The Solar Panel Coatings Market is expected to register a CAGR of 14.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (anti-reflective, hydrophobic, self-cleaning, anti-soiling, anti-abrasion, and others). The report further presents an analysis based on the end use (residential, commercial, energy, agriculture, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Solar Panel Coatings Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Solar Panel Coatings Market Segmentation
Type- Anti-reflective
- Hydrophobic
- Self-cleaning
- Anti-soiling
- Anti-abrasion
- Residential
- Commercial
- Energy
- Agriculture
Strategic Insights
Solar Panel Coatings Market Growth Drivers- Growth of Solar Panel Coatings Driven by Renewable Energy Adoption: The adoption of solar power and renewable energy has been a key driver of the solar panel coatings market in recent times. While governments and organizations have reduced their carbon footprints, they are becoming cleaner energy consumers, which has increased the adoption of solar panels by a magnitude. With advanced coatings, these panels are maximally protected from environmental stressors such as UV radiation, moisture, dirt, and extreme temperatures for elongating the lifespan of solar panels while maximizing energy output. The high performance of advanced coatings in bringing elevation to the efficiency of solar panels by allowing more striking capture and conversion of sun rays contributes directly to the growth of the market.
- Advancements in Nanotechnology and Materials Science for Improved Coatings: New nanotechnology and materials science have allowed in the development of new coatings that are much more efficient and durable for solar panels. New materials, including anti-reflective, self-cleaning, and hydrophobic coatings, enhance solar panel performance. These include improved light transmission, less dirt accumulation, and reduced environmental degradation. This puts forth the drive for higher-efficiency solar panels, which is continuous research into next-generation coatings to provide better protection and efficiency at lower costs, hence driving the market even further.
- Durability and Longevity Concerns Driving Demand for Advanced Coatings: As investments in solar panels increase, especially for commercial and utility-scale installations, there is more concern with ensuring the durability and longevity of solar panels. Coatings that protect against environmental factors such as UV degradation, oxidation, and mechanical damage are now critical. Long-lasting coatings improve the efficiency of solar panels and reduce the number of times the panels must be serviced or replaced. The main driver in this trend toward durability is the desire to maximize the long-term performance of photovoltaic panels. The demand for advanced coatings is thus highly driven by these factors.
- Self-Cleaning Coatings: Self-cleaning coatings are one of the hot trends in solar panel coatings. Dust, dirt, and debris can all accumulate on solar panels in ways that decrease their efficiency by blocking sunlight and interfering with energy generation capacity. Self-cleaning coatings are primarily composed of hydrophobic and photocatalytic materials. Due to this, the rain or airflow will cause the dust and dirt particles to slide off the panels, making them stay clean for longer durations. This is highly prominent in arid climates or zones with highly polluted levels, as cleaning the panels may become expensive and cumbersome.
- Anti-Reflective (AR) Coatings: The coating decreases reflection from the surface of photovoltaic cells; hence more sunlight is absorbed and converted to energy. This is very important for improving the efficiencies of such panels, especially in areas with variations in weather or reduced exposure to sunlight. Current advancements in AR coating technology, even at higher transmission rates and durability levels, are currently pushing the market forward, not least because they are regionally very promising for high solar energy potential.
- High Transmission Coatings: Gains in AR coating technology with higher transmission rates and durability are fueling this trend, especially where the potential for solar energy is high. Examples include the development of temperature-responsive coatings, whose properties can change to prevent overheating of photovoltaic cells and impair efficiency. Self-healing smart coatings that can recover after damage or stress are also in the works, opening doors for even increased durability and reduced maintenance costs. All of these innovations now expand the functionality of solar panel coatings and drive interest in high-tech, multifunctional coatings.
- Growth Opportunities in Emerging Markets for Solar Panel Coatings: The solar panel coatings market has a huge opportunity in the rapid growth of the use of solar energy in emerging markets, led by Asia-Pacific, Africa, and Latin America. This is because investment in massive solar energy projects by such regions in their pursuit of living up to surging energy demands leads to increased demand for efficient, long-lasting, and budget-friendly coatings. The growing infrastructure in these regions creates a demand for solar panels that can withstand adverse environmental conditions, such as high humidity, dust, and temperatures, with open doors to coatings that can provide specified protections.
- Recycling and Refurbishment Trends Driving Demand for Sustainable Coatings: With the solar panel industry maturing in most parts of the world, the focus is now on recycling and refurbishing solar panels. Removal of coatings that do not damage the underlying solar cells or other panel components will increasingly be preferred in this market. Further, coatings that provide protection for a longer time to solar panels, which in turn provide them with a longer life and avoid their necessity for repeated replacement, also present a potential business opportunity for manufacturers. With the increase in recycling initiatives and circular economy models, coatings can be developed that allow the easy dismantling and refurbishment of solar panels.
- Sustainability Driving Demand for Eco-Friendly Solar Panel Coatings: Sustainability at a global level is driving governments to set up more stringent environmental regulations, encouraging the use of eco-friendly materials. Non-toxic, low-VOC and renewable-resource-based solar panel coatings are in line with such policies and can also be eligible for incentives and subsidies from the government. As demand for environmentally responsible products continues to rise, manufacturers will see an opportunity to create coatings that meet sustainability goals as the world continues trying to minimize the carbon footprint of its industries, including solar.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Solar Panel Coatings Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Solar Panel Coatings Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
The development of anti-reflective coatings is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the solar panel coatings market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
3M Co, Diamon-Fusion International Inc, FENZI SpA, Advanced Nanotech Lab, LYFCOAT NANOTECHNOLOGY, VETROSOL, Unelko Corp, and Compagnie de Saint-Gobain SA
The major factors driving the solar panel coatings market are:
1. Increasing Demand for Solar Energy and Efficiency.
2. Technological Advancements in Coating Materials.
The Solar Panel Coatings Market is estimated to witness a CAGR of 14.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Panel Coatings Market - By Type
1.3.2 Solar Panel Coatings Market - By Application
1.3.3 Solar Panel Coatings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PANEL COATINGS 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. SOLAR PANEL COATINGS 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 COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PANEL COATINGS - GLOBAL MARKET OVERVIEW
6.2. SOLAR PANEL COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR PANEL COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANTI-REFLECTIVE
7.3.1. Overview
7.3.2. Anti-Reflective Market Forecast and Analysis
7.4. HYDROPHOBIC
7.4.1. Overview
7.4.2. Hydrophobic Market Forecast and Analysis
7.5. SELF-CLEANING
7.5.1. Overview
7.5.2. Self-Cleaning Market Forecast and Analysis
7.6. ANTI-SOILING
7.6.1. Overview
7.6.2. Anti-Soiling Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SOLAR PANEL COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. ENERGY
8.5.1. Overview
8.5.2. Energy Market Forecast and Analysis
8.6. AGRICULTURE
8.6.1. Overview
8.6.2. Agriculture Market Forecast and Analysis
8.7. AUTOMOBILES
8.7.1. Overview
8.7.2. Automobiles Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SOLAR PANEL COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Panel Coatings Market Overview
9.1.2 North America Solar Panel Coatings Market Forecasts and Analysis
9.1.3 North America Solar Panel Coatings Market Forecasts and Analysis - By Type
9.1.4 North America Solar Panel Coatings Market Forecasts and Analysis - By Application
9.1.5 North America Solar Panel Coatings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Panel Coatings Market
9.1.5.1.1 United States Solar Panel Coatings Market by Type
9.1.5.1.2 United States Solar Panel Coatings Market by Application
9.1.5.2 Canada Solar Panel Coatings Market
9.1.5.2.1 Canada Solar Panel Coatings Market by Type
9.1.5.2.2 Canada Solar Panel Coatings Market by Application
9.1.5.3 Mexico Solar Panel Coatings Market
9.1.5.3.1 Mexico Solar Panel Coatings Market by Type
9.1.5.3.2 Mexico Solar Panel Coatings Market by Application
9.2. EUROPE
9.2.1 Europe Solar Panel Coatings Market Overview
9.2.2 Europe Solar Panel Coatings Market Forecasts and Analysis
9.2.3 Europe Solar Panel Coatings Market Forecasts and Analysis - By Type
9.2.4 Europe Solar Panel Coatings Market Forecasts and Analysis - By Application
9.2.5 Europe Solar Panel Coatings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Panel Coatings Market
9.2.5.1.1 Germany Solar Panel Coatings Market by Type
9.2.5.1.2 Germany Solar Panel Coatings Market by Application
9.2.5.2 France Solar Panel Coatings Market
9.2.5.2.1 France Solar Panel Coatings Market by Type
9.2.5.2.2 France Solar Panel Coatings Market by Application
9.2.5.3 Italy Solar Panel Coatings Market
9.2.5.3.1 Italy Solar Panel Coatings Market by Type
9.2.5.3.2 Italy Solar Panel Coatings Market by Application
9.2.5.4 United Kingdom Solar Panel Coatings Market
9.2.5.4.1 United Kingdom Solar Panel Coatings Market by Type
9.2.5.4.2 United Kingdom Solar Panel Coatings Market by Application
9.2.5.5 Russia Solar Panel Coatings Market
9.2.5.5.1 Russia Solar Panel Coatings Market by Type
9.2.5.5.2 Russia Solar Panel Coatings Market by Application
9.2.5.6 Rest of Europe Solar Panel Coatings Market
9.2.5.6.1 Rest of Europe Solar Panel Coatings Market by Type
9.2.5.6.2 Rest of Europe Solar Panel Coatings Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Panel Coatings Market Overview
9.3.2 Asia-Pacific Solar Panel Coatings Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Panel Coatings Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Solar Panel Coatings Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar Panel Coatings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Panel Coatings Market
9.3.5.1.1 Australia Solar Panel Coatings Market by Type
9.3.5.1.2 Australia Solar Panel Coatings Market by Application
9.3.5.2 China Solar Panel Coatings Market
9.3.5.2.1 China Solar Panel Coatings Market by Type
9.3.5.2.2 China Solar Panel Coatings Market by Application
9.3.5.3 India Solar Panel Coatings Market
9.3.5.3.1 India Solar Panel Coatings Market by Type
9.3.5.3.2 India Solar Panel Coatings Market by Application
9.3.5.4 Japan Solar Panel Coatings Market
9.3.5.4.1 Japan Solar Panel Coatings Market by Type
9.3.5.4.2 Japan Solar Panel Coatings Market by Application
9.3.5.5 Rest of Asia-Pacific Solar Panel Coatings Market
9.3.5.5.1 Rest of Asia-Pacific Solar Panel Coatings Market by Type
9.3.5.5.2 Rest of Asia-Pacific Solar Panel Coatings Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Panel Coatings Market Overview
9.4.2 Middle East and Africa Solar Panel Coatings Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Panel Coatings Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Solar Panel Coatings Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar Panel Coatings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Panel Coatings Market
9.4.5.1.1 South Africa Solar Panel Coatings Market by Type
9.4.5.1.2 South Africa Solar Panel Coatings Market by Application
9.4.5.2 Saudi Arabia Solar Panel Coatings Market
9.4.5.2.1 Saudi Arabia Solar Panel Coatings Market by Type
9.4.5.2.2 Saudi Arabia Solar Panel Coatings Market by Application
9.4.5.3 U.A.E Solar Panel Coatings Market
9.4.5.3.1 U.A.E Solar Panel Coatings Market by Type
9.4.5.3.2 U.A.E Solar Panel Coatings Market by Application
9.4.5.4 Rest of Middle East and Africa Solar Panel Coatings Market
9.4.5.4.1 Rest of Middle East and Africa Solar Panel Coatings Market by Type
9.4.5.4.2 Rest of Middle East and Africa Solar Panel Coatings Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Panel Coatings Market Overview
9.5.2 South and Central America Solar Panel Coatings Market Forecasts and Analysis
9.5.3 South and Central America Solar Panel Coatings Market Forecasts and Analysis - By Type
9.5.4 South and Central America Solar Panel Coatings Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar Panel Coatings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Panel Coatings Market
9.5.5.1.1 Brazil Solar Panel Coatings Market by Type
9.5.5.1.2 Brazil Solar Panel Coatings Market by Application
9.5.5.2 Argentina Solar Panel Coatings Market
9.5.5.2.1 Argentina Solar Panel Coatings Market by Type
9.5.5.2.2 Argentina Solar Panel Coatings Market by Application
9.5.5.3 Rest of South and Central America Solar Panel Coatings Market
9.5.5.3.1 Rest of South and Central America Solar Panel Coatings Market by Type
9.5.5.3.2 Rest of South and Central America Solar Panel Coatings Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR PANEL COATINGS MARKET, KEY COMPANY PROFILES
11.1. 3M
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARKEMA S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DIAMON-FUSION INTERNATIONAL, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DSM
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ELEMENT 119
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FENZI S.P.A.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NANOTECH PRODUCTS PTY LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OPTITUNE OY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PPG INDUSTRIES INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNELKO CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3M
2. Arkema S.A.
3. Diamon-Fusion International, Inc
4. DSM
5. Element 119
6. FENZI S.P.A.
7. Nanotech Products Pty Ltd
8. Optitune Oy
9. PPG Industries Inc
10. Unelko 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.
Get Free Sample For