String Inverter Market Outlook, Segments, Geography, Dynamics, and Insights by 2031

Coverage: String Inverter Market covers analysis By System Type (On-Grid, Off-Grid); Phase (Single Phase, Three Phase); End Use (Residential, Commercial, Industrial, Utilities) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00027556
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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String Inverter Market Report (2021-2031) | The Insight Partners

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The String Inverter Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Phase (Single Phase, Three Phase). The report further presents analysis based on the Installation Type (On-Grid, Off-Grid). The report further presents analysis based on the Power Rating (Up to 10kw, 11kw-80kw, Above 80kw). The report further presents analysis based on the End User (Residential, Commercial and Industrial, Utilities). 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 Report

The report String Inverter 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.

String Inverter Market Segmentation

Phase
  • Single Phase
  • Three Phase
Installation Type
  • On-Grid
  • Off-Grid
Power Rating
  • Up to 10kw
  • 11kw-80kw
  • Above 80kw
End User
  • Residential
  • Commercial and Industrial
  • Utilities
End User
  • Residential
  • Commercial and Industrial
  • Utilities

Strategic Insights

String Inverter Market Growth Drivers
  • Increasing Residential and Utility Solar Installations: The increased push towards achieving green power to achieve sustainability and energy security is the primary factor driving the deployment of solar PV for meeting the rising demand and replacing the fossil-fuel based power generating sources. The growth is majorly attributable to increasing government initiatives and incentives, technological advancements, constant reducing cost and rural electrification..
  • Government Intiatives towards Solar Installations: Strong government policy support continues to remain as the principal driver of solar PV deployment across the world. Various policies implemented including, auctions, feed-in-tariffs, net-metering, contracts for difference, Investment tax credit, production tax credit, and renewable power generation targets.
  • Technological Advancements in Solar Power Systems: Ongoing improvements in solar power technology, including higher efficiency solar panels and advanced inverters, are driving the growth of the string inverter market. String inverters are becoming more efficient, compact, and cost-effective and, therefore, preferred for residential, commercial, and industrial solar installations. These advancements enable higher energy output and improved system performance.
String Inverter Market Future Trends
  • Increasing Investments in Renewable Energy Sector: According to the International Energy Agency (IEA), the global energy demand increased by 8% in 2022. The upswing in investments in 2022 is a mixture of a cyclical response to recovery and a structural shift in capital flows toward cleaner technologies. For instance, the Saudi Arabian Ministry in January 2023 announced an investment of US$ 226 billion for development of clean energy across the country. This investment will be utilized for developing wind and solar energy infrastructure for generating power to meet the country-wide demand.
  • Smart Inverters and Grid Optimization: Integration into the smart grid systems is going to be the future for string inverters. Inverters that are termed as smart inverters because they will have features of remote monitoring, real-time data analysis, and grid optimization will be in the fore in improving overall performances of solar energy systems. It is going to help balance the grid, increase stability in grids, and provide support for sophisticated techniques for energy management. This means the solar power can be included more easily in national grids.
String Inverter Market Opportunities
  • Technological Innovations in Smart String Inverters: Smart string inverters are a more advanced type of power electronics that can make autonomous decisions to keep the grid stable and reliable. Smart string inverters work autonomously while ensuring uninterrupted power flow without voltage fluctuations. Advanced features such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. Hence, the technological innovations in smart string inverters is expected to be the key trend in string inverter market
  • Growth in Emerging Markets: The string inverter market will have significant opportunities, especially in emerging economies in Asia-Pacific, Africa, and South and Central America, as they increase their investments in solar infrastructure to meet rising energy demands. String inverters are very scalable and affordable, making them an ideal solution for large-scale solar installations in these emerging markets.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the String Inverter 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 String Inverter 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
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

What are the deliverable formats of the String Inverter Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the leading players operating in the String Inverter Market

The leading players operating in the string inverter market include SMA Solar Technology AG, Sungrow Power Supply Co., Ltd., Fronius International GmbH, Delta Electronics, Inc., Ginlong Technologies, Huawei Technologies Co. Ltd., Growatt New Energy, Schneider Electric, Fimer SpA, and SolarEdge Technologies, Inc.

What is the future trend of the String Inverter Market?

Technological innovations in smart string inverters is the key future trend of the string inverter market

What is the expected CAGR of the String Inverter Market?

The String Inverter Market is estimated to witness a CAGR of 7.2% from 2023 to 2031

What are the driving factors impacting the global String Inverter Market?

The major factors driving the string inverter market are: Rise in solar PV installations in residential and utility applications and government initiatives towards promotion of solar power.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1String Inverter Market - By System Type
1.3.2String Inverter Market - By Phase
1.3.3String Inverter Market - By End Use
1.3.4String Inverter Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.STRING INVERTER 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.STRING INVERTER 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.STRING INVERTER MARKET - GLOBAL MARKET ANALYSIS
6.1.STRING INVERTER - GLOBAL MARKET OVERVIEW
6.2.STRING INVERTER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING

7.STRING INVERTER MARKET - REVENUE AND FORECASTS TO 2028 " SYSTEM TYPE
7.1.OVERVIEW
7.2.SYSTEM TYPE MARKET FORECASTS AND ANALYSIS
7.3.ON-GRID
7.3.1.Overview
7.3.2.On-Grid Market Forecast and Analysis
7.4.OFF-GRID
7.4.1.Overview
7.4.2.Off-Grid Market Forecast and Analysis
8.STRING INVERTER MARKET - REVENUE AND FORECASTS TO 2028 " PHASE
8.1.OVERVIEW
8.2.PHASE MARKET FORECASTS AND ANALYSIS
8.3.SINGLE PHASE
8.3.1.Overview
8.3.2.Single Phase Market Forecast and Analysis
8.4.THREE PHASE
8.4.1.Overview
8.4.2.Three Phase Market Forecast and Analysis
9.STRING INVERTER MARKET - REVENUE AND FORECASTS TO 2028 " END USE
9.1.OVERVIEW
9.2.END USE MARKET FORECASTS AND ANALYSIS
9.3.RESIDENTIAL
9.3.1.Overview
9.3.2.Residential Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
9.5.INDUSTRIAL
9.5.1.Overview
9.5.2.Industrial Market Forecast and Analysis
9.6.UTILITIES
9.6.1.Overview
9.6.2.Utilities Market Forecast and Analysis

10.STRING INVERTER MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America String Inverter Market Overview
10.1.2North America String Inverter Market Forecasts and Analysis
10.1.3North America String Inverter Market Forecasts and Analysis - By System Type
10.1.4North America String Inverter Market Forecasts and Analysis - By Phase
10.1.5North America String Inverter Market Forecasts and Analysis - By End Use
10.1.6North America String Inverter Market Forecasts and Analysis - By Countries
10.1.6.1United States String Inverter Market
10.1.6.1.1United States String Inverter Market by System Type
10.1.6.1.2United States String Inverter Market by Phase
10.1.6.1.3United States String Inverter Market by End Use
10.1.6.2Canada String Inverter Market
10.1.6.2.1Canada String Inverter Market by System Type
10.1.6.2.2Canada String Inverter Market by Phase
10.1.6.2.3Canada String Inverter Market by End Use
10.1.6.3Mexico String Inverter Market
10.1.6.3.1Mexico String Inverter Market by System Type
10.1.6.3.2Mexico String Inverter Market by Phase
10.1.6.3.3Mexico String Inverter Market by End Use
10.2.EUROPE
10.2.1Europe String Inverter Market Overview
10.2.2Europe String Inverter Market Forecasts and Analysis
10.2.3Europe String Inverter Market Forecasts and Analysis - By System Type
10.2.4Europe String Inverter Market Forecasts and Analysis - By Phase
10.2.5Europe String Inverter Market Forecasts and Analysis - By End Use
10.2.6Europe String Inverter Market Forecasts and Analysis - By Countries
10.2.6.1Germany String Inverter Market
10.2.6.1.1Germany String Inverter Market by System Type
10.2.6.1.2Germany String Inverter Market by Phase
10.2.6.1.3Germany String Inverter Market by End Use
10.2.6.2France String Inverter Market
10.2.6.2.1France String Inverter Market by System Type
10.2.6.2.2France String Inverter Market by Phase
10.2.6.2.3France String Inverter Market by End Use
10.2.6.3Italy String Inverter Market
10.2.6.3.1Italy String Inverter Market by System Type
10.2.6.3.2Italy String Inverter Market by Phase
10.2.6.3.3Italy String Inverter Market by End Use
10.2.6.4Spain String Inverter Market
10.2.6.4.1Spain String Inverter Market by System Type
10.2.6.4.2Spain String Inverter Market by Phase
10.2.6.4.3Spain String Inverter Market by End Use
10.2.6.5United Kingdom String Inverter Market
10.2.6.5.1United Kingdom String Inverter Market by System Type
10.2.6.5.2United Kingdom String Inverter Market by Phase
10.2.6.5.3United Kingdom String Inverter Market by End Use
10.2.6.6Russia String Inverter Market
10.2.6.6.1Russia String Inverter Market by System Type
10.2.6.6.2Russia String Inverter Market by Phase
10.2.6.6.3Russia String Inverter Market by End Use
10.2.6.7Rest of Europe String Inverter Market
10.2.6.7.1Rest of Europe String Inverter Market by System Type
10.2.6.7.2Rest of Europe String Inverter Market by Phase
10.2.6.7.3Rest of Europe String Inverter Market by End Use
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific String Inverter Market Overview
10.3.2Asia-Pacific String Inverter Market Forecasts and Analysis
10.3.3Asia-Pacific String Inverter Market Forecasts and Analysis - By System Type
10.3.4Asia-Pacific String Inverter Market Forecasts and Analysis - By Phase
10.3.5Asia-Pacific String Inverter Market Forecasts and Analysis - By End Use
10.3.6Asia-Pacific String Inverter Market Forecasts and Analysis - By Countries
10.3.6.1Australia String Inverter Market
10.3.6.1.1Australia String Inverter Market by System Type
10.3.6.1.2Australia String Inverter Market by Phase
10.3.6.1.3Australia String Inverter Market by End Use
10.3.6.2China String Inverter Market
10.3.6.2.1China String Inverter Market by System Type
10.3.6.2.2China String Inverter Market by Phase
10.3.6.2.3China String Inverter Market by End Use
10.3.6.3India String Inverter Market
10.3.6.3.1India String Inverter Market by System Type
10.3.6.3.2India String Inverter Market by Phase
10.3.6.3.3India String Inverter Market by End Use
10.3.6.4Japan String Inverter Market
10.3.6.4.1Japan String Inverter Market by System Type
10.3.6.4.2Japan String Inverter Market by Phase
10.3.6.4.3Japan String Inverter Market by End Use
10.3.6.5South Korea String Inverter Market
10.3.6.5.1South Korea String Inverter Market by System Type
10.3.6.5.2South Korea String Inverter Market by Phase
10.3.6.5.3South Korea String Inverter Market by End Use
10.3.6.6Rest of Asia-Pacific String Inverter Market
10.3.6.6.1Rest of Asia-Pacific String Inverter Market by System Type
10.3.6.6.2Rest of Asia-Pacific String Inverter Market by Phase
10.3.6.6.3Rest of Asia-Pacific String Inverter Market by End Use
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa String Inverter Market Overview
10.4.2Middle East and Africa String Inverter Market Forecasts and Analysis
10.4.3Middle East and Africa String Inverter Market Forecasts and Analysis - By System Type
10.4.4Middle East and Africa String Inverter Market Forecasts and Analysis - By Phase
10.4.5Middle East and Africa String Inverter Market Forecasts and Analysis - By End Use
10.4.6Middle East and Africa String Inverter Market Forecasts and Analysis - By Countries
10.4.6.1South Africa String Inverter Market
10.4.6.1.1South Africa String Inverter Market by System Type
10.4.6.1.2South Africa String Inverter Market by Phase
10.4.6.1.3South Africa String Inverter Market by End Use
10.4.6.2Saudi Arabia String Inverter Market
10.4.6.2.1Saudi Arabia String Inverter Market by System Type
10.4.6.2.2Saudi Arabia String Inverter Market by Phase
10.4.6.2.3Saudi Arabia String Inverter Market by End Use
10.4.6.3U.A.E String Inverter Market
10.4.6.3.1U.A.E String Inverter Market by System Type
10.4.6.3.2U.A.E String Inverter Market by Phase
10.4.6.3.3U.A.E String Inverter Market by End Use
10.4.6.4Rest of Middle East and Africa String Inverter Market
10.4.6.4.1Rest of Middle East and Africa String Inverter Market by System Type
10.4.6.4.2Rest of Middle East and Africa String Inverter Market by Phase
10.4.6.4.3Rest of Middle East and Africa String Inverter Market by End Use
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America String Inverter Market Overview
10.5.2South and Central America String Inverter Market Forecasts and Analysis
10.5.3South and Central America String Inverter Market Forecasts and Analysis - By System Type
10.5.4South and Central America String Inverter Market Forecasts and Analysis - By Phase
10.5.5South and Central America String Inverter Market Forecasts and Analysis - By End Use
10.5.6South and Central America String Inverter Market Forecasts and Analysis - By Countries
10.5.6.1Brazil String Inverter Market
10.5.6.1.1Brazil String Inverter Market by System Type
10.5.6.1.2Brazil String Inverter Market by Phase
10.5.6.1.3Brazil String Inverter Market by End Use
10.5.6.2Argentina String Inverter Market
10.5.6.2.1Argentina String Inverter Market by System Type
10.5.6.2.2Argentina String Inverter Market by Phase
10.5.6.2.3Argentina String Inverter Market by End Use
10.5.6.3Rest of South and Central America String Inverter Market
10.5.6.3.1Rest of South and Central America String Inverter Market by System Type
10.5.6.3.2Rest of South and Central America String Inverter Market by Phase
10.5.6.3.3Rest of South and Central America String Inverter Market by End Use

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.STRING INVERTER MARKET, KEY COMPANY PROFILES
12.1.SIEMENS AG
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.HUAWEI TECHNOLOGIES CO. LTD.
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.SMA SOLAR TECHNOLOGY AG
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.NINGBO GINLONG TECHNOLOGIES
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.ABB LIMITED
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.KACO NEW ENERGY GMBH
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.DELTA ENERGY SYSTEMS GMBH
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.SOLARMAX
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.CHINT GROUP
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.FIMER S.P.A
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
The List of Companies

1.Siemens AG
2.Huawei Technologies Co. Ltd.
3.SMA Solar Technology AG
4.Ningbo Ginlong Technologies
5.ABB Limited
6.KACO New Energy Gmbh
7.Delta Energy Systems Gmbh
8.SolarMax
9.Chint group
10.FIMER S.p.A

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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