Power System State Estimator Market Dynamics 2021-2031
State estimator is an important tool for online monitoring, analysis and control of power systems. It is used in all Energy Management Systems (EMS) to identify the present operating state of a system. State Estimation (SE) is mainly used to filter redundant data, to eliminate incorrect measurements and to produce reliable state estimates. It allows the determination of the power flows in parts of the power system which are not directly metered.
MARKET DYNAMICS
Power system state estimator help in the monitoring, supervising, and controlling of transmission and distribution networks. The growing and complex nature of transmission and distribution networks, the advent of smart grids, and government regulations favoring energy efficient systems are driving the market.
MARKET SCOPE
The ˜Global Power System State Estimator Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the power system state estimator market with detailed market segmentation by software type, solution method, and application. The global power system state estimator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power system state estimator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Software Type: The global market is segmented into Utility and Power Control Centers.
2. By Solution Methods: The global market is segmented into WLS, LAV, Kalman Filter, Bayesian, and Newton Gaussian.
3. By Application: The global market is segmented into Transmission and Distribution Network.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The power system state estimator 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 system state estimator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the power system state estimator market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market break down due to COVID-19 is also affecting the growth of market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The power system state estimator 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 system state estimator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the power system state estimator market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market break down due to COVID-19 is also affecting the growth of market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
MARKET PLAYERS
The report covers vital developments in the power system state estimator 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 partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the power system state estimator market are anticipated to have lucrative growth opportunities in the future with the rising demand for power system state estimator in the global market. Below mentioned is the list of a few companies engaged in the power system state estimator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the power system state estimator market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
1. Alstom SA
2. CYME International Tand D Inc.
3. DIgSILENT GmbH
4. Energy Computer Systems (Spard)
5. Epfl (Simsen)
6. ETAP - Operation Technology, Inc.
7. GDF Suez - Tractebel Engineering S.A.
8. General Electric Company
9. KEPCO Inc.
10. NEPLAN AG
- 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
1.3.1Power System State Estimator Market - By Software Type
1.3.2Power System State Estimator Market - By Solution Methods
1.3.3Power System State Estimator Market - By Application
1.3.4Power System State Estimator Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.POWER SYSTEM STATE ESTIMATOR MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.POWER SYSTEM STATE ESTIMATOR 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 SYSTEM STATE ESTIMATOR MARKET - GLOBAL MARKET ANALYSIS
6.1.POWER SYSTEM STATE ESTIMATOR - GLOBAL MARKET OVERVIEW
6.2.POWER SYSTEM STATE ESTIMATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.POWER SYSTEM STATE ESTIMATOR MARKET - REVENUE AND FORECASTS TO 2028 " SOFTWARE TYPE
7.1.OVERVIEW
7.2.SOFTWARE TYPE MARKET FORECASTS AND ANALYSIS
7.3.UTILITY AND POWER CONTROL CENTERS
7.3.1.Overview
7.3.2.Utility and Power Control Centers Market Forecast and Analysis
8.POWER SYSTEM STATE ESTIMATOR MARKET - REVENUE AND FORECASTS TO 2028 " SOLUTION METHODS
8.1.OVERVIEW
8.2.SOLUTION METHODS MARKET FORECASTS AND ANALYSIS
8.3.WLS
8.3.1.Overview
8.3.2.WLS Market Forecast and Analysis
8.4.LAV
8.4.1.Overview
8.4.2.LAV Market Forecast and Analysis
8.5.KALMAN FILTER
8.5.1.Overview
8.5.2.Kalman Filter Market Forecast and Analysis
8.6.BAYESIAN
8.6.1.Overview
8.6.2.Bayesian Market Forecast and Analysis
8.7.NEWTON GAUSSIAN.
8.7.1.Overview
8.7.2.Newton Gaussian. Market Forecast and Analysis
9.POWER SYSTEM STATE ESTIMATOR MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.TRANSMISSION AND DISTRIBUTION NETWORK.
9.3.1.Overview
9.3.2.Transmission and Distribution Network. Market Forecast and Analysis
10.POWER SYSTEM STATE ESTIMATOR MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Power System State Estimator Market Overview
10.1.2North America Power System State Estimator Market Forecasts and Analysis
10.1.3North America Power System State Estimator Market Forecasts and Analysis - By Software Type
10.1.4North America Power System State Estimator Market Forecasts and Analysis - By Solution Methods
10.1.5North America Power System State Estimator Market Forecasts and Analysis - By Application
10.1.6North America Power System State Estimator Market Forecasts and Analysis - By Countries
10.1.6.1United States Power System State Estimator Market
10.1.6.1.1United States Power System State Estimator Market by Software Type
10.1.6.1.2United States Power System State Estimator Market by Solution Methods
10.1.6.1.3United States Power System State Estimator Market by Application
10.1.6.2Canada Power System State Estimator Market
10.1.6.2.1Canada Power System State Estimator Market by Software Type
10.1.6.2.2Canada Power System State Estimator Market by Solution Methods
10.1.6.2.3Canada Power System State Estimator Market by Application
10.1.6.3Mexico Power System State Estimator Market
10.1.6.3.1Mexico Power System State Estimator Market by Software Type
10.1.6.3.2Mexico Power System State Estimator Market by Solution Methods
10.1.6.3.3Mexico Power System State Estimator Market by Application
10.2.EUROPE
10.2.1Europe Power System State Estimator Market Overview
10.2.2Europe Power System State Estimator Market Forecasts and Analysis
10.2.3Europe Power System State Estimator Market Forecasts and Analysis - By Software Type
10.2.4Europe Power System State Estimator Market Forecasts and Analysis - By Solution Methods
10.2.5Europe Power System State Estimator Market Forecasts and Analysis - By Application
10.2.6Europe Power System State Estimator Market Forecasts and Analysis - By Countries
10.2.6.1Germany Power System State Estimator Market
10.2.6.1.1Germany Power System State Estimator Market by Software Type
10.2.6.1.2Germany Power System State Estimator Market by Solution Methods
10.2.6.1.3Germany Power System State Estimator Market by Application
10.2.6.2France Power System State Estimator Market
10.2.6.2.1France Power System State Estimator Market by Software Type
10.2.6.2.2France Power System State Estimator Market by Solution Methods
10.2.6.2.3France Power System State Estimator Market by Application
10.2.6.3Italy Power System State Estimator Market
10.2.6.3.1Italy Power System State Estimator Market by Software Type
10.2.6.3.2Italy Power System State Estimator Market by Solution Methods
10.2.6.3.3Italy Power System State Estimator Market by Application
10.2.6.4Spain Power System State Estimator Market
10.2.6.4.1Spain Power System State Estimator Market by Software Type
10.2.6.4.2Spain Power System State Estimator Market by Solution Methods
10.2.6.4.3Spain Power System State Estimator Market by Application
10.2.6.5United Kingdom Power System State Estimator Market
10.2.6.5.1United Kingdom Power System State Estimator Market by Software Type
10.2.6.5.2United Kingdom Power System State Estimator Market by Solution Methods
10.2.6.5.3United Kingdom Power System State Estimator Market by Application
10.2.6.6Russia Power System State Estimator Market
10.2.6.6.1Russia Power System State Estimator Market by Software Type
10.2.6.6.2Russia Power System State Estimator Market by Solution Methods
10.2.6.6.3Russia Power System State Estimator Market by Application
10.2.6.7Rest of Europe Power System State Estimator Market
10.2.6.7.1Rest of Europe Power System State Estimator Market by Software Type
10.2.6.7.2Rest of Europe Power System State Estimator Market by Solution Methods
10.2.6.7.3Rest of Europe Power System State Estimator Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Power System State Estimator Market Overview
10.3.2Asia-Pacific Power System State Estimator Market Forecasts and Analysis
10.3.3Asia-Pacific Power System State Estimator Market Forecasts and Analysis - By Software Type
10.3.4Asia-Pacific Power System State Estimator Market Forecasts and Analysis - By Solution Methods
10.3.5Asia-Pacific Power System State Estimator Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Power System State Estimator Market Forecasts and Analysis - By Countries
10.3.6.1Australia Power System State Estimator Market
10.3.6.1.1Australia Power System State Estimator Market by Software Type
10.3.6.1.2Australia Power System State Estimator Market by Solution Methods
10.3.6.1.3Australia Power System State Estimator Market by Application
10.3.6.2China Power System State Estimator Market
10.3.6.2.1China Power System State Estimator Market by Software Type
10.3.6.2.2China Power System State Estimator Market by Solution Methods
10.3.6.2.3China Power System State Estimator Market by Application
10.3.6.3India Power System State Estimator Market
10.3.6.3.1India Power System State Estimator Market by Software Type
10.3.6.3.2India Power System State Estimator Market by Solution Methods
10.3.6.3.3India Power System State Estimator Market by Application
10.3.6.4Japan Power System State Estimator Market
10.3.6.4.1Japan Power System State Estimator Market by Software Type
10.3.6.4.2Japan Power System State Estimator Market by Solution Methods
10.3.6.4.3Japan Power System State Estimator Market by Application
10.3.6.5South Korea Power System State Estimator Market
10.3.6.5.1South Korea Power System State Estimator Market by Software Type
10.3.6.5.2South Korea Power System State Estimator Market by Solution Methods
10.3.6.5.3South Korea Power System State Estimator Market by Application
10.3.6.6Rest of Asia-Pacific Power System State Estimator Market
10.3.6.6.1Rest of Asia-Pacific Power System State Estimator Market by Software Type
10.3.6.6.2Rest of Asia-Pacific Power System State Estimator Market by Solution Methods
10.3.6.6.3Rest of Asia-Pacific Power System State Estimator Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Power System State Estimator Market Overview
10.4.2Middle East and Africa Power System State Estimator Market Forecasts and Analysis
10.4.3Middle East and Africa Power System State Estimator Market Forecasts and Analysis - By Software Type
10.4.4Middle East and Africa Power System State Estimator Market Forecasts and Analysis - By Solution Methods
10.4.5Middle East and Africa Power System State Estimator Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Power System State Estimator Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Power System State Estimator Market
10.4.6.1.1South Africa Power System State Estimator Market by Software Type
10.4.6.1.2South Africa Power System State Estimator Market by Solution Methods
10.4.6.1.3South Africa Power System State Estimator Market by Application
10.4.6.2Saudi Arabia Power System State Estimator Market
10.4.6.2.1Saudi Arabia Power System State Estimator Market by Software Type
10.4.6.2.2Saudi Arabia Power System State Estimator Market by Solution Methods
10.4.6.2.3Saudi Arabia Power System State Estimator Market by Application
10.4.6.3U.A.E Power System State Estimator Market
10.4.6.3.1U.A.E Power System State Estimator Market by Software Type
10.4.6.3.2U.A.E Power System State Estimator Market by Solution Methods
10.4.6.3.3U.A.E Power System State Estimator Market by Application
10.4.6.4Rest of Middle East and Africa Power System State Estimator Market
10.4.6.4.1Rest of Middle East and Africa Power System State Estimator Market by Software Type
10.4.6.4.2Rest of Middle East and Africa Power System State Estimator Market by Solution Methods
10.4.6.4.3Rest of Middle East and Africa Power System State Estimator Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Power System State Estimator Market Overview
10.5.2South and Central America Power System State Estimator Market Forecasts and Analysis
10.5.3South and Central America Power System State Estimator Market Forecasts and Analysis - By Software Type
10.5.4South and Central America Power System State Estimator Market Forecasts and Analysis - By Solution Methods
10.5.5South and Central America Power System State Estimator Market Forecasts and Analysis - By Application
10.5.6South and Central America Power System State Estimator Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Power System State Estimator Market
10.5.6.1.1Brazil Power System State Estimator Market by Software Type
10.5.6.1.2Brazil Power System State Estimator Market by Solution Methods
10.5.6.1.3Brazil Power System State Estimator Market by Application
10.5.6.2Argentina Power System State Estimator Market
10.5.6.2.1Argentina Power System State Estimator Market by Software Type
10.5.6.2.2Argentina Power System State Estimator Market by Solution Methods
10.5.6.2.3Argentina Power System State Estimator Market by Application
10.5.6.3Rest of South and Central America Power System State Estimator Market
10.5.6.3.1Rest of South and Central America Power System State Estimator Market by Software Type
10.5.6.3.2Rest of South and Central America Power System State Estimator Market by Solution Methods
10.5.6.3.3Rest of South and Central America Power System State Estimator 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.POWER SYSTEM STATE ESTIMATOR MARKET, KEY COMPANY PROFILES
12.1.ALSTOM SA
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.CYME INTERNATIONAL TAND D 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.DIGSILENT GMBH
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.ENERGY COMPUTER SYSTEMS (SPARD)
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.EPFL (SIMSEN)
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.ETAP - OPERATION TECHNOLOGY, INC.
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.GDF SUEZ - TRACTEBEL ENGINEERING S.A.
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.GENERAL ELECTRIC COMPANY
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.KEPCO 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.NEPLAN AG
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.Alstom SA
2.CYME International Tand D Inc.
3.DIgSILENT GmbH
4.Energy Computer Systems (Spard)
5.Epfl (Simsen)
6.ETAP - Operation Technology, Inc.
7.GDF Suez - Tractebel Engineering S.A.
8.General Electric Company
9.KEPCO Inc.
10.NEPLAN AG
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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