Solar Panel Cleaning Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A solar panel or photovoltaic solar panel absorbs energy from the sun and generates electricity to be used in end-use industries. A solar panel consists of numerous solar cells. These panels need to be cleaned so that they function properly. In regions with heavy rainfall, solar panel cleaning can be deferred; but in dry regions, solar panel cleaning is indispensable. Major players providing solar panel cleaning equipment have developed various products for efficient cleaning of these equipment. The solar panel cleaning equipment market is projected to expand considerably for upcoming years.
MARKET DYNAMICS
Solar panel cleaning systems are an essential part of the maintenance systems of solar energy facilities. These systems help optimize power output and provide protection to installations against failures caused due to contaminants or improper maintenance, by ensuring regular cleaning of the solar modules through various low- and high-tech cleaning approaches. The use of solar panel cleaning robots is one of the most versatile forms of module cleaning, and is rapidly gaining more traction over more conventional methods, such as manual brushing. Given the vast array of robotic cleaning systems available in the market, these solutions are suitable across myriad solar applications, from car ports, to ground mounted, to roof top and floating solar facilities.
MARKET SCOPE
The ˜Global Solar Panel Cleaning Market' 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 solar panel cleaning market with detailed market segmentation by technology, process, operation, application. The global solar panel cleaning market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar panel cleaning market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Technology: On the basis of technology, the market is bifurcated into Wet Cleaning and Dry Cleaning.
2. By Process: Based on process, the industry is categorized into Water Based, Electrostatic System, Robotic and Others.
3. By Operation: By operation, the industry is segmented into Manual and Automatic.
4. By Application: On the basis of application, the market is divided into Utility, Commercial, Industrial and Residential.
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 solar panel cleaning 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 solar panel cleaning 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 solar panel cleaning market in these regions.
IMPACT OF COVID 19
The ongoing COVID-19 crisis has created a host of indirect and direct impacts on nearly every industry worldwide, bringing many operations to a standstill. The solar energy domain has also been impacted slightly, with many ongoing solar projects across the globe having to shut down, and power companies facing delays and disruptions due to a slowdown in production levels in China. This impact also unearthed several challenges for peripheral industries, including the solar panel cleaning systems industry, temporarily diminishing demand for these solutions. However, despite prevailing uncertainties surrounding the pandemic, several entities in the solar energy industry are making targeted efforts to recover from the impact and regain some momentum.
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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 solar panel cleaning 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 solar panel cleaning 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 solar panel cleaning market in these regions.
IMPACT OF COVID 19
The ongoing COVID-19 crisis has created a host of indirect and direct impacts on nearly every industry worldwide, bringing many operations to a standstill. The solar energy domain has also been impacted slightly, with many ongoing solar projects across the globe having to shut down, and power companies facing delays and disruptions due to a slowdown in production levels in China. This impact also unearthed several challenges for peripheral industries, including the solar panel cleaning systems industry, temporarily diminishing demand for these solutions. However, despite prevailing uncertainties surrounding the pandemic, several entities in the solar energy industry are making targeted efforts to recover from the impact and regain some momentum.
MARKET PLAYERS
The report covers vital developments in the solar panel cleaning 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 solar panel cleaning market are anticipated to have lucrative growth opportunities in the future with the rising demand for solar panel cleaning in the global market. Below mentioned is the list of a few companies engaged in the solar panel cleaning market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar panel cleaning 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.
- Bladeranger
- BP Metalmeccanica
- Clean Solar Solutions Ltd
- Ecoppia
- Heliotex LLC
- Kashgar Solbright Photovoltaic Technology
- Nomadd
- Serbot AG
- Sharp Corporation
- SunBrush mobil GmbH
- 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
1.3.1Solar Panel Cleaning Market - By Technology
1.3.2Solar Panel Cleaning Market - By Process
1.3.3Solar Panel Cleaning Market - By Operation
1.3.4Solar Panel Cleaning Market - By Application
1.3.5Solar Panel Cleaning Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SOLAR PANEL CLEANING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.SOLAR PANEL CLEANING 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.SOLAR PANEL CLEANING MARKET - GLOBAL MARKET ANALYSIS
6.1.SOLAR PANEL CLEANING - GLOBAL MARKET OVERVIEW
6.2.SOLAR PANEL CLEANING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SOLAR PANEL CLEANING MARKET - REVENUE AND FORECASTS TO 2028 " TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.WET CLEANING
7.3.1.Overview
7.3.2.Wet Cleaning Market Forecast and Analysis
7.4.DRY CLEANING
7.4.1.Overview
7.4.2.Dry Cleaning Market Forecast and Analysis
8.SOLAR PANEL CLEANING MARKET - REVENUE AND FORECASTS TO 2028 " PROCESS
8.1.OVERVIEW
8.2.PROCESS MARKET FORECASTS AND ANALYSIS
8.3.WATER BASED
8.3.1.Overview
8.3.2.Water Based Market Forecast and Analysis
8.4.ELECTROSTATIC SYSTEM
8.4.1.Overview
8.4.2.Electrostatic System Market Forecast and Analysis
8.5.ROBOTIC
8.5.1.Overview
8.5.2.Robotic Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.SOLAR PANEL CLEANING MARKET - REVENUE AND FORECASTS TO 2028 " OPERATION
9.1.OVERVIEW
9.2.OPERATION MARKET FORECASTS AND ANALYSIS
9.3.MANUAL
9.3.1.Overview
9.3.2.Manual Market Forecast and Analysis
9.4.AUTOMATIC
9.4.1.Overview
9.4.2.Automatic Market Forecast and Analysis
10.SOLAR PANEL CLEANING MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.UTILITY
10.3.1.Overview
10.3.2.Utility Market Forecast and Analysis
10.4.COMMERCIAL
10.4.1.Overview
10.4.2.Commercial Market Forecast and Analysis
10.5.INDUSTRIAL
10.5.1.Overview
10.5.2.Industrial Market Forecast and Analysis
10.6.RESIDENTIAL
10.6.1.Overview
10.6.2.Residential Market Forecast and Analysis
11.SOLAR PANEL CLEANING MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Solar Panel Cleaning Market Overview
11.1.2North America Solar Panel Cleaning Market Forecasts and Analysis
11.1.3North America Solar Panel Cleaning Market Forecasts and Analysis - By Technology
11.1.4North America Solar Panel Cleaning Market Forecasts and Analysis - By Process
11.1.5North America Solar Panel Cleaning Market Forecasts and Analysis - By Operation
11.1.6North America Solar Panel Cleaning Market Forecasts and Analysis - By Application
11.1.7North America Solar Panel Cleaning Market Forecasts and Analysis - By Countries
11.1.7.1United States Solar Panel Cleaning Market
11.1.7.1.1United States Solar Panel Cleaning Market by Technology
11.1.7.1.2United States Solar Panel Cleaning Market by Process
11.1.7.1.3United States Solar Panel Cleaning Market by Operation
11.1.7.1.4United States Solar Panel Cleaning Market by Application
11.1.7.2Canada Solar Panel Cleaning Market
11.1.7.2.1Canada Solar Panel Cleaning Market by Technology
11.1.7.2.2Canada Solar Panel Cleaning Market by Process
11.1.7.2.3Canada Solar Panel Cleaning Market by Operation
11.1.7.2.4Canada Solar Panel Cleaning Market by Application
11.1.7.3Mexico Solar Panel Cleaning Market
11.1.7.3.1Mexico Solar Panel Cleaning Market by Technology
11.1.7.3.2Mexico Solar Panel Cleaning Market by Process
11.1.7.3.3Mexico Solar Panel Cleaning Market by Operation
11.1.7.3.4Mexico Solar Panel Cleaning Market by Application
11.2.EUROPE
11.2.1Europe Solar Panel Cleaning Market Overview
11.2.2Europe Solar Panel Cleaning Market Forecasts and Analysis
11.2.3Europe Solar Panel Cleaning Market Forecasts and Analysis - By Technology
11.2.4Europe Solar Panel Cleaning Market Forecasts and Analysis - By Process
11.2.5Europe Solar Panel Cleaning Market Forecasts and Analysis - By Operation
11.2.6Europe Solar Panel Cleaning Market Forecasts and Analysis - By Application
11.2.7Europe Solar Panel Cleaning Market Forecasts and Analysis - By Countries
11.2.7.1Germany Solar Panel Cleaning Market
11.2.7.1.1Germany Solar Panel Cleaning Market by Technology
11.2.7.1.2Germany Solar Panel Cleaning Market by Process
11.2.7.1.3Germany Solar Panel Cleaning Market by Operation
11.2.7.1.4Germany Solar Panel Cleaning Market by Application
11.2.7.2France Solar Panel Cleaning Market
11.2.7.2.1France Solar Panel Cleaning Market by Technology
11.2.7.2.2France Solar Panel Cleaning Market by Process
11.2.7.2.3France Solar Panel Cleaning Market by Operation
11.2.7.2.4France Solar Panel Cleaning Market by Application
11.2.7.3Italy Solar Panel Cleaning Market
11.2.7.3.1Italy Solar Panel Cleaning Market by Technology
11.2.7.3.2Italy Solar Panel Cleaning Market by Process
11.2.7.3.3Italy Solar Panel Cleaning Market by Operation
11.2.7.3.4Italy Solar Panel Cleaning Market by Application
11.2.7.4Spain Solar Panel Cleaning Market
11.2.7.4.1Spain Solar Panel Cleaning Market by Technology
11.2.7.4.2Spain Solar Panel Cleaning Market by Process
11.2.7.4.3Spain Solar Panel Cleaning Market by Operation
11.2.7.4.4Spain Solar Panel Cleaning Market by Application
11.2.7.5United Kingdom Solar Panel Cleaning Market
11.2.7.5.1United Kingdom Solar Panel Cleaning Market by Technology
11.2.7.5.2United Kingdom Solar Panel Cleaning Market by Process
11.2.7.5.3United Kingdom Solar Panel Cleaning Market by Operation
11.2.7.5.4United Kingdom Solar Panel Cleaning Market by Application
11.2.7.6Russia Solar Panel Cleaning Market
11.2.7.6.1Russia Solar Panel Cleaning Market by Technology
11.2.7.6.2Russia Solar Panel Cleaning Market by Process
11.2.7.6.3Russia Solar Panel Cleaning Market by Operation
11.2.7.6.4Russia Solar Panel Cleaning Market by Application
11.2.7.7Rest of Europe Solar Panel Cleaning Market
11.2.7.7.1Rest of Europe Solar Panel Cleaning Market by Technology
11.2.7.7.2Rest of Europe Solar Panel Cleaning Market by Process
11.2.7.7.3Rest of Europe Solar Panel Cleaning Market by Operation
11.2.7.7.4Rest of Europe Solar Panel Cleaning Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Solar Panel Cleaning Market Overview
11.3.2Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis
11.3.3Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis - By Technology
11.3.4Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis - By Process
11.3.5Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis - By Operation
11.3.6Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Solar Panel Cleaning Market Forecasts and Analysis - By Countries
11.3.7.1Australia Solar Panel Cleaning Market
11.3.7.1.1Australia Solar Panel Cleaning Market by Technology
11.3.7.1.2Australia Solar Panel Cleaning Market by Process
11.3.7.1.3Australia Solar Panel Cleaning Market by Operation
11.3.7.1.4Australia Solar Panel Cleaning Market by Application
11.3.7.2China Solar Panel Cleaning Market
11.3.7.2.1China Solar Panel Cleaning Market by Technology
11.3.7.2.2China Solar Panel Cleaning Market by Process
11.3.7.2.3China Solar Panel Cleaning Market by Operation
11.3.7.2.4China Solar Panel Cleaning Market by Application
11.3.7.3India Solar Panel Cleaning Market
11.3.7.3.1India Solar Panel Cleaning Market by Technology
11.3.7.3.2India Solar Panel Cleaning Market by Process
11.3.7.3.3India Solar Panel Cleaning Market by Operation
11.3.7.3.4India Solar Panel Cleaning Market by Application
11.3.7.4Japan Solar Panel Cleaning Market
11.3.7.4.1Japan Solar Panel Cleaning Market by Technology
11.3.7.4.2Japan Solar Panel Cleaning Market by Process
11.3.7.4.3Japan Solar Panel Cleaning Market by Operation
11.3.7.4.4Japan Solar Panel Cleaning Market by Application
11.3.7.5South Korea Solar Panel Cleaning Market
11.3.7.5.1South Korea Solar Panel Cleaning Market by Technology
11.3.7.5.2South Korea Solar Panel Cleaning Market by Process
11.3.7.5.3South Korea Solar Panel Cleaning Market by Operation
11.3.7.5.4South Korea Solar Panel Cleaning Market by Application
11.3.7.6Rest of Asia-Pacific Solar Panel Cleaning Market
11.3.7.6.1Rest of Asia-Pacific Solar Panel Cleaning Market by Technology
11.3.7.6.2Rest of Asia-Pacific Solar Panel Cleaning Market by Process
11.3.7.6.3Rest of Asia-Pacific Solar Panel Cleaning Market by Operation
11.3.7.6.4Rest of Asia-Pacific Solar Panel Cleaning Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Solar Panel Cleaning Market Overview
11.4.2Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis
11.4.3Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis - By Technology
11.4.4Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis - By Process
11.4.5Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis - By Operation
11.4.6Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Solar Panel Cleaning Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Solar Panel Cleaning Market
11.4.7.1.1South Africa Solar Panel Cleaning Market by Technology
11.4.7.1.2South Africa Solar Panel Cleaning Market by Process
11.4.7.1.3South Africa Solar Panel Cleaning Market by Operation
11.4.7.1.4South Africa Solar Panel Cleaning Market by Application
11.4.7.2Saudi Arabia Solar Panel Cleaning Market
11.4.7.2.1Saudi Arabia Solar Panel Cleaning Market by Technology
11.4.7.2.2Saudi Arabia Solar Panel Cleaning Market by Process
11.4.7.2.3Saudi Arabia Solar Panel Cleaning Market by Operation
11.4.7.2.4Saudi Arabia Solar Panel Cleaning Market by Application
11.4.7.3U.A.E Solar Panel Cleaning Market
11.4.7.3.1U.A.E Solar Panel Cleaning Market by Technology
11.4.7.3.2U.A.E Solar Panel Cleaning Market by Process
11.4.7.3.3U.A.E Solar Panel Cleaning Market by Operation
11.4.7.3.4U.A.E Solar Panel Cleaning Market by Application
11.4.7.4Rest of Middle East and Africa Solar Panel Cleaning Market
11.4.7.4.1Rest of Middle East and Africa Solar Panel Cleaning Market by Technology
11.4.7.4.2Rest of Middle East and Africa Solar Panel Cleaning Market by Process
11.4.7.4.3Rest of Middle East and Africa Solar Panel Cleaning Market by Operation
11.4.7.4.4Rest of Middle East and Africa Solar Panel Cleaning Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Solar Panel Cleaning Market Overview
11.5.2South and Central America Solar Panel Cleaning Market Forecasts and Analysis
11.5.3South and Central America Solar Panel Cleaning Market Forecasts and Analysis - By Technology
11.5.4South and Central America Solar Panel Cleaning Market Forecasts and Analysis - By Process
11.5.5South and Central America Solar Panel Cleaning Market Forecasts and Analysis - By Operation
11.5.6South and Central America Solar Panel Cleaning Market Forecasts and Analysis - By Application
11.5.7South and Central America Solar Panel Cleaning Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Solar Panel Cleaning Market
11.5.7.1.1Brazil Solar Panel Cleaning Market by Technology
11.5.7.1.2Brazil Solar Panel Cleaning Market by Process
11.5.7.1.3Brazil Solar Panel Cleaning Market by Operation
11.5.7.1.4Brazil Solar Panel Cleaning Market by Application
11.5.7.2Argentina Solar Panel Cleaning Market
11.5.7.2.1Argentina Solar Panel Cleaning Market by Technology
11.5.7.2.2Argentina Solar Panel Cleaning Market by Process
11.5.7.2.3Argentina Solar Panel Cleaning Market by Operation
11.5.7.2.4Argentina Solar Panel Cleaning Market by Application
11.5.7.3Rest of South and Central America Solar Panel Cleaning Market
11.5.7.3.1Rest of South and Central America Solar Panel Cleaning Market by Technology
11.5.7.3.2Rest of South and Central America Solar Panel Cleaning Market by Process
11.5.7.3.3Rest of South and Central America Solar Panel Cleaning Market by Operation
11.5.7.3.4Rest of South and Central America Solar Panel Cleaning Market by Application
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.SOLAR PANEL CLEANING MARKET, KEY COMPANY PROFILES
13.1.NOMADD
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.BLADERANGER
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.BP METALMECCANICA
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.HELIOTEX LLC
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.SUNBRUSH MOBIL GMBH
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.KASHGAR SOLBRIGHT PHOTOVOLTAIC TECHNOLOGY
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.CLEAN SOLAR SOLUTIONS LTD
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.SERBOT AG
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.ECOPPIA
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.SHARP CORPORATION
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.Nomadd
2.Bladeranger
3.BP Metalmeccanica
4.Heliotex LLC
5.SunBrush mobil GmbH
6.Kashgar Solbright Photovoltaic Technology
7.Clean Solar Solutions Ltd
8.Serbot AG
9.Ecoppia
10.Sharp 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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