The rise in demand for energy owing to growing industrialization in emerging countries is presumed to drive the global market positively. Growing urbanization and a surge in electricity demand are expected to influence the overall market positively. Increasing environmental awareness coupled with stringent emission regulations and standards is projected to aid the global advanced utility boiler market over the forecast period. Mushrooming power plants, especially in emerging economies, and their over-dependence on fossil fuels are expected to aid the regional markets further.
MARKET SCOPE
The "Global Advanced Utility Boiler Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the advanced utility boiler market with detailed market segmentation by technology, fuel, power plant, and geography. The global advanced utility boiler market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading advanced utility boiler market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global advanced utility boiler market is segmented by technology, fuel, and power plant.
MARKET DYNAMICS
Drivers-
Restrains
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 automotive connector's market in these regions.
IMPACT OF COVID-19
The advanced utility boiler manufacturers have closed their production process due to a disrupted supply of equipment and components from suppliers located in Southeast Asian countries and China due to the shutdown owing to the COVID-19 pandemic. Additionally, those companies involved with the advanced utility boiler had to close their manufacturing units due to a lack of workforce availability, which hampered market growth to a large extent. However, In 2019, National Thermal Power Corporation (NTPC), India's biggest state-owned power generator, and Bharat Heavy Electricals Limited (BHEL) signed an MoU to form a joint venture company to set up an 800 megawatts (MW) technology demonstration plant (TDP) at NTPC's existing power plant in Sipat, Chhattisgarh. The main objective of this joint venture is to demonstrate the home-grown advanced ultra-supercritical (AUSC) technology, which is expected to decline CO2 emissions by 20%. Furthermore, In 2019, the first of two 1000 MW ultra-supercritical coal-fired power plants in Port Dickson started commercial operations, bringing the total power generation capacity in the Malay Peninsula to 22,748 MW. These developments and achievements by the key players will aid the market in recovering from the disruptions due to the covid-19 pandemic.
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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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 automotive connector's market in these regions.
IMPACT OF COVID-19
The advanced utility boiler manufacturers have closed their production process due to a disrupted supply of equipment and components from suppliers located in Southeast Asian countries and China due to the shutdown owing to the COVID-19 pandemic. Additionally, those companies involved with the advanced utility boiler had to close their manufacturing units due to a lack of workforce availability, which hampered market growth to a large extent. However, In 2019, National Thermal Power Corporation (NTPC), India's biggest state-owned power generator, and Bharat Heavy Electricals Limited (BHEL) signed an MoU to form a joint venture company to set up an 800 megawatts (MW) technology demonstration plant (TDP) at NTPC's existing power plant in Sipat, Chhattisgarh. The main objective of this joint venture is to demonstrate the home-grown advanced ultra-supercritical (AUSC) technology, which is expected to decline CO2 emissions by 20%. Furthermore, In 2019, the first of two 1000 MW ultra-supercritical coal-fired power plants in Port Dickson started commercial operations, bringing the total power generation capacity in the Malay Peninsula to 22,748 MW. These developments and achievements by the key players will aid the market in recovering from the disruptions due to the covid-19 pandemic.
MARKET PLAYERS
The reports cover key developments in the advanced utility boiler 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 & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the advanced utility boiler market are anticipated to have lucrative growth opportunities in the future with the rising demand for advanced utility boiler in the global market. Below mentioned is the list of few companies engaged in the advanced utility boiler market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced utility boiler 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 three years, the key development in the past five years.
- Alstom Limited
- General Electric
- Hitachi Limited
- Bharat Heavy Electricals
- Mitsubishi Heavy Industries
- Doosan Heavy industries and Construction
- Harbin Electric Company
- Babcock and Wilcox
- Dongfang Electric Corporations
- Shanghai Electric Company
- 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 Advanced Utility Boilers Market - By Technology
1.3.2 Advanced Utility Boilers Market - By Fuel
1.3.3 Advanced Utility Boilers Market - By Power Plant
1.3.4 Advanced Utility Boilers Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ADVANCED UTILITY BOILERS 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. EXPERT OPINIONS
5. ADVANCED UTILITY BOILERS 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. ADVANCED UTILITY BOILERS MARKET - GLOBAL MARKET ANALYSIS
6.1. ADVANCED UTILITY BOILERS - GLOBAL MARKET OVERVIEW
6.2. ADVANCED UTILITY BOILERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ADVANCED UTILITY BOILERS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. SUBCRITICAL
7.3.1. Overview
7.3.2. Subcritical Market Forecast and Analysis
7.4. SUPERCRITICAL
7.4.1. Overview
7.4.2. Supercritical Market Forecast and Analysis
7.5. ULTRA-SUPERCRITICAL
7.5.1. Overview
7.5.2. Ultra-Supercritical Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ADVANCED UTILITY BOILERS MARKET - REVENUE AND FORECASTS TO 2028 - FUEL
8.1. OVERVIEW
8.2. FUEL MARKET FORECASTS AND ANALYSIS
8.3. COAL
8.3.1. Overview
8.3.2. Coal Market Forecast and Analysis
8.4. NATURAL GAS
8.4.1. Overview
8.4.2. Natural Gas Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ADVANCED UTILITY BOILERS MARKET - REVENUE AND FORECASTS TO 2028 - POWER PLANT
9.1. OVERVIEW
9.2. POWER PLANT MARKET FORECASTS AND ANALYSIS
9.3. CONVENTIONAL THERMAL
9.3.1. Overview
9.3.2. Conventional Thermal Market Forecast and Analysis
9.4. COGENERATION
9.4.1. Overview
9.4.2. Cogeneration Market Forecast and Analysis
9.5. COMBINED CYCLE
9.5.1. Overview
9.5.2. Combined Cycle Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ADVANCED UTILITY BOILERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Advanced Utility Boilers Market Overview
10.1.2 North America Advanced Utility Boilers Market Forecasts and Analysis
10.1.3 North America Advanced Utility Boilers Market Forecasts and Analysis - By Technology
10.1.4 North America Advanced Utility Boilers Market Forecasts and Analysis - By Fuel
10.1.5 North America Advanced Utility Boilers Market Forecasts and Analysis - By Power Plant
10.1.6 North America Advanced Utility Boilers Market Forecasts and Analysis - By Countries
10.1.6.1 United States Advanced Utility Boilers Market
10.1.6.1.1 United States Advanced Utility Boilers Market by Technology
10.1.6.1.2 United States Advanced Utility Boilers Market by Fuel
10.1.6.1.3 United States Advanced Utility Boilers Market by Power Plant
10.1.6.2 Canada Advanced Utility Boilers Market
10.1.6.2.1 Canada Advanced Utility Boilers Market by Technology
10.1.6.2.2 Canada Advanced Utility Boilers Market by Fuel
10.1.6.2.3 Canada Advanced Utility Boilers Market by Power Plant
10.1.6.3 Mexico Advanced Utility Boilers Market
10.1.6.3.1 Mexico Advanced Utility Boilers Market by Technology
10.1.6.3.2 Mexico Advanced Utility Boilers Market by Fuel
10.1.6.3.3 Mexico Advanced Utility Boilers Market by Power Plant
10.2. EUROPE
10.2.1 Europe Advanced Utility Boilers Market Overview
10.2.2 Europe Advanced Utility Boilers Market Forecasts and Analysis
10.2.3 Europe Advanced Utility Boilers Market Forecasts and Analysis - By Technology
10.2.4 Europe Advanced Utility Boilers Market Forecasts and Analysis - By Fuel
10.2.5 Europe Advanced Utility Boilers Market Forecasts and Analysis - By Power Plant
10.2.6 Europe Advanced Utility Boilers Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Advanced Utility Boilers Market
10.2.6.1.1 Germany Advanced Utility Boilers Market by Technology
10.2.6.1.2 Germany Advanced Utility Boilers Market by Fuel
10.2.6.1.3 Germany Advanced Utility Boilers Market by Power Plant
10.2.6.2 France Advanced Utility Boilers Market
10.2.6.2.1 France Advanced Utility Boilers Market by Technology
10.2.6.2.2 France Advanced Utility Boilers Market by Fuel
10.2.6.2.3 France Advanced Utility Boilers Market by Power Plant
10.2.6.3 Italy Advanced Utility Boilers Market
10.2.6.3.1 Italy Advanced Utility Boilers Market by Technology
10.2.6.3.2 Italy Advanced Utility Boilers Market by Fuel
10.2.6.3.3 Italy Advanced Utility Boilers Market by Power Plant
10.2.6.4 United Kingdom Advanced Utility Boilers Market
10.2.6.4.1 United Kingdom Advanced Utility Boilers Market by Technology
10.2.6.4.2 United Kingdom Advanced Utility Boilers Market by Fuel
10.2.6.4.3 United Kingdom Advanced Utility Boilers Market by Power Plant
10.2.6.5 Russia Advanced Utility Boilers Market
10.2.6.5.1 Russia Advanced Utility Boilers Market by Technology
10.2.6.5.2 Russia Advanced Utility Boilers Market by Fuel
10.2.6.5.3 Russia Advanced Utility Boilers Market by Power Plant
10.2.6.6 Rest of Europe Advanced Utility Boilers Market
10.2.6.6.1 Rest of Europe Advanced Utility Boilers Market by Technology
10.2.6.6.2 Rest of Europe Advanced Utility Boilers Market by Fuel
10.2.6.6.3 Rest of Europe Advanced Utility Boilers Market by Power Plant
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Advanced Utility Boilers Market Overview
10.3.2 Asia-Pacific Advanced Utility Boilers Market Forecasts and Analysis
10.3.3 Asia-Pacific Advanced Utility Boilers Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Advanced Utility Boilers Market Forecasts and Analysis - By Fuel
10.3.5 Asia-Pacific Advanced Utility Boilers Market Forecasts and Analysis - By Power Plant
10.3.6 Asia-Pacific Advanced Utility Boilers Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Advanced Utility Boilers Market
10.3.6.1.1 Australia Advanced Utility Boilers Market by Technology
10.3.6.1.2 Australia Advanced Utility Boilers Market by Fuel
10.3.6.1.3 Australia Advanced Utility Boilers Market by Power Plant
10.3.6.2 China Advanced Utility Boilers Market
10.3.6.2.1 China Advanced Utility Boilers Market by Technology
10.3.6.2.2 China Advanced Utility Boilers Market by Fuel
10.3.6.2.3 China Advanced Utility Boilers Market by Power Plant
10.3.6.3 India Advanced Utility Boilers Market
10.3.6.3.1 India Advanced Utility Boilers Market by Technology
10.3.6.3.2 India Advanced Utility Boilers Market by Fuel
10.3.6.3.3 India Advanced Utility Boilers Market by Power Plant
10.3.6.4 Japan Advanced Utility Boilers Market
10.3.6.4.1 Japan Advanced Utility Boilers Market by Technology
10.3.6.4.2 Japan Advanced Utility Boilers Market by Fuel
10.3.6.4.3 Japan Advanced Utility Boilers Market by Power Plant
10.3.6.5 South Korea Advanced Utility Boilers Market
10.3.6.5.1 South Korea Advanced Utility Boilers Market by Technology
10.3.6.5.2 South Korea Advanced Utility Boilers Market by Fuel
10.3.6.5.3 South Korea Advanced Utility Boilers Market by Power Plant
10.3.6.6 Rest of Asia-Pacific Advanced Utility Boilers Market
10.3.6.6.1 Rest of Asia-Pacific Advanced Utility Boilers Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Advanced Utility Boilers Market by Fuel
10.3.6.6.3 Rest of Asia-Pacific Advanced Utility Boilers Market by Power Plant
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Advanced Utility Boilers Market Overview
10.4.2 Middle East and Africa Advanced Utility Boilers Market Forecasts and Analysis
10.4.3 Middle East and Africa Advanced Utility Boilers Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Advanced Utility Boilers Market Forecasts and Analysis - By Fuel
10.4.5 Middle East and Africa Advanced Utility Boilers Market Forecasts and Analysis - By Power Plant
10.4.6 Middle East and Africa Advanced Utility Boilers Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Advanced Utility Boilers Market
10.4.6.1.1 South Africa Advanced Utility Boilers Market by Technology
10.4.6.1.2 South Africa Advanced Utility Boilers Market by Fuel
10.4.6.1.3 South Africa Advanced Utility Boilers Market by Power Plant
10.4.6.2 Saudi Arabia Advanced Utility Boilers Market
10.4.6.2.1 Saudi Arabia Advanced Utility Boilers Market by Technology
10.4.6.2.2 Saudi Arabia Advanced Utility Boilers Market by Fuel
10.4.6.2.3 Saudi Arabia Advanced Utility Boilers Market by Power Plant
10.4.6.3 U.A.E Advanced Utility Boilers Market
10.4.6.3.1 U.A.E Advanced Utility Boilers Market by Technology
10.4.6.3.2 U.A.E Advanced Utility Boilers Market by Fuel
10.4.6.3.3 U.A.E Advanced Utility Boilers Market by Power Plant
10.4.6.4 Rest of Middle East and Africa Advanced Utility Boilers Market
10.4.6.4.1 Rest of Middle East and Africa Advanced Utility Boilers Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Advanced Utility Boilers Market by Fuel
10.4.6.4.3 Rest of Middle East and Africa Advanced Utility Boilers Market by Power Plant
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Advanced Utility Boilers Market Overview
10.5.2 South and Central America Advanced Utility Boilers Market Forecasts and Analysis
10.5.3 South and Central America Advanced Utility Boilers Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Advanced Utility Boilers Market Forecasts and Analysis - By Fuel
10.5.5 South and Central America Advanced Utility Boilers Market Forecasts and Analysis - By Power Plant
10.5.6 South and Central America Advanced Utility Boilers Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Advanced Utility Boilers Market
10.5.6.1.1 Brazil Advanced Utility Boilers Market by Technology
10.5.6.1.2 Brazil Advanced Utility Boilers Market by Fuel
10.5.6.1.3 Brazil Advanced Utility Boilers Market by Power Plant
10.5.6.2 Argentina Advanced Utility Boilers Market
10.5.6.2.1 Argentina Advanced Utility Boilers Market by Technology
10.5.6.2.2 Argentina Advanced Utility Boilers Market by Fuel
10.5.6.2.3 Argentina Advanced Utility Boilers Market by Power Plant
10.5.6.3 Rest of South and Central America Advanced Utility Boilers Market
10.5.6.3.1 Rest of South and Central America Advanced Utility Boilers Market by Technology
10.5.6.3.2 Rest of South and Central America Advanced Utility Boilers Market by Fuel
10.5.6.3.3 Rest of South and Central America Advanced Utility Boilers Market by Power Plant
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. ADVANCED UTILITY BOILERS MARKET, KEY COMPANY PROFILES
12.1. ALSTOM LIMITED
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. GENERAL ELECTRIC
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. HITACHI LIMITED
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. BHARAT HEAVY ELECTRICALS
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. MITSUBISHI HEAVY INDUSTRIES
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. DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION
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. HARBIN ELECTRIC COMPANY
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. BABCOCK AND WILCOX
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. DONGFANG ELECTRIC CORPORATIONS
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. SHANGHAI ELECTRIC COMPANY
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 Limited
2. General Electric
3. Hitachi Limited
4. Bharat Heavy Electricals
5. Mitsubishi Heavy Industries
6. Doosan Heavy industries and Construction
7. Harbin Electric Company
8. Babcock and Wilcox
9. Dongfang Electric Corporations
10. Shanghai Electric Company
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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