Power Rental Market Key Findings by 2031
Power rental signifies about the facility of temporarily renting generators or power plants for offering energy to industrial units. Need to replace aging and old power infrastructure with grid stabilization would be helpful in influencing the market growth. In addition, emergence of digital technology solutions to ensure efficient operations is another factor that will assist in simulating the market growth.
MARKET DYNAMICS
The demand for uninterrupted power supply in oil & gas and mining industries and escalating need for electrification in developing countries are some of the driving power rental market. Moreover, integration of power rental generators into renewable energy sources is anticipated to provide ample of growth opportunities to the players operating in the power rental market.
MARKET SCOPE
The "Global Power Rental Market Analysis to 2031" is a specialized and in-depth study of the energy & power industry with a special focus on the global market trend analysis. The report aims to provide an overview of the power rental market with detailed market segmentation- fuel type, power rating, application, end user, and geography. The global power rental market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power rental market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power rental market is segmented on the basis of fuel type, power rating, application, and end user. Based on fuel type, the power rental market is segmented into diesel, gas, others. On the basis of power rating, the power rental market is segmented into less than 50 KW, 51 KW to 500 KW, above 500 KW. Based on application, the power rental market is segmented into peak shaving, continuous power, standby. And on the basis of end user, the power rental market is segmented into oil and gas, metal and mining, industrial, construction, 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 power rental 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 power rental 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 power rental market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive pest analysis for all five regions for power rental market.
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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 power rental 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 power rental 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 power rental market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive pest analysis for all five regions for power rental market.
MARKET PLAYERS
The reports cover key developments in the power rental 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 power rental market are anticipated to lucrative growth opportunities in the future with the rising demand for power rental in the global market. Below mentioned is the list of few companies engaged in the power rental market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the power rental 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.
- Atlas Copco AB
- AGGREKO PLC
- Ashtead Group plc
- Bredenoord
- BOWMAN POWER
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- One Source Equipment Rentals, Inc.
- Wacker Neuson
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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 Power Rental Market - By Fuel Type
1.3.2 Power Rental Market - By Power Rating
1.3.3 Power Rental Market - By Application
1.3.4 Power Rental Market - By End User
1.3.5 Power Rental Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POWER RENTAL 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. POWER RENTAL 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. POWER RENTAL MARKET - GLOBAL MARKET ANALYSIS
6.1. POWER RENTAL - GLOBAL MARKET OVERVIEW
6.2. POWER RENTAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POWER RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
7.1. OVERVIEW
7.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIESEL
7.3.1. Overview
7.3.2. Diesel Market Forecast and Analysis
7.4. GAS
7.4.1. Overview
7.4.2. Gas Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. POWER RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - POWER RATING
8.1. OVERVIEW
8.2. POWER RATING MARKET FORECASTS AND ANALYSIS
8.3. LESS THAN 50 KW
8.3.1. Overview
8.3.2. Less Than 50 KW Market Forecast and Analysis
8.4. 51 KW TO 500 KW
8.4.1. Overview
8.4.2. 51 KW to 500 KW Market Forecast and Analysis
8.5. ABOVE 500 KW
8.5.1. Overview
8.5.2. Above 500 KW Market Forecast and Analysis
9. POWER RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PEAK SHAVING
9.3.1. Overview
9.3.2. Peak Shaving Market Forecast and Analysis
9.4. CONTINUOUS POWER
9.4.1. Overview
9.4.2. Continuous Power Market Forecast and Analysis
9.5. STANDBY
9.5.1. Overview
9.5.2. Standby Market Forecast and Analysis
10. POWER RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. OIL AND GAS
10.3.1. Overview
10.3.2. Oil and Gas Market Forecast and Analysis
10.4. METAL AND MINING
10.4.1. Overview
10.4.2. Metal and Mining Market Forecast and Analysis
10.5. INDUSTRIAL
10.5.1. Overview
10.5.2. Industrial Market Forecast and Analysis
10.6. CONSTRUCTION
10.6.1. Overview
10.6.2. Construction Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. POWER RENTAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Power Rental Market Overview
11.1.2 North America Power Rental Market Forecasts and Analysis
11.1.3 North America Power Rental Market Forecasts and Analysis - By Fuel Type
11.1.4 North America Power Rental Market Forecasts and Analysis - By Power Rating
11.1.5 North America Power Rental Market Forecasts and Analysis - By Application
11.1.6 North America Power Rental Market Forecasts and Analysis - By End User
11.1.7 North America Power Rental Market Forecasts and Analysis - By Countries
11.1.7.1 United States Power Rental Market
11.1.7.1.1 United States Power Rental Market by Fuel Type
11.1.7.1.2 United States Power Rental Market by Power Rating
11.1.7.1.3 United States Power Rental Market by Application
11.1.7.1.4 United States Power Rental Market by End User
11.1.7.2 Canada Power Rental Market
11.1.7.2.1 Canada Power Rental Market by Fuel Type
11.1.7.2.2 Canada Power Rental Market by Power Rating
11.1.7.2.3 Canada Power Rental Market by Application
11.1.7.2.4 Canada Power Rental Market by End User
11.1.7.3 Mexico Power Rental Market
11.1.7.3.1 Mexico Power Rental Market by Fuel Type
11.1.7.3.2 Mexico Power Rental Market by Power Rating
11.1.7.3.3 Mexico Power Rental Market by Application
11.1.7.3.4 Mexico Power Rental Market by End User
11.2. EUROPE
11.2.1 Europe Power Rental Market Overview
11.2.2 Europe Power Rental Market Forecasts and Analysis
11.2.3 Europe Power Rental Market Forecasts and Analysis - By Fuel Type
11.2.4 Europe Power Rental Market Forecasts and Analysis - By Power Rating
11.2.5 Europe Power Rental Market Forecasts and Analysis - By Application
11.2.6 Europe Power Rental Market Forecasts and Analysis - By End User
11.2.7 Europe Power Rental Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Power Rental Market
11.2.7.1.1 Germany Power Rental Market by Fuel Type
11.2.7.1.2 Germany Power Rental Market by Power Rating
11.2.7.1.3 Germany Power Rental Market by Application
11.2.7.1.4 Germany Power Rental Market by End User
11.2.7.2 France Power Rental Market
11.2.7.2.1 France Power Rental Market by Fuel Type
11.2.7.2.2 France Power Rental Market by Power Rating
11.2.7.2.3 France Power Rental Market by Application
11.2.7.2.4 France Power Rental Market by End User
11.2.7.3 Italy Power Rental Market
11.2.7.3.1 Italy Power Rental Market by Fuel Type
11.2.7.3.2 Italy Power Rental Market by Power Rating
11.2.7.3.3 Italy Power Rental Market by Application
11.2.7.3.4 Italy Power Rental Market by End User
11.2.7.4 United Kingdom Power Rental Market
11.2.7.4.1 United Kingdom Power Rental Market by Fuel Type
11.2.7.4.2 United Kingdom Power Rental Market by Power Rating
11.2.7.4.3 United Kingdom Power Rental Market by Application
11.2.7.4.4 United Kingdom Power Rental Market by End User
11.2.7.5 Russia Power Rental Market
11.2.7.5.1 Russia Power Rental Market by Fuel Type
11.2.7.5.2 Russia Power Rental Market by Power Rating
11.2.7.5.3 Russia Power Rental Market by Application
11.2.7.5.4 Russia Power Rental Market by End User
11.2.7.6 Rest of Europe Power Rental Market
11.2.7.6.1 Rest of Europe Power Rental Market by Fuel Type
11.2.7.6.2 Rest of Europe Power Rental Market by Power Rating
11.2.7.6.3 Rest of Europe Power Rental Market by Application
11.2.7.6.4 Rest of Europe Power Rental Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Power Rental Market Overview
11.3.2 Asia-Pacific Power Rental Market Forecasts and Analysis
11.3.3 Asia-Pacific Power Rental Market Forecasts and Analysis - By Fuel Type
11.3.4 Asia-Pacific Power Rental Market Forecasts and Analysis - By Power Rating
11.3.5 Asia-Pacific Power Rental Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Power Rental Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Power Rental Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Power Rental Market
11.3.7.1.1 Australia Power Rental Market by Fuel Type
11.3.7.1.2 Australia Power Rental Market by Power Rating
11.3.7.1.3 Australia Power Rental Market by Application
11.3.7.1.4 Australia Power Rental Market by End User
11.3.7.2 China Power Rental Market
11.3.7.2.1 China Power Rental Market by Fuel Type
11.3.7.2.2 China Power Rental Market by Power Rating
11.3.7.2.3 China Power Rental Market by Application
11.3.7.2.4 China Power Rental Market by End User
11.3.7.3 India Power Rental Market
11.3.7.3.1 India Power Rental Market by Fuel Type
11.3.7.3.2 India Power Rental Market by Power Rating
11.3.7.3.3 India Power Rental Market by Application
11.3.7.3.4 India Power Rental Market by End User
11.3.7.4 Japan Power Rental Market
11.3.7.4.1 Japan Power Rental Market by Fuel Type
11.3.7.4.2 Japan Power Rental Market by Power Rating
11.3.7.4.3 Japan Power Rental Market by Application
11.3.7.4.4 Japan Power Rental Market by End User
11.3.7.5 South Korea Power Rental Market
11.3.7.5.1 South Korea Power Rental Market by Fuel Type
11.3.7.5.2 South Korea Power Rental Market by Power Rating
11.3.7.5.3 South Korea Power Rental Market by Application
11.3.7.5.4 South Korea Power Rental Market by End User
11.3.7.6 Rest of Asia-Pacific Power Rental Market
11.3.7.6.1 Rest of Asia-Pacific Power Rental Market by Fuel Type
11.3.7.6.2 Rest of Asia-Pacific Power Rental Market by Power Rating
11.3.7.6.3 Rest of Asia-Pacific Power Rental Market by Application
11.3.7.6.4 Rest of Asia-Pacific Power Rental Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Power Rental Market Overview
11.4.2 Middle East and Africa Power Rental Market Forecasts and Analysis
11.4.3 Middle East and Africa Power Rental Market Forecasts and Analysis - By Fuel Type
11.4.4 Middle East and Africa Power Rental Market Forecasts and Analysis - By Power Rating
11.4.5 Middle East and Africa Power Rental Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Power Rental Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Power Rental Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Power Rental Market
11.4.7.1.1 South Africa Power Rental Market by Fuel Type
11.4.7.1.2 South Africa Power Rental Market by Power Rating
11.4.7.1.3 South Africa Power Rental Market by Application
11.4.7.1.4 South Africa Power Rental Market by End User
11.4.7.2 Saudi Arabia Power Rental Market
11.4.7.2.1 Saudi Arabia Power Rental Market by Fuel Type
11.4.7.2.2 Saudi Arabia Power Rental Market by Power Rating
11.4.7.2.3 Saudi Arabia Power Rental Market by Application
11.4.7.2.4 Saudi Arabia Power Rental Market by End User
11.4.7.3 U.A.E Power Rental Market
11.4.7.3.1 U.A.E Power Rental Market by Fuel Type
11.4.7.3.2 U.A.E Power Rental Market by Power Rating
11.4.7.3.3 U.A.E Power Rental Market by Application
11.4.7.3.4 U.A.E Power Rental Market by End User
11.4.7.4 Rest of Middle East and Africa Power Rental Market
11.4.7.4.1 Rest of Middle East and Africa Power Rental Market by Fuel Type
11.4.7.4.2 Rest of Middle East and Africa Power Rental Market by Power Rating
11.4.7.4.3 Rest of Middle East and Africa Power Rental Market by Application
11.4.7.4.4 Rest of Middle East and Africa Power Rental Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Power Rental Market Overview
11.5.2 South and Central America Power Rental Market Forecasts and Analysis
11.5.3 South and Central America Power Rental Market Forecasts and Analysis - By Fuel Type
11.5.4 South and Central America Power Rental Market Forecasts and Analysis - By Power Rating
11.5.5 South and Central America Power Rental Market Forecasts and Analysis - By Application
11.5.6 South and Central America Power Rental Market Forecasts and Analysis - By End User
11.5.7 South and Central America Power Rental Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Power Rental Market
11.5.7.1.1 Brazil Power Rental Market by Fuel Type
11.5.7.1.2 Brazil Power Rental Market by Power Rating
11.5.7.1.3 Brazil Power Rental Market by Application
11.5.7.1.4 Brazil Power Rental Market by End User
11.5.7.2 Argentina Power Rental Market
11.5.7.2.1 Argentina Power Rental Market by Fuel Type
11.5.7.2.2 Argentina Power Rental Market by Power Rating
11.5.7.2.3 Argentina Power Rental Market by Application
11.5.7.2.4 Argentina Power Rental Market by End User
11.5.7.3 Rest of South and Central America Power Rental Market
11.5.7.3.1 Rest of South and Central America Power Rental Market by Fuel Type
11.5.7.3.2 Rest of South and Central America Power Rental Market by Power Rating
11.5.7.3.3 Rest of South and Central America Power Rental Market by Application
11.5.7.3.4 Rest of South and Central America Power Rental Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. POWER RENTAL MARKET, KEY COMPANY PROFILES
13.1. ATLAS COPCO AB
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AGGREKO PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ASHTEAD GROUP PLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BREDENOORD
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BOWMAN POWER
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CATERPILLAR INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. CUMMINS INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. KOHLER CO.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ONE SOURCE EQUIPMENT RENTALS, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WACKER NEUSON
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.ATLAS COPCO AB
2.AGGREKO PLC
3.Ashtead Group plc
4.Bredenoord
5.BOWMAN POWER
6.CATERPILLAR INC.
7.CUMMINS INC.
8.Kohler Co.
9.One Source Equipment Rentals, Inc.
10.Wacker Neuson
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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