Commercial Boilers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Commercial Boilers Market covers analysis By Fuel Type (Gas, Oil, And Coal); Capacity (0.3â"2.5 MMBtu/hr, 2.5â"10 MMBtu/hr, 50â"100 MMBtu/hr, 100â"250 MMBtu/hr); Application (Hospitals, Schools, Offices, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021636
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Commercial boilers are a vital system required in commercial places for heat management. The system provides hot water and heating to the non-domestic building. The heat generated by the commercial boilers in the form of hot water or steam is circulated through the commercial building to create a comfortable environment. The increasing need for space heating across commercial and large residential places is bolstering the market growth.

MARKET DYNAMICS

The global commercial boilers market is highly competitive and expected to boost in the coming years with the growing construction of commercial places. Growing awareness toward innovative and advanced products coupled with the rising need for heating systems in shopping malls, hospitals, airports, hotels, and other places influences the commercial boilers market growth. Further, a rising mandate from governments for heating systems in commercial places and improved efficiency of commercial boilers are propelling the market growth. The leading manufacturers are developing compact-sized boiler with high efficiency, which creates a huge growth opportunity for the market. However, high maintenance requirement and cleaning is among factors restraining the market growth.

MARKET SCOPE

The "Global Commercial boilers Market Analysis to 2028" is a specialized and in-depth study of the commercial boilers market with a special focus on the global market trend analysis. The report aims to provide an overview of Commercial boilers market with detailed market segmentation by fuel type, capacity, and application. The global Commercial boilers market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Commercial boilers market player and offers key trends and opportunities in the Commercial boilers market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, and Others), Dispenser System (Submersible and Suction), and Flow Meter (Mechanical & Electronics)

MARKET SEGMENTATION

The global commercial boilers market is segmented based on fuel type, capacity, application, and geography. Based on fuel type, market is segmented as gas, oil, and coal. Based on capacity, market is segmented as 0.3â"2.5 MMBtu/hr, 2.5â"10 MMBtu/hr, 50â"100 MMBtu/hr, and 100â"250 MMBtu/hr. In the terms of application, market is segmented as hospitals, schools, offices, and others.

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 commercial boilers market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial boilers 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 Commercial boilers 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 commercial boilers market in these regions.

World Geography

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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 commercial boilers market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial boilers 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 Commercial boilers 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 commercial boilers market in these regions.

MARKET PLAYERS

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

The report also includes the profiles of key commercial boilers 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.

  •   Acme Engineering Prod. Ltd
  •   Bosch Industriekessel GmbH
  •   BURNHAM COMMERCIAL BOILERS
  •   Hamworthy Heating
  •   Ideal Boilers
  •   Indtex Boiler Pvt. Ltd.
  •   PARKER BOILER
  •   Superior Boiler Works, Inc.
  •   Viessmann Werke GmbH & Co. KG
  •   WM Technologies LLC

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
1.3.1Commercial Boilers Market - By Fuel Type
1.3.2Commercial Boilers Market - By Capacity
1.3.3Commercial Boilers Market - By Application
1.3.4Commercial Boilers Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.COMMERCIAL BOILERS 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.EXPERT OPINIONS

5.COMMERCIAL 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.COMMERCIAL BOILERS MARKET - GLOBAL MARKET ANALYSIS
6.1.COMMERCIAL BOILERS - GLOBAL MARKET OVERVIEW
6.2.COMMERCIAL BOILERS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.COMMERCIAL BOILERS MARKET - REVENUE AND FORECASTS TO 2028 â" FUEL TYPE
7.1.OVERVIEW
7.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3.GAS
7.3.1.Overview
7.3.2.Gas Market Forecast and Analysis
7.4.OIL
7.4.1.Overview
7.4.2.Oil Market Forecast and Analysis
7.5.AND COAL
7.5.1.Overview
7.5.2.and Coal Market Forecast and Analysis
8.COMMERCIAL BOILERS MARKET - REVENUE AND FORECASTS TO 2028 â" CAPACITY
8.1.OVERVIEW
8.2.CAPACITY MARKET FORECASTS AND ANALYSIS
8.3.0.3â"2.5 MMBTU/HR
8.3.1.Overview
8.3.2.0.3â"2.5 MMBtu/hr Market Forecast and Analysis
8.4.2.5â"10 MMBTU/HR
8.4.1.Overview
8.4.2.2.5â"10 MMBtu/hr Market Forecast and Analysis
8.5.50â"100 MMBTU/HR
8.5.1.Overview
8.5.2.50â"100 MMBtu/hr Market Forecast and Analysis
8.6.100â"250 MMBTU/HR
8.6.1.Overview
8.6.2.100â"250 MMBtu/hr Market Forecast and Analysis
9.COMMERCIAL BOILERS MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.HOSPITALS
9.3.1.Overview
9.3.2.Hospitals Market Forecast and Analysis
9.4.SCHOOLS
9.4.1.Overview
9.4.2.Schools Market Forecast and Analysis
9.5.OFFICES
9.5.1.Overview
9.5.2.Offices Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis

10.COMMERCIAL BOILERS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Commercial Boilers Market Overview
10.1.2North America Commercial Boilers Market Forecasts and Analysis
10.1.3North America Commercial Boilers Market Forecasts and Analysis - By Fuel Type
10.1.4North America Commercial Boilers Market Forecasts and Analysis - By Capacity
10.1.5North America Commercial Boilers Market Forecasts and Analysis - By Application
10.1.6North America Commercial Boilers Market Forecasts and Analysis - By Countries
10.1.6.1United States Commercial Boilers Market
10.1.6.1.1United States Commercial Boilers Market by Fuel Type
10.1.6.1.2United States Commercial Boilers Market by Capacity
10.1.6.1.3United States Commercial Boilers Market by Application
10.1.6.2Canada Commercial Boilers Market
10.1.6.2.1Canada Commercial Boilers Market by Fuel Type
10.1.6.2.2Canada Commercial Boilers Market by Capacity
10.1.6.2.3Canada Commercial Boilers Market by Application
10.1.6.3Mexico Commercial Boilers Market
10.1.6.3.1Mexico Commercial Boilers Market by Fuel Type
10.1.6.3.2Mexico Commercial Boilers Market by Capacity
10.1.6.3.3Mexico Commercial Boilers Market by Application
10.2.EUROPE
10.2.1Europe Commercial Boilers Market Overview
10.2.2Europe Commercial Boilers Market Forecasts and Analysis
10.2.3Europe Commercial Boilers Market Forecasts and Analysis - By Fuel Type
10.2.4Europe Commercial Boilers Market Forecasts and Analysis - By Capacity
10.2.5Europe Commercial Boilers Market Forecasts and Analysis - By Application
10.2.6Europe Commercial Boilers Market Forecasts and Analysis - By Countries
10.2.6.1Germany Commercial Boilers Market
10.2.6.1.1Germany Commercial Boilers Market by Fuel Type
10.2.6.1.2Germany Commercial Boilers Market by Capacity
10.2.6.1.3Germany Commercial Boilers Market by Application
10.2.6.2France Commercial Boilers Market
10.2.6.2.1France Commercial Boilers Market by Fuel Type
10.2.6.2.2France Commercial Boilers Market by Capacity
10.2.6.2.3France Commercial Boilers Market by Application
10.2.6.3Italy Commercial Boilers Market
10.2.6.3.1Italy Commercial Boilers Market by Fuel Type
10.2.6.3.2Italy Commercial Boilers Market by Capacity
10.2.6.3.3Italy Commercial Boilers Market by Application
10.2.6.4United Kingdom Commercial Boilers Market
10.2.6.4.1United Kingdom Commercial Boilers Market by Fuel Type
10.2.6.4.2United Kingdom Commercial Boilers Market by Capacity
10.2.6.4.3United Kingdom Commercial Boilers Market by Application
10.2.6.5Russia Commercial Boilers Market
10.2.6.5.1Russia Commercial Boilers Market by Fuel Type
10.2.6.5.2Russia Commercial Boilers Market by Capacity
10.2.6.5.3Russia Commercial Boilers Market by Application
10.2.6.6Rest of Europe Commercial Boilers Market
10.2.6.6.1Rest of Europe Commercial Boilers Market by Fuel Type
10.2.6.6.2Rest of Europe Commercial Boilers Market by Capacity
10.2.6.6.3Rest of Europe Commercial Boilers Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Commercial Boilers Market Overview
10.3.2Asia-Pacific Commercial Boilers Market Forecasts and Analysis
10.3.3Asia-Pacific Commercial Boilers Market Forecasts and Analysis - By Fuel Type
10.3.4Asia-Pacific Commercial Boilers Market Forecasts and Analysis - By Capacity
10.3.5Asia-Pacific Commercial Boilers Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Commercial Boilers Market Forecasts and Analysis - By Countries
10.3.6.1Australia Commercial Boilers Market
10.3.6.1.1Australia Commercial Boilers Market by Fuel Type
10.3.6.1.2Australia Commercial Boilers Market by Capacity
10.3.6.1.3Australia Commercial Boilers Market by Application
10.3.6.2China Commercial Boilers Market
10.3.6.2.1China Commercial Boilers Market by Fuel Type
10.3.6.2.2China Commercial Boilers Market by Capacity
10.3.6.2.3China Commercial Boilers Market by Application
10.3.6.3India Commercial Boilers Market
10.3.6.3.1India Commercial Boilers Market by Fuel Type
10.3.6.3.2India Commercial Boilers Market by Capacity
10.3.6.3.3India Commercial Boilers Market by Application
10.3.6.4Japan Commercial Boilers Market
10.3.6.4.1Japan Commercial Boilers Market by Fuel Type
10.3.6.4.2Japan Commercial Boilers Market by Capacity
10.3.6.4.3Japan Commercial Boilers Market by Application
10.3.6.5South Korea Commercial Boilers Market
10.3.6.5.1South Korea Commercial Boilers Market by Fuel Type
10.3.6.5.2South Korea Commercial Boilers Market by Capacity
10.3.6.5.3South Korea Commercial Boilers Market by Application
10.3.6.6Rest of Asia-Pacific Commercial Boilers Market
10.3.6.6.1Rest of Asia-Pacific Commercial Boilers Market by Fuel Type
10.3.6.6.2Rest of Asia-Pacific Commercial Boilers Market by Capacity
10.3.6.6.3Rest of Asia-Pacific Commercial Boilers Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Commercial Boilers Market Overview
10.4.2Middle East and Africa Commercial Boilers Market Forecasts and Analysis
10.4.3Middle East and Africa Commercial Boilers Market Forecasts and Analysis - By Fuel Type
10.4.4Middle East and Africa Commercial Boilers Market Forecasts and Analysis - By Capacity
10.4.5Middle East and Africa Commercial Boilers Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Commercial Boilers Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Commercial Boilers Market
10.4.6.1.1South Africa Commercial Boilers Market by Fuel Type
10.4.6.1.2South Africa Commercial Boilers Market by Capacity
10.4.6.1.3South Africa Commercial Boilers Market by Application
10.4.6.2Saudi Arabia Commercial Boilers Market
10.4.6.2.1Saudi Arabia Commercial Boilers Market by Fuel Type
10.4.6.2.2Saudi Arabia Commercial Boilers Market by Capacity
10.4.6.2.3Saudi Arabia Commercial Boilers Market by Application
10.4.6.3U.A.E Commercial Boilers Market
10.4.6.3.1U.A.E Commercial Boilers Market by Fuel Type
10.4.6.3.2U.A.E Commercial Boilers Market by Capacity
10.4.6.3.3U.A.E Commercial Boilers Market by Application
10.4.6.4Rest of Middle East and Africa Commercial Boilers Market
10.4.6.4.1Rest of Middle East and Africa Commercial Boilers Market by Fuel Type
10.4.6.4.2Rest of Middle East and Africa Commercial Boilers Market by Capacity
10.4.6.4.3Rest of Middle East and Africa Commercial Boilers Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Commercial Boilers Market Overview
10.5.2South and Central America Commercial Boilers Market Forecasts and Analysis
10.5.3South and Central America Commercial Boilers Market Forecasts and Analysis - By Fuel Type
10.5.4South and Central America Commercial Boilers Market Forecasts and Analysis - By Capacity
10.5.5South and Central America Commercial Boilers Market Forecasts and Analysis - By Application
10.5.6South and Central America Commercial Boilers Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Commercial Boilers Market
10.5.6.1.1Brazil Commercial Boilers Market by Fuel Type
10.5.6.1.2Brazil Commercial Boilers Market by Capacity
10.5.6.1.3Brazil Commercial Boilers Market by Application
10.5.6.2Argentina Commercial Boilers Market
10.5.6.2.1Argentina Commercial Boilers Market by Fuel Type
10.5.6.2.2Argentina Commercial Boilers Market by Capacity
10.5.6.2.3Argentina Commercial Boilers Market by Application
10.5.6.3Rest of South and Central America Commercial Boilers Market
10.5.6.3.1Rest of South and Central America Commercial Boilers Market by Fuel Type
10.5.6.3.2Rest of South and Central America Commercial Boilers Market by Capacity
10.5.6.3.3Rest of South and Central America Commercial Boilers 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.COMMERCIAL BOILERS MARKET, KEY COMPANY PROFILES
12.1.ACME ENGINEERING PROD. 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.BOSCH INDUSTRIEKESSEL GMBH
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.BURNHAM COMMERCIAL BOILERS
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.HAMWORTHY HEATING
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.IDEAL BOILERS
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.INDTEX BOILER PVT. 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.PARKER BOILER
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.SUPERIOR BOILER WORKS, INC.
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.VIESSMANN WERKE GMBH AND CO. KG
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.WM TECHNOLOGIES LLC
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. Acme Engineering Prod. Ltd
2. Bosch Industriekessel GmbH
3. BURNHAM COMMERCIAL BOILERS
4. Hamworthy Heating
5. Ideal Boilers
6. Indtex Boiler Pvt. Ltd.
7. PARKER BOILER
8. Superior Boiler Works, Inc.
9. Viessmann Werke GmbH and Co. KG
10. WM Technologies LLC

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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