Solar Thermal Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Solar Thermal Energy is a form of energy that is used for harnessing solar energy to generate thermal energy for commercial and residential use. Solar thermal power or electric generation systems can collect and concentrate the sunlight to generate high-temperature heat that is required to produce electricity.
MARKET SCOPE
The "Global Solar Thermal Market Analysis 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Solar Thermal Market with detailed market segmentation into by collector type, by system type, by application, and by region. The Solar Thermal Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Solar Thermal Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Solar Thermal Market has been segmented into by collector type, by system type, and by application. By collector type the market has been bifurcated into evacuated tube collector, flat plate collector, unglazed water collector, and air collector. By type the market has been bifurcated into thermosiphon solar heating systems, and pumped solar heating system. By application the market has been bifurcated into domestic hot water systems, large DHW systems, solar combi systems, and others.
MARKET DYNAMICS
Growth Factors
Restraints
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 Thermal 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 Thermal 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 Thermal Market in these regions.
Impact of Covid 19 on Solar Thermal Market
The Covid 19 pandemic had a significant impact on the Solar Thermal Market. Due to rise in the number of cases several government authorities and regulatory bodies imposed lockdowns and restrictions to curtail the spread of Covid 19. The pandemic caused major ructions across the energy sector and growth factors were diminished due to uncertainty over power demand as the industrial and commercial sectors were closed down. But it is expected that the Solar Thermal Market will show a steady growth in the coming years due to government regulations and people shifting towards clean and greener alternatives.
Have a question?
Naveen
Naveen 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
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 Thermal 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 Thermal 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 Thermal Market in these regions.
Impact of Covid 19 on Solar Thermal Market
The Covid 19 pandemic had a significant impact on the Solar Thermal Market. Due to rise in the number of cases several government authorities and regulatory bodies imposed lockdowns and restrictions to curtail the spread of Covid 19. The pandemic caused major ructions across the energy sector and growth factors were diminished due to uncertainty over power demand as the industrial and commercial sectors were closed down. But it is expected that the Solar Thermal Market will show a steady growth in the coming years due to government regulations and people shifting towards clean and greener alternatives.
MARKET PLAYERS
The report covers vital developments in the Solar Thermal 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 Off Solar Thermal Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Solar Thermal Market. Below mentioned is the list of a few companies engaged in the Solar Thermal Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Solar Thermal 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.
- Abengoa Solar
- BrightSource Energy
- HTP Comfort Solutions LLC
- Lointek
- Robert Bosch
- SCHOTT
- Sener
- Siemens
- SolarReserve
- Sunrain
- 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 Thermal Market - By Collector Type
1.3.2Solar Thermal Market - By Type
1.3.3Solar Thermal Market - By Application
1.3.4Solar Thermal Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SOLAR THERMAL 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.SOLAR THERMAL 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 THERMAL MARKET - GLOBAL MARKET ANALYSIS
6.1.SOLAR THERMAL - GLOBAL MARKET OVERVIEW
6.2.SOLAR THERMAL - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.SOLAR THERMAL MARKET - REVENUE AND FORECASTS TO 2028 " COLLECTOR TYPE
7.1.OVERVIEW
7.2.COLLECTOR TYPE MARKET FORECASTS AND ANALYSIS
7.3.EVACUATED TUBE COLLECTOR
7.3.1.Overview
7.3.2.Evacuated Tube Collector Market Forecast and Analysis
7.4.FLAT PLATE COLLECTOR
7.4.1.Overview
7.4.2.Flat Plate Collector Market Forecast and Analysis
7.5.UNGLAZED WATER COLLECTOR
7.5.1.Overview
7.5.2.Unglazed Water Collector Market Forecast and Analysis
7.6.AIR COLLECTOR
7.6.1.Overview
7.6.2.Air Collector Market Forecast and Analysis
8.SOLAR THERMAL MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.THERMOSIPHON SOLAR HEATING SYSTEMS
8.3.1.Overview
8.3.2.Thermosiphon Solar Heating Systems Market Forecast and Analysis
8.4.PUMPED SOLAR HEATING SYSTEMS
8.4.1.Overview
8.4.2.Pumped Solar Heating Systems Market Forecast and Analysis
9.SOLAR THERMAL MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.DOMESTIC HOT WATER SYSTEMS
9.3.1.Overview
9.3.2.Domestic Hot Water Systems Market Forecast and Analysis
9.4.LARGE DHW SYSTEMS
9.4.1.Overview
9.4.2.Large DHW Systems Market Forecast and Analysis
9.5.SOLAR COMBI SYSTEMS
9.5.1.Overview
9.5.2.Solar Combi Systems Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.SOLAR THERMAL MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Solar Thermal Market Overview
10.1.2North America Solar Thermal Market Forecasts and Analysis
10.1.3North America Solar Thermal Market Forecasts and Analysis - By Collector Type
10.1.4North America Solar Thermal Market Forecasts and Analysis - By Type
10.1.5North America Solar Thermal Market Forecasts and Analysis - By Application
10.1.6North America Solar Thermal Market Forecasts and Analysis - By Countries
10.1.6.1United States Solar Thermal Market
10.1.6.1.1United States Solar Thermal Market by Collector Type
10.1.6.1.2United States Solar Thermal Market by Type
10.1.6.1.3United States Solar Thermal Market by Application
10.1.6.2Canada Solar Thermal Market
10.1.6.2.1Canada Solar Thermal Market by Collector Type
10.1.6.2.2Canada Solar Thermal Market by Type
10.1.6.2.3Canada Solar Thermal Market by Application
10.1.6.3Mexico Solar Thermal Market
10.1.6.3.1Mexico Solar Thermal Market by Collector Type
10.1.6.3.2Mexico Solar Thermal Market by Type
10.1.6.3.3Mexico Solar Thermal Market by Application
10.2.EUROPE
10.2.1Europe Solar Thermal Market Overview
10.2.2Europe Solar Thermal Market Forecasts and Analysis
10.2.3Europe Solar Thermal Market Forecasts and Analysis - By Collector Type
10.2.4Europe Solar Thermal Market Forecasts and Analysis - By Type
10.2.5Europe Solar Thermal Market Forecasts and Analysis - By Application
10.2.6Europe Solar Thermal Market Forecasts and Analysis - By Countries
10.2.6.1Germany Solar Thermal Market
10.2.6.1.1Germany Solar Thermal Market by Collector Type
10.2.6.1.2Germany Solar Thermal Market by Type
10.2.6.1.3Germany Solar Thermal Market by Application
10.2.6.2France Solar Thermal Market
10.2.6.2.1France Solar Thermal Market by Collector Type
10.2.6.2.2France Solar Thermal Market by Type
10.2.6.2.3France Solar Thermal Market by Application
10.2.6.3Italy Solar Thermal Market
10.2.6.3.1Italy Solar Thermal Market by Collector Type
10.2.6.3.2Italy Solar Thermal Market by Type
10.2.6.3.3Italy Solar Thermal Market by Application
10.2.6.4Spain Solar Thermal Market
10.2.6.4.1Spain Solar Thermal Market by Collector Type
10.2.6.4.2Spain Solar Thermal Market by Type
10.2.6.4.3Spain Solar Thermal Market by Application
10.2.6.5United Kingdom Solar Thermal Market
10.2.6.5.1United Kingdom Solar Thermal Market by Collector Type
10.2.6.5.2United Kingdom Solar Thermal Market by Type
10.2.6.5.3United Kingdom Solar Thermal Market by Application
10.2.6.6Russia Solar Thermal Market
10.2.6.6.1Russia Solar Thermal Market by Collector Type
10.2.6.6.2Russia Solar Thermal Market by Type
10.2.6.6.3Russia Solar Thermal Market by Application
10.2.6.7Rest of Europe Solar Thermal Market
10.2.6.7.1Rest of Europe Solar Thermal Market by Collector Type
10.2.6.7.2Rest of Europe Solar Thermal Market by Type
10.2.6.7.3Rest of Europe Solar Thermal Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Solar Thermal Market Overview
10.3.2Asia-Pacific Solar Thermal Market Forecasts and Analysis
10.3.3Asia-Pacific Solar Thermal Market Forecasts and Analysis - By Collector Type
10.3.4Asia-Pacific Solar Thermal Market Forecasts and Analysis - By Type
10.3.5Asia-Pacific Solar Thermal Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Solar Thermal Market Forecasts and Analysis - By Countries
10.3.6.1Australia Solar Thermal Market
10.3.6.1.1Australia Solar Thermal Market by Collector Type
10.3.6.1.2Australia Solar Thermal Market by Type
10.3.6.1.3Australia Solar Thermal Market by Application
10.3.6.2China Solar Thermal Market
10.3.6.2.1China Solar Thermal Market by Collector Type
10.3.6.2.2China Solar Thermal Market by Type
10.3.6.2.3China Solar Thermal Market by Application
10.3.6.3India Solar Thermal Market
10.3.6.3.1India Solar Thermal Market by Collector Type
10.3.6.3.2India Solar Thermal Market by Type
10.3.6.3.3India Solar Thermal Market by Application
10.3.6.4Japan Solar Thermal Market
10.3.6.4.1Japan Solar Thermal Market by Collector Type
10.3.6.4.2Japan Solar Thermal Market by Type
10.3.6.4.3Japan Solar Thermal Market by Application
10.3.6.5South Korea Solar Thermal Market
10.3.6.5.1South Korea Solar Thermal Market by Collector Type
10.3.6.5.2South Korea Solar Thermal Market by Type
10.3.6.5.3South Korea Solar Thermal Market by Application
10.3.6.6Rest of Asia-Pacific Solar Thermal Market
10.3.6.6.1Rest of Asia-Pacific Solar Thermal Market by Collector Type
10.3.6.6.2Rest of Asia-Pacific Solar Thermal Market by Type
10.3.6.6.3Rest of Asia-Pacific Solar Thermal Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Solar Thermal Market Overview
10.4.2Middle East and Africa Solar Thermal Market Forecasts and Analysis
10.4.3Middle East and Africa Solar Thermal Market Forecasts and Analysis - By Collector Type
10.4.4Middle East and Africa Solar Thermal Market Forecasts and Analysis - By Type
10.4.5Middle East and Africa Solar Thermal Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Solar Thermal Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Solar Thermal Market
10.4.6.1.1South Africa Solar Thermal Market by Collector Type
10.4.6.1.2South Africa Solar Thermal Market by Type
10.4.6.1.3South Africa Solar Thermal Market by Application
10.4.6.2Saudi Arabia Solar Thermal Market
10.4.6.2.1Saudi Arabia Solar Thermal Market by Collector Type
10.4.6.2.2Saudi Arabia Solar Thermal Market by Type
10.4.6.2.3Saudi Arabia Solar Thermal Market by Application
10.4.6.3U.A.E Solar Thermal Market
10.4.6.3.1U.A.E Solar Thermal Market by Collector Type
10.4.6.3.2U.A.E Solar Thermal Market by Type
10.4.6.3.3U.A.E Solar Thermal Market by Application
10.4.6.4Rest of Middle East and Africa Solar Thermal Market
10.4.6.4.1Rest of Middle East and Africa Solar Thermal Market by Collector Type
10.4.6.4.2Rest of Middle East and Africa Solar Thermal Market by Type
10.4.6.4.3Rest of Middle East and Africa Solar Thermal Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Solar Thermal Market Overview
10.5.2South and Central America Solar Thermal Market Forecasts and Analysis
10.5.3South and Central America Solar Thermal Market Forecasts and Analysis - By Collector Type
10.5.4South and Central America Solar Thermal Market Forecasts and Analysis - By Type
10.5.5South and Central America Solar Thermal Market Forecasts and Analysis - By Application
10.5.6South and Central America Solar Thermal Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Solar Thermal Market
10.5.6.1.1Brazil Solar Thermal Market by Collector Type
10.5.6.1.2Brazil Solar Thermal Market by Type
10.5.6.1.3Brazil Solar Thermal Market by Application
10.5.6.2Argentina Solar Thermal Market
10.5.6.2.1Argentina Solar Thermal Market by Collector Type
10.5.6.2.2Argentina Solar Thermal Market by Type
10.5.6.2.3Argentina Solar Thermal Market by Application
10.5.6.3Rest of South and Central America Solar Thermal Market
10.5.6.3.1Rest of South and Central America Solar Thermal Market by Collector Type
10.5.6.3.2Rest of South and Central America Solar Thermal Market by Type
10.5.6.3.3Rest of South and Central America Solar Thermal 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.SOLAR THERMAL MARKET, KEY COMPANY PROFILES
12.1.ABENGOA SOLAR
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.BRIGHTSOURCE ENERGY
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.HTP COMFORT SOLUTIONS LLC
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.LOINTEK
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.ROBERT BOSCH
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.SCHOTT
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.SENER
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.SIEMENS
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.SOLARRESERVE
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.SUNRAIN
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.Abengoa Solar
2.BrightSource Energy
3.HTP Comfort Solutions LLC
4.Lointek
5.Robert Bosch
6.SCHOTT
7.Sener
8.Siemens
9.SolarReserve
10.Sunrain
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