In conventional AC transmission system, the ability to transfer AC power is limited by several factors like thermal limits, transient stability limit, voltage limit, short circuit current limit etc. These limits define the maximum electric power which can be efficiently transmitted through the transmission line without causing any damage to the electrical equipment and the transmission lines. Flexible AC Transmission Systems (FACTS) increase the reliability of AC grids. They improve power quality and transmission efficiency from generation through transmission down to the private and industrial consumers: Better utilization of the network, increased availability and reliability as well as improved network stability are achieved along with higher supply quality.
MARKET DYNAMICS
Growing digitalization of infrastructures mainly driven by smart city implementations are positively impacting the flexible AC transmission systems market in the recent times. Higher initial investments associated with the setting up of digital technologies in the utilities sector coupled with period maintenance poses certain challenges on the smooth growth of flexible AC transmission systems market. Further, rising emphasis laid down by the environmental bodies on renewable energy projects are anticipated to provide good opportunity platforms to the players operating in the flexible AC transmission systems market.
MARKET SCOPE
The "Global Flexible AC Transmission Systems Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flexible AC transmission systems market with detailed market segmentation by compensation type, controller, industry vertical, and geography. The global flexible AC transmission systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flexible AC transmission systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flexible AC transmission systems market is segmented on the basis of compensation type, controller, and industry vertical. On the basis of compensation type, the flexible AC transmission systems market is segmented into series compensation, shunt compensation, and combined series-shunt compensation. The flexible AC transmission systems market on the basis of the controller is classified into STATCOM, SVC, UPFC, TCSC, and Others. Based on industry vertical, the flexible AC transmission systems market is segmented into oil & gas, industrial, railways, electric utilities, and renewables.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flexible AC transmission systems market based on various segments. It also provides market size and forecast estimates from the 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 flexible AC transmission systems 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 flexible AC transmission systems market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the flexible AC transmission systems in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flexible AC transmission systems market based on various segments. It also provides market size and forecast estimates from the 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 flexible AC transmission systems 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 flexible AC transmission systems market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the flexible AC transmission systems in these regions.
MARKET PLAYERSThe reports cover key developments in the flexible AC transmission systems 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 the expansion of business and customer base of market players. The market payers from flexible AC transmission systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Flexible AC transmission systems in the global market. Below mentioned is the list of few companies engaged in the Flexible AC transmission systems market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flexible AC transmission systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- Alstom SA
- American Superconductor Corporation
- General Electric Company
- Hyosung Corporation
- Infineon Technologies
- Mitsubishi Electric
- Siemens AG
- Sieyuan Electric
- Toshiba Corporation
- 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 Flexible AC Transmission Systems Market - By Compensation Type
1.3.2 Flexible AC Transmission Systems Market - By Controller
1.3.3 Flexible AC Transmission Systems Market - By Industry Vertical
1.3.4 Flexible AC Transmission Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FLEXIBLE AC TRANSMISSION SYSTEMS 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. FLEXIBLE AC TRANSMISSION SYSTEMS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. FLEXIBLE AC TRANSMISSION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. FLEXIBLE AC TRANSMISSION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - COMPENSATION TYPE
7.1. OVERVIEW
7.2. COMPENSATION TYPE MARKET FORECASTS AND ANALYSIS
7.3. SERIES COMPENSATION
7.3.1. Overview
7.3.2. Series compensation Market Forecast and Analysis
7.4. SHUNT COMPENSATION
7.4.1. Overview
7.4.2. Shunt compensation Market Forecast and Analysis
7.5. COMBINED SERIES-SHUNT COMPENSATION
7.5.1. Overview
7.5.2. Combined series-shunt compensation Market Forecast and Analysis
8. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - CONTROLLER
8.1. OVERVIEW
8.2. CONTROLLER MARKET FORECASTS AND ANALYSIS
8.3. STATCOM
8.3.1. Overview
8.3.2. STATCOM Market Forecast and Analysis
8.4. SVC
8.4.1. Overview
8.4.2. SVC Market Forecast and Analysis
8.5. UPFC
8.5.1. Overview
8.5.2. UPFC Market Forecast and Analysis
8.6. TCSC
8.6.1. Overview
8.6.2. TCSC Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. OIL AND GAS
9.3.1. Overview
9.3.2. Oil and Gas Market Forecast and Analysis
9.4. INDUSTRIAL
9.4.1. Overview
9.4.2. Industrial Market Forecast and Analysis
9.5. RAILWAYS
9.5.1. Overview
9.5.2. Railways Market Forecast and Analysis
9.6. ELECTRIC UTILITIES
9.6.1. Overview
9.6.2. Electric Utilities Market Forecast and Analysis
9.7. RENEWABLES
9.7.1. Overview
9.7.2. Renewables Market Forecast and Analysis
10. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Flexible AC Transmission Systems Market Overview
10.1.2 North America Flexible AC Transmission Systems Market Forecasts and Analysis
10.1.3 North America Flexible AC Transmission Systems Market Forecasts and Analysis - By Compensation Type
10.1.4 North America Flexible AC Transmission Systems Market Forecasts and Analysis - By Controller
10.1.5 North America Flexible AC Transmission Systems Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Flexible AC Transmission Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Flexible AC Transmission Systems Market
10.1.6.1.1 United States Flexible AC Transmission Systems Market by Compensation Type
10.1.6.1.2 United States Flexible AC Transmission Systems Market by Controller
10.1.6.1.3 United States Flexible AC Transmission Systems Market by Industry Vertical
10.1.6.2 Canada Flexible AC Transmission Systems Market
10.1.6.2.1 Canada Flexible AC Transmission Systems Market by Compensation Type
10.1.6.2.2 Canada Flexible AC Transmission Systems Market by Controller
10.1.6.2.3 Canada Flexible AC Transmission Systems Market by Industry Vertical
10.1.6.3 Mexico Flexible AC Transmission Systems Market
10.1.6.3.1 Mexico Flexible AC Transmission Systems Market by Compensation Type
10.1.6.3.2 Mexico Flexible AC Transmission Systems Market by Controller
10.1.6.3.3 Mexico Flexible AC Transmission Systems Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Flexible AC Transmission Systems Market Overview
10.2.2 Europe Flexible AC Transmission Systems Market Forecasts and Analysis
10.2.3 Europe Flexible AC Transmission Systems Market Forecasts and Analysis - By Compensation Type
10.2.4 Europe Flexible AC Transmission Systems Market Forecasts and Analysis - By Controller
10.2.5 Europe Flexible AC Transmission Systems Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Flexible AC Transmission Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Flexible AC Transmission Systems Market
10.2.6.1.1 Germany Flexible AC Transmission Systems Market by Compensation Type
10.2.6.1.2 Germany Flexible AC Transmission Systems Market by Controller
10.2.6.1.3 Germany Flexible AC Transmission Systems Market by Industry Vertical
10.2.6.2 France Flexible AC Transmission Systems Market
10.2.6.2.1 France Flexible AC Transmission Systems Market by Compensation Type
10.2.6.2.2 France Flexible AC Transmission Systems Market by Controller
10.2.6.2.3 France Flexible AC Transmission Systems Market by Industry Vertical
10.2.6.3 Italy Flexible AC Transmission Systems Market
10.2.6.3.1 Italy Flexible AC Transmission Systems Market by Compensation Type
10.2.6.3.2 Italy Flexible AC Transmission Systems Market by Controller
10.2.6.3.3 Italy Flexible AC Transmission Systems Market by Industry Vertical
10.2.6.4 United Kingdom Flexible AC Transmission Systems Market
10.2.6.4.1 United Kingdom Flexible AC Transmission Systems Market by Compensation Type
10.2.6.4.2 United Kingdom Flexible AC Transmission Systems Market by Controller
10.2.6.4.3 United Kingdom Flexible AC Transmission Systems Market by Industry Vertical
10.2.6.5 Russia Flexible AC Transmission Systems Market
10.2.6.5.1 Russia Flexible AC Transmission Systems Market by Compensation Type
10.2.6.5.2 Russia Flexible AC Transmission Systems Market by Controller
10.2.6.5.3 Russia Flexible AC Transmission Systems Market by Industry Vertical
10.2.6.6 Rest of Europe Flexible AC Transmission Systems Market
10.2.6.6.1 Rest of Europe Flexible AC Transmission Systems Market by Compensation Type
10.2.6.6.2 Rest of Europe Flexible AC Transmission Systems Market by Controller
10.2.6.6.3 Rest of Europe Flexible AC Transmission Systems Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Flexible AC Transmission Systems Market Overview
10.3.2 Asia-Pacific Flexible AC Transmission Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Flexible AC Transmission Systems Market Forecasts and Analysis - By Compensation Type
10.3.4 Asia-Pacific Flexible AC Transmission Systems Market Forecasts and Analysis - By Controller
10.3.5 Asia-Pacific Flexible AC Transmission Systems Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Flexible AC Transmission Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Flexible AC Transmission Systems Market
10.3.6.1.1 Australia Flexible AC Transmission Systems Market by Compensation Type
10.3.6.1.2 Australia Flexible AC Transmission Systems Market by Controller
10.3.6.1.3 Australia Flexible AC Transmission Systems Market by Industry Vertical
10.3.6.2 China Flexible AC Transmission Systems Market
10.3.6.2.1 China Flexible AC Transmission Systems Market by Compensation Type
10.3.6.2.2 China Flexible AC Transmission Systems Market by Controller
10.3.6.2.3 China Flexible AC Transmission Systems Market by Industry Vertical
10.3.6.3 India Flexible AC Transmission Systems Market
10.3.6.3.1 India Flexible AC Transmission Systems Market by Compensation Type
10.3.6.3.2 India Flexible AC Transmission Systems Market by Controller
10.3.6.3.3 India Flexible AC Transmission Systems Market by Industry Vertical
10.3.6.4 Japan Flexible AC Transmission Systems Market
10.3.6.4.1 Japan Flexible AC Transmission Systems Market by Compensation Type
10.3.6.4.2 Japan Flexible AC Transmission Systems Market by Controller
10.3.6.4.3 Japan Flexible AC Transmission Systems Market by Industry Vertical
10.3.6.5 South Korea Flexible AC Transmission Systems Market
10.3.6.5.1 South Korea Flexible AC Transmission Systems Market by Compensation Type
10.3.6.5.2 South Korea Flexible AC Transmission Systems Market by Controller
10.3.6.5.3 South Korea Flexible AC Transmission Systems Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Flexible AC Transmission Systems Market
10.3.6.6.1 Rest of Asia-Pacific Flexible AC Transmission Systems Market by Compensation Type
10.3.6.6.2 Rest of Asia-Pacific Flexible AC Transmission Systems Market by Controller
10.3.6.6.3 Rest of Asia-Pacific Flexible AC Transmission Systems Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Flexible AC Transmission Systems Market Overview
10.4.2 Middle East and Africa Flexible AC Transmission Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Flexible AC Transmission Systems Market Forecasts and Analysis - By Compensation Type
10.4.4 Middle East and Africa Flexible AC Transmission Systems Market Forecasts and Analysis - By Controller
10.4.5 Middle East and Africa Flexible AC Transmission Systems Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Flexible AC Transmission Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Flexible AC Transmission Systems Market
10.4.6.1.1 South Africa Flexible AC Transmission Systems Market by Compensation Type
10.4.6.1.2 South Africa Flexible AC Transmission Systems Market by Controller
10.4.6.1.3 South Africa Flexible AC Transmission Systems Market by Industry Vertical
10.4.6.2 Saudi Arabia Flexible AC Transmission Systems Market
10.4.6.2.1 Saudi Arabia Flexible AC Transmission Systems Market by Compensation Type
10.4.6.2.2 Saudi Arabia Flexible AC Transmission Systems Market by Controller
10.4.6.2.3 Saudi Arabia Flexible AC Transmission Systems Market by Industry Vertical
10.4.6.3 U.A.E Flexible AC Transmission Systems Market
10.4.6.3.1 U.A.E Flexible AC Transmission Systems Market by Compensation Type
10.4.6.3.2 U.A.E Flexible AC Transmission Systems Market by Controller
10.4.6.3.3 U.A.E Flexible AC Transmission Systems Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Flexible AC Transmission Systems Market
10.4.6.4.1 Rest of Middle East and Africa Flexible AC Transmission Systems Market by Compensation Type
10.4.6.4.2 Rest of Middle East and Africa Flexible AC Transmission Systems Market by Controller
10.4.6.4.3 Rest of Middle East and Africa Flexible AC Transmission Systems Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Flexible AC Transmission Systems Market Overview
10.5.2 South and Central America Flexible AC Transmission Systems Market Forecasts and Analysis
10.5.3 South and Central America Flexible AC Transmission Systems Market Forecasts and Analysis - By Compensation Type
10.5.4 South and Central America Flexible AC Transmission Systems Market Forecasts and Analysis - By Controller
10.5.5 South and Central America Flexible AC Transmission Systems Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Flexible AC Transmission Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Flexible AC Transmission Systems Market
10.5.6.1.1 Brazil Flexible AC Transmission Systems Market by Compensation Type
10.5.6.1.2 Brazil Flexible AC Transmission Systems Market by Controller
10.5.6.1.3 Brazil Flexible AC Transmission Systems Market by Industry Vertical
10.5.6.2 Rest of South and Central America Flexible AC Transmission Systems Market
10.5.6.2.1 Rest of South and Central America Flexible AC Transmission Systems Market by Compensation Type
10.5.6.2.2 Rest of South and Central America Flexible AC Transmission Systems Market by Controller
10.5.6.2.3 Rest of South and Central America Flexible AC Transmission Systems Market by Industry Vertical
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. FLEXIBLE AC TRANSMISSION SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
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. ALSTOM SA
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. AMERICAN SUPERCONDUCTOR CORPORATION
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. GENERAL ELECTRIC COMPANY
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. HYOSUNG CORPORATION
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. INFINEON TECHNOLOGIES
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. MITSUBISHI ELECTRIC
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 AG
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. SIEYUAN ELECTRIC
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. TOSHIBA CORPORATION
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. ABB Ltd.
2. Alstom SA
3. American Superconductor Corporation
4. General Electric Company
5. Hyosung Corporation
6. Infineon Technologies
7. Mitsubishi Electric
8. Siemens AG
9. Sieyuan Electric
10. Toshiba Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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