Solar PV Backsheet Market Strategies and Share 2031
A solar backsheet is a polymer or polymer blend that is found at the bottom of a solar PV panel. The solar cell back sheet is a critical solar panel material used in the construction of a PV module. The PV backsheet is located on the PV module's outermost layer. The PV back sheet is intended to protect the module's inner components, specifically the photovoltaic cells and electrical components, from external stresses while also acting as an electrical insulator. To achieve this, the solar panel material must be of sturdy construction, typically a three-layer laminate, and have high dielectric properties. Solar PV backsheet are one of the less visible but critical components of a solar panel's long-term performance. Encapsulation for solar cells, on the other hand, is provided by ethylene vinyl acetate, also known as EVA. The market demand for fluoropolymer-based solar PV backsheets is expected to rise in the coming years, thereby driving the market during forecast period.
MARKET DYNAMICS
The growing adoption of sustainable energy technologies, rapid deployment of solar roof-tops, and policy supports from governments to enable adoption of renewable technologies is driving the growth of the solar PV backsheet market. However, the high installation and storage cost of solar PV power may restrain the growth of the solar PV backsheet market. Furthermore, more technological advancement and growing demand of fluoropolymer-based solar PV backsheets is anticipated to create market opportunities for the solar PV backsheet market during the forecast period.
MARKET SCOPE
The "Global Solar PV Backsheet Market Analysis to 2031" is a specialized and in-depth study of the solar PV backsheet market with a special focus on the global market trend analysis. The report aims to provide an overview of solar PV backsheet market with detailed market segmentation by product, thickness, material, technology, and geography. The global solar PV backsheet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar PV backsheet market players and offers key trends and opportunities in the solar PV backsheet market.
MARKET SEGMENTATION
The global solar PV backsheet market is segmented on the basis of product, thickness, material, and technology. On the basis of product, the market is segmented as TPT-Primed, TPE, PET, PVDF, and others. Similarly, on the basis of thickness, the market is segmented as less than 100 micrometre, 100 To 500 micrometre, and more than 500 micrometre. Further based on material, market is segmented into the fluoride and non-fluoride. Furthermore, based on technology, market is segmented into the crystalline, thin film, and ultra-thin film.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global solar PV backsheet market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The solar PV backsheet market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting solar PV backsheet market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar PV backsheet market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global solar PV backsheet market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The solar PV backsheet market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting solar PV backsheet market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar PV backsheet market in these regions.
MARKET PLAYERS
The reports cover key developments in the solar PV backsheet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from solar PV backsheet market are anticipated to lucrative growth opportunities in the future with the rising demand for solar PV backsheet. Below mentioned is the list of few companies engaged in the solar PV backsheet market.
The report also includes the profiles of key solar PV backsheet market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Arkema
- COVEME s.p.a.
- DUNMORE
- DuPont
- KREMPEL GmbH
- TAIFLEX Scientific Co., Ltd.
- Targray Technology International Inc.
- TORAY INDUSTRIES, INC.
- TOYO ALUMINIUM K.K.
- ZTT International Limited
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 Solar PV Backsheet Market - By Product
1.3.2 Solar PV Backsheet Market - By Thickness
1.3.3 Solar PV Backsheet Market - By Material
1.3.4 Solar PV Backsheet Market - By Technology
1.3.5 Solar PV Backsheet Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PV BACKSHEET 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SOLAR PV BACKSHEET 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 PV BACKSHEET MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PV BACKSHEET - GLOBAL MARKET OVERVIEW
6.2. SOLAR PV BACKSHEET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR PV BACKSHEET MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. TPT-PRIMED
7.3.1. Overview
7.3.2. TPT-Primed Market Forecast and Analysis
7.4. TPE
7.4.1. Overview
7.4.2. TPE Market Forecast and Analysis
7.5. PET
7.5.1. Overview
7.5.2. PET Market Forecast and Analysis
7.6. PVDF
7.6.1. Overview
7.6.2. PVDF Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SOLAR PV BACKSHEET MARKET - REVENUE AND FORECASTS TO 2028 - THICKNESS
8.1. OVERVIEW
8.2. THICKNESS MARKET FORECASTS AND ANALYSIS
8.3. LESS THAN 100 MICROMETRE
8.3.1. Overview
8.3.2. less than 100 Micrometre Market Forecast and Analysis
8.4. 100 TO 500 MICROMETRE
8.4.1. Overview
8.4.2. 100 To 500 Micrometre Market Forecast and Analysis
8.5. MORE THAN 500 MICROMETRE
8.5.1. Overview
8.5.2. more than 500 Micrometre Market Forecast and Analysis
9. SOLAR PV BACKSHEET MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1. OVERVIEW
9.2. MATERIAL MARKET FORECASTS AND ANALYSIS
9.3. FLUORIDE
9.3.1. Overview
9.3.2. Fluoride Market Forecast and Analysis
9.4. NON-FLUORIDE
9.4.1. Overview
9.4.2. Non-Fluoride Market Forecast and Analysis
10. SOLAR PV BACKSHEET MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. CRYSTALLINE
10.3.1. Overview
10.3.2. Crystalline Market Forecast and Analysis
10.4. THIN FILM
10.4.1. Overview
10.4.2. Thin Film Market Forecast and Analysis
10.5. ULTRA-THIN FILM
10.5.1. Overview
10.5.2. Ultra-Thin Film Market Forecast and Analysis
11. SOLAR PV BACKSHEET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Solar PV Backsheet Market Overview
11.1.2 North America Solar PV Backsheet Market Forecasts and Analysis
11.1.3 North America Solar PV Backsheet Market Forecasts and Analysis - By Product
11.1.4 North America Solar PV Backsheet Market Forecasts and Analysis - By Thickness
11.1.5 North America Solar PV Backsheet Market Forecasts and Analysis - By Material
11.1.6 North America Solar PV Backsheet Market Forecasts and Analysis - By Technology
11.1.7 North America Solar PV Backsheet Market Forecasts and Analysis - By Countries
11.1.7.1 United States Solar PV Backsheet Market
11.1.7.1.1 United States Solar PV Backsheet Market by Product
11.1.7.1.2 United States Solar PV Backsheet Market by Thickness
11.1.7.1.3 United States Solar PV Backsheet Market by Material
11.1.7.1.4 United States Solar PV Backsheet Market by Technology
11.1.7.2 Canada Solar PV Backsheet Market
11.1.7.2.1 Canada Solar PV Backsheet Market by Product
11.1.7.2.2 Canada Solar PV Backsheet Market by Thickness
11.1.7.2.3 Canada Solar PV Backsheet Market by Material
11.1.7.2.4 Canada Solar PV Backsheet Market by Technology
11.1.7.3 Mexico Solar PV Backsheet Market
11.1.7.3.1 Mexico Solar PV Backsheet Market by Product
11.1.7.3.2 Mexico Solar PV Backsheet Market by Thickness
11.1.7.3.3 Mexico Solar PV Backsheet Market by Material
11.1.7.3.4 Mexico Solar PV Backsheet Market by Technology
11.2. EUROPE
11.2.1 Europe Solar PV Backsheet Market Overview
11.2.2 Europe Solar PV Backsheet Market Forecasts and Analysis
11.2.3 Europe Solar PV Backsheet Market Forecasts and Analysis - By Product
11.2.4 Europe Solar PV Backsheet Market Forecasts and Analysis - By Thickness
11.2.5 Europe Solar PV Backsheet Market Forecasts and Analysis - By Material
11.2.6 Europe Solar PV Backsheet Market Forecasts and Analysis - By Technology
11.2.7 Europe Solar PV Backsheet Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Solar PV Backsheet Market
11.2.7.1.1 Germany Solar PV Backsheet Market by Product
11.2.7.1.2 Germany Solar PV Backsheet Market by Thickness
11.2.7.1.3 Germany Solar PV Backsheet Market by Material
11.2.7.1.4 Germany Solar PV Backsheet Market by Technology
11.2.7.2 France Solar PV Backsheet Market
11.2.7.2.1 France Solar PV Backsheet Market by Product
11.2.7.2.2 France Solar PV Backsheet Market by Thickness
11.2.7.2.3 France Solar PV Backsheet Market by Material
11.2.7.2.4 France Solar PV Backsheet Market by Technology
11.2.7.3 Italy Solar PV Backsheet Market
11.2.7.3.1 Italy Solar PV Backsheet Market by Product
11.2.7.3.2 Italy Solar PV Backsheet Market by Thickness
11.2.7.3.3 Italy Solar PV Backsheet Market by Material
11.2.7.3.4 Italy Solar PV Backsheet Market by Technology
11.2.7.4 United Kingdom Solar PV Backsheet Market
11.2.7.4.1 United Kingdom Solar PV Backsheet Market by Product
11.2.7.4.2 United Kingdom Solar PV Backsheet Market by Thickness
11.2.7.4.3 United Kingdom Solar PV Backsheet Market by Material
11.2.7.4.4 United Kingdom Solar PV Backsheet Market by Technology
11.2.7.5 Russia Solar PV Backsheet Market
11.2.7.5.1 Russia Solar PV Backsheet Market by Product
11.2.7.5.2 Russia Solar PV Backsheet Market by Thickness
11.2.7.5.3 Russia Solar PV Backsheet Market by Material
11.2.7.5.4 Russia Solar PV Backsheet Market by Technology
11.2.7.6 Rest of Europe Solar PV Backsheet Market
11.2.7.6.1 Rest of Europe Solar PV Backsheet Market by Product
11.2.7.6.2 Rest of Europe Solar PV Backsheet Market by Thickness
11.2.7.6.3 Rest of Europe Solar PV Backsheet Market by Material
11.2.7.6.4 Rest of Europe Solar PV Backsheet Market by Technology
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Solar PV Backsheet Market Overview
11.3.2 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis
11.3.3 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis - By Thickness
11.3.5 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis - By Material
11.3.6 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis - By Technology
11.3.7 Asia-Pacific Solar PV Backsheet Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Solar PV Backsheet Market
11.3.7.1.1 Australia Solar PV Backsheet Market by Product
11.3.7.1.2 Australia Solar PV Backsheet Market by Thickness
11.3.7.1.3 Australia Solar PV Backsheet Market by Material
11.3.7.1.4 Australia Solar PV Backsheet Market by Technology
11.3.7.2 China Solar PV Backsheet Market
11.3.7.2.1 China Solar PV Backsheet Market by Product
11.3.7.2.2 China Solar PV Backsheet Market by Thickness
11.3.7.2.3 China Solar PV Backsheet Market by Material
11.3.7.2.4 China Solar PV Backsheet Market by Technology
11.3.7.3 India Solar PV Backsheet Market
11.3.7.3.1 India Solar PV Backsheet Market by Product
11.3.7.3.2 India Solar PV Backsheet Market by Thickness
11.3.7.3.3 India Solar PV Backsheet Market by Material
11.3.7.3.4 India Solar PV Backsheet Market by Technology
11.3.7.4 Japan Solar PV Backsheet Market
11.3.7.4.1 Japan Solar PV Backsheet Market by Product
11.3.7.4.2 Japan Solar PV Backsheet Market by Thickness
11.3.7.4.3 Japan Solar PV Backsheet Market by Material
11.3.7.4.4 Japan Solar PV Backsheet Market by Technology
11.3.7.5 South Korea Solar PV Backsheet Market
11.3.7.5.1 South Korea Solar PV Backsheet Market by Product
11.3.7.5.2 South Korea Solar PV Backsheet Market by Thickness
11.3.7.5.3 South Korea Solar PV Backsheet Market by Material
11.3.7.5.4 South Korea Solar PV Backsheet Market by Technology
11.3.7.6 Rest of Asia-Pacific Solar PV Backsheet Market
11.3.7.6.1 Rest of Asia-Pacific Solar PV Backsheet Market by Product
11.3.7.6.2 Rest of Asia-Pacific Solar PV Backsheet Market by Thickness
11.3.7.6.3 Rest of Asia-Pacific Solar PV Backsheet Market by Material
11.3.7.6.4 Rest of Asia-Pacific Solar PV Backsheet Market by Technology
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Solar PV Backsheet Market Overview
11.4.2 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis
11.4.3 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis - By Thickness
11.4.5 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis - By Material
11.4.6 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis - By Technology
11.4.7 Middle East and Africa Solar PV Backsheet Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Solar PV Backsheet Market
11.4.7.1.1 South Africa Solar PV Backsheet Market by Product
11.4.7.1.2 South Africa Solar PV Backsheet Market by Thickness
11.4.7.1.3 South Africa Solar PV Backsheet Market by Material
11.4.7.1.4 South Africa Solar PV Backsheet Market by Technology
11.4.7.2 Saudi Arabia Solar PV Backsheet Market
11.4.7.2.1 Saudi Arabia Solar PV Backsheet Market by Product
11.4.7.2.2 Saudi Arabia Solar PV Backsheet Market by Thickness
11.4.7.2.3 Saudi Arabia Solar PV Backsheet Market by Material
11.4.7.2.4 Saudi Arabia Solar PV Backsheet Market by Technology
11.4.7.3 U.A.E Solar PV Backsheet Market
11.4.7.3.1 U.A.E Solar PV Backsheet Market by Product
11.4.7.3.2 U.A.E Solar PV Backsheet Market by Thickness
11.4.7.3.3 U.A.E Solar PV Backsheet Market by Material
11.4.7.3.4 U.A.E Solar PV Backsheet Market by Technology
11.4.7.4 Rest of Middle East and Africa Solar PV Backsheet Market
11.4.7.4.1 Rest of Middle East and Africa Solar PV Backsheet Market by Product
11.4.7.4.2 Rest of Middle East and Africa Solar PV Backsheet Market by Thickness
11.4.7.4.3 Rest of Middle East and Africa Solar PV Backsheet Market by Material
11.4.7.4.4 Rest of Middle East and Africa Solar PV Backsheet Market by Technology
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Solar PV Backsheet Market Overview
11.5.2 South and Central America Solar PV Backsheet Market Forecasts and Analysis
11.5.3 South and Central America Solar PV Backsheet Market Forecasts and Analysis - By Product
11.5.4 South and Central America Solar PV Backsheet Market Forecasts and Analysis - By Thickness
11.5.5 South and Central America Solar PV Backsheet Market Forecasts and Analysis - By Material
11.5.6 South and Central America Solar PV Backsheet Market Forecasts and Analysis - By Technology
11.5.7 South and Central America Solar PV Backsheet Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Solar PV Backsheet Market
11.5.7.1.1 Brazil Solar PV Backsheet Market by Product
11.5.7.1.2 Brazil Solar PV Backsheet Market by Thickness
11.5.7.1.3 Brazil Solar PV Backsheet Market by Material
11.5.7.1.4 Brazil Solar PV Backsheet Market by Technology
11.5.7.2 Argentina Solar PV Backsheet Market
11.5.7.2.1 Argentina Solar PV Backsheet Market by Product
11.5.7.2.2 Argentina Solar PV Backsheet Market by Thickness
11.5.7.2.3 Argentina Solar PV Backsheet Market by Material
11.5.7.2.4 Argentina Solar PV Backsheet Market by Technology
11.5.7.3 Rest of South and Central America Solar PV Backsheet Market
11.5.7.3.1 Rest of South and Central America Solar PV Backsheet Market by Product
11.5.7.3.2 Rest of South and Central America Solar PV Backsheet Market by Thickness
11.5.7.3.3 Rest of South and Central America Solar PV Backsheet Market by Material
11.5.7.3.4 Rest of South and Central America Solar PV Backsheet Market by Technology
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 PV BACKSHEET MARKET, KEY COMPANY PROFILES
13.1. ARKEMA
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. COVEME S.P.A.
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. DUNMORE
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. DUPONT
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. KREMPEL 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. TAIFLEX SCIENTIFIC CO., LTD.
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. TARGRAY TECHNOLOGY INTERNATIONAL 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. TORAY INDUSTRIES, INC.
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. TOYO ALUMINIUM K.K.
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. ZTT INTERNATIONAL LIMITED
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. Arkema
2. COVEME s.p.a.
3. DUNMORE
4. DuPont
5. KREMPEL GmbH
6. TAIFLEX Scientific Co., Ltd.
7. Targray Technology International Inc.
8. TORAY INDUSTRIES, INC.
9. TOYO ALUMINIUM K.K.
10. ZTT International Limited
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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