Directional Drilling Services Market Key Players Analysis and Growth Forecast by 2031

Coverage: Directional Drilling Services Market covers analysis By Type (Conventional, Rotary Steerable System); Service (Rotary Steerable System (RSS), Logging-While-Drilling(LWD), Measurement-While-Drilling (MWD) and Survey, Motors (MUD Motors), Others); Application (Onshore, Offshore) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00014556
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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MARKET INTRODUCTION

Rising demand for energy and new oilfield discoveries are driving the growth of the directional drilling services market. Increasing demand for crude oil across the globe is growing the oil and gas exploration, which raising demand for the directional drilling services market. Technological improvement and growing deep water and ultra-deepwater projects are also augmenting in the growth of the directional drilling services market.

MARKET DYNAMICS

Growing demand for chemical and petrochemical products and increasing exploration and production activities are increasing demand for the drilling services, which propels the growth of the directional drilling services market. However, stringent government rules and regulation on oil and gas field development is the major restraint for the growth of the directional drilling services market. Ongoing shale gas developments, and increasing directional drilling activities across the globe are expected to grow the demand for directional drilling services market

MARKET SCOPE

The "Global Directional Drilling Services Market Analysis to 2031" is a specialized and in-depth study of the directional drilling services market with a special focus on the global market trend analysis. The report aims to provide an overview of directional drilling services market with detailed market segmentation by type, service, application. The global directional drilling services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading directional drilling services market players and offers key trends and opportunities in the directional drilling services market.

MARKET SEGMENTATION

The global directional drilling services market is segmented on the basis of type, service, application. On the basis of type, the market is segmented as conventional, rotary steerable system. On the basis of service, the market is segmented as rotary steerable system (RSS), logging-while-drilling (LWD), measurement-while-drilling (MWD) and survey, motors (Mud Motors), others. On the basis of application, the market is segmented as onshore, offshore.

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 directional drilling services 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 directional drilling services 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 directional drilling services 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 directional drilling services market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global directional drilling services 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 directional drilling services 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 directional drilling services 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 directional drilling services market in these regions.

MARKET PLAYERS

The reports cover key developments in the directional drilling services 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 directional drilling services market are anticipated to lucrative growth opportunities in the future with the rising demand for directional drilling services market. Below mentioned is the list of few companies engaged in the directional drilling services market.

The report also includes the profiles of key directional drilling services 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.

  •   Baker Hughes (General Electric Company)
  •   Crescent Directional Drilling, LP
  •   Gyrodata
  •   Halliburton
  •   Jindal Drilling and Industries Limited (JDIL)
  •   Nabors Industries Ltd.
  •   National Energy Services Reunited Corp.
  •   National Oilwell Varco
  •   Schlumberger Limited
  •   Weatherford

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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS


1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Directional Drilling Services Market - By Type
1.3.2Directional Drilling Services Market - By Service
1.3.3Directional Drilling Services Market - By Application
1.3.4Directional Drilling Services Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.DIRECTIONAL DRILLING SERVICES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTEr's FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.DIRECTIONAL DRILLING SERVICES 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.DIRECTIONAL DRILLING SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1.DIRECTIONAL DRILLING SERVICES - GLOBAL MARKET OVERVIEW
6.2.DIRECTIONAL DRILLING SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.DIRECTIONAL DRILLING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.CONVENTIONAL
7.3.1.Overview
7.3.2.Conventional Market Forecast and Analysis
7.4.ROTARY STEERABLE SYSTEM
7.4.1.Overview
7.4.2.Rotary Steerable System Market Forecast and Analysis
8.DIRECTIONAL DRILLING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
8.1.OVERVIEW
8.2.SERVICE MARKET FORECASTS AND ANALYSIS
8.3.ROTARY STEERABLE SYSTEM (RSS)
8.3.1.Overview
8.3.2.Rotary Steerable System (RSS) Market Forecast and Analysis
8.4.LOGGING-WHILE-DRILLING(LWD)
8.4.1.Overview
8.4.2.Logging-While-Drilling(LWD) Market Forecast and Analysis
8.5.MEASUREMENT-WHILE-DRILLING (MWD) AND SURVEY
8.5.1.Overview
8.5.2.Measurement-While-Drilling (MWD) and Survey Market Forecast and Analysis
8.6.MOTORS (MUD MOTORS)
8.6.1.Overview
8.6.2.Motors (MUD Motors) Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.DIRECTIONAL DRILLING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.ONSHORE
9.3.1.Overview
9.3.2.Onshore Market Forecast and Analysis
9.4.OFFSHORE
9.4.1.Overview
9.4.2.Offshore Market Forecast and Analysis

10.DIRECTIONAL DRILLING SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Directional Drilling Services Market Overview
10.1.2North America Directional Drilling Services Market Forecasts and Analysis
10.1.3North America Directional Drilling Services Market Forecasts and Analysis - By Type
10.1.4North America Directional Drilling Services Market Forecasts and Analysis - By Service
10.1.5North America Directional Drilling Services Market Forecasts and Analysis - By Application
10.1.6North America Directional Drilling Services Market Forecasts and Analysis - By Countries
10.1.6.1United States Directional Drilling Services Market
10.1.6.1.1United States Directional Drilling Services Market by Type
10.1.6.1.2United States Directional Drilling Services Market by Service
10.1.6.1.3United States Directional Drilling Services Market by Application
10.1.6.2Canada Directional Drilling Services Market
10.1.6.2.1Canada Directional Drilling Services Market by Type
10.1.6.2.2Canada Directional Drilling Services Market by Service
10.1.6.2.3Canada Directional Drilling Services Market by Application
10.1.6.3Mexico Directional Drilling Services Market
10.1.6.3.1Mexico Directional Drilling Services Market by Type
10.1.6.3.2Mexico Directional Drilling Services Market by Service
10.1.6.3.3Mexico Directional Drilling Services Market by Application
10.2.EUROPE
10.2.1Europe Directional Drilling Services Market Overview
10.2.2Europe Directional Drilling Services Market Forecasts and Analysis
10.2.3Europe Directional Drilling Services Market Forecasts and Analysis - By Type
10.2.4Europe Directional Drilling Services Market Forecasts and Analysis - By Service
10.2.5Europe Directional Drilling Services Market Forecasts and Analysis - By Application
10.2.6Europe Directional Drilling Services Market Forecasts and Analysis - By Countries
10.2.6.1Germany Directional Drilling Services Market
10.2.6.1.1Germany Directional Drilling Services Market by Type
10.2.6.1.2Germany Directional Drilling Services Market by Service
10.2.6.1.3Germany Directional Drilling Services Market by Application
10.2.6.2France Directional Drilling Services Market
10.2.6.2.1France Directional Drilling Services Market by Type
10.2.6.2.2France Directional Drilling Services Market by Service
10.2.6.2.3France Directional Drilling Services Market by Application
10.2.6.3Italy Directional Drilling Services Market
10.2.6.3.1Italy Directional Drilling Services Market by Type
10.2.6.3.2Italy Directional Drilling Services Market by Service
10.2.6.3.3Italy Directional Drilling Services Market by Application
10.2.6.4United Kingdom Directional Drilling Services Market
10.2.6.4.1United Kingdom Directional Drilling Services Market by Type
10.2.6.4.2United Kingdom Directional Drilling Services Market by Service
10.2.6.4.3United Kingdom Directional Drilling Services Market by Application
10.2.6.5Russia Directional Drilling Services Market
10.2.6.5.1Russia Directional Drilling Services Market by Type
10.2.6.5.2Russia Directional Drilling Services Market by Service
10.2.6.5.3Russia Directional Drilling Services Market by Application
10.2.6.6Rest of Europe Directional Drilling Services Market
10.2.6.6.1Rest of Europe Directional Drilling Services Market by Type
10.2.6.6.2Rest of Europe Directional Drilling Services Market by Service
10.2.6.6.3Rest of Europe Directional Drilling Services Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Directional Drilling Services Market Overview
10.3.2Asia-Pacific Directional Drilling Services Market Forecasts and Analysis
10.3.3Asia-Pacific Directional Drilling Services Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Directional Drilling Services Market Forecasts and Analysis - By Service
10.3.5Asia-Pacific Directional Drilling Services Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Directional Drilling Services Market Forecasts and Analysis - By Countries
10.3.6.1Australia Directional Drilling Services Market
10.3.6.1.1Australia Directional Drilling Services Market by Type
10.3.6.1.2Australia Directional Drilling Services Market by Service
10.3.6.1.3Australia Directional Drilling Services Market by Application
10.3.6.2China Directional Drilling Services Market
10.3.6.2.1China Directional Drilling Services Market by Type
10.3.6.2.2China Directional Drilling Services Market by Service
10.3.6.2.3China Directional Drilling Services Market by Application
10.3.6.3India Directional Drilling Services Market
10.3.6.3.1India Directional Drilling Services Market by Type
10.3.6.3.2India Directional Drilling Services Market by Service
10.3.6.3.3India Directional Drilling Services Market by Application
10.3.6.4Japan Directional Drilling Services Market
10.3.6.4.1Japan Directional Drilling Services Market by Type
10.3.6.4.2Japan Directional Drilling Services Market by Service
10.3.6.4.3Japan Directional Drilling Services Market by Application
10.3.6.5South Korea Directional Drilling Services Market
10.3.6.5.1South Korea Directional Drilling Services Market by Type
10.3.6.5.2South Korea Directional Drilling Services Market by Service
10.3.6.5.3South Korea Directional Drilling Services Market by Application
10.3.6.6Rest of Asia-Pacific Directional Drilling Services Market
10.3.6.6.1Rest of Asia-Pacific Directional Drilling Services Market by Type
10.3.6.6.2Rest of Asia-Pacific Directional Drilling Services Market by Service
10.3.6.6.3Rest of Asia-Pacific Directional Drilling Services Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Directional Drilling Services Market Overview
10.4.2Middle East and Africa Directional Drilling Services Market Forecasts and Analysis
10.4.3Middle East and Africa Directional Drilling Services Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Directional Drilling Services Market Forecasts and Analysis - By Service
10.4.5Middle East and Africa Directional Drilling Services Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Directional Drilling Services Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Directional Drilling Services Market
10.4.6.1.1South Africa Directional Drilling Services Market by Type
10.4.6.1.2South Africa Directional Drilling Services Market by Service
10.4.6.1.3South Africa Directional Drilling Services Market by Application
10.4.6.2Saudi Arabia Directional Drilling Services Market
10.4.6.2.1Saudi Arabia Directional Drilling Services Market by Type
10.4.6.2.2Saudi Arabia Directional Drilling Services Market by Service
10.4.6.2.3Saudi Arabia Directional Drilling Services Market by Application
10.4.6.3U.A.E Directional Drilling Services Market
10.4.6.3.1U.A.E Directional Drilling Services Market by Type
10.4.6.3.2U.A.E Directional Drilling Services Market by Service
10.4.6.3.3U.A.E Directional Drilling Services Market by Application
10.4.6.4Rest of Middle East and Africa Directional Drilling Services Market
10.4.6.4.1Rest of Middle East and Africa Directional Drilling Services Market by Type
10.4.6.4.2Rest of Middle East and Africa Directional Drilling Services Market by Service
10.4.6.4.3Rest of Middle East and Africa Directional Drilling Services Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Directional Drilling Services Market Overview
10.5.2South and Central America Directional Drilling Services Market Forecasts and Analysis
10.5.3South and Central America Directional Drilling Services Market Forecasts and Analysis - By Type
10.5.4South and Central America Directional Drilling Services Market Forecasts and Analysis - By Service
10.5.5South and Central America Directional Drilling Services Market Forecasts and Analysis - By Application
10.5.6South and Central America Directional Drilling Services Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Directional Drilling Services Market
10.5.6.1.1Brazil Directional Drilling Services Market by Type
10.5.6.1.2Brazil Directional Drilling Services Market by Service
10.5.6.1.3Brazil Directional Drilling Services Market by Application
10.5.6.2Argentina Directional Drilling Services Market
10.5.6.2.1Argentina Directional Drilling Services Market by Type
10.5.6.2.2Argentina Directional Drilling Services Market by Service
10.5.6.2.3Argentina Directional Drilling Services Market by Application
10.5.6.3Rest of South and Central America Directional Drilling Services Market
10.5.6.3.1Rest of South and Central America Directional Drilling Services Market by Type
10.5.6.3.2Rest of South and Central America Directional Drilling Services Market by Service
10.5.6.3.3Rest of South and Central America Directional Drilling Services 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.DIRECTIONAL DRILLING SERVICES MARKET, KEY COMPANY PROFILES
12.1.BAKER HUGHES (GENERAL ELECTRIC COMPANY)
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.CRESCENT DIRECTIONAL DRILLING, LP
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.GYRODATA
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.HALLIBURTON
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.JINDAL DRILLING AND INDUSTRIES LIMITED (JDIL)
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.NABORS INDUSTRIES LTD.
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.NATIONAL ENERGY SERVICES REUNITED CORP.
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.NATIONAL OILWELL VARCO
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.SCHLUMBERGER LIMITED
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.WEATHERFORD
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. Baker Hughes (General Electric Company)
2. Crescent Directional Drilling, LP
3. Gyrodata
4. Halliburton
5. Jindal Drilling and Industries Limited (JDIL)
6. Nabors Industries Ltd.
7. National Energy Services Reunited Corp.
8. National Oilwell Varco
9. Schlumberger Limited
10. Weatherford

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.

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