Turbogenerator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A turbo generator is an electric generator connected to the shaft of a steam turbine or gas turbine for the generation of electric power. Large steam-powered turbo generators provide the majority of the world's electricity and are also used by steam-powered turbo-electric ships. Small turbo-generators driven by gas turbines are often used as auxiliary power units (APU, mainly for aircraft).
MARKET DYNAMICS
The global turbo generator market is expected to grow at a significant rate in the forecast period. The increasing energy demand in the world, resulting in an increase in the number of power plants, is expected to drive the market during the forecast period. The inherent advantages that turbo generators provide, in addition to the ability to be connected directly to the electrical generator and the resulting lower operating costs, are factors spurring the turbo generator market. The increase in the demand for the continuous and stable power supply from various industries for continuous production and processing operations is expected to boost the turbo generator market growth.
MARKET SCOPE
The ˜Global Turbo Generator Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the turbo generator market with detailed market segmentation by type, cooling system, and end-users. The global turbo generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading turbo generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Type: By type the global turbo generator market is bifurcated into Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator.
2. By Cooling System: By cooling system the global turbo generator market is bifurcated into Air-Cooled, Water-Cooled, and Hydrogen-Cooled.
3. By End-User: By end-users the global turbo generator market is bifurcated into Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others
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 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The turbo generator 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 turbo generator 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 turbo generator market in these regions.
IMPACT OF COVID 19
The outbreak of Covid-19 resulted in a temporary ban on import-export and disrupted the supply chain. Since the pandemic, the demand for electricity decreased as several industries temporarily closed their manufacturing factories. However, the demand for electricity is increasing due to government's declaration to resume power generation, which is expected to get the market back on track.
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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 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The turbo generator 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 turbo generator 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 turbo generator market in these regions.
IMPACT OF COVID 19
The outbreak of Covid-19 resulted in a temporary ban on import-export and disrupted the supply chain. Since the pandemic, the demand for electricity decreased as several industries temporarily closed their manufacturing factories. However, the demand for electricity is increasing due to government's declaration to resume power generation, which is expected to get the market back on track.
MARKET PLAYERS
The report covers vital developments in the turbo generator 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 turbo generator market are anticipated to have lucrative growth opportunities in the future with the rising demand for turbo generator in the global market. Below mentioned is the list of a few companies engaged in the turbo generator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the turbo generator 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.
1. Alstom SA
2. Andritz AG
3. Ansaldo Energia SpA
4. Dongfang Electric Corporation
5. Ebara Corporation
6. General Electric Company
7. Mitsubishi Heavy Industries, Ltd
8. Siemens AG
9. Suzlon Energy Ltd
10. 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
1.3.1Turbogenerator Market - By Type
1.3.2Turbogenerator Market - By Cooling System
1.3.3Turbogenerator Market - By End-Users
1.3.4Turbogenerator Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.TURBOGENERATOR 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.TURBOGENERATOR 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.TURBOGENERATOR MARKET - GLOBAL MARKET ANALYSIS
6.1.TURBOGENERATOR - GLOBAL MARKET OVERVIEW
6.2.TURBOGENERATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.TURBOGENERATOR MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.GAS TURBINE GENERATOR
7.3.1.Overview
7.3.2.Gas Turbine Generator Market Forecast and Analysis
7.4.STEAM TURBINE GENERATOR
7.4.1.Overview
7.4.2.Steam Turbine Generator Market Forecast and Analysis
7.5.WATER TURBINE GENERATOR.
7.5.1.Overview
7.5.2.Water Turbine Generator. Market Forecast and Analysis
8.TURBOGENERATOR MARKET - REVENUE AND FORECASTS TO 2028 " COOLING SYSTEM
8.1.OVERVIEW
8.2.COOLING SYSTEM MARKET FORECASTS AND ANALYSIS
8.3.AIR-COOLED
8.3.1.Overview
8.3.2.Air-Cooled Market Forecast and Analysis
8.4.WATER-COOLED
8.4.1.Overview
8.4.2.Water-Cooled Market Forecast and Analysis
8.5.HYDROGEN-COOLED.
8.5.1.Overview
8.5.2.Hydrogen-Cooled. Market Forecast and Analysis
9.TURBOGENERATOR MARKET - REVENUE AND FORECASTS TO 2028 " END-USERS
9.1.OVERVIEW
9.2.END-USERS MARKET FORECASTS AND ANALYSIS
9.3.COAL POWER PLANTS
9.3.1.Overview
9.3.2.Coal Power Plants Market Forecast and Analysis
9.4.GAS POWER PLANTS
9.4.1.Overview
9.4.2.Gas Power Plants Market Forecast and Analysis
9.5.NUCLEAR POWER PLANTS
9.5.1.Overview
9.5.2.Nuclear Power Plants Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.TURBOGENERATOR MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Turbogenerator Market Overview
10.1.2North America Turbogenerator Market Forecasts and Analysis
10.1.3North America Turbogenerator Market Forecasts and Analysis - By Type
10.1.4North America Turbogenerator Market Forecasts and Analysis - By Cooling System
10.1.5North America Turbogenerator Market Forecasts and Analysis - By End-Users
10.1.6North America Turbogenerator Market Forecasts and Analysis - By Countries
10.1.6.1United States Turbogenerator Market
10.1.6.1.1United States Turbogenerator Market by Type
10.1.6.1.2United States Turbogenerator Market by Cooling System
10.1.6.1.3United States Turbogenerator Market by End-Users
10.1.6.2Canada Turbogenerator Market
10.1.6.2.1Canada Turbogenerator Market by Type
10.1.6.2.2Canada Turbogenerator Market by Cooling System
10.1.6.2.3Canada Turbogenerator Market by End-Users
10.1.6.3Mexico Turbogenerator Market
10.1.6.3.1Mexico Turbogenerator Market by Type
10.1.6.3.2Mexico Turbogenerator Market by Cooling System
10.1.6.3.3Mexico Turbogenerator Market by End-Users
10.2.EUROPE
10.2.1Europe Turbogenerator Market Overview
10.2.2Europe Turbogenerator Market Forecasts and Analysis
10.2.3Europe Turbogenerator Market Forecasts and Analysis - By Type
10.2.4Europe Turbogenerator Market Forecasts and Analysis - By Cooling System
10.2.5Europe Turbogenerator Market Forecasts and Analysis - By End-Users
10.2.6Europe Turbogenerator Market Forecasts and Analysis - By Countries
10.2.6.1Germany Turbogenerator Market
10.2.6.1.1Germany Turbogenerator Market by Type
10.2.6.1.2Germany Turbogenerator Market by Cooling System
10.2.6.1.3Germany Turbogenerator Market by End-Users
10.2.6.2France Turbogenerator Market
10.2.6.2.1France Turbogenerator Market by Type
10.2.6.2.2France Turbogenerator Market by Cooling System
10.2.6.2.3France Turbogenerator Market by End-Users
10.2.6.3Italy Turbogenerator Market
10.2.6.3.1Italy Turbogenerator Market by Type
10.2.6.3.2Italy Turbogenerator Market by Cooling System
10.2.6.3.3Italy Turbogenerator Market by End-Users
10.2.6.4Spain Turbogenerator Market
10.2.6.4.1Spain Turbogenerator Market by Type
10.2.6.4.2Spain Turbogenerator Market by Cooling System
10.2.6.4.3Spain Turbogenerator Market by End-Users
10.2.6.5United Kingdom Turbogenerator Market
10.2.6.5.1United Kingdom Turbogenerator Market by Type
10.2.6.5.2United Kingdom Turbogenerator Market by Cooling System
10.2.6.5.3United Kingdom Turbogenerator Market by End-Users
10.2.6.6Russia Turbogenerator Market
10.2.6.6.1Russia Turbogenerator Market by Type
10.2.6.6.2Russia Turbogenerator Market by Cooling System
10.2.6.6.3Russia Turbogenerator Market by End-Users
10.2.6.7Rest of Europe Turbogenerator Market
10.2.6.7.1Rest of Europe Turbogenerator Market by Type
10.2.6.7.2Rest of Europe Turbogenerator Market by Cooling System
10.2.6.7.3Rest of Europe Turbogenerator Market by End-Users
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Turbogenerator Market Overview
10.3.2Asia-Pacific Turbogenerator Market Forecasts and Analysis
10.3.3Asia-Pacific Turbogenerator Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Turbogenerator Market Forecasts and Analysis - By Cooling System
10.3.5Asia-Pacific Turbogenerator Market Forecasts and Analysis - By End-Users
10.3.6Asia-Pacific Turbogenerator Market Forecasts and Analysis - By Countries
10.3.6.1Australia Turbogenerator Market
10.3.6.1.1Australia Turbogenerator Market by Type
10.3.6.1.2Australia Turbogenerator Market by Cooling System
10.3.6.1.3Australia Turbogenerator Market by End-Users
10.3.6.2China Turbogenerator Market
10.3.6.2.1China Turbogenerator Market by Type
10.3.6.2.2China Turbogenerator Market by Cooling System
10.3.6.2.3China Turbogenerator Market by End-Users
10.3.6.3India Turbogenerator Market
10.3.6.3.1India Turbogenerator Market by Type
10.3.6.3.2India Turbogenerator Market by Cooling System
10.3.6.3.3India Turbogenerator Market by End-Users
10.3.6.4Japan Turbogenerator Market
10.3.6.4.1Japan Turbogenerator Market by Type
10.3.6.4.2Japan Turbogenerator Market by Cooling System
10.3.6.4.3Japan Turbogenerator Market by End-Users
10.3.6.5South Korea Turbogenerator Market
10.3.6.5.1South Korea Turbogenerator Market by Type
10.3.6.5.2South Korea Turbogenerator Market by Cooling System
10.3.6.5.3South Korea Turbogenerator Market by End-Users
10.3.6.6Rest of Asia-Pacific Turbogenerator Market
10.3.6.6.1Rest of Asia-Pacific Turbogenerator Market by Type
10.3.6.6.2Rest of Asia-Pacific Turbogenerator Market by Cooling System
10.3.6.6.3Rest of Asia-Pacific Turbogenerator Market by End-Users
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Turbogenerator Market Overview
10.4.2Middle East and Africa Turbogenerator Market Forecasts and Analysis
10.4.3Middle East and Africa Turbogenerator Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Turbogenerator Market Forecasts and Analysis - By Cooling System
10.4.5Middle East and Africa Turbogenerator Market Forecasts and Analysis - By End-Users
10.4.6Middle East and Africa Turbogenerator Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Turbogenerator Market
10.4.6.1.1South Africa Turbogenerator Market by Type
10.4.6.1.2South Africa Turbogenerator Market by Cooling System
10.4.6.1.3South Africa Turbogenerator Market by End-Users
10.4.6.2Saudi Arabia Turbogenerator Market
10.4.6.2.1Saudi Arabia Turbogenerator Market by Type
10.4.6.2.2Saudi Arabia Turbogenerator Market by Cooling System
10.4.6.2.3Saudi Arabia Turbogenerator Market by End-Users
10.4.6.3U.A.E Turbogenerator Market
10.4.6.3.1U.A.E Turbogenerator Market by Type
10.4.6.3.2U.A.E Turbogenerator Market by Cooling System
10.4.6.3.3U.A.E Turbogenerator Market by End-Users
10.4.6.4Rest of Middle East and Africa Turbogenerator Market
10.4.6.4.1Rest of Middle East and Africa Turbogenerator Market by Type
10.4.6.4.2Rest of Middle East and Africa Turbogenerator Market by Cooling System
10.4.6.4.3Rest of Middle East and Africa Turbogenerator Market by End-Users
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Turbogenerator Market Overview
10.5.2South and Central America Turbogenerator Market Forecasts and Analysis
10.5.3South and Central America Turbogenerator Market Forecasts and Analysis - By Type
10.5.4South and Central America Turbogenerator Market Forecasts and Analysis - By Cooling System
10.5.5South and Central America Turbogenerator Market Forecasts and Analysis - By End-Users
10.5.6South and Central America Turbogenerator Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Turbogenerator Market
10.5.6.1.1Brazil Turbogenerator Market by Type
10.5.6.1.2Brazil Turbogenerator Market by Cooling System
10.5.6.1.3Brazil Turbogenerator Market by End-Users
10.5.6.2Argentina Turbogenerator Market
10.5.6.2.1Argentina Turbogenerator Market by Type
10.5.6.2.2Argentina Turbogenerator Market by Cooling System
10.5.6.2.3Argentina Turbogenerator Market by End-Users
10.5.6.3Rest of South and Central America Turbogenerator Market
10.5.6.3.1Rest of South and Central America Turbogenerator Market by Type
10.5.6.3.2Rest of South and Central America Turbogenerator Market by Cooling System
10.5.6.3.3Rest of South and Central America Turbogenerator Market by End-Users
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.TURBOGENERATOR MARKET, KEY COMPANY PROFILES
12.1.ALSTOM SA
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.ANDRITZ AG
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.ANSALDO ENERGIA SPA
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.DONGFANG ELECTRIC CORPORATION
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.EBARA 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.GENERAL ELECTRIC COMPANY
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 HEAVY INDUSTRIES, LTD
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.SUZLON ENERGY LTD
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.Alstom SA
2.Andritz AG
3.Ansaldo Energia SpA
4.Dongfang Electric Corporation
5.Ebara Corporation
6.General Electric Company
7.Mitsubishi Heavy Industries, Ltd
8.Siemens AG
9.Suzlon Energy Ltd
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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