1 Mexico Portable Battery Market by Technology
10.1.6.3.2 Mexico Portable Battery Market by Capacity
10.1.6.3.3 Mexico Portable Battery Market by Application
10.2. EUROPE
10.2.1 Europe Portable Battery Market Overview
10.2.2 Europe Portable Battery Market Forecasts and Analysis
10.2.3 Europe Portable Battery Market Forecasts and Analysis - By Technology
10.2.4 Europe Portable Battery Market Forecasts and Analysis - By Capacity
10.2.5 Europe Portable Battery Market Forecasts and Analysis - By Application
10.2.6 Europe Portable Battery Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Portable Battery Market
10.2.6.1.1 Germany Portable Battery Market by Technology
10.2.6.1.2 Germany Portable Battery Market by Capacity
10.2.6.1.3 Germany Portable Battery Market by Application
10.2.6.2 France Portable Battery Market
10.2.6.2.1 France Portable Battery Market by Technology
10.2.6.2.2 France Portable Battery Market by Capacity
10.2.6.2.3 France Portable Battery Market by Application
10.2.6.3 Italy Portable Battery Market
10.2.6.3.1 Italy Portable Battery Market by Technology
10.2.6.3.2 Italy Portable Battery Market by Capacity
10.2.6.3.3 Italy Portable Battery Market by Application
10.2.6.4 United Kingdom Portable Battery Market
10.2.6.4.1 United Kingdom Portable Battery Market by Technology
10.2.6.4.2 United Kingdom Portable Battery Market by Capacity
10.2.6.4.3 United Kingdom Portable Battery Market by Application
10.2.6.5 Russia Portable Battery Market
10.2.6.5.1 Russia Portable Battery Market by Technology
10.2.6.5.2 Russia Portable Battery Market by Capacity
10.2.6.5.3 Russia Portable Battery Market by Application
10.2.6.6 Rest of Europe Portable Battery Market
10.2.6.6.1 Rest of Europe Portable Battery Market by Technology
10.2.6.6.2 Rest of Europe Portable Battery Market by Capacity
10.2.6.6.3 Rest of Europe Portable Battery Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Portable Battery Market Overview
10.3.2 Asia-Pacific Portable Battery Market Forecasts and Analysis
10.3.3 Asia-Pacific Portable Battery Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Portable Battery Market Forecasts and Analysis - By Capacity
10.3.5 Asia-Pacific Portable Battery Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Portable Battery Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Portable Battery Market
10.3.6.1.1 Australia Portable Battery Market by Technology
10.3.6.1.2 Australia Portable Battery Market by Capacity
10.3.6.1.3 Australia Portable Battery Market by Application
10.3.6.2 China Portable Battery Market
10.3.6.2.1 China Portable Battery Market by Technology
10.3.6.2.2 China Portable Battery Market by Capacity
10.3.6.2.3 China Portable Battery Market by Application
10.3.6.3 India Portable Battery Market
10.3.6.3.1 India Portable Battery Market by Technology
10.3.6.3.2 India Portable Battery Market by Capacity
10.3.6.3.3 India Portable Battery Market by Application
10.3.6.4 Japan Portable Battery Market
10.3.6.4.1 Japan Portable Battery Market by Technology
10.3.6.4.2 Japan Portable Battery Market by Capacity
10.3.6.4.3 Japan Portable Battery Market by Application
10.3.6.5 South Korea Portable Battery Market
10.3.6.5.1 South Korea Portable Battery Market by Technology
10.3.6.5.2 South Korea Portable Battery Market by Capacity
10.3.6.5.3 South Korea Portable Battery Market by Application
10.3.6.6 Rest of Asia-Pacific Portable Battery Market
10.3.6.6.1 Rest of Asia-Pacific Portable Battery Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Portable Battery Market by Capacity
10.3.6.6.3 Rest of Asia-Pacific Portable Battery Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Portable Battery Market Overview
10.4.2 Middle East and Africa Portable Battery Market Forecasts and Analysis
10.4.3 Middle East and Africa Portable Battery Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Portable Battery Market Forecasts and Analysis - By Capacity
10.4.5 Middle East and Africa Portable Battery Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Portable Battery Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Portable Battery Market
10.4.6.1.1 South Africa Portable Battery Market by Technology
10.4.6.1.2 South Africa Portable Battery Market by Capacity
10.4.6.1.3 South Africa Portable Battery Market by Application
10.4.6.2 Saudi Arabia Portable Battery Market
10.4.6.2.1 Saudi Arabia Portable Battery Market by Technology
10.4.6.2.2 Saudi Arabia Portable Battery Market by Capacity
10.4.6.2.3 Saudi Arabia Portable Battery Market by Application
10.4.6.3 U.A.E Portable Battery Market
10.4.6.3.1 U.A.E Portable Battery Market by Technology
10.4.6.3.2 U.A.E Portable Battery Market by Capacity
10.4.6.3.3 U.A.E Portable Battery Market by Application
10.4.6.4 Rest of Middle East and Africa Portable Battery Market
10.4.6.4.1 Rest of Middle East and Africa Portable Battery Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Portable Battery Market by Capacity
10.4.6.4.3 Rest of Middle East and Africa Portable Battery Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Portable Battery Market Overview
10.5.2 South and Central America Portable Battery Market Forecasts and Analysis
10.5.3 South and Central America Portable Battery Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Portable Battery Market Forecasts and Analysis - By Capacity
10.5.5 South and Central America Portable Battery Market Forecasts and Analysis - By Application
10.5.6 South and Central America Portable Battery Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Portable Battery Market
10.5.6.1.1 Brazil Portable Battery Market by Technology
10.5.6.1.2 Brazil Portable Battery Market by Capacity
10.5.6.1.3 Brazil Portable Battery Market by Application
10.5.6.2 Argentina Portable Battery Market
10.5.6.2.1 Argentina Portable Battery Market by Technology
10.5.6.2.2 Argentina Portable Battery Market by Capacity
10.5.6.2.3 Argentina Portable Battery Market by Application
10.5.6.3 Rest of South and Central America Portable Battery Market
10.5.6.3.1 Rest of South and Central America Portable Battery Market by Technology
10.5.6.3.2 Rest of South and Central America Portable Battery Market by Capacity
10.5.6.3.3 Rest of South and Central America Portable Battery Market by Application
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. PORTABLE BATTERY MARKET, KEY COMPANY PROFILES
12.1. A123 SYSTEMS LLC
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. BYD COMPANY LTD.
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. CONTEMPORARY AMPERAX TECHNOLOGY CO., LIMITED.
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. ECOBALT SOLUTIONS
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. JOHNSON CONTROLS
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. LG CHEM
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. PANASONIC CORPORATION
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. SAMSUNG
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. TESLA INC.
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. TOSHIBA CORPORATION
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
- A123 Systems LLC
- BYD Company Ltd.
- Contemporary Amperax Technology Co., Limited.
- eCobalt Solutions
- Johnson Controls
- LG Chem
- Panasonic Corporation
- Samsung
- Tesla Inc.
- Toshiba Corporation
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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